Securities code: Hangzhou Century Co.Ltd(300078) securities abbreviation: Hangzhou Century Co.Ltd(300078) Announcement No.: 2022036 bond Code: 123096 bond abbreviation: Sichuang convertible bond
Hangzhou Century Co.Ltd(300078)
Special instructions on 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.
Hangzhou Century Co.Ltd(300078) (hereinafter referred to as "the company") held the 9th meeting of the 5th board of directors on April 27, 2022, deliberated and adopted the proposal on the profit distribution plan in 2021. The specific situation is hereby announced as follows:
1、 Financial position in 2021
According to the audit report issued by Tianjian Certified Public Accountants (special general partnership), in 2021, the net profit attributable to the shareholders of the listed company was -72702329646 yuan, and the cumulative profit available for distribution to shareholders was -6581795632 yuan. The net profit realized by the parent company is -16834317988 yuan, and the accumulated distributable profit of the parent company is -8358873692 yuan.
2、 Share repurchases in 2021
On March 16, 2021, the company held the 27th meeting of the 4th board of directors and the 24th Meeting of the 4th board of supervisors, and deliberated and adopted the proposal on share repurchase plan of the company one by one. During the period from May 10, 2021 to May 25, 2021, the Company repurchased 33497450 shares of the company through centralized bidding through the special account for share repurchase, accounting for 3.87% of the total share capital of the company, and the total transaction amount was 22961236724 yuan (excluding transaction expenses).
3、 2021 profit distribution plan
According to Article 7 of the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 9 - share repurchases, the amount of shares repurchased by the company of 22961236724 yuan (excluding transaction costs) is regarded as the amount of cash dividends and is included in the relevant proportion of cash dividends of the company in 2021. Since the accumulated undistributed profit of the parent company at the end of 2021 is negative, according to the guidelines for the supervision of listed companies No. 3 - cash dividends of listed companies and the articles of association, the company has no longer met the conditions for dividends. Therefore, the company will not distribute cash dividends, bonus shares or increase share capital with capital reserve in 2021.
This matter still needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation. It is hereby announced.
Hangzhou Century Co.Ltd(300078) board of directors
April 29, 2022
