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ADS: Resolution on the 2019 AGM
HSX - 4/24/2019 4:23:00 PM
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On April 20, 2019, Damsan Joint Stock Company announces Resolution of Annual General Meeting 2019 as follows:

  1. Approving the report on the Board of Directors activities in 2018 and plan for 2019.
  2. Approving the report from the Supervisory Board in 2018.
  3. Approving the business plan in 2019:

No

Content

Plan for 2019

% YoY

1

Net revenue

2,000 billion dongs

8.7%

2

Profit before tax

68 billion dongs

10%

3

Expected dividend

15-20%

0%

4

Average labor (person)

7 million dongs/month

8%

 

  1. Approving the audited financial statements in 2018.
  2. Approving to plan for the profit distribution and dividend payment in 2018:
    1. The profit distribution in 2018:

Content

Amount (million dongs)

Profit before tax

56,440.34

To pay the Corporate income tax

5,915.87

Profit after tax

50,524.47

Profit is distributed:

82,675.91

- Reserve Fund

-

- Development and Investment Fund (3%)

1,515.73

- Welfare and Reward Fund (2%)

1,010.48

- Profit after tax is distributed funds

47,998.26

Retaining profit of previous years

32,151.44

Total profit until 2018

80,149.70

To pay dividend

51,035.60

Profit moves next year

29,114.10

 

  1. To pay cash dividend for 2018: 20%
  2. To pay cash dividend for 2019: 15-20%
  3. Approving the remuneration of BODs and Supervisory Board in 2018:

-          BODs:                               VND456,000,000

-          Supervisory Board:           VND91,000,000

  1. Approving the selection of one of the auditing companies to audit financial statements in 2019.
  2. Approving the position of Chairman of BODs cum CEO.
  3. Approving the additional election of Mr. Pham Van Thuong as member of BODs.
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