晨鸣Ｂ：2019年年度报告摘要（英文版）.PDF

1、2019 Annual Report Summary of Shandong Chenming Paper Holdings Limited 1 2019 Annual Report Summary of Shandong Chenming Paper Holdings Limited I.IMPORTANT NOTICE This annual report summary is extracted from the text of the annual report.For the full understanding of the operating results,financial

2、position and plan for further development,investors should carefully read the text of the annual report published on the media as designated by the CSRC and the website of The Stock Exchange of Hong Kong Limited.All directors have attended the board meeting to review this report.Notice of non-standa

3、rd auditors opinion Applicable Not applicable A proposed profit distribution plan on ordinary shares or a proposed plan on conversion of capital reserves into share capital for the reporting period was considered and passed by the Board Applicable Not applicable Whether there is an increase of share

4、 capital from reserves Yes No Based on the total ordinary share capital of 2,904,608,200 shares as at the end of 2019,a cash dividend of RMB1.5(tax inclusive)per 10 shares will be distributed to ordinary shareholders.No bonus shares(tax inclusive)will be issued.A cash dividend of RMB435,691,230 will

5、 be distributed to ordinary shareholders.A proposed profit distribution plan on preference shares for the reporting period was considered and approved by the Board Applicable Not applicable Based on the 1,162,790,698 simulated ordinary shares converted from the preference shares using a conversion r

6、atio of 1 share valued at RMB3.87 as at the end of 2019,a cash dividend of RMB1.5(tax inclusive)per 10 simulated ordinary shares converted from the preference shares will be distributed to holders of preference shares.A variable cash dividend of RMB174,418,604.70 will be distributed to holders of pr