REG - China Yangtze Power - Implementation of 2021 Annual Profit Distribution
12/07/2022 11:45
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RNS Number : 1744S China Yangtze Power Co. Ltd. 12 July 2022
China Yangtze Power Co., Ltd.
Announcement on Implementation of 2021 Annual Profit Distribution
The board of directors and all directors of China Yangtze Power Co., Ltd. (the
"Company") warrant that there are no false representations and misleading
statements contained in, or material omissions from, this announcement, and
severally and jointly accept the responsibility for the truthfulness, accuracy
and completeness of the contents of this announcement.
I. Session and date of the General Meeting of Shareholders for passing the distribution scheme
This profit distribution scheme is deliberated and passed at 2021 Annual
General Meeting of Shareholders held by the Company on 25(th) May, 2022.
II. Distribution scheme
1. Distribution year: 2021
2. Distribution object:
The distribution object refers to all the Company's shareholders registered in
China Securities Depository and Clearing Corporation Limited Shanghai Branch
(hereinafter referred to as "CSDC Shanghai Branch") as of closing of Shanghai
Stock Exchange on the afternoon of 20(th) July, 2022, the equity registration
date.
3. Distribution scheme:
This profit distribution takes the Company's total share capital of
22,741,859,230 shares before the scheme implementation as its base, the cash
dividend of RMB 0.8153 (tax inclusive) is distributed to the shareholders per
share, and totally, the cash dividend of RMB 18,541,437,830.22 is distributed.
III. Relevant dates
Share Class Equity Registration Date Last Trading Date Ex-rights (Ex-dividend) Date Cash Dividend Distribution Date
A share 20/7/2022 － 21/7/2022 21/7/2022
IV. Implementing measure of distribution
The cash dividends of China Three Gorges Corporation (B880942874 account),
China Three Gorges Construction (Group) Co., Ltd., Sichuan Energy Industry
Investment Group Co., Ltd., Citibank and National Association are directly
distributed by the Company. The distribution of cash dividends for
shareholders other than those with cash dividends directly distributed is
entrusted by the Company to CSDC Shanghai Branch.
For eligible investors who invest in Global Depository Receipts (GDRs) issued
by the Company on the London Stock Exchange ("GDR investors") and comply with
the relevant domestic and overseas regulatory rules, the cash dividends will
be paid by the Company to Citibank and National Association, the nominal
holders of GDRs corresponding to the underlying A shares. The cash dividends
will be paid by the Company to Citibank and National Association, the nominal
holders of the GDRs-associated domestic underlying A shares. According to the
tax regulations such as the Enterprise Income Tax Law of the People's Republic
of China, the Company withholds the income tax at a rate of 10%. After
receiving the GDR dividend income, if GDR investors need to enjoy the relevant
tax agreement (arrangement) treatment, they can apply to the Company's
competent tax authority by themselves in accordance with the regulations.
The equity registration date for GDR investors will be the same as that for
A-shareholders, and cash dividends will be paid by Citibank and National
Association to GDR investors through Euroclear Bank SA/NV and Clearstream
Banking, S.A. on 28(th) July 2022 (London time).
The Board of Directors of China Yangtze Power Co., Ltd.
12(th) July 2022
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