Hoshine Silicon Industry Co.Ltd(603260) next three years (20222024)
Shareholder dividend return planning
In accordance with the company law of the people’s Republic of China, the securities law of the people’s Republic of China and other laws and regulations, the relevant provisions of the CSRC and the Hoshine Silicon Industry Co.Ltd(603260) articles of association and relevant systems, in order to repay the shareholders of the company, realize the long-term, steady and rapid development of the company, standardize and clarify the matters related to the future dividend of the shareholders of the company, and fully consider the future development strategy and needs of the shareholders, This plan is formulated on the premise of carefully predicting and analyzing the company’s future operation and cash income.
1. Considerations for the formulation of shareholder return plan: the company will focus on long-term and sustainable development, comprehensively consider the actual situation and development objectives of the enterprise, and establish 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 the company’s shareholder return plan: the company’s shareholder return plan fully considers and listens to the requirements and wishes of shareholders, especially small and medium-sized shareholders, and adheres to the basic principle of cash dividend on the premise of ensuring the normal operation and business development of the company to provide returns for shareholders.
3. Formulation cycle of shareholder return plan: the company shall review the shareholder dividend return plan at least once every three years, make appropriate and necessary modifications to the company’s immediately effective dividend distribution policy, determine the shareholder return plan for this period, and the board of directors of the company shall fully consider the company’s current profit scale, cash flow status, development stage and current capital demand in combination with specific business data, Formulate annual or medium-term dividend plan.
4. Cash dividend return plan from 2022 to 2024: the proportion of cash dividend taken every year from 2022 to 2024 shall not be less than 20% of the distributable profit realized in that year. On the premise of ensuring full cash dividend distribution, the company can increase the stock dividend distribution and the conversion of accumulation fund. If the net profit of the company continues to grow from 2022 to 2024, the annual cash dividend amount of the company will also increase reasonably. On the basis of ensuring the distribution of 20% cash dividends, the board of directors may, in combination with the actual situation of the company, separately increase the proposals on the distribution of shares, dividends and the conversion of accumulation funds. 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, and the company shall provide an online voting platform to facilitate shareholders’ participation in the general meeting of shareholders. The company accepts the suggestions and supervision of all shareholders on the company’s dividend.
The shareholders’ return plan shall be interpreted by the board of directors and shall come into force after being deliberated and approved by the general meeting of shareholders.
Hoshine Silicon Industry Co.Ltd(603260) board of directors may 19, 2022
