Sao Mai Construction Corporation announced the resolution of Annual General Meeting 2013, which was held on September 14, 2013, as follows:
Article 1: Approving the report of the Directorate on business
performance in 2012 and business plan for 2013:
-
Business performance in 2012:
+
Net revenue: VND1,018,096,288,660
+
Profit after tax: VND13,245,228,376
-
Business plan for 2013:
+
Charter capital: VND476,834,420,000
+
Revenue: VND1,150,000,000,000
+
Profit after tax: VND20,000,000,000
+
Expected dividend rate: 5%
Article 2: Approving the report of the Board of Supervisors on
activities in 2012 and plan for 2013.
Article 3: Approving the 2012 audited financial statements.
Article 4: Approving the 2012 profit distribution plan, as
follows:
-
Profit after tax in 2012: VND13,245,228,376
-
The Corporation will not pay dividends of the year 2012.
-
The Corporation will not set up funds.
-
The Corporation will not pay compensation to the Board of
Directors.
-
Compensation to the Board of Supervisors: VND84,000,000.
-
The remaining profit will be used for the Corporation’s
working capital.
Article 5: Approving to pay dividends of the year 2011: in stock,
20% (instead of paying in cash and at 18%) and increase the Corporation’s
charter capital.
-
Stock type: common stock
-
Par value: VND10,000/share
-
Time of implementation: in Quarter 4/2013
-
Charter capital at present: VND397,362,020,000, equivalent
to 39,736,202 shares.
-
Estimated issue volume: 7,947,240 shares
-
Total issue value: VND79,472,400,000
-
Charter capital after the stock issue: VND476,834,420,000
-
Exercise ratio: 20% (5:1). Each shareholder owning 05 shares
will receive 01 new share.
-
Financial resource: the Corporation’s undistributed profit
at December 31, 2012.
Article 6: Approving to add new business functions: operation of
hospitals, clinics; real estate services; production of vegetable oil, animal
fat; wholesale of rice and food; milling and production of flour; production of
starch and starch products; wholesale of agricultural and forestry raw
materials.
Article 7: Approving that the BOD Chairman will concurrently hold
the position of CEO in 2013.
Article 8: Approving the list of auditing companies to choose an
auditing company for Sao Mai Construction Corporation in 2013:
-
Vietnam Auditing and
Evaluation Company
-
Auditing and Consulting Co., Ltd.
-
Ernst & Young Vietnam Co., Ltd.
-
American Auditing Co., Ltd. (AA)
-
Southern Auditing and Accounting Financial Consultancy
Service., Ltd (AASCS)
-
DTL Auditing Co., Ltd.
Article 9: Approving the compensation for the Board of Directors
and the Board of Supervisors in 2012 and 2013:
1. Compensation in 2012:
-
BOD Chairman: VND0/month
-
BOD member: VND0/month
-
Head of the Board of Supervisors: VND3,000,000/month
-
Member of the Board of Supervisors: VND 2,000,000/month
-
Total compensation for the Board of Directors and the Board
of Supervisors in 2012: VND84,000,000.
2. Compensation in 2013:
-
BOD Chairman: VND7,000,000/month
-
BOD member: VND5,000,000/month
-
Head of the Board of Supervisors: VND3,000,000/month
-
Member of the Board of Supervisors: VND 2,000,000/month
-
Total compensation for the Board of Directors and the Board
of Supervisors in 2012: VND468,000,000.
Article 10: Approving the resignation of Mr. Dinh Hoai An as a
member of the Board of Supervisors, and additionally electing Mr. Truong Cong
Khanh to the Board of Supervisors for term 2010 – 2015.
