Stock Code: Yunnan Wenshan Electric Power Co.Ltd(600995) stock abbreviation: Yunnan Wenshan Electric Power Co.Ltd(600995) No.: pro 202210 Yunnan Wenshan Electric Power Co.Ltd(600995)
Announcement of 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 0.01 yuan per share (tax included).
● 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, the company plans to maintain the distribution amount per share unchanged and adjust the total distribution amount accordingly.
1、 Profit distribution plan
According to the company's financial final accounts of 2021 audited by Tianzhi International Certified Public Accountants (special general partnership), the company realized a net profit of 157579 million yuan in 2021; According to the relevant provisions of the articles of association, if the cumulative amount of the company's statutory reserve is more than 50% of the company's registered capital, it can no longer be withdrawn. The profit available for distribution to shareholders this year is 157579 million yuan, plus the undistributed profit at the beginning of the year of 13074962 million yuan, minus the distributed profit of 334968 million yuan in 2021, and the profit available for distribution to shareholders at the end of 2021 is 12897573 million yuan. The company plans to distribute its profits in 2021 in the form of cash dividend. The company plans to distribute cash dividend of 0.1 yuan (including tax) to all shareholders for every 10 shares based on the total share capital registered on the date of equity distribution. As of December 31, 2021, the total share capital of the company is 478526400 shares. Based on this calculation, the total cash dividend to be distributed is 4.7853 million yuan, accounting for 30.37% of the net profit attributable to the shareholders of the company in the consolidated statements of the company in 2021.
If the total share capital of the company changes from the date of disclosure of this distribution plan to the date of equity distribution and equity registration, the company plans to maintain the distribution amount per share unchanged and adjust the total distribution accordingly.
In 2021, no shares will be given, nor will the capital reserve be converted into share capital.
The profit distribution plan needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation.
2、 Decision making procedures performed by the company
(I) convening, deliberation and voting of the board meeting
The company held the 17th meeting of the 7th board of directors on March 18, 2022, and adopted the company's plan for profit distribution in 2021 with 11 votes, 0 against and 0 abstention.
(II) opinions of independent directors
The independent directors believe that the company's profit distribution plan meets the relevant requirements of the notice on further implementing the matters related to cash dividends of listed companies issued by the CSRC, the guidelines for the supervision of listed companies No. 3 - cash dividends of listed companies issued by the CSRC and the guidelines for cash dividends of listed companies on the Shanghai Stock Exchange, as well as the relevant provisions on cash dividends in the articles of association. Agree to the distribution plan and submit it to the 2021 annual general meeting of shareholders of the company for deliberation.
(III) opinions of the board of supervisors
On March 18, 2022, the company held the 13th meeting of the seventh board of supervisors and approved the company's plan for profit distribution in 2021. The board of supervisors believes that the company's profit distribution plan for 2021 fully takes into account the company's profitability, future development, capital adequacy ratio and investors' interests, which is in line with the provisions of the articles of association. The deliberation and voting procedures of the board of directors on profit distribution comply with the relevant provisions of the Listing Rules of Shanghai Stock Exchange and the articles of association, and there is no situation that damages the interests of the company and all shareholders.
3、 Relevant risk tips
This profit distribution plan combines the profit scale and cash flow of the company in the current development stage, and will not have a significant impact on the current operating cash flow, nor will it affect the normal operation and long-term development of the company.
The profit distribution plan can only be implemented after being submitted to the 2021 annual general meeting of the company for deliberation and approval.
It is hereby announced.
Yunnan Wenshan Electric Power Co.Ltd(600995) board of directors March 22, 2022
