The meeting was attended by members of the Board of Directors, Supervisory Board, Board of Management, and all shareholders according to the shareholder register closed on April 15, 2022.
The General Meeting reviewed, discussed, and voted to approve major agenda items, including: 2021 Business and Production Report and 2022 Business Plan; 2021 Audited Financial Statements; 2021 Profit Distribution Plan and 2022 Profit Target; Reports on Activities of the Board of Directors and Supervisory Board in 2021 and orientations for 2022; Proposal on selecting independent auditing firms for fiscal year 2022; Proposal on amending and supplementing the Company Charter; Proposal on dismissal of a Supervisory Board member; Proposal approving the Company's strategic development orientation; and Proposal on asset restructuring for financial balance.
In 2022, the Company's business operations were forecast to face headwinds from post-Covid-19 economic repercussions and delays in the Ca Mau NPK EPC Project, where final acceptance and hand-over experienced significant challenges.
The meeting heard remarks from controlling shareholder representatives, Vinachem capital representatives, and minority shareholders regarding corporate governance, remedial measures for the Ca Mau NPK project, and business operations.
Mr. Luu Ngoc Vinh – Chairman of the Board of Directors summarized the Board's 2021 performance and outlined key priorities to successfully accomplish 2022 business and production targets, including:
+ Mobilizing resources to finalize accounts for the Ca Mau NPK Project, working toward comprehensive project acceptance and hand-over, and resolving liabilities with partners and subcontractors.
+ Continuing the execution of contracts signed in Q1/2022, aggressively participating in tenders to secure contract volume for 2022 as planned.
+ Reviewing and recovering outstanding receivables, expediting settlements of ongoing contracts.
+ Prioritizing commercial exploitation of company infrastructure and completing legal documentation for real estate parcels under management.
Restructuring operational departments, recruiting qualified engineering personnel to fill gaps in production units, and streamlining redundant indirect workforce.
The General Meeting voted with high consensus to approve the Meeting Resolution and Minutes covering all matters submitted by the Board of Directors.
The 2022 Annual General Meeting of Shareholders of Chemical Industry Engineering Joint Stock Company concluded successfully in a spirit of solidarity and shared determination to overcome hurdles and fulfill the 2022 business plan.
Photographs from the 2022 Annual General Meeting of Shareholders:
CECO Information Management – HR & Admin Dept.
