Securities code: Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) securities abbreviation: Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) No.: pro 202215 Guangxi Wuzhou Zhongheng Group Co.Ltd(600252)
Announcement on the company’s profit distribution plan for 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 notes:
● distribution ratio per share: cash dividend of 0.027 yuan (including tax) per a share;
● the profit distribution is based on the total share capital registered on the equity distribution registration date minus the shares repurchased by the company through centralized bidding. 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 distribution proportion per share unchanged, adjust the total distribution accordingly, and announce the specific adjustment separately.
1、 Contents of profit distribution plan
Audited by YONGTUO Certified Public Accountants (special general partnership), the net profit of Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) (hereinafter referred to as “the company” or ” Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) “) in 2021 was 17316628920 yuan, including 30691869492 yuan of net profit attributable to shareholders of the listed company, 11492577799 yuan of surplus reserve was withdrawn, plus 248266131216 yuan of undistributed profit at the beginning of the year, minus 29456795084 yuan of profit distribution in 2020 in the current period, In 2021, the actual distributable profit of the company was 238008627825 yuan, and the actual distributable profit of the parent company was 171741366030 yuan.
According to the self regulatory guidelines for listed companies of Shanghai Stock Exchange No. 1 – standardized operation, the company law, the decision on Amending Several Provisions on cash dividends of listed companies and the articles of association, this dividend distribution is planned to distribute a cash dividend of 0.27 yuan (including tax) for every 10 shares based on 3425208704 shares after deducting treasury shares from the total share capital at the end of 2021, The total amount of cash dividends distributed to all shareholders whose equity distribution is registered is 9248063501 yuan (including tax), accounting for 30.13% of the net profit attributable to shareholders of the listed company in 2021.
According to the relevant provisions of the detailed rules for the implementation of share repurchase by listed companies of Shanghai Stock Exchange, listed companies do not have the right to participate in profit distribution when repurchasing shares in the special account.
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 distribution proportion per share unchanged and adjust the total distribution accordingly. If the total share capital changes subsequently, the specific adjustment will be announced separately.
Capital reserve will not be converted into share capital in 2021.
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 15, 2022, the company held the 37th meeting of the ninth board of directors, which deliberated and adopted the profit distribution plan with 7 votes in favor, 0 votes against and 0 abstentions. This profit distribution plan shall be submitted to the general meeting of shareholders of the company for deliberation.
(II) opinions of independent directors
The profit distribution plan comprehensively considers the reasonable return of shareholders, combined with the actual situation and long-term development of the company, and complies with the provisions on profit distribution in the guidelines for the supervision of listed companies No. 3 – cash dividends of listed companies, the guidelines for the self discipline supervision of listed companies on Shanghai Stock Exchange No. 1 – standardized operation and the articles of association. The decision-making procedure of this profit distribution plan complies with relevant laws, regulations, normative documents and the relevant provisions of the articles of association, and the voting procedure is legal and effective.
We agree to this matter and agree to submit it to the general meeting of shareholders of the company for deliberation.
3、 Relevant risk tips
This profit distribution plan combines the company’s development stage, future capital demand and other factors, and will not have a significant impact on the company’s earnings per share, cash flow and normal operation.
This profit distribution plan can only be implemented after being deliberated and approved by the general meeting of shareholders of the company. Please pay attention to the investment risks.
It is hereby announced.
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Guangxi Wuzhou Zhongheng Group Co.Ltd(600252) board of directors April 18, 2022
