Securities code: Tianjin Realty Development (Group) Co.Ltd(600322) securities abbreviation: Tianjin Realty Development (Group) Co.Ltd(600322) Announcement No.: 2022015 Tianjin real estate development (Group) Co., Ltd
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 note: the profit distribution plan for 2021 is: no cash dividends, no bonus shares, and no conversion of capital reserve into share capital. The profit distribution plan has been deliberated and approved at the 19th interim board meeting of the 10th Session of the company and the 8th interim board meeting of the 10th Session of the company, and needs to be submitted to the general meeting of shareholders of the company for deliberation.
1、 2021 profit distribution plan of the company
According to the audit of Zhongxi Certified Public Accountants (special general partnership), the parent company of Tianjin real estate development (Group) Co., Ltd. (hereinafter referred to as “the company” or ” Tianjin Realty Development (Group) Co.Ltd(600322) “) realized a net profit of -17481262352 yuan in 2021, and the undistributed profit at the beginning of the year was 2163192447 yuan. The undistributed profit balance of the parent company at the end of 2021 was -15318069905 yuan.
In view of the company’s loss in 2021, in combination with the company’s actual operation and long-term development capital needs, the company plans not to distribute cash dividends, bonus shares or convert capital reserve into share capital in 2021.
2、 Decision making procedures performed by the company
(I) review
On April 11, 2022, the company held the 19th interim board meeting of the 10th Session of the company and the 8th interim board meeting of the 10th Session of the company, and deliberated and approved the profit distribution plan for 2021. This profit distribution plan still needs to be submitted to the general meeting of shareholders for deliberation.
(II) opinions of independent directors
Independent directors have expressed independent opinions on this matter. For details, see Tianjin Realty Development (Group) Co.Ltd(600322) independent directors’ independent opinions on matters related to the 19th interim Board of directors of the 10th Session of the company.
(III) opinions of the board of supervisors
The company’s profit distribution plan for 2021 is in line with the actual operation of the company and the provisions of relevant laws, regulations and the articles of association, and there is no damage to the interests of the company and all shareholders. We agree to the company’s profit distribution plan for 2021.
3、 Relevant risk tips
The profit distribution plan can only be implemented after being submitted to the general meeting of shareholders of the company for deliberation and approval, and investors are reminded to pay attention to investment risks.
It is hereby announced.
Board of directors of Tianjin real estate development (Group) Co., Ltd
April 12, 2022
