China Flavors And Fragrances Company Limited proposed the payment of a final dividend for the year ended 31 December 2016 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 0.03 compared to HKD 0.03 in 2015, with a scrip dividend option) per share to shareholders whose names appear on the register of members of the Company on 17 May 2017, which is subject to the approval by shareholders in the annual general meeting to be held on 8 May 2017.