That is the speech of Mr. Tran Anh Tuan - Chairman of Sao Bac Dau Board of Directors at the General Meeting of Shareholders of 2020, held on July 22, 2020, with the participation of the Board of Directors, Board of Management and shareholders at headquarters in Ho Chi Minh and video conferences to Hanoi Branch.
At the meeting, Sao Bac Dau Board of Directors summarized the achievements and business activities in the fiscal year (FY) 2019-2020 as well as approved the operation plan in the fiscal year of 2020-2021.
Overview of the General Meeting
In particular, according to a report from Mr. Le Hong Phong - General Director of Sao Bac Dau, although there are many objective factors affecting the business situation in the fiscal year of 2019-2020, the consolidated business results of Sao Bac Dau Corp. and member companies (CTTV) in terms of profit of 72% and revenue of 98% of the plan. The report also gives assessments of business indicators; Market development; Management - Operations and Finance - Liabilities. The fiscal year of 2019-2020 is truly a challenging year for Sao Bac Dau as the global economy has to face with the Covid-19 epidemic with heavy impacts on businesses. However, the stable business results are the clearest evidence for the relentless efforts of the Board of Directors of the Company.
Mr. Le Hong Phong - General Director of Sao Bac Dau reporting at the meeting
General Director Le Hong Phong also stated that the revenue for the fiscal year of 2020-2021 is VND 1,250 billion and the committed profit to share shareholders is VND 13,586 billion. To achieve these goals, the Board of Directors will work together with the Board of Directors to develop focus groups of solutions, while focusing on strengthening business links among affiliates as well as reviewing and amending process of operations
According to a report from Mr. Tran Anh Tuan - Chairman of Sao Bac Dau Board of Directors, in the fiscal year of 2019-2020, the Board of Directors has completed the proposed resolutions, and at the same time, investment companies have initially brought positive results. In addition to the specific plans set out for the fiscal year of 2020-2021, Mr. Tuan also emphasized the development of groups of solutions and accompanying the Government, the small and medium enterprise market to realize the Digital Transformation; At the same time, it shows the social responsibility of the community through its own programs or in association with associations - This will also be the focus towards Sao Bac Dau in the near future.
Mr. Tran Anh Tuan - Chairman of Sao Bac Dau Board approved the report of the Board of Directors
At the end of the meeting, 100% of the attending shareholders voted unanimously for the contents of the meeting. With the recorded efforts for the fiscal year of 2019-2020 and the high consensus from shareholders, it is confident that, in the fiscal year of 2020-2021, Sao Bac Dau Board of Directors will continue to lead the Company in the right direction, continue to bring benefits to shareholders, workers, the community and contribute to boosting the economy after the effects of the pandemic.