Securities code: Angel Yeast Co.Ltd(600298) securities abbreviation: Angel Yeast Co.Ltd(600298) Lin No. 2022029 Angel Yeast Co.Ltd(600298)
Announcement on 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:
● distribution proportion per share: A shares will be distributed with a cash dividend of 0.5 yuan per share (including tax) ● this profit distribution is based on the total share capital registered on the equity registration date of equity distribution, 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.
1、 Profit distribution plan for 2021
Audited by Daxin Certified Public Accountants (special general partnership), as of December 31, 2021, the company's profit available for distribution at the end of the period was RMB 526980443851. 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:
According to the relevant provisions of China Securities Regulatory Commission, Shanghai Stock Exchange and the articles of association, in combination with the company's historical dividend level, asset liability ratio and undistributed profits, and comprehensively considering the long-term shareholder structure and demands, it is proposed to use the total share capital of 832860943 shares at the end of 2021 to deduct 168000 shares that do not participate in profit distribution, and it is proposed to repurchase restricted shares, i.e. 832692943 shares, as the base, and distribute cash dividends of 5 yuan (including tax) for every 10 shares, The estimated distribution amount is 41634647150 yuan. The company's cash dividends accounted for 31.82% of the net profit attributable to the parent company in this year.
The profit distribution plan 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) deliberation procedures of the board of directors
On March 25, 2022, the company held the 39th meeting of the 8th board of directors. With 11 affirmative votes, 0 negative votes and 0 abstention votes, the company reviewed and approved the proposal on profit distribution plan for 2021 and profit distribution forecast for 2022, and agreed to submit the profit distribution plan for 2021 to the company's 2021 annual general meeting for deliberation.
(II) opinions of independent directors
The independent directors reviewed the profit distribution of the company in 2021 in advance, communicated with the board of directors and the management on relevant matters, and expressed their prior approval opinions on the matter based on the principle of independent and objective judgment.
The independent directors believe that the company's profit distribution plan for 2021 is in line with the actual situation of the company, takes into account the interests of the company and shareholders, does not harm the interests of investors, complies with relevant laws, regulations and the articles of association, and is conducive to the sustainable, stable and healthy development of the company. We unanimously agree to the company's profit distribution plan for 2021 and agree to submit the plan to the company's 2021 annual general meeting for deliberation.
(III) opinions of the board of supervisors
The 34th meeting of the 8th board of supervisors of the company considered and approved the proposal on profit distribution plan for 2021 and profit distribution forecast for 2022 by 3 votes in favor, 0 against and 0 abstention.
The board of supervisors believes that the profit distribution plan for 2021 objectively reflects the actual operation of the company in 2021, the profit distribution policies and procedures are legal and compliant, and there is no damage to the interests of the company's shareholders.
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.
Angel Yeast Co.Ltd(600298) board of directors March 29, 2022
