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2000 Annual Dividend Distribution Announcement
The 2000 dividend distribution plan of Dalian Refrigeration Co., Ltd. (the “Company”) was approved at the Company’s 2000 Annual General Meeting held on May 22, 2001. The details of the Company’s 2000 dividend distribution are hereby announced as follows:
I. Dividend Distribution Plan
All shareholders will receive a cash dividend of RMB 1 for every 10 shares held (inclusive of tax; after tax deduction, A-share public shareholders will actually receive RMB 0.80 for every 10 shares). Dividends on B shares will be converted into Hong Kong dollars for payment. The conversion exchange rate shall be the mid-rate of HKD to RMB published by the People’s Bank of China on the first business day following the date of the resolution passed at the General Meeting of Shareholders (May 23), which is 1.0604. This dividend distribution is based on the total share capital of 350,014,975 shares, and the company’s total share capital will remain unchanged after the dividend is paid.
II. Recipients of Dividends
All shareholders of the Company registered with Shenzhen Securities Registration Co., Ltd. as of 3:00 p.m. on July 12, 2001, following the close of trading at the Shenzhen Stock Exchange (including A-share and B-share shareholders).
III. Record Date and Ex-Dividend Date
The record date for A-share dividend distribution is July 12, 2001; the last trading day for B shares is also July 12, 2001; and the ex-dividend date is July 13, 2001.
IV. Dividend Distribution Method
1. Dividends on A-share public shares will be credited directly to the shareholders’ fund accounts via their custodian securities firms on July 16, 2001. Dividends on B-share public shares will be credited directly to the shareholders’ fund accounts via their custodian securities firms or custodian banks on July 18, 2001.
2. Dividends on state-owned shares, corporate shares, and shares held by senior management shall be distributed directly by the company.
3. If an investor completed the transfer of custody for “Daling Shares” on July 13, 2001, any dividends attributable to such shares will still be paid through the original custodian securities firm. Similarly, if an investor completed the transfer of custody for “Daling B” on July 17, 2001, any dividends attributable to such shares will also continue to be paid through the original custodian securities firm.
V. Consultation Matters
Consulting Agency: Securities Department of Dalian Refrigeration Co., Ltd.
Consultants: Song Wenbao, Qiu Tao
Consultation phone: 0086-411-6654530
Hereby announced.
Board of Directors, Dalian Refrigeration Co., Ltd.
July 6, 2001