A-share Code: 601166 A-share Name: Industrial Bank No.: T 2015-16
Preferred Share Code: 360005 Preferred Share Name: IBPS1
Industrial Bank Co., Ltd.
Announcement on the Implementation of Distribution of Dividends of Preferred Shares for 2014
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 content notes:
● The dividends distributed for each preferred share is RMB 0.39452 (tax included); the dividend-accruing period of 2014 for preferred shares issued by the Company extends from December 8, 2014 to December 31, 2014, and the annual dividend yield is 6%. The actual dividends distributed to shareholders of preferred shares will be calculated according to the par value of shares held, dividend-accruing period and annual dividend yield.
● The last trading day: May 25, 2015
● Equity registration date: May 26, 2015
● Ex-dividend date: May 26, 2015
● Dividend payment day: May 27, 2015
The 2014 profit distribution plan of Industrial Bank Co., Ltd. has been deliberated and approved by the 2014 General Shareholders’ Meeting which was held on May 18, 2015. The announcement concerning the resolutions of the General Shareholders' Meeting was published on the website of the Shanghai Stock Exchange and in China Securities Journal, Shanghai Securities News, Securities Times and Securities Daily. Now, the detailed implementation of dividends for preferred shares is announced as follows:
I. The 2014 Distribution Plan of Dividends for Preferred Shares
1. Year of payment: 2014
2. In 2014, the Company issued 130 million preferred shares in the non-public manner (Preferred Share Name: IBPS1; Code: 360005), at the value of RMB100 per share, and the dividends will be paid once each accounting year in cash. The initial date of dividend accrual is the deadline for the payment of this offering of preferred shares, namely December 8, 2014. The distribution plan of dividends for preferred shares deliberated and approved by the General Shareholders’ Meeting of the Company is that the dividend-accruing period in 2014 extends from December 8, 2014 to December 31, 2014 and the dividends for preferred shares to be distributed total RMB 51,287,671.23 (the annual dividend yield is 6%).
3. The actual dividends distributed to shareholders of preferred shares will be calculated according to the par value of shares held, dividend-accruing period and annual dividend yield.
II. Implementation Dates of Dividends Distribution
1. The last trading day: May 25, 2015
2. Equity registration date: May 26, 2015
3. Ex-dividend date: May 26, 2015
4. Dividend payment day: May 27, 2015
III. Objects of Dividends Distribution
All shareholders of preferred shares 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 May 26, 2015.
IV. Implementation Measures of Dividends Distribution
1. The dividends for all shareholders of preferred shares in 2014 will be directly distributed by the Company.
2. Those shareholders (including institutional investors) that hold the Company’s preferred shares and 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.
V. Consulting Method
Consulting agency: General Office of the Board of Directors, Industrial Bank
Address: No. 154 Hudong Road, Fuzhou
Tel: 0591-87857530
Fax: 0591-87842633
VI. Documents for reference
Resolution of 2014 General Shareholders’ Meeting of the Company
It is hereby to announce as foregoing.
Board of Directors of Industrial Bank Co., Ltd.
May 21, 2015