Securities code: Suzhou Thvow Technology Co.Ltd(002564) securities abbreviation: Suzhou Thvow Technology Co.Ltd(002564) Announcement No.: 2022031
Suzhou Thvow Technology Co.Ltd(002564)
Announcement on the company’s profit distribution plan for 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 material omissions.
Suzhou Thvow Technology Co.Ltd(002564) (hereinafter referred to as “the company”) held the 41st meeting of the 4th board of directors and the 28th meeting of the 4th board of supervisors on March 23, 2022, deliberated and adopted the proposal on the company’s profit distribution plan in 2021, which needs to be submitted to the 2021 shareholders’ meeting of the company for deliberation. The details are hereby announced as follows:
1、 Basic information of profit distribution plan
Audited by Zhonghua Certified Public Accountants (special general partnership), the company achieved an operating income of 6.807 billion yuan and a total profit of – 858 million yuan in 2021, including a net profit of – 693 million yuan attributable to shareholders of listed companies, a distributable profit of – 944 million yuan of the parent company, a total asset of 28.472 billion yuan and a net asset of 1.810 billion yuan attributable to shareholders of listed companies. Combined with the characteristics of the company’s industry, the company’s development stage and capital needs, the company’s profit distribution plan for 2021 is: the company will not distribute cash dividends, bonus shares or increase share capital with accumulation fund in 2021.
2、 Rationality of profit distribution plan
According to the articles of association, if the company makes profits in the current year and the accumulated undistributed profits are positive, it shall distribute profits in cash. As the distributable profit of the parent company in this year is negative, it does not meet the cash dividend conditions specified in the articles of association.
Due to the company’s current need to accelerate the expansion of production and operation, market development and foreign investment, the company has a large demand for working capital. Combined with the current profitability and financial situation, and according to the future development prospect, the company has formulated this profit distribution plan. The profit distribution plan fully considers the long-term interests of the majority of investors and does not damage the interests of minority shareholders. The scheme strictly complies with the provisions of the guidelines for the supervision of listed companies No. 3 – cash dividends of listed companies (revised in 2022) issued by the CSRC, as well as the requirements of the articles of association and the company’s shareholder return plan for the next three years (20192021), and has legitimacy, compliance and rationality. 3、 Relevant review and approval procedures
The plan has been deliberated and voted by all members of the 41st meeting of the Fourth Board of directors and the 28th meeting of the Fourth Board of supervisors held on March 23, 2022, and agreed to submit the plan to the 2021 annual general meeting of shareholders of the company for deliberation.
The independent directors considered that the profit distribution plan was made based on the current market situation of the company
Securities code: Suzhou Thvow Technology Co.Ltd(002564) securities abbreviation: Suzhou Thvow Technology Co.Ltd(002564) Announcement No.: 2022031
The decision conforms to the actual situation of the company, matches the growth of the company’s performance, is conducive to the stable development of the company in the future, conforms to relevant regulations and the development needs of the company, and is conducive to safeguarding the long-term interests of shareholders. Therefore, we agree to this profit distribution and submit this plan to the 2021 annual general meeting of shareholders for deliberation.
4、 Risk tips
The profit distribution plan needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation. Please pay attention to the investment risks.
It is hereby announced.
Suzhou Thvow Technology Co.Ltd(002564) board of directors March 25, 2022
