AAM: Resolution of Annual General Meeting 2013

Mekong Fisheries Joint Stock Company announced the resolution of the 2013 annual general meeting on March 29, 2014:

1. The Meeting approved the financial statements and profit distribution in 2013:

-        Profit and loss in 2013:

·         Total revenue: VND 536,478,158,974

·         Profit before tax: VND 10,930,272,878

·         Profit after tax: VND 8,187,352,343

-        Profit distribution in 2013:

·         The remaining undistributed profit in 2012: VND15,610,960,606

·         The Company’s profit after tax was distributed in 2013: VND 799,432,511

·         Bonus & welfare fund (10%/net profit): VND 697,432,511

·         Compensation for the BOD and the Board of Supervisors: VND 102,000,000

·         The remaining undistributed profit in 2013: VND 6,174,892,597

·         Total profit after tax in 2012 & 2013:            VND21,785,853,203

·         Dividend of 2013 (10%/par value): VND 9,935,701,000

·         The first dividend payment of 2012 in cash (10%): VND8,639,864,000

·         The remaining undistributed profit in 2013: VND 11,850,152,203

2. The Meeting approved reports on operation of the Board of Supervisors in 2013.
3. The Meeting approved business plan for 2014:

-        Targets for 2014:

Frozen food:

·         Production: 12,000 tons

·         Revenue: VND 500 billion

·         Profit before tax: VND 12billion

·         Expected dividend: over 10%/year by cash

·         Aquatic product breeding enterprise:

·         Production: over 7,000 tons

-        Investment plan:  

·         To attend administration Motilen Can Tho Building Material Joint Stock Company.

·         To research establishment export garment factory

·         To invest of VND40 billion for farmers

·         All of investment will be financed from the Company’s own capital and banks’ loans.

4. The Meeting approved results of the Board of Directors.
5. The Meeting approved reports the 2013 financial statements and reports the 2013 consolidated financial statements were audited by A&C Auditing & Consulting Co., Ltd (A&C).
6. The Meeting approved the compensations for the Board of Directors and the Board of Supervisors.

-        Compensations for the Board of Directors and the Board of Supervisors in 2014:  VND 372,000,000 / year.

7. The Meeting resolved the choosing of A&C Auditing & Consulting Co., Ltd (A&C) to audit financial statements in 2014.

-        If the Company can not negotiate with A&C about the rate of progress and the auditing fee, the Meeting will authorize the Board of Directors to choose one of remaining companies in the list of independent auditing companies below:

·         AASC

·         AISC

·         Vietvalues

·         AASCS

8. The Meeting approved Mr. Luong Hoang Manh – BOD Chairman cum Director of Mekong Fisheries Joint Stock Company in 2014.
9. The Meeting approved Ms. Nguyen Kim Phuong as Head of the Board of Supervisors in period (2012-2016) to change Ms. Duong Thi Le Thuy.
10. The Meeting approved appointing Mr. Luong Hoang Duy as Deputy CEO of Mekong Fisheries Joint Stock Company as from March 29, 2014.
11. This resolution was resolved by the 2013 Annual General Meeting on March 29, 2014.

HOSE

>   UIC: Notice of the 2014 AGM (02/04/2014)

>   VNA: The record date for the 2014 AGM (02/04/2014)

>   TRA: Resolution of Annual General Meeting 2013 (02/04/2014)

>   NVC: Financial Statement FY 2013 (02/04/2014)

>   LM3: Financial Statement FY 2013 (02/04/2014)

>   MKV: Financial Statement FY 2013 (02/04/2014)

>   NVC: Financial Statement FY 2013 (holding company) (02/04/2014)

>   LM3: Financial Statement FY 2013 (holding company) (02/04/2014)

>   LUT: Financial Statement FY 2013 (02/04/2014)

>   LO5: Financial Statement FY 2013 (02/04/2014)