Stock code: 002895 Stock abbreviation: Chuanheng shares Announcement number: 2021-011
1. Important Notice
The summary of this annual report is from the full text of the annual report, in order to fully understand the company's operating results, financial position and future development plans, investors should go to the media designated by the CSRC to read the full text of the annual report carefully.
In addition to the directors listed below, other directors attended the Board meeting at which the annual report was considered in person
Tips for non-standard audit opinions
□ Applicable √ Not applicable
The Board of Directors considers the plan for the distribution of profits from ordinary shares for the reporting period or the plan for the conversion of provident fund into equity capital
The company plans not to pay cash dividends, not to send bonus shares, and not to use the provident fund to increase the share capital.
The Board of Directors approved a plan for the distribution of preferred stock profits for the reporting period
□ Applicable □ Not applicable
Second, the basic situation of the company
1. Company Profile
2. Brief introduction of the main business or product in the reporting period
During the reporting period, the company's main business is calcium dihydrogen phosphate, monoammonium phosphate and a small amount of mixed fertilizer, water-soluble fertilizer and ammonium polyphosphate production, sales, the company's main products are calcium dihydrogen phosphate, monoammonium phosphate, of which: calcium dihydrogen phosphate for feed grade, monoammonium phosphate is mainly for fire fighting, a small amount for fertilizer, as follows:
(1) Feed grade calcium dihydrogen phosphate product introduction and use
Feed grade calcium dihydrogen phosphate is an efficient and excellent phosphate feed additive, used to supplement the phosphorus, calcium and other mineral nutrients required by aquatic animals and livestock, with high phosphorus content, good water solubility, is currently the highest biological potency of a feed grade calcium phosphate salt. Feed grade calcium dihydrogen phosphate implements the national quality standard GB22548-2017.
The calcium phosphate salt products used as phosphorus and calcium nutritional additives in animal feed mainly include feed grade dibasic calcium phosphate (including monodicalcium phosphate, that is, dibasic calcium phosphate type III), feed grade dihydrogen phosphate, etc., of which the biological potency of feed grade dihydrogen phosphate is higher. Feed grade calcium dihydrogen phosphate has the characteristics of high water solubility and high absorption rate, and is superior to other calcium phosphate products in terms of water environmental protection. The proportion of feed grade dihydrogen calcium phosphate in aquatic feed is 1%-3%, and the utilization rate of phosphorus in fish and shrimp is as high as 94%-98%. In addition to aquatic animals, feed grade dihydrogen phosphate is also used to supplement the phosphorus, calcium and other mineral nutrients of livestock cubs, feed grade calcium dihydrogen phosphate is used as its feed additive, which can improve the digestion of poultry pups after weaning, and its acidity can also maintain the balance of intestinal flora and reduce the rate of diarrhea.
Feed grade dihydrotraum phosphate in domestic and foreign markets has different uses: in the domestic market, feed grade calcium dihydrogen phosphate is mainly used as an aquatic feed additive, a small part is used as a feed additive for livestock cubs, while livestock feed additives are mainly used for feed grade dihydrogen phosphate; in foreign markets, feed grade dihydrocalcium phosphate is the mainstream calcium phosphate additive that supplements animal phosphorus and calcium nutrients, and is widely used in aquatic feed and livestock feed. The reason for the above difference is: in the foreign market, on the one hand, more attention to environmental protection, feed grade calcium dihydrogen phosphate high water solubility, high absorption rate characteristics make livestock manure pollution of the water environment reduced, on the other hand, the price gap between foreign feed grade calcium dihydrogen phosphate and feed grade dibasic calcium phosphate is relatively small, so livestock feed additives also use calcium dihydrogen phosphate; in the domestic market, because the price of feed grade calcium dihydrogen phosphate is lower than that of feed grade calcium dihydrogen phosphate, while livestock manure has not received enough attention to water pollution, The market space for feed-grade calcium dihydrogen phosphate has not yet been fully opened.
(2) Monoammonium phosphate product introduction and use
Monoammonium phosphate is a kind of white crystal, which can be made into white powder or granular matter, with certain moisture absorption and good thermal stability. Monoammonium phosphate is mainly used in high concentration compound fertilizer, high-end compound fertilizer raw materials, ABC dry powder fire extinguishing agent and other fields. The appearance of monoammonium phosphate produced by the issuer is a white powder, which belongs to the fertilizer grade monoammonium phosphate, and implements the standard of "monoammonium phosphate, diammonium phosphate" (GB10205-2009), which can be applied to the field of ABC dry powder fire extinguishing agent or fertilizer.
Monoammonium phosphate produced by the company is mainly used in ABC dry powder fire extinguishing agent, and monoammonium phosphate accounts for more than 75% of the quality of ABC dry powder fire extinguishing agent, which is the most important raw material for dry powder fire extinguishing agent. Due to the strict quality requirements of the state for ABC dry powder fire extinguishing agent, the fire protection monoammonium phosphate industry has high product quality requirements, and the mainstream products in the current market are the main content of 90% of the fire monoammonium phosphate provided by the issuer.
At the same time, the fertilizer monoammonium phosphate produced by the company is mainly used for compound fertilizers (compound fertilizers), mixed fertilizers and a large number of elemental water-soluble fertilizers, mainly including 66% and 68% of the two nutrient content specifications of the product.
(3) Ammonium polyphosphate product introduction and use
The appearance of ammonium polyphosphate products produced by the company is white powder, the degree of polymerization is 10 to 15, the polymerization rate is more than 98%, the P2O5 content is 64% to 66%, the nitrogen content is 14% to 16%, the pH value is 6 to 8, and the moisture content is not more than 3%.
Ammonium polyphosphate is mainly used as a high-concentration fertilizer, can also be used as a flame retardant for cellulose materials such as paper, wood, etc., the company's fertilizer grade ammonium polyphosphate products, the main functional characteristics are the following:
(1) Ammonium polyphosphate is a kind of quick-acting and long-acting combination of slow-solubility, high concentration of nitrogen and phosphorus fertilizer, phosphorus utilization rate is high, pH is neutral, high safety of soil and crops, it is not easy to react with calcium, magnesium, iron, aluminum plasma in the soil solution and make the phosphate ineffective, usually not directly absorbed by crops, but gradually hydrolyzed into orthophosphate in the soil and then absorbed and utilized by crops.
(2) Ammonium polyphosphate has a complex effect on metal ions, which can activate trace elements in the soil and make plants easy to absorb and utilize.
(3) Ammonium polyphosphate is fully water-soluble, which can be used as sprinkler irrigation, drip irrigation and foliar spraying to achieve water control and weight loss.
(4) Ammonium polyphosphate has a high nutrient content, which is more than 7 percentage points higher than that of industrial monoammonium phosphate. The large compounding space reduces the difficulty of formulating high-concentration water-soluble fertilizers, and the corresponding transportation costs can also be greatly reduced.
(4) Introduction and use of mixed fertilizer and water-soluble fertilizer products
The blended fertilizer produced by the company is any two or three kinds of fertilizer containing nitrogen, phosphorus and potassium, which is made of unit fertilizer or compound fertilizer as raw material, and is made by mechanical mixing, without significant chemical reaction during the mixing process. At present, the company's blended fertilizer products mainly implement the national standard of blended fertilizer (BB fertilizer) (GB 21633-2008).
A large number of elemental water-soluble fertilizers produced by the company are matched with "water and fertilizer integration", dissolved or diluted by water, and used for irrigation fertilization, foliar fertilization, soilless cultivation, soaking seeds and dipping roots.
3. Main accounting data and financial indicators
(1) The main accounting data and financial indicators in the past three years
Whether the company is required to retroactively adjust or restate previous year's accounting data
□ Yes √ No
Unit: Meta
(2) Quarterly main accounting data
Whether the above financial indicators or their combined totals are materially different from the relevant financial indicators of the Company's disclosed quarterly reports and semi-annual reports
4. Share capital and shareholders
(1) A table of the number of common shareholders and preferred shareholders whose voting rights have been restored and the shareholdings of the top 10 shareholders
Unit: Shares
(2) The total number of preferred shareholders of the company and the shareholding of the top 10 preferred shareholders
There were no preferred shareholders' holdings during the Company's reporting period.
(3) Disclose the property rights and control relationship between the company and the actual controller in the form of a block diagram
5. Corporate bonds
Whether the Company has a public offering and is listed on a stock exchange and has not matured or failed to pay in full on the date of approval of the annual report
not
Third, the business situation is discussed and analyzed
1. Brief introduction of the business situation in the reporting period
During the reporting period, the company continued to consolidate the development of its main business, completed the non-public issuance of shares, and the funds raised were mainly used by its holding subsidiary, Guangxi Pengyue, to invest in the construction of the "200,000 tons/year hemi-water-dihydrate wet phosphoric acid and deep processing project", and at the same time actively deployed epidemic prevention and control measures to avoid the greater impact of the new crown epidemic on the company's main business. The company's main operations during the year are as follows:
1. Continue to consolidate the development of the main business and actively respond to the impact of the epidemic on the company's production and operation
During the reporting period, the company continued to consolidate the development of its main business, with a main business income of 1,379,643,900 yuan, an operating income of 1,777,251,900 yuan, a main business income accounting for 77.63% of the operating income, an increase of 1.60% over the same period of the previous year, a total profit of 172.7209 million yuan, down 19.73% from the same period of the previous year, and a net profit attributable to the shareholders of the listed company of 142,612,700 yuan, down 20.95% from the same period of the previous year. The reasons for the large changes in the company's financial indicators are: the rise in sulfuric acid prices and the decline in product prices caused by the epidemic, and the gross profit margin has decreased more than last year.
2. Complete the non-public issuance of shares, raise funds mainly into the construction of phosphorus chemical projects, and expand the production capacity of phosphorus chemical products
The company's 2019 non-public issuance of shares application was approved by the CSRC during the year, and in September 2020, the company completed the relevant issuance work, the stock issue price was 11.37 yuan per share, the actual net amount of funds raised was 890.9268 million yuan, the actual net amount of funds raised was less than the amount of funds raised by the proposed investment project, which was approved by the board of directors and the board of supervisors, and the company adjusted the amount of investment in each fundraising project according to the priority of the project. The amount of funds raised after the adjustment is still mainly used by the holding subsidiary Guangxi Pengyue for the construction of the "200,000 tons / year hemihydrate - dihydrate wet phosphoric acid and deep processing project", which is intended to expand the company's phosphorus chemical product production capacity, enrich the product structure, and improve the industrial chain. As of the end of this year, the project has completed the project site leveling work, the fundraising project has invested 12.3716 million yuan, as of the disclosure date of this report, Guangxi Pengyue has used its own funds to obtain part of the right to use state-owned construction land required for construction, and the investment and construction progress of the project is progressing normally; the raised funds used to supplement working capital and repay bank loans have been used for the specified purposes during the year, the relevant raised funds have been used, and the special account for the raised funds has been cancelled.
3. Implement employee incentives, complete the grant of reserved rights and interests and unstrict the limit of some shares
The 2019 Restricted Stock Incentive Plan, which was approved by the Company's Board of Directors, the Board of Supervisors and the General Meeting of Shareholders, was granted for the first time in 2019, with an actual grant of 7,616,000 restricted shares and a reserved interest of 800,000 shares. During the year, the reserved rights and interests were clearly granted by the board of directors, and the board of supervisors verified the list, and actually completed the grant of 795,000 shares of reserved rights and interests; the first restriction period of the restricted shares granted for the first time expired, and the board of directors and the board of supervisors confirmed that the company and individuals did not have the situation that could not be lifted from the restriction, the company-level performance indicators were completed, the results of the assessment of individual performance were excellent, and all 3.808 million shares of all restricted shares in the first restriction period were lifted from the restriction. The company's implementation of equity incentives in this year is conducive to the stability of the company's management and business technology backbone, is conducive to the company's long-term and stable business development, effectively combines the interests of shareholders, the interests of the company and personal interests, and is conducive to enhancing the cohesion of the company's team.
4. Promote the industrial application of phosphorus gypsum filling, and solve the restrictions on the production and operation of phosphogypsum consumption on the company
The "semi-phosphogypsum modified cementitious material and filling technology" jointly developed by the company and the University of Science and Technology Beijing was identified by the China Petroleum and Chemical Industry Federation in 2019 that the research results reached the international leading level, and the research results successfully solved the two major problems of phosphorus chemical enterprises phosphogypsum storage difficulties and high filling costs of phosphate mining enterprises, which can greatly improve the mine recovery rate and the large-scale utilization of phosphogypsum, and the cost reduction and efficiency increase effect is remarkable, which is of great significance to the construction of green mines and the transformation and upgrading of the phosphorus chemical industry. During this year, the company has used this technology to carry out the industrial application project of CH semihydral phosphorus gypsum new filling cementitious material (Rooster Mountain open pit filling), accumulatively utilizing more than 900,000 tons of phosphogypsum, and the technology has the conditions for industrial application. During the year, the company actually consumed more phosphogypsum than the amount of phosphogypsum produced by production through the comprehensive utilization methods such as cement retarders, building materials and mine filling by third parties, and consumed part of the storage of phosphogypsum to solve the restrictions on the production and operation of phosphogypsum on the company.
5. The application for the public issuance of convertible corporate bonds is intended to further ensure the adequate supply of raw materials
After the deliberation and approval of the board of directors, the board of supervisors and the shareholders' general meeting of the company, the company intends to publicly issue convertible corporate bonds to raise funds of 1.160 billion yuan for the construction of: (1) Fuquan City new mineralized integrated phosphorus resources deep processing project - 1.5 million t/a medium and low grade phosphate ore comprehensive utilization concentrator and supporting facilities; (2) Fuquan City new mineralized integrated phosphorus resources deep processing project - 300,000 tons / year pyite sulfuric acid production plant; (3) 300,000 tons / year pyrite sulfuric acid project ;(4) Engineering Research Center of Guizhou Chuanheng Chemical Co., Ltd.; (5) Supplementary working capital; (6) Repayment of bank loans. The funds raised are mainly used for the construction of new phosphate ore beneficiation plant and pyrite acid production device, providing the main raw materials for the company's production and the normal production of Pengyue in Guangxi, that is, high-grade phosphate concentrate and sulfuric acid after flotation, reducing the impact of external raw material price fluctuations on the company's production costs, and ensuring the adequate supply of raw materials. As of the date of this report, the Company's application for issuance has been accepted by the SFC.
2. Whether there are major changes in the main business during the reporting period
3. Products that account for more than 10% of the company's main business income or main business profits
√ Applicable □ Not applicable
4. Whether there are seasonal or cyclical characteristics of the operation that require special attention
5. An explanation of the operating income, operating costs, total net profit attributable to the common shareholders of the listed company during the reporting period or constituting a material change compared with the previous reporting period
6. Facing delisting
7. Matters related to financial reporting
(1) A description of changes in accounting policies, accounting estimates, and accounting methods compared to the previous year's financial report
(1) Changes in important accounting policies
The Group implemented the new revenue standard with effect from 1 January 2020. In accordance with the provisions of the Standard, the Company adjusts the amount of retained earnings and other related items in the financial statements at the beginning of 2020 only for the cumulative impact of contracts that have not been completed on the first execution date.
Before and after the implementation of the new revenue standard, the main difference in revenue recognition accounting policy is that the time point of revenue recognition changes from the transfer of risk-reward to the transfer of control. The implementation of the new revenue standard does not affect the company's business model, contract terms, and there is no difference in the specific time point of revenue recognition before and after the implementation of the new revenue standard. There is no impact on the operating income of each year (end) before the date of the first execution, the net profit attributable to the company's common shareholders, the total assets, and the net assets attributable to the company's common shareholders.
(2) Changes in significant accounting estimates: None
(3) The implementation of the new revenue standard from 2020 (the first time) adjusts the implementation of the relevant items in the financial statements at the beginning of the year
The Group's implementation of the new revenue standard from 2020 onwards adjusts the implementation of the relevant items in the financial statements at the beginning of the current year
Consolidated balance sheet adjustments
Statement of Consolidated Balance Sheet Adjustments:
The impact of the Group's implementation of the new revenue standard on the consolidated financial statements at the beginning of the year is only the reclassification of liabilities, and has no impact on the total assets, total liabilities and total net assets of the Group's consolidated financial statements at the beginning of the year.
Balance sheet adjustments of the parent company
Parent company balance sheet adjustment statement statement statement:
The impact of the Company's implementation of the new revenue standard on the financial statements at the beginning of the year is only the reclassification of liabilities, and has no impact on the total assets, total liabilities and total net assets of the Company's financial statements at the beginning of the year.
(2) A description of the situation in which the correction of material accounting errors occurred during the reporting period and needed to be restated retrospectively
There were no material accounting error corrections requiring retrospective restatement during the Company's reporting period.
(3) A description of the changes in the scope of the consolidated statements compared to the previous year's financial report
There were no changes in the scope of the consolidated statements during the Company's reporting period.
Stock code: 002895 Stock abbreviation: Chuanheng shares Announcement number: 2021-017
Guizhou Chuanheng Chemical Co., Ltd. about the convening
Notice of the Company's 2020 Annual General Meeting of Shareholders
The Company and all members of the Board of Directors warrant that the information disclosed is true, accurate and complete and that there are no misrepresentations, misleading statements or material omissions.
First, the basic situation of convening the meeting
1. Session of the General Meeting of Shareholders: 2020 Annual General Meeting of Shareholders
2. The convener of the shareholders' meeting: the board of directors
3. Legality and compliance of the meeting: The 33rd meeting of the second board of directors of the company deliberated and passed the "Proposal on Convening the Company's 2020 Annual General Meeting of Shareholders", and the convening of the shareholders' meeting complies with the relevant laws, administrative regulations, departmental rules, normative documents and the company's articles of association.
4. Date and time of the meeting:
(2) The time for online voting is March 2, 2021. Among them, the voting time through the Shenzhen Stock Exchange Internet voting system is: 9:15-15:00 on March 2, 2021, and the specific time for online voting through the Shenzhen Stock Exchange trading system is: March 2, 2021 9:15-9:25, 9:30-11:30 and 13:00-15:00.
The company will provide a voting platform in the form of an online to all shareholders of the company through the Internet system and trading system of the Shenzhen Stock Exchange (address: http://wltp.cninfo.com.cn), and the shareholders can exercise their voting rights through the above system during the online voting time.
The shareholders of the company shall choose one of the methods of on-site voting and online voting, and if there is a duplicate vote on the same voting right, the result of the first vote shall prevail; if there is a duplicate vote in the online voting, the result of the first vote shall also prevail.
5. The way the meeting is held: The meeting is held by combining on-site voting and online voting.
6. Date of the company's equity registration: February 24, 2021 (Wednesday)
7. Participants:
(1) All shareholders of the Company registered with China Settlement Shenzhen Branch as of the close of business on the afternoon of February 24, 2021 shall have the right to attend the General Meeting of Shareholders and may appoint a proxy in writing to attend the meeting and participate in voting, and the shareholder proxy need not be a shareholder of the Company;
(2) Directors, supervisors and senior management of the company;
(3) Lawyers hired by the company;
(4) Other persons who shall attend the general meeting of shareholders in accordance with relevant laws and regulations.
8. Conference venue: Guizhou Chuanheng Chemical Co., Ltd. conference room, Longchang Town, Fuquan City, Qiannan Prefecture, Guizhou Province
2. Matters considered by the Conference
(1) Matters to be deliberated at the meeting
1. "2020 Annual Report on the Work of the Board of Directors"
2. "2020 Annual Report on the Work of the Board of Supervisors"
3. Full text of the 2020 Annual Report and Its Summary
4. 2020 Annual Financial Final Account Report
5. 2021 Annual Financial Budget Report
6. "2020 Annual Profit Distribution Plan"
7. Proposal to Renew shineWing as the company's 2021 annual auditor
8. Proposal on the Report on the Use of funds raised in the previous period (as of December 31, 2020)
9. Proposal on the Acquisition of Mining Rights of Xinqiao Phosphate Mine and Jigongling Phosphate Mine and Related Assets
9.01 Acquisition of Mining Rights and Related Assets of Xinqiao Phosphate Mine and Jigongling Phosphate Mine
9.02 Performance Commitments in the Context of Asset Transfers
Proposal 6 considered at the Shareholders' Meeting is a special resolution and needs to be passed by more than two-thirds of the total number of voting shares present at the Shareholders' Meeting; Proposal 9 is a related party transaction, each sub-proposal is voted on item by item and the affiliated shareholders will recuse themselves from voting, and Proposal 9.01 is the premise for proposal 9.02 to take effect after deliberation and approval.
The Company's independent directors will report at the 2020 Annual General Meeting.
(2) Disclosure of matters under consideration
The above proposals have been deliberated and approved by the 33rd meeting of the 2nd Board of Directors and the 22nd meeting of the 2nd Supervisory Board held by the Company on February 9, 2021, respectively, for details, please refer to the "Announcement of the Resolution of the 33rd Meeting of the 2nd Board of Directors" (Announcement No. 2021-010) published by the Company on February 10, 2021 in Securities Times, China Securities News, Securities Daily and Juchao Information Network (http://www.cninfo.com.cn) (Announcement No. 2021-010) 22nd Meeting of the Second Supervisory Board (Announcement No. 2021-018) and other related announcements.
3. Proposal coding
4. Registration matters for the meeting
2. Registration method:
(1) Where a natural person shareholder attends the meeting in person, he or she shall present his/her identity card or other valid certificate or certificate that can indicate his identity, or a stock account card; if he is entrusted to attend the meeting on behalf of others, he shall present his/her valid identity document and shareholder power of attorney (see Annex 1);
(2) Legal person shareholders shall be represented at the meeting by the legal representative or an agent entrusted by the legal representative. Where the legal representative attends the meeting, he shall present his/her identity card and a valid certification document that can prove that he or she has the qualifications of the legal representative; where an agent is entrusted to attend the meeting, the agent shall present his or her identity card and a power of attorney signed by the legal representative of the legal person shareholder.
(3) Non-local shareholders may register by letter or fax, which shall be subject to the time of arrival at the company. The deadline is 15:00 on March 2, 2021, and please indicate "General Meeting of Shareholders" on the envelope. Telephone registration is not accepted at the General Meeting of Shareholders.
3. Registration location: Guizhou Chuanheng Chemical Co., Ltd. in Longchang Town, Fuquan City, Qiannan Prefecture, Guizhou Province
4. Conference contact information:
Contact: Li Jian
Contact number: 0854-2441118
Fax: 0854-2210229
Email: [email protected]
Contact address: Guizhou Chuanheng Chemical Co., Ltd. in Fuquan City, Qiannan Prefecture, Guizhou Province
Postal code: 550505
Shareholders participating in the on-site meeting are responsible for their own expenses such as food, lodging, transportation, etc.
During the online voting period, if the voting system encounters the impact of major emergencies, the process of the shareholders' meeting will be carried out according to the notice of the same day.
V. The specific operational procedures for participating in online voting
At this shareholders' meeting, shareholders can participate in voting through the Shenzhen Stock Exchange trading system and the Internet voting system (address http://wltp.cninfo.com.cn), and the specific operation process of online voting is detailed in Annex II.
6. Documents for reference
1. Resolution of the 33rd Meeting of the Second Board of Directors of the Company;
2. Resolution of the 22nd Meeting of the Second Supervisory Board of the Company.
This is hereby announced.
Guizhou Chuanheng Chemical Co., Ltd
board of directors
February 10, 2021
Annex I:
Power of Attorney
I hereby entrust Mr. / Ms. to represent my / your unit to attend the 2020 Annual General Meeting of Shareholders of Guizhou Chuanheng Chemical Co., Ltd., and the Trustee has the right to vote on the matters considered at the Shareholders' Meeting in accordance with the instructions of this Power of Attorney and sign the relevant documents on your behalf. My/my unit's voting opinions on the proposal of the 2020 annual general meeting of shareholders of Guizhou Chuanheng Chemical Co., Ltd. are as follows:
Note: (1) The instructions of the principal to the trustee shall be subject to the "√" in the box below "agree", "oppose", "abstain", "recuse", and there shall be no two or more instructions for the same matter under consideration, and other symbols shall be regarded as abstention statistics. If the principal does not give explicit instructions for voting on a matter under consideration or has two or more instructions on the same matter under consideration, the trustee may vote on his own. (2) Power of attorney newspaper clippings, copying or self-made in the above format are valid. (3) If the client is a legal person, the official seal of the unit shall be affixed.
Principal Name/Title (Signature or Seal):
Principal's IDENTITY NUMBER/Unified Social Credit Code:
Number of Shares Held by Principal: Principal Shareholder Account:
Trustee's Signature: Trustee's Identity Card Number:
Authorization period: YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY
Annex II:
The specific operation process of participating in online voting
1. Procedures for online voting
1. Voting code and voting abbreviation of common stock: The voting code is: "362895", and the voting abbreviation is: "Chuanheng Voting".
2. Fill in the number of voting opinions or election votes.
For non-cumulative voting proposals, fill in the form of voting opinions: agree, oppose, abstain, recuse.
3. Shareholders voting on the general proposal shall be deemed to have expressed the same opinion on all proposals except the cumulative voting proposal.
In the event of repeated voting by shareholders on the general proposal and the specific proposal, the first valid vote shall prevail. If the shareholders first vote on the specific proposal and then vote on the general proposal, the voting opinions of the specific proposals that have been voted on shall prevail, and the voting opinions of the general proposals shall prevail for other uncontested proposals; if the general proposal is voted on first, and then the voting opinions of the general proposal shall prevail.
2. Procedures for voting through the trading system of the Shenzhen Stock Exchange
1. Voting time: Trading hours on March 2, 2021, that is, 9:15-9:25, 9:30-11:30 and 13:00-15:00.
2. Shareholders can log in to the trading client of the securities company and vote through the trading system.
3. Voting procedures through the Internet voting system of the Shenzhen Stock Exchange
1. The voting time of the Internet voting system will be 9:15-15:00 on March 2, 2021 (the day of the on-site shareholders' meeting).
2. For shareholders to vote online through the Internet voting system, they need to apply for identity authentication in accordance with the provisions of the "Shenzhen Stock Exchange Investor Network Service Identity Authentication Business Guidelines (Revised in 2016)" and obtain the "Shenzhen Stock Exchange Digital Certificate" or "Shenzhen Stock Exchange Investor Service Password". The specific identity authentication process can be accessed in the Internet voting system http://wltp.cninfo.com.cn rules and guidelines.
3. Shareholders log in to the http://wltp.cninfo.com.cn according to the service password or digital certificate obtained and vote through the Internet voting system of the Shenzhen Stock Exchange within the specified time.