Securities code: Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) securities abbreviation: Changfei optical fiber Announcement No.: lin2022012 bond Code: 175070 bond abbreviation: 20 Changfei 01
Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869)
Announcement of annual profit distribution plan in 2021
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: distribution proportion per share: cash dividend of RMB 0.281 per share (including tax). The profit distribution is based on the total share capital registered on the equity distribution registration date, and is expected to be distributed before August 31, 2022. The specific date will be specified in the equity distribution implementation announcement. If the total share capital of the company changes before the equity registration date of equity distribution, it is proposed to maintain the total distribution unchanged, adjust the distribution proportion per share accordingly, and make a separate announcement on the specific adjustment.
1、 Contents of profit distribution plan
Audited by KPMG Huazhen Certified Public Accountants (special general partnership), as of December 31, 2021, Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) (hereinafter referred to as “the company” and “the company”) had accumulated distributable profits of RMB 3323842776 at the end of the period. The profit to be distributed at the 17th general meeting of the board of directors shall be based on the equity distribution of the company on the third registration date of the 17th general meeting of the board of directors. The profit distribution plan is as follows:
The company plans to distribute a cash dividend of RMB 2.81 (including tax) to all shareholders for every 10 shares based on the total share capital on the equity registration date on which the equity distribution is implemented. As of December 31, 2021, the total share capital of the company is 757905108 shares. Based on this calculation, the total cash dividend to be distributed is RMB 212971335 (including tax). The annual dividend amount of the company in 2021 accounted for 30.1% of the net profit attributable to the common shareholders of the listed company in the consolidated statement. This dividend will not be given bonus shares, nor will the capital reserve be converted into share capital, and the remaining undistributed profits will be carried forward to the next year.
The above cash dividends are expected to be distributed before August 31, 2022, and the specific date will be specified in the equity distribution implementation announcement. If the total share capital of the company changes from the date of disclosure of this announcement to the date of equity distribution and equity registration, the company plans to maintain 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 needs to be submitted to the general meeting of shareholders for deliberation.
2、 Decision making procedures performed by the company
1. Convening, deliberation and voting of the board meeting
The company held the 17th meeting of the third board of directors on March 25, 2022, reviewed and approved the profit distribution plan for 2021 with 12 affirmative votes, 0 negative votes and 0 abstention votes, and agreed to submit the proposal to the general meeting of shareholders for deliberation.
2. Opinions of independent directors
In accordance with relevant laws, regulations and normative documents such as the guidelines for self discipline supervision of listed companies No. 1 – standardized operation of Shanghai Stock Exchange, the relevant provisions on profit distribution in the articles of association and the actual situation of the company, we believe that the profit distribution plan of the company for 2021 proposed by the board of directors is in line with the actual situation of the company and the relevant dividend policies and regulations in the articles of association, realizing a reasonable return on investment to investors, It also takes into account the sustainable development of the company and protects the interests of investors, especially small and medium-sized investors. We agree to the profit distribution plan and agree to submit the profit distribution plan to the general meeting of shareholders for deliberation.
3. Opinions of the board of supervisors
The company held the 15th meeting of the third board of supervisors on March 25, 2022, deliberated and adopted the profit distribution plan for 2021 with 3 affirmative votes, 0 negative votes and 0 abstention votes, and agreed to submit the proposal to the general meeting of shareholders for deliberation.
The supervisors attending the meeting believed that the profit distribution of the company in 2021 was in line with relevant laws, regulations, normative documents and the relevant provisions on profit distribution in the articles of association, fully considered the operation status, future development and return on investment of the company, and was in line with the interests of the company and all shareholders. They agreed to submit the proposal to the 2021 annual general meeting of shareholders of the company for deliberation.
3、 Relevant risk tips
This profit distribution plan combines the company’s operating conditions, future development, capital demand and other factors, and will not have a significant impact on the company’s operating cash flow, nor will it affect the company’s normal operation and long-term development.
The profit distribution plan can only be implemented after being submitted to the 2021 annual general meeting of shareholders of the company for deliberation and approval. Please pay attention to the investment risks.
It is hereby announced.
Yangtze Optical Fibre And Cable Joint Stock Limited Company(601869) board of directors March 25, 2002
