CIMC-TIANDA HOLDINGS COMPANY LIMITED 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 Fire Safety Enterprise Group Limited中國消防企業集團有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 445) PROPOSED DECLARATION AND PAYMENT OF INTERIM DIVIDENDS OUT OF SHARE PREMIUM ACCOUNTThis announcement is made by China Fire Safety Enterprise Group Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.45(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") following the board of directors (the "Board") meeting held on 5 June 2015 (the "Board Meeting").
PROPOSED PAYMENT OF INTERIM DIVIDENDS OUT OF SHARE PREMIUM ACCOUNT
At the Board Meeting, the Board recommended an interim dividend of HK3 cents (the "Interim Dividends") per share of HK$0.01 each in the capital of the Company (the "Share"), subject to the approval of the shareholders of the Company (the "Shareholders") at an extraordinary general meeting ("EGM") of such payment of Interim Dividends mentioned above by way of an ordinary resolution. The Interim Dividends are intended to be paid out entirely of the share premium account (the "Share Premium Account") of the Company subject to the approval of Shareholders at the EGM and in accordance with the Companies Law of the Cayman Islands, Cap 22 (Law 3 of 1961, as consolidated and revised) of the Cayman Islands and the articles of association of the Company.
As at 31 December 2014, based on the 2014 Annual Report, the amount standing to the credit of the Share Premium Account was approximately RMB646,363,000 (equivalent to approximately HK$807,953,750). The Board proposed to use an amount of approximately RMB68,520,000 (equivalent to approximately HK$85,650,000) standing to the credit of the Share Premium Account for the payment of the Interim Dividends. Following such payment there will be a remaining balance of approximately RMB577,843,000 (equivalent to approximately HK$722,303,750) standing to the credit of the Share Premium Account.
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The Board considers it unnecessary to maintain the Share Premium Account at its current level. The Board believes that the use of approximately RMB68,520,000 (equivalent to approximately HK$85,650,000) from the Share Premium Account for the payment of the Interim Dividends is beneficial to the Company and the Shareholders as a whole.
CLOSURE OF REGISTER OF MEMBERSEntitlement to attend and vote at the EGM
In order to qualify for attending and voting at the EGM, all completed transfer forms accompanied by the relevant share certificates must be lodged with the Company's branch share registrar and transfer office in Hong Kong, Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen's Road East, Hong Kong for registration not later than 4:30 p.m. on Friday, 19 June 2015.
The register of members of the Company will be closed from Monday, 22 June 2015 to Wednesday, 24 June 2015 (both days inclusive) for determining Shareholders' entitlement to attend and vote at the EGM, during which no transfer of Shares will be registered.
Entitlement to the Interim Dividends
Subject to the approval by the Shareholders at the EGM, the Interim Dividends are expected to be payable on or around Friday, 31 July 2015 to the Shareholders whose names appear on the register of members of the Company on Tuesday, 30 June 2015, being the record date for determination of entitlement to the Interim Dividends. In order to qualify for the Interim Dividends, all completed transfer forms accompanied by the relevant share certificates must be lodged with the Company's branch share registrar and transfer office in Hong Kong, Computershare Hong Kong Investor Services Limited, at
17M Floor, Hopewell Centre, 183 Queen's Road East, Hong Kong for registration not later than 4:30 p.m. on Monday, 29 June 2015.
The register of members of the Company will be closed on Tuesday, 30 June 2015 in order to determine the Shareholders' entitlements to the Interim Dividends, during which no transfer of Shares will be registered.
Further information in relation to the distribution of the Interim Dividends and the notice convening the EGM will be contained in a circular to be despatched to the Shareholders as soon as possible.
By order of the Board
Company Secretary
Hong Kong, 5 June 2015
As at the date of this announcement, the Company's Executive Directors are Mr. Jiang Xiong, Mr. Jiang Qing, Mr. Wang De Feng, Ms. Weng Xiu Xia and Mr. Hu Yong; and the Independent Non-Executive Directors are Dr. Loke Yu, Mr. Heng Ja Wei and Ms. Sun Guo Li.
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