MPC: Resolution of general meeting of shareholders

Minh Phu Seafood Group Corporation announced the resolution of general meeting of shareholders as follows:

1.     Approving the 2014 business plan:

No.	Item	Unit	2014
1	Consolidated export turnover	USD million	1.362,9
2	Consolidated production	ton	22,4
3	Consolidated revenue	VND billion	11.715
4	Consolidated profit before tax	VND billion	487
5	Consolidated profit after tax	VND billion	421

2.     Approving the 2013 profit distribution and the plan of 2014 profit distribution

-        The 2013 profit distribution

Unit: VND billion

Item	% / profit after tax
Welfare and bonus fund	10%
Development and Investment Fund	10%
Financial reserve fund	5%
Dividend rate	VND1500/share

-        The plan of 2014 profit distribution

Welfare and bonus fund	10%/profit after tax
Development and Investment Fund	10%/profit after tax
Financial reserve fund	5%/profit after tax
Retained earnings	75%/profit after tax

3.   Approving remuneration for members of the Board of Directors in 2013: VND15 million/people/month

-  Approving remuneration for members of the Board of Supervisors in 2013: VND8 million/people/month

4.   Approving no bonus if the plan is not completed.

5.   Approving to distribute 10% of profit after tax to the BOD, BOS, BOM and employees if reaching the plan.

6.   Approving to distribute 20% of profit after tax to the BOD, BOS, BOM and employees if exceeding the plan.

7.   Approving Chairman of the BOD who concurrently holds the position of CEO.

8.   Approving a private placement of bond as follows:

-  Bond type: corporate bond, to be not inconvertible, to be not secured by assets, have the additional secured method.

-  Par value: VND1.000.000.000/bond

-  Number of bonds offered: 500

-  Term: 3 years

-  Price: par value

The annual general shareholder’s meeting approved to appoint Chairman and CEO to negotiate and decide details relevant to this bond issuance.

HOSE

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