On March 29, 2022, Duc Giang Chemicals Group Joint Stock Company announces the Resolution of the Annual General Meeting 2022 to approve the following contents:
- The AGM approved the report on the BOD activities.
- The AGM approved the report from the Supervisory Board.
- The AGM approved the report the audited financial statements in 2021.
- The AGM approved the business result in 2021
- Parent company:
- Net sales: 467,573,835,597 dongs
- Profit before tax: 570,654,295,880 dongs
- Profit after tax: 559,037,543,125 dongs.
- Consolidated:
- Net sales: 9,550,386,235,749 dongs
- Profit before tax: 2,637,112,897,716 dongs
- Profit after tax: 2,513,776,233,600 dongs.
- The AGM approved the plan for 2021 profit distribution:
|
No.
|
Content
|
Amount (VND)
|
|
1
|
Undistributed profit after tax
|
2,282,890,157,626
|
|
2
|
Corporate income tax is exempted, appropriation to Investment and Development fund
|
125,417,345,625
|
|
3
|
Remaining profit before fund appropriation
|
2,157,472,812,001
|
|
4
|
Appropriation to funds:
|
129,448,368,720
|
|
-
|
Investment and Development fund
|
0
|
|
-
|
Reward and Welfare fund (6%)
|
129,448,368,720
|
|
5
|
Remaining profit after appropriation to funds
|
2,028,024,443,281
|
|
6
|
Remaining undistributed profit from 2020 transferred
|
708,513,295,066
|
|
7
|
Remaining profit to distribute
|
2,736,537,738,347
|
|
8
|
Dividend in 2021 (127%); Of which:
|
2,172,711,973,000
|
|
-
|
To pay cash dividend 10%
|
171,079,683,000
|
|
-
|
To pay stock dividend 117%
|
2,001,632,290,000
|
|
9
|
Retaining profit
|
563,825,765,347
|
- The AGM approved the plan for stock issuance to pay dividend in 2021:
- Stock name: Duc Giang Chemicals Group Joint Stock Company
- Stock type: common share
- Par value: VND10,000/share
- Number of shares issued: 171,080,556 shares
- Number of treasury shares: 873 shares
- Number of outstanding shares: 171,079,683 shares
- Number of shares expected to be issued: 200,163,229 shares
- Total value of issuance (at par value): VND2,001,632,290,000
- Issue ratio: 117% (Those who own 100 shares will receive 117 new shares)
- Time of implementation: expected in 2022, after being approved the State Securities Commission of Vietnam (SSC)
- Plan to deal with fractional shares: The distributed shares will be rounded down to units, the fractional shares (if any) will be cancelled.
- For example: at the record date, shareholder A owned 101 shares. With 117% performing ratio, the shareholder A will receive: 101 *117% = 118.17 shares. According to rounding policy, the shareholder A receives 118 new shares and the fractional shares of 0.17 share will be cancelled.
- Place of payment:
+ Shareholders whose shares have been deposited: at the securities firms where the shares have been deposited
+ Shareholders whose shares have not been deposited: at Duc Giang Chemicals Group Joint Stock Company.
- The AGM approved the business plan in 2022:
- Total revenue (consolidated): 12,117 billion dongs
- Profit after tax: 3,500 billion dongs
- Estimated dividend: 30%
- The AGM approved the resignation of Mr. Khuc Ngoc Giang as member of BOD for the term 2019-2024.
- The AGM approved the additional election of Mr. Luu Bach Dat as member of BOD for the term 2019-2024.
- The AGM approved the stock issuance under ESOP plan in 2022:
- Stock name: Duc Giang Chemicals Group Joint Stock Company
- Stock type: common share
- Par value: VND10,000/share
- Number of shares issued: 171,080,556 shares
- Number of outstanding shares: 171,079,683 shares
- Number of treasury shares: 873 shares
- Number of shares expected to be issued: 8,550,000 shares
- Total value of issuance (at par value): VND85,500,000,000
- Issue ratio: 5%
- Issue price: VND10,000/share
- Time for transfer restriction: 03 years from the ending date of the issuance
- Time of implementation: 2022.
- The AGM approved the remuneration and other incomes of the BOD, Supervisory Board in 2021:
- BOD: 5,985,895,497 dongs
- Supervisory Board: 1,005,531,417 dongs.
- The AGM approved the selection of one of audit firms for the financial statements in 2022:
- KPMG Vietnam Company Limited;
- Deloitte Vietnam Company Limited;
- PwC Company Limited;
- Ernst & Young Vietnam Company Limited.