Securities code: China Pacific Insurance (Group) Co.Ltd(601601) securities abbreviation: China Pacific Insurance (Group) Co.Ltd(601601) Announcement No.: 2022010 important tips
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.
China The Pacific Securities Co.Ltd(601099) insurance (Group) Co., Ltd
Announcement of profit distribution plan in 2021
Important note: cash dividend of RMB 1.0 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.
1、 Contents of profit distribution plan
Audited by PricewaterhouseCoopers Zhongtian Certified Public Accountants (special general partnership), the consolidated financial statements prepared by China The Pacific Securities Co.Ltd(601099) insurance (Group) Co., Ltd. (hereinafter referred to as "the company") in accordance with the Chinese accounting standards for business enterprises in 2021 have a net profit attributable to the shareholders of the parent company of RMB 26.834 billion and a net profit of RMB 13.579 billion. According to the articles of association and other relevant provisions, if the cumulative amount of the company's statutory surplus reserve is more than 50% of the company's registered capital, it may not be withdrawn. After carrying forward the undistributed profits of the previous year, the undistributed profits in the financial statements of the parent company under the Chinese accounting standards for business enterprises at the end of 2021 were 41.396 billion yuan.
According to the resolution of the board of directors of the company, the profit distribution plan of the company for 2021 is: the profit distribution of the company for 2021 is based on the audited financial statements of the parent company. It is proposed to distribute the annual cash dividend of RMB 1.0 per share (including tax) according to the total share capital of 9620341455 shares, with a total distribution of RMB 9620341455, and the remaining undistributed profits are carried forward to 2022. The total cash dividends of the company in 2021 accounted for 35.9% of the net profit attributable to the shareholders of the parent company this year.
After the cash dividend distribution, the group's solvency adequacy ratio has no significant impact, and it is expected that the implementation of phase II of the second generation of repayment will still meet the regulatory requirements.
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 9th board of directors on March 25, 2022, deliberated and approved the proposal on the 2021 annual profit distribution proposal of China The Pacific Securities Co.Ltd(601099) insurance (Group) Co., Ltd., agreed to the profit distribution plan and agreed to submit the plan to the 2021 annual general meeting of shareholders of the company for deliberation.
(II) opinions of independent directors
The independent directors of the company have expressed their independent opinions on this profit distribution plan. The independent directors believe that the proposed profit distribution plan of the company in 2021 complies with the relevant provisions of the guidelines for the supervision of listed companies No. 3 - cash dividends of listed companies, the guidelines for the supervision of Listed Companies in Shanghai Stock Exchange No. 1 - standardized operation and the articles of association, In line with the actual situation of the company and conducive to the sustainable and healthy development of the company, and there is no damage to the interests of the shareholders of the company, it is agreed that the profit distribution plan will be submitted to the 2021 annual general meeting of shareholders of the company for deliberation after being reviewed and approved by the board of directors.
(III) opinions of the board of supervisors
The board of supervisors of the company believes that the board of directors strictly implemented the cash dividend policy and shareholder return plan, strictly performed the corresponding decision-making procedures for cash dividend, and disclosed the cash dividend policy and its implementation in a true, accurate and complete manner.
3、 Relevant risk tips
Cash dividends have no significant impact on the company's earnings per share, cash flow status and production and operation.
It is hereby announced.
Board of directors of China The Pacific Securities Co.Ltd(601099) insurance (Group) Co., Ltd. March 28, 2022
