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    1763   CNE1000031F4

CHINA ISOTOPE & RADIATION CORPORATION

(1763)
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China Isotope & Radiation : POLL RESULTS OF THE ANNUAL GENERAL MEETING AND DISTRIBUTION OF FINAL DIVIDEND

05/13/2021 | 03:04am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

CHINA ISOTOPE & RADIATION CORPORATION

中 國 同 輻 股 份 有 限 公 司

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1763)

POLL RESULTS OF THE ANNUAL GENERAL MEETING AND

DISTRIBUTION OF FINAL DIVIDEND

Reference is made to the notice of the AGM of China Isotope & Radiation Corporation (the "Company") dated 9 April 2021 (the "AGM Notice"). Capitalised terms used herein shall have the same meanings as defined in the AGM Notice.

The Board is pleased to announce the poll results of the AGM held at 9:30 a.m. on Wednesday, 12 May 2021 at Room 305, 3/F, No. 66 Changwa Middle Street, Haidian District, Beijing, China. The AGM was legally and validly convened in compliance with the requirements of the Company Law and the Articles, and was chaired by Mr. Liu Zhonglin, a non-executive Director and the vice chairman of the Board. All the resolutions set out in the AGM notice were voted by way of poll as required under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

ATTENDANCE OF THE AGM

As at the date of the AGM, the total number of Shares entitling the holders to attend and vote for or against the resolutions was 319,874,900 Shares, which was divided into 79,968,800 H Shares and 239,906,100 Domestic Shares. The Shareholders in attendance either in person or by proxy at the AGM held a total of 264,551,070 Shares, representing approximately 82.704542% of the Company's total number of issued Shares with voting rights.

According to the Listing Rules, no shareholder was required to abstain from voting in connection with the proposals considered at the meeting. The Company was not aware of any parties indicating their intention to vote against any of the resolutions proposed at the meeting. None of our shareholders was entitled to attend and abstain from voting in favour as set out in Rule 13.40 of the Listing Rules.

1

POLL RESULTS OF THE AGM

At the AGM, the following resolutions were considered and approved by way of poll, and the poll results of these resolutions are as follows:

Number of votes cast and approximate percentage

Ordinary resolutions

of total number of votes cast

For

Against

Abstain

1.

To consider and approve the 2020 report of the

264,550,746

0

324

Board.

(99.999878%)

(0.000000%)

(0.000122%)

2.

To consider and approve the 2020 report of the

264,550,746

0

324

board of supervisors of the Company.

(99.999878%)

(0.000000%)

(0.000122%)

3.

To consider and approve the 2020 final

264,550,746

0

324

accounts of the Company.

(99.999878%)

(0.000000%)

(0.000122%)

4.

To consider and approve the 2021 financial

246,262,632

18,288,438

0

budget plan of the Company.

(93.086991%)

(6.913009%)

(0.000000%)

5.

To consider and approve the proposed

264,551,070

0

0

declaration and distribution of a final

(100.000000%)

(0.000000%)

(0.000000%)

dividend in the amount of RMB0.1803 per

share (inclusive of tax) for the year ended 31

December 2020.

6.

To consider and approve the resolution on the

264,551,070

0

0

remuneration of the independent non-executive

(100.000000%)

(0.000000%)

(0.000000%)

directors of the Company: independent non-

executive directors Ms. Chen Jingshan and

Mr. Lu Chuang's annual remuneration is

RMB150,000 each, and independent non-

executive director Mr. Hui Wan Fai's annual

remuneration is HKD180,000.

As not less than one-half of the votes were cast in favour of each of resolutions numbered 1 to 6, these resolutions were duly passed as ordinary resolutions of the Company.

In compliance with the requirements of the Listing Rules, Computershare Hong Kong Investor Services Limited, the Company's H share registrar, acted as scrutineer for the vote-taking at the AGM.

2

DISTRIBUTION OF THE FINAL DIVIDEND

The proposal for the payment of a final dividend of RMB0.1803 per Share (inclusive of tax) totaling RMB57,673,444.47 (inclusive of tax) for the year ended 31 December 2020 to the Shareholders was approved at the AGM. It is expected that the Final Dividend will be paid in RMB to holders of Domestic Shares and in HKD to holders of H Shares before Monday, 26 July, 2021. Dividend payable in HKD will be converted from RMB based on the average median price of the exchange rate for HKD to RMB as quoted by the People's Bank of China for the five business days immediately preceding the date of the AGM (inclusive) (being HKD1.00 to RMB0.8304), amounting to a cash dividend of HKD0.2171 per Share (inclusive of tax).

In order to determine the Shareholders who are entitled to the Final Dividend, the register of members of the Company will be closed from Thursday, 20 May 2021 to Tuesday, 25 May 2021 (both days inclusive), during which no transfer of Shares will be registered. Shareholders whose names appear on the register of members on Tuesday, 25 May 2021 will be entitled to receive the Final Dividend. To be eligible for the Final Dividend, all transfer documents accompanied by the relevant share certificates must be lodged with (in respect of holders of H Shares) the Company's H Share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong or, (in respect of holders of Domestic Shares) the Company's registered office at Room 418, South 4th Floor, Building 1, No. 66 Changwa Middle Street, Haidian District, Beijing, China, for registration no later than 4:30 p.m. on Tuesday, 18 May 2021.

THE WITHHOLDING AND PAYMENT OF INCOME TAX FOR NON-RESIDENT ENTERPRISE HOLDERS AND INDIVIDUAL HOLDERS OF H SHARES IN RESPECT OF THE FINAL DIVIDEND

Pursuant to the "PRC Individual Income Tax Law" ( 中華人民共和國個人所得稅法》), the "Implementation Regulations of the PRC Individual Income Tax Law" ( 中華人民共和國個 人所得稅法實施條例》), the "Notice on the Issues Concerning Collection and Management of

Individual Income Tax after the Repeal of Guo Shui Fa 1993 No. 045 Document" (Guo Shui Han

2011 No. 348)( 關於國稅發 [1993] 045號文件廢止後有關個人所得稅徵管問題的通知》(國稅

[2011] 348)) issued by the State Administration of Taxation on 28 June 2011, other relevant laws and regulations and the relevant rules promulgated by the State Administration of Taxation, the Company will withhold and pay the individual income tax in respect of the dividend (bonus) received by the individual holders of H Shares. However, the individual holders of H Shares may be entitled to relevant preferential tax treatment pursuant to the provisions in the tax agreements entered into between the countries where they are residents and the PRC or the tax arrangements between the PRC and Hong Kong (or Macau). In this regard, the Company will implement the following arrangements in relation to the withholding and payment of the Final Dividend as individual income tax for the individual holders of H Shares:

  • for individual holders of H Shares who are Hong Kong or Macau residents or whose country
    (region) of domicile is a country (region) which has entered into a tax treaty with the PRC stipulating a tax rate of 10%, the Company will withhold and pay individual income tax at the rate of 10% on behalf of the individual holders of H Shares when distributing the Final Dividend;
  • for individual holders of H Shares whose country (region) of domicile is a country (region) which has entered into a tax treaty with the PRC stipulating a tax rate of less than 10%, the Company will temporarily withhold and pay individual income tax at the rate of 10% on behalf of the individual holders of H Shares when distributing the Final Dividend;

3

  • for individual holders of H Shares whose country (region) of domicile is a country (region) which has entered into a tax treaty with the PRC stipulating a tax rate of more than 10% but less than 20%, the Company will withhold and pay individual income tax at the effective tax rate stipulated in the relevant tax treaty when distributing the Final Dividend; and
  • for individual holders of H Shares whose country (region) of domicile is a country (region) which has entered into a tax treaty with the PRC stipulating a tax rate of 20%, or a country (region) which has not entered into any tax treaties with the PRC, or under any other circumstances, the Company will withhold and pay individual income tax at the rate of 20% on behalf of the individual holders of H Shares when distributing the Final Dividend.

If the domicile of individual holders of H Shares is not the same as the registered address, the individual holders of H Shares shall notify the H Share registrar of the Company, Computershare Hong Kong Investor Services Limited, and provide relevant supporting documents by 4:30 p.m. on Tuesday, 18 May 2021 at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong. If the individual holders of H Shares would like to apply for a refund of the excessive amount of tax withheld and paid, the individual holders of H Shares shall notify and provide relevant supporting documents to the Company before 26 July 2021. Upon examination of the supporting documents by the relevant tax authorities, the Company will follow the guidance given by the tax authorities to implement relevant tax withholding and payment provisions and arrangements. Individual holders of H Shares may either personally or appoint a representative to attend to the procedures in accordance with the requirements under the tax treaty notice if they do not provide the relevant supporting documents to the Company within the time period stated above.

For non-resident enterprise holders of H Shares, the Company will withhold and pay enterprise income tax at the tax rate of 10% on behalf of such holders of H Shares pursuant to the Notice of the State Administration of Taxation on the Issues Concerning Withholding the Enterprises Income

Tax on the Dividends Paid by Chinese Resident Enterprises to H Share Holders Who Are Overseas Non-resident Enterprises (Guo Shui Han 2008 No.897) ( 國家稅務總局關於中國居民企業向境外

  1. 股非居民企業股東派發股息代扣代繳企業所得稅有關問題的通知》(國稅函 [2008] 897)).

Should the shareholders have any doubt in relation to the aforesaid arrangements, they may consult their tax advisors about the relevant tax impact in the PRC, Hong Kong and other countries (regions) on the possession and disposal of the H Shares.

By order of the Board

China Isotope & Radiation Corporation

Meng Yanbin

Chairman

Beijing, the PRC, 12 May 2021

As at the date of this announcement, the Board comprises Mr. Meng Yanbin, Mr. Wang Suohui and Mr. Du Jin as executive Directors; Mr. Liu Zhonglin, Mr. Chen Shoulei, Ms. Chang Jinyu and Ms. Liu Xiuhong as non-executive Directors; and Mr. Hui Wan Fai, Mr. Tian Jiahe, Ms. Chen Jingshan and Mr. Lu Chuang as independent non-executive Directors.

4

Disclaimer

China Isotope & Radiation Corporation published this content on 12 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2021 07:03:02 UTC.


© Publicnow 2021
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Sales 2021 5 117 M 801 M 801 M
Net income 2021 359 M 56,2 M 56,2 M
Net Debt 2021 - - -
P/E ratio 2021 16,1x
Yield 2021 0,89%
Capitalization 5 780 M 905 M 905 M
Capi. / Sales 2021 1,13x
Capi. / Sales 2022 0,94x
Nbr of Employees 2 986
Free-Float 87,8%
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Number of Analysts 2
Last Close Price 18,07 CNY
Average target price 28,13 CNY
Spread / Average Target 55,7%
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