The Presidium presides over the Annual General Meeting of Shareholders PV GAS LPG – 2023.
At the meeting, PV GAS LPG summarized the implementation of Plan 2022; Discussing and voting on the production and business plan in 2023, human resources work and other important issues under the decision-making authority of the general assembly.
The meeting was attended by representatives of PetroVietnam Gas Corporation (PV GAS) executives and technical committees: Executives of PV GAS LPG: members of the Board of Directors (BOD), Supervisory Board, Executive Board; Representatives of heads of departments, branches, affiliated entities and shareholders, representatives of shareholders. The members present currently hold 19,913,044 shares representing 54.56% of the total voting shares at the meeting.
The Annual General Meeting listened to and discussed the submissions within the scope of its decision-making authority. Despite many disadvantages in 2022 due to the continuous decline in the share price, the Board of Directors of PV GAS LPG and all employees of the company are determined to make efforts to implement the plan under the motto “innovation and action” and drastic changes in all activities of the unit.
Especially in the production and business field, with the active support of PV GAS, exchanges and cooperation of units in the industry, PV GAS LPG has made good use of opportunities and drastically implemented the contract. Many effective solutions have been well implemented. All of the targets set by the General Assembly were met or even exceeded in 2022. Investment projects are put into operation on schedule. The systems of the LPG filling stations and LPG storage facilities work safely and efficiently.
Mr. Trieu Quoc Tuan – Member of the Board of Directors of PV GAS and Mr. Nguyen Hai Long – Member of the Board of Directors, Director of PV GAS LPG presented flowers to congratulate Mr. Hoang Viet Dung – new Chairman of the Board of Directors of PV GAS LPG.
The meeting took time for shareholders and executives of PV GAS LPG to discuss, share and clarify relevant content. Most of the comments revolved around the production and business plan in 2023, the plan to increase profits in an increasingly competitive environment, and the plan to restructure the company by 2025. In the explanatory section. With Shareholders, Board of Directors The Chairman of the Board of PV GAS LPG reiterates that the company will continue to listen and absorb the positive opinions of shareholders, strive to develop sustainable branded products of PETROVIETNAM GAS and become a leading LPG distributor in the country.
After discussion and debate, the 2023 Annual General Meeting of PV GAS LPG approved the content presented at the meeting. In it, the Annual General Meeting approved the plan to distribute a cash dividend of 3.5%/share capital in 2023.
Regarding human resources, the AGM approved that Mr. Nguyen Thanh Binh – Deputy General Manager of PV GAS – resigned from his position as Member of the Board of Directors/Chairman of the Board of Directors of PV GAS LPG to take on new responsibilities. The AGM also elected Mr. Hoang Viet Dung – Deputy Director of Gas Products Trading Company under PV GAS – as a member of the Board of Directors. Mr. Hoang Viet Dung was also elected Chairman of the Board of PV GAS LPG by the Board of Directors.
Also at the Annual General Meeting in 2023, the representative of the major shareholder of PV GAS LPG, the Vietnam Gas Corporation, Mr. Trieu Quoc Tuan – Member of the Board, praised and appreciated the achievements of the Board and the entire company. Employees of PV GAS LPG in production and operations in 2022.
In order to complete the plan in 2023, Mr. Trieu Quoc Tuan suggested that PV GAS LPG should focus on continuing to guide PV GAS in the implementation of the LPG retail strategy for 2021-2025, recognizing the benefits, especially the benefits of progressive management. capital and goods. By 2025, PV GAS LPG is expected to account for 21.2% of the national civilian LPG market share. The company needs flexible, market-driven business mechanism solutions and good inventory management to limit risks that impact business performance. Rapid development of retail sales channels, especially in the southern market.
At the same time, PV GAS LPG focuses on developing physical facilities for warehouses, gas stations, etc. for the southern market and needs to exploit the maximum efficiency of LPG storage and extraction stations. provision of infrastructure and storage leasing services for unused real estate; Coordinate with PV GAS departments to develop a warehouse relocation plan in Da Nang, Vung Ang…
PetroVietnam Gas Corporation, as the major shareholder, is committed to always guiding, creating favorable conditions and supporting PV GAS LPG in the implementation of the 2023 Production and Business Plan and Residential LPG Retail Strategy. In the following years, the source of LPG commercial goods ensure competitive prices.
Presenting flowers to Mr. Nguyen Thanh Binh, Vice General Manager of PV GAS, congratulating the 2023 PV GAS LPG Annual General Meeting on a great success.
Mr. Nguyen Hai Long – Director of PV GAS LPG Company, on behalf of the Board of Directors and employees of PV GAS LPG, thanked Vietnam Gas Corporation, its customers, partners and especially you, the shareholders, who have always supported, assisted and accompanied PV GAS LPG We rejoice over the years and hope to continue to receive support along the path of development for years to come. PV GAS LPG takes seriously and fully and comprehensively understands the content, PV GAS’ close instructions and shareholders’ opinions, so that PV GAS LPG can successfully complete its business and production plan. business in 2023.
The Annual General Meeting of PV GAS LPG has ended successfully, showing the belief in the goal and efforts to make PV GAS LPG the largest LPG retail entity in the country with the main brand PETROVIETNAM GAS, as well as increasing benefits for the shareholders and investors.