Stock Code: Anhui Expressway Company Limited(600012) stock abbreviation: Anhui Expressway Company Limited(600012) No.: pro 2022012
Anhui Expressway Company Limited(600012)
Announcement on 2021 profit distribution plan
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 0.55 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 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 announce the specific adjustment separately.
● this announcement is not an announcement on the implementation of equity distribution. The profit distribution plan disclosed in this announcement has yet to be considered by the company's 2021 annual general meeting of shareholders. The specific arrangement of profit distribution will be specified in the announcement on the implementation of equity distribution.
1、 2021 profit distribution plan
Audited by PricewaterhouseCoopers Zhongtian Certified Public Accountants (special general partnership), the net profit of Anhui Expressway Company Limited(600012) ("the company") in the accounting statements prepared in accordance with Chinese accounting standards in 2021 is RMB 1412094 thousand, and the annual profit of the accounting statements prepared in accordance with Hong Kong accounting standards is RMB 1409981 thousand. Since the cumulative amount of the company's statutory surplus reserve has reached more than 50% of the total share capital, it will not be withdrawn this year. The profits available for distribution to shareholders in accordance with Chinese accounting standards and Hong Kong accounting standards are RMB 1412094000 and RMB 1409981000 respectively. According to the relevant provisions of the state, the distribution shall be based on the lower of the profits available for distribution to shareholders calculated according to the accounting standards at home and abroad. Therefore, the profit available for distribution to shareholders in 2021 is RMB 1409981000. The board of Directors proposes to pay a cash dividend of RMB 5.5 (including tax) for every 10 shares based on the total share capital of 1658610000 shares of the company, with a total dividend of RMB 912235000, accounting for 60.25% of the net profit attributable to the shareholders of the listed company in the consolidated statements of 2021. This year, the company does not implement the plan of converting capital reserve into share capital.
If the total share capital of the company changes before the equity registration date of equity distribution in this year, it is proposed to maintain the distribution proportion per share unchanged, adjust the total distribution accordingly, and announce the specific adjustment 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 19th meeting of the 9th board of directors on March 28, 2022. The meeting unanimously approved the profit distribution plan for 2021 and agreed to submit the profit distribution plan to the 2021 annual general meeting of shareholders of the company for deliberation. The company will distribute the cash dividend of 2021 within two months after the general meeting of shareholders deliberates and approves the profit distribution plan of 2021, and the specific date will be specified in the announcement on the implementation of equity distribution.
(II) opinions of independent directors
The independent directors believe that the annual profit distribution plan formulated by the board of directors complies with the provisions of relevant laws and regulations, the articles of association and the actual situation of the company. The plan meets the requirements of the articles of association and the shareholder return plan for Anhui Expressway Company Limited(600012) next three years (20212023) on cash dividend standard and dividend proportion. The cash dividend policy implemented by the company maintains the continuity and stability of profit distribution, conforms to the overall and long-term interests of shareholders, and is conducive to the long-term development of the company.
(III) opinions of the board of supervisors
The company's 2021 profit distribution plan complies with relevant laws and regulations, the articles of association and the shareholder return plan for Anhui Expressway Company Limited(600012) next three years (20212023), and strictly implements the cash dividend decision-making procedure. The company's profit distribution plan for 2021 comprehensively considers the company's operation status, future capital demand, shareholders' interests and the company's development. Therefore, the board of supervisors agreed to this profit distribution plan.
3、 Relevant risk tips
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.
It is hereby announced.
Anhui Expressway Company Limited(600012) board of directors March 28, 2022
