Securities code: Xinxiang Richful Lube Additive Co.Ltd(300910) securities abbreviation: Xinxiang Richful Lube Additive Co.Ltd(300910) Announcement No.: 2022014 Xinxiang Richful Lube Additive Co.Ltd(300910)
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.
Xinxiang Richful Lube Additive Co.Ltd(300910) (hereinafter referred to as “the company”) held the seventh meeting of the third board of directors and the seventh meeting of the third board of supervisors on April 8, 2022. The meeting deliberated and adopted the proposal on the company’s profit distribution plan in 2021. The specific situation is hereby announced as follows:
1、 Contents of 2021 profit distribution plan
Audited by Zhonghui Certified Public Accountants (special general partnership), the net profit attributable to the owner of the parent company in the consolidated statements of the company in 2021 was 2010474 million yuan, and the parent company realized a net profit of 1990519 million yuan. In accordance with the provisions of the company law and the articles of association, the statutory surplus reserve of RMB 19.952 million was withdrawn, plus the undistributed profit of RMB 3506192 million at the beginning of the period, minus the cash dividend of RMB 120 million in 2020 issued in 2021. As of December 31, 2021, the audited profit available for distribution to shareholders was RMB 4117614 million.
Based on the company’s sustained and steady profitability, good financial condition and good expectations for future development, in order to actively and reasonably repay investors and share enterprise value, the company plans to make the following distribution based on the total share capital of 150000000 shares at the end of 2021:
Distribute cash dividends of 8 yuan (including tax) to all shareholders for every 10 shares, totaling 120 million yuan. In this year, the company will not convert capital reserve into share capital and will not give bonus shares. After the above distribution, all the remaining undistributed profits are carried forward to subsequent years.
2、 Relevant review procedures performed
The company held the third meeting of the audit committee of the third board of directors on March 29, 2022, the seventh meeting of the third board of directors and the seventh meeting of the third board of supervisors on April 8, 2022, and deliberated and adopted the proposal on the company’s profit distribution plan in 2021; The independent directors of the company have expressed their independent opinions on this proposal. For details, please refer to the relevant announcement issued by the company on cninfo.com on April 12, 2022.
The company’s profit distribution plan for 2021 needs to be submitted to the company’s 2021 annual general meeting for deliberation, and can be implemented only after it is approved by more than two-thirds of the voting rights held by the shareholders attending the general meeting.
3、 Other information
According to the articles of association and relevant normative documents, the company’s profit distribution plan for 2021 complies with the distribution policies specified in the articles of association and meets relevant requirements and regulations. Before the disclosure of the matters in this proposal, the company has strictly controlled the scope of insiders and fulfilled the obligation of confidentiality and prohibition of insider trading to relevant insiders.
The company’s 2021 profit distribution plan can only be implemented after being deliberated and approved by the company’s 2021 annual general meeting of shareholders. Please invest rationally and pay attention to investment risks.
4、 Documents for future reference
1. Resolutions of the 7th Meeting of the 3rd board of directors;
2. Resolution of the 7th Meeting of the 3rd board of supervisors
3. Independent opinions of independent directors on matters related to the seventh meeting of the third board of directors
It is hereby announced
Xinxiang Richful Lube Additive Co.Ltd(300910) board of directors April 12, 2022
