Viglacera's Annual General Meeting of Shareholders: Bring bong da so brand to international, bong da so profit growth plan is 13% / year in bong da so next 5 years

On bong da so morning of April 27, Viglacera (HoSE: VGC) successfully organized bong da so 2021 Annual General Meeting of Shareholders. bong da so meeting evaluated bong da so business performance in 2020 and bong da so plan for 2021; approving bong da so 2021-2025 5-year plan; Electing additional and replacing members of bong da so Board of Directors and bong da so Supervisory Board.

Overview of bong da so 2021 General Meeting of Shareholders of Viglacera Corporation - JSC

2020 is a year of crisis for bong da so whole economy due to bong da so impact of bong da so global Covid pandemic, in that difficult time, Viglacera Corporation has steadily overcome and demonstrated its intrinsic strength with bong da so results noteworthy. Profit of bong da so whole corporation reached 841 billion dong, up 12% of bong da so plan, of which bong da so parent company profit was 736 billion dong, up 23% of bong da so plan. Consolidated revenue of bong da so Corporation reached 9,433 billion VND, exceeding 14% of bong da so plan, other expenditures also basically followed bong da so plan assigned by bong da so General Meeting of Shareholders. In 2020, Viglacera will pay 11% dividend.

In 2021, bong da so plan is to make a profit of 1,000 billion VND, promoting bong da so industrial park's real estate development

At bong da so meeting, shareholders unanimously approved bong da so business plan for 2021 with pre-tax profit of bong da so parent company and consolidated at VND 750 billion and 1,000 billion, 2% and 19% higher than 2020. total consolidated revenue is 12,000 billion, up 27% compared to 2020. bong da so company plans to submit to shareholders 2021 dividend at bong da so rate of 12%. Viglacera will continue to invest in two main areas: Real Estate and Building Materials.

Mr. Nguyen Anh Tuan - Deputy General Director of bong da so Corporation presents bong da so report of bong da so Board of Management at bong da so meetin

With bong da so real estate segment, bong da so Corporation continues to invest synchronously in infrastructure in industrial parks, enhance land fund development, synchronously develop infrastructure, utilities and develop ancillary services and branding Viglacera industrial parks, making full use of bong da so land fund. Viglacera also aims to select customers who are friendly investors and manufacturers for sustainable development. In addition, bong da so Corporation will continue to develop social housing, worker housing, commercial housing projects and resort resorts.

In bong da so building materials sector, Viglacera invests in depth, enhances management technology, aims at high quality products, aesthetics, added value of products and environmental friendliness. Developing new product sets, in accordance with customer trends and tastes, updating new advanced technologies into production. For inefficient units in bong da so group of baked clay bricks, bong da so Corporation will actively divest capital

Mr. Tran Ngoc Anh - Deputy General Director of Corporation, Member of bong da so Board of Directors of Corporation presents bong da so Report of bong da so Board of Directors at bong da so Meeting

In 2021, Viglacera will continue to strongly implement bong da so restructuring of governance from bong da so parent company to its subsidiaries to proactively overcome difficulties and challenges, improve production and business efficiency.

Plan to grow 13% profit / year in bong da so next 5 years

In bong da so period of 2021-2025, Viglacera aims to build into a strong economic group in both construction materials and real estate investment, maintaining Viglacera as a strong national brand and into International level.

Mrs. Pham Ngoc Bich - Head of bong da so Supervisory Board of bong da so Corporation presents bong da so Report of bong da so Supervisory Board at bong da so meeting

bong da so consolidated pre-tax profit of Viglacera aims to grow 13% / year and only 9% / year for bong da so parent company. Consolidated revenue is expected to increase by 11% / year on average, and 10% for bong da so parent company alone. At bong da so same time, bong da so company aims to have a total export value of 240 million USD, an increase of 1.7 times compared to bong da so period 2016-2020.

To implementation of bong da so above plan, Viglacera will continue to invest in bong da so next 5 years with a total value of 20,300 billion VND with bong da so whole Corporation, in which bong da so parent company is 13,300 billion VND.

bong da so Corporation also plans to let bong da so State shareholders withdraw all their shares, at bong da so same time continue to sell their contributed capital in inefficient member companies, increase bong da so charter capital of bong da so Corporation to a number of units to invest in production and business development according to bong da so development strategy. bong da so Corporation also established new limited liability companies to manage bong da so Corporation's capital in each group of fields of production and business activities, and joint stock companies to implement new projects.

Elect to replace members of bong da so Board of Directors and bong da so Supervisory Board

Mr. Nguyen Van Tuan - Chairman of bong da so Board of Directors presents flowers and acknowledges contributions of Mr. Luyen Cong Minh and Mrs. Pham Ngoc Bich in recent years

Regarding human resources, Viglacera's General Meeting of Shareholders approved Mr. Luyen Cong Minh's resignation from bong da so Board of Directors and resigned from bong da so position of Vice Chairman of bong da so Board of Directors according to personal expectation; Approve bong da so resignation of Mrs. Pham Ngoc Bich, quit bong da so Supervisory Board and resign from bong da so position of Head of Supervisory Board of bong da so Corporation to accept other duties.

bong da so meeting elected Mr. Nguyen Trong Hien to be an independent member of bong da so Board of Directors and Mr. Tran Manh Huu in bong da so Supervisory Board.

bong da so new Board of Directors for bong da so term of 2019 -2024 was launched

bong da so new Board of Directors for bong da so term of 2019 -2024 was launched

bong da so state may divest all Viglacera capital by 2022

Mr. Dau Minh Thanh - Director General of Enterprise Management Department, Ministry of Construction made a speech at bong da so meeting

Mr. Dau Minh Thanh - Director General of Enterprise Management Department, Ministry of Construction said that VGC is bong da so leading enterprise that bong da so Ministry is representing bong da so State capital. Although bong da so Ministry of Construction only holds 38% of VGC's capital, bong da so company's business activities are always developing stably, paying high dividends. Viglacera is also bong da so only enterprise in bong da so list of bong da so Ministry of Construction to successfully hold bong da so General Meeting of Shareholders on time and is also bong da so only enterprise eligible to be listed on bong da so HoSE.

Regarding bong da so State divestment plan at VGC, bong da so representative of bong da so Ministry of Construction said that if there was no disease of Covid-19, bong da so divestment would be completed in 2020. However, due to bong da so epidemic, this work is slowing down. However, bong da so Prime Minister has basically approved that bong da so State will no longer hold capital at VGC and this divestment may take place in 2022.

bong da so Presidium answered questions during bong da so discussion session at bong da so Meeting

After discussing and answering issues related to Viglacera's investment plans and capital raising in fields and companies in bong da so coming time, Viglacera's 2021 Annual General Meeting of Shareholders has ended same day morning. bong da so meeting was successful.

Some other images at bong da so Congress