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RAL: Resolution of Annual Shareholders’ Meeting
Rangdong Light Source and Vacuum Flask Joint Stock Company (RALACO) held the annual shareholders’ meeting on April 26th, 2008. The following issues were unanimously adopted at the meeting:
Article 1: Financial statements in the fiscal year 2007 and selecting an auditing company in 2008:
RALACO’s audited financial statements in 2007, audited by AASC and approved by the Board of Directors, were also adopted at the meeting.
The Board of Directors was authorized to choose an auditing company from the following firms: AASC, Eam & Young, PWC (Price Waterhouse Coopers), KPMG, Grand Thornton.
Article 2: Profit distribution plan of the year 2007.
Article 3: Compensation for members of the Board of Supervisors and the Board of Supervisors in 2007:
For the Board of Directors: VND162,000,000
Chairperson % Vice Chairperson: VND3,000,000/person/month;
Members: VND2,500,000/person/month.
For the Board of Supervisors: VND75,600,000; in which:
Head: VND1,800,000person/month;
Members: VND1,500,000/ person/month.
Article 4: Business plan for 2008.
Article 5: Dividend payment for 2008:
The dividend ratio for the year 2008 will be 20%/charter capital and in cash. There will be two dividend payment stages:
Stage 1: 8%; on the occasion of Vietnam National Day – Sep 2, 2008.
Stage 2: 12%; on the occasion of RALACO’s holidays – Apr 28, Apr 30 & May 1, 2008.
Article 6: The compensation for members of the Board of Directors and the Board of Supervisors in 2008 is equal to the compensation in 2007.
Article 7: The Board of Directors and managing board were authorized to issue regulations on personnel management.
HoSE
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