PTSC Thanh Hoa organized successfully Annual General Meeting 2019

On 5^th April 2019, PTSC Thanh Hoa (MCK: PSN) organized Annual General Meeting 2019.

Attending Annual General Meeting 2019, there were Mr. Dzung H. Nguyen – Labor Hero, Member of PVN’s Council of Members, Mr. Tung. T. Phan – Chairman of PTSC, Mr. Hiep Q.Thai – Former Chairman of PTSC, Mr. Toan. Tr. Nguyen – Vice President and Chairman of PTSC’s Labor Union and shareholders of 39.623.000 shares (99.06%)..

Chairman manages the meeting.

Mr. Nga.V.Le - Chairman of the Board of Directors reported in 2018 on the basis of information on market forecasts, with certain favorable factors, there are still challenges such as: Port operation service continues to be fiercely competitive in terms of employment and service prices with disadvantages in retaining traditional customers and attracting new customers; Nghi Son Refinery and Petrochemical plant slows down the progress of commercial operation, which has significantly affected services based on product volume in the first months of 2018; .… In the face of these difficulties, with the highest determination and effort, the Board of Management of the Company has launched many breakthrough solutions. Specifically, the revenue achieved in 2018 reached VND 1,125.10 billion, reaching 127.22% of the year plan and equal to 165.19% compared to 2017; Profit before tax 45.07 billion VND, reaching 100.16% of the year plan and 109.46% compared to 2017.

Mr. Nga.V.Le – Chairman of PTSC Thanh Hoa reported activities of chairman board in 2018 and plans in 2019.

In 2019, PTSC Thanh Hoa set the target of revenue 806.91 million VND, profit before tax 40 million dongs. To achieve the target, PTSC Thanh Hoa needs to give solutions:

The first thing: Maintain absolute safety, quality and efficiency of projects that have been contracted to Nghi Son Refinery and Petrochemical Plant. Parallel to that, continue to approach and bid for other related services with the goal of maximizing market share of operation support services for the plant.

The second thing: Focus on researching the mechanical market in Nghi Son Economic Zone, enhancing marketing and bidding for mechanical projects in the region with the goal of maximally using the infrastructure, workshops / construction sites that have been invested synchronously.

The third thing: Focusing on effectively coordinating with PVN to finalize the procedures for transferring Nghi Son Shipbuilding Industrial Park project from Vinashin to serve as a basis for implementing the investment terminal Ben No. 2 - PTSC Thanh Hoa Port aiming to improve capacity and competitiveness for Port Operation & Logistics Services.

The fourth thing: Building and developing high-tech human resources, attracting O&M experts, designers, captains, chief engineers ... step by step to actively implement the high-tech jobs that are currently outsourced.

The fifth thing: Constantly improve, rationalize production and promote internal control, thoroughly save in management, reduce costs, improve competitiveness, especially set up management processes strict and flexible project management to improve the efficiency of projects.

Mr. Phuong. H. Pham – Director of PTSC Thanh Hoa reported business and production in 2018 and 2019 plans.

After hearing the reports, shareholders approved the plan to distribute profit in 2018 and financial plan for 2019 of PTSC Thanh Hoa with a cash dividend ratio of 2018 of 7% / charter capital and dividend plan for 2019 is 5% / charter capital; through the addition of business lines; remuneration and operating expenses of the Board of Directors and the Supervisory Board.

Mr. Toan. Tr. Nguyen – Vice President spoke at General Meeting Annual 2019.

Regarding the personnel of the Board of Directors, the Supervisory Board, the General Meeting of Shareholders approved the resignation of Mr. Tran Hoai Duc- member of the Board of Directors and  a member of Supervisory Board -  Ms. Nguyen Thi Huyen Trang and elected Mr. Vu Thanh Khiem to become board members and Ms. Bui Thi Hoai Thu is member of the Supervisory Board.

After 3 hours working,  2019 Annual General Meeting has been successful, the Resolution and documents of the Meeting will be completed and announced to shareholders in accordance with the law and the charter of PTSC Thanh Hoa

Some images at the meeting:

Mr. Hiep. Q. Thai – Former Chairman of PTSC spoke at meeting.

Mrs. Thu. H.T. Bui – Deputy Manager of Investment Items Management of PVFC Capital spoke at the meeting

Company leaders and shareholders take photos.