China Yangtze Power Co. Ltd. Collect opinions on profit distribution plan (2025R)
February 27 2023 - 11:13AM
UK Regulatory
TIDMCYPC
RNS Number : 2025R
China Yangtze Power Co. Ltd.
27 February 2023
China Yangtze Power Co., Ltd.
Announcement on Soliciting Investors' Opinions of Matters on the
2022 Annual Profit Distribution Plan
This Announcement has been prepared in Chinese and English
respectively. In case of any discrepancy in the understanding of
the Chinese and English versions, the Chinese version shall
prevail. The Company shall not be liable for any loss arising from
misunderstanding of the English version.
According to related regulations and requirements in the
Opinions on Further Strengthening the Protection of the Legal
Rights and Interests of Small and Medium-sized Investors in the
Capital Market issued by the General Office of the State Council,
the Notice on Further Implementing Matters Related to Cash
Dividends of Listed Companies issued by China Securities Regulatory
Commission, the Supervision Guidelines for Listed Companies No. 3 -
Cash Dividends of Listed Companies (Revision 2022), the Guidelines
for Self-regulation Supervision of Listed Companies No. 1 -
Standardized Operation issued by Shanghai Stock Exchange and the
Articles of Association of the Company, in order to further enhance
the transparency of corporate dividends and effectively safeguard
the legitimate rights and interests of investors, the Company now
solicits opinions from investors on matters related to the
Company's 2022 profit distribution plan.
Article 226 of the Articles of Association of the Company
stipulates that the Company's annual cash dividend shall, in
principle, not be less than 50% of the profits that can be
distributed to the shareholders of the parent company in the
current year. The Company would conduct cash dividend for the
annual profit distribution in 2016-2020 as per not lower than RMB
0.65 per share. For the annual profit distribution in 2021-2025,
the cash dividend would be offered as per not lower than 70% of the
net profits realized in those years.
The Company's profit distribution plan shall be deliberated and
approved by the shareholders' meeting. After the shareholders'
meeting of the Company makes a resolution on the profit
distribution plan, the board of directors shall complete the
dividend distribution within 60 days after the shareholders'
meeting.
This opinion collection will start from today and end until 4:00
on 6 (th) March. Shareholders of the Company can feedback the
Opinion Collection Form (as attached) to the Company through e-mail
or fax.
Email : cypc@cypc.com.cn
Fax : 010-58688898
Annex: Opinion Collection Form of China Yangtze Power Co., Ltd.
for 2022 Profit Distribution Plan.
It is hereby announced.
Board of Directors of China Yangtze Power Co., Ltd
2 7 February 2023
China Yangtze Power Co., Ltd.
Opinion Collection Form for 2022 Profit Distribution Plan
Shareholder Name of securities Certificate
Information account No.
Number of Contact
shares held information
------------------- ----------- ------------- -----------
Opinion on Pr ofit D istribution
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Note: Please complete all information in the form.
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END
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