DBC: Results of Annual General Meeting of Shareholders 2009

DABACO Vietnam Corporation has disclosed the results of its Annual General Meeting of Shareholders held on 18/04/2009. The following resolutions were approved:

1. Report of Opearting result of 2008

- Product: 174,164 tons

- Revenue: VND 1,492,225 million

- Profit before tax: VND 60,918 million

- Profit after tax: VND 54,154 million

- Dividend payment 2008: 15% (VND 14,169,735,000)

2. Investment in building fish powder processing station at Cat Ba island 

3. Plan in 2009

•        Operating plan:

- Product: 255,600 tons

- Revenue: VND 2,189,672 million

- Profit before tax: VND 87,898 million

- Profit after tax: VND 78,346 million

- Dividend payment 2008: 15%

•        Investment plan of 2008-2014 period
•        Result of seasoned issue to increase Charter capital 2008

4. Report of Supervisory Board

5. Audited financial statement 2008

•        Profit distribution plan 2008:

- Profit after tax: VND 54,154,008,924:

+ Dividend payment 15%: VND 14,169,735,000

+ Retained earning: VND 1,000,000,000

+ Business development fund: VND 23,390,564,354

+ Financial reserve fund: VND 3,898,427,392

+ Reward and welfare fund: VND 5,415,400,892

+ Retained profit transfered to development fund: VND 6,279,881,285

6. Selecting auditor for 2009: Vietnam Auditing and Evaluation Company

7. Remuneration for the Board of Directors, Supervisory board

- For the Board of Directors: average not over VND 96 million/ person/ year

- For Supervisory Board: average not over VND 15 million/ person/ year

8. Supplement Business

9. Change in profile of the legal representative:

- Old profile :

+ Date of birth: 28/3/1957

+ issue Date of Identification Card : 29/3/2006

- New profile:

+ Date of birth: 23/8/1957

+ Issue Date of Identification Card: 26/8/2008

10. Chair of the Board will also hold General Manager

11. Private placement with strategic investors 2009

12.  Private placement with outstanding shareholders of Hiep Quang Company to hold 100% charter Capital of Hiep Quang Company

- Method issue: private placement

- Stock stype: Common stock

- Par value: VND 10,000

- Total volume of share to be offer: maximum is 1,116,667 shares

- Subject: shareholders of Hiep Quang Company to exchange with Hiep Quang shares with the rate 1:1.5

13. Listing additional shares on HASTC

14. Assign the Board of Directors to implement plan

15. Assign the Board of Directors to adjust dividend payment 2009

hastc

>   L62: Notice of transaction of Directors, PDMR (25/04/2009)

>   L18: Notice of transaction of Directors, PDMR (25/04/2009)

>   BLF: Notice of record date for Annual General Meeting of Shareholders (25/04/2009)

>   BBS: Results of Annual General Meeting of Shareholders 2009 (25/04/2009)

>   L18: Results of Annual General Meeting of Shareholders 2009 (25/04/2009)

>   DHI: Results of Annual General Meeting of Shareholders 2009 (25/04/2009)

>   DAC: Results of Annual General Meeting of Shareholders 2009 (25/04/2009)

>   ILC: Results of Annual General Meeting of Shareholders 2009 (25/04/2009)

>   HSC: Results of Annual General Meeting of Shareholders 2009 (25/04/2009)

>   MeKong Securities Corporation: Increase in charter capital (25/04/2009)