Securities code: China Jushi Co.Ltd(600176) securities abbreviation: China Jushi Co.Ltd(600176) Announcement No.: 2022013 China Jushi Co.Ltd(600176)
Announcement on profit distribution plan in 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 individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content tips:
Distribution ratio per share: cash dividend of 4.8 yuan (including tax) for every 10 shares. No capital reserve will be converted into share capital.
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 maintain the total distribution unchanged, adjust the distribution proportion per share accordingly, and make a separate announcement on the specific adjustment.
1、 Contents of profit distribution plan
Audited by Tianzhi International Certified Public Accountants (special general partnership), the parent company realized a net profit of 243976585019 yuan in 2021, and the company’s distributable profit was 222556426374 yuan by the end of 2021. After deliberation and approval by the 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 4.8 yuan (including tax) to all shareholders for every 10 shares. As of December 31, 2021, the total share capital of the company is 4003136728 shares. Based on this calculation, the total cash dividend to be distributed is 192150562944 yuan (including tax).
According to the audit report issued by Tianzhi International Certified Public Accountants (special general partnership), as of December 31, 2021, the balance of the parent company’s capital reserve was 613609751967 yuan. After comprehensive consideration, it is proposed not to convert capital reserve into share capital in 2021.
If the total share capital of the company changes from the date of disclosure of this announcement to the date of equity distribution and equity registration due to the conversion of convertible bonds into shares / repurchase of shares / repurchase and cancellation of equity incentive grant shares / repurchase and cancellation of major asset restructuring shares, the company plans to maintain the total amount of distribution (conversion) unchanged and adjust the distribution (conversion) ratio per share accordingly. In case of subsequent changes in the total share capital, the specific adjustment will be announced separately.
The profit distribution plan must be submitted to the 2021 annual general meeting of the company for deliberation.
2、 Decision making procedures performed by the company
(I) convening, deliberation and voting of the board meeting
The 21st Meeting of the sixth board of directors of the company deliberated and approved the 2021 profit distribution plan and the 2021 plan for converting capital reserve into share capital, and agreed to submit the proposal to the 2021 annual general meeting of shareholders of the company for deliberation.
(II) opinions of independent directors
The company’s 2021 profit distribution plan and the plan of converting capital reserve into share capital comprehensively consider the company’s current capital demand and future development investment, shareholders’ short-term cash dividend return and medium and long-term return, take into account the reasonable needs of the company’s operation and development, reflect the company’s reasonable return to investors, and there is no intentional damage to the interests of the company’s shareholders, especially small and medium-sized shareholders, We agree to the profit distribution and capital reserve conversion plan, and agree to submit the proposal to the 2021 annual general meeting for deliberation.
3、 Relevant risk tips
(I) analysis of the impact of cash dividends on earnings per share, cash flow status, production and operation of listed companies this profit distribution plan takes into account the company’s development stage, future capital demand and other factors, and will not have a significant impact on the company’s operating cash flow, normal operation and long-term development.
(II) description of other risks
The profit distribution and capital reserve conversion plan must be submitted to the 2021 annual general meeting of the company for deliberation and approval before implementation.
It is hereby announced.
China Jushi Co.Ltd(600176) board of directors March 18, 2022