Securities code: Youon Technology Co.Ltd(603776) securities abbreviation: Youon Technology Co.Ltd(603776) Announcement No.: 2022018
Convertible bond Code: 113609 bond abbreviation: Yong’an convertible bond
Youon Technology Co.Ltd(603776)
Announcement on 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:
● distribution ratio per share
Cash dividend of 0.1 yuan (including tax) per share of a shares.
● the profit distribution and capital reserve conversion to share capital plan is based on the total share capital registered on the equity distribution registration date minus the number of shares in the company’s special repurchase account. The specific date will be specified in the equity distribution implementation announcement.
● if the total share capital of the company changes before the equity registration date of equity distribution, it is proposed to adopt the principle of unchanged total cash distribution, adjust the amount of cash dividend per share accordingly, and announce the specific adjustment separately.
1、 Main contents of profit distribution plan
According to the audit of Rongcheng Certified Public Accountants (special general partnership), as of December 31, 2021, the distributable profit attributable to the listed company at the end of the period was 217298973025 yuan. According to the resolution of the board of directors, the profit distribution plan is based on the total share capital registered on the date of equity distribution minus the number 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) to all shareholders for every 10 shares based on the total share capital registered on the equity distribution registration date in 2021 minus the number of shares in the company’s special repurchase account. As of March 31, 2022, the total share capital of the company is 233425866 shares. After deducting 2750000 shares held in the special securities repurchase account on the same day, the total cash dividend to be distributed is 2306758660 yuan (including tax).
In 2021, the Company repurchased 2.75 million shares through centralized bidding trading through the special securities repurchase account, with a total transaction amount of 4995213868 yuan (excluding transaction costs), which is regarded as the amount of cash dividend and included in the relevant proportion of cash dividend in 2021.
To sum up, cash dividends in 2021 accounted for 166.54% of the net profit attributable to shareholders of listed companies this year.
2750000 shares of the company held by the company through the repurchase of special account will not participate in this profit distribution.
Before the equity registration date of equity distribution, if the total share capital of the company is changed due to the conversion of convertible bonds into shares, share repurchase and cancellation, share repurchase and cancellation of equity incentive grant, major asset restructuring and share repurchase and cancellation, the company plans to adopt the principle of unchanged total cash distribution and adjust the amount of cash dividend per share accordingly. In case of any subsequent change in the total share capital, the specific adjustment will be announced separately. The profit distribution plan needs to be submitted to the general meeting of shareholders for deliberation.
2、 Decision making procedures performed by the company
(I) convening, deliberation and voting of the board meeting
On April 12, 2022, the company held the 18th meeting of the third board of directors, deliberated and unanimously adopted the proposal on the company’s profit distribution plan in 2021.
(II) opinions of independent directors
Independent directors express the following independent opinions: the company’s profit distribution plan for 2021 comprehensively considers the company’s industry characteristics, development stage, profitability, capital demand and other factors, reflects the company’s long-term sustainable dividend policy, takes into account the reasonable return of shareholders and the needs of the company’s sustainable development, and there is no situation that damages the legitimate rights and interests of the company, shareholders, especially small and medium-sized shareholders. Therefore, we agree to the proposal and agree to submit it to the general meeting of shareholders of the company for deliberation.
(III) opinions of the board of supervisors
On April 12, 2022, the company held the 16th meeting of the third board of supervisors, deliberated and unanimously adopted the proposal on the company’s profit distribution plan in 2021. The board of supervisors believes that the profit distribution plan of the company for 2021 is made in combination with the actual situation and future development plan of the company, and complies with the relevant provisions of the company law, the securities law, the notice on matters related to the further implementation of cash dividends of listed companies, the guidelines for the supervision of listed companies No. 3 – cash dividends of listed companies, the guidelines for cash dividends of listed companies of Shanghai Stock Exchange and the articles of association, It does not harm the interests of the company and other shareholders, especially minority shareholders. Therefore, we agree to the company’s profit distribution plan for 2021.
3、 Relevant risk tips
(I) this profit distribution plan combines factors such as the company’s business operation and capital demand for future development, and will not have a significant impact on the company’s operating cash flow, normal operation and long-term development.
(II) the profit distribution plan can only be implemented after being submitted to the 2021 annual general meeting of shareholders of the company for deliberation and approval. Please pay attention to the investment risks.
It is hereby announced.
Youon Technology Co.Ltd(603776) board of directors April 13, 2022
