The Board of China Flavors and Fragrances Company Limited has proposed the payment of a final dividend for the year ended 31 December 2018 by way of cash with an option to elect, on a separate basis, to receive wholly or partly an allotment and issue of scrip shares in lieu of cash payment, equivalent to HKD 0.034 (2017: HKD 0.03, with a scrip dividend option) per share to shareholders whose names appear on the register of members of the Company on 22 May 2019, which is subject to the approval by shareholders at the annual general meeting to be held on 10 May 2019.