Khang An Investment Real Estate Joint Stock Company announced the resolution of the 2012 annual general meeting dated June 22, 2012:
Article 1: AGM approved report on the audited financial statements in 2011 and reports of the Board of Directors, the Supervisory Board in 2011:
-
Net income: 39,251,583,039
dongs
-
Profit before tax: 781,209,970 dongs
-
Profit after tax: 534,666,150
dongs
Article 2: AGM approved business plan for 2012:
-
Net income: 317,000,000,000
dongs
-
Profit before tax: 27,000,000,000
dongs
-
Profit after tax: 20,250,000,000
dongs
-
Dividend/chapter capital: 5%
Article 3: AGM approved the 2011 profit distribution and profit distribution plan for 2012:
-
The 2011 profit distribution: In
2011, profit of the company was 534 million dongs so AGM approved to not pay
for the 2011dividend. All profit in 2011 was added in business fund.
-
Profit distribution plan for 2012:
|
No.
|
|
Ratio
|
|
|
1
|
Expected profit after tax in
2012
|
|
20,250,000
|
|
|
Bonus and
welfare fund
|
5%
|
1,012,500
|
|
|
Financial reserve fund
|
5%
|
1,012,500
|
|
|
Investment & development fund
|
10%
|
2,025,000
|
|
2
|
Dividend of 5%/ par value
|
5%
|
10,000,000
|
|
3
|
Retained earnings was added in business fund
|
|
6,200,000
|
Article 4: AGM approved remuneration of the Board of Directors,
the Board of Supervisors in 2011 and payment plan for 2012:
-
Remuneration of the Board of Directors, the Board of
Supervisors in 2011: Board of Directors, the Board of Supervisors did not receive remuneration.
-
Remuneration of the Board of Directors, the Board of
Supervisors in 2012: 300,000,000 dongs.
Article 5: AGM approved Mr. Nguyen Hoang Minh - the BOD Chairman concurrently as CEO.
Article 6: AGM authorized the Board of Directors to
choose an auditing firm for 2012.
Article 7: AGM approved to cancel plan for increasing charter capital.
Article 8: AGM approved to amend the articles of association.
