通威股份有限公司2024年年度报告（英文版）

2024 Annual Report of Tongwei Co., Ltd.1 / 269Stock Code:600438Short Name: Tongwei Co., LtdTongwei Co., Ltd.2024 Annual Report2024 Annual Report of Tongwei Co., Ltd.2 / 269Important NoticeI.The board of directors, supervisory committee as well as directors, supervisors and senior managersof the Company are responsible for the authenticity, accuracy and completeness of the informationcontained in this Annual Report without false records, misleading statements or material omissions, andassume joint and several liability therefor.II.All directors of the Company have been present in the board meeting.III.Sichuan Huaxin (Group) CPA (Special General Partnership) has expressed a standard unqualifiedopinion on the financial statements of the Company.IV.Liu Shuqi, Head of the Company, Zhou Bin, Head of accounting affairs and Gan Lu, Head ofaccounting department represent that they are responsible for the authenticity, accuracy and completenessof the financial statements in this Annual Report.V.The proposal on profit distribution or the proposal on conversion of capital reserve to share capitalfor current period resolved in the board meetingAfter comprehensive evaluation of industry trends, corporate developmental phase, and actual operational performance,Tongwei’s Board has determined to retain 2024 earnings to safeguard long-term shareholder value and ensure sustainabledevelopment capital requirements. The current profit allocation proposal, involving neither cash dividends, capital reserveconversions, nor bonus share distributions, fully complies with regulatory requirements including the No. 3 Guideline for theSupervision of Listed Companies – Cash Dividends of Listed Companies and the Tongwei’s Articles of Association.In accordance with pertinent regulations, specifically the Rules for Repurchase of Shares by Listed Companies, when cashdividend distributions by listed companies include share repurchases conducted via offers or centralized competitive bidding, theserepurchases, executed with cash as the consideration, are treated as cash dividends in relevant proportion calculations. In 2024, theCompany successfully repurchased 101,360,012 shares through centralized competitive trading, amounting to a total of2,001,014,959.13 yuan, exclusive of transaction fees such as stamp duty and trading commissions.It is crucial to note that this profit distribution proposal has not been submitted to the general meeting of shareholders.VI.Cautionary note on forward-looking statement√Applicable □Not ApplicableThe forward-looking statements of the Company regarding its future development strategies and business plans do not constitute anysubstantial commitment of the Company to investors; and investors should pay attention to risksVII.Any funds possessed by the controlling shareholder and other related parties for non-operatingpurposes?NoVIII. Any outward guarantee by the Company in violation of the prescribed decision-making procedures?NoIX.More than half of the di