Khang Dien House Trading and Investment Joint Stock Company (KHADIHOUSE JSC) announced the resolution of the 2012 Annual General Meeting as follows:
Article 1: The Meeting approved the operating report of 2011 of the Board of Directors.
Article 2: The Meeting approved the operating report of 2011 of the Board of Supervisors
Article 3: The Meeting approved the financial statements audited by Ernst & Yong Vietnam in 2011.
Article 4: The Meeting approved the adjustment of profit distribution 2010:
- Fund distribution
- Bonus & welfare fund: 2%: VND 3,494 billion
- Financial reserve fund 5%: VND 8,735 billion
- Investment & development fund: VND 17.47 billion
- Dividend:
- Dividend payment for year 2010: 10%/par value
- Trading method: to increase charter capital to pay dividend in stock.
- Increase charter capital from VND 439,000,000,000 to VND 482,900,000,000 approval issuing shares to pay dividend to the existing shareholders:
- Stock type: Common stock
- Par value: VND10,000
- Issue volume: 4,390,000 shares
- Issue value on basic par value: VND 43,900,000,000
- Issue price: VND 10,000/ share
- Exercise ratio: 10:1 (A shareholder owning 01 share will receive 01 right, 10 rights will be entitled to buy 01 new share)
- Issue price: VND10,000/share
- The number of shares offered to existing shareholders will be rounded to units. The fractional parts (if any) will be decided by the Board of Directors.
- The new shares are transferable.
- Issue time: authorized the BOD to choose the suitable time
- Listing shares: authorized the BOD to list shares on the HOSE
Article 5: The Meeting approved the 2011 profit distribution as follows:
- Total profit after tax of the parent company’s shareholders: VND 10,310,442,000
- Fund distribution:
- Bonus & welfare fund: 0% profit after tax
- Financial reserve fund: 5% profit after tax (VND 515,000,000)
- Investment & development fund: 10% profit after tax (VND 1,031,000,000)
- Dividend payment for year 2011: the company don’t make dividend, the remaining profit will be used for the Company’s re-investment.
Article 6: The Meeting approved allowances of the Board of Directors and the Board of Supervisors in 2011 and 2012:
- In 2011, total allowance of the Board of Directors and the Board of Supervisors was VND900 million, including: allowance of the Board of Directors: VND660 million, and allowance of the Board of Supervisors: VND240 million.
- In 2011, total allowance of the Board of Directors and the Board of Supervisors as follows:
- The Board of Directors:
- BOD Chairman: VND 15,000,000/month
- Member of the Board of Directors: VND 10,000,000/month
- The Board of Supervisors:
- Head of the Board of Supervisors: VND 10,000,000/month
- Member: VND 5,000,000/ month
Article 7: The Meeting approved profit targets for 2011 as follows
Unit: billion dongs
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Reality in 2011
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Plan for 2012
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Compared to 2011
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|
Charter capital
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439.00
|
482.90
|
10.0%
|
|
Net revenue
|
227.01
|
596.88
|
162.83%
|
|
Profit after tax
|
10.31
|
80.50
|
680.80%
|
|
Dividend (% charter capital)
|
-
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10%
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-
|
Article 8: The Meeting approved to choose one of four companies as the auditing company for financial statements of KDH in 2012:
- Ernst & Young Viet Nam Co, Ltd
- PricewaterhouseCoopers Viet Nam Co,. Ltd
- KPMG Co, Ltd
- Deloitte Viet Nam Co,. Ltd
Article 9: The Meeting approved to elect member of the Board of Directors in the term 2012-2017:
- Mr. Nguyen Dinh Bao
- Mr. David Robert Henry
- Ms. Nguyen Thi Dieu Phuong
- Mr. Le Hoang Son
- Mr. Ly Dien Son
- Mr. Ho An T
- Ms. Mai Tran Thanh Trang
Article 10: The Meeting approved to elect member of the Board of Supervisors in the term 2012-2017:
- Ms. Le Thi Thu Huyen
- Ms. Vuong Hoang Thao Linh
- Mr. Tran Duc Thang
Article 11: This resolution takes effect from April 20, 2012.
