PXM: Resolution of AGM 2013

Mientrung Petroleum Construction Joint Stock Company announced the resolution of the 2013 annual general meeting dated May 25, 2012:

Article 1: AGM approved report of the Board of Directors on operation in 2012 and operation plan for 2013.

Article 2: AGM approved report on profit and loss in 2012 and business plan for 2013

1.       Profit and loss in 2012:

By: billion dongs

	Reality 2012
Charter capital	150.00
Production	263.92
Sales	201.18
Profit before tax	(109.65)
State budget payable	7.43
Average income	4
Dividend	0

2.       Business plan for 2013: AGM authorized the Board of Supervisors to adjust.

Article 3: AGM approved report of the Board of Supervisors in 2012 and operation plan for 2013.

Article 4: AGM approved the financial statements in 2012.

Article 5: AGM approved report of adjustment rate dividend in 2012.

Article 6: AGM approved to choose an auditing firm for 2013.

Article 7: AGM approved remuneration of the Board of Directors, the Board of Supervisors in 2012 and payment plan for 2013:

In 2012:

Member of the Board of Directors who do not work directly in the company: VND3 million/month.

Member of the Board of Supervisors who do not work directly in the company: VND 1.5 million/month

Remuneration of the Board of Directors: VND932,646,231

Remuneration of the Board of Supervisors: VND216,940,016

Total: VND1,149,586,247

In 2013:

Member of the Board of Directors who do not work directly in the company: VND1.5 million/month.

Member of the Board of Supervisors who do not work directly in the company: VND 750 million/month

Remuneration of the Board of Directors: VND1,227,942,000

Remuneration of the Board of Supervisors: VND216,990,000

Total: VND1,489,932,000

Article 8: AGM authorized the Board of Directors to transfer Dung Quat packaging factory.

Article 9: AGM approved to amend the company’s regulation.

Article 10: AGM approved Mr. Pham Chu Tu replaced Mr. Bui Cong Toanh as a member ò the BOD in the term 2009-2014.

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