QTC: Results of Annual General Meeting of Shareholders 2009

Quang Nam Transportation Construction JSC has disclosed the results of its Annual General Meeting of Shareholders held on 21/04/2009. The following resolutions were approved:

1. Report of the Board of Directors 2004-2008 period

2. Operating result and profit distribution plan 2008

•        Operating result of 2008

- Gross sales of merchandise and services:          VND 56,780,175,633

- Gross profit from sale of merchandise and services: VND 5,358,614,227

- Financial income: VND 1,729,708,182

- Financial expenses: VND 26,780,533

- General and administration expenses: VND 2,710,751,255

- Operating profit: VND 4,350,790,621

- Other income: VND 1,090945,594

- Other expenses: VND 99,563,013

- Profit from other activities: VND991,382,581

- Accounting profit before tax: VND 5,342,173,202

- Net profit after tax: VND 4,650,361,772

- Earning per share: VND 3,875

•        Profit distribution plan 2008

- Dividend payment: 17.9%         VND 2,164,110,000

- Setting up fund:                                   VND 2,486,251,772

+ Financial reserve fund:             VND 1,080,660,751

+ Investment and development fund: VND 601,236,556

+ Reward fund:                          VND 374,354,465

+ Welfare fund:                          VND 200,000,000

+ Bonus fund for management fund: VND 230,000,000

3. Report of the board of Directors 2009

•        Plan in 2009

- Profit after tax over VND 70 billion

- Dividend payout ratio : 17.9%

- Average income: VND2,500,000

•        Investment in vehicles
•        Recruitment 2009
•        Salary 2009
•        Operating plan 2009 – 2013:

4. Report of Supervisory Board 2004- 2008 period

5. Remuneration for the Board of Directors and Supervisory Board 2009

6. New Board of Directors and Supervisory Board 2009-2013 period

•        The Board of Directors:

- Mr. Tran Mong Nhung

- Mr. Nguyen Tuan Anh

- Mr. Tran Be

- Mr. Phan Dinh Ngo

- Mr. Nguyen Cao Cuong

- Mr. Nguyen Van Binh

•        Supervisory board:

- Mr. Le Ngoc Hung

- Ms. Ngo Thi Anh Tuyet

- Mr. Nguyen Luong Be

7. Selecting auditor: Auditing and Accounting Company Ltd.

8. Chair of the Board will also be General Manager

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