Announcement on no profit distribution plan in 2021
Securities code: Guangzhou Jinyi Media Corporation(002905) securities abbreviation: Guangzhou Jinyi Media Corporation(002905) Announcement No.: 2022005 Guangzhou Jinyi Media Corporation(002905)
Announcement on no profit distribution plan in 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.
Guangzhou Jinyi Media Corporation(002905) (hereinafter referred to as "the company", "the company" and " Guangzhou Jinyi Media Corporation(002905) ") respectively held the 11th meeting of the 4th board of directors and the 11th meeting of the 4th board of supervisors on April 13, 2022, deliberated and adopted the proposal on the company's profit distribution plan in 2021. The proposal still needs to be submitted to the 2021 general meeting of shareholders of the company for deliberation. The specific situation is hereby announced as follows:
1、 2021 profit distribution plan
According to the standard unqualified 2021 audit report issued by ShineWing 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 -35594938235 yuan, and the consolidated undistributed profit of the company was -57208931668 yuan as of December 31, 2021.
In order to ensure the sustainable, stable and healthy development of the company and better safeguard the long-term interests of all shareholders, the board of directors of the company put forward the profit distribution plan for 2021 as follows: no cash dividend, no bonus shares and no capital reserve converted into share capital in 2021.
2、 Reasons for no profit distribution in 2021
In 2021, despite the continuous improvement of China's epidemic prevention and control situation, the gradual recovery of the film market and a significant increase in operating revenue over the previous year, compared with 2019 before the epidemic, the overall market is still affected by the supply of films, especially the supply of imported films, and the repeated local epidemics in many places, the company's operating performance is still at a loss.
According to the notice on further implementing matters related to cash dividends of listed companies, the guidelines for the supervision of listed companies No. 3 - cash dividends of listed companies and other relevant provisions on profit distribution in the articles of association of China Securities Regulatory Commission, the company's performance in 2021 was lost and did not meet the conditions for cash dividends.
Announcement on no profit distribution plan in 2021
To sum up, in order to ensure the sustainable, stable and healthy development of the company, better safeguard the long-term interests of all shareholders, comprehensively consider the medium and long-term development plan and short-term production and operation reality of the company, combined with the macroeconomic environment, industry development trend and capital demand of the company, and to ensure the stability and long-term development of the company's cash flow and enhance the ability to resist risks, the company plans not to distribute cash dividends in 2021, No bonus shares will be given and no capital reserve will be converted into share capital.
3、 Purpose and plan of undistributed profits
The undistributed profits of the company will be mainly used to meet the needs of daily operation and development, enhance the ability to resist risks and ensure the sustainable, stable and healthy development of the company.
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.
4、 Opinions of the board of supervisors
After review, the board of supervisors believes that the profit distribution plan for 2021 prepared by the board of directors of the company meets the relevant regulatory requirements, conforms to the articles of association and the profit distribution policy of the company in the prospectus for initial public offering, conforms to the current actual business situation of the company and the long-term interests of all shareholders, and is conducive to the sustainable, stable and healthy development of the company, Agree to the company's profit distribution plan for 2021 and agree to submit it to the general meeting of shareholders for deliberation.
5、 Opinions of independent directors
In order to ensure the normal production, operation and stable development of the company, the company decided not to distribute profits in 2021. We agree that the profit distribution plan for 2021 formulated by the board of directors of the company meets the current actual operating conditions and long-term development needs of the company, meets relevant regulatory requirements, complies with the articles of association and the profit distribution policies of the company in the prospectus for initial public offering, and is conducive to safeguarding the long-term interests of all shareholders of the company, The relevant review procedures comply with the company law, the articles of association and other relevant provisions. We agree with the profit distribution plan formulated by the board of directors and agree to submit it to the 2021 annual general meeting of shareholders of the company for review.
5、 Documents for future reference
1. Resolution of the 11th meeting of Guangzhou Jinyi Media Corporation(002905) the 4th board of directors;
Announcement on no profit distribution plan in 2021
2. Resolution of the 11th meeting of Guangzhou Jinyi Media Corporation(002905) the 4th board of supervisors;
3. Prior approval and independent opinions of Guangzhou Jinyi Media Corporation(002905) independent directors on matters related to the 11th meeting of the 4th board of directors.
It is hereby announced.
Guangzhou Jinyi Media Corporation(002905) board of directors April 15, 2022
