Gansu Hainan Yatai Industrial Developent Co.Ltd(000691) Development Co., Ltd
2021 profit distribution plan
Gansu Hainan Yatai Industrial Developent Co.Ltd(000691) Development Co., Ltd. (hereinafter referred to as “the company”) held the 13th meeting of the 8th board of directors and the 8th meeting of the 8th board of supervisors on April 15, 2022. The meeting deliberated and approved the proposal on the company’s 2021 annual profit distribution plan, which must be submitted to the company’s 2021 annual general meeting for deliberation. The relevant information of the plan is hereby announced as follows:
1、 Basic contents of the company’s 2021 profit distribution plan
According to the audit of Lianda Certified Public Accountants (special general partnership), the net profit attributable to the shareholders of the parent company in 2021 was 1620462833 yuan, and the undistributed profit at the beginning of the year was -39786669517 yuan, and the undistributed profit at the end of the period was -38166206684 yuan. There is no profit available for distribution to shareholders in this year.
According to the relevant provisions of China Securities Regulatory Commission and the articles of association, in view of the negative profits available for investors in 2021, there are no conditions for dividends. At the same time, in combination with the current operation situation of the company, in order to ensure the sustainable development of the company, the board of directors proposed that the company will not distribute cash dividends, bonus shares or increase share capital with accumulation fund in 2021.
2、 Compliance of profit distribution plan in 2021
The company’s profit distribution plan for 2021 complies with the provisions of the company law and other laws and regulations, the relevant provisions on profit distribution in the articles of association, the current operation situation of the company, the needs of the company’s sustainable operation and development, and has legitimacy, compliance and rationality.
3、 Review procedure
1. Deliberations of the board of directors
The 13th meeting of the 8th board of directors of the company deliberated and approved the 2021 annual profit distribution plan of the company, and agreed to submit the proposal to the 2021 annual general meeting of shareholders of the company for deliberation.
2. Opinions of independent directors
After verification, the independent directors believe that the proposal of the company’s profit distribution plan for 2021 comprehensively considers the actual operation of the company and the long-term interests of all shareholders, conforms to the objective situation of the company and the provisions of relevant laws, regulations and rules, and does not damage the interests of the shareholders of the company, especially the minority shareholders. Therefore, we unanimously agree with the company’s 2021 profit distribution plan proposed by the board of directors and agree to submit the company’s 2021 profit distribution plan to the company’s 2021 annual general meeting for deliberation.
3. Opinions of the board of supervisors
The eighth meeting of the eighth board of supervisors of the company deliberated and approved the company’s profit distribution plan for 2021. The board of supervisors held that the company’s profit distribution plan for 2021 complies with relevant laws, regulations, normative documents and the company’s profit distribution policies, takes full account of the actual situation and sustainable operation needs of the company, and does not harm the interests of the company and shareholders, especially small and medium-sized shareholders. It is agreed to submit the company’s profit distribution plan for 2021 to the company’s 2021 annual general meeting for deliberation.
4、 Other information
Before the disclosure of this profit distribution plan, the company strictly controlled the scope of insiders in accordance with laws, regulations, normative documents and relevant provisions of the company’s system, and fulfilled the obligation of confidentiality and prohibition of insider trading for relevant insiders, and registered for the record.
5、 Documents for future reference
1. Resolutions of the 13th meeting of the 8th board of directors of the company;
2. Resolutions of the 8th meeting of the 8th board of supervisors of the company;
3. Independent opinions of the company’s independent directors on matters related to the 13th meeting of the eighth board of directors. Gansu Hainan Yatai Industrial Developent Co.Ltd(000691) Development Co., Ltd
Board of directors
April 18, 2022
