Tien Giang Investment and Construction Joint Stock Company has announced the resolution of Annual General Meeting 2012 as follows:
Article 1: Approving the profit and loss in fiscal year 2011 and the plan 2012.
- Profit and loss in 2011:
+ Net revenue: VND 435,907 billion, 124.54% of the plan (VND 350 billion)
+ Profit after tax: VND 20.36 billion, 58.17% of the plan (VND 35 billion)
- Business plan for 2012:
+ Net revenue: VND500,152 billion
+ Profit after tax: VND 35,382 billion
- Estimated profit distribution:
+ Financial reserve fund: 5% profit after tax
+ Investment & development fund: 40% profit after tax
+ Bonus & welfare fund: 15% profit after tax
+ Minimum dividend: 15% charter capital
Article 2: Approving the profit distribution and the payment dividend in 2011:
By: VND
|
Item
|
Amount
|
|
Profit after tax in 2011
|
20,359,600,239
|
|
Profit distribution in 2011
|
18,943,173,000
|
|
Undistributed profit in 2010
|
8,410,224,331
|
|
Total profit distribution
|
27,353,397,331
|
|
Distributed in 2011
|
23,841,475,950
|
|
In which
|
|
|
Financial reserve fund (5% profit after tax)
|
947,158,650
|
|
Investment & development fund
|
5,000,000,000
|
|
Bonus & welfare fund (10% profit after tax)
|
1,894,317,300
|
|
Dividend in 2011 (20% charter capital)
|
16,000,000,000
|
|
The remaining profit distributed
|
3,511,921,381
|
Article 3: Approving the remuneration of the BOD and the Supervisory Board in 2011 and 2012:
1. Year 2011:
- Remuneration of the BOD:
+ List of member: 07 members
+ Rate deduct remuneration: 2% consolidated profit after tax
+ Total remuneration: VND 407,192,000
- Remuneration of the BOS:
+ List of member: 03 members
+ Head of the BOS: VND 2,000,000/person/month,
+ Member: VND 1,500,000/person/month
2. Year 2012
- The BOD: 2% consolidated profit after tax
- The BOS:
+ Head of the BOS: VND 2,000,000/person/month
+ Member: VND 1,500,000/person/month
Article 4: Approving the plan of offer shares to increase charter capital and issue bonus to existing shareholders:
- Offering shares to strategic partners to increase charter capital:
+ Purpose: Additional capital in cash
+ Offering method: private placement
+ Offering volume: from 2,000,000 shares to 5,000,000 shares
+ Objects: the strategic partners
+ Offering price: no lower than VND10,000/share
- Authorizing the BOD to implement this resolution.
- Issuing bonus shares to existing shareholders: After offer shares to the strategic partners complete, the company will be issued bonus shares to the existing shareholders by 4 million shares.
Article 5: Approving the choosing an auditing firm for fiscal year 2012.
Article 6: Approving the appointment as CEO in term 2012-2016.
Article 7: Approving the appointment member of the BOD, the BOS in term 2012-2016:
- Members of the BOD in term 2012-2016:
+ Mr. Pham Van Nghiep
+ Mr. Tran Hoang Huan
+ Mr. Doan Thanh Dat
+ Mr. Nguyen Quoc Tin
+ Mr. Le Phu Cu
- Members of the BOS in term 2012-2016:
+ Mr. Vu Duy Hung
+ Mr. Nguyen Ha Truong Hai
+ Mr. Phan Trong Liem
Article 8: Approving the releasing the stock transfer restriction.
Article 9: The regulation is valid as from April 27, 2012.
