On February 28, Gree Electric Appliances Inc.Of Zhuhai(000651) announced that Dong Mingzhu was re elected as the new chairman of the company; In addition, Gree Electric Appliances Inc.Of Zhuhai(000651) shareholder return plan for the next three years (20222024) was also approved, and Dong Mingzhu will start a new three-year term in Gree Electric Appliances Inc.Of Zhuhai(000651) . As of the closing on February 28, Gree Electric Appliances Inc.Of Zhuhai(000651) closed at 36.77 yuan / share, down 1.08%.
The term of office of Gree Electric Appliances Inc.Of Zhuhai(000651) the 11th board of directors, which began in January 2019, has expired. On February 28, Gree Electric Appliances Inc.Of Zhuhai(000651) held an extraordinary general meeting of shareholders to elect the board of directors. Among them, Dong Mingzhu, Zhang Wei, Deng Xiaobo, Zhang Jundu and Guo shuzhan were elected as non independent directors of the 12th board of directors of the company. Liu Shuwei, Wang Xiaohua, Xing Ziwen and Zhang Qiusheng were elected as independent directors of the 12th board of directors of the company.
The 12th board of directors of Mingzhu company appointed Mingzhu as the president of the company. It means that Dong Mingzhu is re elected smoothly. The board of directors appointed Deng Xiaobo, Zhuang Pei, Tan Jianming, Shu Lizhi and Fang Xiangjian as vice presidents of the company; Appoint Deng Xiaobo as the Secretary of the board of directors of the company; Appoint Liao Jianxiong as the financial director of the company.
The shell finance reporter of the Beijing News noted that in January 2019, Gree Electric Appliances Inc.Of Zhuhai(000651) elected the 11th board of directors, including Dong Mingzhu, Huang Hui, Wang Jingdong, Zhang Wei, Zhang Jundu and Guo shuzhan as non independent directors, and Liu Shuwei, Xing Ziwen and Wang Xiaohua as independent directors. However, Secretary Wang Jingdong resigned in August 2020 and CEO Huang Hui also resigned in February 2021. In December 2020, Deng Xiaobo served as vice president and Secretary of the company.
It can be seen from the announcement that Gree Electric Appliances Inc.Of Zhuhai(000651) the non independent directors of the 12th board of directors decreased by one seat, while the independent directors increased by one seat. Liu Shuwei, Wang Xiaohua and Xing Ziwen were re elected, while Zhang Qiusheng was the newly elected independent director. Zhang Qiusheng is currently a professor in the school of economics and management of Beijing Jiaotong University, President of the National Institute of transportation development, director of the Research Center for mergers and acquisitions of Chinese enterprises, and Jinneng Holding Shanxi Coal Industry Co.Ltd(601001) independent director.
Previously, Gree Electric Appliances Inc.Of Zhuhai(000651) announced that the company formulated the shareholder return plan for the next three years (20222024) by comprehensively considering the enterprise profitability, business development plan, shareholder return and other factors. The company will make profit distribution twice a year from 2022 to 2024, i.e. annual profit distribution and medium-term profit distribution. On the premise that the company’s cash flow meets the company’s normal operation and long-term development, the total annual cumulative cash dividends of the company from 2022 to 2024 shall not be less than 50% of the net profit of the year.
On February 28, Gree Electric Appliances Inc.Of Zhuhai(000651) shareholders’ meeting deliberated and approved the return plan for shareholders in the next three years (20222024). The reporter of shell finance and economics noted that Gree Electric Appliances Inc.Of Zhuhai(000651) 2.42 billion yuan of cash was distributed in 2020, 7.219 billion yuan in 2019 and 12.633 billion yuan in 2018. According to “the total amount of the company’s annual cumulative cash dividends from 2022 to 2024 shall not be less than 50% of the net profit of that year”, and based on the current growth rate of Gree Electric Appliances Inc.Of Zhuhai(000651) performance, the total amount of Gree Electric Appliances Inc.Of Zhuhai(000651) dividends in the next three years shall not be less than 30 billion yuan.
In addition to the “big red envelope” for re-election, Gree Electric Appliances Inc.Of Zhuhai(000651) also confirmed the interim dividend of 2021 for shareholders after the Spring Festival of the year of the tiger. On February 14, Gree Electric Appliances Inc.Of Zhuhai(000651) announced that the company realized a net profit of 7.888 billion yuan (Unaudited) in the first half of 2021, and the profit available for distribution to shareholders was 59.671 billion yuan (Unaudited) as of June 30, 2021. The company temporarily distributed a cash dividend of 10 yuan (including tax) to all shareholders for every 10 shares, without bonus shares, and did not convert the accumulation fund into share capital, with a total cash dividend of 5.537 billion yuan.
