SFI: Resolution of Annual General Meeting 2014

Sea & Air Freight International (SAFI) announced the resolution of Annual General Meeting 2014, which was organized on April 26, 2014:

Article 1: The Annual General Meeting approved reports of the Board of Directors.

-         Business plan for 2014 ( billion dongs)

	Implement in 2013	Plan for 2014	%
Total revenue	298.13	458.50	153.79%
Profit before tax	48.11	47.62	98.98%
Profit after tax	39.94	35.30	88.38%
Dividend	15%	15%	-

-         Consolidated business result in 2013 ( billion dongs)

	Plan for 2013	Implement in 2013	%
Total revenue	458.50	600	30.86%
Profit before tax	47.62	48	0.8%
Dividend	15%	50%	333.33%

-         Investment plan for 2014: buying stock of companies in the sector.

Article 2: The Annual General Meeting approved of the Senior management on business result in 2013 and business plan for 2014.

-         Business result in 2013 ( billion dongs):

	Implement in 2013	Plan for 2014	%
Net revenue	458.50	600	30.86%
Profit before tax	47.62	48	0.8%
Dividend	15%	50%	333.33%

-         Financial plan for 2014 ( billion dongs):

	Implement in 2012	Implement in 2013	%
Total assets	491.42	517.82	5.37%
Net revenue	331.25	458.50	38.41%
Profit from business	42.51	35.05	-16.66%
Profit before tax	53.45	47.62	-10.92%
Profit after tax	44.37	35.30	-20.45%

Article 3: The Annual General Meeting approved reports of the Board of Supervisors in 2013.

Article 4: The Annual General Meeting approved 2013 profit distribution and dividend payment plan for 2014.

Article 5: The Annual General Meeting approved funds of the Board of Directors and the Board of Supervisors in 2014.

Article 6: The Annual General Meeting approved to amend the Articles of Association.

Article 7: The Annual General Meeting approved to choose an auditing company in fiscal year 2014.

Article 8: The Annual General Meeting approved to issue stock ESOP.

Article 9: The Annual General Meeting approved to set up subsidiary:

-         Name of subsidiary: SAFI Property Co., LTD

-         Subsidiary address: 209 Nguyen Van Thu Street, District 1, HCM City.

HOSE

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