Securities code: 300443 securities abbreviation: Jinlei Technology Co.Ltd(300443) Announcement No.: 2022-009 Jinlei Technology Co.Ltd(300443)
Special note on no profit distribution 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, misleading statements or major omissions.
Jinlei Technology Co.Ltd(300443) (hereinafter referred to as "the company") held the 7th Meeting of the 5th board of directors on February 25, 2022, and deliberated and adopted the proposal on profit distribution plan in 2021. The relevant matters are hereby announced as follows:
1、 Basic information of profit distribution in 2021
According to the audit of Zhitong Certified Public Accountants (special general partnership), the company's net profit attributable to the shareholders of the listed company in 2021 was 496377835.35 yuan, and the parent company's net profit in 2021 was 495895461.25 yuan. According to relevant regulations, the company does not need to withdraw surplus reserve in 2021. As of December 31, 2021, the accumulated undistributed profit of the parent company was 1670238785.52 yuan, and the accumulated undistributed profit in the consolidated statements was 1667816546.28 yuan.
In accordance with the relevant provisions of the guidelines for the supervision of listed companies No. 3 - cash dividends of listed companies and the articles of association, and taking into account the major capital arrangement plan and development plan in 2022, the board of directors of the company has formulated the profit distribution plan for 2021 as follows: no cash dividends, no bonus shares, and no conversion of capital reserve into share capital. This profit distribution plan needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation. 2、 Reasons for no profit distribution in 2021
In order to seize the development opportunities of the wind power industry, improve the comprehensive competitiveness, consolidate and enhance the leading position of the company in the industry, the company plans to invest in the construction of digital manufacturing project of offshore wind power core components, with an annual output of 400000 tons of casting capacity, which is planned to be constructed in three phases. At present, the first phase of the project has been considered and approved by the general meeting of shareholders in December 2021, and will start construction in 2022. The construction period of the project is 18 months, and the planned investment is about 2.237 billion yuan. In view of the major capital expenditure arrangement and strategic development plan in 2022, the company needs to make corresponding capital reserves to ensure the healthy and sustainable development of the company and better take into account the long-term interests of shareholders. After the study and decision of the board of directors, the company plans not to distribute cash dividends, bonus shares or convert capital reserve into share capital in 2021.
3、 Purpose and plan of undistributed profits of the company
The company's undistributed profits in 2021 will be accumulated and rolled over to the next year to meet the needs of working capital brought by the company's daily operation and project construction, and provide a reliable guarantee for the smooth implementation of the company's medium and long-term development strategy and healthy and sustainable development. In the future, the company will always pay attention to the return to investors in the form of cash dividends. In strict accordance with relevant laws and regulations and the articles of association, the company will comprehensively consider various factors related to profit distribution, strictly implement the relevant profit distribution system from the perspective of conducive to the development of the company and the return of investors, and share the achievements of the company's development with investors.
4、 Opinions of the board of directors
After deliberation, the board of Directors believes that the company's profit distribution plan for 2021 complies with the provisions of relevant laws, regulations and normative documents such as 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 actual operation and future development plan of the company, It conforms to the interests of the company and all shareholders and has legitimacy, compliance and rationality.
5、 Opinions of independent directors
The board of directors of the company has comprehensively considered the company's future development plan and capital arrangement, and the plan for no profit distribution in 2021 is in line with the actual situation of the company and the cash dividend policy specified in the articles of association. The profit distribution plan has legitimacy, compliance and rationality, does not damage the rights and interests of minority shareholders, and is conducive to the long-term development of the company, Therefore, we unanimously agree to the plan of no profit distribution in 2021 proposed by the board of directors. The plan needs to be submitted to the general meeting of shareholders of the company for deliberation.
6、 Opinions of the board of supervisors
The board of supervisors believes that the plan of no profit distribution in 2021 is made in combination with the actual operation and future development plan of the company, and there is no damage to the interests of the company and other shareholders, especially small and medium-sized shareholders, which is conducive to the normal operation and healthy development of the company. Therefore, we agree to the plan of no profit distribution this time.
It is hereby announced.
Jinlei Technology Co.Ltd(300443) board of directors
February 25, 2022
