In accordance with the Law on Enterprises and the Charter of PV Gas South, on the morning of April 18, 2019, PV Gas South held the Annual General Meeting of Shareholders (AGM) 2019 at Rex Hotel, 141 Nguyen Hue, District 1, Ho Chi Minh City.
Attending the AGM were Mr. Do Tan – Chairman of the Board of Directors, Mr. Vu Quy Hieu – Member of the Board of Directors, General Director of the Company, together with leaders of the Board of Directors, Board of Management, Supervisory Board, representatives of departments, subsidiaries and 41 shareholders or authorized representatives, representing 45,432,234 shares, equivalent to 90.8667% of the Company’s total voting shares.
At the AGM, PV Gas South presented to the shareholders reports and proposals for discussion and approval, including the 2018 business performance report, the 2019 business plan, the 2018 BOD activity report and 2019 plan, the 2018 Supervisory Board activity report and 2019 plan, the audited 2018 financial statements, the proposal on profit distribution, bonus for the management, and fund appropriation for 2018 and plan for 2019; the proposal on remuneration of the BOD and Supervisory Board for 2018 and plan for 2019; and the proposal on selection of the auditing firm for 2019.
The AGM also approved proposals on personnel changes, including dismissal of Ms. Nguyen Minh Ngoc – Member of the Board of Directors; election of Ms. Nguyen Ngoc Anh as Member of the Board of Directors replacing Ms. Nguyen Minh Ngoc; dismissal of Ms. Nguyen Thuc Quyen – Head of the Supervisory Board; and election of Ms. Dao Thi Thanh Hang as Supervisory Board Member replacing Ms. Nguyen Thuc Quyen.
In the business performance report for 2018 presented at the AGM, Mr. Tran Van Nghi – Deputy Director of the Company – stated that PV Gas South successfully fulfilled its assigned tasks with impressive results:
- LPG supply volume: over 302,943 tons, up 2.02%; cylinder sales: 378,739 units, up 2.3%; CNG volume: 134,400,000 m³, up 7.6% vs plan;
- Revenue: VND 6,604.36 billion, up 11.4% vs plan;
- Profit before tax: VND 136.3 billion, up 1% vs plan;
- Profit after tax: VND 115.24 billion, up 38% vs plan.
For 2019, PV Gas South targets revenue of VND 6,570.4 billion, profit before tax of VND 103.3 billion, and profit after tax of VND 82.679 billion. The planned cash dividend payout for shareholders is 8% of charter capital.
The Board of Management of PV Gas South would like to extend sincere thanks to the leadership of Vietnam Oil and Gas Group, PV Gas, customers, partners and especially shareholders for their continuous support and companionship with PV Gas South over the years and on the path toward sustainable development in the coming years.
Some images from the AGM:
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Thu Thủy
