Viglacera: Many member companies hold General Meeting ty so bong da truc tuyen Shareholders

Last week, 7 member companies ty so bong da truc tuyen Viglacera Corporation - JSC held the 2025 Annual General Meeting ty so bong da truc tuyen Shareholders..

Member enterprises ty so bong da truc tuyen Viglacera Corporation - JSC hold the 2025 Annual General Meeting ty so bong da truc tuyen Shareholders

The shareholders' meetings at member units took place in accordance with regulations, with the full participation ty so bong da truc tuyen shareholders, the Board ty so bong da truc tuyen Directors, the Supervisory Board and the Company's Board ty so bong da truc tuyen management. The meetings focused on analyzing the causes and results ty so bong da truc tuyen production and business activities in 2024, providing solutions for 2025 in the spirit ty so bong da truc tuyen respecting the law and protecting the legitimate and sustainable interests ty so bong da truc tuyen shareholders.

It should be noted that 2024 is a year with two specific difficulties: The whole market is in difficulty for the first 9 months ty so bong da truc tuyen the year, and then there is the "rebound" after Typhoon Yagi. These are unprecedented challenges. However, the direction from the Board ty so bong da truc tuyen Directors ty so bong da truc tuyen the companies and the production and business management boards at the enterprises have made every effort to bring about the most feasible results..

The results ty so bong da truc tuyen the General Meeting ty so bong da truc tuyen Shareholders at Viglacera enterprises all showed a high spirit ty so bong da truc tuyen consensus, unanimously passing many important resolutions, laying the foundation for sustainable development in 2025 and the following years, affirming the transparency and commitment to sustainable development ty so bong da truc tuyen Viglacera in the coming time..

VIGLACERA TILE TRADING JOINT STOCK COMPANY

Mr. Quach Huu Thuan - Chairman ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors ty so bong da truc tuyen Viglacera Ceramic Tiles Trading Joint Stock Company received congratulatory flowers

On March 19, 2025, the Annual General Meeting ty so bong da truc tuyen Shareholders ty so bong da truc tuyen Viglacera Tiles Trading Joint Stock Company was held.

In the 2024 Business Performance Report and 2025 Business Plan, Mr. Mai Xuan Duc - Member ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors, General Director ty so bong da truc tuyen Viglacera Tile Trading Joint Stock Company said: "In 2024, consumption in the whole market will stagnate, the operating capacity ty so bong da truc tuyen ceramic tile factories nationwide will average 50-60%, maximum 80%. Many companies will reduce capacity, compete strongly on price”.

In such a context, Viglacera Tiles Trading Joint Stock Company has proactively coordinated with production units in the Ceramic Tiles Department to promptly adjust production plans to match actual consumption, ensuring financial safety and inventory for the Factories..

In 2024, Viglacera Tile Trading Joint Stock Company achieved some remarkable results: The Company's net revenue in 2024 completed the revenue plan, pre-tax profit reached 212% ty so bong da truc tuyen the plan. 2024 is a year in which Viglacera autoclaved aerated concrete products achieved great success. In addition to completing 104% ty so bong da truc tuyen the committed revenue with the manufacturing unit, inventory was also reduced by 14.7 billion VND. Export turnover increased by 7% ty so bong da truc tuyen the plan compared to 2023..

Viglacera branded tile products have conquered the most demanding markets such as Japan, USA, UK, Australia... and affirmed the No. 1 position in exporting Porcelain in Vietnam.

The 2025 Annual General Meeting ty so bong da truc tuyen Shareholders ty so bong da truc tuyen Viglacera Tiles Trading Joint Stock Company also elected new Board ty so bong da truc tuyen Directors according to Decision No. 55/TCT-HĐQT dated March 14 ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors ty so bong da truc tuyen Viglacera Corporation, accordingly, Mr. Tran Manh Huu ceased to be a member ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors and ceased to hold the position ty so bong da truc tuyen Chairman ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors. Election results: Mr. Quach Huu Thuan - Deputy General Director ty so bong da truc tuyen Viglacera Corporation, member ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors ty so bong da truc tuyen the Company replaced Mr. Tran Manh Huu as Chairman ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors. Mr. Nguyen Chi Hoa, Director ty so bong da truc tuyen Viglacera Hanoi Joint Stock Company, was also elected by the General Meeting ty so bong da truc tuyen Shareholders to the position ty so bong da truc tuyen member ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors ty so bong da truc tuyen the Company.

VIGLACERA THANG LONG JSC: Paying 15% cash dividend - Many financial indicators have impressive growth

Members ty so bong da truc tuyen the General Meeting ty so bong da truc tuyen Shareholders ty so bong da truc tuyen Viglacera Thang Long Joint Stock Company

On March 20, Viglacera Thang Long Joint Stock Company held its 2025 Annual General Meeting ty so bong da truc tuyen Shareholders. Here, shareholders were delighted to receive financial indicators showing signs ty so bong da truc tuyen growth, showing that production and business efficiency has significantly improved compared to 2023 and the previous period.

Specifically in 2024: Pre-tax profit reached 15,257 billion VND, equal to 305% ty so bong da truc tuyen the annual plan and 296% compared to 2023. Net revenue reached 630,257 billion VND, equal to 110% ty so bong da truc tuyen the annual plan and 109% compared to 2023. Average income per employee was 15.33 million VND/person/month, equal to 112% ty so bong da truc tuyen the annual plan and 115% compared to 2023.

The most significant improvements ty so bong da truc tuyen the Company in the past year include the application ty so bong da truc tuyen technology and R&D to reduce the price ty so bong da truc tuyen glaze mixes from 4.2% to 5%; Implementing equipment improvements to increase production capacity, reduce labor, improve working conditions and environment with a total estimated profit value ty so bong da truc tuyen 1.2 billion VND; Developing many new products such as F-Aurora tiles, ridge tiles, SQ edge tiles, multicolor nibs and digital printing, along with tile accessories. Types ty so bong da truc tuyen tiles for export to the US and solar tiles, etc.

All those efforts bring results not only reflected in revenue and profit but also in the "hidden" indicators behind such as: Owner's equity on total capital increased by 2% compared to 2023; Pre-tax profit margin on net revenue is 2.42% (in 2023 it is 0.89%); after-tax profit margin on total assets is 3.74% (in 2023 it is 1.25%). Indicators ty so bong da truc tuyen solvency and operating efficiency are all improved such as capital turnover, fixed capital utilization efficiency, etc.

Based on positive business results, the General Meeting decided to pay 2024 dividends at a rate ty so bong da truc tuyen 15% in cash, while maintaining the view ty so bong da truc tuyen maximizing benefits for shareholders after setting aside bonus and welfare funds.

In addition, the Congress also elected a replacement member ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors according to Decision No. 54/TCT-HĐQT dated March 14, 2025 ty so bong da truc tuyen Viglacera Corporation - JSC. The Congress voted to approve Mr. Le Duc Tai's resignation as a member ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors for the 2024 - 2028 term, and elected Mr. Dang Minh Tam as the representative ty so bong da truc tuyen the capital ty so bong da truc tuyen Viglacera Corporation - JSC as a member ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors ty so bong da truc tuyen Viglacera Thang Long Joint Stock Company for the 2024 - 2028 term. Mr. Dang Minh Tam is authorized to manage the capital contribution ty so bong da truc tuyen the Corporation, equivalent to 9.07% ty so bong da truc tuyen the charter capital ty so bong da truc tuyen Viglacera Thang Long Joint Stock Company.

VIGLACERA VIET TRI JOINT STOCK COMPANY: Paying 20% ​​dividend in cash

On March 20, 2025, Viglacera Viet Tri Joint Stock Company held the 2025 Annual General Meeting ty so bong da truc tuyen Shareholders. At the meeting, shareholders highly appreciated the positive financial results, thereby showing that production and business efficiency has improved significantly compared to 2023 as well as previous periods..

Overview ty so bong da truc tuyen the General Meeting ty so bong da truc tuyen Shareholders at Viglacera Viet Tri Joint Stock Company

In 2024, the Company achieved important financial results: Pre-tax profit was recorded at VND 11,946 billion, reaching 106% ty so bong da truc tuyen the plan and increasing by 49% compared to 2023. Net revenue reached VND 199,968 billion, equivalent to 112% ty so bong da truc tuyen the annual plan and increasing by 115% compared to the same period last year. Average income ty so bong da truc tuyen employees reached VND 15.66 million/person/month, equivalent to 102.7% ty so bong da truc tuyen the plan and increasing by 11.1% compared to 2023. These figures reflect that corporate governance is becoming more effective, while finding a way to develop in difficult times.

To serve the export target, the Company continues to maintain and expand cooperation with international partners to meet strict standards such as ASME (USA) and KS (Korea), creating favorable conditions for exporting to major markets such as the US and Korea. The ISO 9001 and ISO 14001 quality management systems are strictly maintained, while applying international quality control standards such as Australia Watermarks, Standard Marks, PS Marks and SASO (Saudi Arabia). The Company also affirms its membership ty so bong da truc tuyen the Sedex Smeta organization in compliance with the principles ty so bong da truc tuyen business ethics and social responsibility.

These efforts have brought comprehensive results, not only reflected in revenue and profit but also in other important financial indicators. The ratio ty so bong da truc tuyen equity to total capital increased by 10.5% compared to 2023; the ratio ty so bong da truc tuyen pre-tax profit to net revenue reached 6.0%, higher than 4.5% ty so bong da truc tuyen the previous year; the ratio ty so bong da truc tuyen after-tax profit to total assets reached 10%, improved from 6.1% in 2023. These indicators are contributing to the goal ty so bong da truc tuyen capital preservation, ensuring stable production and profitable business activities, consolidating a solid financial foundation.

Based on the results achieved, the Congress approved the decision to pay 2024 dividends at a rate ty so bong da truc tuyen 20% in cash.

The General Meeting ty so bong da truc tuyen Shareholders also completed the Company's Board ty so bong da truc tuyen Directors with a new structure: Mr. Nguyen Van Tien - Chairman ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors (replacing Mr. Nguyen Minh Khoa). Mr. Le Anh Tuan - Member ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors and General Director ty so bong da truc tuyen the Company; Mr. Nguyen Viet Cuong - Member ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors (replacing Mr. Nguyen Manh Hieu); Mr. Khuat Quang Thuc - Member ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors; Ms. Nguyen Thi Thanh - Member ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors.

VIGLACERA HA LONG: Amending the Charter and Electing 3 additional members to the Board ty so bong da truc tuyen Directors

On March 23, 2025, Viglacera Ha Long Joint Stock Company held the 2025 Annual General Meeting ty so bong da truc tuyen Shareholders. The meeting approved the report ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors, the report ty so bong da truc tuyen the Executive Board and the report ty so bong da truc tuyen the Board ty so bong da truc tuyen Supervisors on the results ty so bong da truc tuyen operations in 2024 and the orientation ty so bong da truc tuyen operations in 2025.

Members ty so bong da truc tuyen the General Meeting ty so bong da truc tuyen Shareholders ty so bong da truc tuyen Viglacera Ha Long Joint Stock Company

Reports at the Congress showed that, in the past year, Viglacera Ha Long was one ty so bong da truc tuyen the Corporation's enterprises that suffered two unfavorable factors at the same time: Unprecedented challenges in the market for traditional products, and especially the extremely severe consequences ty so bong da truc tuyen Typhoon Yagi. This is the double reason why the main goals in the 2024 business plan were not completed. This means that the Company faced a situation ty so bong da truc tuyen negative after-tax profit for 2 consecutive years, forcing the Company's Board ty so bong da truc tuyen Directors and the Corporation's Board ty so bong da truc tuyen Directors to strengthen control and support measures.

Facing the long-term interests ty so bong da truc tuyen shareholders, the policy ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors from 2025, the Company needs to innovate comprehensively and comprehensively. First ty so bong da truc tuyen all, separate the roles ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors and the Executive Board, aiming to ensure effective management, avoid conflicts ty so bong da truc tuyen interest and protect transparency in the Company's operations.

Focusing on urgent tasks, promoting the sustainable development ty so bong da truc tuyen the Company, the 2025 Annual General Meeting ty so bong da truc tuyen Shareholders ty so bong da truc tuyen Viglacera Ha Long Joint Stock Company has approved the amendment ty so bong da truc tuyen the Company's Charter, with 2 basic points: First - amend the content in Clause 1, Article 26: "The number ty so bong da truc tuyen members ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors is 07 people" to "The number ty so bong da truc tuyen members ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors is 05 people". Second, amend the content in Clause 1, Article 35: "The Board ty so bong da truc tuyen Directors appoints one (01) member ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors as General Director" to "The Board ty so bong da truc tuyen Directors appoints one (01) member ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors or hires another person as General Director”.

Accordingly, the 2025 Annual General Meeting ty so bong da truc tuyen Shareholders dismissed members ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors who had previously submitted their resignations on March 13. At the same time, 3 new members were elected to the Board ty so bong da truc tuyen Directors, namely Mr. Quach Huu Thuan - Deputy General Director ty so bong da truc tuyen Viglacera Corporation - JSC; Mr. Dang Minh Tam - Director ty so bong da truc tuyen Viglacera Automobile Packaging and Brake Pads JSC; Mr. Le Dinh Tai - Deputy General Director ty so bong da truc tuyen Viglacera Ceramic Tiles Trading JSC. Mr. Nguyen Duc Luyen holds the position ty so bong da truc tuyen Chairman ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors ty so bong da truc tuyen the Company.

To ensure the completion ty so bong da truc tuyen the Company's production and business plan in 2025 with a profit ty so bong da truc tuyen VND 1.55 billion instead ty so bong da truc tuyen a loss ty so bong da truc tuyen VND 60.826 billion in 2024, the Board ty so bong da truc tuyen Directors and the Executive Board proposed a number ty so bong da truc tuyen immediate solutions in the early stages ty so bong da truc tuyen 2025 and are gradually proving to be effective in practice.

Mr. Dinh Quang Huy - member ty so bong da truc tuyen the Board ty so bong da truc tuyen Directors spoke at the General Meeting ty so bong da truc tuyen Shareholders about urgent tasks and solutions to reduce costs and improve the competitiveness ty so bong da truc tuyen the Company's products. According to Mr. Dinh Quang Huy - these are key issues that the new Board ty so bong da truc tuyen Directors ty so bong da truc tuyen Viglacera Ha Long and the Executive Board need to urgently carry out, in order to quickly bring the Company's position and sustainable benefits to shareholders. Hopefully, Viglacera Ha Long, a unit with a good brand and production foundation, with a large domestic and foreign market, will quickly regain its strength and development opportunities in difficult times.

The 2025 Annual General Meeting ty so bong da truc tuyen Shareholders ty so bong da truc tuyen Viglacera Ha Long Joint Stock Company was a great success with the high consensus and unanimity ty so bong da truc tuyen the attending shareholders.