Shanghai DaZhong Public Utlts Gp : DZUG convene the 21st meeting of the 10th board of directors and the 20th meeting of the 10th board of supervisors

DZUG convene the 21st meeting of the 10th board of directors and the 20th meeting of the 10th board of supervisors

The 21st Meeting of the 10th board of directors of DZUG was held on March 30, 2020. The meeting was presided over by Mr. Yang Guoping, chairman of the board of directors. It was in line with the relevant provisions of the company law and the articles of association. The meeting was legal and effective. After careful deliberation, the directors present at the meeting, The following proposals have been passed: 2019 annual report of the board of directors, 2019 annual report of business operation, 2019 annual report of independent directors, 2019 annual financial final account report and 2020 annual financial budget report of the company, 2019 annual profit distribution plan of the company, 2019 annual report full text and abstract, on the company's 2019 annual internal Control evaluation report, performance report of the audit committee of the board of directors in 2019, social responsibility report of the company in 2019, environmental, social and Governance (ESG) report of the company in 2019, proposal on the company's daily related party transactions in 2020，proposal on the company's application for bank credit line in 2020, proposal on the company's providing guarantee for the external financing of its holding subsidiaries in 2020, proposal on the signing of mutual insurance agreement and related party transaction between the company and its controlling shareholders, proposal on the company and its subsidiaries using idle self owned funds for entrusted financing in 2020, proposal on the renewal of the company 2 Proposal on domestic audit institutions and internal control audit institutions in the year of 2020, proposal on the renewal of the company's overseas audit institutions in the year of 2020, proposal on the issuance of domestic and foreign debt financing instruments, proposal on the provision for impairment of intangible assets, proposal on the change of the board of directors of the company, proposal on the revision of the articles of association and the handling of industrial and commercial registration Motion recorded，proposal on Amending the rules of procedure of the general meeting of shareholders, < the rules of procedure of the board of directors, < the rules of procedure of the board of supervisors, < the proposal on convening the 2019 annual general meeting of shareholders of the company. In addition, the board of directors also confirmed the resolutions of the 14th meeting of the audit committee of the 10th board of directors, the 3rd meeting of the remuneration and evaluation committee of the 10th board of directors, the 3rd meeting of the nomination committee of the 10th board of directors and the 2nd meeting of the strategic development committee of the 10th board of directors. The meeting also invited lawyers from Jiayuan law firm to train on Listing Rules of HKEx.

In 2019, the group adheres to the development strategy of 'public utilities and financial venture capital go hand in hand', focuses on the deployment of the board of directors and the requirements of strategic development, focuses on the expansion and strength of the main business of public utilities, takes the continuous layout of high-quality project investment to boost high-quality development as the main line, and vigorously promotes the development of the group's key work throughout the year. In 2019, the group achieved an operating revenue of 5.460 billion yuan and a net profit of 526 million yuan, an increase of 10.03% year on year, setting a new record. The profit distribution plan of the company in 2019 is: Based on the total capital stock of 2,952,434,675 shares at the end of 2019, the cash dividend of RMB 0.60 (including tax) is to be distributed for every 10 shares, and the proposal can only be implemented after it is submitted to the general meeting of shareholders in 2019 for voting.

On the same day, the 14th meeting of the 10th board of supervisors was held in the 903 meeting room of the company. All supervisors attended the meeting and 13 proposals were deliberated and adopted.