DGAP Post-admission Duties announcement: Haier Smart Home Co.,Ltd.
/ Third country release according to Article 50 Para. 1, No. 2 of the WpHG [the German Securities Trading Act]
Announcement of the 2020 annual profit distribution plan
Qingdao / Shanghai / Frankfurt, 30 March 2021 - Haier Smart Home Co., Ltd. (D-Share 690D.DE, A-Share 600690.SH, H-Share 6690.HK, 'Haier Smart Home' or the 'Company') published today an announcement with regard to the 2020 annual profit distribution plan. Upon the audit by Hexin Certified Public Accountants LLP, as of 31 December 2020, the profit of the parent company available for distribution at the end of the period amounted to RMB4,349,961,964.23. Upon the consideration by the Board of Directors, the Company intends to distribute the profit based on the total share capital after deducting the repurchased shares on the special account for repurchase registered on record date for the implementation of the distribution for 2020. This profit distribution plan is described as follows: Apart from the repurchased shares on the special account for repurchase, the company intends to distribute cash dividends of RMB3.66 per 10 shares (tax inclusive). As of 28 February 2021, the total share capital of the Company was 9,284,895,068 shares, the repurchased shares on the special account for repurchase was 2,715,800 shares, Based on this, the total share capital for cash dividend distribution is 9,282,179,268 shares, total amount is RMB3,397,277,612.09 (tax inclusive), corresponding a payout ratio 38.27% of the net profit attributable to shareholders of the parent company for the year. The undistributed profits retained by the Company will be primarily used for project construction, foreign investment, R&D investment and daily operations related to the primary business of the Company, so as to maintain sustainable and stable development for the Company, and maximize the returns for investors. The proposed profit distribution plan has to be submitted to the general meeting for consideration and approval. (I) Convening, considering and voting at the meeting of the Board of Directors On 30 March 2021, the Company held the 17th Meeting of Tenth Session of the Board of Directors. Upon its consideration, the Board of Directors of the Company unanimously adopted the 2020 Annual Profit Distribution Plan of Haier Smart Home Co., Ltd. and agreed to submit it to the 2020 Annual General Meeting for consideration. For details of the board meeting, please refer to the Announcement on 17th Meeting of Tenth Session of the Board of Directors of Haier Smart Home Co., Ltd. (No. L 2021-016) disclosed on the same date as this announcement. (II) Opinion of the independent directors The independent directors are of the view that the 2020 annual profit distribution plan of the Company is in line with the requirements of the Company Law, Guidance of Cash Dividends of Listed Companies of Shanghai Stock Exchange and the Articles of Association and other relevant requirements. It has reflected that the Company pays close attention to the reasonable returns to investors and maintains the continuity and stability of the profit distribution policy. It is agreed to submit this profit distribution plan to the 2020 Annual General Meeting of the Company for consideration. (III) Opinions of the Supervisory Board The 13th meeting of the Tenth Session of the Supervisory Board of the Company considered and adopted the 2020 profit distribution plan of Haier Smart Home Co., Ltd., and is of the view that it complied with the relevant laws, regulations and the requirements of the Articles of Association. The decision-making procedures of which were in compliance with the laws and regulations, in line with the strategic plan of the Company and is beneficial to establish the stable mechanism for returns on investment and there is no situation that is detrimental to the interests of the shareholders of the Company, especially the small and medium-sized shareholders. The Board of Directors 30.03.2021 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Haier Smart Home Co.,Ltd. |
| Haier Industrial Park, Laoshan District | |
| 266101 Qingdao | |
| China | |
| Internet: | www.haier.net |
| End of News | DGAP News Service |
1179833 30.03.2021
