Shanghai Dazhong Public Utilities : DZUG held the sixth meeting of the 11th board of directors and board of supervisors

DZUG held the sixth meeting of the 11th board of directors and board of supervisors

DZUG held the sixth meeting of the 11th board of directors on March 30, 2021. The meeting was presided over by Mr. Yang Guoping, chairman of the board of directors. All supervisors and senior managers attended the meeting as nonvoting delegates. After careful deliberation, the directors attending the meeting, The following proposals have been passed: the work report of the board of directors in 2020, the operation report in 2020, the report on the work of independent directors in 2020, the financial final accounts report in 2020 and the financial budget report in 2021, the profit distribution plan in 2020, the full text and abstract of the annual report in 2020, and the annual report on the company's profit distribution in 2020 The report includes the control evaluation report of the Ministry of finance, the performance report of the audit committee of the board of directors in 2020, the social responsibility report of the company in 2020, the environmental, social and Governance (ESG) report of the company in 2020, the proposal on the budget of the company's daily connected transactions in 2021, the proposal on the company's application for bank credit line in 2021, and the The proposal on providing guarantee for external financing of holding subsidiary in 2021, the proposal on cash management with idle self owned funds, the proposal on renewing the employment of domestic audit institutions and internal control audit institutions of the company in 2021, the proposal on renewing the employment of overseas audit institutions of the company in 2021, and the proposal on the company's plan to register and issue ultra short term bonds Proposals on financing bonds and ultra short term financing bonds, proposals on the company's plan to register and issue medium-term notes, proposals on the company's provision for asset impairment and asset write off in 2020, and proposals on convening the company's annual general meeting in 2020.

In addition, the board of directors confirmed the resolutions of the sixth meeting of the audit committee of the 11th board of directors, the first meeting of the remuneration and assessment committee of the 11th board of directors, the first meeting of the nomination committee of the 11th board of directors, the first meeting of the strategic development committee of the 11th board of directors, and listened to the development plan (Abstract) of the company in the 14th five year plan (2021-2025). Hong Kong Jiayuan law firm was employed to train the directors, supervisors and senior managers on the Listing Rules of the Hong Kong stock exchange.

2020 is the end of the 13th Five-Year plan. In the face of sudden COVID-19, the group responded positively and conscientiously implemented the government's epidemic prevention requirements in the locality of the company and its subordinate enterprises, and tried to seize the opportunity of the economic recovery and development after the epidemic gradually relieved, minimizing the impact of the epidemic on the management and management objectives. In 2020, the group achieved a business income of 4 billion 783 million yuan. The net profit attributable to the parent company is 515 million yuan. The profit distribution plan of the company in 2020 is: Based on the total share capital of 2952434675 shares at the end of 2020, 0.55 yuan (including tax) is planned to be distributed for every 10 shares, which can be implemented only after being submitted to the annual general meeting of shareholders in 2020 for voting.

On the same day, the sixth meeting of the 11th board of supervisors was held in the 910 meeting room of the company. All supervisors and senior managers attended the meeting, and 14 proposals were deliberated and passed.