On April 6, 2022, in Ho Chi Minh City, Deo Ca Group Joint Stock Company (DCG) held the 2022 Annual General Meeting of Shareholders (AGM) to review and evaluate the results of production, business activities and implement the Group's 2022 operation plan.

Chairman of the Board of Management Ho Minh Hoang delivered a speech to all shareholders

The report of the Board of Directors at the General Meeting was convincingly presented by the members of the Board of Management according to the management motto: "Manage people - Manage work - Manage profits".

Accordingly, “managing people” with specific goals and specific solutions to attract/recruit, manage training/development human resource, and create motivation for engagement.

“Manage work” is the steps of planning, evaluating, adjusting, checking/approving, implementing/monitoring on the basis of centralized management, coordinating resources, controlling and evaluating results.

“Manage profits” by arranging the management apparatus at subsidiaries, projects, and specialized departments; assign tasks to implement centralized management by blocks; control capital, debt, select subcontractors, suppliers...

Standing Vice Chairman Phan Van Thang presided over the meeting

The report on production and business results in 2021 at the General Meeting showed that Deo Ca Group achieved consolidated revenue of VND 3,853 billion, up 45.6% compared to 2020 and exceeding the plan by 20%. Profit after tax reached VND 410 billion, equal to 2.5 times in 2020, 157% higher than the plan.

2021 is also the year to record many impressive milestones of Deo Ca Group such as the completion of Love Bridge (Cua Luc 1 bridge), Bao Bien tunnel, Thung Thi tunnel, Trung Luong - My Thuan expressway... Especially at Cam Lam - Vinh Hao expressway project, Deo Ca has demonstrated the effectiveness of a different capital mobilization model when completing capital arrangement earliest among the three East North-South Expressway PPP projects.

The Presidium of the Congress

The General Meeting of Shareholders approved the report on the production and business plan for 2022. Deo Ca Group set production and business targets for 2022 with the consolidated revenue was 4,916 billion dong, up 21.1% compared to 2021. Profit after tax target was 472 billion dong, up 15.1%.

Regarding investment activities, the Group continue to work with related parties to complete the approval of the implementation of Dong Dang - Tra Linh, Huu Nghi - Chi Lang, Tan Phu - Bao Loc expressway projects. At the same time, study and approach new projects that are expected to be invested in the form of PPP such as the Ho Chi Minh City - Chon Thanh expressway and complete legal documents and procedures to promote other public investment projects. Deo Ca also plans to increase capital contribution at Deo Ca Traffic Infrastructure Investment JSC to invest in infrastructure projects, real estate... The total capital demand expected to be VND 4,244 billion.

Shareholders vote at the General Meeting

Shareholders all agreed and praised Deo Ca's achievements in 2021, even though this is a time when the whole world is still struggling with natural disasters and Covid epidemics. Speaking at the meeting, shareholder Nguyen Ba Khuong said that Deo Ca Group's business results and operational orientations are very convincing with a specific, transparent and scientific management method.

Also at the General Meeting, shareholders unanimously supported the increase of charter capital by VND 4,234 billion, bringing the charter capital to VND 8,287 billion. At the same time, other shareholders also agreed and wished that the Group would soon join UpCom in this 2022.

TT