Securities code: China Merchants Securities Co.Ltd(600999) securities abbreviation: China Merchants Securities Co.Ltd(600999) No.: 2022013 China Merchants Securities Co.Ltd(600999)
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 tips:
Distribution ratio per share: cash dividend of 0.540 yuan per share (tax included).
The profit distribution is based on the total share capital registered on the equity distribution registration date, and the specific date will be specified in the equity distribution implementation announcement.
If the total share capital of the company changes on the date of equity distribution, the company plans to maintain the total amount of distribution unchanged and adjust the amount of distribution per share accordingly.
1、 Contents of profit distribution plan
Audited by Deloitte Touche Tohmatsu (special general partnership), as of December 31, 2021, the profit available for investors of China Merchants Securities Co.Ltd(600999) (hereinafter referred to as the company) parent company is 2016546370205 yuan. According to the resolution of the board of directors, the company plans to distribute profits based on the total share capital registered on the date of equity distribution in 2021. The scheme of profit distribution and conversion of accumulation fund into share capital is as follows:
1. In 2021, the company will not withdraw the statutory surplus reserve. The company plans to distribute a cash dividend of 5.40 yuan (including tax) to all shareholders for every 10 shares. As of December 31, 2021, the total share capital of the company is 8696526806 shares. Based on this calculation, 469612447524 cash dividends (including tax) are proposed to be distributed. This cash dividend accounts for 40.33% of the net profit attributable to the shareholders of the parent company in the consolidated statements of the company in 2021.
2. In 2021, the company did not give bonus shares and did not convert capital reserve into share capital.
3. If the total share capital of the company changes on the date of equity distribution, the company plans to maintain the total amount of distribution unchanged and adjust the amount of distribution per share accordingly.
4. The above 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 benchmark exchange rate of RMB to Hong Kong dollars published by the people’s Bank of China five working days before the shareholders’ meeting of the company to review the profit distribution plan.
The profit distribution plan needs to be submitted to the general meeting of shareholders for deliberation.
2、 Decision making procedures performed by the company
(I) convening, deliberation and voting of the board meeting
The company held the 15th meeting of the 7th board of directors on March 27, 2022, which reviewed and approved the company’s 2021 annual profit distribution plan. The above plan needs to be submitted to the company’s 2021 annual general meeting for deliberation. The company will distribute the 2021 annual cash dividend within two months after the deliberation and approval of the general meeting, and the specific date will be specified in the announcement on the implementation of equity distribution.
The company will give further notice on the record date of this H-share dividend distribution, the period of suspension of shareholder transfer registration, as well as the equity registration date and specific distribution date of A-share dividend distribution.
(II) opinions of independent directors
The independent directors of the company express the following independent opinions on the above profit distribution plan: the profit distribution plan of the company in 2021 is reasonable, in line with the long-term interests of the company and shareholders, and in line with the relevant provisions of the regulatory guidelines for listed companies No. 3 – cash dividends of listed companies (revised in 2022), the self regulatory guidelines for listed companies on Shanghai Stock Exchange No. 1 – standardized operation and the China Merchants Securities Co.Ltd(600999) articles of association of the CSRC, There is no damage to the rights and interests of small and medium-sized investors. We agree to submit the plan to the 2021 annual general meeting of shareholders of the company for deliberation.
3、 Relevant risk tips
This profit distribution plan takes into account 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 Merchants Securities Co.Ltd(600999) board of directors March 27, 2022
