2016 Annual Shareholders Meeting of Viglacera Corporation - JSC

In the morning of April 26, 2016, Viglacera Corporation - JSC held the 2016 Annual General Shareholders Meeting (GSM) at the National Convention Center in Hanoi. Business results have exceeded the targets set in Shareholders' Meeting. To implement sustainable development strategy, in 2016, Viglacera invests heavily in high-tech projects, and “green” & environmentally friendly projects.

With almost absolute approval rate, the GSM adopted the key issues: Report of the Board of Management, Report of Board of Directors on the results of production and business activities in 2015 and plans for 2016; operation of the Supervisory Board in 2015; Plans of increasing charter capital, listing shares on the Stock Exchange.

Chairman Committee at the GSM

In 2015, Viglacera confirmed the advantages of a Joint Stock Company

In 2015, the Board of Management of Viglacera has promoted internal power, governance, implemented innovation policies, management system, and enhanced safe and sustainable development.

            - Results of the 2015 key figures all reached and exceeded targets adopted in 2015 GSM dated 20.04.2015.

            - Profit of the Corporation reached 524,275 million VND, increased 80% compared with the target set in 2015 GSM, in which parent company’s profit reached 245,871 million VND, increased 67% compared with target set in 2015 GSM.

            - ROE of parent company in 2015 was 8.5%; basic EPS reached 929 VND; dividend of Viglacera Corporation–JSC in 2015 was 4%, in accordance with target set in 2015 GSM.

Mr. Bui Pham Khanh, Deputy Minister of Construction gave speech at the GSM

Besides successes in production and business, in 2015, Viglacera brand was also assured by a number of awards locally and abroad in two main sectors: Building Materials and Real Estate, including 6 consecutive year victory in Vietnam Strong Brand Award, Top 10 Prestigious Real Estate Developer in 2016.

In 2016, Viglacera sets its own targets as follows: increase business figures from 6-20%, increase charter capital, reduce state ownership, and list shares on the Stock Exchange

Promoting advantages achieved in 2015, Viglacera will implement development and sustainability strategies in 2016, the production and business targets in 2016 will increase 6-20% in all sectors. This year, Viglacera will invest heavily in two basic areas which are building materials and real estate.

In the field of building materials, with the message "Pioneering in Green Technology – Pride of Vietnamese Brand", Viglacera shall: focus on solving environmental problems, continue to invest additionally in high-tech, "green" products such as energy saving glass, autoclaved aerated concrete, clinker bricks; continue switching to manufacturing of thin products like the transition to 100% tile production project, which indirectly reduces resource and fuel consumption; invest in digital printing, environmental friendly granite tile manufacturing; switch to use natural gas, compress natural gas in some plants; and simultaneously improve productivity, quality and design of product in the Corporation’s subsidiaries.

Mr. Luyen Cong Minh, Chairman of the Corporation presented the report in 2015

In the area of foreign investment and international cooperation, with the goal to meet sharply growing demands of building materials in Cuba for development of housing (especially social housing), hotels, as well as to prepare for global investment trends into Cuba, Viglacera Corporation has conducted a cooperation agreement signing ceremony on trading building materials with IMECO Group, under Ministry of Construction of Cuba . In the near future, there will be more building materials with Viglacera brand on Cuban market. Besides, with the goal of becoming a multinational corporation, Viglacera also promotes venture investment activities, building material manufacturing plant in Cuba. by accelerating the establishment of joint ventures for the production of building materials with Industrial Construction Group (Geicon) under Ministry of Construction of Cuba, and offering solutions and roadmaps for project documentation processes in 2016.

In real estate sector, Viglacera now owns 3,400 hectares of industrial parks. Viglacera develops many new industrial parks in Phong Dien – Thua Thien Hue, Tien Hai – Thai Binh; expands Yen Phong Industrial Park - Bac Ninh, continue to exploit the technical infrastructure and services in current industrial parks (IP), keeps track of progress of new key projects like Dong Van 4 in Ha Nam, researches and prepares some new IPs, and develops urban housing in social housing & luxury apartment segments.

Mr. Nguyen Anh Tuan, Member of BOM, General Director of the Corporation answered questions from shareholders

In addition, to improve the quality of human resources and to promote research and development, Viglacera continues implementing scientific research projects, investing in ERP for the whole Corporation, carrying out next steps in the training program with Proskills UK as well as other prestigious partners.

Along with business plan and investment, at the GSM, Viglacera has approved a plan to increase charter capital from 2,645 billion VND to 3,070 billion VND under a separate issuance plan, reducing state ownership from 91.48% to 75% after the Ministry of Construction approves the plan, and registered for trading or listing shares of Viglacera Corporation – JSC on stock exchange before Q4/2016.

In 2016, Viglacera continues to maintain its position as a leading enterprise in building material manufacturing as well as prestigious developer in real estate. The growth of charter capital for financial and operational development along with the safe and soundness of operations of the Corporation will empower competitiveness, credibility and influence of Viglacera on domestic and international markets.

Some photos at the GSM: