On April 26th, 2024, following the continuous success and development MP-HOLDINGS successfully organized its Annual General Meeting for the year 2024 at its representative office. The meeting was attended by full participation of the esteemed shareholders and relevant parties.
The annual general meeting is one of the important occasions for the esteemed shareholders, the Board of Directors, and the Executive Board of MP-HOLDINGS to evaluate the company’s performance in the past year and to set new goals, strategies, as well as to share plans and directions for development in the coming time.
Mr. Luu Ho Quang – Chairman of the Board of Directors and CEO of MP-HOLDINGS shared: “We eagerly look forward to receiving constructive contributions from our esteemed shareholders on the topics presented at the Annual General Meeting. This will enable the Board of Directors, the Executive Board, and the Company’s Supervisory Board to assimilate opinions and refine plans and action programs to successfully fulfill the tasks and objectives entrusted by the shareholders’ meeting, thereby building a more stable and sustainable company, aiming for IPO, bringing economic benefits to shareholders, continuously improving the lives of employees within the enterprise, and making increasingly significant contributions to the country’s socio-economic development.”
At this Annual General Meeting, Mr. Nguyen Kien Trien – Director of Project Development, presented the Business Performance Report for 2023 and the business objectives for 2024 of the company. Ms. Tran Thi Tra My – COO, presented the Activity Report for 2023 and the plan for 2024 of the Board of Directors. Other members of the leadership team also presented reports, updating key information from the past year and outlining goals and development plans for the upcoming year. Additionally, the leadership team of MP-HOLDINGS also shared insights into the opportunities and challenges that the company may face in the current and future business and market landscape.
The Annual General Meeting also proceeded to approve important decisions and endorse the company’s management plans and policies, including:
- Business performance results for 2023 and business plans for 2024
- Report on activities of the Board of Directors in 2023 and action plan for 2024
- Report on the activities of the Board of Supervisors in 2023 and the activity plan for 2024
- Audited financial report for 2023
- Remuneration for members of the Board of Directors and the Board of Supervisors
- Profit distribution plan for 2023 and projected profit for 2024
- List of audit firms to audit the financial report for 2024
- Approval of transactions with related parties
- Plan for offering shares to existing shareholders to transfer surplus shares
- Amendments to the company’s charter corresponding to the approved contents
Mr. Nguyen Khac Chu – Former Lai Chau Provincial Party Secretary, Former Chairman of Lai Chau People’s Committee, and a shareholder and advisor of MP-HOLDINGS, shared: “The company’s leadership team is passionate about the development of the mountainous region. The company’s approach to building and developing businesses is not widely known in Vietnam. However, this is a progressive approach that is common worldwide. I sincerely hope that all shareholders will accompany the company on its journey.”
With sincere sharing and active contributions from shareholders, and the support of the entire leadership team, we believe that this shareholders’ meeting has become a great opportunity to promote the development of MP-HOLDINGS.
One of the key highlights of the meeting was the issuance of shares to all shareholders after the completion of the CFO capital mobilization round, along with raising the company’s valuation to 600 billion VND. Throughout the activities and directly at the meeting, MP-HOLDINGS aims to enhance cohesion and promote cooperation between the company and shareholders, while affirming the important role of shareholders in building the success and sustainability of the company’s future.
The annual general meeting of the company in 2024 was successfully conducted. All shareholders aligned with the strategies, plans and other topics that have been raised during the meeting, also highly appreciated the preparation and organization of MP-HOLDINGS.
With the positive outcomes from the 2024 Annual General Meeting, MP-HOLDINGS reaffirms its commitment to its mission of creating sustainable value for shareholders and the community, while also setting the direction for a prosperous and thriving future.
