BHV: Results of AGM of Shareholders 2011

Viglacera BaHien Joint Stock Company (HNX: BHV) has disclosed the results of its Annual General Meeting (AGM) of Shareholders held on 28/03/2011. The following resolutions were approved:

1. Operating results of 2010 (Audited by Viet Nam auditing and accouting consultant Lmt - AVA):

- Profit before tax: VND3,347 million

- Revenue: VND62,438 million

- Average income: VND3,0 million/person/month

- Fixed assets depreciation: VND3,334 million

2. Profit distribution 2010

3. Remuneration for the BOD and Supervisory Board 2010:

Total: VND110,8 million (including: remuneration for the BOD: VND73 million and remuneration for Supervisory Board: VND37,8 million)

4. Main criterias in year 2011:

- Profit before tax: VND7,6 billion

- Revenue: VND95 billion

- Average income: VND4,0 million/person/month

- Fixed assets depreciation: VND4,365 million

- Investment plan 2011:

5. Dividend payment plan 2010:

Expected dividend payment in cash is 15% of the charter capital and the BOD is authorized to do procedure

6. Other issues:

6.1 The BOD is authorized to select auditing company 2011

6.2. Allowance for the BOD and Supervisory 2011: Total amount: VND110,8 million (for BOD: VND7,3 million; for Supervisory: VND37,8 million)

6.3. Capital constribution into clinker Viglacera Joint Stock Company at Dong Trieu, Quang Ninh by 2% of clinker Viglacera Joint Stock Company’s charter capital

6.4. Capital constribution into Viglacera Can Loc at Can Loc, Ha Tinh by 10% of Viglacera Can Loc’s charter capital

6.5. The BOD is authorized to sell 28,000 treasury stocks. Price and exercise time will be decided by the BOD

7. Change in BOD and Supervisory Board:

7.1. Members of BOD:

- Mr. Nguyen Ba Uan: Chair of the Board

- Mr. Le Van Ke: Manager-cum-Director

- Mr. Hoang Kim Bong: Director

- Ms. Do Thi Xuan Hoa: Chief Accountant-cum-Director

- Mr. Kieu Quang Vinh: Deputy Manager-cum-Director

7.2. Members of Supervisory Board:

- Ms. Tran Thi Minh Loan: Chair of the Supervisory Board

- Mr. Do Van Quang: Member of the Supervisory Board

- Ms. Nguyen Thi Thuy Duong: Member of the Supervisory Board-cum-Accountant of the Board.

hnx

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