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EFI: Annual General Mandate 2014
On 26/4/2014, Education Financial Investment Joint Stock
Company announced Annual General Mandate 2014 as follows:
Article 1: Approve
business result in 2013
- Total revenue: VND
17,411,875,002
- Profit before tax: VND 7,214,943,945
- Profit after tax: VND
5,866,930,894
Article 2:
Approve report of SB on assessment of business activities in 2013
Article 3:
Approve profit distribution in 2013
- Profit after tax: VND
5,866,930,894
- Financial reserve fund (5% of PAT) VND 293,346,545
- Charter capital reserve fund (5% of PAT) VND 293,346,545
- Bonus & welfare fund (5% of PAT) VND 293,346,545
- Remuneration for BOD, bonus for Executive Board (5% of
PAT): VND 293,346,545
- Retained profit VND
5,913,714,539
Article 4:
Approve business plan and profit distribution plan in 2014. Authorize BOD to
actively deploy implementation by particular solutions
a) Business plan in 2014
- Total revenue: VND
25,565,000,000
- Profit before tax: VND
12,389,000,000
- Salary unit price: VND
300/1,000 of profit before tax
b) Profit distribution plan in 2014
- Financial reserve fund 5%
of PAT
- Charter capital reserve fund 5% of PAT
- Bonus & welfare fund 5%
of PAT
- Remuneration for BOD & SB 5% of PAT
- Bonus for BOD & Executive Board 20% of exceeding profit after tax
- Estimate dividend: 10%
Article 5:
Approve proposal of SB on selection of the Auditor for FS 2014
- Vietnam Auditing Partnership Company (CPA Vietnam)
- Auditing & Accounting Co., ltd (AAC)
- ASC Auditing Co., ltd
- Auditing & Accounting Consultancy Services Co., ltd
(AASC)
Article 6: Authorize
BOD to:
- Actively divest capital from project 178B Giang Vo;
transfer price must ensure highest benefit for shareholders but not lower than
contribution value of the Company into the project
- Report SSC on change of use of proceeds from the issue
approved in 2009 and terminate investment into project 178B Giang Vo to focus
capital for new production-business plan in 2014
- Sell treasury shares if stock market is favorable and
selling price is 20% or more higher than average buying price.
- Divest capital at:
+ With 4 office at Apex Tower, authorize BOD to decide
transfer price which is not lower than investment value
+ For small real estate in Danang, the Company would sell to
withdraw money for production-business plan in 2014; authorize BOD to decide
transfer price which accords with market price
- Find suitable office projects and do relevant procedures
to the transfer, exploitation and use of projects. Investment could not exceed
50% of charter capital of the Company
- With financial investment: Financial investment could not
exceed 40% of charter capital of the Company; authorize BOD to decide
investment when there is suitable cash flow
Article 7:
Approve additional Directors in office terom 2013-2018
- Mr. Huynh Ba Van – Deputy GM of Vietnam Education
Publishing House cum Manager of Education Publishing House in Hanoi
- Mr. Nguyen Manh Hung – Manager of Dong Tien Consulting
& Investment Co., ltd
Article 8:
Approve Chairman of BOD to be Manager of the Company until BOD elects new
Chairman of Manager
Article 9: This
General Mandate took effect from signature date HNX
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