CONINCO – Press release the 2024 annual general meeting shareholders the Company

Consultant and Inspection Joint Stock Company of Construction Technology and Equipment (CONINCO., JSC) respectfully announces to State management agencies, Press agencies, Professional associations, Customers, Partners, Employees, and Shareholders of the Company "Press Release on the results of the 2024 Annual General Meeting of Shareholders"

PRESS RELEASE

CONSULTANT AND INSPECTION JOINT STOCK COMPANY OF CONSTRUCTION TECHNOLOGY AND EQUIPMENT (hereinafter referred to as CONINCO Company) has its head office at No. 4, Ton That Tung Street, Trung Tu Ward, Dong Da District, Hanoi City.
Business Registration No.: 0100106169 
Stock Code: CNN 
Telephone: 024.38523706 
This press release is sent to state regulatory agencies, press agencies, valued customers, shareholders, and employees regarding the 2024 Annual General Meeting of Shareholders as follows:

 I.     General information about the company and operations in 2023 

CONSULTANT AND INSPECTION JOINT STOCK COMPANY OF CONSTRUCTION TECHNOLOGY AND EQUIPMENT - CONINCO (CONINCO Company) was originally a research institute under the Ministry of Construction, established in April 1979. In June 1994, it was converted into a Grade 1 construction consultancy enterprise under the Ministry of Construction. In December 2006, CONINCO Company was approved by the Ministry of Construction to convert into a joint-stock company. On January 24, 2007, CONINCO Company was granted a Business Registration Certificate as a joint-stock company, operating under the Enterprise Law and the Company's Charter. Currently, CONINCO Company is a public joint-stock company, with its shares (stock code: CNN) traded on the UpCom exchange, having a charter capital of VND 88,000,000,000 (eighty-eight billion Vietnamese dong), of which the ownership ratio of the VIETNAM NATIONAL CONSTRUCTION CONSULTANTS CORPORATION – JSC (VNCC) acs for 19.7%, and other shareholders (organizations and individuals) ac for 80.3%. As of May 2024, the total number of employees in the CONINCO System is nearly 1,500 people.
The results of production and business operations in 2023 marked a successful year for CONINCO, with a signed contract value of nearly VND 1,000 billion; other indicators (Total revenue; Profit before tax; Average income of employees, payment to the state budget, etc.) exceeded 20% of the plan set out in the Resolution of the 2023 Annual General Meeting of Shareholders. This reflects the correct leadership, management, and sustainable development strategy of the Board of Directors, the Board of Directors, and the efforts of all CONINCO employees during the past time.

II.     Summary of the General Meeting proceedings: 

In compliance with the provisions of the Enterprise Law and the CONINCO Company's Charter, on May 27, 2024, CONINCO Company successfully organized the 2024 Annual General Meeting of Shareholders and announced information about the Meeting as follows:
The Chair of the Meeting was Mr. Nguyen Manh Tuan - Member of the Board of Directors, performing his duties as authorized by the Chairman of the Board of Directors, Mr. Nguyen Van Cong, according to the Power of Attorney No. 26/2024/CONINCO/GUQ/CT dated May 25, 2024.
Mr. Le Thanh Minh, Chief of the Board of Directors Office, announced the minutes of verifying the status of shareholders as of 9:00 a.m. on May 27, 2024. There were 29 shareholders and authorized representatives attending the meeting, representing 8,585,298 shares, acing for 97.56% of the total issued shares of the Company (according to the list of shareholders eligible to attend the meeting provided by the Viet Nam Securities Depository and Clearing Corporation as of May 14, 2024), reaching the required quorum to conduct the meeting under the Company's Charter and legal regulations.
The Chair introduced the Secretary of the Meeting and the Vote Counting Committee, which were unanimously approved by the Meeting with a 100% approval rate.
The Secretary of the Meeting presented the Agenda, Rules of the Meeting, and Regulations on the Election of Members of the Supervisory Board, which were approved by the entire Meeting to proceed.
The Chief of the Board of Directors Office, on behalf of the Board of Directors, presented the 2023 report of the Board of Directors.
The Head of the Supervisory Board, on behalf of the Supervisory Board, presented the report on the Supervisory Board's activities in 2023.
The Meeting voted by raising hands to approve the following reports:
•    Report of the Board of Directors for 2023: approved by the majority of voting shareholders (with 01 shareholder voting against).
•    Report of the Supervisory Board on the Company's operations in 2023: approved by the majority of voting shareholders, with no dissenting opinions.
The Chief of the Board of Directors Office presented 06 proposals the Board of Directors. The Meeting discussed the contents of the proposals. The comments raised by the shareholders were recorded and fully and clearly explained by the Chair and relevant departments of the Company.
At the end of the discussion, the Head of the Vote Counting Committee updated the list of shareholders. As of 10:45 a.m., there were 31 shareholders and authorized representatives representing 8,712,025 voting shares, acing for 99% of the total voting shares attending the meeting.
The Meeting voted on the contents of the proposals. Specifically:
1.    The 2023 audited financial statements by International Auditing Company: Approval rate of 99.76%
2.    Plan for profit distribution in 2023: Approval rate of 99.76%.
3.    Business plan, profit distribution plan for 2024: Approval rate of 99.76%.
4.    Approval of the 2023 remuneration settlement and 2024 remuneration plan for the Board of Directors and Supervisory Board: Approval rate of 99.76%.
5.    Approval of the list of independent auditing companies for 2024: Approval rate of 99.76%.
6.    Approval of the dismissal of Mr. Nguyen Huy Quang as a member of the Supervisory Board for the 2022-2027 term: Approval rate of 99.76%.
7.    Approval of the election of Mr. Nguyen Thanh Binh as a supplementary member of the Supervisory Board for the 2022-2027 term: Approval rate of 92.41%.
8.    Approval of the Minutes of the 2024 Annual General Meeting of Shareholders: Approval rate of 100%.
9.    Approval of the Resolution of the 2024 Annual General Meeting of Shareholders: Approval rate of 100%.
The results of the Meeting (Minutes, Resolutions, and related documents) were publicly disclosed in accordance with the provisions of the Securities Law.

III.     Conclusion: 

The 2024 Annual General Meeting of Shareholders of CONINCO Company was organized in compliance with the Company's Charter and current laws and regulations, with transparency and consensus the majority of shareholders.
All items on the Meeting's agenda were implemented and approved with very high approval rates, ensuring compliance with the Meeting's Rules, the Company's Charter, and legal regulations.
In closing the Meeting, the Chair, Mr. Nguyen Manh Tuan, expressed his hope that in 2024, CONINCO will operate better, achieve the targets set out in the Resolution of the 2024 Annual General Meeting of Shareholders, and expand to new potential markets, leading to the company's sustainable development.
Through this press release, CONINCO Company affirms the information provided about the Meeting and kindly requests the support of shareholders, regulatory agencies, the press, customers, partners, and employees in the coming time.
CONINCO commits to continuing its utmost efforts for the development of the construction industry in general and the CONINCO brand in particular, bringing sustainable benefits to customers, employees, and shareholders of the Company.

BOARD OF DIRECTORS’OFFICE  
     CHIEF OF OFFICE
Le Thanh Minh