TAC: Resolution on the AGM 2021

TAC: Resolution on the AGM 2021

On June 17, 2020, Tuong An Vegetable Oil Joint Stock Company announces the resolution of the Annual General Meeting 2021 as follows:

1)      Approving the report on the BOD activities in 2020.

2)      Approving the report from the Supervisory Board in 2020.

3)      Approving the audited financial statements in 2020.

4)      Approving the business plan for 2021:

-          Net revenue:                      5,266 billion dongs

-          Profit before tax:                  232 billion dongs

-          Dividend:                            20%.

5)      Approving the plan for 2020 profit distribution:

-          Profit before tax:                                                   221,036,455,529 dongs

-          Corporate income tax:                                            44,485,672,922 dongs

-          Profit after tax:                                                      176,550,782,607 dongs

-          To distribute funds:                                                 17,655,078,261 dongs

-          Remaining profit after the distribution:                158,895,704,346 dongs

-          Bonus fund for the BOD (1.5%):                             2,648,261,739 dongs

-          To pay dividend (20%):                                          67,752,296,000 dongs

-          Remaining profit after the dividend payment:       88,495,146,607 dongs.

-          The 2020 dividend payment in cash: 20% (VND2,000/share):

+ Record date: December 31, 2020

+ Payment date: January 15, 2021.

6)      Approving the remuneration of the BOD and Supervisory Board in 2020.

7)      Approving the remuneration of the BOD and Supervisory Board in 2021.

8)      Approving the selection of the auditor for the financial statements in 2021.

9)      Approving to invest in Dau Phu My factory: 625,192,700,000 dongs and Dau Vinh factory: 292,000,000,000 dongs.

HOSE