Securities code: Kangping Technology (Suzhou) Co.Ltd(300907) securities abbreviation: Kangping Technology (Suzhou) Co.Ltd(300907) Announcement No.: 2022012 Kangping Technology (Suzhou) Co.Ltd(300907) (Suzhou) Co., Ltd
Announcement on 2021 profit distribution plan
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Kangping Technology (Suzhou) Co.Ltd(300907) (Suzhou) Co., Ltd. (hereinafter referred to as “the company”) held the first meeting of the Fourth Board of directors in 2022 and the first meeting of the Fourth Board of supervisors in 2022 on March 31, 2022, and deliberated and adopted the proposal on the company’s profit distribution plan in 2021. This proposal needs to be submitted to the general meeting of shareholders of the company for deliberation. The details are hereby announced as follows:
1、 Basic information of profit distribution plan
Audited by ShineWing Certified Public Accountants (special general partnership), the parent company achieved a net profit of 2479501206 yuan in 2021, withdrawn the statutory surplus reserve of 247950121 yuan, distributed profit of 4800000000 yuan, and the undistributed profit of 2486699906 yuan at the beginning of the year. As of December 31, 2021, the cumulative distributable profit of the parent company was -81749009 yuan; In the consolidated financial statements of the company, the net profit attributable to the owners of the parent company in 2021 was 1810663427 yuan, the statutory surplus reserve was 247950121 yuan, the distributed profit was 4800000000 yuan, and the undistributed profit at the beginning of the year was 19572777044 yuan. As of December 31, 2021, the distributable profit in the consolidated financial statements was 16335490350 yuan.
In combination with the operation of the company in 2021 and the capital demand for the development of the company in 2022, in order to ensure the normal operation and healthy and sustainable development of the company and protect the long-term interests of the company and all shareholders, the profit distribution plan of the company in 2021 is: no cash dividend, no bonus shares and no capital reserve converted into share capital. 2、 Reasons for not distributing profits and the purpose and plan of undistributed profits
In 2021, the company’s net profit declined significantly due to the large rise in commodity prices, the depreciation channel of the US dollar against the RMB, the promotion of the national goal of “energy conservation and carbon reduction”, the rise in international airline freight, the epidemic prevention and control of the company’s Vietnam subsidiary and other factors.
In the half year of 2021, the company actively rewarded the shareholders in combination with the operating conditions and profitability at that time, and implemented the equity distribution plan for the half year of 2021 on October 18, 2021. Specifically, based on the total share capital of 9 Shanghai Pudong Development Bank Co.Ltd(600000) 00 shares of the company as of June 30, 2021, the company distributed cash dividends of 2.50 yuan (tax included) for every 10 shares to all shareholders, with a total cash dividend of 24 million yuan (tax included). No bonus shares will be given and no capital reserve will be converted into share capital. For details, please refer to the company’s website (www.cn. Info. Com. CN.) on October 11, 2021 Announcement on the implementation of equity distribution in the half year of 2021 (Announcement No.: 2021053) disclosed on the.
In 2022, the company has a large demand for funds, and the retained undistributed profits will be used to continue to expand production capacity, increase product R & D investment, promote product upgrading, and actively explore new customers and markets.
To sum up, in order to ensure the normal operation and healthy and sustainable development of the company, and protect the long-term interests of the company and all shareholders, the company decided not to distribute cash dividends, bonus shares or increase share capital with capital reserve in 2021, and the remaining undistributed profits were carried forward for future annual distribution.
3、 Legality and compliance of profit distribution plan
The profit distribution plan complies with the company law, the accounting standards for business enterprises, the notice on further implementing matters related to cash dividends of listed companies issued by the CSRC, the guidelines for the supervision of listed companies No. 3 – cash dividends of listed companies issued by the CSRC and other relevant laws and regulations, as well as the articles of association and the plan for shareholders’ dividend return in the first three years after initial public offering and listing on the gem, It conforms to the company’s profit distribution policy and shareholder return plan, meets the needs of the company’s future operation and development, helps to ensure the normal operation and healthy and sustainable development of the company, protects the long-term interests of the company and all shareholders, and has legitimacy, compliance and rationality. 4、 Review procedures and relevant opinions for implementation
1. Deliberations of the board of directors
The company held the first meeting of the Fourth Board of directors in 2022 on March 31, 2022, deliberated and adopted the proposal on the company’s profit distribution plan in 2021. The board of Directors believes that the company’s profit distribution plan for 2021 is in line with the actual situation of the company, the relevant provisions of the company law, the articles of association and the plan for shareholders’ dividend return in the first three years after initial public offering and listing on the gem, the profit distribution policy determined by the company and relevant commitments made by the company, and can promote the sustainable and stable development of the company.
2. Deliberation of the board of supervisors
The company held the first meeting of the Fourth Board of supervisors in 2022 on March 31, 2022, deliberated and adopted the proposal on the company’s profit distribution plan in 2021. The board of supervisors believes that the profit distribution plan for 2021 formulated by the company conforms to the actual situation of the company, is conducive to ensuring the normal production and operation of the company, conforms to the profit distribution policy determined by the company and relevant commitments made by the company, and can promote the sustainable and stable development of the company. Therefore, we agree to the company’s profit distribution plan for 2021.
3. Opinions of independent directors
Based on the actual situation, the company puts forward the profit distribution plan for 2021, which meets the needs of the company’s business development and the provisions of relevant laws and regulations, the articles of association and the plan for shareholders’ dividend return in the first three years after initial public offering and listing on the gem, which is conducive to the long-term development of the company and does not damage the interests of the company and shareholders, especially small and medium-sized shareholders. Therefore, we unanimously agree to the company’s profit distribution plan for 2021.
4、 Other instructions
1. Before the disclosure of this profit distribution plan, the company strictly controlled the scope of insiders in strict accordance with laws, regulations, normative documents and relevant provisions of the company’s system, performed the obligation of confidentiality and prohibition of insider trading to relevant insiders, and timely filed insiders to prevent the disclosure of insider information.
2. This profit distribution plan can only be implemented after being deliberated and approved by the general meeting of shareholders of the company. There is uncertainty. Please invest rationally and pay attention to investment risks.
5、 Documents for future reference
1. Resolution of the first meeting of the Fourth Board of directors in 2022;
2. Resolutions of the first meeting of the Fourth Board of supervisors in 2022;
2. Independent opinions of independent directors on matters related to the first meeting of the Fourth Board of directors in 2022.
It is hereby announced.
Board of directors of Kangping Technology (Suzhou) Co.Ltd(300907) (Suzhou) Co., Ltd. April 2, 2022
