On the morning of December 28, Hung Hau Agricultural Joint Stock Company held the Annual General Meeting of Shareholders in the fiscal year 2020 at Rex Hotel Saigon. With the participation of 111 shareholders who own and represent, hold 20,500,743 shares, accounting for 97.16% of the total voting shares of the Company.
After working seriously, the Meeting conducted discussions, votes and approved 14 important contents:
- Report on the activities of the Board of Directors on activities in 2019 and orientations for the plan for 2020,
- Audited financial statements 2019,
- Operation report of the Supervisory Board in 2019,
- Statement of profit distribution and deduction for funds in 2019,
- Statement of issuing shares to pay dividends,
- Public offering of stocks,
- Proposal to select the auditing unit of financial statements in 2020,
- Statement of changing the management structure of the Company,
- Statement of remuneration, bonus of the Board of Directors, Secretary of the Board of Directors in 2020,
- Statement of setting up subcommittees under the BOD,
- Statement of investment in An Hao Industrial Cluster Project,
- Statement of election of members of the Board of Directors for the term 2020 – 2025,
- Result of election of the Board of Directors for the 2020-2025 term,
- Other issues under the authority of the General Meeting of Shareholders (If any)
In which some contents are interested by the majority of shareholders as follows:
Business activities in 2019 (From October 1, 2018 to September 30, 2019):
| Numerical order | Targets | Unit | Implementing in 2019 |
| 1 | Total revenue | Mil. VND | 1.110.644 |
| 2 | Profit before tax | Mil. VND | 31.356 |
Business activities in 2020 (From October 1, 2019 to September 30, 2020):
| Numerical order | Targets | Unit | Plan in 2020 |
| 1 | Total revenue | Mil. VND | 1.100.000 |
| 2 | Profit before tax | Mil. VND | 33.000 |
According to Mr. Tran Thanh Huong: With the support and trust of Shareholders, the Board of Directors and all officials and employees of Hung Hau Agricultural Joint Stock Company have united, strived and made many efforts. solutions, operating policies, research and development of new products, expanding new markets, reasonable cost management, …Through profit distribution and deduction for funds in 2019: (See details here)Thông qua phương án phát hành cổ phiếu để trả cổ tức năm 2019:
Approving the plan of issuing stocks to pay dividends in 2019: – Charter capital before issuance: VND 211,012,440,000- Charter capital after issuance: 221,562,110,000 VND
The Annual General Meeting approved the change of management structure from the supervisory board model to the sub-boards under the Board of Directors and the establishment of sub-boards under the BOD: Audit sub-board, Strategy sub-board, Human Resources – Remuneration sub-board.
Investing in An Hao Industrial Cluster Project – Long Huu Dong Commune, Can Duoc District, Long An Province. With the scale of investment is the total area of 75 hectares, total investment capital: VND 735,000,000,000, expected operating time in September 2021.The shareholders are voting.
The election results for members with the Board of Directors for the 2020-2025 term as follows:
| No. | Candidate name | Position |
| 1. | Ms. Pham Thi Minh Nguyet | Chairwoman |
| 2. | Mr. Tran Thanh Huong | Vice chairman |
| 3. | Mr. Tu Thanh Phung | Member of BOD |
| 4. | Mr. Ton That Dien Khoa | Member |
| 5. | Ms. Huynh Thanh | Member |
At the end of the meeting, Ms. Phạm Thị Minh Nguyệt, who is on behalf of the Board of Directors, has her speeches and thanks for the shareholders, valued guests, members & colleagues for their participation in the Annual General Meeting of Shareholders in financial year 2020 and send the best wishes in the new year.
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