BWE: Resolution of Annual General Meeting 2019

Binh Duong Water Environment Joint Stock Company announces the resolution of the 2019 Annual General Meeting of Shareholders dated March 15, 2019 as follows:

Article 1: Approving the report of Chairman of the BOD.

Article 2: Approving the report of result business in 2018:

-       Revenue: VND2,247 billion

-       Profit after tax: VND313 billion

-       Retained Earnings (after dividend payment): VND30,045,044,563

-       Dividend: 7% of charter capital

Article 3: Approving contents:

• Business plans in 2019:

-       Revenue: increasing 10% compared to 2018

-       Profit before tax: increasing 10% compared to 2018

-       Dividend: 10% of charter capital

• Approving the profit distribution in 2018:

-       Profit after tax: 313,225,200,500 dongs

-       The profit distribution:

+ Development Investment Fund (35% of profit after tax): 109,628,820,175 dongs

+ Welfare & Bonus Fund: 46,983,780,075 dongs

+ Bonus for the Management Board: 15,661,250,025 dongs

+ Dividend (7% of charter capital): 105,000,000,000 dongs

+ Retains earning:  35,951,340,225 dongs

• Approving the profit distribution plan for 2019:

-       The 2019 dividend: 10%/charter capital

-       The profit distribution: 55% of profit after tax

+ Development Investment Fund: 35% of profit after tax

+ Welfare & Bonus Fund: 15% of profit after tax

+ Bonus for the Management Board: 5% of profit after tax

+ The remaining after-tax profit after the distribution of Development Investment Fund

• Approving Wage Fund in 2019:

+ Wage fund of staffs: 11% of revenue

+ Wage of the Management Board: 0.4% revenue

• Approving the remuneration for members of the Board of Directors & Board of Supervisors in 2019:

- Wage:

+ Chairman of the BOD: 01 person

+ Head of the BOS: 01 person

-       The remuneration:

+ Members of the BOD: 06 persons

+ Members of the BOS: 02 persons

+ Secretary: 01 person

Article 4: Approving to authorize the Board of Directors to choose an AASC auditing firm company limited (AASC) for BWE’s financial statements in 2019.

Article 5: Approving the amendment to the Company’s Charter.

Articles 6: This Resolution will be effective from March 15, 2019.

HOSE

>   SMA: The record date for the 2019 AGM and dividend payment (19/03/2019)

>   DPP: Financial Statement FY 2018 (19/03/2019)

>   FBC: Notice of record date for Annual General Meeting of Shareholders 2019 (19/03/2019)

>   GVT: Notice of record date for Annual General Meeting of Shareholders 2019 (19/03/2019)

>   DNH: Financial Statement FY 2018 (holding company) (19/03/2019)

>   DNS: Notice of record date for Annual General Meeting of Shareholders 2019 (19/03/2019)

>   DNH: Financial Statement FY 2018 (19/03/2019)

>   DNN: Notice of record date for Annual General Meeting of Shareholders 2019 (19/03/2019)

>   DC1: Financial Statement FY 2018 (19/03/2019)

>   DDV: Notice of record date for Annual General Meeting of Shareholders 2019 (19/03/2019)