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LCM: Resolution of the 2014 annual general meeting Lao Cai Mineral Exploitation and Processing Joint Stock Company (LAOCAI JSC) has announced the resolution of the 2014 annual general meeting as follows:
Article 1: Approving
the report of the Board of Directors in 2013. Article 2:
Approving the 2013 business result and 2014 business plan Unit: dongs 1)
Business results in 2013: -
Venue from sales and services: 30,527,400,577 -
Profit before tax: 9,890,592,365 -
Corporation income tax: 494,529,618 -
Profit after tax: 9,396,062,747 2) Business
plan for 2014: To focus accelerate of construction works of a gold processing
factory at Hoa Binh -
Total revenue: 40,000,000,000 -
Profit after tax: 8,000,000,000 -
Dividend: 5% Article
3: Approving the report of the Board of Supervisors in 2013 Article
4: Approving the 2013 audited financial statements Article
5: Approving of the 2013 profit allotment: Unit: dongs -
Profit after tax in 2013: 9,396,062,747 -
Allocation to funds: 40%: 3,758,425,099 -
Allotting 5% to additional charter capital
reserve fund: 469,803,137 -
Allotting 20% to investment & development
fund: 1,879,212,549 -
Allotting 5% to financial reserve fund: 939,606,275 -
Allotting 5% to bonus & welfare fund: 469,803,137 -
2013 Dividend: no pay -
Retained earnings in 2013: 5,637,637,648 Article
6: Approving to increase ownership ratio of LCM in Gia Long Hoa Binh Company
Limited – associated company. Article
7: Approving to change the plan of using capital from the issue to increase its
charter capital from VND85.68 billion to VND214.2 billion in 2012. Total share
value after the issue expected sold out: 128,520,000,000 dongs
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No.
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Project
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Estimated
worth
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Actual
worth
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1
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Constructing
and investing in machinery for the factory at Ngoc Lam, Cao Ram, Luong Son,
Hoa Binh
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80,000,000,000
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88,200,000,000
|
|
2
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Investing
in exploiting sinker at Na Pa 2 & Sin Chai 2, Ban me, Si Ma Cai, Lao Cai
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20,000,000,000
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0
|
|
3
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Investing
in exploiting gold at Pac Ta, Than Uyen, Lai Chau.
|
10,000,000,000
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0
|
|
4
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Adding
working capital
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18,520,000,000
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10,320,000,000
|
|
|
Total
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128,520,000,000
|
98,520,000,000
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-
Amount invested for exploiting gold project
at Hoa Binh by 88,200,000,000 dongs, adjusted to increase by 8,200,000,000
dongs compared to estimated worth. Article
8: Approving the resignation of a member of the Board of Directors of Mr.
Nguyen Khac Kim and appointment a member of the Board of Directors in term 2011-2015. Article
9: Approving to appoint additional a member of the Board of Directors in term
2011-2015. Article
10: Approving the elected a member of the Board of Directors – Mr. Ngo Truong
An. Article
11: Approving the remuneration of the Board of Directors (BOD) and the Board of
Supervisors (BOS) in 2013 and plan for 2014. 1) Remuneration
for the BOD and BOS in 2013: -
BOD Chairman: 3,000,000 dongs/month -
A member of the BOD: 2,500,000 dongs/month -
Head of the BOS: 2,500,000 dongs/month -
A member of the BOS: 2,000,000 dongs/month -
Total remuneration for the BOD and the BOS in
fiscal year 2013: 234,000,000 dongs 2) Remuneration
plan for 2014: -
BOD Chairman: 3,000,000 dongs/month -
A member of the BOD: 2,500,000 dongs/month -
Head of the BOS: 2,500,000 dongs/month -
A member of the BOS: 2,000,000 dongs/month -
Total remuneration for the BOD and the BOS in
fiscal year 2014: 234,000,000 dongs Article
12: Approving to choose an auditor for 2014 financial statements. Article
13: Approving to supplement business lines Article
14: Approving the amending the company’s regulation.
HOSE
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