Securities code: Huabao Flavours & Fragrances Co.Ltd(300741) securities abbreviation: Huabao Flavours & Fragrances Co.Ltd(300741) Announcement No.: 2022018 Huabao Flavours & Fragrances Co.Ltd(300741)
Announcement on 2021 profit distribution plan
The company and all members of the board of directors except Mr. Lin Jiayu guarantee that there are no false records, misleading statements or major omissions in the contents of the announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of the contents.
Huabao Flavours & Fragrances Co.Ltd(300741) (hereinafter referred to as "the company") held the 24th Meeting of the second board of directors and the 11th meeting of the second board of supervisors on March 25, 2022, and deliberated and adopted the company's 2021 profit distribution plan. The details are hereby announced as follows:
1、 Specific contents of profit distribution plan
Audited by PricewaterhouseCoopers Zhongtian Certified Public Accountants (special general partnership), the company realized a net profit of 100435198600 yuan attributable to the listed company and 189444669600 yuan attributable to the parent company in 2021. The statutory surplus reserve accrued by the parent company has reached 50% of the paid in share capital, and will not be withdrawn in 2021. As of December 31, 2021, the accumulated undistributed profit in the consolidated statements of the company is 217934941400 yuan, and the accumulated undistributed profit of the parent company is 196722750200 yuan.
On the premise of ensuring the normal operation and long-term development of the company, in order to continuously repay the shareholders and share the operating results of the company's development with all shareholders, in accordance with the company law of the people's Republic of China, the notice on further implementing the matters related to cash dividends of listed companies issued by the CSRC, the guidelines for the supervision of listed companies No. 3 - cash dividends of listed companies issued by the CSRC and the relevant provisions of the articles of association, The board of directors proposed the company's profit distribution plan for 2021: Based on the total share capital of 61588000 shares as of December 31, 2021, distribute cash dividends of RMB 13.20 (including tax) to all shareholders for every 10 shares, with a total cash dividend of RMB 81296160000 (including tax). No capital reserve will be converted into share capital, no bonus shares will be given, and the remaining undistributed profits will be carried forward to the next year. If the share capital of the company changes before the implementation of the distribution plan, the distribution proportion will be adjusted according to the principle that the total distribution amount remains unchanged.
2、 Legality and compliance of profit distribution plan
The above profit distribution plan complies with the provisions of the company law, accounting standards for business enterprises, the notice on further implementing matters related to cash dividends of listed companies issued by the CSRC, the guidelines for the supervision of listed companies No. 3 - cash dividends of listed companies issued by the CSRC and the articles of association, complies with the profit distribution policies determined by the company and relevant commitments made, and is conducive to all shareholders sharing the operating results of the company, Match with the company's operating performance and future development.
3、 Decision making procedures performed by the company
(I) opinions of the board of directors
The company's profit distribution plan for 2021 fully considers the company's operation and development status, takes into account the reasonable return to investors and the company's sustainable development needs, and agrees to the company's profit distribution plan for 2021: Based on the company's total share capital of 61588000 shares at the end of 2021, the company will distribute cash dividends of 13.20 yuan (tax included) to all shareholders for every 10 shares, with a total of 81296160000 yuan (tax included).
(II) opinions of independent directors
The company's profit distribution plan for 2021 complies with the company law of the people's Republic of China, the articles of association and relevant regulations of the CSRC. The board of directors of the company has carefully studied and demonstrated the timing, conditions and proportion of the company's cash dividend. The independent directors believe that the profit distribution plan is in line with the company's profit distribution policy and will not affect the normal operation and long-term development of the company, and unanimously agree with the company's profit distribution plan for 2021, And agreed to submit the proposal to the general meeting of shareholders for deliberation.
(III) opinions of the board of supervisors
The board of supervisors considered that the company's profit distribution plan for 2021 was in line with the provisions of the articles of association, relevant accounting standards and policies, and the formulation procedure of the company's profit distribution plan was legal and compliant, which was conducive to the company's sustainable, stable and healthy development and repay the majority of shareholders, and agreed to the company's profit distribution plan for 2021.
4、 Other instructions
The profit distribution plan can only be implemented after being reviewed and approved by the company's 2021 annual general meeting of shareholders. Please pay attention to the investment risks.
5、 Documents for future reference
1. Resolution of the 24th Meeting of Huabao Flavours & Fragrances Co.Ltd(300741) the second board of directors;
2. Resolutions of the 11th meeting of Huabao Flavours & Fragrances Co.Ltd(300741) the second board of supervisors;
3. Opinions of Huabao Flavours & Fragrances Co.Ltd(300741) independent directors on matters related to the 24th Meeting of the second board of directors.
It is hereby announced.
Huabao Flavours & Fragrances Co.Ltd(300741)
Board of directors
March 26, 2022
