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TNC: Board Resolution _ Feb 10, 2015 Thong Nhat Rubber Joint Stock Company announced the board resolution dated February 10, 2015 as follows:
Article 1: The Board of Directors approved to report the result of implementation of salary payment in 2014 to the 2015 annual general meeting of shareholders.
Article 2: The Board of Directors approved to necessary procedures to auction rubber trees on an area of 272.77 ha having the capacity lower than 900 kg/ha/year in Hoa Binh rubber farm in Quarter I/2015.
Article 3: The Board of Directors approved to submit the owner of the State capital to vote on a salary payment plan for 2015.
- Reserve for bonus: VND997,078,000
- Salary fund for management: VND1,667,952,000
- Salary fund for production: VND25,894,243,000
- Salary fund for the Directorate: VND998,000,000
- Bonus fund for the Management Board: VND150,000,000
Business plan for 2015:
- Production of dried latex: 1,121 tons
- Revenue: VND105 billion
- Profit before tax: VND3.8 billion
- Budget payable: VND8.5 billion
- Total investment cost: VND20.951 billion
- Dividend for 2015: from 1% to 3% charter capital
Article 4: The Board of Directors approved the report on personnel management by Mr. Le Nhu Sinh.
Article 5: The Board of Directors approved the following issues:
- To implement procedures to cancel 10,450 kg PAC.
- To clear debts worth VND11,020,500 to Mr. Nguyen Thanh Sang and Mr. La Van Phuoc.
- To the distribution to the provision for bad debts in Hung Long Animal Feed Processing Plant: VND165,683,349; to the provision for devaluation of inventories due to expiration in Hung Long Animal Feed Processing Plant: VND468,271,497; and to the provision for devaluation of SVR3L inventories due to the decrease in selling price: VND988,045,019.
- To continue to decrease price to auction the feed processing line in Hung Long Animal Feed Processing Plant.
Article 6: Members of the Board of Directors, the Directorate are responsible for implementing this resolution. HOSE
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