Vietnam General Import-Export Joint Stock Company I respectfully announces the Board of Directors' Resolution No. 05/NQ-HĐQT dated 08/08/2011 as follows: - Based on the Enterprise Law passed by the National Assembly of the Socialist Republic of Vietnam on 29/11/2005; - Based on the company's organizational and operational charter; - Based on the minutes of the 3rd session of the Board of Directors for the 2nd term (2011-2015) dated 08/08/2011. RESOLUTION Article 1: Approve the business production results of the company for the first 6 months of 2011 (financial statements reviewed by AASC independent auditing company) and the plan for the last 6 months of 2011
1.1. Financial indicators for the first 6 months of 2011 (reviewed by AASC independent auditing company) and the plan for the last 6 months of 2011 | No. | Indicator | 2011 Plan | Implemented 6 months/2011 | Percentage compared to Plan | Plan for the last 6 months of 2011 |
| 1 | Total revenue | 1,291,107,000,000 | 1,096,170,202,888 | 84.9% | 194,936,797,112 |
| 2 | Total expenses | 1,222,107,000,000 | 1,071,553,818,154 | 87.6% | 150,553,181,846. |
| 3 | Profit before corporate income tax | 69,000,000,000 | 24,616,384,734 | 35.7% | 44,383,615,266 |
| 4 | Profit after corporate income tax | 52,000,000,000 | 20,965,331,746 | 40.3% | 31,034,668,254 |
| 5 | Charter capital | 125,948,570,000 | 125,948,570,000 | | |
| 6 | Return on Equity (ROE) | | 6.67% | | |
| 7 | Return on Assets (ROA) | | 2.14% | | |
| 8 | Basic earnings per share (EPS) | 4,124 | 1,708 | | |
| Unit: VND |
1.2 Import-Export turnover for the first 6 months of 2011 and the plan for the last 6 months of 2011 | No. | Indicator | 2011 Plan | Implemented 6 months/2011 | Percentage compared to Plan | Plan for the last 6 months of 2011 |
| Total turnover | 90,000,000 | 54,288,771.11 | 60.32% | 36,000,000 |
| 1.1 | - Export | 54,000,000 | 40,309,359.05 | 74.65% | 26,000,000 |
| 1.2 | - Import | 36,000,000 | 13,979,412.06 | 38.83% | 10,000,000 |
* The expected time to complete the plan for turnover and revenue is to be completed by 30/10/2011 to celebrate the 30th anniversary of the company's founding (15/12/1981-15/12/2011) * Financial indicators achieve 100% of the plan decided by the General Meeting of Shareholders.
Article 2: Unanimously approve the situation of basic construction investment activities for the first 6 months of 2011 and the plan for the last 6 months of 2011
2.1. Situation of basic construction investment activities for the first 6 months of 2011 | Category | 2011 Plan | Implemented 6 months/2011 | Percentage compared to Plan | Plan for the last 6 months of 2011 |
| Implementation of office and residential service investment project at 130 Nguyen Duc Canh, Hoang Mai District - Hanoi City | 167,472,122,000 | 111,443,122,000 | 66.54% | 56,029,000,000 |
| Cost of investment procedures for project 251/4 Luy Ban Bich, Tan Phu District, Ho Chi Minh City | 34,000,000,000 | - | - | 34,000,000,000 |
| Total | 201,472,122,000 | 111,443,122,000 | 55.31% | 90,029,000,000 |
2.2. Plan for projects in the last 6 months of 2011 * Project 130 Nguyen Duc Canh, Hoang Mai District - Hanoi City - Complete the rough construction and finish part of the project. - Open sales and collect money for apartments and 2 commercial floors. Sales and profit accounting according to current legal regulations. * Project 251/ Luy Ban Bich, Tan Phu District - Ho Chi Minh City - Complete construction procedures and choose the appropriate start time according to the market. * Other projects: Continue to carry out project procedures.
Article 3: Approve the payment of the 3rd dividend (5%) for 2010 in the last 6 months of the year and authorize the Chairman of the Board of Directors cum General Director to decide the time and carry out procedures according to legal regulations to implement the dividend payment.
Article 4: Unanimously approve the appointment of Ms. Le Thi Kim Phuong as Director of the Hai Phong export garment enterprise.
Article 5: This resolution consists of 03 pages and is effective from the date of signing, the Executive Board of Vietnam General Import-Export Joint Stock Company I is responsible for implementing this resolution.
BOARD OF DIRECTORS
CHAIRMAN
(Signed)
HOANG TUAN KHAI
