Securities code: Hangzhou Prevail Optoelectronic Equipment Co.Ltd(300710) securities abbreviation: Hangzhou Prevail Optoelectronic Equipment Co.Ltd(300710) Announcement No.: 2022021
Hangzhou Prevail Optoelectronic Equipment Co.Ltd(300710)
Announcement on profit distribution plan in 2021
The company’s records, omissions and material information disclosed by the board of directors are not true or misleading.
Hangzhou Prevail Optoelectronic Equipment Co.Ltd(300710) (hereinafter referred to as “the company”) deliberated and adopted the proposal on profit distribution plan in 2021 at the 15th meeting of the 4th board of directors and the 11th meeting of the 4th board of supervisors held on April 6, 2022. This matter still needs to be submitted to the 2021 annual general meeting of the company for deliberation and approval. The relevant information is hereby announced as follows:
1、 Specific contents of the plan for profit distribution and conversion of capital reserve into share capital
According to the audit of Zhitong Certified Public Accountants (special general partnership), the company’s net profit attributable to the owner of the parent company in 2021 was 313823 million yuan, the accumulated undistributed profit at the end of the year was 2413337 million yuan, the net profit of the parent company in 2021 was 202307 million yuan, and the accumulated undistributed profit of the parent company by the end of 2021 was 2223445 million yuan.
The company plans not to distribute cash dividends or bonus shares. Based on the total number of 68614000 shares as of April 6, 2022, the company will increase 4.5 shares per 10 shares of capital reserve to all shareholders, with a total of 30876300 shares (Note: the final amount of increase will be subject to the actual increase result of China Securities Depository and Clearing Co., Ltd.). After the increase, the total share capital of the company will increase to 99490300 shares.
2、 Reasons for no profit distribution in 2021
According to the company law of the people’s Republic of China, the Hangzhou Prevail Optoelectronic Equipment Co.Ltd(300710) articles of association and the plan for shareholders’ dividend return in the next three years (20202022), in view of the current important development period of the company, in 2020, due to the needs of the planning and construction of the people’s Government of Guali Town, Xiaoshan District, Hangzhou, the company demolished the plant, shed and ancillary facilities, and is currently in the construction of new plant; The 14th meeting of the 4th board of directors held on February 21, 2022 deliberated and approved the proposal on participating in the establishment of limited partnership, and proposed to sign the partnership agreement of Hangzhou tiandaocheng technology partnership (limited partnership) with Gongqingcheng tiandaocheng investment partnership (limited partnership), Guilin Fuda Co.Ltd(603166) , Hangzhou ruihefeng technology partnership (limited partnership). The total scale of the partnership is RMB 605 million, As a limited partner, the company plans to use its own funds to contribute 100 million yuan. Considering the above matters and the great demand for funds for the company’s future business expansion, in order to improve the profitability of the company and maximize the interests of the company and shareholders, the board of directors of the company plans not to distribute cash dividends and bonus shares in 2021, and all the retained profits will be used for the business development of the company.
3、 Purpose and use plan of undistributed profits of the company
The undistributed profits in 2021 are accumulated and rolled over to the next year, which is mainly used to support the needs of the company’s operation and development and provide a reliable guarantee for the smooth implementation of the company’s development strategy. In strict accordance with the company law, the securities law, the articles of association and the requirements of regulatory authorities, the company will comprehensively consider various factors related to profit distribution from the perspective of conducive to the development of the company and the return of investors, and strive to create long-term investment value for shareholders.
4、 Opinions of independent directors
After verification, the independent directors believe that the profit distribution plan of the company in 2021 complies with the provisions of the company law of the people’s Republic of China (hereinafter referred to as the “company law”), the Listing Rules of gem shares of Shenzhen Stock Exchange, the articles of association, the three-year dividend return plan after the listing of the company and relevant accounting standards and policies, and does not damage the interests of the shareholders of the company, especially the minority shareholders, It is conducive to the normal operation and healthy development of the company. We agree to the proposal on the profit distribution plan for 2021 and agree to submit it to the 2021 annual general meeting for deliberation and implementation.
5、 Opinions of the board of supervisors
After deliberation, the board of supervisors believes that the company’s profit distribution plan for 2021 is in line with the current actual situation of the company, takes into account the interests of the company and shareholders, complies with relevant laws and regulations and the provisions of the articles of association, and is conducive to the sustainable, stable and healthy development of the company.
6、 Other instructions
This profit distribution plan needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation and implementation. There is still uncertainty. Please pay attention to the investment risk!
It is hereby announced.
Hangzhou Prevail Optoelectronic Equipment Co.Ltd(300710) board of directors April 7, 2022
