Tay Bac Minerals Investment Joint Stock Company announced the resolution of the 2012 annual general meeting dated May 21, 2012:
Article 1: AGM approved business result in 2011 and business plan for 2012:
- Business result in 2011:
+ Total income: 194.07 billion dongs
+ Profit before tax: 27.84 billion dongs
- Business plan for 2012:
+ Total income: 232.8 billion dongs
+ Profit before tax: 33.9 billion dongs
Article 2: AGM approved report of the Board of Supervisors in 2011 and operation plan for 2012.
Article 3: AGM approved report of the Board of Directors in 2011 and operation plan for 2012.
Article 4: AGM approved the financial statements in 2011 was audited by Kreston ACA Viet Nam.
Article 5: AGM approved dividend in 2011 and dividend plan for 2012:
- Payment for the 2010 dividend was transferred to 2013.
- AGM approved not dividend in 2011.
- Profit distribution:
+ Investment & development fund (10%): 2,371,825,282 dongs
+ Reserve financial fund (85%): 20,160,514,899 dongs
+ Bonus & welfare fund (5%): 1,185,912,641 dongs
+ Dividend: 10 – 15%.
Article 6: AGM approved resignation and electing another member to the Board of Directors and electing chairman of the BOD and CEO.
- AGM approved the resignation of Mr. Hoang Kim Thanh, Mr. Dao Ba Tuan from the position of a Member of the Board of Directors.
- Ms. Nguyen Thi Hien, Mr. Vu Manh and Mr. Ngo Van Hien were appointed as Member of the Board of Directors.
- Electing Ms. Nguyen Thi Hien the BOD Chairman concurrently as CEO.
Article 7: AGM approved remuneration of the Board of Directors, the Board of Supervisors in 2011 and payment plan 2012:
- Remuneration of the Board of Directors, the Board of Supervisors in 2011: 156,000,000 dongs.
- Remuneration of the Board of Directors: 120,000,000 dongs.
- Remuneration of the Board of Supervisors: 36,000,000 dongs.
- Remuneration of the Board of Directors, the Board of Supervisors in 2012: 252,000,000 dongs.
- Remuneration of the Board of Directors: 180,000,000 dongs.
- Remuneration of the Board of Supervisors: 72,000,000 dongs.
Article 8: AGM authorized Board of Directors to choose an auditing firm for fiscal year 2012 and reviewed semi-annual financial statements.
Article 9: AGM approved approving a plan to deal with the investment in An Hong Phuong Joint Stock Company.
