Nanning Sugar Industry Co., Ltd
Securities code: Nanning Sugar Industry Co.Ltd(000911) securities abbreviation: Nanning Sugar Industry Co.Ltd(000911) Announcement No.: 2022019 Nanning Sugar Industry Co.Ltd(000911)
Announcement on the special explanation of no profit distribution in 2021
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.
1、 2021 profit distribution plan of the company
Nanning Sugar Industry Co.Ltd(000911) (hereinafter referred to as “the company”) deliberated and approved the profit distribution plan for 2021 at the 11th meeting of the seventh board of directors. The profit distribution plan for 2021 is not to distribute cash dividends, bonus shares or increase share capital with accumulation fund. The profit distribution plan needs to be submitted to the general meeting of shareholders for deliberation.
2、 Reasons for no profit distribution in 2021
At the end of 2021, the undistributed profit in the consolidated balance sheet was -198404664322 yuan and the undistributed profit in the balance sheet of the parent company was -213983573635 yuan, which did not meet the profit distribution conditions specified in the articles of association.
3、 Opinions of independent directors
The profit distribution plan for 2021 formulated by the board of directors in accordance with the provisions of the articles of association and in combination with the actual situation of the company does not damage the interests of the company and other shareholders, especially minority shareholders. 4、 Opinions of the board of supervisors
As the company’s accumulated undistributed profits are negative, the company’s profit distribution plan for 2021 is not to distribute cash dividends, bonus shares or increase share capital with accumulation fund. The company’s profit distribution plan shall comply with the articles of association, relevant regulations and the actual situation of the company.
5、 Documents for future reference
1. Resolutions of the 11th meeting of the 7th board of directors;
2. Resolutions of the 11th meeting of the 7th board of supervisors;
3. Special instructions and independent opinions of independent directors on matters related to the 11th meeting of the seventh board of directors.
It is hereby announced.
Nanning Sugar Industry Co.Ltd(000911) board of directors
April 27, 2022
