KTC successfully held 2025 Annnual General Meeting of Shareholders

In the morning of June 26, 2023, Kien Giang Trading Joint Stock Company (KTC) successfully held its Annual General Meeting of Shareholders for 2025. Attending the meeting was Mr. Dao Duy Hung – Head of the Economic - Enterprise Department of the Finance Department of Kien Giang Province.

The Annual General Meeting of Shareholders for 2025 reviewed and approved the 2024 Board of Directors’ (BOD) performance report and the 2025 operation plan; the 2024 production and business report and the 2025 production and business plan; the Supervisory Board’s report, and several proposals that needed to be approved at the Company’s General Meeting of Shareholders. The total number of shareholders attending the meeting represented 35,951,233 shares of the Company, accounting for 98.57% of the total stockholder voting rights.

In 2024, the global political, economic, and social situation was very complex and difficult to predict, heavily impacted by the instability of prolonged armed conflicts; increasing trade protection policies and technical barriers; record-high gold prices and unstable foreign exchange rates, etc. These factors have posed many challenges for the Vietnamese corporations, including Kien Giang Trading Joint Stock Company. However, the 2024 global economic growth rate still reached 3.5%, which could be seen as a positive signal.

In this context, the management work of the BOD also faced significant pressure. During the last year, the BOD held 3 direct meetings and organized 7 instances to gather opinions in writing from BOD members to promptly provide guidance on the proposals and recommendations from the Executive Board in order to resolve difficulties and address matters within their authority.

Mr. Nguyen Thanh Tung (Chairman of the BOD) presented the BOD's report

During the year, KTC's business sectors consistently ensured safety and stability, offering strong mutual support among the system's value chain, with a total pre-tax profit reaching 117.3% of the plan. Notably, the business results in the canned food exportation and petroleum business were highlights, achieving profit of 185.3% and 131.6% of the plan, respectively. The canned tuna and mackerel/sardines in tomato sauce products under brandname KTCFOOD received the "National Brand" award for the third consecutive time. Following this, the trading and rice export business, as well as the financial investment sectors of the office Dept, showed positive outcomes. The real estate business also received approval from the People's Committee of Kien Giang province regarding the recovery of the 67.5ha New Urban Area Project in Phu Quoc, along with the reimbursement of investment capital to the company.

Employment, income, and policies for workers continued to be ensured. KTC has timely and stable salary payments, with an average of 12,556,000 VND per person per month, achieving 140.54% of the plan; it has fully participated in insurance schemes as mandated, with a total social insurance contribution amounting to more than 11,4 billions VND.

Mr. Dang Van Lanh (BOD Member, General Director) presented the proposals from the Board of Directors.

The achieved results stem from the collective efforts and determination of the Board of Directors and the Executive Board in their focused and flexible leadership to swiftly respond to economic fluctuations, along with the solidarity, dynamism, and creativity of the employees in organizing the implementation of the business targets and plans. The BOD acknowledges and thanks the support of esteemed shareholders, the trust and attachment of valued customers to KTC.

At the General Meeting, Mr. Dao Duy Hung - representative of the State Capital Owner, expressed recognition and praised the results achieved by the Company in 2024, while also urging the Company to strive for a growth target of 8% per year, contributing to the overall socio-economic growth goals of the province in 2025 and beyond; and to pay attention to the implementation of the policy on divestment of State capital in the Company according to Decision No. 1479/QD-TTg, dated November 29, 2022, by the Prime Minister.

Mr. Dao Duy Hung (Head of the Economic & Business Office - Finance Department of Kien Giang Province) gave a speech at the Meeting

In addition, shareholders also requested that the Company pay attention to organizing the Annual General Meeting of Shareholders earlier for shareholders to give feedback on the production and business plan. The opinions of the shareholders were considered, received, and addressed by the BOD at the Meeting, with the goal of ensuring that the Meeting is organized at the legally mandated time; while also ensuring effective management and operation of the company.

Shareholder expressed his opinion at the Meeting

The Meeting also approved several other important proposals, such as the proposal to approve the 2024 audited financial statements, the proposal to approve the 2025 production and business plan, the proposal on the 2024 profit distribution and the 2025 profit distribution plan, the proposal regarding the 2024 remuneration for the Board of Directors, the Supervisory Board, and the Secretary of the Board of Directors, as well as the 2025 remuneration plan for the Board of Directors, the Supervisory Board, and the Secretary of the Board of Directors, and the proposal regarding the divestment of state capital at Kien Giang Trading Joint Stock Company, among others.

Shareholders exercise their voting rights on the matters proposed by the BOD

At the General Meeting, Kien Giang Trading Joint Stock Company expressed deep gratitude to Mr. Vo Van Tan (Chairman of Region II Petroleum Company - One Member Limited Liability Company, former Vice Chairman of KTC's Board of Directors) for his meaningful and dedicated contributions at KTC, before transferring direct management responsibilities to his successor in April this year.

Mr. Vo Van Tan receives flowers of appreciation from KTC's leaders.

Through a serious and responsible working session, the 2025 KTC Annual General Meeting of shareholders was successfully held. The meeting unanimously voted to approve the Minutes and Resolutions of the 2025 annual general meeting of shareholders.

Editorial Board of KTC