Vung Tau Real Estate and Construction Joint Stock Company announced the resolution of the 2012 Annual General Meeting on April 28, 2012:
Article 1: Approved the profit and loss in 2011 and business plan for 2012 by the BOD:
- Profit and loss in 2011:
+ Total value production: VND392 billion
+ Revenue: VND 173.5 billion
+ Profit before tax: VND 25.3 billion
+ Profit after tax: VND 18.5 billion
+ Dividend rate: 20%
- Business plan for 2012:
+ Total value of production: VND 235 billion
+ Total revenue: VND 139.5 billion
+ Profit before tax: VND 21.7 billion
+ Profit after tax: VND 16.3 billion
+ Dividend rate: 10%
Article 2: Approved the reports of the Board of Directors in 2011 and the plan 2012.
Article 3: Approved the consolidated financial statements in 2011 audited.
Article 4: Approved the reports of the Board of Supervisors in 2011 and the plan 2012
Article 5: Approved the profit distribution in 2011:
Unit: VND
|
Item
|
Year 2011
|
|
Retained earnings of previous years
|
18,509,428,730
|
|
Profit after tax in 2011
|
18,597,187,906
|
|
Accumulative profit until December 31, 2011
|
37,106,616,636
|
|
Investment & development fund
|
-
|
|
Additional charter capital fund (0.5%)
|
92,985,940
|
|
Financial reserve fund (1% profit after tax)
|
185,971,879
|
|
Bonus fund (4% profit after tax)
|
743,887,516
|
|
Welfare fund (2% profit after tax)
|
371,943,758
|
|
Dividend
|
29,009,524,000
|
|
The first dividend payment (10% in cash)
|
14,504,762,000
|
|
The second dividend payment (10% in cash)
|
14,504,762,000
|
|
The remaining profit distributed
|
6,702,303,543
|
Notes:
- The first dividend payment of 2011: paid dividend in September 2011
- The second dividend payment of 2011: to submit the General Meeting for approval.
Article 6: Approved the choosing an auditing firm in 2012.
Article 7: Approved the remuneration of the BOD and the Board of Supervisors in 2011 and the plan 2012
- Remuneration of the BOD and the Board of Supervisors in the fiscal year 2011
- Remuneration of the BOD: VND 539 million
- Remuneration of the Board of Supervisors: VND 91 million
- Plan for remuneration of the BOD and the Board of Supervisors in 2012
- Remuneration of the BOD: VND 600 million
- Remuneration of the Board of Supervisors: VND 100 million
- If profit after tax exceeding the plan, the Board Management will be bonus according the business results but fewer than VND 500 million.
Article 8: Amending the company’s regulation
Article 9: Approved the resignation of member of the BOD and the BOS and appointment new member of the BOD and BOS:
- The resignation of member of the BOD and the BOS as from April 28, 2012:
+ Mr. Dinh Manh Hong – member of the BOD
+ Mr. Nguyen Van Lam – member of the BOD
+ Ms. Dinh Thi Hien – member of the BOD
+ Mr. Le Van Toan - member of the BOS
+ Ms. Lai Thu Hue – member
- Approved the appointment of 03 members of the BOD and 02 members of the BOS.
Article 10: Approved the appointment member of the BOD and the BOS in term 2010-2014 as follows:
- Members of the BOD:
+ Mr. Nguyen Hoang Long
+ Mr. Hoang Dinh Loi
+ Mr. Nguyen Thanh Hai
+ Members of the BOS:
+ Mr. Vu Van Ha
+ Mr. Hoang Manh Huy
Article 11: Authorized the BOD to implement this resolution.
Article 12: This resolution took effect from date signing.
