SAL(SH:603970) Zheng Quan Zhi Xing·2025-05-09 11:01Core Points - The company is preparing for the 2024 Annual General Meeting (AGM) to discuss various proposals including financial reports, profit distribution, and governance changes [2][3][4] Proposal Summaries - Proposal 1: The company will present the 2024 Board of Directors' Work Report for shareholder approval [3] - Proposal 2: The company will present the 2024 Supervisory Board's Work Report for shareholder approval [3] - Proposal 3: The company will present the 2024 Annual Report and its summary for shareholder approval [3] - Proposal 4: The company will present the 2024 Financial Settlement Report for shareholder approval [3] - Proposal 5: The company proposes a profit distribution plan, distributing cash dividends of RMB 4.50 per 10 shares, totaling RMB 120 million, which is 59.48% of the net profit [3] - Proposal 6: The company will confirm the salaries and allowances for non-independent directors and senior management for 2024, with the chairman receiving RMB 145.41 million [3] - Proposal 7: The company will confirm the salaries and allowances for independent directors for 2024, with the highest being RMB 6.72 million [3] - Proposal 8: The company proposes to reappoint Tianzhi International Accounting Firm for the 2025 financial report and internal control audit, with fees totaling RMB 1 million [4] - Proposal 9: The company plans to use idle funds for cash management to enhance investment returns [4] - Proposal 10: The company will review the execution of daily related transactions for 2024 and the expected amount for 2025 [5] - Proposal 11: The company plans to conduct foreign exchange hedging with a total amount not exceeding RMB 2 billion [6] - Proposal 12: The company plans to provide guarantees for its subsidiary, with amounts not exceeding RMB 2 billion for one subsidiary and RMB 3 billion for another [7] - Proposal 13: The company will sign a financial service agreement with Supply and Marketing Group Financial Co., Ltd. to improve liquidity [8] - Proposal 14: The company plans to change its business scope and amend its articles of association [9] - Proposal 15: The company will revise the rules of procedure for board meetings and shareholder meetings [10] - Proposal 16: The company will revise the independent director working rules and other governance systems [12] - Proposal 17: The company proposes to abolish the supervisory board and its rules [13] Financial Performance - The company reported a revenue of RMB 1,059,581.84 million for the year, an increase of 1.30% compared to the previous year [14] - The raw material prices in the agricultural chemical industry have decreased, with the raw material price index dropping by 9.07% year-on-year [14]