MAS: General Meeting of Shareholders 2017

On 21 Apr 2017, announced General Meeting of Shareholders Mandate of 2017 as follows:

  1. Approve report of Board of Directors, Management Board and audited financial statements of 2017:

No. / Norm / 2016
Revenue from merchandise and services / 296,112,017,967
Financial income and other income / 3,657,452,022
Total expenses / 244,141,685,950
Total profit before tax / 55,623,784,039
Corporate tax / 10,959,573,950
Profit after tax / 44,664,210,089
Basic earnings per share / 14,442
Profit after tax to owners’ capital / 144.42
Owners’ capital / 30,088,160,000
Average income/ person/ month / 7,627,899
  1. Approve report of Supervisory Board 2016
  2. Approve the plan for using profit of 2016

Unit: dongs

No. / Norm / Value
Total profit before tax / 55,623,784,039
Corporate tax / 10,959,573,950
Profit after tax (1-2) / 44,664,210,819
Pay the profit for business collaborators at vocational training centers / 43,545,179,270
Retained Profit after tax (3-4) / 4,393,200,000
6 / Add to funds / 300,000,000
-Welfare fund / 193,200,000
-Bonus for Board of Directors, Management Board , / 39,060,979,270
-Remuneration for Board of Directors, Management Board / 464,468,618
7 / Retained profit / 193,200,000
8 / Retained profit from previous years / 39,060,979,270
9 / Total profit to pay dividend (9+10) / 464,468,447,888
10 / Profit paid in advance (1st and 2nd stage) / 24,070,528,000
11 / Expected payment for 3rd stage / 15,363,658,000
12 / Retaining profit trans / 91,261,088
  1. The plan for 2017
  2. Revenue- Profit and investment plan:

Norm / The plan / % the plan of 2017/ performance 2016
  1. Total average owners’ capital
/ 43,528 / 140.9
-In which: owners’ capital / 42,725 / 142
  1. Quantity of meal proportion
/ 2,646,656 / 106.31
  1. Revenue
/ 269,018 / 89.74
  1. Total expense
/ 226,131 / 92.62
Profit before tax / 42,887 / 77.1
Profit after tax / 34,573 / 77.41
Total remuneration / 63,159 / 100
Total average labor (person) / 745 / 111.86
Total investment / 79,513 / 360.24
Total dividend/ charter capital / 78.2 / 67.41
  1. Approve operation plan for 2017- 2020:

Unit: Million dongs

No. / Norm / 2017 / 2018 / 2019 / 2020 / Growth rate
1 / Total quantity / 2,646,656 / 2,941,196 / 3,271,166 / 3,641,303 / 111%
-Supply for VNA / 1,834,856 / 2,018,341 / 2,220,175 / 2,442,193 / 110%
-Supply for other customer / 811,800 / 922,855 / 1050,175 / 1,199,110 / 113%
2 / Total revenue / 269,017 / 301,484 / 337,546 / 375,308 / 111%
3 / Total expense / 226,130 / 255,815 / 287,323 / 320,100 / 112%
4 / Profit before tax / 42.887 / 45,669 / 50,222 / 55,207 / 109%
5 / Profit after tax / 34,573 / 36,835 / 40,508 / 44,259 / 109%
6 / Owners’ capital / 42,725 / 62,725 / 92,725 / 92,725 / 131%
7 / Profit after tax/ investment / 100,38% / 72.81 / 54.16% / 59.54 / 85%
8 / Total investment value / 79,513 / 81,000 / 85,000 / 62,000 / 93%
  1. Approve the plan for paying remuneration for Board of Directors, Supervisory Board of 2017: 193,200,000 dongs

Title / Number of people / Salary/ person/month / Total remuneration/ month
Chairman of Board of Directors / 1 / 3,500,000 / 42,000,000
Members of Board of Directors / 4 / 2,000,000 / 96,000,000
Head of Supervisory Board / 1 / 1,800,000 / 21,600,000
Members of Supervisory Board / 2 / 1,400,000 / 33,600,000
Total / 193,200,000
  1. Approve changing Article 5.1 of the Charter as follows:

Article 5.1 before changing / Article 5.1 after changing
As from the date of approval of this charter, the charter capital of the company is 30,088,160,000 dongs
Total charter capital of the company is divided into 3,088,816 shares with a par value of 10,000 dongs / As from the date of this charter, the charter capital of the company is 42,676,830,000 dongs
Total charter capital of the company is divided into 3,088,816 shares with a par value of 10,000 dongs
  1. Approve the plan for selecting company of 2017: select one of the following companies:

-RSM Vietnam Limited Company

Address: 5th Floor, Sai Gon 3 Building, 150 Nguyen Van Thu, Dakao ward, District 1, Ho Chi Minh City

Or: 197 Le Dinh Ly, Hoa Thuan Tay Ward, Hai Chau District, Da Nang city

-AAC Vietnam Limited Company

Address: Lot No. 78- 80 30/4 Street, Hai Chau District, Da Nang City

  1. General Meeting of Shareholders 2017 approve dismissing Ms. Phan Thi Hong as members of Board of Directors
  2. Appoint Mr. Tran Thanh Hai as members of Board of Directors term 2016- 2021

This mandate was approved at General Meeting of Shareholders 2017. Board of Directors is responsible for carrying out this mandate