Securities code: Jsti Group(300284) securities abbreviation: Jsti Group(300284) Announcement No.: 2022014 Jsti Group(300284)
Announcement on 2021 profit distribution plan
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.
Jsti Group(300284) (hereinafter referred to as “the company”) held the 5th meeting of the 5th board of directors and the 4th meeting of the 5th board of supervisors on April 17, 2022, and deliberated and approved the proposal of profit distribution plan in 2021. This proposal still needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation. The relevant information is hereby announced as follows:
1、 Basic information of profit distribution plan
Audited by Tianheng Certified Public Accountants (special general partnership), the company realized a net profit of 47190667707 yuan attributable to the shareholders of the listed company in 2021, and the parent company realized a net profit of 11675378408 yuan. In accordance with the company law of the people’s Republic of China (hereinafter referred to as the “company law”), the Jsti Group(300284) articles of Association (hereinafter referred to as the “articles of association”) and other relevant provisions, the statutory surplus reserve of 1167537841 yuan is withdrawn at 10% of the net profit realized by the parent company in 2021, and the undistributed profit at the beginning of the year is 123633189718 yuan, deducting 11462588427 yuan of cash dividends distributed to shareholders in 2021, As of December 31, 2021, the profit available for distribution to shareholders of the parent company was 122678441858 yuan.
Considering the current operating conditions and future development needs of the company, according to the provisions of the articles of association and the shareholders’ dividend return plan (20202022), the company’s profit distribution plan for 2021 is: it is proposed to distribute cash dividends of 1.18 yuan (including tax) for every 10 shares to all shareholders based on the total share capital of 1262827774 shares as of December 31, 2021, The total cash dividend is 14901367733 yuan (including tax). If the total share capital of the company changes during the period from the disclosure of the distribution plan to the implementation due to the listing of new shares, the granting and exercise of equity incentive, the conversion of convertible bonds into shares, share repurchase and other matters, the company plans to maintain the distribution proportion unchanged, adjust the total distribution accordingly, and announce the specific adjustment separately.
2、 Opinions of the board of supervisors
After review, the board of supervisors believes that the company’s profit distribution plan for 2021 matches the growth of the company’s performance, complies with the provisions of the company law, the articles of association and the shareholder dividend return plan (20202022) (Revised), and is legal, compliant and reasonable.
3、 Opinions of independent directors
After review, the company’s profit distribution plan for 2021 is in line with the current actual situation of the company, matches the growth of the company’s performance, does not violate the relevant provisions of the company law, the articles of association and the shareholder dividend return plan (20202022) (Revised Draft), and does not damage the interests of the company’s shareholders, especially the minority shareholders. To sum up, all independent directors unanimously agreed to the company’s 2021 profit distribution plan and agreed to submit the plan to the company’s 2021 annual general meeting for deliberation.
4、 Relevant risk tips
(I) analysis of the impact of cash dividends on the company’s earnings per share, cash flow and production and operation
The company’s profit distribution plan for 2021 comprehensively considers various factors such as the company’s current development stage, financial status, future business development needs, capital expenditure plan and investor interests. It is in line with the interests of the company and shareholders and will not have a significant impact on the company’s cash flow, normal operation and long-term development.
(II) description of other risks
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. There is a risk that it may be rejected by the general meeting of shareholders. Please pay attention to the investment risk.
5、 Documents for future reference
1. Resolution of the 5th meeting of the 5th board of directors;
2. Resolution of the 4th meeting of the 5th board of supervisors;
3. Independent opinions of independent directors on matters related to the fifth meeting of the Fifth Board of directors of the company. It is hereby announced.
Jsti Group(300284) board of directors April 17, 2022
