SD7: Results of Annual General Meeting of Shareholders 2009

Song Da 7 JSC has disclosed the results of its Annual General Meeting of Shareholders held on 10/4/2009. The following resolutions were approved:

1. Report of Opearting result of 2008

2. Plan in 2009

3. Investment plan

- Equipment: VND 60.98 bil.

- Long term financial investment: VND 58.4 bil.

- Infrustructure and urban areas: VND 71.898 bil.

- Investment in affiliated companies: VND 25.4 bil.

4. Report of Supervisory Board’s activities

5. Audited financial statement and profit distribution plan:

- Long term asset: VND 228,370,436,649

- Short term asset: VND 346,547,885,413

- Profit before tax: VND 28,060,308,538

- Reduced tax used to supplement the Investment and Development Fund: VND 2,692,473,554

- Profit for distribution: VND 25,386,046,952

- Dividend payment 2008 (16%): 14,400,000,000

- Financial reserve fund: VND 1,269,302,348

- Reward and welfare fund: VND 3,300,186,104

- Investment and Development Fund: VND 5,916,558,501

- Remuneration for Management Board and Supervisory Board 2008

+ Board of Directors: VND 561,600,000

+ Supervisoru Board: VND 134,400,000

+ Secretary: VND 30,000,000

6. Remuneration for Management Board and Supervisory Board 2009

+ Chairman (full responsibility): VND 30,000,000/month

+ Director: VND 561,600,000

+ Supervisoru Board: VND 134,400,000

+ Secretary: VND 30,000,

7. Auditing Company in 2009

- Vietnam Auditing and Consulting Ltd.,Co.

8. Amendmend of the charter:

- Article 5, Item 3,4,5:

(3) The company have to use minimum 70% total resource to invest in main business line. Total capital investment outside the company will not exceed the owner’s equity.

(4) For investment in bank, insurance, securities, the company is entitled to invest one company for each field with the value not being excess 20% of the charter capital of company received capital contributions providing that capital contributions of holding company and subsidiary companies is not excess 30% of company received capital contributions.

(5) The company will not contribute capital to risk investment funds, securities investment fund or securities investment company.

- Article 26:

Board of Directors has the right to raise capital for operation providing that debt/owner’s equity of the company will not be excess 3 times. In case of beyond this stipulation, General Meeting of Shareholders will decide.

9. Solutions:

- Assigning the Board of Directors plan in detail moving head office to Hanoi.

- Speed up hydro power projects, projects in Hanoi, especially building house for National Congress Staff.

- Purchasing more shares of Nam Thi Hydro Power JSC to be the owner of 2 projects Nam Thi 1 and Nam Thi 2

- Implementing Dong Quang in QIV/2009

- Withdrawing paid capital in PV Inconess, Thach Khe Iron JSC, Hai Ha Economic Zone Development JSC, Viet Lao Mine Salt Shemical JSC, stopping paying capital to Bac Giang Hydro Power.

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