Securities code: Shanghai Huitong Energy Co.Ltd(600605) securities abbreviation: Shanghai Huitong Energy Co.Ltd(600605) Announcement No.: pro 2022008 Shanghai Huitong Energy Co.Ltd(600605)
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:
Cash dividend (including tax of RMB 088.00 per share)
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, the company plans to maintain the total distribution unchanged, adjust the distribution amount per share accordingly, and will announce the specific adjustment separately.
1、 Contents of profit distribution plan
Audited by Dahua Certified Public Accountants (special general partnership), as of December 31, 2021, the net profit attributable to the shareholders of the listed company realized according to the consolidated statement of Shanghai Huitong Energy Co.Ltd(600605) (hereinafter referred to as “the company”) was 6026738494 yuan, and the profit available for distribution at the end of the period was 28842983324 yuan. According to the resolution of the 18th meeting of the 10th board of directors, the company plans to distribute cash dividends in 2021 based on the total share capital registered on the date of equity distribution.
In view of the actual situation of the company’s business development in 2021, in order to ensure the long-term and steady development of the company, continuously create value for the majority of shareholders and share the company’s operating results with all shareholders, according to the relevant provisions of the company law, the articles of association and the resolution of the 18th meeting of the 10th board of directors, the company’s profit distribution plan for 2021 is as follows:
The company plans to distribute a cash dividend of 0.88 yuan (including tax) to all shareholders for every 10 shares. As of December 31, 2021, the total share capital of the company is 206282429 shares. Based on 206282429 shares, the total cash dividend to be distributed is 1815285375 yuan (including tax), accounting for 30.12% of the net profit attributable to shareholders of the listed company in the consolidated statement year. 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, the company plans to maintain the total distribution unchanged, adjust the distribution amount per share accordingly, and will 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
On March 31, 2022, the company held the 18th meeting of the 10th board of directors, deliberated and adopted the plan for profit distribution in 2021, with 7 affirmative votes, 0 negative votes and 0 abstention votes, and agreed to submit the proposal to the general meeting of shareholders for deliberation.
(II) opinions of independent directors
The cash dividend proportion of the company’s profit distribution plan in 2021 has reached 30% of the distributable profit realized in that year, which is in line with the provisions on dividend matters in laws and regulations and the articles of association, and fully considers the company’s current business development needs, profitability, capital requirements and other factors. There is no situation that damages the interests of shareholders, especially small and medium-sized shareholders, and is conducive to the sustainable and stable development of the company. The company’s profit distribution plan for 2021 was deliberated and adopted at the 18th meeting of the 10th board of directors. The voting procedure is open and transparent, and the deliberation procedure complies with the relevant provisions of laws and regulations and the articles of association. The independent directors of the company unanimously agreed to the proposal and agreed to submit it to the general meeting of shareholders of the company for deliberation.
(III) opinions of the board of supervisors
The company held the 16th meeting of the 10th board of supervisors on March 31, 2022, and deliberated and adopted the profit distribution plan with 3 affirmative votes, 0 negative votes and 0 abstention votes.
3、 Relevant risk tips
The profit distribution plan comprehensively considers the company’s development stage, profitability, reasonable return of investors, cash flow status and future capital demand, and is not expected to have a significant impact on the company’s operating cash flow, normal production and operation and long-term development.
The profit distribution plan can only be implemented after being submitted to the general meeting of shareholders for deliberation and approval. Please pay attention to investment risks and invest rationally.
It is hereby announced.
Shanghai Huitong Energy Co.Ltd(600605) board of directors April 2, 2022
