2021 Annual General Meeting Of Shareholders Tools Joint Stock Company No.1

   Hanoi - On April 23, 2021, Tools Joint Stock Company No.1 held the 2021 Annual General Meeting of Shareholders. 
 

   Attending the Meeting were Mr. Tran Quoc Toan, Secretary of the Party Committee – Chairman of the Board of Directors (Board of Directors) of Machines and Industrial Equipment Corporation; Mrs. Dinh Hong Mai, Chairman of the Trade Union of the Corporation, members of the Board of Directors, Management Board, Executive Board of Tools Joint Stock Company No.1 and 23 shareholders representing 95.51% of ordinary shares with voting rights.
 

   Presiding over the Management Board of the General Meeting were Mr. Tran Quoc Toan- Chairman of the Board of Directors; Mr. Vu Trung Thuc, General Director of the Company. On behalf of the Executive Board, Mr. Do Duc Dung - Deputy General Director of the Company, reported the results of production and business activities in 2020 and divulged the development, production and business, investment plans of the Company in 2021. Ms. Nguyen Thi Nga – Chief Accountant presented a report on the audited 2020 financial statements, the plan for setting up funds and paying dividends in 2020, proposal for setting up funds, paying dividends and selecting an audit unit in 2021. 
 

   Tools Joint Stock Company No.1 has exceeded the main targets by 4% to 6%,  according to the Resolution of the 2020 Annual General Meeting of Shareholders. Despite difficulties due to the impact of the Covid-19 epidemic and the rise of raw material and production costs, the life of labour were secured: the average salary was ~ 9,078 million VND/person/month with welfare regimes, social insurance, health insurance, unemployment insurance, etc. guaranteed.
 

   Representing the Board of Directors, Mr. Vu Trung Thực presented the performance assessment of the Board of Directors and Executive Board in 2020 and directions in 2021. From the performance results of 2020, based on the actual situation of the Company and the market, the Board of Directors established the operation direction, production and business goals with the targets of industrial production value and total revenue with growth rate of ~7% in comparison with 2020.
 

   Mr. Thuc also presented and consulted the General Meeting on amendments in the draft of Charter of Organisation and Operation of the Company, Internal Governance Regulations, Regulations of the Board of Directors and the Board of Supervisors as amended in accordance with the 2020 Law on Enterprises.
 

   The attending shareholders highly appreciated the achievements of the Company over the last year, showed their awareness of the difficulties that the Company had to face and also discussed, contributed their ideas with the Executive Board regarding the production and business activities of the Company. They expressed great belief in the leadership and management of the Board of Directors, Executive Board and the unanimous efforts of the labour in their road to attain 2021’s targets.
 

   The development-oriented policies and solutions for operating the Company in the next period presented at the Annual General Meeting of Shareholders in 2021 were agreed with a high percentage of unanimous votes.
 

   The meeting approved the agenda with a high percentage of consensus with the following important contents: 

   - Report of the Executive Board on production and business results in 2020 and key tasks in 2021.

   - Report on activities of the Board of Directors in 2020, directions in 2021.

   - Report on activities of the Executive Board in 2020, directions in 2021.

   - Report on the settlement of remuneration for the Board of Directors and Board of Supervisors in 2020.

   - Approval of the proposal on the plan for setting up funds and paying dividends in 2020; proposal for setting up funds, paying dividends and selecting an audit unit in 2021, with the exception of the content of the Company's 2020 financial statement is awaiting approval from Machines and Industrial Equipment Corporation. Should there be a change in the capital representation, shareholders shall be consulted in writing.

   - Approval of the report on amendments and supplements to the Charter of Organisation and Operation, Internal Governance Regulations, Operational Regulations of the Board of Directors, Operational Regulations of the Board of Supervisors of Tools Joint Stock Company No.1 in accordance with the Law on Enterprises No. 59/2020/QH14 dated June 17, 2020.

   - Approval of the resolution of the general meeting of shareholders on the to be asked issues presented in the meeting.

   With a high percentage of unanimous votes, the 2021 Annual General Meeting of Shareholders of Tools Joint Stock Company No.1 was a great success. The Board of Directors and employees of the Company are determined to fulfill the targets approved by the Meeting.
 

Some photos taken at the Meeting:

 

Mr. Tran Quoc Toan, Chairman of the Board of Directors giving a speech

 

Mr. Vu Trung Thuc, General Director of the Company presenting the performance assessment of the Board of Directors and Executive Board in 2020 and directions in 2021
 

A shareholder of the Company expressing his opinions

 

Shareholders voting on the contents of the General Meeting