PGD: Resolution of 2014 annual general meeting

Petro Viet Nam Low Pressure Gas Distribution Joint Stock Company (PV GAS D JSC) announced a resolution of the 2014 annual general meeting as follows:

Article 1: Approving the 2013 audited financial statements:

-         Revenue: 6,422.14 bil. dongs

-         Profit before tax: 281.27 bil. dongs

-         Profit after tax: 209.10 bil. dongs

-         Rate of profit after tax on charter capital: 48.74%

Article 2: Approving 2013 business results and dividend:

-         Investments & development fund: 70.20 bil. dongs

-         Bonus & welfare fund (03 months of salary): 9.05 bil. dongs

-         Bonus to the company’s management board: 0.30 bil. dongs

-         Dividend in cash (30% charter capital): VND128.70 billion

-         EPS: 4.874 dongs/share.

Article 3: Approving the 2013 adjusted remuneration report of the BOD and the Supervisory Board:

-         Total planned remuneration in 2013: 1,907,000,000 dongs

-         Total adjusted remuneration in 2013: 2,123,729,690 dongs

Article 4: Approved the remuneration paid to the BOD and the Supervisory Board in 2013: 2,120,729,690 dongs

Article 5: Approved the remuneration for the BOD and the Supervisory Board in 2014: 2,874,000,000 dongs

Article 6: Approving the 2013 operation report and the 2014 plan of the BOD.

Article 7: Approving the 2013 operation report and the 2014 plan of the Supervisory Board.

Article 8: Approving the audited firms.

Article 9: Approving operation regulation of the Supervisory Board.

Article 10: Approved the 2014 plans of business activities, profit distribution, and dividend:

-         The 2014 business plan:

·         Charter capital: 600 bil. dongs

·         Output: 620 mil. sm3

·         Revenue: 7,024 bil. dongs

·         Profit before tax: 189 bil. dongs

·         Taxes and liabilities to state budget: 189 bil. dongs

·         Profit after tax: 147 bil. dongs

·         Rate of profit after tax on charter capital: 25%

·         Disbursement value for investments: 79.07 bil. dongs

-         The 2014 plan of profit distribution and dividend:

·         Bonus & welfare fund (03 months of salary): 10 bil. dong

·         Bonus for the company’s management board: 0.3 bil. dong

·         Dividend in cash (20%/charter capital): 120 bil. dong

·         Retained profit: 17 bil. dong

Article 11: This resolution takes effect as from Apr. 28, 2014.

HOSE

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