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DGC: Resolution on the AGM in 2022 On March 29, 2022, Duc Giang Chemicals Group Joint Stock Company announces the Resolution of the Annual General Meeting 2022 to approve the following contents:
- The AGM approved the report on the BOD activities.
- The AGM approved the report from the Supervisory Board.
- The AGM approved the report the audited financial statements in 2021.
- The AGM approved the business result in 2021
- Parent company:
- Net sales: 467,573,835,597 dongs
- Profit before tax: 570,654,295,880 dongs
- Profit after tax: 559,037,543,125 dongs.
- Consolidated:
- Net sales: 9,550,386,235,749 dongs
- Profit before tax: 2,637,112,897,716 dongs
- Profit after tax: 2,513,776,233,600 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 after tax
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2,282,890,157,626
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2
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Corporate income tax is exempted, appropriation to Investment and Development fund
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125,417,345,625
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3
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Remaining profit before fund appropriation
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2,157,472,812,001
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4
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Appropriation to funds:
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129,448,368,720
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|
-
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Investment and Development fund
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0
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|
-
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Reward and Welfare fund (6%)
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129,448,368,720
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|
5
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Remaining profit after appropriation to funds
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2,028,024,443,281
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6
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Remaining undistributed profit from 2020 transferred
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708,513,295,066
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7
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Remaining profit to distribute
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2,736,537,738,347
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8
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Dividend in 2021 (127%); Of which:
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2,172,711,973,000
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-
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To pay cash dividend 10%
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171,079,683,000
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-
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To pay stock dividend 117%
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2,001,632,290,000
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9
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Retaining profit
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563,825,765,347
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- The AGM approved the plan for stock issuance to pay dividend in 2021:
- Stock name: Duc Giang Chemicals Group Joint Stock Company
- Stock type: common share
- Par value: VND10,000/share
- Number of shares issued: 171,080,556 shares
- Number of treasury shares: 873 shares
- Number of outstanding shares: 171,079,683 shares
- Number of shares expected to be issued: 200,163,229 shares
- Total value of issuance (at par value): VND2,001,632,290,000
- Issue ratio: 117% (Those who own 100 shares will receive 117 new shares)
- Time of implementation: expected in 2022, after being approved the State Securities Commission of Vietnam (SSC)
- 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 101 shares. With 117% performing ratio, the shareholder A will receive: 101 *117% = 118.17 shares. According to rounding policy, the shareholder A receives 118 new shares and the fractional shares of 0.17 share will be cancelled.
- Place of payment:
+ Shareholders whose shares have been deposited: at the securities firms where the shares have been deposited
+ Shareholders whose shares have not been deposited: at Duc Giang Chemicals Group Joint Stock Company.
- The AGM approved the business plan in 2022:
- Total revenue (consolidated): 12,117 billion dongs
- Profit after tax: 3,500 billion dongs
- Estimated dividend: 30%
- The AGM approved the resignation of Mr. Khuc Ngoc Giang as member of BOD for the term 2019-2024.
- The AGM approved the additional election of Mr. Luu Bach Dat as member of BOD for the term 2019-2024.
- The AGM approved the stock issuance under ESOP plan in 2022:
- Stock name: Duc Giang Chemicals Group Joint Stock Company
- Stock type: common share
- Par value: VND10,000/share
- Number of shares issued: 171,080,556 shares
- Number of outstanding shares: 171,079,683 shares
- Number of treasury shares: 873 shares
- Number of shares expected to be issued: 8,550,000 shares
- Total value of issuance (at par value): VND85,500,000,000
- Issue ratio: 5%
- Issue price: VND10,000/share
- Time for transfer restriction: 03 years from the ending date of the issuance
- Time of implementation: 2022.
- The AGM approved the remuneration and other incomes of the BOD, Supervisory Board in 2021:
- BOD: 5,985,895,497 dongs
- Supervisory Board: 1,005,531,417 dongs.
- The AGM approved the selection of one of audit firms for the financial statements in 2022:
- KPMG Vietnam Company Limited;
- Deloitte Vietnam Company Limited;
- PwC Company Limited;
- Ernst & Young Vietnam Company Limited. HOSE
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