Guangdong Vtr Bio-Tech Co.Ltd(300381)
Future dividend return plan for shareholders (20222024)
In order to clarify the return of dividends on the rights and interests of new and old shareholders, further refine the provisions on the principle of dividend distribution in the articles of association, increase the transparency and operability of dividend distribution decisions, and facilitate shareholders to supervise the operation and distribution of the company, the board of directors has formulated Guangdong Vtr Bio-Tech Co.Ltd(300381) shareholders’ future dividend return plan (20222024), with the specific contents as follows:
(1) Considerations for the formulation of shareholder return plan: the company focuses on long-term and sustainable development, comprehensively considers the actual situation and development objectives of the enterprise, and establishes a sustainable, stable and scientific return plan and mechanism for investors, so as to make institutional arrangements for dividend distribution, so as to ensure the continuity and stability of dividend distribution policy. (2) Formulation principle of shareholder return plan: the company’s shareholder return plan fully considers and listens to the opinions of independent directors, external supervisors and public investors, adheres to the basic principle of cash dividend, and cash dividend takes precedence over stock dividend. When the company makes profit distribution, the proportion of cash dividends in this profit distribution shall not be less than 20%, and the profits distributed in cash shall not be less than 20% of the distributable profits realized in the current year. When the company distributes the above cash dividends, it can distribute stock dividends at the same time. If the company issues stock dividends, it shall make a true and reasonable analysis of the company’s growth, dilution of net assets per share and other factors in the distribution plan. The company’s reserve fund is used to make up for the company’s losses, expand the production and operation scale or increase the company’s capital. When the statutory reserve fund is converted into capital, the retained reserve fund will not be less than 25% of the company’s registered capital before the increase.
(3) Formulation cycle of shareholder return plan and relevant decision-making mechanism: the company reviews the shareholder dividend return plan at least once every three years, makes appropriate and necessary modifications to the dividend distribution policy being implemented by the company according to the opinions of shareholders (especially public investors), independent directors and external supervisors, and determines the shareholder return plan for this period. However, the company guarantees that the adjusted shareholder return plan does not violate the following principles: if there is no major investment plan or major cash expenditure, the company shall distribute dividends in cash, and the profit distributed in cash shall not be less than 20% of the distributable profit realized in the current year.
The board of directors of the company shall, in combination with specific operating data, fully consider the company’s profit scale, cash flow status, development stage and current capital demand, and in combination with the opinions of shareholders (especially public investors), independent directors and external supervisors, formulate annual or medium-term dividend plans, which shall be implemented after being voted by the general meeting of shareholders of the company.
(4) 20222024 shareholder dividend return plan: if there is no major investment plan or major cash expenditure, the company will distribute cash dividends to shareholders every year after fully reserving legal reserve and surplus reserve, which shall not be less than 20% of the distributable profits realized in the current year. On the premise of ensuring full cash dividend distribution, the company can increase the stock dividend distribution and the conversion of accumulation fund. After the end of each fiscal year, the company’s board of directors shall propose a dividend proposal and submit it to the general meeting of shareholders for voting in the form of online voting. The company accepts the suggestions and supervision of all shareholders, independent directors, supervisors and public investors on the company’s dividend.
Guangdong Vtr Bio-Tech Co.Ltd(300381) board of directors
April 23, 2022
