PTSC successfully organized the Annual Shareholders Meeting 2020

On June 24th 2020, in Vung Tau City, PetroVietnam Technical Services Corporation (PTSC, MCK: PVS) successfully organized the Annual General Meeting of Shareholders in 2020.

Delegates attending the meeting.

Attending the meeting, representatives of Vietnam Oil and Gas Group (PVN) were Mr. Nguyen Hung Dung - Member of PVN's Board of Members and representatives of the PVN’s Departments; Mr. Le Dinh Tu - Deputy General Director of Deloitte Vietnam, Mr. Nguyen Tuan Anh - Deputy General Director of Hanoi Stock Exchange. On the side of PTSC, the Presidium running the meeting was Mr. Phan Thanh Tung - Chairman of The Board of Directors, Mr. Le Manh Cuong - President and CEO, Mr. Nguyen Xuan Cuong - Vice President, the Board of Management and hundreds of individuals representing the Shareholders who are investors, organizations, individuals currently owning shares of PVS.

The Presidium runs the Meeting.

Mr. Phan Thanh Tung - Chairman of The Board of Directors presents the report of the Board of Directors.

PTSC Board of Management said that the consolidated revenue in 2019 is VND 17,714 billion, reaching 136% of the 2019 plan, up 16% compared to the previous year, and the profit before tax in 2019 reached VND 1,103 billion, reaching 158% of the 2019 plan, up 13% compared to the previous year.

Mr. Le Manh Cuong - President and CEO of PTSC reports the business results in 2019 and the plan for 2020.

In 2020, PTSC sets the targets of achieving a consolidated revenue of VND 15,000 billion, a profit before tax of VND 800 billion

Shareholders ask at the meeting.

After listening to the reports, discussions, the shareholders approved all the content presented at the meeting with a high rate of unanimity. In particular, shareholders approved the audited 2019 financial statements, the proposal - Approved for profit distribution plan of 2019 and the financial plan for 2020 to pay dividends in cash of 10% of charter capital.

Mr. Nguyen Hung Dung - Member of PVN's Board of Members speaks at the Meeting.

Speaking at the meeting, Mr. Nguyen Hung Dung believed that the support of the Group, the facilities of PTSC together with the efforts and determination of the Board of Directors, Board of Management, PTSC employees and especially the co-operation of shareholders will be the encouragement for PTSC to continue to overcome the challenge, maintaining sustainable and stable development.

The shareholders unanimously vote for the reports at the Meeting.

With high consensus on the reports presented at the Meeting of Shareholders, the Annual Shareholders Meeting 2020 of PTSC has been successfully completed.

Tham.H