Securities code: Anhui Estone Materials Technology Co.Ltd(688733) securities abbreviation: Anhui Estone Materials Technology Co.Ltd(688733) Announcement No.: 2022018
Anhui Estone Materials Technology Co.Ltd(688733)
Announcement on 2021 annual 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 the announcement, and bear legal responsibility for the authenticity, accuracy and integrity of the contents according to law. Important content tips:
Distribution ratio per share: cash dividend of 2.00 yuan (including tax) will be distributed for every 10 shares. No capital reserve will be converted into share capital and no bonus shares will be given for this profit distribution.
The profit distribution is based on the total share capital on the date of equity distribution registration, and the specific date will be specified in the announcement of equity distribution implementation.
If the total share capital of the company changes before the equity registration date of equity distribution, the company plans to keep the total distribution unchanged, adjust the distribution proportion per share accordingly, and will announce the specific adjustment separately. This profit distribution plan needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation and approval before implementation.
1、 Contents of profit distribution plan
Audited by Tianzhi International Certified Public Accountants (special general partnership), as of December 31, 2021, the book audited net profit attributable to the parent company of the company was 1082054 million yuan. After withdrawing the legal accumulation fund according to law, the profit available for distribution to all shareholders as of December 31, 2021 was 184416600 yuan. According to the resolution of the board of directors of the company, the company plans to distribute profits based on the total share capital on the date of equity distribution and equity registration in 2021. The profit distribution plan is as follows:
The company plans to distribute a cash dividend of 2.00 yuan (including tax) to all shareholders for every 10 shares. As of December 31, 2021, the total share capital of the company is 182164340 shares. Based on this calculation, the total cash dividend to be distributed is 3643286800 yuan (including tax). The proportion of cash dividends of the company this year was 33.67%.
No capital reserve will be converted into share capital and no bonus shares will be given this time.
If, from the date of disclosure of this announcement to the date of equity distribution and equity registration, the total share capital of the company is changed due to convertible bond conversion / share repurchase / share repurchase cancellation of equity incentive grant / share repurchase cancellation of major asset restructuring, the company plans to keep the total distribution unchanged and adjust the distribution proportion per share accordingly. In case of subsequent changes in the total share capital, the specific adjustment will be announced separately.
The profit distribution plan shall not be implemented until it is submitted to the 2021 annual general meeting of shareholders of the company for deliberation and approval. 2、 Decision making procedures performed by the company
(I) convening, deliberation and voting of the board meeting
The company held the 8th meeting of the 3rd board of directors on March 23, 2022, at which the proposal on the company’s 2021 annual profit distribution plan was deliberated and adopted. All directors of the company unanimously agreed to submit the plan to the 2021 annual general meeting of shareholders of the company for deliberation.
(II) opinions of independent directors
The company’s annual profit distribution plan for 2021 comprehensively considers the company’s industry characteristics, development stage, its own business model, profitability and future development capital demand, which is in line with the current actual situation of the company, takes into account the interests of the company and all shareholders, and is conducive to the sustainable, stable and healthy development of the company, It complies with the provisions of relevant laws, regulations, normative documents and company systems such as the guidelines on self discipline supervision of listed companies on the science and Innovation Board of Shanghai Stock Exchange No. 1 – standardized operation, the guidelines on supervision of listed companies No. 3 – cash dividends of listed companies, the articles of association, and there is no situation that damages the legitimate interests of the company and minority shareholders. In conclusion, the independent directors agreed to the proposal on the company’s 2021 annual profit distribution plan and agreed to submit the proposal to the company’s 2021 annual general meeting for deliberation.
(III) opinions of the board of supervisors
The sixth meeting of the third board of supervisors held on March 23, 2022 deliberated and approved the proposal on the company’s annual profit distribution plan for 2021. The board of supervisors believed that the company’s annual profit distribution plan for 2021 fully considered various factors such as the company’s profitability, cash flow status and capital demand, and there was no damage to the interests of minority shareholders, which was in line with the current operation situation of the company and was conducive to the sustainability, stability and development of the company Healthy development. Agree to this profit distribution plan and submit it to the 2021 annual general meeting of shareholders of the company for deliberation.
3、 Relevant risk tips
(I) analysis of the impact of cash dividends on earnings per share, cash flow and production and operation of listed companies
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 operating cash flow, and will not affect the company’s normal operation and long-term development.
(II) description of other risks
The profit distribution plan can only be implemented after being submitted to the 2021 annual general meeting of the company for deliberation and approval. It is hereby announced.
Anhui Estone Materials Technology Co.Ltd(688733) board of directors
March 25, 2022
