Securities code: Zhejiang Haiyan Power System Resources Environmental Technology Co.Ltd(688565) securities abbreviation: Zhejiang Haiyan Power System Resources Environmental Technology Co.Ltd(688565) Announcement No.: 2022024 Zhejiang Haiyan Power System Resources Environmental Technology Co.Ltd(688565)
Announcement on profit distribution plan in 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 legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
Important content tips:
Distribution ratio per share: cash dividend of 2.00 yuan (including tax) will be distributed for every 10 shares, and 4 shares will be added to all shareholders for every 10 shares with capital reserve.
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, the company plans to maintain the total distribution unchanged, adjust the dividend proportion per share accordingly, and will announce the specific adjustment separately.
1、 Contents of profit distribution plan
Audited by Zhonghui Certified Public Accountants (special general partnership), as of December 31, 2021, the company’s distributable profit at the end of the period was RMB 20593219168, and the balance of capital reserve was RMB 31669603231.
In 2021, the company plans to distribute profits based on the total share capital registered on the date of equity distribution. The profit distribution plan is as follows:
1. Based on the total share capital registered on the date of equity distribution, a cash dividend of 2.00 yuan (including tax) will be distributed to all shareholders for every 10 shares. As of the date of the meeting of the board of directors, the total share capital of the company is 112765000 shares. Based on this calculation, the total cash dividend to be distributed is 22553000 yuan (including tax).
2. Based on the total share capital registered on the date of equity distribution and equity registration, 4 shares for every 10 shares shall be transferred to all shareholders with the capital reserve. As of the date of the meeting of the board of directors, the total share capital of the company is 112765000 shares. Based on this calculation, 45106000 shares are proposed to be increased. After the increase, the total share capital of the company is increased to 157871000 shares.
3. If the total share capital of the company changes before the date of equity distribution and equity registration, the company plans to maintain the proportion of distribution (conversion) per share unchanged and adjust the total amount of distribution (conversion) accordingly. In case of subsequent changes in the total share capital, the specific adjustment will be announced separately.
4. At the same time, the general meeting of shareholders is requested to authorize the board of directors of the company to specifically implement the above profit distribution and capital reserve conversion to share capital plan, change the registered capital in time according to the implementation results, amend the relevant provisions of the articles of association, and go through the relevant industrial and commercial registration change procedures.
2、 Decision making procedures performed by the company
(I) convening, deliberation and voting of the board meeting
The company held the 18th meeting of the third board of directors on April 19, 2022, deliberated and passed the proposal on the profit distribution plan of 2021, agreed to the profit distribution plan and agreed to submit the plan to the 2021 annual general meeting of shareholders of the company for deliberation.
(II) opinions of independent directors
The independent directors of the company believe that the profit distribution plan of the company for 2021 is formulated based on the actual situation of the company, comprehensively considering the capital needs of the company in the next 12 months, safeguarding the interests of shareholders, in line with the provisions of the articles of association on profit distribution policies and relevant laws and regulations. The independent directors agreed to the 2021 profit distribution plan and agreed to submit the proposal to the general meeting of shareholders for deliberation.
(III) opinions of the board of supervisors
The company held the 11th meeting of the third session of the board of supervisors on April 19, 2022, deliberated and adopted the proposal on the company’s profit distribution plan for 2021. The board of supervisors considered that the company’s profit distribution plan for 2021 fully considered the company’s profitability, future capital needs and other factors, complied with the relevant provisions of the company law and the articles of association, and adapted to the current development stage and actual situation of the company, It is conducive to the sustainable, stable and healthy development of the company. The implementation of the plan is in line with the interests of the company and all shareholders, and there is no damage to the interests of minority shareholders. Therefore, we agree to this profit distribution plan and submit it to the 2021 annual general meeting of shareholders of the company 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 have a significant impact on the company’s operating cash flow, normal operation and long-term development.
(II) the company’s profit distribution plan for 2021 needs to be submitted to the company’s 2021 annual general meeting for deliberation and approval. Please pay attention to the investment risks.
It is hereby announced.
Zhejiang Haiyan Power System Resources Environmental Technology Co.Ltd(688565) board of directors April 20, 2022
