Securities code: Shenzhen Cotran New Material Co.Ltd(300731) securities abbreviation: Shenzhen Cotran New Material Co.Ltd(300731) Announcement No.: 2022010 Shenzhen Cotran New Material Co.Ltd(300731)
Announcement on the company’s profit distribution plan for 2021
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.
Shenzhen Cotran New Material Co.Ltd(300731) (hereinafter referred to as “the company” and ” Shenzhen Cotran New Material Co.Ltd(300731) “) deliberated and adopted the proposal on the company’s profit distribution plan in 2021 at the sixth meeting of the third board of directors and the fifth meeting of the third board of supervisors held on April 8, 2022. This proposal still needs to be submitted to the company’s annual general meeting in 2021 for deliberation. The basic information of the proposal is hereby announced as follows:
1、 Basic information of profit distribution plan
1. Specific contents of 2021 profit distribution plan
According to the standard unqualified audit report issued by notarized Tianye Certified Public Accountants (special general partnership) for the company, the net profit attributable to the shareholders of the listed company in 2021 was -1274781668 yuan, and the net profit of the parent company was -647151331 yuan. According to the relevant provisions of the company justice and the articles of association, the statutory surplus reserve of 0 yuan was withdrawn according to 10% of the net profit of the parent company in 2021, Plus 14893505242 yuan of undistributed profits from previous years, minus 1258598456 yuan of cash dividends distributed in 2020, the profit available for distribution to investors at the end of this year is 12987755455 yuan, and the balance of capital reserve of the parent company at the end of this year is 344299600 yuan. Based on the above situation, according to the relevant provisions of the company law and the articles of association, the company comprehensively considers the current operating conditions and future development needs. In 2021, the company plans not to distribute cash dividends, bonus shares or increase share capital with accumulation fund, and the undistributed profits will be carried forward to the next year.
2. Reasons for non distribution of profits in 2021
In view of the fact that the company is currently in the key stage of new business development, in accordance with relevant laws and regulations and the relevant provisions of the articles of association, combined with the actual situation of the company’s operation and development and the medium and long-term development plan, in order to better ensure the smooth implementation of the company’s strategic plan, realize the sustainable and stable development of the company and create greater value for investors, the company plans not to distribute profits in 2021.
3. Purpose and plan of undistributed profits
The company’s general operating profit and undistributed profit in the next year will be rolled over to meet the company’s general operating profit in 2021. In the future, the company will always pay attention to the return to shareholders in the form of cash dividends, strictly abide by relevant laws and regulations and the provisions of the articles of association, comprehensively consider various factors related to profit distribution, actively implement the company’s profit distribution policy from the perspective of conducive to the development of the company and shareholder return, and share the achievements of the company’s development with the majority of investors.
2、 Opinions of independent directors
The independent directors of the company believe that the plan proposed by the board of directors of the company not to carry out profit distribution in 2021 is in line with the actual situation of the company and the cash dividend policy specified in the articles of association. The profit distribution plan has legitimacy, compliance and rationality, does not damage the rights and interests of minority shareholders, and is conducive to the long-term development of the company. Therefore, we agree to the company’s 2021 profit distribution plan and agree to submit it to the company’s 2021 annual general meeting for deliberation.
3、 Opinions of the board of supervisors
The board of supervisors considered that the profit distribution plan of the company in 2021 was in line with the actual situation of the company, gave better consideration to the immediate and long-term interests of shareholders on the premise of ensuring the normal operation and long-term development of the company, complied with the relevant provisions of the guidelines for the supervision of listed companies No. 3 – cash dividends of listed companies (revised in 2022), and there was no violation of laws and regulations Violation and damage to the interests of shareholders of the company, especially minority shareholders.
4、 Documents for future reference
1. Resolution of the sixth meeting of Shenzhen Cotran New Material Co.Ltd(300731) the third board of directors;
2. Independent opinions of Shenzhen Cotran New Material Co.Ltd(300731) independent directors on matters related to the sixth meeting of the third board of directors;
3. Resolution of the 5th meeting of Shenzhen Cotran New Material Co.Ltd(300731) the 3rd board of supervisors; 4. Other documents for future reference specified by Shenzhen Stock Exchange.
It is hereby announced.
Shenzhen Cotran New Material Co.Ltd(300731) board of directors
April 9, 2002
