DIC: Resolution of Annual General Meeting of Shareholders 2014

Dic Investment And Trading Joint Stock Company announced the resolution of the 2014 annual general meeting (AGM) of Shareholders dated June 06, 2014 as follows:

Article 1: AGM approved report on business result in 2012 and business plan for 2013:

1)     Business result in 2013:

By: Million dongs

No.		Reality 2012	Plan for 2013	Reality 2013	% Reality 2013/ 2012	% Reality 2013/ plan for 2013
1	Total revenue	1,182,236	1,508,476	2,583,045	118.49%	71.24%
2	Cost of goods sold	1,101,171		2,488,597	126.00%
3	Gross profit	81,065		94,447	16.51%
4	Finance income	2,666		15,650	486.98%
5	Finance expense	42,945		46,666	8.66%
6	Selling expense	13,121		20,577	56.83%
7	General & administration expense	18,683		24,067	28.82%
8	Net operating profit	8,980		18,786	109.19%
9	Other profit	1,098		458	(58.25%)
10	Profit before tax	10,813	16,446	19,244	77.97%	17.01%
11	Profit after tax	6,494		14,180	118.36%
12	EPS	408		532	30.39%

2)     Business plan for 2014:

No.		Worth	In which: DIC’s parent company
1	Net revenue	2.954 billion dongs	2.329 billion dongs
2	Consolidated profit after tax	24.7 billion dongs	13.8 billion dongs
	Dividend	6%

Article 2:  AGM approved report of the Board of Directors in 2013

Article 3:  AGM approved report of the Board of Supervisors in 2013

Article 4:  AGM approved the audited financial statements in 2013.

Article 5:  AGM approved report on the 2013 profit distribution, dividend and distribution plan for 2014:

1)     The 2013 profit distribution, dividend:

Consolidated business result:	Million dongs
Net revenue	2,583,045
Profit before tax	19,245
Profit after tax	14,181
Profit after tax , which was not distributed until December 31, 2013	12,473
Funds distribution in Financial Statement of parent company
Profit after tax of parent company shareholder	3,435
Financial reserve fund (4.5% of profit after tax)	155
Bonus and welfare fund (10% of profit after tax)	343
Investment and development fund (12.5% of profit after tax)	429
The 2013 Dividend
6%  cash dividend from retained earnings	9,910

2)     The 2014 profit distribution, dividend:

By: Million dongs

Consolidated revenue	2,954,194
In which: DIC’s parent company	2,329,751
Consolidated profit before tax	24,682
In which: DIC’s parent company	13,821
Fund distribution	10,336
Financial reserve fund (4.5% of profit after tax)	466
Bonus and welfare fund (10% of profit after tax)	1,037
Investment and development fund (12.5% of profit after tax)	1,296
The 2014 Dividend: 6%

Article 6:  AGM approved to elect the BOD Chairman concurrently as CEO.

Article 7:  AGM approved to choose an auditing firm for fiscal year 2014 and remuneration of the Board of Directors, the Board of Supervisors in 2013, 2014.

-  Remuneration of the Board of Directors, the Board of Supervisors in 2013: VND311,300,000.

-  Remuneration of the Board of Directors, the Board of Supervisors in 2014: VND412 million.

Article 8: AGM approved the plan to issue shares to existing shareholders and charter capital raising:

1)     AGM approved to issue shares to existing shareholders:

-  Stock type: common share

-  Par value: 10,000 dongs / share

-  Issue price:             VND10,000/share

-  Issue date: authorized to the Board of Directors to choose an appropriate time to issue shares, time of implementation in 2014 and Quarter 1, 2015

-  Issue volume expected: 8,000,000 shares

-  Number of shares before the issue: 17,081,805 shares

-  Number of shares after the issue: 25,081,805 shares

-  Issue ratio: 100:46 (the one who owns 100 shares at the record date will receive 46 new share)

-  Rights are transferred only once at the price agreed by 2 partners and not done again to the third one

-  Plan to deal with fractional shares: The distributed shares will be distributed to other investors at a price not lower the price offered to the existing shareholders.

-  The new shares are transferable.

2)     AGM approved to increase charter capital of Dic Investment And Trading Joint Stock Company.

3)     AGM approved to register to deposit shares in the Vietnam Securities Depository, list shares in the Hochiminh Stock Exchange

4)     Amending the company’s regulation.

5)     The Meeting authorized Mr. Nguyen Duc Hai – BOD Chairman cum CEO to implement all procedures relating to issue shares and increase charter capital.

HOSE

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