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.

February 15, 2022, in Tay Son district, Binh Dinh province. People’s Committee of Binh Dinh province held the Groundbreaking Ceremony of Phu Phong Weir Dam project. Construction Joint Stock Company 47 (HOSE: C47) is the Main Contractor of Package No.01-XL: Construction and equipment installation for the whole project.

Attended the ceremony, on the Central side, there were President Nguyen Xuan Phuc, leaders of agencies, ministries and branches; On Binh Dinh side, there were Mr.Ho Quoc Dung – Member of Party Central Committee (PCC), Secretary of Provincial Party Committee, Chairman of Provincial People’s Council, Mr.Le Kim Toan – Standing Deputy Secretary of Provincial Party Committee, Head of the provincial National Assembly delegation, the former Secretaries of Provincial Party Committee, Mr.Nguyen Phi Long – Alternate Member of Party Central Committee, Chairman of Provincial People’s Committee and the leaders of agencies, departments and units of Binh Dinh province; On the side of Binh Dinh Province’s Agriculture and Rural Development Project Management Board (the Owner), there was Mr.To Tan Thi – Director; On the side of C47, there were Mr.Pham Nam Phong – Chairman of Board of Directors (BOD), Mr.Duong Minh Quang – Member of BOD cum General Director, Mr.Vo Trong Hieu – Member of BOD cum Head of Internal Audit Board, Mr.Nguyen Huu Hai – Member of BOD cum Deputy General Director, members of the Managerial Board, Heads and Vice Heads of Functional departments under the Company; Representatives of the Design Consultant, Supervision Consultant and number of people in the project area.

Phu Phong Weir Dam project has a total investment of more than 754 billion VND, of which the central budget is 550 billion VND, the rest is local budget, is expected to be constructed within 28 months.

Main item of Phu Phong Weir Dam project is a reinforced concrete weir dam. Total length of dam is 589m, including 350m-wide gate-installed dam at middle the river with 20 gated-cells, each cell wide 15m, the flat steel gates operated by winches; weir spillway on both sides is 239m wide. A 10m-wide traffic bridge including 29 spans, main girder is made of prestressed reinforced concrete on the weir dam.

Phu Phong Weir Dam project, besides its tasks for ensuring stable water supply for 450ha of agricultural and industrial production, living needs, aquaculture, improving the ecological environment in the area, the project also connects traffic on both Kon River banks, from National Highway 19 to National Highway 19B then to Phu Cat Airport and connecting Tay Son center with the northern communes of the district and the western communes of Phu Cat district, facilitate for trade transaction and contributing to the local socio-economic promotion. The project also assumes task of air regulation, creating source of groundwater for the area and for implementation of National Target Program of New Rural Development, sustainable development of the local economy.

Some photos taken at the Groundbreaking Ceremony of Phu Phong Weir Dam