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GLT: General Mandate 2014
Global
Electrical Technology Corp. announced the General Mandate 2014 on 26 June 2014
as follows:
Article 1: Approve consolidated financial
statement 2013
Unit: VND 1000
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Indicators
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Implementation
2012
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Plan 2013
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Implementation 2013
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Rate of plan meeting
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Growth compared to previous year
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Revenue
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144,661,281
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189,212,912
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164,354,029
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87%
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14%
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Profit
before tax
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63,943,618
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25,955,882
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27,826,494
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107%
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-44%
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Profit
after tax (holding company)
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44,212,295
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14,576,274
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17,845,784
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122%
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-40%
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Article 2: Approve the situation of use and
fund extraction as follows:
Unit: VND 1,000
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Opening balance 1.4.2013
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Used in the period
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Extracted in the period
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Expected spending in the period
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Closing balance
31.3.2014
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Financial
provision
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2,206,932
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295,805
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0
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1,911,127
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Welfare and
reward fund
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1,724,781
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1,057,964
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1,051,617
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1,200,000
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518,434
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Science and
technology fund
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1,219,019
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337,337
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-881,682
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0
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Article 3: Dividends 2013
* In cash:
22%, in which advance was 12% (first time on 24/1/2014)
The AGM
authorize the current Board of Directors to make payment for dividends the last
time with 10% in cash
- Expected
record date for the last time: August 2014 (under the notice of record date of
Vietnam Securities Deposit (VSD)
- Expected
time for dividend payment (the last time): September 2014
Article 4: Approve the purchasing shares for
treasury shares under Statement 06/2014/TT-DHDCD. Authorize the Board of
Directors and Management Board to conduct the relevant documents
Article 5: Approve financial indicators 2014
below:
Unit: VND 1,000 (except for EPS)
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Financial indicators
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Plan from 1/4/2014 – 31/03/2015
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Plan from 1/4/2014 – 31/3/2015 (after buying
treasury shares)
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Consolidated
net revenue
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171,277,700
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171,277,700
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Consolidated
profit before tax
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25,199,294
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22,644,008
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Consolidated
profit after tax (holding company)
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16,515,063
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14,521,941
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EPS
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1,799
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2,242
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Expected
dividend payment in cash 2014
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15%
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20%
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Article 6: Authorize the current Supervisory
Board to choose independent auditor to audit financial statement 2014
Article 7: Approve VSOP Program 2014
Accordingly,
in 2014, the VSOP rate is agreed to be 1.5% of the outstanding shares,
equivalent to number of VSOP of 137,000 virtual shares. The beneficiaries of
VOSP policy are as follows:
I. Board of
Directors
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No
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Full name
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Position
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|
1
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Mai Tuan Tu
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Chair of
the Board
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2
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Lam Thieu
Quan
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Member
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3
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Nguyen Thi
Bach Tuyet
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Member
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4
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Nguyen Huu
Dung
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Member
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5
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Nguyen
Huong Giang
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Member
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6
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Nguyen
Thanh Khiet
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Member
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7
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Ta Huy
Phong
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Member
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8
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Nguyen Thi
Thu Suong
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Head of
Supervisory Board
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9
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Nguyen
Hoang Vu
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Member of
Supervisory Board
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10
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Tran Thi
Thu Hien
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Member of
Supervisory Board
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II. Management
Board
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No
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Full name
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Position
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1
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Nguyen Huu
Dung
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General
Director
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2
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Ta Huy
Phong
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Chief
Executive Officer
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3
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Nguyen Huu
Tien
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Head of BTS
Division
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4
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Phan Thi
Kim Anh
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Chief
Accountant
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5
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Truong Thi
Hoa
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Head of HR
Division
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III. Capital
representative at GSC, HANNEL-CSF, INNO
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No
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Full name
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Position
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1
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Nguyen Huu
Dung
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Capital
representative – Chair of member council GSC, Hanel-CSF company
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2
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Ta Huy
Phong
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Member of
Supervisory Board GSC (nominated from GLT), INNO company
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3
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Phan Thi
Kim Anh
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Member of
Supervisory Board GSC (nominated from GLT)
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Authorize the
Board of Directors to decide the number of VSOP for each beneficiary and
measures for conducting VSOP Program 2014 under the current regulation on
preference share of the Company
Article 8: Approve the appointment of Mr.
Nguyen Anh Dung to member of BOD (to replace Mr. Mai Tuan Tu)
Accordingly,
The Board of Directors (term 2013-2017) includes Mr. Nguyen Anh Dung, Mr. Lam
Thieu Quan, Mr. Nguyen Thanh Khiet, Mr. Nguyen Huu Dung, Mr. Ta Huy Phong, Ms.
Nguyen Thi Bach Tuyet and Ms. Nguyen Huong Giang
Article 9: Approve the appointment of Mr.
Nguyen Hoang Vu to member of Supervisory Board (to replace Ms. Luong Ai Truc)
Accordingly,
the Supervisory Board (term 2013-2017) includes Ms. Nguyen Thi Thu Suong, Ms.
Tran Thi Thu Hine and Mr. Nguyen Hoang Vu
Article 10: The Board of Directors and
Supervisory Board take responsibility for performing this resolution and
information disclosure as regulated.
Article 11: The General Mandate takes effect as
from the signing date.
HNX
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