Tuong An Vegetable Oil Joint Stock Company has announced the resolution of Annual General Meeting 2014 as follows:
Article
1: Approving the profit and loss, the 2013 audited financial statements, report
of the Board of Directors on operation, report of the Board of Supervisors
operation in 2013:
-
Output:
164,852tons
-
Revenue:
VND4,291,079,223,546
-
Profit
before tax: VND86,208,279,320
-
Profit
after tax: VND65,858,089,797
Article
2: Approving the business plan, profit and dividend for 2014:
-
Output:
150,000 tons
-
Revenue:
VND4,100 billion
-
Profit
after tax: VND50 billion
-
Dividend:
16%
-
Bonus fund for exceeding profit target: 5% of the exceeded
profit after tax to the BOD, the Management Board and the Supervisory Board
after distributed to funds and paid 16% dividend.
Article
3: Approving the plan of profit distribution, funds and dividend for 2013:
1)
Profit
distribution:
-
Profit
before tax: VND86,208,279,320
-
Current
corporation income tax expense: VND20,350,189,523
-
Profit
after tax: VND65,858,089,797
-
Distribution
to funds: VND10,448,072,505
-
Investment
& development fund (10%): VND6,585,808,980
-
Reserve
fund supplementing charter capital: VND569,359,035
-
Bonus
& welfare fund (5%): VND3,292,904,490
-
Retained
earnings after distributing: VND55,410,017,292
-
Total
retained earnings for payment dividend: VND45,960,720,848
-
Dividend
16%: VND30,368,320,000
-
Retained
earnings after paying dividend: VND25,041,697,292
2)
Dividend
for 2013:
-
Ex-right
date: March 25, 2014
-
Record
date: March 27, 2014
-
Payment
rate: 16% (VND1,600/share)
-
Payment
method: by cash
-
Payment
date: May 16, 2014
3)
If
profit is exceeded the target, bonus to the Board of Directors, the Board of
Supervisors and the Management Board will be by VND1,252,000,000
Article
4: Approving the remuneration for the Board of Directors, the Board of
Supervisors paid in 2013 and the plan pay in 2014:
1)
Total
remuneration paid of the Board of Directors in 2013: VND444 million
-
BOD
Chairman: VND6 million/month
-
Member:
VND4 million/month/person
-
Secretary:
VND3 million/month
-
Secretary
assistant: VND2 million/month
-
Assistants:
VND10 million/month
-
Total
remuneration for the Board of Supervisors in 2013:VND96 million
-
Head:
VND4 million/month
-
Member:
VND2 million/month/person
2)
Plan
of remuneration for the BOD and the BOS in 2014:
-
The
BOD: VND444 million
-
BOD
Chairman: VND6 million/month
-
Member:
VND4 million/month/person
-
Secretary:
VND3 million/month
-
Secretary
assistant: VND2 million/month
-
Assistants:
VND10 million/month
-
Total
remuneration for the Board of Supervisors in 2041: VND96 MIILION
-
Head:
VND4 million/month
-
Member:
VND2 million/month/person
Article
5: Selecting an auditing firm for 2014: Assigning the BOD to decide the
choosing an auditing firm for the fiscal 2014.
Article
6: This resolution took effect from April 26, 2014.
