HMH: Results of Annual General Meeting of Shareholders 2011

Hai Minh Corporation (HNX: HMH) has disclosed the results of its General Meeting of Shareholders. The following resolutions were approved:

1. Activity report of Board of Directors

2. Operation result 2010 and operation plan 2011

- Plan of revenue and profit 2011

3. Report of Supervisory Board 2010

4. Profit distribution 2010 and plan of dividend payment 2011

- Profit distribution 2010:

+ Dividend payment: 25% in cash

+ Finance Reserve Fund: 3% of profit after tax

+ Bonus and welfare fund: 3% of profit after tax

+ Activities Fund of BOD: 3% of profit after tax

- Plan of dividend payment 2011:

+ Epected Dividend payout rate 2011: 15% - 20% in cash

5. Plan of issuing bonus shares from capital surplus

- Contributed charter capital: VND 56,163,800,000

- Capital surplus by issuing shares: VND 19,339,670,000

- Securities type: Common stock

- Par value: VND 10,000 per share

- Form of shares: Book entry

- Resources for issue: Capital surplus from issuing shares

- Object: Shaheholders have the name on the list at record date. BOD will announce record date after completing registration procedures with SSC

- Shareholders will be distributed 1 bonus share for every 3 shares they own.

- Issuing date: BOD is authorized to decide time for issue

- Issue plan of 850,000 shares for strategic shareholders:

+ Issue price: VND 15,000 per share

+ Exercise rate: 5:2

+ BOD is authorized to choose appropriate time for investment plan of the company.

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