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VTF: Resolution of Annual General Meeting 2015 Viet Thang Feed Joint Stock Companyannounced Resolution of the 2015 Annual General Meeting of Shareholders on March 18, 2015 as follows:
Article 1: The AGM approved the report of the Board of Supervisors in 2014
Article 2: The AGM approved the report of the Board of Directors in 2014
Article 3: The AGM approved the 2014 audited financial statements
Article 4: The AGM approved the profit and loss in 2014
Unit: million dongs
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No.
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Item
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Year 2014
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1
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Sales (tons)
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410,090
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2
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Net revenue
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4,422.44
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3
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Profit before tax
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171.66
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3
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Profit after tax
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154.17
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Article 5: Approved the profit distribution in 2014:
- Profit after tax in 2014: VND154,176,790,339
- Financial reserve fund 10% of profit: VND15,417,679,034
- Investment & development fund 10% of profit: VND15,417,679,034
- Bonus & welfare fund 3% of profit: VND4,625,303,710
- Bonus for the BOD, BOS 2% of profit after tax in the plan and 5% of excess profit: VND3,898,000,000
- Total funds and bonus, which were extracted from profit in 2014: VND39,358,661,778
- Accumulated profit of last year: VND114,284,748,507
- Dividend in cash 10%: VND41,812,781,000
- Undistributed profit: VND187,290,096,068
Article 6: The AGM approved the plan for business in 2015:
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No.
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Item
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2015 Plan
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1
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Sales (tons)
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500,000
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2
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Net revenue (billion dongs)
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5,320
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3
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Profit before tax (billion dongs)
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250
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4
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Profit after tax (billion dongs)
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200
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Article 7: Approved the plan for profit distribution in 2015:
- Profit after tax in 2015: VND200,000,000,000
- Financial reserve fund 10% of profit after tax
- Investment & development fund 10% of profit after tax
- Bonus & welfare fund 3% of profit after tax
- Dividend in cash 20% of charter capital (VND2,000/share)
- Bonus for the BOD, BOS 2% of profit after tax in the plan and 5% of excess profit.
Article 8: The AGM approved the remuneration of the Board of Directors, the Board of Supervisors in 2015: VND474,000,000/year, in which:
- The Board of Directors:
- BOD Chairman: VND 7,500,000/month
- Member of the BOD: VND 5,000,000/month
- The Board Secretary: VND 2,000,000/month
- The Board of Supervisors:
- Head of the BOS: VND 4,000,000/month
- Member of the BOS: VND 3,000,000/month
Article 9: The AGM approved to authorize the BOD to choose one of the four following auditing companies in fiscal year 2015:
- Ernst & Young Viet Nam Co., Ltd
- Deloitte Viet Nam Co., Ltd
- AASCS
- A& C
Article 10: The AGM approved to change its financial year: staring from October 01 of N year to September 30 of N+1 year
Article 11: The AGM approved major shareholders – Hung Vuong JSC to buy shares without offering to buy. HOSE
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