Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.
Public Notice of Dividend Distribution for year of 2023
Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.and its wholemembers of Board of Directors ensure that the public notice is real, accurate andcomplete, and there are no any important omissions, fictitious statements or seriousmisleading carried in this notice.
The dividend distribution plan for year of 2023 under the name of BingshanRefrigeration & Heat Transfer Technologies Co., Ltd. (the “Company”) has beendeliberated and approved at the Annual Shareholder’s General Meeting 2023 held onMay 23, 2024. If the total capital stock of the Company changes before theimplementation of equity allocation, it will be implemented in accordance with theprinciple that the total allocation remains unchanged. The total share capital of theCompany has not changed during the period from the disclosure to theimplementation of the dividend distribution plan. The dividend distribution planimplemented is consistent with the plan examined and passed by Shareholders'General meeting. It is not more than two months from implementation day of thedistribution plan to the day that Shareholders' General meeting examined and passed.Distribution for the dividend for year of 2023 is disclosed as:
I. Dividend distribution planThe equity distribution scheme for year of 2023 under the name of the Company are: 1.A cash dividend RMB 0.3 for every 10 shares will be paid to all the shareholders basedon the current total number of 843,212,507 shares (including tax; after tax is deducted,RMB0.27 for every 10 shares held by A-share QFII, RQFII and individuals andsecurities investment funds holding restricted shares issued for stock reform and new-restricted shares; for individuals holding other restricted shares and non-restrictedoutstanding shares, different tax rates will be applied on the dividend. A dividend ofRMB 0.3 for every 10 shares will be distributed first. The tax? will be deductedaccording to the actual shareholding period and number of shares sold by investor afterthe equity registration day; for securities investment funds holding other restrictedshares and non-restricted outstanding shares, for the Hong Kong investors holding fundshares according to 10% tax, different tax rates will be applied on the cash dividenddistributed to the mainland investors holding fund shares for non-resident enterpriseother than QFII and RQFII, the Company will not withhold the income tax. Tax payersshall pay tax whether it is accrued; the after-tax cash dividend for B-share non-residententerprises is RMB 0.27 for every 10 shares. Different tax rates will be applied on thecash dividend distributed to domestic (overseas) individual shareholders. A dividend ofRMB 0.3 for every 10 shares will be distributed first. The tax will be deducted accordingto the actual shareholding period and number of shares sold by the investor after theequity registration day. ).【? Note: The shareholding period is calculated based on investors’ securities accountsand the first-in-first-out principle. The tax for every 10 shares is RMB 0.06 for sharesheld for one month (one month included) or less; RMB 0.03 for shares held for morethan one month but no more than one year (one year included). No tax will deductedfor shares held for more than one year.】The cash dividend for B-share shareholders will be distributed in HKD based on the
middle exchange rate between RMB and HKD released by the People’s Bank of China(HKD: RMB =1: 0.9105) on the first business day after the resolution day of GeneralMeeting (that is May 24, 2024), according to the discount rate for dividend regulated inArticle of Association. The pay back taxes withhold for B-share shareholders in thefuture refer to the aforesaid discount rate.
II. Record Date & Ex-Dividend date
1. Record date for A shares: July 11, 2024, XD: July 12, 2024;
2. Final trading date for B shares: July 11, 2024, XD: July 12, 2024; Record date: July16, 2024.
III. Distribution targets
1. All shareholders of A shares as listed on the Company’s register of holders of A shareson Shenzhen Branch of China Securities Depository and Clearing Corporation Limitedafter trading close of Shenzhen Stock Exchange ended as noon July 11, 2024.
2. All shareholders of B shares as listed on the Company’s register of holders of A shareson Shenzhen Branch of China Securities Depository and Clearing Corporation Limitedafter trading close of Shenzhen Stock Exchange ended as noon
July 16, 2024 (finaltrading date as July11, 2024).
IV. Distribution way
1. Shenzhen Branch of China Securities Depository and Clearing Corporation Limitedwas entrusted by the Company for dividend distribution for A shareholders. And thedividend will wire to capital account directly through shareholders’ trusteeship securitycompany (or other custodian) dated July12, 2024.
2. Dividend for B shares will wire to the capital account directly through shareholders’trusteeship security company or trustee bank dated July 16, 2024. If shareholders of Bshares transfer the custody of “Bingshan B” dated July 16, 2024 the dividend willreceive in the original shareholders’ trusteeship security company or trustee bank.
3. The dividend for followed shareholders of A shares will distribute by the Company:
| Serial | Shareholders’ account | Name of shareholders |
| 1 | 08*****772 | Dalian Bingshan Group Co., Ltd. |
During the application of dividend distribution business ( the application date: July3,2024; the equity registration date: July 11,2024), If because the shares in securityaccount of Dalian Bingshan Group Co., Ltd. decrease, lead to entrust ShenzhenBranch of China Securities Depository and Clearing Corporation Limited for dividenddistribution insufficient , all legal responsibility and consequences shall be borne bythe Company.
V. Other explanationIf the relevant shareholders of A shares and B shares holds the taxation certificate whichwas recognized as resident enterprise issued by Chinese taxation authorities, oridentification documents that enjoys treatment under Double Taxation Agreement(DTA) or other duty-free referential policy approved by Chinese taxation authorities,please contact the Company before July 31, 2024 (including July 31, 2024) withrelevant documents required for discrimination. The Company will re-calculatedistributable dividend based on taxation documents and relevant documents thatprovided, and will help the taxation authority on the claim for tax refund for taxedamount and payable amount as well as distribution correspondingly.
IX. ConsultingConsulting agency: Security and Legal Affairs Department of the CompanyContact person: Mrs. Du YuPhone: 0086-411-87968822Fax：0086-411-87968125
X. Documents available for reference
1. Resolution of Annual Shareholder’s General Meeting 2023;
2. Other related documents.
Hereby notify the above.
Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.
July 5, 2024