Securities code: Qingdao Weflo Valve Co.Ltd(002871) securities abbreviation: Qingdao Weflo Valve Co.Ltd(002871) Announcement No.: 2022042 Qingdao Weflo Valve Co.Ltd(002871)
Announcement on the implementation of dividend distribution in 2021
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete,
There are no false records, misleading statements or major omissions.
Special tips:
1. Qingdao Weflo Valve Co.Ltd(002871) (hereinafter referred to as “the company”) convened the 2021 annual general meeting of shareholders on May 18, 2022, deliberated and passed the proposal on the company’s 2021 annual profit distribution plan, and the total share capital of the company was 169032648 shares on December 31, 2021, excluding 427626 shares repurchased by the company through centralized competitive trading and not participating in profit distribution according to law
Take 168605022 shares as the base number and distribute cash dividends of RMB 3.50 (inclusive) to all shareholders for every 10 shares
Tax), no bonus shares will be given, and no capital reserve will be converted into share capital.
2. After the equity distribution, the cash dividend per share converted according to the total share capital of the company is calculated as follows:
The total amount of the company’s actual cash dividend = the total share capital actually participating in the distribution × Distribution proportion, i.e
5901175770 yuan = 168605022 shares × 0.35 yuan / share. Since the company does not participate in the dividend after the share repurchase, after the implementation of this equity distribution, according to the principle of unchanged stock market value, the total share capital of the company remains unchanged before and after the implementation of the equity distribution, and the proportion of the total cash dividend allocated to each share will be reduced. Therefore, when calculating the ex right and ex dividend price after the implementation of this equity distribution, The proportion of cash dividends per 10 shares shall refer to the following formula: converted according to the total share capital, the proportion of cash dividends per 10 shares = the total actual cash dividends / the total share capital of the company × RMB 1750170 shares
/169032648 shares × 10 shares = 3491145 yuan.
On the premise that the equity distribution plan remains unchanged, the ex right and ex dividend price after the implementation of the equity distribution in 2021 shall be implemented in accordance with the above principles and calculation methods, that is, the ex right and ex dividend price after the implementation of the equity distribution = the closing price on the equity registration date -03491145 yuan / share.
3. The implementation of this equity distribution is less than two months from the time when the plan is considered and approved by the general meeting of shareholders of the company.
1、 Review and approval of profit distribution plan by the general meeting of shareholders
The 2021 annual general meeting of shareholders held by the company on May 18, 2022 deliberated and approved the proposal on the 2021 annual profit distribution plan. For details, please refer to securities times, China Securities News, securities daily and cninfo.com on May 19, 2022
（www.cn.info.com.cn.） The announcement on the resolution of the 2021 annual general meeting of shareholders (Announcement No.: 2022041) disclosed.
(I) the company’s profit distribution plan for 2021 is as follows: Based on the total number of 168605022 shares of 169032648 shares of the company’s total share capital on December 31, 2021 after deducting 427626 shares in the company’s special securities account for repurchase, the company will distribute a cash dividend of 3.50 yuan (including tax) to all shareholders for every 10 shares, and will not convert the accumulation fund into share capital or give bonus shares. Before the implementation of this distribution plan, if the total share capital changes due to equity incentive exercise, convertible bond to equity swap, share repurchase and other reasons, the company will adjust the distribution proportion based on the total share capital on the registration date of dividend distribution according to the principle of fixed total cash dividend.
(II) from the disclosure of the distribution plan to the implementation period, the total share capital of the company has not changed.
(III) the distribution plan implemented this time is consistent with the distribution plan deliberated and approved by the general meeting of shareholders.
(IV) the implementation of the distribution plan has not been more than two months since it was adopted by the general meeting of shareholders.
2、 Profit distribution plan implemented this time
The profit distribution plan of the company in 2021 is: Based on the total share capital of the company on December 31, 2021
169032648 shares deducting the total number of 168605022 shares after the company repurchases 427626 shares in the special securities account, Cash dividend of 3.50 yuan (including tax) will be distributed to all shareholders for every 10 shares; after tax deduction, QFII, rqfii and individuals holding initial restricted shares and securities investment funds will be distributed with 3.15 yuan for every 10 shares; individual dividend and bonus tax on post initial restricted shares, equity incentive restricted shares and unlimited tradable shares will be levied at a differentiated tax rate, and the company will not withhold individual income tax temporarily. When individuals transfer shares, the tax payable will be calculated according to their holding period [note]: the bonus tax involved in securities investment funds holding post IPO restricted shares, equity incentive restricted shares and non tradable shares shall be levied at 10% on the fund units held by Hong Kong investors and differentiated tax rate on the fund units held by mainland investors).
[Note: according to the principle of first in, first out, the holding period is calculated by taking the investor’s securities account as the unit
Within 1 month (inclusive), 0.70 yuan of tax shall be paid for every 10 shares; If it holds shares for more than 1 month to 1 year (including 1 year), it shall pay a supplementary tax of 0.35 yuan for every 10 shares; If the shareholding exceeds 1 year, no supplementary tax shall be paid.]
3、 Dividend payment date
The registration date of this dividend distribution equity is May 26, 2022, and the ex dividend date is May 27, 2022.
4、 Dividend distribution object
The distribution object: as of the afternoon of May 26, 2022, the Shenzhen stock exchange closed
After that, all shareholders of the company registered in Shenzhen Branch of China Securities Depository and Clearing Corporation Limited (hereinafter referred to as “Shenzhen Branch of China Securities Depository and Clearing Corporation”).
5、 Dividend method
(I) the cash dividends entrusted by the company to CSDCC Shenzhen Branch will be directly transferred to its capital account through the shareholder custody securities company (or other custody institution) on May 27, 2022.
(II) the cash dividends of the following shareholders shall be distributed by the company itself:
Serial number securities number securities account number name
1 02 904 fan Qingwei
2 08 100 Jiangxi Huilong Enterprise Management Co., Ltd
3 02 355 fan Yulong
During the application period of equity distribution business (application date: May 19, 2022 to equity registration date: May 26, 2022), if the cash dividend entrusted to China Clearing Shenzhen Branch is insufficient due to the reduction of shares in the securities account of the self assigned shareholders, all legal liabilities and consequences shall be borne by the company itself.
6、 Adjust relevant parameters
Considering that the shares in the company’s special securities repurchase account will not participate in the equity distribution in 2021, the total amount of the company’s actual cash dividend = the total share capital actually participating in the distribution × Distribution ratio, i.e. 5901175770 yuan = 168605022 shares × 0.35 yuan / share. Since the company does not participate in the dividend after the share repurchase, after the implementation of this equity distribution, according to the principle of unchanged stock market value, the total share capital of the company remains unchanged before and after the implementation of equity distribution, and the proportion of total cash dividends allocated to each share will be reduced. Therefore, when calculating the ex right and ex dividend price after the implementation of this equity distribution, the proportion of cash dividends per 10 shares should refer to the following public
Formula: the proportion of cash dividends per 10 shares converted according to the total share capital = the total actual cash dividends / the total share capital of the company × 10 shares = 5901175770 yuan / 169032648 shares × 10 shares = 3491145 yuan.
To sum up, on the premise that the equity distribution scheme remains unchanged, the ex right and ex dividend price after the implementation of the equity distribution in 2021 shall be implemented in accordance with the above principles and calculation methods, that is, the ex right and ex dividend price after the implementation of the equity distribution = the closing price on the equity registration date -03491145 yuan / share.
7、 Advisory body
Consulting department: Office of the board of directors of the company
Contact: Liu Keping, Zhao Xiang
Tel.: 053287901466
Fax: 053287901466
Email: Liu k. [email protected].
Consultation address: No. 789, Chunyang Road, high tech Zone, Qingdao
8、 Documents for future reference
1、 The documents of Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. confirming the specific time arrangement of dividend distribution;
2、 Resolutions of the 12th meeting of the 4th board of directors of the company;
3、 Resolution of the 2021 annual general meeting of shareholders of the company.
It is hereby announced.
Qingdao Weflo Valve Co.Ltd(002871) board of directors
May 20, 2022
