Stock abbreviation: Jiangsu Expressway Company Limited(600377) Stock Code: Jiangsu Expressway Company Limited(600377) No.: pro 2022019
Jiangsu Expressway Company Limited(600377)
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:
Cash dividend of RMB 0.46 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 before the equity registration date of equity distribution, it is proposed to maintain the distribution proportion per share unchanged, adjust the total distribution accordingly, and make a separate announcement on the specific adjustment. 1、 Contents of profit distribution plan
According to the audit of KPMG Huazhen Certified Public Accountants (special general partnership), as of December 31, 2021, Jiangsu Expressway Company Limited(600377) (hereinafter referred to as "the company") had the distributable profit of RMB 991940782611 at the end of the period. 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 RMB 4.60 (including tax) to all shareholders for every 10 shares. As of December 31, 2021, the total share capital of the company is 5037747500 shares. Based on this calculation, the total cash dividend to be distributed is 2317363850 yuan (including tax). The cash dividend ratio of the company in this year is 55.46%.
If the total share capital of the company changes from the date of disclosure of this announcement to the date of equity distribution and equity registration due to the conversion of convertible bonds into shares, share repurchase and cancellation, share repurchase and cancellation of equity incentive grant, and 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 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 8th meeting of the 10th board of directors on March 25, 2022 and approved the proposal of profit distribution plan in 2021, which needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation.
(II) opinions of independent directors
The independent directors express the following independent opinions: the company's profit distribution plan for 2021 is based on the company's current financial situation, capital demand and future development. It takes into account the company's development and the interests of shareholders, fully reflects the company's reasonable return on investment to shareholders, and takes into account the immediate and long-term interests of shareholders, which is conducive to the sustainable, stable and healthy development of the company, and conforms to the articles of association The relevant provisions of the CSRC and the Shanghai Stock Exchange on cash dividends of listed companies do not harm the interests of the company and shareholders. Approve the profit distribution plan for 2021 proposed by the board of directors of the company and submit it to the general meeting of shareholders for deliberation and approval.
(III) opinions of the board of supervisors
The board of supervisors reviewed and issued the following opinions: this profit distribution plan combines the company's development stage, future capital demand and other factors, takes into account the reasonable return of investors, complies with relevant laws and regulations and the relevant provisions on profit distribution in the articles of association, and does not damage the interests of minority shareholders. 3、 Relevant risk tips
This profit distribution plan combines the company's profitability, cash flow status, 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 sustainable, stable and healthy development.
The profit distribution plan can only be implemented after being submitted to the 2021 annual general meeting of shareholders for deliberation and approval, which is uncertain.
Please make rational judgment and pay attention to investment risks.
It is hereby announced.
Jiangsu Expressway Company Limited(600377) board of directors March 28, 2002
