THE ANNUAL GENERAL MEETING OF SHAREHOLDERS IN 2021 OF VIETNAM ELECTRIC CABLES WIRE SUCCESSFULLY

The meeting approved the report on business results in 2020 in which total revenue in 2020 reached 10,579 billion VND, exceeded the plan 101.8% and increased 117.15% compared to the implementation in 2019, profit before tax reached 501 VND billion, 50% dividend guarantee. In the context of common difficulties of the country as well as around the world, especially in the field of manufacturing and trading electric cables, the above results are a great effort of the employees of the whole company..

The meeting also agreed to approve the business plan in 2021 of the Company with the following criteria: Revenue is 9,886 billion VND, profit before tax is 486 billion VND and cash dividend in 2021 is 50%.

In 2021, the company will quickly grasp technology trends, materials, products from equipment manufacturers, material suppliers and manufacturers of large electrical cables, to propose research products, thereby based on demand. domestic market, export, select suitable proposed products to put into research and production

The Board of Directors has outlined the development strategy of the Company, emphasizing the goal of "well implementing the goal of revenue and profit according to the business plan approved by the General Meeting of Shareholders", step by step diversifying products. developing the Company to become one of the largest and most reputable electric cable manufacturers in Vietnam.