Ninh Hoa Sugar Joint Stock Company announced the resolution of the 2014 annual general meeting as follows:
Article
1: The
AGM approved contents:
1) Report of the CEO on business result in 2013 and
business plan for 2014.
2) Report of the Board of Directors in 2013, 2014.
3) Report of the Board of Supervisors in 2013, 2014.
4) Approving the resignation of the Board of Directors and election another member to the Board of
Directors.
5) The audited financial statements in 2013.
6) Approving the 2013 profit distribution:
By: VND
|
No.
|
Term
|
|
|
1
|
Profit before tax
|
99,365,580,187
|
|
2
|
Income tax
|
20,981,126,199
|
|
3
|
Profit after tax
|
78,384,453,988
|
|
4
|
Fund
distribution
|
|
|
4.1
|
Investment & Development fund (10% of profit
after tax)
|
7,838,445,399
|
|
4.2
|
Financial reserve fund (5% of profit
after tax)
|
3,919,222,699
|
|
4.3
|
Bonus & welfare fund (10% of profit
after tax)
|
7,838,445,399
|
|
4.4
|
Bonus fund of the Senior management for exceeding
profit target (3% of exceeding profit after tax target)
|
1,222,633,620
|
|
5
|
The remained after
distributed profit
|
57,565,706,871
|
|
6
|
Dividend in 2013 (15%*VND303.75 billion)
Paid for the 2013 dividend: (15%*VND303.75 billion)
Will be pay for the 2013 dividend
|
45,562,500,000
45,562,500,000
0
|
|
7
|
Retained
earnings
|
12,003,206,871
|
7) Approving to change fiscal year:
-
The first fiscal
year: begin January 01, 2014 & end June 30, 2014
-
The second fiscal
year: begin July 01, 2014 & the end June 30 of next year.
8) Approving for the 2014 profit distribution and
production plan for 2014:
|
No.
|
Targets
|
Plan
from January 01, 2014 to June 30, 2014
|
|
A
|
Pressed
sugar cane production (ton)
|
634,667
|
|
B
|
Finished products
(ton)
|
63,466
|
|
C
|
Net
revenue ( billion dongs)
|
711
|
|
D
|
Profit
before tax ( billion dongs)
|
36
|
|
E
|
Profit
after tax ( billion dongs)
|
28
|
|
|
Profit
distribution
|
6.16
|
|
1
|
Investment & Development fund (5% of profit
after tax) (billion dongs)
|
1.4
|
|
2
|
Financial reserve fund (5% of profit
after tax) (billion dongs)
|
1.4
|
|
3
|
Bonus & welfare fund (10% of profit
after tax) (billion dongs)
|
2.8
|
|
4
|
Social funds (0.2% of profit
after tax) (billion dongs)
|
0.56
|
|
5
|
Profit
after
distributed profit
|
21.84
|
|
0
|
Dividend
(5% of charter capital)
|
5%
|
|
5
|
Bonus fund of the Senior management for exceeding
profit target
|
From
2% to 3% but not more than VND1 billion
|
The AGM authorized the BOD to pay for the 2014
dividend.
9)
The AGM approving to choose an auditing firm for fiscal year 2014.
10) The AGM approved remuneration of the Board
of Directors, the Board of Supervisors in 2013: VND604 million
Remuneration
of the Board of Directors, the Board of Supervisors in 2014: VND624 million.
11) The AGM approved the report, which grant loans and guarantees
-
The company grants loans and guarantees to member of the BOD,
the
Board of Supervisors, CEO, Deputy CEO, Chief Accountant, Other staffs..
-
Value of the loan and guarantees is not more than 30% of total
asset in the nearest Auditing Financial Statement.
-
Implement time: from June 12, 2014 to December 31, 2015.
-
The AGM authorized
the BOD to implement.
12) The AGM approved to swap all outstanding shares:
-
The AGM approved merger plan Ninh Hoa Sugar Joint Stock Company (NHS) to Bien Hoa
Sugar Joint Stock Company (BHS).
-
The AGM
approved to swap all outstanding shares of NHS to receive outstanding shares of BHS.
-
Swap ratio: 1:1 (01
share of NHS swap 01 share of BHS)
-
After swapping, BHS will be owner (100%
charter capital) of NHS and NHS will become Company Limited.
-
Swapping time: 90 days from BHS receive certificate of registration of the offer shares.
Article 2: The AGM approved
to amend the Articles of Association.
Article
3: The
AGM approved election result another member to the Board of Directors:
-
The AGM approved to
elect Ms. Hoang Thi Thu Huyen as a member of the BOD.
-
The Board of
Directors:
·
Mr. Nguyen Thi Hoa
– Chairman of the BOD
·
Mr. Tran Kim Dung –
a member of the BOD
·
Mr. Nguyen Thanh
Ngu - a member of the BOD
·
Mr. Phan Vu Hung -
a member of the BOD
·
Ms. Hoang Thi Thu
Hien - a member of the BOD
