Bao Viet Holdings has announced resolution of the 2014 Annual General Meeting of Shareholders as follows:
Article 1: Approving of the
2013 activities report and the 2014 plan of the
Board of Directors.
Article 2: Approving of the
2013 business results and the 2014 plan:
1)
The 2013 business results:
-
Total
revenue: VND1,352 billion or 95.8% compared to plan
-
Profit
after tax: VND1,104 billion or 100.1% compared to plan
-
ROE:
16.2%
2)
The business plan for 2014:
-
Total
revenue: VND1,416 billion
-
Profit
after tax: VND1,120 billion
-
ROE:
16.5%
Article
3: Approving the remuneration of the Board of Directors, the Board of Supervisors
in 2013 and payment plan 2014:
1) Remuneration
of the Board of Directors and the Board of Supervisors in 2013:
-
The Board of Directors: VND 0.96 billion or
0.09% of profit after tax
-
The Board of Supervisors: VND0.30 billion or
0.03% of profit after tax
2) Remuneration
of the Board of Directors and the Board of Supervisors in 2014:
-
The Board of Directors: 0.15% of profit after
tax
-
The Board of Supervisors: 0.04% of profit
after tax
Article
4: Approving the 2013 profit after tax
distribution and payment plan for 2014:
Profit after tax: VND1,082 billion
1)
the 2013 profit
after tax distribution
-
Dividend: 15% / par
value (VND1,500/ share) or VND1,021 billion
-
Bonus and welfare fund: 4%
of profit after tax or VND44
billion
-
Social security funds: 1% of profit after tax or VND11 billion
-
Remuneration of the Board of Directors: 0.09% of profit after
tax or VND0.96 billion
-
Remuneration of the Board of Supervisors: 0.03% of profit after
tax or VND0.30 billion
-
Retained earnings: 2.46%
of profit after tax or VND27.13 billion.
2)
The 2014 profit
after tax distribution:
-
Dividend: 13% / par
value (VND1,300/ share)
-
Bonus and welfare fund: 5%
of profit after tax
-
Social security funds: 1% of profit after tax
-
Remuneration of the Board of Directors: 0.15% of profit after
tax
-
Remuneration of the Board of Supervisors: 0.04% of profit after
tax
-
Allocation to bonus
and welfare fund for employees: 3% of profit
after tax
Article
5: Approving the report of the Board of
Supervisors.
Article 6: Approving to select one of five
auditing companies to audit the 2015, 2016 and 2017 financial statements and
the reviewed semi-annual financial statements.
-
Deloitte Viet Nam
-
Ernst & Young Viet Nam
-
Grant Thornton Viet Nam
-
KPMG Viet Nam
-
Price Waterhouse Cooper (Viet Nam)
Article
7: The resolution is valid as from 24 Apr. 2014.
