Binh Duong Water Environment Joint Stock Company announces the resolution of the 2019 Annual General Meeting of Shareholders dated March 15, 2019 as follows:
Article 1: Approving the report of Chairman of the BOD.
Article 2: Approving the report of result business in 2018:
- Revenue: VND2,247 billion
- Profit after tax: VND313 billion
- Retained Earnings (after dividend payment): VND30,045,044,563
- Dividend: 7% of charter capital
Article 3: Approving contents:
- Revenue: increasing 10% compared to 2018
- Profit before tax: increasing 10% compared to 2018
- Dividend: 10% of charter capital
- Approving the profit distribution in 2018:
- Profit after tax: 313,225,200,500 dongs
- The profit distribution:
+ Development Investment Fund (35% of profit after tax): 109,628,820,175 dongs
+ Welfare & Bonus Fund: 46,983,780,075 dongs
+ Bonus for the Management Board: 15,661,250,025 dongs
+ Dividend (7% of charter capital): 105,000,000,000 dongs
+ Retains earning: 35,951,340,225 dongs
- Approving the profit distribution plan for 2019:
- The 2019 dividend: 10%/charter capital
- The profit distribution: 55% of profit after tax
+ Development Investment Fund: 35% of profit after tax
+ Welfare & Bonus Fund: 15% of profit after tax
+ Bonus for the Management Board: 5% of profit after tax
+ The remaining after-tax profit after the distribution of Development Investment Fund
- Approving Wage Fund in 2019:
+ Wage fund of staffs: 11% of revenue
+ Wage of the Management Board: 0.4% revenue
- Approving the remuneration for members of the Board of Directors & Board of Supervisors in 2019:
- Wage:
+ Chairman of the BOD: 01 person
+ Head of the BOS: 01 person
- The remuneration:
+ Members of the BOD: 06 persons
+ Members of the BOS: 02 persons
+ Secretary: 01 person
Article 4: Approving to authorize the Board of Directors to choose an AASC auditing firm company limited (AASC) for BWE’s financial statements in 2019.
Article 5: Approving the amendment to the Company’s Charter.
Articles 6: This Resolution will be effective from March 15, 2019.