Stock Code: 000418 200418
Stock Abbreviation: Little Swan A Little Swan B
Announcement Number: 2019-54
Wuxi Little Swan Co., Ltd. hereby issues a notice regarding the declaration and payment of dividend income tax related to the interim profit distribution. The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder:
- During the share conversion in this merger, relevant shareholders of Little Swan must declare and pay dividend income tax according to the relevant provisions of the "Notice on the Implementation of Differential Individual Income Tax Policies for Listed Company Dividend Distributions" (Cai Shui [2012] No. 85) and the "Notice on Issues Related to Differential Individual Income Tax Policies for Listed Company Dividend Distributions" (Cai Shui [2015] No. 101).
- If relevant shareholders fail to declare and pay the dividend income tax in a timely manner according to the relevant regulations, the tax liability will be borne by the shareholders themselves.
Regarding the implementation of the interim profit distribution by Wuxi Little Swan Co., Ltd. (hereinafter referred to as "the Company" or "Little Swan"), the Company disclosed the "Announcement on the Implementation of Interim Profit Distribution" on April 16, 2019. Concerning Midea Group Co., Ltd. (hereinafter referred to as "Midea Group") issuing A-shares to absorb and merge with Little Swan (hereinafter referred to as "this share conversion merger" or "this merger"), the Company disclosed several related announcements on April 26, 2019, and subsequently on April 29, 30, May 6, 7, 8, 10, 15, and May 21, 2019.
According to the plan for this share conversion merger, Midea Group, as the absorbing and implementing party, will convert the shares held by investors in Little Swan A and B into corresponding shares of Midea Group through a share conversion process. "Share conversion" refers to the conversion of shares held by investors in Little Swan A and B into the corresponding number of shares of Midea Group based on the conversion ratio determined in the merger plan.