Thong Nhat Rubber Joint Stock Company announced the board resolution dated December 18, 2013 as follows:
Article 1: The Board of Directors approved the following reports:
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Report on profit and loss in 2013:
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Revenue: VND190 billion
+
Profit before tax: VND40.400 billion
+
Budget payable: VND13 billion
+
Ratio of profit before tax to revenue: 21.26%
+
Basic construction investment: VND13.37 billion
+
Exploitation volume: 1,257 tons of DRC
+
Processing volume: 1,638 tons
+
RSS: 371 tons
+
SVR: 1,267 tons
-
Business plan for 2014:
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Revenue: VND119 billion
+
Profit before tax: VND27 billion
+
Budget payable: VND8 billion
+
Ratio of profit before tax to revenue: 22.6%
+
Basic construction investment: VND13.6 billion
+
Exploitation volume: 1,460 tons of DRC
+
Processing volume: 1,400 tons
+
RSS: 365 tons
+
SVR: 1,035 tons
Article 2: The Board of Directors approved:
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To submit the wage plan to the 2013 meeting of shareholders.
The plan is calculated as follows:
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DRC: VND19,040,000/ton
+
RSS (produced): VND1,792,000/ton
+
RSS (processed): VND1,088,000/ton
+
SVR: VND1,232,000/ton
+
SVR (processed): VND792,000/ton
Article 3: The Board of Directors approved the wage payment
regulation to managers.
Article 4: The Board of Directors approved fertilization and
technical processes.
Article 5: The Board of Directors approved the liquidation sale
of 97.7 hectares of rubber trees at Hoa Binh 2 Rubber Farm in order to replant
new rubber trees in 2014.
Article 6: The Board of Directors approved the financial plan for
2014.
Article 7: The Board of Directors approved:
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To terminate the operation of Phuoc Trung Wood Processing
Enterprise;
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To ask the CEO to consider the liquidation sale or for rent
at Hung Long Poultry Feed Processing Plant in 2014.
Article 8: The Board of
Directors expected to hold the 2014 Annual General Meeting of Shareholders on
April 16, 2014.
Article 9: The Board of Directors approved adjustments in the
Company’s business license.
Article 10: The Board of Directors approved the adjusted finance
management regulation, effective from January 01, 2014.
Article 11: The Board of Directors approved the resignation of Mr.
Le Cao Thuong as Deputy CEO in charge of Technology and Investment. Besides, the
Board of Directors appointed Mr. Le Cao Thuong as Manager of Sales and
Environment Department cum Manager of Hung Long Poultry Feed Processing
Plant.
Article 12: Members of the Board of Directors, the Management
Board are responsible for implementing this resolution.
