VIGLACERA - JSC 2020 Annual General Meeting ty so bong da truc tuyen Shareholders was a

Annual General Meeting ty so bong da truc tuyen Shareholders Viglacera Corporation - JSC (stock code: VGC, HOSE) held on June 19, 2020 at the headquarters ty so bong da truc tuyen Viglacera Corporation - JSC has approved many important contents to continue its strong developments in the term ty so bong da truc tuyen 2019-2024.

The Presidium ty so bong da truc tuyen the General Meeting ty so bong da truc tuyen Shareholders ty so bong da truc tuyen Viglacera Corporation - JSC 2020

2019 is a year with many fluctuations and difficulties for ty so bong da truc tuyen construction materials and real estate industry, but with ty so bong da truc tuyen flexibility and acumen in ty so bong da truc tuyen joint stock company operating model, Viglacera Corporation has achieved remarkable results.

Viglacera continues to affirm its position as one ty so bong da truc tuyen the leading enterprises in the field ty so bong da truc tuyen manufacturing and trading construction materials and real estate (industrial park infrastructure, urban areas, social housing ...). Viglacera recorded consolidated revenue ty so bong da truc tuyen the Corporation reached 10,145 billion VND, reached 109% ty so bong da truc tuyen the plan, consolidated pre-tax profit reached 970 billion VND, reached 102% ty so bong da truc tuyen the plan. For the parent company alone, revenue reached 4,235 billion VND, pre-tax profit reached 719 billion VND, reaching 111% ty so bong da truc tuyen the plan assigned by the General Meeting ty so bong da truc tuyen Shareholders, an increase ty so bong da truc tuyen 111 billion VND in profit compared to 2018.

Mr. Nguyen Anh Tuan - Deputy General Director read the report ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors at the meeting

In 2019, the main product groups ty so bong da truc tuyen the Corporation such as construction glass, sanitary wares, ceramic tiles, and baked clay bricks have fierce competition; market supply - demand has been imbalanced with the increase in supply from domestic producers and importers in recent years; selling price plummeted, consumption and revenue declined. Facing these disadvantages, the Corporation does not produce by output but focuses on producing high-value products, in order to offset production costs and ensure efficiency. The material sector achieved positive results, basically well controlled production output, product quality and inventory, effective operation, pre-tax profit reached 373 billion VND; Turnover reached 7,809 billion.

In the field ty so bong da truc tuyen real estate, the field is directly invested and managed by the Parent Company, with the right direction in developing and expanding the industrial park land fund, focusing on completing technical infrastructure and leasing industrial park, contributing to maintaining the efficiency ty so bong da truc tuyen production and business, making an important contribution to the parent company to complete the annual plan approved by the General Meeting ty so bong da truc tuyen Shareholders. Up to now, Viglacera has developed 11 industrial parks and 01 ViMariel - Cuba special economic zone, with a total area ty so bong da truc tuyen 4,038 hectares, attracting nearly 12 billion USD investment in the Corporation's industrial parks.

From a financial perspective, Viglacera has had a sustainable development step, accumulating resources to ensure the next stages ty so bong da truc tuyen development. The parent company's financial situation is always balanced and healthy; use and preserve capital effectively. The size ty so bong da truc tuyen the total assets ty so bong da truc tuyen the Corporation on December 31, 2019 reached 15,559 billion VND, an increase ty so bong da truc tuyen 2,774 billion VND compared to December 31, 2018. Equity is 6,154 billion VND with the capital preservation ratio ty so bong da truc tuyen 1.02 times; Debt / Equity ratio ty so bong da truc tuyen the Parent Company as ty so bong da truc tuyen December 31, 2019 reached 1.53 times, ensuring a high level ty so bong da truc tuyen financial security.

The corporation has completed the divestment ty so bong da truc tuyen the State's equity to 38.58% and has officially listed VGC shares on HOSE from May 29, 2019.

Shareholders voted to approve important issues in ty so bong da truc tuyen meeting

The Annual General Meeting ty so bong da truc tuyen Shareholders 2020 approved many important contents such as the results ty so bong da truc tuyen production and business in 2019, especially the dividend payment ty so bong da truc tuyen 2019 at the rate ty so bong da truc tuyen 11% in cash, 0.5% higher than as committed to General Meeting ty so bong da truc tuyen Shareholders, continue to maintain the growth ty so bong da truc tuyen the Corporation. Also at the meeting, the Deputy Minister ty so bong da truc tuyen Construction said that the Ministry is planning to divest all capital from Viglacera by the end ty so bong da truc tuyen 2020. The Ministry ty so bong da truc tuyen Construction is planning to submit to the Prime Minister, trying to make a public and transparent divestment , ensuring no loss ty so bong da truc tuyen State assets.

Mr. Bui Pham Khanh - Deputy Minister ty so bong da truc tuyen Construction spoke at the Congress

One noteworthy point, the meeting approved an amendment to the company's charter. Accordingly, Viglacera will supplement the charter that the Board ty so bong da truc tuyen Directors has the power to decide to join the ventures to be an investor ty so bong da truc tuyen real estate projects, to join a joint venture ty so bong da truc tuyen production and business projects. except for investment projects under the authority ty so bong da truc tuyen the General Meeting ty so bong da truc tuyen Shareholders).

In 2020, Viglacera aims to achieve consolidated revenue ty so bong da truc tuyen 8,300 billion VND; in which, parent company is 3,600 billion VND; Consolidated pre-tax profit reached 750 billion VND; Parent company reached 600 billion VND; Implementing dividend payment at least 10.5%.

Mr. Nguyen Van Tuan - Chairman ty so bong da truc tuyen Viglacera Corporation's Board ty so bong da truc tuyen Directors spoke at the meeting

In the field ty so bong da truc tuyen materials, by 2020, the Corporation will develop new sets ty so bong da truc tuyen complete products: high quality sanitary wares - showers - tiles, bearing Eurotile and Platinum brands; High-tech, Green - eco-friendly products such as Ultra white glass, energy saving glass, panels and autoclaved aerated concrete, etc. Real Estate will focus on developing infrastructure for industrial parks for rent to stay ahead ty so bong da truc tuyen the wave ty so bong da truc tuyen foreign investment transfer into Vietnam, to get ready to have a clean land fund to welcome investors.

Proud ty so bong da truc tuyen its 46-years history ty so bong da truc tuyen construction and development, Viglacera has affirmed its leading position in the field ty so bong da truc tuyen construction materials and real estate in Vietnam. Viglacera Corporation - JSC is confident to exceed the targets assigned by the General Meeting ty so bong da truc tuyen Shareholders in 2020.

Some otherpicturesat ty so bong da truc tuyen Congress