APC: Resolution of the BOD

APC: Resolution of the BOD

An Phu Irradiation Joint Stock Company (API.Co.) has announced the resolution of the BOD dated March 03, 2012 as follows:

Article 1: The BOD approved the 2011 financial items according to the audit financial statements:

-         Revenue                                          : VND122,798,759,347

-         Profit before tax                               : VND38,169,083,529

-         Profit after tax                                  : VND35,178,633,718

-         EPS                                               : VND3,073/share

-         The first interim dividend of 2011 in June 2012 is 10%

-         Record date for the first payment dividend of 2011 and hold the 2012 Annual General Meeting : March 20, 2012

-         Meeting date expected: April 21, 2012. Assigned the Management Board to prepare the necessary procedures for the General Meeting.

Article 2: About An Phu Binh Minh project, The BOD authorized the CEO and the project management board should establish procedure completion and settlement works according resolution dated March 18, 2011

-         After completion, the BOD suggested the CEO of An Phu Irradiation Joint Stock Company asset allocation plan for An Phu Binh Minh Co., Ltd and to submit it to the Board of Directors.

-         Article 3: The BOD approved to set up the operation model of parent company and subsidiary. In which An Phu Irradiation Joint Stock Company is parent company and An Phu Binh Minh Co., Ltd is subsidiary. The Board of Directors authorized the CEO to make a particular plan and submit it to the Board of Directors. The latest time: April 01, 2012.

Article 4: Proposal the Management Board of An Phu Irradiation Joint Stock Company established the internal control components operating under Enterprise Law.

Article 5: The BOD assigned Mr. Le Van Mung – a member of the BOD give support  for An Phu Binh Minh Co., Ltd.

Article 6: The BOD approved the 2012 targets for An Phu Irradiation Joint Stock Company with the following items:

-         Revenue                                          : VND119,000,000,000

-         Profit before tax                               : VND38,300,000,000

-         Profit after tax                                  : VND29,800,000,000

-         Expected dividend ratio                     : 20% in cash

-         The 2012 targets for An Phu Binh Minh Co., Ltd:

-         Revenue                                          : VND53,300,000,000

-         Profit before tax                               : VND11,100,000,000

-         Profit after tax                                  : VND8,300,000,000

-         This resolution takes effect from dated March 03, 2012.

HOSE