Time: April 3, 2024 10:11:18 Original title of China Finance Network:Kweichow Moutai:Kweichow MoutaiAnnouncement of 2023 Profit Distribution Plan
Securities abbreviation:Kweichow Moutai Securities code: 600519 Number: Lin 2024-002
Kweichow Moutaiwine co., ltd.
Announcement of 2023 Profit Distribution Plan
The company’s board of directors and all directors guarantee that the contents of this announcement do not contain any false records, misleading statements or major omissions, and assume legal responsibility for the authenticity, accuracy and completeness of its contents.
Important content reminder:
●Distribution ratio: cash dividend of RMB 308.76 (tax included) for every 10 shares.
●This distribution is based on the company’s total share capital on the equity registration date for equity distribution. The specific date will be clarified in the distribution implementation announcement.
●If the company’s total share capital changes before the equity registration date for equity distribution, the total distribution amount will remain unchanged, the distribution ratio per share will be adjusted accordingly, and disclosed in relevant announcements.
1. Contents of distribution plan
Audited by Baker Tilly Certified Public Accountants (Special General Partnership), as of December 31, 2023,Kweichow MoutaiThe distributable profit of Liquor Co., Ltd. (hereinafter referred to as the “Company”) is RMB 172,983,178,300.09. According to the resolution of the board of directors, the company plans to implement the 2023 profit distribution plan based on the total share capital registered on the equity registration date for implementing equity distribution. The distribution plan is as follows: (1) After full study by the company’s board of directors, the company plans to distribute a cash dividend of 308.76 yuan (tax included) to all shareholders for every 10 shares. As of December 31, 2023, the company’s total share capital is 1,256,197,800 shares, and based on this calculation, a total cash dividend of 38,786,363,272.80 yuan (including tax) is planned.
(2) If the company’s total share capital changes before the equity registration date for equity distribution, the total amount of distribution will remain unchanged, the distribution ratio per share will be adjusted accordingly, and will be disclosed in relevant announcements.
(3) This distribution plan still needs to be submitted to the company’s shareholders’ meeting for review.
2. Decision-making procedures implemented by the company
(1) Review status of the board of directors
The company held the third meeting of the fourth board of directors in 2024 on April 2, 2024, and reviewed and approved the “Profit Distribution Plan for 2023”. This distribution plan complies with the provisions of the “Articles of Association”.
(2) Deliberations of the Board of Supervisors
The company held the first meeting of the fourth board of supervisors in 2024 on April 2, 2024, and reviewed and approved the “Profit Distribution Plan for 2023”.
3. Relevant tips
(1) This distribution plan comprehensively considers the company’s current production and operation status, future development capital needs, operating cash flow and other factors, and will not affect the company’s normal operations and long-term development.
(2) This profit distribution plan needs to be submitted to the company’s shareholders’ meeting for review and approval before implementation. Investors are advised to pay attention to investment risks.
Special announcement.
Kweichow MoutaiLiquor Co., Ltd. Board of Directors
April 3, 2024
China Finance Network
2024-04-03 02:11:18
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