DAG organizes the Annual General Meeting of Shareholders 2020 » DAG - TẬP ĐOÀN NHỰA ĐÔNG Á

DAG organizes the Annual General Meeting of Shareholders 2020

ĐHĐCĐ thường niên năm 2020 của DAG

June 26, 2020 Annual General Meeting of Shareholders of Dong A Plastic Group Joint Stock Company (DAG) took place at Daewoo Hotel, Ba Dinh, Hanoi with many important contents agreed to by Shareholders.

Attending the meeting were Mr. Nguyen Ba Hung – Chairman of the Board, General Director of DAG; Mr. Vuong Chi Dung, Mr. An Quang Hieu – members of the BOD and full members of the Board of Directors, the Supervisory Board, the Secretariat of the Congress.

ĐHĐCĐ thường niên năm 2020 của DAG
DAG’s Annual General Meeting of Shareholders 2020

At the meeting, reports of the Board of Directors, the Supervisory Board on the performance of DAG in the financial year 2018-2019, as well as proposing the General Meeting of Shareholders to approve the business plan and a number of The orientation of the Board of Directors and the Supervisory Board in the financial year 2017 – 2018 has been approved.

In this year’s agenda, in addition to the annual contents such as years, DAG will conduct re-election of the Board of Directors and the Supervisory Board 2020 – 2025 with 5 members of the Board of Directors and 3 members of the Board of Supervisors. The General Meeting of Shareholders unanimously approved the contents submitted at the General Meeting as well as voting votes through candidates to the members of the Board of Directors and the Supervisory Board for the new term. DAG Board of Directors hopes that the addition of high-level personnel to the Leadership team will help DAG fulfill the strategic goals set out, bringing the highest benefits to customers, shareholders and the community.

With many dynamic solutions, although the plastic market has many challenges, including strong fluctuations in raw material prices, DAG still maintains quite positive business results. In the last fiscal year, DAG’s 2019 revenue closed with 1,635,438 billion VND, accounting for 100.5% and profit after tax of 53,158 billion VND, accounting for 98.5% compared to 2018.

Specifically, in 2019, DAG has made new investments, additional investments and investment in upgrading infrastructures, workshops, machinery and equipment from the parent company to its member companies according to the roadmap, in association with lifting. high management, maximum exploitation of equipment capacity, improve labor productivity and product quality. DAG has focused on producing successfully and marketed DAG plastic panels, Fomex panels, PVSmart plastic planks. At the same time, DAG has expanded its export markets to countries such as Myanmar, Laos, India, ASEAN countries … confirming its name to go around the world. Therefore, despite many difficulties, the revenue results in 2019 are a testament to the right direction of the Board of Directors.

ĐHĐCĐ thường niên năm 2020 của DAG
DAG’s Annual General Meeting of Shareholders 2020

In the first months of 2020, the Covid-19 epidemic was widespread, having a strong and multidimensional impact on economic activities on a global scale. The year 2020 is also the year that forecasts the instability of the market situation due to the increase in fuel prices, resale prices tend to fall, financial costs increase due to tight credit policies but with the goal Sustainable development, the Board of Directors prioritizes ensuring prudence in proposing business plans for the fiscal year 2019 – 2020, but still ensuring the stability and sustainability in business activities. The Board of Directors approved the business plan for 2020 with a turnover of 1,510 billion dong and an after tax profit of 28 billion dong. Along with that is the plan to implement the plan to increase the capital from 517 billion VND in 2019 to 595 billion VND in 2020 by promoting the use of optimal capital source to bring high efficiency in production and business; increase charter capital according to the resolution of the General Meeting of Shareholders 2020.

Overcoming the difficulties along with the sustainable development orientation for its position, the DAG Board of Directors is determined to make its products leading or leading in the industrial plastic industry in the field of building materials. construction and advertising. In 2019, DAG expects to regain momentum of sales growth in the period from 2020 onwards, especially for the domestic market. This will positively impact DAG’s business results in the fiscal year 2019 – 2020.

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