Saigon General Service Corporation - SAVICO has successfully held the Annual General Meeting of Shareholders in 2013 at SAVICO head office at 68 Nam Ky Khoi Nghia, District 1, Ho Chi Minh City on 5th April, 2013.

Participants include representatives of the State Securities Commission, 126 shareholders and authorized representatives who own 20,594,120 shares, accounting for 82.42% of total voting shares.

Image of shareholders participating in the General meeting

The shareholders discussed and analyzed the reports presented by the Chairman. The General meeting agreed to recognize the difficult economic situation in 2012: increase in inflation, fluctuation in exchange rate and change in bank interest rate. The shareholders expressed their satisfaction for the efforts of SAVICO executive apparatus and collective employees who have overcome all difficulties, in the context where many enterprises have to deal with the risk of loss... Nevertheless, SAVICO kept its strong financial security, ensured the interests of shareholders, well cared for employee lives and actively assisted the community. Achieving this effect is through the service sector such as automotive repair, accessory and spare part trading that helped SAVICO make good the decrease in sales. The shareholders have put a number of questions and positive suggestions for its development. On behalf of the Presidium, Mr. Nguyen Vinh Tho, Chairman of the Board of Directors – General Director answered questions and acknowledged precious comments from the shareholders. At the same time, he affirmed that SAVICO strategy is to focus on promoting services, especially services of used automobile sales and automobile leasing because at present the geographical scope is very large, SAVICO strength is to have long history of trading services and providers always put their trust in SAVICO services of automobile, motorcycle...

On behalf of the Presidium, Mr. Nguyen Vinh Tho, Chairman – General Director of SAVICO answered the shareholders’ opinion

The shareholders agreed with the purchase of 10% dividend in 2012; Plan in 2013: target revenue of 6,000 billion dongs, profit before tax of 70 billion dongs; dividend portion of 12%, but in case SAVICO wants to modify the plan, it must consult shareholders in writing. Particularly the plan of issuing 150 billion dongs of bonds shall depend on the market.

Shareholders voted to approve contents of the General meeting

The General meeting voted to approve the contents presented with highly unanimous spirit of shareholders. The Executive Board believes that with the support and consent of shareholders, the Corporation will exceed the planned criteria approved by the 2013 annual general meeting of shareholders.