SGC - resolution of shareholders’ meeting

SGC - resolution of shareholders’ meeting

Source:www.vse.org.vn

Sagiang Import-Export Corporation (SAGIMEXCO DONG THAP) has informed of resolution of shareholders’ meeting as follows: Article 1: Pass dividend payment in stock for the second time 2007 and listing additional shares Pass dividend payment in stock for the second time 2007 with ratio of 14% On the date of right apportion, shareholder who owns 100 shares will have 14 additionally issued shares. The number of shares is rounded in unit. The fractional parts are paid in cash at the par value. For example: On the date of right apportion, shareholder who owns 180 shares will receive 180 x 14% = 25.20 shares. After being rounded, he actually receives 25 shares and be paid in cash of 0.20 x 10,000 = VND2,000. For shareholders whose shares have been deposited, their shares and cash after being rounded will be distributed at securities companies. Issuing volume: 572,418 shares (equivalent to VND5,724,180,000) Finance source: profit after tax 2007 (after having audited report) Listing 572,418 shares on HOSE. It will be implemented after receiving the license from the State Securities Commission. Article 2: Pass change of investment plan 2007 Do not contribute VND6 billion to set up food process company in the North with FINTEC. Invest to building up Sa Giang prawn-cracker plant for the second stage with capacity of 3,500 – 5,000 tons per year at A1 Sa Dec, Dong Thap worth VND35 billion. It is estimated to start working in January 2008 and put into operation in November 2008. Authorize BOD to implement legal procedures to build Sa Giang prawn-cracker plant. Article 3: Pass adjustment, supplement of policies under law. Article 4: resolution is valid from December 19th 2007.