Securities code: 688020 securities abbreviation: Guangzhou Fangbang Electronics Co.Ltd(688020) Announcement No.: 2022-009
Guangzhou Fangbang Electronics Co.Ltd(688020)
Announcement of profit distribution plan in 2021
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
Important content: distribution proportion per share:
Cash dividend of 0.1875 yuan (including tax) per share of a shares.
The profit distribution is based on the total share capital on the date of equity distribution registration, and the specific date will be specified in the announcement of equity distribution implementation. If the total share capital of the company changes before the equity registration date of equity distribution, it is proposed to maintain the total distribution unchanged, adjust the distribution proportion per share accordingly, and make a separate announcement on the specific adjustment.
1、 Contents of profit distribution plan
Audited by Daxin Certified Public Accountants (special general partnership), as of December 31, 2021, Guangzhou Fangbang Electronics Co.Ltd(688020) (hereinafter referred to as “the company”) had undistributed profits of RMB 416566198.00. According to the resolution of the board of directors, the company plans to distribute profits based on the total share capital registered on the date of equity distribution in 2021. The profit distribution plan is as follows:
The company plans to distribute a cash dividend of 1.875 yuan (including tax) to all shareholders for every 10 shares. As of December 31, 2021, the total share capital of the company is 80000000 shares. Based on this calculation, the total cash dividend to be distributed is 15000000 yuan (including tax), accounting for 39.65% of the net profit attributable to shareholders of Listed Companies in the consolidated statements of the company in 2021. The company does not convert the capital reserve into share capital and does not give bonus shares.
If the total share capital of the company changes from the date of disclosure of this announcement to the date of equity distribution and equity registration, due to the conversion of convertible bonds into shares / repurchase of equity / share incentive grant, share repurchase and cancellation / major asset restructuring, share repurchase and cancellation, the company plans to maintain the total distribution unchanged and adjust the distribution proportion per share accordingly. In case of subsequent changes in the total share capital, the specific adjustment will be announced separately.
The profit distribution plan needs to be submitted to the general meeting of shareholders for deliberation.
2、 Decision making procedures performed by the company
(I) convening, deliberation and voting of the board meeting
The company held the first meeting of the third board of directors on February 16, 2022, deliberated and passed the proposal on the company’s profit distribution plan in 2021, agreed to the profit distribution plan and submitted the plan to the company’s 2021 annual general meeting for deliberation.
(II) opinions of independent directors
All independent directors of the company believe that:
1. Based on the long-term and sustainable development, based on the comprehensive analysis of the industry business environment, the company’s business conditions, regulatory policies and other factors, the company has fully considered the current and future business development, profit scale, investment capital demand, solvency and other conditions, and formulated the annual profit distribution plan for 2021.
2. The decision-making procedure and mechanism of the company’s annual profit distribution plan in 2021 are complete, the dividend standard and proportion are clear and clear, in line with the provisions of the articles of association and relevant review procedures, and fully protect the legitimate rights and interests of small and medium-sized investors. There is no obvious unreasonable situation such as arbitrage by major shareholders and the situation that relevant shareholders abuse shareholders’ rights to improperly intervene in the company’s decision-making. It is agreed to submit it to the general meeting of shareholders for deliberation.
(III) opinions of the board of supervisors
The company held the first meeting of the third session of the board of supervisors on February 16, 2022, at which the proposal on the company’s 2021 annual profit distribution plan was deliberated and adopted. The board of supervisors held that the company’s 2021 annual profit distribution plan fully considered various factors such as the company’s profitability, cash flow status and capital demand, and there was no situation damaging the interests of minority shareholders, It conforms to the current operation situation of the company and is conducive to the sustainable, stable and healthy development of the company. Agree to this profit distribution plan and submit it to the 2021 annual general meeting of shareholders of the company for deliberation.
3、 Relevant risk tips
(I) analysis of the impact of cash dividends on the company’s earnings per share, cash flow and production and operation
This profit distribution plan combines the company’s development stage, future capital demand and other factors, and will not have a significant impact on the company’s operating cash flow, nor will it affect the company’s normal operation and long-term development.
(II) description of other risks
The 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.
It is hereby announced.
Guangzhou Fangbang Electronics Co.Ltd(688020) board of directors February 17, 2022
