Securities code: 301119 securities abbreviation: Zhengqiang shares Announcement No.: 2022022
Hangzhou Zhengqiang transmission Co., Ltd
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.
Hangzhou Zhengqiang transmission Co., Ltd. (hereinafter referred to as "the company") held the 12th meeting of the first board of directors and the 12th meeting of the first board of supervisors on April 19, 2022, and deliberated and adopted the profit distribution plan for 2021. This proposal needs to be submitted to the 2021 shareholders' meeting for deliberation. Now the relevant matters are announced as follows:
1、 2021 profit distribution plan
Audited by Tianjian Certified Public Accountants (special general partnership), the net profit of the company (parent company) in 2021 was 5229568257 yuan, plus the undistributed profit of 8654003184 yuan at the beginning of the year, minus the surplus reserve of 522956826 yuan withdrawn this year, and the profit available for distribution as of December 31, 2021 was 13360614615 yuan.
Considering the long-term development of the company and the return on investment of shareholders, the profit distribution plan of the company in 2021 is: Based on the total share capital of the company of 80000000 shares, the company will distribute a cash dividend of RMB 0.75 (tax included) to all shareholders for every 10 shares, and will not convert the capital reserve into share capital and bonus shares, and a total cash dividend of RMB Shanghai Pudong Development Bank Co.Ltd(600000) 000 (tax included) will be distributed. After the profit distribution plan is approved by the board of directors and the general meeting of shareholders to the date of equity distribution registration, if the total share capital of the company changes, the company will adjust the total cash dividends accordingly in accordance with the principle of "unchanged distribution proportion".
2、 Compliance of profit distribution plan
The profit distribution plan complies with the provisions of the company law, accounting standards for business enterprises, guidelines for the supervision of listed companies No. 3 - cash dividends of listed companies and the articles of association, and the company's profit distribution policy and shareholder return plan. The profit distribution and capital reserve to share capital plan are legal, compliant and reasonable.
3、 Relevant approval procedures of this profit distribution plan
(I) opinions of the board of directors
The company's profit distribution plan for 2021 fully considers the company's reasonable investment return to the majority of investors, matches the company's current share capital structure and good profit expectation in the future, conforms to the company's development plan, complies with the relevant provisions on profit distribution in the company law, securities law and company charter, and has legitimacy, compliance and rationality.
(II) opinions of independent directors
We believe that the plan complies with the relevant provisions on profit distribution policies such as the guidelines for the supervision of listed companies No. 3 - cash dividends of listed companies and the articles of association of the CSRC, conforms to the overall development strategy and actual operation of the company, and is conducive to the sustainable, stable and healthy development of the company.
To sum up, we unanimously agree on the company's profit distribution plan and agree to submit the matter to the 2021 annual general meeting of shareholders of the company for deliberation.
(III) opinions of the board of supervisors
The company's profit distribution plan for 2021 is in line with the actual situation and development strategy of the company, there is no damage to the interests of minority shareholders, and the plan complies with relevant laws and regulations, normative documents and the articles of association. Comply with the profit distribution policy and profit distribution plan determined by the company and relevant commitments made before IPO.
4、 Other instructions
Before the disclosure of this profit distribution plan, the company strictly controlled the scope of insiders of inside information, and fulfilled the obligation of confidentiality and prohibition of insider trading to relevant insiders to prevent the disclosure of inside information. 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 still uncertainty. Please pay attention to and pay attention to the investment risks.
5、 Documents for future reference
1. Resolution of the 12th meeting of the first board of directors.
2. Resolution of the 12th meeting of the first board of supervisors
3. Independent opinions of independent directors on matters related to the 12th meeting of the first board of directors of the company.
It is hereby announced.
Board of directors of Hangzhou Zhengqiang transmission Co., Ltd. April 21, 2022
