VHC: Resolution of Annual General Meeting 2019

Vinh Hoan Corporation announces the resolution of Annual General Meeting 2019, which was convened on April 26, 2019, as follows:

Article 1: Approving the report of the Directorate on business performance in 2018.

Business performance in 2018:

–       Consolidated net revenue: 9,271 billion dongs

–       Profit after tax: 1,442 billion dongs

Article 2: Approving the report of the Board of Directors on business plan for 2019.

Business plan for 2019:

–       Consolidated net revenue: 10,047 billion dongs

–       Profit after tax: 1,255 billion dongs

–       Total investment: 800 billion dongs

Article 3: Approving the audited financial statements in 2018.

Article 4: Approving the report of the Board of Supervisors.

Article 5: Approving the resignation and additional election of members of the Board of Supervisors for the term of 2017 – 2021.

Article 6: Approving the profit distribution plan for 2018.

–       Dividend rate for 2018: 40% (4,000 dongs for a share)

• Paid 20% on December 20, 2018. Total payment amount: 184,726,166,000 dongs.
• The remaining 20% will be paid in 2019.

Article 7: Approving the profit distribution plan for 2019.

–       Approving to pay the 2019 dividend in stock;

–       Exercise ratio: 1:1 (those who own 01 share will receive 01 new share)

–       Payment date: in 2019 

Article 8: Approving the remuneration of the Board of Directors and the Board of Supervisors in 2019.

Article 9: Approving to authorize the Board of Directors to choose an independent audit firm for auditing the listed company’s financial statements in 2019.

Article 10: Approving to elect Ms. Phan Thi Kim Hoa as member of the Board of Supervisors for the term of 2017 – 2021. 

Article 11: This resolution shall take effect from April 26, 2019.