Securities code: 002984 securities abbreviation: Qingdao Sentury Tire Co.Ltd(002984) Announcement No.: 2022-024
Bond Code: 127050 bond abbreviation: Qilin convertible bond
Qingdao Sentury Tire Co.Ltd(002984)
Announcement of profit distribution plan in 2021
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records
Contains, misleading statements or material omissions.
Qingdao Sentury Tire Co.Ltd(002984) (hereinafter referred to as “the company”) held the third meeting of the third board of directors and the third meeting of the third board of supervisors on February 14, 2022, and deliberated and adopted the proposal on profit distribution plan in 2021. This proposal needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation. Now the relevant matters are announced as follows:
1、 Basic information of profit distribution plan
According to the standard unqualified annual audit report 2021 issued by ShineWing Certified Public Accountants (special general partnership), the company realized a net profit of 753358567.99 yuan attributable to the shareholders of the listed company in 2021, and the profit available for distribution in the consolidated statement at the end of 2021 was 3291539994.35 yuan; The parent company realized a net profit of 208514147.06 yuan in 2021. After the statutory surplus reserve of 20851414.71 yuan was withdrawn in accordance with the provisions of the articles of association, the profit available for distribution to shareholders of the parent company at the end of 2021 was 646909791.94 yuan.
In combination with the company’s profit status, the characteristics of the current industry, future cash flow status, capital demand and other factors, on the premise of conforming to the principle of profit distribution and ensuring the normal operation and long-term development of the company, in order to better take into account short-term income and long-term interests, the company plans to take the total share capital of 649668940 shares as of December 31, 2021 as the base, Profit distribution shall be made to all shareholders in cash. Cash dividends of 1.7 yuan (including tax) shall be distributed for every 10 shares. No shares shall be distributed, and no accumulation fund shall be converted into share capital. The total amount of cash dividends distributed is 110.4437 million yuan (including tax), and the remaining undistributed profits shall be carried forward for annual distribution in the future.
From the announcement of this distribution plan to the date of equity distribution and equity registration, if the total share capital of the company changes due to the conversion of convertible bonds into shares, share repurchase, equity incentive exercise, refinancing and listing of new shares, the company plans to maintain the distribution proportion per share unchanged and adjust the total distribution accordingly. In case of subsequent changes in the total share capital, the specific adjustment will be announced separately.
The profit distribution plan comprehensively considers the company’s profitability, business development and reasonable return to shareholders, and will not have a significant impact on the company’s operating cash flow and the normal operation and development of the company, Comply with the relevant provisions of the company law, the notice on further implementing matters related to cash dividends of listed companies, the guidelines for the supervision of listed companies No. 3 – cash dividends of listed companies, the articles of association and the shareholder return plan for the next three years (2021-2023).
2、 Review procedures and relevant opinions for implementation
(I) deliberation of the board of directors of the company
On February 14, 2022, the third meeting of the third board of directors of the company deliberated and approved the proposal on profit distribution plan in 2021, and agreed to submit the proposal to the general meeting of shareholders of the company for deliberation.
(II) opinions of the board of supervisors of the company
On February 14, 2022, the third meeting of the third session of the board of supervisors of the company deliberated and adopted the proposal on the profit distribution plan of 2021. The board of supervisors held that the profit distribution plan of the company complies with the relevant provisions of laws, regulations and the articles of association, does not harm the interests of all shareholders, especially small and medium-sized shareholders, and is in line with the development plan of the company. It is agreed to submit the profit distribution plan to the general meeting of shareholders for deliberation.
(III) opinions of independent directors of the company
The profit distribution plan of the company complies with the requirements of the company law, accounting standards for business enterprises, notice on further implementation of matters related to cash dividends of listed companies, regulatory guidelines for listed companies No. 3 – cash dividends of listed companies and the articles of association, complies with the company’s profit distribution policy, and fully considers the interests and reasonable demands of the majority of investors, It matches the company’s business performance and future development, conforms to the company’s development plan, and does not damage the interests of minority shareholders. We agree to the proposal on profit distribution plan for 2021 and agree to submit the proposal to the general meeting of shareholders of the company for deliberation.
3、 Relevant risk tips
The profit distribution plan comprehensively considers the company’s profitability, business development and reasonable return to shareholders, and will not have a significant impact on the company’s operating cash flow and the normal operation and development of the company.
This profit distribution plan can only be implemented after being submitted to the 2021 annual general meeting of shareholders of the company for deliberation and approval. Please pay attention to the investment risks.
4、 Documents for future reference
1. Resolutions of the third meeting of the third board of directors;
2. Resolutions of the third meeting of the third board of supervisors; 3. Independent opinions of independent directors on matters related to the third meeting of the third board of directors of the company. It is hereby announced.
Qingdao Sentury Tire Co.Ltd(002984) board of directors February 15, 2022
