SMC: Resolution of Annual General Meeting 2013

SMC Investment - Trading Joint Stock Company announced the resolution of Annual General Meeting 2013 as follows:

Article 1: The Meeting approved the report business results in 2012

	Implement in 2012	Plan for 2012	% of plan
Production of steel (ton)	601,669	600,000	100.3%
Production of cement (ton)	84,414	200,000	42.2%
Total revenue	8,975	9,800	91.6%
Profit after tax	68.6	80.0	85.7%
EPS	2,324	2,710	85.7%

Article 2: The Meeting approved the report of the Board of Supervisors.

Article 3: The Meeting approved financial statements, profit distribution and allowances of the Board of Directors and the Board of Supervisors in 2012.

Article 4: The Meeting approved business targets and investment plans in 2013 of the Board of Directors:

-         Production of steel: 650,000 tons (8%)

-         Production of cement and clinker (ton): 120,000 tons (5%)

-         Total revenue: VND 9,800 billion (42%)

-         Profit before tax: VND 70 billion (2%)

Article 5: The Meeting approved to pay for the 2013 dividend:

-         Dividend pay-out ratio: 15%/ par value (VND1,500/ share)

Article 6: The Meeting approved to invest in steel processing center in SMC Tan Tao

Article 7: The Meeting approved to amend the Articles of Association.

Article 8: The Meeting approved to elect Mr. Nguyen Ngoc Anh, the BOD Chairman concurrently as CEO.

Article 9: The Meeting approved to authorize the Board of Directors to choose an auditing company for financial statements in 2013.

Article 10: The Meeting approved allowances for the Board of Directors and the Board of Supervisors:

-         The Meeting approved to maintain 1.5% of profit after tax

-         1.5%*70 billion dongs=1.05 billion dongs

-         Bonus fund for the Board of Directors and the Board of Supervisors: 5% of the exceeded profit.

Article 11: The Meeting approved the appointment Mr. Taira Yoshiyuki as a member of the BOD.

Article 12: The General Meeting authorized the Board of Directors to implement the approved issues.

HOSE

>   VOS: VOS changes the meeting date of AGM 2013 (10/04/2013)

>   VST: Explanation for consolidated business result in 2012 (10/04/2013)

>   SDD: Financial Statement FY 2012 (10/04/2013)

>   SDH: Financial Statement FY 2012 (holding company) (10/04/2013)

>   SD4: Financial Statement FY 2012 (10/04/2013)

>   SD5: Financial Statement FY 2012 (consolidated) (10/04/2013)

>   SCJ: Notice of record date for Annual General Meeting of Shareholders 2013 (10/04/2013)

>   LTC: Financial Statement FY 2012 (holding company) (10/04/2013)

>   ALT: Explanation for difference in financial statement 2012 before and after auditing (10/04/2013)

>   VDSE: Information on Annual Report 2012 (10/04/2013)