Announcement on Dividend

RNS Number : 7436R

Datang Intl Power Generation Co Ld

06 May 2009

 



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.

DATANG INTERNATIONAL POWER GENERATION CO., LTD

(a sino-foreign joint stock limited company incorporated in the People's Republic of China)

(Stock Code: 991)

ANNOUNCEMENT ON DIVIDEND AND DISTRIBUTION

INDICATIVE ANNOUNCEMENT IN RELATION TO THE WITHHOLDING AND PAYMENT OF PRC ENTERPRISE INCOME TAX FOR NON-RESIDENT LEGAL PERSONS IN RESPECT OF 2008 DIVIDEND

Pursuant to the 'Enterprise Income Tax Law of the People's Republic of China' and the 'Detailed Rules for the Implementation of the Enterprise Income Tax Law of the People's Republic of China', enterprise income tax at a rate of 10% is applicable to dividends payable to shareholders of the Company who are 'non-resident enterprises' (as defined under the relevant tax laws, rules and regulations of the PRC).

On 30 March 2009, the board of directors of Datang International Power Generation Co., Ltd. (the 'Company') announced its proposal of distribution of cash dividend for the year ended 31 December 2008 of RMB0.11 per share (tax included) to shareholders whose names are registered on the H share register of members of the Company as at 4:30 p.m., 4 May 2009 (the 'Record Date'). The dividend will be distributed to the shareholders of the Company on or before 30 June 2009.

Pursuant to the 'Enterprise Income Tax Law of the People's Republic of China' and the 'Detailed Rules for the Implementation of the Enterprise Income Tax Law of the People's Republic of China', enterprise income tax at a rate of 10% is applicable to dividends payable to shareholders of the Company who are 'non-resident enterprises'. The Company is legally required to withhold the enterprise income tax from the dividend of RMB0.11 per share payable to 'non-resident enterprises' (including HKSCC (Nominees) Limited, corporate nominees or trustees, and other entities or organisations which are considered as 'non-resident enterprise' shareholders) whose names are registered on the H share register of members of the Company as at the Record Date. The term 'non-resident enterprises' used in this announcement has the same meaning as defined under the relevant tax laws, rules and regulations of the People's Republic of China (the 'PRC'). No enterprise income tax will be withheld by the Company for payment in respect of dividends distributed to natural persons whose names are registered on the H share register of members of the Company as at the Record Date.

Investors should read this announcement carefully. If any shareholder would like to change the identity of holders in the register of members, please enquire about the relevant procedures with the nominees or trustees. The Company has no obligation and will not be responsible for confirming the identities of its shareholders. The Company will withhold the enterprise income tax for payment in accordance with the relevant laws and requirements of the relevant governmental departments strictly basing on the record on the H share register of members of the Company as at the Record Date. The Company will owe no liability whatsoever in respect of and will not entertain any claim arising from any delay in determination of the identities of its shareholders, or inaccurate information in respect of the identities of its shareholders or any dispute over the withholding arrangements.

By Order of the Board  

Zhou Gang  

Secretary to the Board 

Beijing, the PRC, 5 May 2009

As at the date of this announcement, the directors of the Company are:Zhai Ruoyu, Hu Shengmu, Cao Jingshan, Fang Qinghai, Zhou Gang, Liu Haixia,Guan Tiangang, Su Tiegang, Ye Yonghui, Li Gengsheng, Xie Songlin*, Liu Chaoan*, 

Yu Changchun*, Xia Qing* and Li Hengyuan*.

* Independent non-executive directors

 

END

 

 

MSCIIFIFERIRIIA