Securities abbreviation: Industrial Bank Securities code: 601166 Serial No.: T 2013-21
Industrial Bank Co., Ltd.
Announcement on Implementation of Profit Distribution for 2012
The Company and all the members of the board of directors warrant the truthfulness, accuracy and completeness of the announcement and will bear the joint and several liabilities for any false record, misleading statement or major omission in the announcement.
Important hints:
● 5 shares (tax included) presented for each 10 shares, and 0.5 share (tax included) for each share;
● RMB 5.70 (tax included) paid out for each 10 shares, and RMB 0.57 (tax included) paid out for each share;
● The cash dividends for each share (after-tax) are respectively RMB 0.5700, RMB 0.5165, RMB 0.4630 and RMB 0.3560 according to the identities and holding period of shareholders.
● Equity right registration date: July 2, 2013
● Ex-dividend date: July 3, 2013
● Offering date of newly-increased negotiable shares: July 4, 2013
● Payment date for cash dividends: July 9, 2013
The profit distribution plan for 2012 of Industrial Bank Co., Ltd. has been deliberated and approved by the 2013 General Shareholders’ Meeting that was held on May 21, 2012. The announcement concerning the resolutions of the General Shareholders' Meeting was published on the website of the Shanghai Stock Exchange and in China Securities News, Shanghai Securities News, Securities Times and Securities Daily on May 22, 2013. The detailed implementation of profit distribution plan is announced as follows:
I. Profit Distribution Plan for 2012
1. Year of payment: 2012
2. Taking the 12,701,557,834 shares of the Company in total as the base, 5 shares (tax included) will be presented for each 10 shares and a cash dividend of RMB 5.7 (tax included) will be paid out for every 10 share to all shareholders listed on the book on the registration date of stock equity right, and the total amount of cash dividends is RMB 7.240 billion. After the implementation of the plan, the total capital stock of the Company will reach 19,052,336,751 shares, increasing 6,350,778,917 shares.
II. Dates for the Implementation of Dividends Distribution
1. Equity right registration date: July 2, 2013
2. Ex-dividend date: July 3, 2013
3. Offering date of newly-increased negotiable shares: July 4, 2013
4. Payment date for cash dividends: July 9, 2013
III. Objects of Dividends Distribution
All shareholders of the Company registered with Shanghai Branch of China Securities Depository and Clearing Corporation Limited after the close of trading at Shanghai Stock Exchange on the afternoon of July 2, 2013.
IV. Measures for the Implementation of Dividends Distribution
1. Except for the shareholders specified as follows, Shanghai Branch of China Securities Depository and Clearing Corporation Limited is authorized by the Company to distribute cash dividends through its capital clearing system to the shareholders of the Company who were registered on the equity right registration date.
Cash dividends for Hang Seng Bank Limited, Tetrad Ventures Pte Ltd, and Fujian Xingyin Property Management Co., Ltd. will be paid directly by the Company.
2. In accordance with relevant provisions of the Notice on Issues concerning the Implementation of Differential Individual Income Tax Policies on Dividends and Bonuses of Listed Companies (No. 85 [2012] of the Ministry of Finance), for individual shareholders and securities investment funds holding A-shares, all the dividends that received shall be counted as the taxable incomes and the actual tax rate is 20% if their holding period (the period of time starting from the day when an individual gets said stock of a listed company at the public offering and transferring markets to the day before the transfer and delivery of said stock) is not longer than a month; 50% of the dividends that received shall temporarily be counted as the taxable incomes and the actual tax rate is 10% if their holding period is longer than a month but not longer than a year; 25% of the dividends that they receive shall temporarily be counted as the taxable incomes and the actual tax rate is 5% if their holding period is longer than a year. Pursuant to the above provisions, the Company will first withhold individual income tax at the rate of 5% and pay RMB 0.5165 cash dividend for each share; if an individual shareholder and securities investment fund transfers the said stock after the equity right registration date, no additional tax will be paid on the principle of “first in first out” in the event that the holding period is longer than a year; an additional amount of tax of RMB 0.1605 will be paid for each share in the event that the holding period is not longer than a month; an additional amount of tax of RMB 0.0535 will be paid for each share in the event that the holding period is longer than a month but not longer than a year. The Company will have such additional tax withheld for agency payment by Shanghai Branch of China Securities Depository and Clearing Corporation Limited.
3. Those shareholders (including institutional investors) that are resident enterprises defined in the Enterprise Income Tax Law of the People’s Republic of China are required to pay the income tax for the received dividends by themselves, and the actual cash dividends to be distributed per share will be RMB 0.57.
4. In regard to qualified foreign institutional investors (QFII) holding shares of the Company, in accordance with relevant provisions of China, Shanghai Branch of China Securities Depository and Clearing Corporation Limited is authorized by the Company to distribute to the said investors the sum due following the deduction of enterprise income tax at the rate of 10%, that is, the cash dividend per share to be distributed is RMB 0.4630. If QFII shareholders need to enjoy the treatments of tax treaties (arrangements) in receiving the dividend incomes, they may submit the tax refund applications themselves to the competent tax authority after receiving said dividends pursuant to relevant provisions. If the shareholders of this category can provide the following relevant legal documents within 10 business days after the publication of this announcement: (1) receipts of paying enterprise income tax to China’s tax authorities as resident enterprises; (2) the declaration of enterprise income tax payment submitted to China’s tax authorities as resident enterprises; (3) the documentary evidence that can prove the dividends received belong to the organization, institution or location established by the shareholders of this category in the China, though not a resident enterprise. after the Company confirms that the relevant shareholders are classified as resident enterprises, the said 10% enterprise income tax will not be withheld, and the Company will reissue the corresponding dividends per share to those shareholders. If the shareholders in this category fail to provide such documentary evidence within the specified period, the Company will withhold the income tax of QFII shareholders’ dividends at the tax rate of 10%.
5. Other non-resident enterprises whose enterprise income taxes are not withheld by the Company are required to pay the income tax of dividends by themselves.
V. Statement of Changes in Equity
Unit: share
| Share category | Before the change | Shares present this time | After the change |
| Restricted shares | 1,915,146,700 | 957,573,350 | 2,872,720,050 |
| Unrestricted negotiable shares | 10,786,411,134 | 5,393,205,567 | 16,179,616,701 |
| Total number of shares | 12,701,557,834 | 6,350,778,917 | 19,052,336,751 |
VI. After the implementation of the share-presenting plan, the basic EPS in 2012 calculated by the total 19,052,336,751 shares will be RMB 2.15.
VII. Consulting Method
Consulting agency: Office of the Board of Directors, Industrial Bank
Address: 10/F, Block A Zhongshan Tower, No. 154 Hudong Road, Fuzhou, Fujian Province.
Tel: 0591-87857530
Fax: 0591-87842633
VIII. Documents for Examination
Resolution of 2012 General Shareholders’ Meeting of the Company
It is hereby to announce as foregoing.
Board of Directors of Industrial Bank Co., Ltd.
June 26, 2013