Cotec Construction Joint Stock Company announced the resolution of Annual General Meeting 2014 on April 14, 2014 as follows:
The
Annual General Meeting 2014 unanimously resolved:
Article
1: The Meeting approved annual report 2013 including report of the Management
Board, report of the Board of Directors, report of the Board of Supervisors,
the audited financial report with some main as follows:
Unit:
VND
|
No.
|
Item
|
Worth
|
|
I.
|
Profit
after tax of parent company’s shareholders
|
257,137,686,890
|
|
*
|
Allocation
for funds
|
128,568,843,446
|
|
1.
|
Reserve
financial fund (5%)
|
12,856,884,345
|
|
2.
|
Bonus
& welfare fund (5%)
|
12,856,884,345
|
|
3.
|
Development
& Investment fund (40%)
|
102,855,074,756
|
|
*
|
2013
dividend payment (20% of stake capital)
|
84,266,688,000
|
|
II.
|
Retained
earnings after allocation
|
44,302,155,444
|
(The
company paid 10%o f stake capital for 2013 dividend in March 2014)
-
Report
on business operations in 2010 and plan for 2011;
-
Report
of the Board of Supervisors.
Article
3: The Meeting approved the 2014 business plan and the 2013 profit distribution
plan
1)
Business
plan for 2014:
-
Total
consolidated revenue: VND7,400 billion
-
Profit
after tax of parent company’s shareholders: VND300 billion
2)
The
2014 profit distribution plan:
-
Reverse
financial fund: 5%
-
Bonus
& welfare fund: 5%
-
Investment
& development fund: 40%
-
Dividend:
20%
Article
4: The Meeting approved to appoint Mr. Brian Quan Pham as a member of the Board
of Directors in term 2012-2017.
Article
5: The Meeting approved to appoint of Mr. Ho Van Thanh as a member of the Board
of Supervisors in place of Mr. Tu Dai Phuc.
Article
6: The Meeting approved that the BOD Chairman would concurrently hold the
position of Director General in 2014.
Article
7: The Meeting approved to choose an auditing firm to audit financial
statements for year 2014.
Article
8: The Meeting approved the remuneration of the Board of Directors and the
Board of Board of Supervisors in 2014:
-
BOD
Chairman: VND15 million/person/month
-
A
member of the Board of Directors: VND10 million/person/month
-
Head
of the Board of Supervisors: VND10million
-
A
member of the Board of Supervisors: VND7 billion.
