In the morning of April 19th, 2019, in Hanoi, TEDI successfully organized the 2nd Shareholders General Meeting (2019-2024) with the attendace of 317 shareholders, owning 12,255,450 shares, representing 98.04% of the Corporation’s voting shares.
Mr. Hitoshi YAHAGI – Chairman of the Board of Management delivered the opening speech at the Meeting
The meeting was honored to welcome representatives of the Board of Management from 03 domestic and foreign institutional shareholders including FECON S&C, OCG and TVP.
The Meeting had thoroughly discussed and voted on following contents: (i) Reports of the Board of Management, Reports of the Supervisory Board, Audited Financial Statements 2018; (ii) Distribution plan of 2018 after-tax profits ; 2018 report of remuneration for members of the Board of Management and the Supervisory Board; (iii) 2019 and 5–year (2019-2023) Business plans, 2019 Profit distribution plan , 2019 Estimation of remuneration for members of the Board of Management and the Supervisory Board ; (iv) Accounting firm for 2019 Financial Statements; and (v) Internal regulations on corporate management/administration.
Mr. Pham Huu Son – Vice Chairman of the Board of Management delivered reports at the Meeting
The Shareholders presented at the meeting came to an agreement to assess that the Board of Management, the Supervisory Board of the previous term (2014 – 2019) and the Board of Directors had successfully completed the tasks of maintaining and developing the market not only domestically but also in other countries with the same ODA market segment in the region, ensuring high dividends for shareholders.
The Meeting had approved the 5-year business plan of 2019 – 2023 which targets (at) the average annual growth rate of 3%, dividends not less than 15% of charter capital, as well as maintaining traditional industries/sectors and markets, developing several potential new fields/categories such as ITS, wind power, etc., and focusing on science and technology development, intensive investment in order to enhance/strengthen competitiveness and elevate/ boost both reputation and brand images of TEDI domestically and regionally.
The General Meeting of Shareholders voted on the agenda, rules, and other contents of the Meeting.
Revenue plan for 2019 is 800 billion VND while profits after taxes is 42.4 billion VND. Until the end of the term at 2023, there are targets to reach 900 billion VND of revenue and 52.9 billion VND of after-tax profits.
One important content/task of the 2nd term General Meeting of Shareholders (2019 – 2024) was to elect/determine the members of the Board of Management and the Supervisory Board for the 2nd term (2019 – 2024). After the election, the newly appointed/elected Board of Management and Supervisory Board held the very first session to elect the Chairman and Vice Chairman as well as Head of Supervisory Board and all members of the BOM and Supervisory Board were selected/assigned as follows:
Board of Management:
1) Mr. Hitoshi Yahagi : Chairman (of the Board of Management);
2) Mr. Pham Huu Son : Vice Chairman (of the Board of Management);
3) Mr. Phung Tien Trung : Member (of the Board of Management);
4) Mr. Do Minh Dung : Member (of the Board of Management);
5) Mr. Dao Ngoc Vinh : Member (of the Board of Management).
Supervisory Board:
1) Ms. Pham Thi Hong Nhung : Head of Supervisory Board;
2) Mr. Vo Hoang Anh : Member of the Supervisory Board;
3) Mr. Ngo Nam Ha : Member of Supervisory Board.
It is also expected that the 2nd term (2019 – 2024) Board of Management and Supervisory Board altogether with the Board of Directors will bring on solid solutions for market development, marketing policies and especially, a proper human resource policy in order to achieve the set targets which will, as a result, ensure TEDI’s sustainable development and harmonious interests between TEDI, its shareholders, and employees.
