Securities code: Jiangsu Bide Science And Technology Co.Ltd(605298) securities abbreviation: Jiangsu Bide Science And Technology Co.Ltd(605298) Announcement No.: 2022005 Jiangsu Bide Science And Technology Co.Ltd(605298)
Announcement on profit distribution and conversion of provident fund into share capital 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 individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
The profit distribution plan: cash dividend of 0.4 yuan (including tax) per share is distributed, and 0.3 shares are transferred to all shareholders with capital reserve.
The profit distribution and the conversion of accumulation fund into share capital are based on the total share capital registered on the equity registration date of equity distribution, 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 for the implementation of equity distribution, it is proposed to maintain the total amount of distribution and the proportion of conversion to increase unchanged, adjust the proportion of distribution per share and the amount of conversion to increase accordingly, and make a separate announcement on the specific adjustment.
1、 Contents of profit distribution plan
According to the audit of Rongcheng Certified Public Accountants (special general partnership), as of December 31, 2021, the company's profit available for distribution at the end of the period was 34661956276 yuan. According to the resolution of the board of directors, the company plans to distribute profits and increase share capital in 2021 based on the total share capital registered on the date of equity distribution. The scheme of profit distribution and conversion of accumulation fund into share capital is as follows:
1. The listed company plans to distribute a cash dividend of 4 yuan (including tax) for every 10 shares to all shareholders. As of December 31, 2021, the total share capital of the company is 108 million shares. Based on this calculation, the total cash dividend to be distributed is 43.2 million yuan (including tax). The proportion of cash dividends (including cash dividends distributed in the medium term) of the company in this year is 51.11%.
2. The listed company plans to increase its share capital by transferring the accumulation fund to all shareholders, with 3 shares for every 10 shares. As of December 31, 2021, the total share capital of the company is 108 million shares. After this share transfer, the total share capital of the company is 140.4 million shares.
If the total share capital and the number of shares to be distributed of the company change before the equity registration date of equity distribution, the company plans to maintain the total amount of cash dividend distribution and the proportion of conversion to increase unchanged, and adjust the proportion of distribution per share and the total amount of conversion to increase accordingly. In case of subsequent changes in the total share capital, the specific adjustment will be announced separately.
The profit distribution plan and the plan of converting reserve fund into share capital need 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
The company held the fourth meeting of the third board of directors on April 20, 2022, and adopted the proposal on the company's 2021 profit distribution and capital reserve conversion plan with 8 affirmative votes, 0 negative votes and 0 abstention. The proposal needs to be submitted to the company's 2021 annual general meeting for deliberation.
(II) opinions of independent directors
The company's 2021 profit distribution and capital reserve converted into share capital plan comply with the relevant provisions of the company law, the securities law, the notice on matters related to the further implementation of cash dividends of listed companies, the guidelines for the supervision of listed companies No. 3 - cash dividends of listed companies, the guidelines for cash dividends of listed companies of Shanghai Stock Exchange and the articles of association. The board of directors of the company comprehensively considers the future development and financial situation of the company and puts forward a plan for profit distribution and capital reserve converted into share capital in 2021, which is conducive to safeguarding the long-term interests of shareholders. We agree to the company's annual profit distribution plan for 2021 and agree that the board of directors of the company will submit the proposal on the plan for profit distribution and conversion of capital reserve into share capital in 2021 to the general meeting of shareholders of the company for deliberation.
(III) opinions of the board of supervisors
The company's plan for profit distribution and conversion of capital reserve into share capital combines the actual operating performance, financial status, long-term development and other factors of the company, complies with relevant laws and regulations and the relevant provisions on profit distribution in the articles of association, will not affect the long-term operation and long-term development of the company, and will not damage the interests of minority shareholders. Agree to submit the proposal to the general meeting of shareholders of the company for deliberation.
3、 Relevant risk tips
The profit distribution plan comprehensively considers the development stage of the company, 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 of the company. The profit distribution plan can only be implemented after being submitted to the general meeting of shareholders for deliberation and approval. Please make rational judgment and pay attention to investment risks.
It is hereby announced.
Jiangsu Bide Science And Technology Co.Ltd(605298) board of directors April 21, 2022
