Securities code: Xinjiang Tianfu Energy Co.Ltd(600509) securities abbreviation: Xinjiang Tianfu Energy Co.Ltd(600509) Announcement No.: 2022-lin047 Xinjiang Tianfu Energy Co.Ltd(600509)
Announcement on profit distribution plan in 2021
hot tip
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:
Xinjiang Tianfu Energy Co.Ltd(600509) (hereinafter referred to as "the company") plans not to distribute profits in 2021, nor to convert capital reserve into share capital or other forms of distribution. The profit distribution plan has been deliberated and approved at the 16th meeting of the seventh board of directors and the 15th meeting of the seventh board of supervisors, and needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation.
1、 Contents of the company's 2021 profit distribution plan
Audited by Tianzhi International Certified Public Accountants (special general partnership), the net profits attributable to the shareholders of the company were -4483068316 yuan respectively in accordance with the accounting standards for business enterprises for the fiscal year ended December 31, 2021.
After deliberation and approval at the 16th meeting of the 7th board of directors and the 15th meeting of the 7th board of supervisors, the company has proposed the profit distribution plan for 2021 as follows: no profit distribution, no conversion of capital reserve to share capital and other forms of distribution.
2、 Description of no profit distribution in 2021
According to Item 2 of Article 162 of the articles of association, the implementation of cash dividends by the company shall at least meet the following conditions: the company realizes profits in this year, and the distributable profits realized in this year (i.e. after tax profits after the company makes up losses and withdraws provident fund) are positive; In view of the negative net profit attributable to the parent company in 2021, considering the actual situation of the company's current operation and development, and in order to ensure the cash needs of the company's future development, the board of directors of the company formulates the profit distribution plan for 2021 as follows: no profit distribution, no conversion of capital reserve into share capital and other forms of distribution.
3、 Decision making procedures performed by the company
(I) convening and deliberation of the board meeting
The company held the 16th meeting of the 7th board of directors on April 14, 2022, and adopted the proposal on the company's profit distribution plan in 2021 with 9 votes in favor, 0 votes against and 0 abstentions. The proposal still needs to be submitted to the general meeting of shareholders for deliberation.
(II) independent opinions of independent directors on the company's 2021 profit distribution plan. The company's 2021 profit distribution plan complies with the articles of association and the shareholder return plan for the next three years (20212023). We unanimously agree with the company's 2021 profit distribution plan and agree to submit the proposal to the company's 2021 annual general meeting for deliberation.
(III) convening and deliberation of the meeting of the board of supervisors
On April 14, 2022, the company held the 15th meeting of the 7th board of supervisors, which deliberated and approved the company's profit distribution plan for 2021. It is agreed to submit the plan to the 2021 annual general meeting of shareholders of the company for deliberation and approval.
4、 Relevant risk tips
The company will not make profit distribution in 2021, nor will it make capital reserve converted into share capital or other forms of distribution. This profit distribution plan needs to be submitted to the company's 2021 annual general meeting for deliberation. Please invest rationally and pay attention to investment risks.
5、 List of documents for reference 1. Resolution of the 16th meeting of the 7th board of directors 2. Resolution of the 15th meeting of the 7th board of supervisors 3. Opinions of independent directors at the 16th meeting of the 7th board of directors are hereby announced.
Xinjiang Tianfu Energy Co.Ltd(600509) board of directors April 14, 2022
