Securities code: Ping An Insurance (Group) Company Of China Ltd(601318) securities abbreviation: Ping An Insurance (Group) Company Of China Ltd(601318) Announcement No.: pro 2022015 Ping An Insurance (Group) Company Of China Ltd(601318) insurance (Group) Co., Ltd
Announcement of annual profit distribution plan in 2021
The board of directors and all directors of Ping An Insurance (Group) Company Of China Ltd(601318) insurance (Group) Co., Ltd. (hereinafter referred to as "the company" or "the company") guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content tips:
The company's profit distribution plan for 2021: the company will distribute the final dividend of 2021, cash per share of RMB 1.50 (including tax), and all the remaining undistributed profits will be carried forward to 2022.
The actual total amount of this final dividend distribution will be calculated based on the actual number of shares that the shareholders of A-Shares have the right to participate in on the equity registration date of this dividend distribution. The following expected schedule is only a tentative date, and the specific date will be specified in the equity distribution implementation announcement:
Class of Shares Tentative equity tentative final ex rights tentative cash dividend registration date transaction date (interest) date payment date
A shares 2022 / 6 / 172022 / 6 / 202022 / 6 / 20
The profit distribution plan can only be implemented after being deliberated and approved by the 2021 annual general meeting of the company. 1、 Contents of profit distribution plan
Audited by Ernst & Young Huaming Certified Public Accountants (special general partnership), the net profit attributable to the shareholders of the parent company in the consolidated financial statements of Chinese accounting standards and international financial reporting standards in 2021 is RMB 101618 billion, and the net profit of the parent company is RMB 29.731 billion. According to the articles of association of Ping An Insurance (Group) Company Of China Ltd(601318) insurance (Group) Co., Ltd. (hereinafter referred to as the "articles of association") and other relevant provisions, when determining the profit amount available for distribution to shareholders, the company shall withdraw the statutory surplus reserve according to 10% of the net profit in the financial statements of the parent company in accordance with the Chinese accounting standards. At the same time, it is stipulated that if the cumulative amount of the statutory surplus reserve is more than 50% of the registered capital of the company, it may not be withdrawn. After the above profit distribution and carrying forward the undistributed profits of the previous year, according to the articles of association and other relevant provisions, the undistributed profits of the parent company's financial statements shall be determined according to the lower one of Chinese accounting standards and international financial reporting standards. As of December 31, 2021, the company's profit available for distribution to shareholders was 108854 billion yuan.
Based on the continuous growth of the company's operating profit and full confidence in the future prospects, the board of directors recommends that the final dividend in 2021 is RMB 1.50 per share (including tax), plus the paid interim dividend in 2021 of RMB 0.88 per share (including tax), and the annual dividend in 2021 is RMB 2.38 per share (including tax), a year-on-year increase of 8.2%. According to the relevant provisions of the guidelines on self discipline supervision of listed companies on Shanghai Stock Exchange No. 7 - share repurchase, as of the closing of the stock registration date of the shareholders of A-Shares of this dividend distribution, the A shares of this company in the special securities account of this company's repurchase will not participate in this dividend distribution. Based on 18280241410 shares of the company's total share capital as of December 31, 2021, deducting 147771893 shares of the company's share capital and A-Shares of the company in the company's special securities repurchase account, the total dividend distribution at the end of 2021 is expected to be 2719870427550 yuan (including tax). The actual total amount of this final dividend distribution will be calculated based on the actual number of shares that the shareholders of A-Shares have the right to participate in on the equity registration date of this dividend distribution.
The profit distribution plan complies with the profit distribution policy stipulated in the articles of association. The annual cash dividend level of the company in 2021 is slightly higher than the shareholder return plan formulated by the company, but it maintains the continuity and stability of the profit distribution policy and enables all shareholders to obtain sustained, stable and reasonable returns. The final dividend distribution has no significant impact on the solvency adequacy ratio of the company. After the dividend distribution, the solvency adequacy ratio of the company meets the regulatory requirements. After deducting the dividend at the end of 2021, all the remaining undistributed profits of the company are carried forward to 2022. The undistributed profits of the company are mainly retained as endogenous capital to maintain a reasonable solvency adequacy ratio and used to inject capital into its subsidiaries, support the business development of its subsidiaries to obtain stable shareholder returns, and maintain the solvency adequacy ratio or capital adequacy ratio of its subsidiaries at a reasonable level.
2、 Decision making procedures performed by the company
(I) convening, deliberation and voting of the board meeting
The company held the 8th meeting of the 12th board of directors on March 17, 2022, reviewed and approved the company's profit distribution plan for 2021, agreed to the above profit distribution plan and agreed to submit the plan to the company's 2021 annual general meeting for deliberation.
(II) opinions of independent directors
All independent directors of the company expressed their independent opinions and believed that the decision-making procedures and mechanism of this profit distribution plan are complete, the dividend standard and proportion are clear and clear, and comply with the provisions of the articles of association and relevant review procedures. The annual cash dividend level of the company in 2021 was slightly higher than the shareholder return plan formulated by the company, but maintained the continuity and stability of the profit distribution policy and fully protected the legitimate rights and interests of all shareholders, including small and medium-sized investors.
(III) opinions of the board of supervisors
The board of supervisors of the company believes that the board of directors strictly implements the cash dividend policy, strictly performs the corresponding decision-making procedures, and makes the corresponding information disclosure truthfully, accurately and completely. The annual cash dividend level of the company in 2021 is slightly higher than the shareholder return plan formulated by the company, but it maintains the continuity and stability of the profit distribution policy and enables all shareholders to obtain sustained, stable and reasonable returns.
3、 Relevant risk tips
The profit distribution plan can only be implemented after being submitted to the 2021 annual general meeting of the company for deliberation and approval. 4、 Relevant consultation methods
Contact Department: Office of the board of directors of the company
Tel: (0755) 88679840
Contact Fax: (0755) 82431029
Contact email: [email protected].
It is hereby announced
Ping An Insurance (Group) Company Of China Ltd(601318) insurance (Group) Co., Ltd. board of directors March 17, 2022
