Securities code: 688021 securities abbreviation: Aofu Environmental Technology Co.Ltd(688021) Announcement No.: 2022-019 Aofu Environmental Technology Co.Ltd(688021)
Announcement of profit distribution plan for 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 tips:
● distribution ratio per share: cash dividend of 2.6 yuan (including tax) for every 10 shares. The company does not give bonus shares and does not transfer capital reserve to increase.
● the profit distribution is based on the total share capital registered on the equity distribution registration date, and the specific date will be specified in the equity distribution implementation announcement.
● if the total share capital of the company changes before the equity registration date of equity distribution, it is proposed to keep the total distribution unchanged, adjust the distribution proportion per share accordingly, and announce the specific adjustment separately.
1、 Contents of profit distribution plan
Audited by Rongcheng Certified Public Accountants (special general partnership), the net profit of Aofu Environmental Technology Co.Ltd(688021) (hereinafter referred to as "the company") attributable to the shareholders of the parent company in 2021 was 65824900.64 yuan; As of December 31, 2021, the company's profit available for distribution at the end of the period was 227529234.96 yuan. According to the resolution of the ninth meeting of the third 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 2.6 yuan (including tax) to all shareholders for every 10 shares. As of December 31, 2021, the total share capital of the company is 77283584 shares. Based on this calculation, the total cash dividend to be distributed is 20093731.84 yuan (including tax). In 2021, the company's cash dividends accounted for 30.53% of the net profit attributable to the shareholders of the parent company this year. If the total share capital of the company changes due to the conversion of convertible bonds into shares / share repurchase / share incentive grant share repurchase and cancellation / major asset restructuring share repurchase and cancellation between the date of passing this proposal and the date of equity distribution and equity registration, the company plans to maintain the total distribution unchanged, adjust the distribution proportion per share accordingly, and will announce the specific adjustment separately.
2、 Decision making procedures performed by the company
(I) convening, deliberation and voting of the board meeting
The company held the 9th meeting of the third board of directors on February 24, 2022, deliberated and passed the proposal on profit distribution of the company in 2021, agreed to the profit distribution plan and agreed to submit the plan to the 2021 annual general meeting of shareholders of the company for deliberation.
(II) opinions of independent directors
After verification, we believe that the profit distribution plan of the company complies with the relevant provisions of laws, regulations, normative documents and the articles of association. It is based on the actual situation of the company, based on the objective judgment of the actual operation of the company in 2021 and the business needs of the company in 2022, and can take into account the reasonable return of investors and the sustainable development of the company, It meets the long-term development needs of the company and the long-term interests of all shareholders, including minority shareholders. There is no situation that damages the interests of minority shareholders. The deliberation and voting procedures of profit distribution plan comply with the provisions of relevant laws, regulations, normative documents and the articles of association. Agree to submit to the general meeting of shareholders for deliberation.
(III) opinions of the board of supervisors
The company held the 8th meeting of the 3rd board of supervisors on February 24, 2022, which deliberated and passed the proposal on the company's profit distribution in 2021. The board of supervisors considered that the company's profit distribution plan in 2021 fully considered various factors such as the company's profitability, cash flow status and capital demand, and there was no damage to the interests of minority shareholders, which was in line with the current operation situation of the company, It 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
The company's annual profit distribution plan for 2021 combines the company's development, future capital demand and other factors, and will not have an adverse impact on the company's cash flow from operating activities, nor will it affect the company's normal operation and long-term development.
The company's 2021 annual profit distribution plan shall not be implemented until it is submitted to the company's 2021 annual general meeting for deliberation and approval.
It is hereby announced.
Aofu Environmental Technology Co.Ltd(688021) board of directors
February 26, 2022
