Securities code: Hunan Xiangjia Animal Husbandry Company Limited(002982) securities abbreviation: Hunan Xiangjia Animal Husbandry Company Limited(002982) Announcement No.: 2022012 Hunan Xiangjia Animal Husbandry Company Limited(002982)
Special statement of the board of directors on the proposed no cash dividend in 2021 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.
According to the audit report issued by Tianjian Certified Public Accountants (special general partnership), the net profit attributable to the shareholders of the listed company in the consolidated statement of Hunan Xiangjia Animal Husbandry Company Limited(002982) (hereinafter referred to as "the company") in 2021 was 2567861321 yuan. As of December 31, 2021, the undistributed profit of the company was 72946062234 yuan and the undistributed profit of the parent company was 73665537466 yuan. According to the principle of the lower of the undistributed profits of the company and the undistributed profits of the parent company, the profit available for distribution to shareholders this year is 72946062233 yuan.
1、 2021 profit distribution plan of the company
The company held the 9th meeting of the 4th board of directors on March 22, 2022. The company's profit distribution plan for 2021 is as follows: no cash dividend, no bonus shares and no conversion of provident fund into share capital in 2021.
2、 Provisions of the articles of association on the company's profit distribution policy
(I) profit distribution principle
The company implements a continuous, stable and active profit distribution policy, pays attention to the reasonable requirements and opinions of investors, especially small and medium-sized investors, provides reasonable investment returns for shareholders and takes into account the sustainable development of the company.
(II) profit distribution mode
The company distributes profits in cash, shares or other forms permitted by law. The board of directors of the company may propose the company to carry out medium-term cash dividends according to the actual situation of the company's funds. The specific distribution plan shall be formulated by the board of directors and submitted to the general meeting of shareholders for deliberation and approval.
(III) conditions for cash dividends
1. The distributable profit of the company in this year (i.e. the remaining after tax profit after the company makes up the loss and withdraws the accumulation fund) is positive;
2. The net cash flow of the company in this year is positive;
3. Under the condition of profit in the current year, if the company has no major investment plan or major cash expenditure, it shall distribute dividends in cash. (major investment plans or major cash disbursements refer to the investment events in which the company plans to make foreign investment, purchase assets or purchase equipment in the next 12 months (except for fund-raising projects), and the estimated expenditure reaches or exceeds 10% of the company's total audited assets in the latest period.)
(IV) proportion of cash dividends
On the premise of ensuring the normal operation and long-term development of the company, the annual cash dividend proportion of the company in the next three years shall not be less than 10% of the distributable profits realized by the company in that year in principle.
3、 Reasons why the company plans not to carry out cash dividend in 2021
The main reasons why cash dividends are not planned in 2021 are as follows: first, the net cash flow of the company in 2021 is negative; Second, there is still a large demand for funds for the projects under construction in the whole industrial chain of the company, such as Yiyu bird seedling incubation center, 200000 commercial pig base, Xiangjia cooked food industrial park, etc. with the gradual promotion of these projects, the company's demand for funds is increasing day by day.
The board of directors of the company believes that: taking full account of the company's current development period, expanding business scale and large capital demand, the profit distribution plan for 2021 is based on the needs of the company's current business environment and future development strategy, starting from the company's long-term development strategy, which is conducive to safeguarding the long-term interests of shareholders, and there is no situation that damages the interests of shareholders of the company, especially small and medium-sized shareholders.
The independent directors believe that the company's profit distribution plan for 2021 is in line with the company's current development status. The plan is in line with the cash dividend policy in the articles of association, has legitimacy, compliance and rationality, and is conducive to the company's long-term development. The non cash dividend in 2021 is based on the consideration of the company's strategic development and operating status, and is conducive to safeguarding the interests of shareholders from the long-term interests of the company's development, There is no situation that damages the interests of the company's shareholders, especially the minority shareholders. Therefore, we agree to the company's profit distribution plan for 2021.
4、 Purpose and use plan of undistributed profits of the company
The undistributed profits of the company will be mainly used for the above project investment, repayment of bank loans and supplement the working capital required for daily operation, so as to gradually expand the business scale of the enterprise, optimize the asset structure and financial structure of the enterprise, promote the efficient and sustainable development of the company, implement the development planning objectives of the company, and finally maximize the interests of shareholders.
In the future, the company will always pay attention to cash dividends, actively repay shareholders in the form of cash dividends, comprehensively consider various factors related to profit distribution in strict accordance with the company law, securities law, articles of association and the requirements of regulatory authorities, actively implement the company's profit distribution system and share the company's growth and development achievements with shareholders.
It is hereby announced.
Hunan Xiangjia Animal Husbandry Company Limited(002982) board of directors March 23, 2022
