Hung Hau Agriculture Joint Stock Company organizes the Annual General Meeting of Shareholders in the fiscal year 2020

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
Mr. Tu Thanh Phung – General Director of Hung Hau Agricultural Joint Stock Company reports on business and production situation in 2019 and the target for 2020.

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
The Company’s representative is grateful for the members’ contributions at the Meeting’s Shareholders in the old term.
Congratulation celebration for the BOD’s new members in the new term 2020-2025.
Mr. Trần Văn Hậu – President, sharing medium & long term development plans in the near future.

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.

“Thank you for the unity and trust in the choices of shareholders and this is also the honor and responsibility of the Board of Directors in  the term 2020 – 2025…” Ms. Phạm Thị Minh Nguyệt- new chairwoman of HungHau Agriculture Joint Stock Company, sharing.