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SDA: Results of Annual General Meeting of Shareholders 2009
SIMCO Song Da JSC has disclosed the results of its Annual General Meeting of Shareholders. The following resolutions were approved:
1. Report of Operating result of 2008
- Operating result: VND 302.6 bil.
- Revenue: VND 91.7 bil.
- Profit before tax: VND 41.4 bil.
- Payables to the State: VND 26.5 bil.
- Average income: VND 6.6 mil./person/month
- Investment value: VND 132.06 bil.
2. Plan in 2009
- Operating result: VND 255.8 bil.
- Revenue: VND 128.95 bil.
- Profit before tax: VND 30.96 bil.
- Payables to the State: VND 12.1 bil.
- Average income: VND 6.5 mil./person/month
- Dividend payout ratio: 17%
- Investment value: VND 142.8 bil. (including construction, financial, equipment investment)
3. Report of Supervisory Board’s activities
4. Audited financial statement 2008 and profit distribution plan:
- Profit after tax: VND 29,989,551,420
- Exempted tax used to supplement the Investment and Development Fund: VND 5,633,874,764
- Financial reserve fund: VND 1,499,477,597
- Investment and Development Fund: VND 8,996,865,583
- Reward and welfare fund: VND 2,099,268,636
- Retained earning: VND 1,044,155,126
- Dividend payment 2008: VND 16,099,785,000
+ First round: before the increase in charter capital to VND 91 bil., the company paid dividend in cash worth VND 6,999,964,000
+ Second round: 10% in cash worth VND 9,099,821,000
- Bonus for Management board: VND 250,000,000
- Remuneration for Management Board and Supervisory Board: VND 708,710,000
5. Payment for Board of Directors and Supervisory Board 2009:
- If the company achieves the operation result ≥ 100% of the plan, remuneration are as follows:
+ For Chair of the Board: VND 30 mil./month
+ For Directors and Chief of Supervisory Board: VND 5 mil./person/month
+ For Member of Supervisory Board: VND 3 mil./person/month
- If the company achieves the operation result 100% of the plan, remuneration are rational with the plan achievement.
- Bonus for exceeding the plan: The Board of Directors will decide providing that it is not excessive 40% of the excessive profit after tax and not excessive VND 500 mil.
6. Auditing company in 2009
- Select one of 4 following auditing companies
+ A&C
+ AASC
+ VAE
+ IFC
7. Cancelling the issue plan of 1,400,000 shares to outstanding shareholders in the plan to increase charter capital approved by AGM 2008
8. Adjustment of Chater of company
9. Change in the Board of Directors:
- Mr. Pham Duc Chinh will hold Director
- Mr. Pham Khac Tap will hold Director
hnx
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