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KDC: Resolution on the AGM in 2022 On March 23, 2022, KIDO Group Corporation announces the Resolution of the Annual General Meeting 2022 to approve the following contents:
- The AGM approved the report on the BOD activities in 2021.
- The AGM approved the report from the Supervisory Board in 2021.
- The AGM approved the audited financial statements in 2021 by Ernst & Young Vietnam Company Limited.
- The AGM approved the business result in 2021:
- Net sales: 10,497 billion dongs
- Profit before tax: 688 billion dongs
- Profit after tax: 653 billion dongs
- Total assets: 14,073 billion dongs
- Owner’s equity: 6,895 billion dongs.
- The AGM approved the plan for 2021 profit distribution:
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No.
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Content
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Amount (VND)
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1
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Undistributed profit at 12/31/2021
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1,790,232,958,705
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2
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To pay cash dividend 6% (600 dongs/share)
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150,974,406,000
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3
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To issue shares for increasing capital from the owner’s equity 10%
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251,624,010,000
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4
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Appropriation to Reward and Welfare
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17,900,575,814
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5
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Remuneration of the BOD in 2021
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11,800,000,000
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6
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Remuneration of the Supervisory Board in 2021
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120,000,000
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7
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Remaining undistributed profit
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1,357,813,966,891
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- The AGM approved the consolidated financial statements in 2022:
- Net sales: 14,000 billion dongs
- Profit before tax: 900 billion dongs.
- To pay cash dividend for 2022: 6%/par value (600 dongs/share).
- The AGM approved the plan for stock issuance to raise capital from the owner’s equity and stock issuance under ESOP:
- Stock name: KIDO Group Corporation
- Stock type: common share
- Par value: VND10,000/share
- Charter capital before the issuance: VND2,797,413,560,000
- Total shares issued: 279,741,356 shares; Of which:
- Number of outstanding shares: 251,624,010 shares
- Number of treasury shares: 28,117,346 shares.
- Charter capital after the issuance (estimated): VND3,149,687,174,000.
- Plan for stock issuance to raise capital from the owner’s equity:
- Expected issue volume: 25,162,401 shares
- Total value of issue (at par value): VND251,624,010,000
- Issue ratio: 10%
- Exercise ratio: 10:01 (Those who own 10 shares will receive 01 new share.)
- Plan to deal with fractional shares: The distributed shares will be rounded down to units, the fractional shares (if any) will be cancelled.
- For example: at the record date, shareholder A owned 109 shares. With 10% performing ratio, the shareholder A will receive: 109 *10% = 10.9 shares. According to rounding policy, the shareholder A receives 10 new shares. The fractional shares of 0.9 share will be cancelled.
- Time of implementation: expected in 2022, after being approved by the State Securities Commission of Vietnam (SSC).
- Stock issuance under ESOP:
- Expected issue volume: 10,064,960 shares
- Total value of issue (at par value): VND100,649,604,000
- Issue ratio: 4%
- Issue price: VND15,000/share
- Time for transfer restriction: 01 year from the ending date of the issuance.
- The AGM approved the purchase of shares of Tuong An Vegetable Oil Joint Stock Company (stock code: TAC) and Vietnam Vegetable Oils Industry Corporation – Joint Stock Company (VOC) to raise the ownership ratio without making the public tender offer.
- The AGM approved the selection of one of the audit firms for the financial statements in 2022:
- Ernst & Young Vietnam Company Limited;
- PwC Vietnam Company Limited;
- Deloitte Vietnam Company Limited;
- KPMG Vietnam Company Limited. HOSE
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