HNG: Resolution of Annual General Meeting 2019

Hoang Anh Gia Lai Agricultural Joint Stock Company announces the resolution of Annual General Meeting 2019 dated June 23, 2019 as follows:

Article 1: Approving the report on business performance in 2018:

–       Net revenue: 3,688 billion dongs

–       Profit after tax: 656 billion dongs

Article 2: Approving the business plan for 2019:

–       Net revenue: 4,775 billion dongs

–       Gross profit: 2,141 billion dongs

–       Profit before tax: 103 billion dongs

Article 3: Approving the report of the Board of Directors.

Article 4: Approving the 2018 financial statements audited by Ernst & Young Vietnam Co., Ltd.

Article 5: Approving to authorize the Board of Directors to choose an audit company for HNG in 2019.

Article 6: Approving transactions with related parties regarding capital transfer and loans.

Article 7: Approving the change of use of proceeds from the convertible bond issuance.

Article 8: Approving the profit distribution plan for 2019.

–       Expected profit before tax in 2019: 103 billion dongs

–       Distribution plan:

• Investment development fund: 5% profit after tax
• Welfare fund: 3% profit after tax
• Dividend payment: none

Article 9: Approving to authorize the Board of Directors to amend the Company’s Charter.

Article 10: Approving the report of the Board of Supervisors.

Article 11: Approving the resignation of Mr. Nguyen Hung Minh from the Board of Directors.

Article 12: Approving to elect Mr. Do Xuan Dien to the Board of Directors.