000760SZSE

Special Explanation on the Company's Decision Not to Distribute Profits for the Year 2020

Statoil Co., Ltd.··2 pages

✨ AI Summary

The board of Starlight Power Co., Ltd. has approved a proposal not to distribute profits for 2020 due to ongoing losses and financial difficulties. The net profit attributable to shareholders was -63.51 million yuan, with undistributed profits at -2.23 billion yuan. This decision will be submitted for approval at the 2020 annual shareholders' meeting.

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Full Translation

AI Translation· azure_openai

Starlight Power Co., Ltd. (hereinafter referred to as "the Company") and all members of the board of directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

The Company held the 25th meeting of the 10th Board of Directors and the 17th meeting of the 10th Supervisory Board on July 5, 2021, where the proposal for the Company not to distribute profits for 2020 was reviewed and approved. According to the "Guidelines for the Supervision of Listed Companies No. 3 - Cash Dividends of Listed Companies" and the relevant provisions of the Company's Articles of Association, this proposal needs to be submitted to the 2020 annual shareholders' meeting for review. The relevant matters are explained as follows:

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