Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

CHINA SUNTIEN GREEN ENERGY CORPORATION LIMITED

(956)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

China Suntien Green Energy : THE POLL RESULTS AT THE 2020 ANNUAL GENERAL MEETING

05/14/2021 | 12:15pm EST

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

CHINA SUNTIEN GREEN ENERGY CORPORATION LIMITED*

新 天 綠 色 能 源 股 份 有 限 公 司

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 00956)

THE POLL RESULTS AT THE 2020 ANNUAL GENERAL MEETING

POLL RESULTS OF THE AGM

The Board hereby announces that all resolutions proposed at the AGM held on Friday, 14 May 2021 were all duly passed.

DISTRIBUTION OF THE 2020 DIVIDEND

The Company will distribute the 2020 Dividend of RMB1.36 (tax inclusive) for every 10 shares on Friday, 9 July 2021 to the H shareholders whose names appear on the register of members on Monday, 31 May 2021.

References are made to the notice of the 2020 annual general meeting (the "AGM") dated 30 March 2021 and the supplementary notice of the 2020 AGM dated 28 April 2021 (collectively, the "Notices") and the shareholders circular dated 22 April 2021 (the "Circular") of China Suntien Green Energy Corporation Limited (the "Company"). Unless the context otherwise requires, the terms used in this announcement have the same meaning as those defined in the Circular and the Notices.

  1. POLL RESULTS OF THE AGM
    1. Convening and attendance of the AGM
    The board of directors of the Company (the "Board") hereby announces that the AGM was held at 10 a.m. on Friday, 14 May 2021 at the Conference Room, 5th Floor, Yun-Ray Ambassador Hotel, Shijiazhuang City, Hebei Province, the People's Republic of China (the "PRC"). All resolutions were duly passed.

1

As at the date of the AGM, the Company had 3,849,910,396 shares in total, comprising 2,010,906,000 A shares and 1,839,004,396 H shares, representing 100% of the total issued share capital of the Company. The shareholders and their authorized proxies who attended the AGM held an aggregate of 2,683,002,433 shares, representing 69.689997% of the total voting shares of the Company.

To the best of the Directors' knowledge, information and belief, having made all reasonable enquiries, and save for HECIC and its associates being required to abstain from voting on resolution no. 9, there were no restrictions on any shareholder casting votes on the resolutions proposed at the AGM and no party has stated his/her/its intention to vote against the resolutions proposed at the AGM or to abstain from voting.

1.

Number of shareholders and proxies attending the meeting

18

Among which: Number of holders of A shares

17

Number of holders of overseas listed foreign shares (H shares)

1

2.

Number of shares carrying voting rights held by the shareholders

2,683,002,433

attending the meeting (share)

Among which: Total number of shares held by holders of A shares

1,876,438,900

Total number of shares held by holders of overseas listed foreign

806,563,533

shares (H shares)

3.

Percentage of voting shares held by holders present at the meeting

69.689997

in total number of the Company's voting shares (%)

Among which: Shares held by holders of A shares in total number

48.739807

of shares (%)

Shares held by holders of overseas listed foreign shares in total

20.950190

number of shares (%)

The meeting was convened in compliance with the requirements of the Company Law of the PRC and the articles of association of the Company. The AGM was chaired by Mr. Mei Chun Xiao, an executive Director and the president.

2

2. Poll results of the AGM

The voting on the resolutions at the AGM was taken by poll pursuant to the Listing Rules. The poll results in respect of the resolutions proposed at the AGM are as follows:

For

Against

Abstain

Percentage

Percentage

Percentage

in total no. of

in total no. of

in total no. of

Resolutions

No. of votes

votes cast (%)

No. of votes

votes cast (%)

No. of votes

votes cast (%)

1

Resolution on the 2020 Annual Report of the

2,682,969,733

99.998781

32,700

0.001219

0

0.000000

Company

The resolution was duly passed as an ordinary resolution.

2

Resolution on the Report of the Board of Directors

2,682,969,733

99.998781

32,700

0.001219

0

0.000000

for 2020

The resolution was duly passed as an ordinary resolution.

3

Resolution on the Report of the Board of Supervisors

2,682,969,733

99.998781

32,700

0.001219

0

0.000000

for 2020

The resolution was duly passed as an ordinary resolution.

4

Resolution on the Financial Report of the Company

2,682,969,733

99.998781

32,700

0.001219

0

0.000000

for 2020

The resolution was duly passed as an ordinary resolution.

5

Resolution on the report of the final accounts of the

2,633,703,733

98.162555

49,298,700

1.837445

0

0.000000

Company for 2020

The resolution was duly passed as an ordinary resolution.

6

Resolution on the profit distribution plan of the

2,682,960,433

99.998435

42,000

0.001565

0

0.000000

Company for 2020

The resolution was duly passed as an ordinary resolution.

7

Resolution on the appointment of the audit institution

2,678,847,904

99.845154

4,154,529

0.154846

0

0.000000

for the Company's financial report and internal

control for 2021

The resolution was duly passed as an ordinary resolution.

8

Resolution on the report on the use of proceeds

2,682,969,733

99.998781

32,700

0.001219

0

0.000000

previously raised by the Company

The resolution was duly passed as an ordinary resolution.

9

Resolution on the estimated daily connected

592,880,640

73.481225

213,965,793

26.518775

0

0.000000

transactions to be conducted in the ordinary course of

business of the Company for 2021

The resolution was duly passed as an ordinary resolution.

10

Resolution on the purchase of liability insurance for

2,681,511,273

99.944422

1,491,160

0.055578

0

0.000000

directors, supervisors and senior management of the

Company

The resolution was duly passed as an ordinary resolution.

11

Resolution on the amendments to the Articles of

2,682,965,733

99.998632

36,700

0.001368

0

0.000000

Association of the Company

The resolution was duly passed as a special resolution.

3

For

Against

Abstain

Percentage

Percentage

Percentage

in total no. of

in total no. of

in total no. of

Resolutions

No. of votes

votes cast (%)

No. of votes

votes cast (%)

No. of votes

votes cast (%)

12

Resolution authorising the Board to exercise the

2,144,515,678

79.929696

388,772,412

14.490199

149,714,343

5.580105

general mandate to issue shares

The resolution was duly passed as a special resolution.

13

Resolution in relation to the provision of guarantee

2,677,224,233

99.784637

5,774,200

0.215214

4,000

0.000149

of RMB140 million for Hebei Suntien Guohua Gas

Co., Ltd. by the Company based on the proportion of

shareholding

The resolution was duly passed as an ordinary resolution.

Pursuant to the requirements of the relevant laws and regulations of the PRC, the Company discloses the poll results of the A shareholders (excluding Directors, Supervisors and senior management) who separately or collectively held less than 5% (exclusive) of the total issued share capital of the Company in respect of the following resolutions proposed at the AGM as follows:

Serial

For

Against

Abstain

number

Percentage

Number of

Percentage

Number of

Percentage

of

Number of

resolution

Resolutions

votes

(%)

votes

(%)

votes

(%)

6

Resolution on the profit distribution plan of the Company for 2020

240,900

85.153765

42,000

14.846235

0

0.000000

7

Resolution on the appointment of the audit institution for the

Company's financial report and internal control for 2021

250,200

88.441145

32,700

11.558855

0

0.000000

8

Resolution on the report on the use of proceeds previously raised by

the Company

250,200

88.441145

32,700

11.558855

0

0.000000

9

Resolution on the estimated daily connected transactions to be

conducted in the ordinary course of business of the Company for

2021

250,200

88.441145

32,700

11.558855

0

0.000000

10

Resolution on the purchase of liability insurance for directors,

supervisors and senior management of the Company

250,200

88.441145

32,700

11.558855

0

0.000000

11

Resolution on the amendments to the Articles of Association of the

Company

250,200

88.441145

32,700

11.558855

0

0.000000

13

Resolution in relation to the provision of guarantee of RMB140

million for Hebei Suntien Guohua Gas Co., Ltd. by the Company

based on the proportion of shareholding

249,800

88.299753

33,100

11.700247

0

0.000000

Please refer to the Notices and the Circular for the full text of all resolutions.

Computershare Hong Kong Investor Services Limited (as the Company's H share registrar in Hong Kong), Jia Yuan Law Offices (as the Company's PRC legal adviser), two shareholder's representatives and one supervisor of the Company, were appointed as the scrutineers for the vote-taking at the AGM and performed the calculation to determine the poll results of the AGM.

4

  1. DISTRIBUTION OF THE 2020 DIVIDEND
    Following the approval by the shareholders of the Company at the AGM, the Board is pleased to announce that details relating to the payment of dividend of the Company for the year ended 31 December 2020 (the "2020 Dividend") to H shareholders of the Company are as follows (Dividend payment to A shareholders will be announced separately).
    The Company will distribute the 2020 Dividend of RMB1.36 (tax inclusive) for every 10 shares on Friday, 9 July 2021 to the H shareholders whose names appear on the register of members on Monday, 31 May 2021. According to the Articles of Association of the Company, for H shareholders, the 2020 Dividend will be declared in Renminbi and paid in Hong Kong dollars. The actual amount of 2020 Dividend paid in Hong Kong dollars is calculated according to the average benchmark exchange rate of Renminbi against Hong Kong dollars as published by the People's Bank of China for the five business days preceding the date of AGM (i.e. RMB0.829722 against HK$1), being a final cash dividend of HK$1.639103 per 10 H shares (tax inclusive).

In order to determine the list of shareholders entitled to the 2020 Dividend, the H shares register of members of the Company will be closed from Wednesday, 26 May 2021 to Monday, 31 May 2021, (both days inclusive), during which period, no transfer of H shares will be effected. To be eligible to receive the 2020 Dividend, unregistered holders of H shares of the Company shall lodge relevant share transfer documents with the Company's H share registrar, Computershare Hong Kong Investor Services Limited at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong for registration not later than 4:30 p.m. on Tuesday, 25 May 2021.

  1. WITHHOLDING AND PAYMENT OF INCOME TAX
    Withholding and Payment of Enterprise Income Tax for Overseas Non-resident Enterprise Shareholders
    According to the Circular on Questions Concerning Withholding and Payment of Enterprise Income
    Tax for Dividends Payable to Overseas Non-Resident Enterprise H Shareholders by Chinese Resident Enterprises (Guoshuihan [2008] No.897) (關於中國居民企業向境外H股非居民企業股東 派發股息代扣代繳企業所得稅有關問題的通知) issued by the State Administration of Taxation, enterprise income tax at the rate of 10% shall be levied on dividends paid in or after 2008 by Chinese resident enterprises to overseas H shareholders that are non-resident enterprises. If any non-resident enterprise shareholders would like to apply for a refund of the excessive amount of tax withheld and paid after receiving the dividend, the Company can assist the relevant shareholders to handle the application for the underlying preferential tax benefits pursuant to the tax treaties. Any shares registered in the name of the non-individual registered shareholders, including HKSCC Nominees Limited, other nominees, trustees or other groups and organizations will be treated as being held by non-resident enterprise shareholders and therefore will be subject to the withholding of the enterprise income tax. If H shareholders intend to change its shareholder status, please enquire about the relevant procedures with your agents or transferee agent. The Company will strictly comply with law or the requirements of the relevant government authority and withhold and pay enterprise income tax on behalf of the relevant shareholders based on the register of members for H shares of the Company as at Monday, 31 May 2021.

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

China Suntien Green Energy Corporation Ltd. published this content on 14 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2021 16:14:04 UTC.


ę Publicnow 2021
All news about CHINA SUNTIEN GREEN ENERGY CORPORATION LIMITED
01/09CHINA SUNTIEN GREEN ENERGY : An announcement has just been published by the issuer in the ..
PU
01/07Suntien Green Energy to Raise $720 Million from Private Placement in Shanghai; Shares S..
MT
01/06China Suntien Green Energy Corporation Limited announced that it has received CNY 4.595..
CI
2021Suntien Strikes 15-Year LNG Purchase Deal With QatarEnergy Unit
MT
2021China Suntien Green Energy's November Power Output Surges 47.4%; Shares Rise 8%
MT
2021China Suntien Green Energy Corporation Limited Announces the Sales Volume of Gas of the..
CI
2021China Suntien Green Energy Corporation Limited Announces Consolidated Operating Results..
CI
2021China Suntien Green Energy's Power Output Jumps 19% in October
MT
2021China Suntien Green Energy Corporation Limited Announces Consolidated Operating Results..
CI
2021China Suntien Green Energy Books Over $8 Million in Q3 Loss; Shares Drop 8%
MT
More news
Financials
Sales 2021 15 772 M 2 485 M 2 485 M
Net income 2021 2 333 M 368 M 368 M
Net Debt 2021 30 639 M 4 827 M 4 827 M
P/E ratio 2021 7,56x
Yield 2021 4,60%
Capitalization 43 823 M 6 901 M 6 904 M
EV / Sales 2021 4,72x
EV / Sales 2022 4,61x
Nbr of Employees 2 388
Free-Float 59,9%
Chart CHINA SUNTIEN GREEN ENERGY CORPORATION LIMITED
Duration : Period :
China Suntien Green Energy Corporation Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CHINA SUNTIEN GREEN ENERGY CORPORATION LIMITED
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Last Close Price 4,42 CNY
Average target price 5,51 CNY
Spread / Average Target 24,7%
EPS Revisions
Managers and Directors
Chun Xiao Mei President & Executive Director
Xin Cao Chairman
Yim Keung Wan Independent Non-Executive Director
Tao Lin Independent Non-Executive Director
Dong Sheng Zhang Independent Member-Supervisory Board