Securities code: Sinopec Shanghai Petrochemical Company Limited(600688) securities abbreviation: Sinopec Shanghai Petrochemical Company Limited(600688) Announcement No.: pro 202212 China Petroleum & Chemical Corporation(600028) Shanghai Petrochemical Co., Ltd
Announcement of resolutions of the 16th meeting of the 10th board of directors
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.
China Petroleum & Chemical Corporation(600028) Shanghai Petrochemical Co., Ltd. ("the company" or "the company") notified all directors of the 16th meeting of the 10th board of directors ("the board") by letter on March 9, 2022. The meeting was held in the Eighth Conference Room of the company's office building on March 23, 2022 by on-site combined communication. There are 11 directors who should attend the meeting and 11 directors who actually attend the meeting. Members of the board of supervisors of the company attended the meeting as nonvoting delegates. The meeting was held in accordance with the company law of the people's Republic of China and the articles of association of China Petroleum & Chemical Corporation(600028) Shanghai Petrochemical Co., Ltd. (the "articles of association"). The meeting was presided over by Chairman Wu Haijun. The board of directors discussed and adopted the following resolutions:
Resolution 1 adopted the 2021 general manager's work report by 11 votes in favor, 0 against and 0 abstention.
Resolution II adopted the work report of the board of directors in 2021 with 11 affirmative votes, 0 negative votes and 0 abstention. The proposal shall be submitted to the 2021 annual general meeting of the company for deliberation. Resolution III adopted the report on continuous risk assessment of related party transactions with China Petroleum & Chemical Corporation(600028) Finance Co., Ltd. with 8 affirmative votes, 0 negative votes and 0 abstention.
Resolution IV adopted the audited financial report for 2021 by 11 votes in favor, 0 against and 0 abstention. The proposal shall be submitted to the 2021 annual general meeting of the company for deliberation.
Resolution V adopted the 2021 profit distribution plan of the company with 11 affirmative votes, 0 negative votes and 0 abstention.
In 2021, the net profit attributable to the shareholders of the parent company in accordance with the Chinese accounting standards for business enterprises was RMB 200051 million. The board of Directors proposes to pay a dividend of 1.0 yuan (including tax) for every 10 shares in 2021 based on the total number of shares of the company on the date of profit distribution and equity registration. The proposal shall be submitted to the 2021 annual general meeting of the company for deliberation.
Resolution VI adopted the full text and summary of the company's 2021 annual report by 11 votes in favor, 0 against and 0 abstention.
Resolution 7 adopted the 2021 annual internal control evaluation report of the company with 11 affirmative votes, 0 negative votes and 0 abstention.
Resolution VIII adopted the 2021 corporate social responsibility report of the company with 11 affirmative votes, 0 negative votes and 0 abstention.
Resolution 9 adopted the 2022 financial budget report of the company with 11 affirmative votes, 0 negative votes and 0 abstention. The proposal shall be submitted to the 2021 annual general meeting of the company for deliberation.
Resolution 10 adopted the 2022 financial derivatives business plan of the company with 11 affirmative votes, 0 negative votes and 0 abstention.
Resolution Xi adopted the proposal on appointing domestic and overseas accounting firms in 2022 and recommending authorizing the board of directors to decide their remuneration by 11 votes in favor, 0 against and 0 abstention. The proposal shall be submitted to the 2021 annual general meeting of the company for deliberation.
Resolution XII adopted the proposal on the signing of equity forward transfer and other agreements and related party transactions by subsidiaries with 8 affirmative votes, 0 negative votes and 0 abstention.
The directors, Mr. Wu Haijun, Mr. Du Jun and Mr. Xie Zhenglin, as the related directors of proposal 3 and proposal 12, avoided voting during the deliberation of the above proposal. Eight other non affiliated directors participated in the voting.
The independent directors of the company, Ms. Li Yuanqin, Mr. Tang Song, Mr. Chen Haifeng, Mr. Yang Jun and Mr. Gao Song, expressed independent opinions on the company's proposals such as the continuous risk assessment report on connected transactions with China Petroleum & Chemical Corporation(600028) Finance Co., Ltd., the profit distribution plan for 2021, the internal control evaluation report for 2021 and the financial derivatives business plan for 2022, Prior approval opinions and independent opinions were issued on the proposals such as the appointment of domestic and overseas accounting firms in 2022 and the recommendation to authorize the board of directors to determine their remuneration, and the signing of equity forward transfer and other agreements and related party transactions by subsidiaries. Online announcement attachment
Independent opinions of independent directors on matters related to the 16th meeting of Sinopec Shanghai Petrochemical Company Limited(600688) the 10th board of directors
Prior approval opinions of independent directors on matters related to the 16th meeting of Sinopec Shanghai Petrochemical Company Limited(600688) the 10th board of directors
It is hereby announced.
China Petroleum & Chemical Corporation(600028) Shanghai Petrochemical Co., Ltd. board of directors March 23, 2022
