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LSS: Resolution of Annual General Meeting 2014 Lam Son Sugar Joint Stock Corporation announced the resolution of the 2014 annual general meeting dated April 28, 2014:
Article
1: AGM approved reports of the
Board of Directors, reports on the
audited financial statements in fiscal year 2013, report on profit and loss in
2013, and business plan for 2014: 1) Business
result in 2013 By: dongs
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Total
income including Value Added Tax (VAT)
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1,611,740,761,328
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Net
income
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1,529,629,975,516
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Profit
before tax
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52,172,847,091
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Profit
after tax
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39,438,813,101
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EPS
( dongs/share)
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789
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Total
assets
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1,985,248,573,298
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Owners’
equity
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1,286,310,197,878
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2) Business
plan for 2014. Unit:
VND
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Targets
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Plan
for 2014
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Income
including tax
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1,615,000,000,000
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Net
income
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1,538,095,000,000
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Profit
before tax
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55,000,000,000
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Profit
after tax
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42,900,000,000
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Dividend
(%)
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5.5
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State
budget payable
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70,000,000,000
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Article
2: AGM approved reports of the
Board of Supervisors in 2013 and the
audited financial statements in fiscal year 2013 was audited by AASC Auditing
Firm Company Limited (AASC) Article
3: AGM approved the 2013 profit
distribution, dividend: By: dongs
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Business result in 2013
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Profit before tax in 2013
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500,777,333,393
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Current corporate income tax expenses
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12,734,033,990
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Profit after tax in 2013
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39,438,813,101
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Profit was distributed
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39,438,813,101
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Plan for profit distribution
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|
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Fund distribution
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9,859,703,275
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Financial
reserve fund (5%)
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1,971,940,655
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Investment & development fund (10%)
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3,943,881,310
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Bonus
fund (5%)
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1,971,940,655
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Welfare
fund (5%)
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1,971,940,655
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Dividend by cash 5.5% of owner
equity ( VND550/share)
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27,500,000,000
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Retained earnings
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2,079,109,826
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-
Retained earnings
after corporation income tax settlement will be added to investment &
development fund. Article
4: AGM approved remuneration of the Board of Directors and the Board of
Supervisors in 2014: 0.4% of total income including VAT. -
Remuneration of the Board of Directors: -
Chairman of the BOD: 15 million dongs/ month -
Deputy Chairman of the BOD: 10 million dongs/
month -
A member of the BOD: 8 million dongs/ month -
Remuneration of the Board of Supervisors: -
Head of the
Supervisory Board: 10 million dongs/ month -
A member of the Supervisory Board: 5 million dongs/ month. -
Bonus fund of Board of Directors and the
Board of Supervisors for exceeding profit target: 20% of the exceeded profit. Article
5: The Meeting approved to choose an auditing
firm for fiscal year 2014: The Meeting authorized the Board of Directors to
choose one of four auditing companies to audit its financial statements in
2014. -
AASC Auditing Firm Company
Limited -
Ernst & Young
Viet Nam Company Limited -
Deloitte Viet Nam
Company Limited -
VACO Auditing
Company Limited Article
6: The Meeting approved the resignation reports of members of the Board of
Directors Article
7: The Meeting approved the election list of the Board of Directors in term
2011-2015; -
Mr. Le Van Tam -
Ms. Le Thi Tien -
Mr. Phung Thanh Hai -
Mr. Le Dinh Truong -
Mr. Le Trong Bai. Article
8: This resolution takes effect as from April 28, 2014.
HOSE
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