TPP: Results of Annual General Meeting of Shareholders 2011

Tan Phu Plastic JSC (HNX: TPP) has disclosed the results of its Annual General Meeting of Shareholders held on 23/04/2011. Participants were 65 representing 3,202,008 shares (Accounting for 80.14% of total voting rights).The following resolutions were approved:

1. Operating Results of 2010 and Operating Plan in 2011.

Operating Plan in 2011:

- Revenue: ≥ VND 405,000,000,000

- Profit before tax: ≥ 20% of charter capital

- Dividend payment: ≥ 10%

2. Reports of the BOD and Supervisory Board.

3. Audited Financial Statement 2010.

4. Profit Distribution and Dividend payment 2010:

5. Increasing charter capital:

5.1. Cancel the seasoned issue for strategic partners following General Mandate approved on 12/04/2010.

5.2. The plan of issue shares for outstanding shareholders

* Plan of bonus share issue:

- Stock type: Common stock

- Par value: VND 10,000 per share

- Subject of the issue: Outstanding shareholders

- Exercise rate: 100:4. Shareholders are entitled to buy 4 new shares for every 100 shares they own. The number of shares shareholder can buy is rounded down to units digit. The odd lot shares will be cancelled.

- Number of shares to be offered: 160,000 shares

- Resource: Retained earnings and other resources.

- Shareholders must not transfer bonus share receiving right.

- Exercise time: Decided by the BOD

* Plan of seasoned issue for outstanding shareholders:

- Stock type: Common stock

- Par value: VND10,000 per share

- Number of shares to be offered: 240,000 shares

- Subject of the issue: Outstanding shareholders

- Issue method: Exerting share purchase right

- Exercise rate: 100:6. Shareholders are entitled to buy 6 new shares for every 100 shares they own. The number of shares shareholder can buy is rounded down to units digit. The odd lot shares and unsold shares will be sold by the BOD.

- Exercise price and exercise time: Decided by the BOD

* Plan of seasoned issue for strategic partners:

- Use of proceed: Supplement for working capital

- Subject of the issue: Strategic partners

- Number of shares to be offered: 400,000 shares

- Issue method: Seasoned issue for strategic partners: Investors register number of shares that they will buy. The BOD of company will decide number of shares distributing for every investors.

- Exercise price and exercise time: Decided by the BOD

5.3. The plan of issue shares for employees:

- Use of proceed: Supplement for working capital

- Number of shares to be offered: 200,000 shares

- Stock type: Common stock, Stock under no transfer restriction

- Par value: VND10,000 per share

- Subject of the issue: Employees

- Exercise price: VND10,000/share

5.4. Approving the listing of new shares issued on The Hanoi Stock Exchange.

5.5. Amendment in company’s charter capital.

6. Amendment in company’s charter.

7. The BOD is authorized to select the auditor for Financial Statement 2011 from following list:

- BDO Vietnam company limited.

- DFK Vietnam Auditing Company

- Auditing and Consulting Company Ltd.

- AS Auditing Company Limited

8. Establishing representative office at Hanoi.

The Board of Director is responsible for carrying out these tasks.

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