SMA: Resolution of AGM 2013
Sài Gòn Machinery Spare Parts Joint Stock Company announced the resolution of the 2013 annual general meeting dated June 29, 2013:
Article 1: AGM approved the 2012 profit distribution and dividend, and fund distribution
- Total profit distribution: VND6,947,077,671
- Dividend (4%/par value): VND6,448,000,000
- Investment and development fund: VND0
- Financial reserve fund: VND499,077,671
- Bonus and welfare fund: VND0
Article 2: AGM approved the business plan for 2013:
- Total revenue: VND660 billion
- Profit before tax: VND15.627 billion
- Dividend: expected on 6%: VND9,672,000,000
- Payment interest of bonds and the 2011+2012 dividend from July, 2013 to December, 2013.
Article 3: AGM approved remuneration of the Board of Directors, the Board of Supervisors in 2013 which will pay the same as 2011: VND 180 million.
Article 4: AGM approved the BOD Chairman concurrently as CEO
Article 5: AGM approved Mr. Nguyen Van Luong replaced Mr. Dao Xuan Quy as a member of the BOD in the term from 2010 to 2015.
Article 6: AGM authorized the Board of Directors to choose AISC auditing firm for fiscal year 2013 and choose an auditing firm for Dakglun hydropower projects in Binh Phuoc.
Article 7: AGM approved to pay interest of bonds and the 2011+2012 dividend with rate 50%-50%.
Article 8: AGM authorized the Board of Directors to implement mail projects.
Article 9: AGM approved to amend the Articles of Association.
Article 10: The resolution is valid as from June 29, 2013.
HOSE
