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TH1: Results of annual general meeting of shareholders 2011
The Vietnam National General Export - Import Joint Stock Company No.1 (HNX: TH1) has disclosed the results of its annual general meeting of shareholders held on 30/03/2011.The following resolutions were approved:
1. Approving Operating Results of 2010 and Profit Distribution:
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Items
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Unit
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Realized in 2010
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Revenue
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VND billion
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1,252.59
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Profit before tax
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VND billion
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67.72
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Profit after tax
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VND billion
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56.32
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Earnings per share
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VND
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6,161
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Dividend payment
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20
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2. Approving Operating Plan and Dividend payment plan in 2011:
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Items
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Unit
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Plan 2011
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Revenue
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VND billion
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1,291.11
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Profit before tax
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VND billion
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69.00
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Profit after tax
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VND billion
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52.00
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Earnings per share
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VND
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4,124
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Dividend payment
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15% - 20%
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3. Approving Operating Plan for five years 2011-2015:
- Average Increase of charter capital: 15% - 20% per year
- Average Increase of Total revenue: 10% per year
- Profit after tax equal to or higher than VND 50 bil. per year
- Dividend payout ratio: 15% - 20% per year.
4. Approving Dividend payment and Setting up Funds in 2010:
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Items
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Unit
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Realized in 2010
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Earnings used for setting up funds
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VND
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56,321,791,873
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- Reserve fund for charter capital supplement
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VND
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2,816,089,593
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- Financial Reserve Fund
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VND
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5,632,179,187
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- Investment and Development fund
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VND
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20,866,135,907
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- Bonus and Welfare Fund
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VND
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2,816,089,593
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- Remuneration for Management Board and Employees
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VND
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2,816,089,593
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- Dividend (20%) with 10% old charter capital paid in cash in 1st round
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VND
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21,375,208,000
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5. Approving Amendment in Company’s charter.
6. Approving Reports of Supervisory Board, The Board of Directors and plan in 2011 and in five years 2011-2015.
7. Approving Remuneration for the BOD and Supervisory; Bonus fund for Management and Employees in 2011:
Remuneration for the BOD:
- For Chair of the Board: VND 6,000,000/month
- For Directors: VND 5,000,000/month/person.
Remuneration for Supervisory Board:
- For Chief of Supervisory Board: VND 4,000,000/month
- For member of Supervisory Board: VND 3,000,000/month/ person
Bonus Fund for Management and Employees: 5% of profit after tax.
8. The BOD is authorized to select auditor for Financial Statement 2011 from the following list:
- Auditing and Accounting Financial Consultancy Services Company Limited – AASC
- Auditing and Consulting Company Ltd. – A&C
- Vietnam Auditing and Evaluation Company
- Deloitte Vietnam Auditing Company Ltd.
- KPMG Vietnam Company Limited
- Ernst & Young Vietnam Company Limited
9. Chair of the Board also holds General Manager position in 2011
10. Members of BOD 2nd term (2011-2015):
- Mr. Hoang Tuan Khai
- Mr. Nguyen Anh Tuan
- Ms. Phan Thu Anh
- Mr. Pham Minh Son
- Mr. Nhu Dinh Hoa
11. Members of Supervisory Board 2nd term (2011-2015):
- Mr. Le Cong Thuan
- Mr. Le Thai Ha
- Ms. Trinh Thanh Ha.
hnx
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