The Shanghai Stock Exchange issued a notice on February 2. If a listed company is affected by the epidemic situation and it is expected that it is difficult to disclose the 2019 annual report on the original appointment date, it can apply to the regulatory department of the Shanghai stock exchange for an extension to April 30. If the listed company is affected by the epidemic situation and it is expected that it is difficult to disclose the 2019 annual report or the first quarter report of 2020 within the statutory disclosure period (April 30), please contact the regulatory department of SSE to report the relevant situation; SSE will, according to the unified deployment of CSRC, study and determine the relevant response arrangements. If, due to the impact of the epidemic, the listed company is expected to be unable to disclose the performance forecast before the end of January as required or the listed company on STAR Market is expected to be unable to disclose the performance express before the end of February as required, it may apply to the regulatory department of the SSE for an extension. If, due to the impact of the epidemic situation, the listed company is unable to update the financial information or issue the notice of the general meeting of shareholders on schedule in the process of planning the M&A and reorganization, it can apply for the extension of the validity period of the financial information or the extension of the notice time of the general meeting of shareholders for one month after fully disclosing the specific impact of the epidemic situation on the reorganization, and can apply for the extension of three times at most.

Zeng Bo, a member of the Economic Committee of the Central Committee of the Democratic Revolution and chairman of Shenzhen Guorong, believes that it is very difficult to complete the audit of the annual report before April 30, 2020. In order to ensure the audit quality, it is strongly recommended to extend the deadline of 2019 annual report disclosure to June 30, 2020.

The pattern of dividend distribution：

（1）Usually the AGM will be held within 2 months after annual report disclosed;

（2）The annual report always published before the end of April every year;

（3）There will be an announcement one month before the AGM;

（4）After AGM, a firm would usually distribute dividend in 1 to 2 weeks

（5）All annual report dividends are usually distributed before the end of Aug.；

So the delay of the annual report disclosure may influence the dividend distribution this year.