25/042022

DIC GROUP'S ANNUAL GENERAL MEETING: PROFIT PLAN IN 2022 IS EXPECTED TO REACHED VND 1,900 BILLION

On the afternoon of April 22nd 2022, DIC Group (HoSE: DIG) successfully held the Annual General Meeting of Shareholders (AGM) in 2022 with many important contents submitted and passed.

 Photo 1: Overview of the 2022 AGM of DIC Group.

CONFIDENTIAL REVENUE IN 2021 GET VND 3,492 BILLION, PROFIT VND 1,282 BILLION

Reporting at the meeting, Mr. Hoang Van Tang - General Director of DIC Group said that, in the context of the serious Covid-19 pandemic, the Board of Directors, the Executive Board of the parent company and member units simultaneously implementing many positive and drastic solutions for sustainable development of enterprises.

2021 is the first year that DIC Group's profit exceeds VND 1,000 billion. Specifically: Total consolidated revenue reached VND 3,492 billion, reaching 125% of the plan; Consolidated pre-tax profit reached VND 1,282 billion, reaching 89% of the plan, up 42.4% compared to the implementation of 2020.

Notably, in 2021, the DIC Group has compensated for the clearance of about 60ha of clean land in key projects, preparing a large land fund for deployment in the next phase.

Photo 2: Mr. Nguyen Thien Tuan - Chairman of the Board of Directors of DIC Group spoke at the event.

 Photo 3: Mr. Nguyen Hung Cuong, Vice Chairman of the Board of Directors of DIC Group answering questions from shareholders at the event.

The successful capital raising is also one of the outstanding highlights in the production and business picture of DIC Group in 2021. General Director of DIC Group emphasized: “Thanks to this capital, in 2022, DIC Group will focus on accelerating site clearance, project investment, preparing to launch new products, increase revenue and profit in 2022 and the following years”.

Photo 4: Mr. Hoang Van Tang, General Director of DIC Group reported business results in 2021 and business plan in 2022.

Specifically, the company has successfully issued VND 3,500 billion of corporate bonds for the purpose of supplementing capital for business operations and implementing the project of Long Tan Tourist Urban Area (Trade name: DIC Wisteria City Dong Nai); issued 59.55 million shares to pay dividend in 2020 at the rate of 17%; issued 15 million ESOP shares with a total value of VND 225 billion; successfully offered 75 million individual shares.

DIC Group also completed the arrangement of commercial credit loans for projects of VND 2,400 billion. The charter capital of DIC Group is currently VND 4,998.9 billion. On the Vietnamese stock market, in October 2021, 45 companies with a market capitalization of billion USD on HoSE had the appearance of DIC Group with the stock code DIG.

SUSTAINABLE GROWTH TARGETS IN 2022

Based on the implementation results in 2021 and the financial foundation, land fund, and prepared work, DIC Group sets a specific business plan in 2022 as follows: Total consolidated revenue reaches VND 5,000 billion, consolidated profit before tax reached VND 1,900 billion, up 43.2% and 48.2% respectively compared to the implementation in 2021.

In which, the total investment capital to develop the parent company in 2022 is planned to reach VND 11,739.8 billion, 4 times higher than in 2021. In which, VND 10,465.35 billion is used to invest in project development and VND 1,274.45 billion for financial investment.

In the Southern region, the company plans to invest in 9 projects with a total capital of more than VND 6,205 billion in Ba Ria - Vung Tau and Dong Nai. The Western region is expected to invest VND 807.6 billion in the DIC Victory City Hau Giang project. The Northern region will invest VND 1,491 billion in the DIC Nam Vinh Yen City Vinh Phuc Urban Area project (192.91 ha); invested 937 billion VND in DIC Lantana City Ha Nam project (13.55ha).

INCREASE CHARTER CAPITAL TO VND 7,098.6 BILLION IN 2022

The AGM approved the plan to pay dividends in 2021 by shares at the rate of 17% and issue bonus shares at the rate of 5%. Accordingly, DIG Group’s shareholders will receive a dividend and bonus shares of 22%, the implementation time will be in the second quarter of 2022.

The Board of Directors submitted to the AGM for approval the plan to offer 100 million shares to existing shareholders at the ratio 1:0.164, the selling price is VND 30,000 VND/share, 66.4% lower than DIG's share price in 30 sessions from 10th Feb to 23rd March. With VND 3,000 billion, DIC Group plans to use it all to invest in the DIC Wisteria City Dong Nai project, the implementation time is in the Third quarter - Fourth quarter of 2022.

After the above share issuance, the charter capital in 2022 will be raised to VND 7,098.6 billion.

Besides issuing shares, the AGM's Council also unanimously approved the policy of issuing bonds in 2022. The maximum scale of issuance is expected to be VND 2,500 billion or USD 100 million, with a term of 2-7 years to finance capital for projects and increase the scale of working capital. The par value will be VND 1 billion/bond or 100,000 USD/bond.

All shareholder proposals were approved by the shareholders with a high consensus rate of over 96%.

Some pictures at the event:

 Mr. Bui Van Su - Chief Accountant of DIC Group presented the financial report for 2021.

 Mr. Nguyen Quang Tin - Deputy General Director of DIC Group reported on the approval of the policy of issuing bonds in 2022.

Mr. Phan Van Danh - Independent member of the Board of Directors of DIC Group reported on the selection of the auditor for the financial statements in 2022.

All proposals were approved by the AGM.

Communication Department of DIC Group

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