Securities code: Sinopec Shanghai Petrochemical Company Limited(600688) securities abbreviation: Sinopec Shanghai Petrochemical Company Limited(600688) Announcement No.: pro 202214 China Petroleum & Chemical Corporation(600028) Shanghai Petrochemical Co., Ltd
Announcement of 2021 A-share profit distribution plan
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 proportion per share
Cash dividend of RMB 0.10 per share before tax deduction.
The profit distribution plan is based on the total share capital registered on the equity registration date of profit distribution, and the specific date will be specified in the announcement on the implementation of A-share profit distribution.
If the total share capital of the company changes from the date of the board of directors approving the profit distribution plan for 2021 to the date of equity registration for profit distribution, the company plans to maintain the total distribution unchanged, adjust the distribution proportion per share accordingly, and will announce the specific adjustment separately.
1、 Contents of profit distribution plan
Audited by KPMG Huazhen Certified Public Accountants (special general partnership) and KPMG certified public accountants, in 2021, China Petroleum & Chemical Corporation(600028) Shanghai Petrochemical Co., Ltd. (hereinafter referred to as "the company") had a net profit of RMB 200051 million and earnings per share of RMB 0.185 attributable to the shareholders of the parent company in accordance with Chinese accounting standards for business enterprises. As of December 31, 2021, the company's undistributed profit at the end of the period was RMB 1187745 million. According to the resolution of the board of directors, the company plans to distribute profits based on the total share capital registered on the equity registration date of profit distribution in 2021. The profit plan is as follows:
1. The company's profit distribution in 2021 adopts the method of cash dividend to distribute dividends to A-share shareholders and H-share shareholders registered on the equity registration date of profit distribution in 2021, with RMB 1.0 (including tax) for every 10 shares. On the date of the meeting of the board of directors approving the profit distribution plan for 2021, the company has issued 10823813500 shares. Based on this calculation, the total cash dividend to be distributed is 1082381350 yuan (including tax), accounting for 54.11% of the net profit attributable to the shareholders of the parent company in the consolidated statements of 2021. If the total share capital of the company changes from the date of the above board of directors to the date of equity registration for profit distribution, the company plans to maintain the total distribution unchanged and adjust the distribution proportion per share accordingly. If the subsequent total share capital changes, the company will separately announce the specific adjustment.
2. Cash dividends are valued and announced in RMB and paid to A-share shareholders in RMB and H-share shareholders in Hong Kong dollars. The actual distribution amount in Hong Kong dollars shall be calculated according to the average value of the central parity rate of RMB to Hong Kong dollars of the China foreign exchange trading center in the Gregorian calendar week before the day when the resolution is passed to declare the final dividend.
The profit distribution plan needs to be submitted to the 2021 annual general meeting for deliberation. 2、 Decision making procedures performed by the company
(I) convening, deliberation and voting of the board meeting
The company held the 16th meeting of the 10th board of directors on March 23, 2022. The meeting deliberated and approved the company's profit distribution plan for 2021, which needs to be submitted to the company's 2021 annual general meeting for deliberation.
(II) opinions of independent directors
Independent directors express the following independent opinions: the company's profit distribution plan for 2021 fully reflects the company's focus on the return to investors, especially the return in the form of cash dividends, which is conducive to investors to share the company's operating results. Agree with the profit distribution plan of the company for 2021 proposed by the board of directors of the company and agree to submit it to the annual general meeting of shareholders of the company for deliberation in 2021.
3、 Relevant risk tips
This profit distribution plan combines the company's development stage, future capital demand and other factors, and will not have a significant impact on the company's earnings per share, cash flow and normal operation.
It is hereby announced.
China Petroleum & Chemical Corporation(600028) Shanghai Petrochemical Co., Ltd. board of directors March 23, 2002
