002911SZSE

Announcement on 2025 Profit Distribution Plan and Authorization for the Board to Decide on 2026 Interim Profit Distribution Plan

Foran Energy Group Co., Ltd.··3 pages

✨ AI Summary

Foshan Energy Group Co., Ltd. proposes a 2025 profit distribution of RMB 2.7 per 10 shares, totaling RMB 350.57 million. The company also seeks authorization for the board to decide on the 2026 interim profit distribution plan, subject to profitability and cash flow conditions. This plan aims to reward shareholders while ensuring operational stability.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· gemini_document

Securities Code: 002911 Securities Abbreviation: Foshan Energy Announcement No.: 2026-019

Foshan Energy Group Co., Ltd.

Announcement on 2025 Profit Distribution Plan and Authorization for the Board to Decide on 2026 Interim Profit Distribution Plan

The Company and all members of its Board of Directors guarantee the content of this information disclosure is true, accurate, and complete, and that there are no false representations, misleading statements, or material omissions.

I. Deliberation Procedures

Foshan Energy Group Co., Ltd. (hereinafter referred to as the "Company") held the 28th meeting of the Sixth Board of Directors on March 23, 2026, and deliberated and approved the "Proposal on the 2025 Profit Distribution Plan and Authorization for the Shareholders' Meeting to Authorize the Board of Directors to Decide on the 2026 Interim Profit Distribution Plan." The relevant matters are hereby announced as follows:

II. Basic Situation of 2025 Equity Distribution and 2026 Interim Dividend Plan

(I) Basic Content of the Current Profit Distribution Plan

Audited by Guangdong Sinong Certified Public Accountants (Special General Partnership), the Company's net profit attributable to shareholders of the listed company in 2025 was RMB 1,030,266,871.49, with undistributed profits of RMB 2,448,702,074.92. The net profit of the parent company was RMB 876,818,397.61, with undistributed profits of RMB 756,083,782.85. Based on the principle of the lower of undistributed profits in the consolidated financial statements and the parent company's financial statements, the profit available for distribution this year is RMB 756,083,782.85. During the reporting period, the Company appropriated RMB 87,681,839.76 as statutory surplus reserve.

Based on the current total share capital of 1,298,394,217 shares, the Company proposes to distribute a cash dividend of RMB 2.7 (tax inclusive) for every 10 shares to all shareholders, totaling RMB 350,566,438.59 (tax inclusive), all from the Company's own funds. No bonus shares will be issued, and no capital reserve will be used to convert into share capital.

If the total share capital of the Company changes due to reasons such as conversion of convertible bonds, share buybacks, exercise of employee stock options, or listing of new shares from refinancing after the announcement of the distribution plan and before its implementation, the distribution ratio will remain unchanged and will be adjusted accordingly.

(II) Explanation of 2025 Cash Dividend

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.