Do subsidiaries need to make a profit distribution announcement?

The financial and accounting reports of a joint stock limited company shall be kept in the company 20 days before the annual meeting of the shareholders' general meeting for shareholders' reference. The profits paid by subsidiaries need not be announced, but the company shall prepare financial and accounting reports at the end of each fiscal year and audit them by accounting firms according to law.

legal ground

Article 165 of the Company Law of People's Republic of China (PRC) * * * A limited liability company shall send financial and accounting reports to all shareholders within the time limit stipulated in the articles of association. The financial and accounting reports of a joint stock limited company shall be kept in the company 20 days before the annual meeting of the shareholders' meeting for shareholders' reference; A joint stock limited company that publicly issues shares must announce its financial and accounting reports.