Securities code: Cngr Advanced Material Co.Ltd(300919) securities abbreviation: Cngr Advanced Material Co.Ltd(300919) Announcement No.: 2022013 Cngr Advanced Material Co.Ltd(300919)
Announcement on 2021 profit distribution plan
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or major omissions.
Cngr Advanced Material Co.Ltd(300919) (hereinafter referred to as “the company”) held the 27th meeting of the first board of directors and the 15th meeting of the first board of supervisors on March 14, 2022. The meeting deliberated and adopted the proposal on the company’s profit distribution plan in 2021. The details are as follows:
1、 Specific contents of profit distribution plan
Audited by Tianzhi International Certified Public Accountants, the net profit attributable to the parent company in 2021 was 93895208415 yuan, the statutory surplus reserve was 6013050428 yuan, and the undistributed profit at the beginning of the year was 130275676540 yuan. The profit available for distribution at the end of the reporting period was 130275676540 yuan.
The company plans to take the total share capital of 605673053 shares as the base as of December 31, 2021, and pay out 1.68 yuan (including tax) for every 10 shares, without conversion or share bonus.
According to relevant regulations, if the total share capital of the company changes due to the issuance of new equity incentives and the conversion of convertible bonds into shares, the company will disclose the distribution proportion calculated according to the latest total share capital in the profit distribution implementation announcement in accordance with the principle of “the total cash dividends, the total bonus shares and the total converted share capital are fixed”.
2、 Legality and compliance of profit distribution plan
This profit distribution plan complies with the provisions 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, articles of association and other regulations, and complies with the company’s shareholder dividend return plan and profit distribution policy, It is conducive to all shareholders to share the operating results of the company. This profit distribution plan meets the needs of the company’s future operation and development, and is legal, compliant and reasonable.
3、 Review procedures and comments of independent directors
(I) deliberations of the board of directors and the board of supervisors
The 27th meeting of the first board of directors and the 15th meeting of the first board of supervisors reviewed and approved the plan on profit distribution in 2021, 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 company’s profit distribution plan for 2021 is made in combination with the company’s current business environment, future development strategy and capital needs, which is in line with the company’s business situation this year, is conducive to the company’s long-term development and protect the long-term interests of investors, and does not damage the interests of the company’s shareholders, especially small and medium-sized shareholders. Therefore, we unanimously agree to the company’s profit distribution plan for 2021 and agree that the board of directors will submit the plan to the general meeting of shareholders for deliberation.
4、 Relevant risk tips
This profit distribution plan needs to be submitted to the general meeting of shareholders of the company for deliberation, and can only be implemented after being deliberated and approved by the general meeting of shareholders. Please pay attention to the investment risks.
5、 Documents for future reference
1. Resolutions of the 27th meeting of the first board of directors;
2. Resolutions of the 15th meeting of the first board of supervisors;
3. Independent opinions of independent directors on matters related to the 27th meeting of the first board of directors.
It is hereby announced.
Cngr Advanced Material Co.Ltd(300919)
Board of directors
March 16, 2002
