In April 2018, subsidiaries of PVFCCo held a series of meeting sessions of the General Meeting of Shareholders 2018. The sessions were attended by the majority of shareholders and all of voting issues were approved with high percentages of affirmative votes.

At the meeting sessions, a variety of reports, recommendations, and votes were presented to shareholders for approval of key contents, such as: Results of business operations in 2017 and key indicators of 2018 plan; reports of the Board of Directors and Board of Supervisory for 2017 and the action plans in 2018; financial statements and dividend distribution option for 2017 and dividend distribution plan for 2018; adjustments to a number of indicators in 2017 business plan; ratification of the amendments and supplementations to the Company”s Charter; and announcement of the Regulations on Internal Governance, etc.

2017 continued to be a challenging year with many difficulties in fertilizer market, such as adverse weather conditions, abundant supply, low quality and cheap fertilizers, etc. These had a huge direct impact on business activities of the subsidiaries of PVFCCo. In that context, however, thanks to the timely support and help of the parent company – PVFCCo, and the union and dedicated efforts to overcome difficulties of the leadership and staffs of each company, PVFCCo subsidiaries have achieved remarkable business performance. Specifically:

PVFCCo North: Total sales volumes reached over 189,138.6 tons or 105% of the plan; Total revenue reached over VND1,276.53 billion or 103% of the plan; and profit before tax reached VND16.51 billion or 109% of the plan in 2017.

PVFCCo Central: Total sales volumes reached over 315 thousand tons of fertilizers of all kinds, total revenue reached VND2,021 billion, profit before tax was VND22 billion, dividend payout ratio was 15% per year.

PVFCCo SW: Total sales volumes reached 298,425,842 tons or 102.91% of the plan in 2017, total revenue and realized income was VND2,046.20 billion or 101.74% of the plan. Profit before tax was VND12.46 billion, reaching 101.29% of the plan in 2017.

PVFCCo SE: Total sales volumes reached 335,412 tons, total revenue reached VND2,150 billion, profit before tax reached VND16.33 billion.

At the general meetings, the Chair Committee spent a lot of time answering shareholders” inquiries and questions on related reports. Shareholders also received appropriate explanations to their inquiries on dividends and past performance of the subsidiaries, etc.

Facing the difficulties in 2018, the representatives of PVFCCo that attended the meeting sessions expressed that they would like the subsidiaries to implement new business solutions and ensure effective use of resources and capital for overcoming the challenges and completing new goals in the upcoming period, contributing to the growth and enhancement of stock value, as well as generating the maximum return on shareholders” stock in the subsidiaries. In the meanwhile, PVFCCo as a major shareholder will accompany and offer the best support in a variety of fields, such as market information, technology, logistics, etc. for subsidiaries to accomplish the action plans approved by the General Shareholders” Meeting.

Below are some photos: