VNS: Resolution of Annual General Meeting 2019

Vietnam Sun Corporation announces the resolution of Annual General Meeting 2019, which was convened on April 26, 2019, as follows:

Article 1: Approving the report of the Board of Directors.

Article 2: Approving the report of the Board of Supervisors.

Article 3: Approving the business performance in 2018; the audited financial statements in 2018.

Article 4: Approving the business plan for 2019

Unit: billion dongs

Item

Reality in 2018

Plan for 2019

% compared to 2018

- Revenue of Vinasun Corp

1,813.84

1,895

104.5%

- Revenue of Vinasun Green

259.5

245

94.4%

 I – Total revenue

2,073.34

2,140

103.2%

- Other incomes

206.05

90.5

43.92%

II – Total revenue and incomes

2,279.39

2,230.5

97.85%

III – Profit before tax

115.25

124.5

108%

+ Profit before tax from business activities

 

10.02

 

77.1

 

769.46%

+ Profit before tax from other incomes

 

105.23

 

47.4

 

45%

IV – Total profit after tax

 

89.08

 

99.6

 

111.8%

 Article 5: Approving the dividend rate for fiscal year 2018

-       Pay-out ratio: 10% (VND1,000 for a share), in cash

Article 6: Approving the plan for profit distribution, bonus and welfare for employees in 2019.

Investment development fund

 

1%

 

Profit after tax

Remuneration for the Board of Directors and Board of Supervisors

1.5%

 

Profit after tax

Dividend rate for 2019

10%

Charter capital

Bonus for the Management Board

5%

The part of profit after tax exceeding the plan

 

Article 7: Approving to select Ernst & Young Vietnam Co., Ltd. as the audit firm for VNS in 2019.

Article 8: Approving to increase the number of members of the Board of Directors; approving the additional election result of independent member of the Board of Directors for the term of 2017 - 2022.

Article 9: Approving the additional election result of independent member of the Board of Supervisors for the term of 2017 - 2022. .

Article 10: This resolution shall take effect from April 26, 2019.

 

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