Stock Code: China Petroleum & Chemical Corporation(600028) stock abbreviation: China Petroleum & Chemical Corporation(600028) Announcement No.: 202210
China Petroleum & Chemical Corporation(600028)
Announcement of A-share profit distribution plan at the end of 2021
China Petroleum & Chemical Corporation(600028) the board of directors and all directors 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: at the end of 2021, A-Shares will be distributed with cash dividend of RMB 0.31 per share (including tax). The profit distribution is based on the total share capital registered on the equity registration date (Thursday), June 9, 2022. If the total share capital of the company changes before the equity registration date, it is proposed to maintain the distribution proportion per share unchanged, adjust the total distribution accordingly, and announce the specific adjustment separately.
1、 Contents of profit distribution plan
According to the audit of KPMG Huazhen Certified Public Accountants (special general partnership), as of December 31, 2021, the distributable profit of China Petroleum & Chemical Corporation(600028) (hereinafter referred to as ” China Petroleum & Chemical Corporation(600028) ” or “the company”) is RMB 1164382138798. According to the resolution of the seventh meeting of the eighth board of directors of the company, the company plans to make profit distribution based on the total share capital registered on the registration date of dividends and dividends at the end of 2021, that is, Thursday, June 9, 2022 (hereinafter referred to as “equity registration date”). The profit distribution plan is as follows:
The company plans to distribute a cash dividend of RMB 0.31 per share (including tax) based on the total share capital registered on the equity registration date. Based on 121071209646 shares of the company’s total share capital as of December 31, 2021, the company plans to pay a total cash dividend of 3753207499026 yuan (including tax) at the end of 2021. In addition, the cash dividend paid in the middle of 2021 is RMB 0.16 per share (including tax), and the annual dividend is RMB 0.47 per share (including tax). The proportion of the company’s cash dividend in 2021 (according to the consolidated statements of Chinese accounting standards) is 79.91%.
If the total share capital of the company changes from the date of disclosure of this announcement to the date of equity registration due to the conversion of convertible corporate bonds, share repurchase, share repurchase and cancellation of equity incentive grant, share repurchase and cancellation of major asset restructuring, the company plans to maintain the distribution proportion per share unchanged and adjust the total distribution accordingly. In case of subsequent changes in the total share capital, the specific adjustment will be announced separately.
The profit distribution plan complies with the profit distribution policy stipulated in the China Petroleum & Chemical Corporation(600028) articles of association and needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation.
2、 Decision making procedures performed by the company
(I) convening, deliberation and voting of the board meeting
China Petroleum & Chemical Corporation(600028) the board of directors held the 7th Meeting of the 8th board of directors on March 25, 2022. All directors reviewed and unanimously approved the profit distribution plan.
(II) opinions of independent non-executive directors
The independent non-executive directors of the company expressed their independent opinions on the profit distribution plan, and believed that the profit distribution plan comprehensively considered the return of shareholders, the company’s profitability, cash flow and future development needs, and complied with the articles of association, laws and regulations and relevant provisions of securities regulatory authorities. The decision-making procedure of this profit distribution plan complies with the provisions of relevant laws and regulations and the articles of association. There is no behavior damaging the rights and interests of the company and minority shareholders, and there are no major risks that may exist. We agree to the profit distribution plan.
(III) opinions of the board of supervisors
China Petroleum & Chemical Corporation(600028) the board of supervisors held the fourth meeting of the 8th board of supervisors on March 25, 2022. The board of supervisors considered that the profit distribution plan comprehensively considered the long-term interests of the company and shareholders’ rights and interests, and agreed to the profit distribution plan.
3、 Relevant risk tips
This profit distribution plan will not have a significant impact on the company’s 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, so as to draw the attention of investors to investment risks.
It is hereby announced.
Huang Wensheng, vice president and Secretary of the board of directors appointed by the board of directors, March 25, 2022
