The Annual General Shareholder Meeting: Business approval plans for 2020

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The Annual General Meeting of Shareholders of tỷ lệ soi kèo bóng đá 2020 was successfully held with the high consensus of shareholders in the report.

In the morning of June 24, 2020, the annual General Meeting of Shareholders of tỷ lệ soi kèo bóng đá (stock code: HBC) was successfully held with the high consensus of shareholders in the report.

General shareholder meeting 2020 from Hoa Binh group

Accordingly, the meeting approved the plan of 12,500 billion Dong revenue, down by 33% and earnings after tax will be 125 billion dong, down by 70%. The prudent plan was proposed by Hoa Binh in the context of the market being affected, from the policy as well as the epidemic of Covid-19, which was still abnormal. Reporting to shareholders on the plan, Chairman Le Viet Hai said: "From the beginning of 2020, the Board of Directors has set a revenue plan of 20,200 billion dong, a profit of 720 billion dong. The global pandemic of Covid - 19 has seriously affected directly the economic situation of the world and Vietnam from January to now, in which, the level of impact and consequences of the pandemic certainly still many complicated, when the world has yet to find a cure, the Board of Directors has also had great difficulty in setting revenue and profit targets in 2020."

With the above business targets, the Board of Directors of tỷ lệ soi kèo bóng đá presents a dividend rate of 5% in cash or in stock by 2020. In parallel, the Company also consulted shareholders about the compensation for the Board of Directors of 0.8% on profit after hiring the parent company's shareholders. If the after-tax profit exceeds the plan, the Company expects to deduct 10% of the excess to reward the size, with the allocation rate of 25% for the executive board and 75% for key staff.

General shareholder meeting 2020 from Hoa Binh group

At the meeting, it is agreed on the plan to raise 1,000 billion convertible bonds, with a term of 5 years and 20% for each conversion year. The proceeds from the issuance will cover the payment of due debts, implement the company's investment projects and increase the scale of working capital.

General shareholder meeting 2020 from Hoa Binh group

For ESOP in 2019, the Company will postpone the issuance of 1.3 million because HBC stock price on the stock market in the past year has many fluctuations leading to the issuance of ESOP does not reflect the spirit of encouragement and motivation. work for workers. Instead, it will issue 2.5 million shares at face value and 4.62 million stock options for employees this year.

The Meeting also agreed to add Mr. Le Viet Hieu - Deputy General Director of External Relations of the North to the Board of Directors members for the term of 2019 - 2024 in place of Mr. Truong Quang Nhat (resigned at the end of May 2020).

General shareholder meeting 2020 from Hoa Binh group

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