REG - Huatai Securities Co - IMPLEMENTATION OF EQUITY DISTRIBUTION FOR 2023

Huatai Securities CoAnnouncement

08/08/2024 11:45

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RNS Number : 7591Z  Huatai Securities Co., Ltd  08 August 2024

ANNOUNCEMENT ON IMPLEMENTATION OF EQUITY DISTRIBUTION FOR 2023 OF HUATAI
SECURITIES CO., LTD.

(GDR under the Symbol: HTSC, ISIN: US44331T1043)

I. SESSION AND DATE OF THE GENERAL MEETING AT WHICH THE DISTRIBUTION PLAN WAS APPROVED

The 2023 profit distribution plan was considered and approved at the 2023
annual general meeting of the Company on June 20, 2024. The announcement on
the resolutions of the general meeting has been published on the website of
the Shanghai Stock Exchange (http://www.sse.com.cn), HKEXnews website of the
Hong Kong Exchanges and Clearing Limited (http://www.hkexnews.hk), website of
the London Stock Exchange (http://www.londonstockexchange.com) and website of
the Company (http://www.htsc.com.cn).

II. DISTRIBUTION PLAN
1.    Year of Distribution: 2023
2.    Distribution Participants:

All holders of A Shares of the Company registered in the Shanghai Branch of
China Securities Depository and Clearing Company Limited as at the close of
the Shanghai Stock Exchange in the afternoon of the record date.

This announcement does not apply to dividend distribution for holders of H
Shares of the Company. For detailed arrangements for holders of H Shares,
please refer to the announcement published by the Company on HKEXnews website
of the Hong Kong Exchanges and Clearing Limited (http://www.hkexnews.hk) and
website of the Company (http://www.htsc.com.cn) on June 20, 2024.

 

3.    Distribution Plan:

According to the resolution on the 2023 Profit Distribution Plan of the
Company, which was considered and approved at the 2023 annual general meeting
of the Company, the Company will distribute cash dividend of RMB0.43 (tax
inclusive) per share based on the Company's total share capital of
9,029,384,840 Shares (before implementation of the plan), with the total cash
dividend of RMB3,882,635,481.20 (tax inclusive), representing 30.45% of net
profit attributable to the shareholders of the parent company on a
consolidated basis for 2023.

If the total share capital of the Company changes as a result of repurchase
and cancellation of shares granted in the equity incentive scheme during the
period from the disclosure date of this plan to the record date of the
implementation of the dividend distribution, the Company intends to maintain
the distribution ratio per share unchanged and adjust the total amount of
distribution accordingly. The remaining profit available for distribution to
investors will be carried forward to the next year.

Cash dividend is denominated and declared in RMB and paid to holders of A
Shares (including the depositary of GDRs) and the investors of Southbound
Trading in RMB and to holders of H Shares (excluding the investors of
Southbound Trading) in HKD.

III. RELEVANT DATES
  Class of Shares   Record Date  Last Trading Day  Ex-rights               Cash dividend payment Date

                                                    (ex-dividends) Date
 A Shares           2024/8/15    －                 2024/8/16               2024/8/16

IV. PROFIT DISTRIBUTION MATTERS FOR GDR INVESTORS

The Company shall distribute cash dividends for the holders of global
depositary receipts of the Company ("GDRs") to Citibank, National Association,
the nominal holder of the domestic basic A Shares corresponding to GDR.
According to the Corporate Income Tax Law of the PRC
(《中华人民共和国企业所得税法》) and other relevant tax
regulations, the Company shall withhold and pay income taxes at a tax rate of
10%. For the qualified investors who have invested in the GDRs issued by the
Company on the London Stock Exchange and who comply with the relevant domestic
and foreign regulatory rules (hereinafter referred to as "GDR investors"), if
they are entitled to the treatment as stipulated in relevant tax treaties
(arrangements), applications can be submitted to the governing tax authority
according to regulations.

The record date for GDR investors is the same as the record date for holders
of A Shares. The cash dividend will be distributed to GDR investors by
Citibank, National Association through Euroclear Bank SA/NV and/or Clearstream
Banking, S.A. on August 23, 2024 (London time).

V. RELEVANT INQUIRIES

For any questions about matters related to the implementation of the equity
distribution, please contact us as follows:

Contact department: Board Office of Huatai Securities Co., Ltd

Email: boardoffice@htsc.com

Tel: +86 25 83387272、+86 25 83387780

 

Huatai Securities Co., Ltd.

 August 8, 2024

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