Financial Reports and Approvals - The board approved the 2024 annual financial report, which will be submitted for shareholder review[9] - The board approved the feasibility analysis for conducting hedging derivative transactions for 2025, which will also be submitted for shareholder review[12] - The board approved the proposal to provide guarantee limits for subsidiaries in 2025, which will be submitted for shareholder review[19] - The company will appoint an auditing firm for the 2025 fiscal year, pending shareholder approval[21] - The 2024 internal control evaluation report was approved by the board[24] - The board approved the 2024 audit committee performance report, which includes evaluations of the auditing firm's work[27] - The 2024 board work report was approved and will be submitted for shareholder review[4] Financial Plans and Proposals - The company plans to apply for the issuance of various debt financing instruments, including short-term financing bonds and perpetual bonds, with a registration validity period until the next annual shareholder meeting[15] - The company intends to use its own funds for entrusted wealth management in 2025, pending shareholder approval[18] - The company seeks authorization to purchase liability insurance for directors and senior management, with annual premiums below RMB 3 million authorized by the legal representative[31] - The company proposes a general authorization for issuing additional shares, not exceeding 20% of the total issued A and H shares as of the resolution date[38] - The company intends to authorize a share repurchase plan for 2025, allowing for the repurchase of up to 5% of the total issued A shares[41] - The company will submit the proposal for the 2025 share repurchase to the shareholders for approval[41] Profit Distribution and Management - The company plans to distribute a cash dividend of RMB 6.17 per 10 shares for the 2024 profit distribution plan[35] - The company will handle the specifics of the 2024 profit distribution as authorized by the shareholders[35] - The board of directors will have the power to adjust the repurchase plan based on market conditions and company performance[42] - The board of directors will determine the final terms of the share repurchase based on various factors including market conditions and financial status[42] - The company has received approval for the 2025 share repurchase authorization, allowing the board to consider share buyback based on market conditions and stock price fluctuations[44] Sustainable Development and Market Value Management - The 2024 sustainable development report was approved with unanimous support, receiving 9 votes in favor[33] - A new "Market Value Management System" has been established to enhance the company's market value management practices and protect the rights of investors, particularly small and medium-sized investors[45] Meeting and Governance - The company has scheduled the 2024 Annual General Meeting to be held on March 28, 2025, at its headquarters in Shenzhen[47] - The performance assessment and annual bonus proposal for senior management for 2024 was approved, with some board members abstaining from voting due to conflicts of interest[28] - The authorization for share repurchase will last until the earlier of the 2025 annual general meeting or a resolution to revoke the authorization[43]
中兴通讯(00763) - 2024 - 年度业绩