Annual General Meeting of Shareholders in 2024 of Da Nang Port Joint Stock Company

On April 9, 2024, at Novotel Da Nang Hotel, Da Nang Port Joint Stock Company successfully organized the 2024 Annual General Meeting of Shareholders.

The Congress is pleased to welcome delegates who are representatives of Vietnam National Shipping Lines Corporation (the largest shareholder at Da Nang Port, accounting for 75% of the total shares of Da Nang Port), representatives of Wanhai Lines Singapore (the largest foreign shareholder in Da Nang Port, accounting for 20.29% of the total shares of Da Nang Port), guests and 53/782 shareholders and shareholder representatives, owns 96,790,857 shares with voting rights, accounting for 97.77% of the Company’s total voting shares.

Mr. Phan Bao Loc – Member of the Board presented the following reports: report on activities of the Board of Directors for the 2019-2024 term and Operational directions for the 2024-2029 term; Report on activities of the Board of Directors in 2023 and Directions for activities in 2024; Report on activities of independent members of the Board of Directors. The report clearly states, “During the 2019-2024 term, the Company’s business results always maintained a fairly good growth rate. Total revenue in 2023 increases by 79.61% compared to 2018, the average growth in the 2019-2024 period is 12.57%. Especially in 2021, despite being seriously affected by the Covid-19 pandemic, Da Nang Port still excelled in exceeding VND 1,000 billion in revenue. Pre-tax profit in 2023 is VND 345.22 billion, an increase of 88.25% compared to 2018, the average growth rate over the period of 13.71%. Regarding output, in 2023 it will reach 12.20 million tons, an increase of 41.15% compared to 2018 with an average growth rate of nearly 8% (7.53%). In which container output always accounts for more than 60% of the structure of the proportion of goods throughput through the port, in 2023 it will increase by 82.5% compared to 2018, with an average growth rate of 13.35%. At the same time, excellent completion of work related to production and business activities, capital resources, workers’ lives and shareholder benefits are guaranteed.

The report presented contents related to proactively preparing adequate resources to achieve goals in the 2024-2029 term and tasks assigned by the General Meeting of Shareholders with the theme “Focusing resources”. efforts to expand and develop the seaport and logistics system”. For 2024, the target revenue is 1,380 billion VND, pre-tax profit is 365 billion VND, and the expected dividend rate is 8%. Focus on key tasks of stably managing the company’s operations, ensuring the company’s financial situation is safe and efficient, optimizing profits, and building capital plans for investment and development. in the upcoming period, especially the capital source for implementing the Lien Chieu Port investment project; continue to implement effective cost management; implementing solutions according to the motto “Customer-centric” and “Bringing services to customers’ doorsteps”; continue to improve labor productivity and exploitation efficiency; continue to promote digital transformation, digitization, and strong application of information technology in management, operation, and exploitation. Develop roadmaps, plans and solutions to develop a modern, green seaport system to ensure compliance with regulations and standards, aiming for growth and sustainable development; Pay attention and protect the maximum legal rights and interests of shareholders, ensure harmony of interests between shareholders and employees…

The Congress Presidium voted to approve the following reports: Audited 2023 financial statements, Amendments to business lines and amendments to the Company’s Charter in corresponding content, Profit distribution and dividend payment in 2023, Production and business plan and dividends in 2024, Remuneration of the Board of Directors and Supervisory Board of the Company paid in 2023 and expected in 2024, reports of the Board of Directors and Supervisory Board at the General Meeting of Shareholders. Association, selects an auditing unit for fiscal year 2024.

At the Congress, shareholders raised their opinions for discussion and were thoroughly answered by the Presidium. The Congress also elected a Board of Directors consisting of 06 members, a Supervisory Board consisting of 03 members for the 2024-2029 term.

Closing the Congress, Chairman of the Board Nguyen Dinh Chung, on behalf of Da Nang Port workers, thanked the attention and direction of the Corporation’s leaders, as well as the unanimous support of shareholders who have always supported them. and accompany Da Nang Port to successfully complete production and business tasks in 2023 and the following years.

IT Department