2016 annual rights of Jiangsu Shentong Valve Co.,

2022-08-01
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Jiangsu Shentong Valve Co., Ltd. 2016 annual equity distribution implementation announcement

the company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and bear the responsibility for any false records, misleading statements or major omissions in the announcement

the company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and are liable for any false records, misleading statements or major omissions in the announcement

the 2016 annual equity distribution plan of Jiangsu Shentong (17.550, 0.42, which makes its comprehensive performance good, 2.45%) valve Co., Ltd. (hereinafter referred to as "the company" or "the company") has been reviewed and approved by the 2016 annual general meeting of shareholders held on April 12, 2017. The company's profit distribution plan for 2016 is: to distribute cash dividends of RMB 0.50 (including tax) to all shareholders for every 10 shares based on the total share capital on the equity registration date when the company implements the distribution plan in the future, and to increase 10 shares for every 10 shares to all shareholders with the capital reserve. As of the equity registration date when the distribution plan is implemented in the future, if the share capital of the company changes due to repurchase and cancellation of some restricted shares, the company will keep the amount of profit distribution per 10 shares unchanged and change the total profit distribution accordingly. The resolution announcement of the 2016 annual general meeting was published in the securities times, Shanghai Securities News and cninfo on april13,2017 (Announcement No.)

the company held the 11th meeting of the 4th board of directors on may6,2017 to consider and approve the proposal on repurchase and cancellation of some restricted shares. In view of the resignation of the incentive objects Mr. luxiaojian, Mr. zhangfengfan, Ms. jichunhua and Mr. Zhang Qingshuang, and the retirement of Mr. Xubin, the company decided to repurchase and cancel 135000 restricted shares held by the above five incentive objects at RMB 11.21/share, The repurchase and cancellation of the above restricted shares of the company was completed on May 22, 2017. For details, please refer to the announcement on the completion of repurchase and cancellation of some restricted shares published in the securities times, Shanghai Securities News and cninfo on May 23, 2017 (first according to the force Announcement No. of the inspected interval). The repurchase and cancellation of restricted shares led to the change of the company's total share capital from 243074078 shares to 242939078 shares from the disclosure of the company's 2016 annual profit distribution plan to the implementation period. The total share capital of the company changes due to the repurchase and cancellation of restricted shares. The company will keep the amount of profit distribution per 10 shares unchanged and change the total amount of profit distribution accordingly

the distribution plan implemented this time is consistent with the distribution plan and its adjustment principles approved by the general meeting of shareholders; The implementation time of this equity distribution did not exceed two months from the time when the 2016 profit distribution plan was reviewed and approved by the general meeting of shareholders. Now we will announce the equity distribution. For example, we have successfully developed the ultra free cutting stainless steel used for the ball pen head ball socket:

I. equity distribution scheme

the company's 2016 annual equity distribution scheme is: Based on the company's existing total share capital of 242939078 shares, Distribute RMB 0.500000 in cash to all shareholders for every 10 shares (tax included; after tax deduction, QFII, rqfii and individuals holding restricted shares of share reform and initial restricted shares and securities investment funds will be paid 0.450000 yuan for every 10 shares; the tax on dividends and bonuses of individuals holding non share reform, non initial restricted shares and non initial tradable shares will be levied at a differentiated tax rate of 0.500000 yuan for every 10 shares. After the equity registration date, the tax will be paid according to the actual shareholding period according to the reduction of shares held by investors; the tax on dividends and bonuses of individuals holding non share reform and non initial restricted shares will be paid according to the actual shareholding period; and The bonus tax involved in securities investment funds with restricted and non tradable shares shall be levied at 10% of the fund units held by Hong Kong investors, and a differentiated tax rate shall be imposed on the fund units held by mainland investors; For non resident enterprises other than QFII and rqfii, the company has not withheld and paid income tax, which shall be paid by the taxpayer at the place where the income occurs). At the same time, 10.000000 shares will be added to all shareholders for every 10 shares with the capital reserve

knock the rust hammer [a note: according to the principle of first in, first out, the shareholding period is calculated by taking the investor's securities account as the unit. If the shareholding is less than 1 month (including 1 month), RMB 0.100000 shall be paid for every 10 shares; if the shareholding is more than 1 month to 1 year (including 1 year), RMB 0.050000 shall be paid for every 10 shares; if the shareholding is more than 1 year, no supplementary tax shall be paid.]

before the implementation of the profit distribution plan, the total share capital of the company was 242939078 shares, and after the implementation, the total share capital increased to 485878156 shares

II. Equity registration date and ex dividend date

the equity registration date of this equity distribution is June 5, 2017, and the ex dividend date is June 6, 2017

III. objects of equity distribution

the objects of this distribution are all shareholders of the company registered with China Securities Depository and Clearing Corporation Limited Shenzhen Branch (hereinafter referred to as China Securities Depository and Clearing Corporation Limited Shenzhen Branch) after the closing of the Shenzhen Stock Exchange on the afternoon of June 5, 2017

IV. equity distribution method

1. The shares sent (transferred) were directly recorded in the shareholder's securities account on June 6, 2017. For the part less than 1 share generated in the process of share delivery (conversion), one share shall be distributed to shareholders in order of the mantissa after the decimal point from the largest to the smallest (if the mantissa are the same, it shall be distributed by the system in random order among those with the same mantissa), until the actual total number of shares delivered (converted) is consistent with the total number of shares delivered (converted) this time

2. The cash dividends entrusted by the company to CSDCC Shenzhen Branch will be directly transferred to its capital account through the shareholder custody securities company (or other custody institution) on June 6, 2017

3. The cash dividends of the following A-share shareholders shall be distributed by the company itself:

during the application period for equity distribution business (application date: May 23, 2017 to registration date: June 5, 2017), if the cash dividends entrusted to CSDCC Shenzhen Branch are insufficient due to the reduction of shares in the securities account of the shareholders, all laws and consequences shall be borne by the company itself

v. the starting trading date of the non tradable shares delivered (transferred) this time is June 6, 2017

VI. statement of changes in shares

unit: shares

VII. After the implementation of share offering (transfer), the net income per share in 2016 was 0.1062 yuan based on the dilution of 485878156 new share capital

VIII. Adjustment of repurchase price and quantity of restricted stock

after the implementation of this equity distribution, the company will adjust the repurchase price and quantity of the restricted stock incentive plan in 2015. Please pay attention to the subsequent relevant announcements of the company

IX. consultation method

consultation organization: Office of the board of directors of Jiangsu Shentong Valve Co., Ltd.

consultation address: Shentong valve base 3, Nanyang Town, Qidong City, Jiangsu Province

consultation contacts: zhangqiqiang, chenmingdi

consultation:

Fax:

X. documents for future reference

1. Documents about the specific time arrangement of this equity distribution confirmed by China settlement Shenzhen Branch

2. Resolutions of the 9th meeting of the 4th board of directors of the company

3. Resolutions of the company's 2016 annual general meeting of shareholders

it is hereby announced

board of directors of Jiangsu Shentong Valve Co., Ltd.

May 26, 2017

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