Share’s code： 000550 Share’s Name： Jiangling Motors No.： 2025—035
Jiangling Motors Corporation, Ltd.
Public Announcement on Year 2024 Dividend Distribution
Jiangling Motors Corporation, Ltd. and its Board members undertake that the
information disclosed herein is truthful, accurate and complete and does not
contain any false statement, misrepresentation or major omission.
Special note:
(hereinafter referred to as “JMC” or the “Company”) for the year 2024 was approved at
the Company’s 2024 Annual Shareholders’ Meeting held on June 24, 2025, and the
proposal on dividend distribution is as follows: based on the Company’s total share
capital of 863,214,000 shares, of which the total number of A shares is 519,214,000
shares and the total number of B shares is 344,000,000 shares, as of 31 December 2024,
a cash dividend of RMB 7.12 (including tax) per 10 shares is to be distributed to
shareholders. No bonus shares will be issued, and no capital reserves will be used to
increase share capital. If the Company's share capital changes due to share repurchases
or other reasons prior to the equity registration date for the implementation of this profit
distribution plan, the Company will recalculate the distribution ratio based on the
remaining number of shares after deducting the number of shares in the repurchase
account from the total share capital, in accordance with the principle of ‘fixed total cash
dividend amount’.
Company's share repurchase special account. According to the Shenzhen Stock
Exchange Listing Rules for Listed Companies No. 9 — Share Repurchase, shares in the
repurchase special account do not have profit distribution rights. The number of shares
with distribution rights is 854,643,522.
after ex-rights and ex-dividends, calculated based on the total share capital of the
Company's A-shares and B-shares respectively, are as follows:
The total amount of cash dividends distributed for A-shares (including taxes) = the actual
number of A-shares participating in this dividend distribution (excluding repurchased
shares) × the actual cash dividend per share = 510,643,522 shares × RMB 0.71914 per
share (including taxes) = RMB 367,224,182.41 (including taxes). The cash dividend
(including tax) per 10 shares calculated based on the Company's total A-share capital
(including repurchased shares) = the total amount of cash dividends distributed for A-
shares ÷ A-share capital (including repurchased shares) × 10, i.e., RMB 7.072694
(including tax) = RMB 367,224,182.41 (including tax) ÷ 519,214,000 shares × 10. After
the implementation of this dividend distribution, in accordance with the principle of
unchanged stock market value, the total share capital of the Company remains
unchanged before and after the dividend distribution. The A-share ex-rights and ex-
dividends price = the closing price of A-shares on the equity record date – RMB
The cash dividend for Company B-shares is RMB 7.1914 per 10 shares (equivalent to
HKD 7.8767 per 10 shares, with an exchange rate of HKD: RMB = 1:0.9130). After the
implementation of this dividend distribution, the ex-rights and ex-dividends price for B-
shares = the closing price of B-shares on the last trading day - HKD 0.78767 per share.
I. Review and approval of the Proposal on Dividend Distribution at a Shareholders’
Meeting
at the Company’s 2024 Annual Shareholders’ Meeting held on June 24, 2025, and
the proposal on dividend distribution is as follows: based on the Company’s total
share capital of 863,214,000 shares as of 31 December 2024, a cash dividend of RMB
shares will be issued, and no capital reserves will be used to increase share capital.
If the Company's share capital changes due to share repurchases or other reasons
prior to the equity registration date for the implementation of this profit distribution
plan, the Company will recalculate the distribution ratio based on the remaining
number of shares after deducting the number of shares in the repurchase account
from the total share capital, in accordance with the principle of ‘fixed total cash
dividend amount.’
Company's share repurchase special account, shares in the repurchase special
account do not have profit distribution rights. Therefore, the actual 2024 profit
distribution plan of the Company is as follows: Based on the total distributable shares
of 854,643,522 shares (calculated as the Company’s total outstanding shares of
principle of "fixed total cash dividend amount", the Company shall distribute a cash
dividend of RMB 7.191400 per 10 shares (including taxes) to all shareholders.
the proposal on dividend distribution approved at the Shareholders’ Meeting, after
deducting the number of shares in the Company's repurchase account, the
distribution ratio was adjusted accordingly in accordance with the principle of ‘fixed
cash dividend amount’.
from the date when the shareholders’ meeting approved it.
II. Proposal on Dividend Distribution
The proposal on dividend distribution of the Company for the year 2024 is as follows:
based on the Company's existing total share capital of 854,643,522 shares after
deducting 8,570,478 repurchased shares, a cash dividend of RMB 7.191400 (including
tax) per 10 shares is to be distributed to shareholders. After tax, qualified foreign
institutional investors (QFII and RQFII) holding the Company’s A-shares, individual
shareholders and securities investment funds holding the Company’s pre-IPO limited
tradable A-shares will receive a cash dividend of RMB 6.472260 per 10 shares.
Individual shareholders holding the Company’s post-IPO limited tradable A-shares,
equity incentive limited tradable A-shares or unlimited tradable A-shares will receive
their dividends at differentiated tax rate, i.e., receive a cash dividend of RMB 7.191400
per 10 shares firstly and pay taxes per actual shareholding period in case investors reduce
their holdings of shares after equity record day (Note). Regarding the tax on dividends
of securities investment funds holding the Company’s post-IPO limited tradable A-
shares, equity incentive limited tradable A-shares or unlimited tradable A-shares, Hong
Kong investors will pay tax at 10% of tax rate, and domestic investors will pay tax at
differentiated tax rate. Non-resident enterprise shareholders holding the Company’s B-
shares and individual shareholders holding the Company’s pre-IPO limited tradable B-
shares will receive an after-tax cash dividend of RMB 6.472260 per 10 shares. Domestic
and foreign individual shareholders holding the Company’s unlimited tradable B-shares
will receive their dividends at differentiated tax rate, i.e., receive a cash dividend of RMB
investors reduce their holdings of shares after equity record day.
Note: shareholding period will be counted on securities account and apply “First-In,
First-Out”. Regarding the shareholding period within one month (including one month),
the shareholder will pay extra tax of RMB 1.438280 per 10 shares when selling the
shares; regarding the shareholding period between over one month and one year
(including one year), the shareholder will pay extra tax of RMB 0.719140 per 10 shares;
regarding the shareholding period over one year, there is no extra tax payment.
Special statement: as the Company is a joint venture, the foreign individual shareholders
may temporarily be exempt from dividend income tax.
The cash dividend paid to the shareholders holding B shares shall be paid in Hong Kong
Dollars converted at HKD 1.00 = RMB 0.9130, being the middle rate of the exchange
rates between HK dollar and RMB quoted by the People’s Bank of China on the first
business day (June 25, 2025) immediately after the relevant resolutions were passed at
the Company’s Shareholders’ Meeting. The tax to be paid by the individual shareholders
holding B shares withheld in the future shall be converted according to the
aforementioned exchange rate.
III. Equity Record Date and Ex-dividend Date
Ex-dividend date: August 20, 2025.
Ex-dividend date: August 20, 2025;
Equity record date for B shares: August 22, 2025.
IV. Beneficiaries
Depository and Clearing Corporation, Ltd., Shenzhen Branch, as of the afternoon
closing of Shenzhen Stock Exchange on August 19, 2025.
Depository and Clearing Corporation, Ltd., Shenzhen Branch, as of the afternoon
closing of Shenzhen Stock Exchange on August 22, 2025 (the last trading date is
August 19, 2025).
V. Distribution Methods
Depository and Clearing Corporation, Ltd., Shenzhen Branch to distribute, will be
remitted directly to the shareholders’ accounts through their authorized brokers on
August 20, 2025.
Depository and Clearing Corporation, Ltd., Shenzhen Branch to distribute, will be
remitted directly to the shareholders’ accounts through their authorized brokers or
custodian banks on August 22, 2025. If a B-share holder changes his/her custodian
on August 22, 2025, he/she shall still receive the dividend from the former custodian.
Ltd.
During the application period for equity distribution business (application date: August
China Securities Depository and Clearing Corporation, Ltd., Shenzhen Branch to
distribute is insufficient due to the reduction of shares in the securities account of the
shareholders whose dividend distributed by the Company directly, all the legal liabilities
and consequences shall be borne by the Company.
VI. Adjustment of relevant parameters
Following the implementation of this profit distribution, the cash dividend per share
calculated based on the Company's total share capital is as follows: Actual total cash
dividend = Actual share capital participating in the cash dividend × Dividend amount
per 10 shares after excluding repurchased shares / 10 shares = 854,643,522 shares ×
RMB 7.191400/10 shares = RMB 614,608,342.41 (the difference between the actual
total cash dividend amount and the total cash dividend amount approved by the
shareholders' meeting is due to the fact that, after excluding the Company's repurchased
shares, the calculation of the cash dividend amount per 10 shares was rounded to six
decimal places); Since the Company's repurchased shares do not participate in dividend
distribution, after the implementation of this profit distribution, in accordance with the
principle of unchanged stock market value, the Company's total share capital remains
unchanged before and after the actual profit distribution, and the proportion of the total
cash dividend distributed per share will decrease. Therefore, when calculating the ex-
rights and ex-dividends price after the implementation of this profit distribution, the
reference prices per share after ex-rights and ex-dividends, calculated based on the total
share capital of the Company's A-shares and B-shares respectively, are as follows:
The total amount of cash dividends distributed for A-shares (including taxes) = the actual
number of A-shares participating in this rights distribution (excluding repurchased
shares) × the actual cash dividend per share = 510,643,522 shares × RMB 0.71914 per
share (including taxes) = RMB 367,224,182.41 (including taxes). The cash dividend
(including tax) per 10 shares calculated based on the Company's A-share capital
(including repurchased shares) = the total amount of cash dividends distributed for A-
shares ÷ A-share capital (including repurchased shares) × 10, i.e., RMB 7.072694
(including tax) = RMB 367,224,182.41 (including tax) ÷ 519,214,000 shares × 10. After
the implementation of this dividend distribution, in accordance with the principle of
unchanged stock market value, the total share capital of the Company remains
unchanged before and after the dividend distribution. The A-share ex-rights and ex-
dividends price = the closing price of A-shares on the equity record date – RMB
The cash dividend for Company B-shares is RMB 7.1914 per 10 shares (equivalent to
HKD 7.8767 per 10 shares, with an exchange rate of HKD: RMB = 1:0.9130). After the
implementation of this dividend distribution, the ex-rights and ex-dividends price for B-
shares = the closing price of B-shares on the last trading day - HKD 0.78767 per share.
VII. Other Explanation
If there is a case in which the dividend held by a B-share holder was withheld income
tax but the shareholder is not a domestic individual or non-resident enterprise, please
contact the Company before September 22, 2025 (including the day) and provide
relevant materials for screening. Upon confirmation, the Company will assist in the
refund of the taxes withheld.
VIII. Consulting Institute: Securities Department, Jiangling Motors Corporation, Ltd.
Address: No.2111, middle Yingbin Avenue, Nanchang County, Nanchang City, Jiangxi
Province, P.R.C.
Tel: 0791-85266178
Fax: 0791-85232839
Contact person: Quan Shi, Wan Xianke
IX. Documents for reference
China Securities Depository and Clearing Corporation Limited, Shenzhen Branch.
The announcement is hereby published.
Board of Directors
Jiangling Motors Corporation, Ltd.
August 14, 2025
