Securities code: Sichuan Tianwei Electronic Co.Ltd(688511) securities abbreviation: Sichuan Tianwei Electronic Co.Ltd(688511) Announcement No.: 2022012 Sichuan Tianwei Electronic Co.Ltd(688511)
Announcement on the company’s profit distribution plan for 2021
The board of directors and all directors of the company guarantee that there are no false records and misleading statements in the contents of this announcement. Important content tips:
Distribution ratio per share: cash dividend of 6.25 yuan (including tax) for every 10 shares of a shares.
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 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. The profit distribution plan has been deliberated and approved at the 12th meeting of the first board of directors and the 10th meeting of the first board of supervisors, and needs to be submitted to the 2021 annual general meeting of shareholders for deliberation.
1、 Contents of profit distribution plan
Audited by Sichuan Huaxin (Group) Certified Public Accountants (special general partnership), as of December 31, 2021, the distributable profit of the parent company at the end of the period was RMB 17205846847. 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 profit distribution plan is as follows:
The company plans to distribute a cash dividend of 6.25 yuan (including tax) to all shareholders for every 10 shares. As of December 31, 2021, the total share capital of the company is 80000000 shares. Based on this calculation, a total cash dividend of 50000000 yuan (including tax) is proposed to be distributed. The total cash dividends of the company in this year accounted for 43.65% of the net profit attributable to shareholders of Listed Companies in the consolidated statements. The company does not give bonus shares and does not convert capital reserve into share capital.
During the period from the disclosure of the distribution plan to the equity registration date of profit distribution, if the share capital of the company changes due to the listing of new shares, equity incentive exercise, convertible bond to share conversion, share repurchase and other reasons, the distribution proportion will be adjusted accordingly in accordance with the principle that the total amount of cash dividends remains unchanged.
2、 Decision making procedures performed by the company
(I) convening, deliberation and voting of the board meeting
The company held the 12th meeting of the first board of directors on March 25, 2022, deliberated and passed the proposal on the profit distribution plan of 2021, 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
After reviewing the proposal on the company’s profit distribution plan for 2021, we listened to the report of the company’s management on business and finance. We believe that the company’s profit distribution plan for 2021 is formulated on the premise of ensuring the normal operation and long-term development of the company and comprehensively considering the company’s profitability, operation status and investment return of all shareholders, The contents and deliberation procedures of the company’s profit distribution plan for 2021 comply with the provisions on profit distribution in the guidelines for the supervision of listed companies No. 3 – cash dividends of listed companies, the guidelines for cash dividends of listed companies of Shanghai Stock Exchange and the articles of association, and there is no situation that damages the legitimate interests of the company and minority shareholders.
Therefore, we agree to the proposal on the company’s profit distribution plan for 2021.
(III) opinions of the board of supervisors
The company held the 10th meeting of the first board of supervisors on March 25, 2022, and deliberated and passed the proposal on the profit distribution plan for 2021. The board of supervisors believed that the profit distribution plan for 2021 fully considered the actual situation of the company and did not harm the interests of shareholders, which was conducive to repay investors and maintain the sustainable, stable and healthy development of the company.
3、 Relevant risk tips
(I) analysis of the impact of cash dividends on earnings per share, cash flow status, production and operation of listed companies: this profit distribution plan combines the company’s development stage, future capital demand and other factors, and will not have a significant impact on the company’s operating cash flow, and will not affect the company’s normal operation and long-term development.
(II) description of other risks: the profit distribution plan can be implemented only after it is submitted to the 2021 annual general meeting of the company for deliberation and approval. Please pay attention to investment risks.
It is hereby announced.
Sichuan Tianwei Electronic Co.Ltd(688511) board of directors
March 28, 2022
