Core Viewpoint - The company aims to establish a scientific, sustainable, and stable profit distribution mechanism to enhance transparency and protect the rights of minority investors while ensuring long-term development [1]. Profit Distribution Principles - The company emphasizes reasonable returns to investors while considering long-term sustainable development and maintaining continuity and stability in its profit distribution policy [1]. - The company must allocate 10% of its after-tax profits to the statutory reserve fund, which can be suspended if the cumulative amount exceeds 50% of the registered capital [2][3]. Profit Distribution Order - After allocating the statutory reserve fund, the remaining after-tax profits will be distributed according to the shareholding ratio unless otherwise specified in the company’s articles of association [2][3]. Profit Distribution Forms and Conditions - The company can distribute profits in cash, stock, or a combination of both, with cash dividends prioritized over stock dividends [3][4]. - The company aims to distribute at least 20% of the distributable profits as cash dividends annually, provided that the after-tax profit is positive and there are no significant capital expenditures planned [3][4]. Cash Dividend Policy - The board of directors will consider industry characteristics, development stages, operational models, profitability, and major capital expenditures when formulating a reasonable profit distribution plan [4][5]. - In cases of special circumstances where cash dividends are not distributed, the board must provide a detailed explanation to the shareholders [5]. Decision-Making and Execution - The profit distribution proposal is developed by the board of directors and must be approved by the shareholders' meeting [6][7]. - The company must communicate with shareholders, especially minority shareholders, to gather opinions before the shareholders' meeting reviews the profit distribution plan [6]. Reporting and Compliance - The company is required to disclose the execution status of the profit distribution in its annual report [7][8]. - Any adjustments to the profit distribution policy must comply with relevant regulations and require a special resolution from the shareholders' meeting [7][8].
大中矿业: 利润分配管理制度