On April 26, 2022, at Building 47 – Hai Au Bien Cuong Hotel, No.8 Bien Cuong Str., Quy Nhon city, Binh Dinh province, Construction Joint Stock Company 47 (HOSE: C47) has successfully organized the 2021 Business Review Meeting and the 2022 Employees Meeting.

Attending the Meeting were Mr. Pham Nam Phong – Chairman of the Board of Directors (BOD), Mr. Ta Nam Binh – Vice Chairman of the BOD, Mr. Duong Minh Quang – Member of the BOD cum General Director (GD), Mr. Vo Trong Hieu. – Member of the BOD cum Head of the Internal Audit Committee, Mr. Nguyen Huu Hai – Member of the BOD cum Deputy General Director, the members of the Management Board, the Internal Audit Committee and more 80 typical delegates who representing for the functional departments, the affiliated units of the Company arrived and attended.

Sharing at the Meeting, Mr. Pham Nam Phong – Chairman of the BOD highly appreciated the efforts of all employees of the whole company. The 2021 is a year heavily affected by the Covid-19 epidemic, so the business situation of the company also faced certain difficulties, but with the best cohesion and efforts of all employees, the Company have successfully completed the fixed goals and business plans. Chairman Pham Nam Phong further shared that, during the past time, the BOD has always created openness in discussions and debates to improve autonomy and democracy in order to improve efficiency in production and thereby have the basis to improve the income of employees as well as improve the trust of the Shareholders and the Investors into the Company.

The Meeting heard the 2021 Report on Assessment of Business Situation, the 2022 Business Orientation and Plan; the 2021 Summary Report of Trade Union activities, the 2022 Working Tasks; the Report on Financial Disclosure, Use of Welfare Funds and Bonus Funds for 2021.

Delegates participated in the discussion and commented on the the 2021 Report on Assessment of Business Situation, the 2022 Business Orientation and Plan; the 2021 Summary Report of Trade Union activities, the 2022 Working Tasks and agreed on a number of key issues such as: The 2022 Business Direction approved by the General Meeting of Shareholders on April 24, 2022; the 2022 Trade Union Tasks and Activities.

At the Meeting, the Company’s Emulation – Reward Board announced the commendation decisions for 02 collectives and 26 individuals with outstanding contributions to the Company’s 2021 Business Results.

On April 24, 2022, at the 11^th-Floor Hall, Building 47 – Hai Au Bien Cuong Hotel, No.8 Bien Cuong Str., Quy Nhon city, Binh Dinh province, Construction Joint Stock Company 47 (HOSE: C47) held the 2022 Annual General Meeting of Shareholders. Attendees at the General Meeting were 46 ownership and authorized delegates who representing 15,157,940 voting shares, accounting for 55.06% of total number of voting shares.

 

The General Meeting heard the 2021 Report of the Board of Directors (BOD) and the 2022 Management Plan; the 2021 Report of the Audit Committee and the 2022 Acting Plan; The Proposals of the BOD submitted to the General Meeting of Shareholders.

 

The General Meeting discussed, voted for approval and come into the General Meeting Resolution with the following main contents:

– Approved the 2021 Reports of the BOD and the Audit Committee and the 2021 Acting Plan.

– Approved the 2021 Consolidated Financial Statement and the audited 2021 Separate Financial Statement.

– Approved the 2021 Profit Distribution Plan and the 2022 Dividend Pay Plan, specifically: The minimum dividend payment rate for 2022 is 10% from profit after tax.

– Approved the shares issuance plan for 2021 dividends pay.

– Approved the shares issuance plan to increase the share capital from owners’ equity (bonus shares of 2021).

• Approved the 2022 Business Plan with the following targets:

+ Total Revenue: 1,400 billion VND.

+ Profit After Tax: 60 billion VND.

– Approved the authorization for the Board of Directors to select an Audit unit to review the Semi-Annual Financial Statements and audit the 2022 Financial Statements.

– Approved the 2021 remuneration for the Board of Directors and the plan for the 2022 remuneration for the Board of Directors.

– Approved the share offering plan to increase charter capital.

– Approved the election of additional members of the Board of Directors for the 2020-2025 term.

At the General Meeting, the shareholders elected the additional member of the BOD for the 2020-2025 term. As a result, Mr. Le Dong Lam was elected to the C47 BOD for the 2020-2025 term with the approval rate of 100%. Thus, the new C47 BOD consists of 8 members: Mr. Pham Nam Phong – Chairman, Mr. Ta Nam Binh – Vice Chairman, Mr. Le Trung Nam – Member, Mr. Duong Minh Quang – Member, Mr. Bui Van Tuynh – Member, Mr. Le Dong Lam – Member, Mr. Vo Trong Hieu – Member and Mr. Nguyen Huu Hai – Member.

 

With high consensus and unanimity (100% rate), the General Meeting of Shareholders unanimously approved the issues that the BOD submitted to the General Meeting of Shareholders and assigned the BOD for implementation.