Securities abbreviation: Guangzhou Lingnan Group Holdings Company Limited(000524) securities code: Guangzhou Lingnan Group Holdings Company Limited(000524) Announcement No.: 2022016
Guangzhou Lingnan Group Holding Co., Ltd
Announcement on 2021 profit distribution plan
Important note: the company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Guangzhou Lingnan Group Holdings Company Limited(000524) (hereinafter referred to as "the company") the 20th meeting of the 10th board of directors and the 12th meeting of the 10th board of supervisors reviewed and approved the company's 2021 annual profit distribution plan on March 21, 2022, which needs to be submitted to the company's 2021 annual general meeting for deliberation. The specific contents are hereby announced as follows:
1、 2021 profit distribution plan
(I) specific contents of profit distribution plan
Audited by Lixin Certified Public Accountants (special general partnership), the net profit attributable to the owner of the parent company in the consolidated statement of the company in 2021 is -12779864790 yuan, and the net profit in the statement of the parent company is 497037297 yuan. After withdrawing 10% of the statutory surplus reserve of 49703730 yuan, the undistributed profit in the consolidated statements of the company in 2021 was 7009096403 yuan and the undistributed profit in the statements of the parent company was 21930365602 yuan.
In 2021, the company's main business was affected by covid-19 epidemic outside China, and the net profit attributable to the owner of the parent company in the consolidated statement of the company was negative. Based on the above reasons, and in order to promote the sustainable, stable and healthy development of the company in the future and better safeguard the long-term interests of all shareholders, according to the company law, the articles of association and other relevant provisions, the company's profit distribution plan for 2021 is not to carry out cash dividends, give bonus shares or increase share capital with accumulation fund. The undistributed profits retained by the company will be accumulated and rolled over to the next year to support the company's production and operation and future development.
The above profit distribution plan needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation. The 2021 annual general meeting of shareholders of the company will be held by combining on-site meeting and online voting to facilitate all shareholders to participate in the general meeting of shareholders. Minority shareholders can vote by participating in on-site meeting or online voting.
(II) legality and compliance of profit distribution plan
The company's profit distribution plan for 2021 comprehensively considers the characteristics of the company's current industry, external environment, company development stage, operation and management, medium and long-term development and other factors, and complies with the company law, the notice on matters related to the further implementation of cash dividends of listed companies and the guidelines for the supervision of listed companies No. 3 - cash dividends of listed companies issued by the CSRC The relevant provisions of the stock listing rules of Shenzhen Stock Exchange and the self regulatory guidelines for listed companies No. 1 - standardized operation of listed companies on the main board comply with the profit distribution policies stipulated in the articles of association.
In the future, the company will, in strict accordance with the guidelines for the supervision of listed companies No. 3 - cash dividends of listed companies and the articles of association and other relevant provisions, comprehensively consider various factors related to profit distribution, and actively adopt cash dividends and other methods for profit distribution on the premise that the financial situation and cash flow can meet the company's sustainable operation and long-term development, so as to create long-term investment value for shareholders.
2、 Opinions of independent directors
The independent directors believe that the company's profit distribution plan for 2021 comprehensively considers the impact of covid-19 pneumonia on the company's main business, conforms to the company's actual operation and capital status, and does not harm the interests of shareholders; The company's profit distribution plan complies with the provisions of relevant laws and regulations and the articles of association, which is conducive to the normal operation and healthy development of the company. Therefore, we agree to the company's annual profit distribution plan for 2021.
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. Investors are invited to pay attention to investment risks.
4、 Documents for future reference
1. Resolutions of the 20th meeting of the 10th Session of the board of directors;
2. Resolutions of the 12th meeting of the 10th Session of the board of supervisors;
3. Opinions of independent directors.
It is hereby announced.
Guangzhou Lingnan Group Holdings Company Limited(000524) board of directors
March 21, 2002
