Stock abbreviation: Guangzhou Development Group Incorporated(600098) Stock Code: Guangzhou Development Group Incorporated(600098) Lin No. 2022027
Corporate bond abbreviation: G17 development 1 corporate bond Code: 127616
Corporate bond abbreviation: 21 suifa 01, 21 suifa 02 corporate bond Code: 188103, 188281 Guangzhou Development Group Incorporated(600098)
Announcement of 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:
● cash dividend of 0.10 yuan (including tax) per share of a shares;
● the profit distribution is based on the total share capital on the date of equity distribution registration minus the balance of shares in the company's special account for repurchase, and the specific date will be specified in the announcement on the implementation of equity distribution; ● 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、 Contents of profit distribution plan
Audited by Lixin 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 747357704552. According to the resolution of the board of directors, the company plans to distribute profits in 2021 based on the total share capital on the registration date of equity distribution shares minus the balance of shares in the company's special repurchase account. The profit distribution plan is as follows:
The company plans to distribute a cash dividend of 1 yuan (including tax) for every 10 shares to all shareholders ( Guangzhou Development Group Incorporated(600098) repurchase account excluded). As of December 31, 2021, the total share capital of the company is 3544055525 shares. After deducting 36620288 shares currently repurchased by the company, the total cash dividend to be distributed is 35074352370 yuan (including tax), accounting for 173.07% of the net profit attributable to the owner of the parent company in 2021.
If the total share capital of the company changes between the date of disclosure of this announcement and the date of equity registration of equity distribution, it is proposed to maintain the distribution proportion per share unchanged, adjust the total distribution accordingly, and make a separate announcement on the specific adjustment.
This profit distribution needs to be submitted to the general meeting of shareholders of the company for deliberation.
2、 Decision making procedures performed by the company
(I) convening, deliberation and voting of the board meeting
The company held the 43rd meeting of the 8th board of directors on April 7, 2022 to review the profit distribution plan, and all directors unanimously approved the proposal. The profit distribution plan shall be submitted to the general meeting of shareholders of the company for deliberation.
(II) opinions of independent directors
The independent directors reviewed and expressed the following opinions: the company's profit distribution plan for 2021 balanced the reasonable cash dividends to shareholders and the capital requirements for the company's business development. The profit distribution plan complies with the requirements of laws, regulations and other normative documents, the provisions of the articles of association and the plan for shareholders' dividend return in the next three years (20212023), the actual operation status and future development needs of the company, there is no damage to the rights and interests of the company and minority shareholders, and the long-term interests of the company and all shareholders. We agree to the profit distribution plan, And agreed to submit it to the 2021 annual general meeting of shareholders of the company for deliberation.
(III) opinions of the board of supervisors
The board of supervisors reviewed and issued the following opinions: the company's profit distribution plan for 2021 balanced the reasonable cash dividends to shareholders and the capital needs of the company's business development. The profit distribution plan complies with the requirements of laws, regulations and other normative documents, the provisions of the articles of association, the actual operation status and future development needs of the company. There is no damage to the rights and interests of the company and minority shareholders, and the long-term interests of the company and all shareholders. We agree to the profit distribution plan.
3、 Relevant risk tips
The profit distribution plan will not have a significant impact on the company's operating cash flow, normal operation and long-term development of the company in combination with the interests of shareholders, the company's development stage and the capital demand for future development.
It is hereby announced.
Guangzhou Development Group Incorporated(600098) board of directors
April 9, 2022
