Securities code: Wuxi Autowell Technology Co.Ltd(688516) securities abbreviation: Wuxi Autowell Technology Co.Ltd(688516) Announcement No.: 2022030 Wuxi Autowell Technology Co.Ltd(688516)
Announcement of 2021 annual 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 content tips:
Distribution ratio per share: cash dividend of RMB 16 (including tax) will be distributed for every 10 shares, no bonus shares will be given, and no capital reserve will be converted into share capital.
The profit distribution is based on the total share capital registered on the equity distribution registration date, and 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 maintain the total distribution unchanged, adjust the distribution amount per share accordingly, and make a separate announcement on the specific adjustment.
1、 Contents of profit distribution plan
Audited by Lixin Zhonglian Certified Public Accountants (special general partnership), the net profit attributable to shareholders of the listed company in 2021 was 37072461247 yuan. As of December 31, 2021, the company’s profit available for distribution at the end of the period was 37013424553 yuan. In accordance with 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 of the articles of association of the China Securities Regulatory Commission, after comprehensively considering the company’s annual operation and profitability in 2022, and taking into account the reasonable investment return of shareholders and the medium and long-term development plan of the company, On the premise of ensuring the normal operation and business development of the company, the company plans to distribute profits in 2021 based on the total share capital registered on the date of equity distribution. The profit distribution plan is as follows:
The listed company plans to distribute cash dividends of RMB 16 (including tax) to all shareholders for every 10 shares. As of December 31, 2021, the total share capital of the company is 9867000000 shares. Based on this calculation, the total cash dividend to be distributed is 15787200000 yuan (including tax). The company does not give bonus shares and does not convert capital reserve into share capital. The amount of cash dividends of the company in this year accounts for 42.58% of the net profit attributable to shareholders of Listed Companies in the consolidated statements of the company in 2021.
If the total share capital of the company changes from the date of disclosure of this announcement to the date of equity distribution and equity registration due to the conversion of convertible bonds into shares / share repurchase / share incentive grant share repurchase and cancellation / major asset restructuring share repurchase and cancellation, the company plans to maintain the total distribution unchanged and adjust the distribution amount per share accordingly. In case of subsequent changes 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
The company held the 11th meeting of the third board of directors on April 14, 2022, deliberated and approved the profit distribution plan, and agreed to submit it to the 2021 annual general meeting of shareholders for deliberation and implementation after approval.
(II) opinions of independent directors
The 2021 annual profit distribution plan of the company has comprehensively considered the industry characteristics, development stage, own business needs and other factors of the company, widely listened to the wishes of shareholders, met the requirements of laws, regulations and the articles of association, and did not infringe the interests of all shareholders, especially small and medium-sized shareholders, which is conducive to the sustainable and stable development of the company. The independent directors of the company unanimously agreed to the 2021 annual profit distribution plan, And agreed to submit it to the 2021 annual general meeting of shareholders of the company for deliberation.
(III) opinions of the board of supervisors
The company’s annual profit distribution plan for 2021 fully considers various factors such as the company’s profitability, cash flow and capital demand, conforms to the company’s operating status, takes into account the reasonable investment return of investors and the company’s sustainable development needs, does not harm the interests of all shareholders, especially small and medium-sized shareholders, and the decision-making procedures comply with relevant laws and regulations, normative documents and the articles of association. All supervisors agreed to the company’s profit distribution plan and agreed to submit the proposal to the general meeting of shareholders for deliberation.
3、 Relevant risk tips
(I) this profit distribution plan combines the company’s profitability, future capital demand and other factors, and will not cause the company’s shortage of working capital, have a significant impact on the company’s operating cash flow, and have an adverse impact on the company’s normal operation and long-term development.
(II) the company’s 2021 annual profit distribution plan can only be implemented after being submitted to the company’s 2021 annual general meeting for deliberation and approval. Please pay attention to the investment risks.
It is hereby announced.
Wuxi Autowell Technology Co.Ltd(688516) board of directors April 15, 2022
