Zheng Quan Zhi Xing·2025-06-10 10:16Core Viewpoint - The company is preparing for its 2024 Annual General Meeting, where key proposals including financial reports and board reports will be discussed and voted on by shareholders [1][2][3] Group 1: Meeting Arrangements - The meeting will take place on June 17, 2025, at the Huabin International Hotel in Beijing, with both on-site and online voting options for shareholders [1] - Shareholders can choose either on-site or online voting, but not both, to ensure the integrity of the voting process [1] Group 2: Board and Supervisory Reports - The company has prepared its 2024 Board Report and Supervisory Report in compliance with the requirements of the Hong Kong Stock Exchange and Shanghai Stock Exchange, which will be presented for shareholder approval [1][2] - The Supervisory Board has conducted thorough oversight of the company's operations and financial reporting, ensuring compliance with relevant laws and regulations [2][3] Group 3: Financial Performance and Profit Distribution - The company reported a net profit of 5,669.855 million RMB for 2024, with a proposed dividend distribution of 0.21 RMB per share, totaling 2,147.788 million RMB [9][10] - The proposed dividend distribution represents 45.72% of the distributable net profit attributable to shareholders [9] Group 4: Related Party Transactions - Significant related party transactions include agreements with China Huadian Group, involving a total estimated amount of 811 million RMB for various services and financial arrangements [3][4][5] - The company has renewed financial service agreements with its financial subsidiary, setting a maximum annual credit limit of 45 billion RMB [4][5] Group 5: Independent Directors' Reports - The independent directors have actively participated in governance, ensuring compliance with laws and protecting the interests of minority shareholders [12][14] - They have reviewed and approved various proposals, including the appointment of directors and financial management plans, maintaining a focus on transparency and accountability [12][14][21]