HMC: Resolution of the Annual General Meeting 2014

Ho Chi Minh City Metal Corporation announced the resolution of the Annual General Meeting on March 29, 2014:

1.     The Meeting approved the business results in 2013 and plan for 2014.

v  Business results in 2013:

-  Revenue: VND3,097 billion

-  Profit before tax: VND 28 billion     

-  Profit after tax: VND 20.9 billion

v  Business plan for2014:

-  Revenue: VND 3,500 billion

-  Profit before tax: VND 30 billion

-  Profit after tax: VND 22,5 billion

-  Dividend: 10%/charter capital

2.     The Meeting approved report of the Board of Directors and report of term (2008-2013).

3.     The Meeting approved report of the Board of Supervisors in 2013.

4.     The Meeting approved audit financial report in 2013.

5.     The Meeting approved distribution profit plan in 2013:

-  Profit before tax in 2013 (audited): VND 28,023,168,956 (1)

-  Current corporation income tax: VND 7,158,293,594 (2)

-  Profit after tax in 2013: VND20,864,875,362 (3)=(1)-(2)

-  In which: Profit from unrealized difference exchange: VND 105,113,128 (4)

-  The remaining profit of 2012: VND 1,225,103,653 (5)

-  Total profit was distributed in this year: VND 21,984,865,887 (3)-(4)+(5)

·         Investment and development fund: VND 500,000,000

·         Reserve fund for the charter capital: VND 200,000,000

·         Dividend (8.5%): VND 17,850,000,000

·         Bonus & welfare fund: VND 3,434,865,8871

6.     The Meeting approved the compensation for the Board of Directors and the Board of Supervisors in 2013 and plan for 2014 as follows:

-  BOD Chairperson: VND 5,000,000/month

-  Members of the BOD: VND 4,000,000/month

-  Head of the Supervisory Board: VND 4,000,000/month

-  Member of the Supervisory Board: VND 3,000,000/month

-  The Company’s Secretary: VND 2,000,000/month

7.     The Meeting approved to choose auditing company in 2014.

8.     The Meeting approved the election result of members of the Board of Directors and members of the Board of Supervisors for term 2014-2019:

-  List of the Board of Directors:

·         Mr. Nguyen Minh Xuan

·         Mr. Bui Van Hung

·         Mr. Truong Ba Liem

·         Mr. Le Van Hong

·         Mr. Tran Dinh Dong

-  List of the Board of Supervisors:

·         Mr. Dau Vu Chau

·         Ms. Hoang Le Anh

·         Mr. Nguyen Xuan Truong

9.     The Meeting authorized the Board of Directors to implement necessary procedure.

10.  This resolution has been effect from March 29, 2014.

HOSE

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

>   DNC: Explanation for the difference in the profit after tax of Quarter IV.2013 year on year (04/04/2014)

>   VIP: Notice of the 2014 AGM (04/04/2014)

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

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

>   DCL: Notice of the 2014 AGM (04/04/2014)

>   HAS: Extension of the submission date for the 2014 annual general meeting (04/04/2014)

>   HAX: Notice of the 2014 AGM (04/04/2014)

>   HTV: Extension of the submission date for the 2014 annual general meeting (04/04/2014)

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