Power Engineering Consulting Joint Stock Company 4 successfully held the Annual General Meeting of Shareholders in 2022

On the morning of June 9th, 2022, at Quinter Central Hotel - Nha Trang, Power Engineering Consulting Joint Stock Company 4 (EVNPECC4) successfully held the 2022 Annual General Meeting of Shareholders (AGMS) in accordance with the order, procedures and laws. Attending and directing the meeting were representatives of EVN Member Council, Capital Management Department, Organization and Human Resource Department of Vietnam Electricity (EVN) and nearly 80 shareholders of EVNPECC4 representing 14,228,406 shares with voting rights attended the General Meeting.

In 2021, the Company faced with many difficulties and challenges, the outbreak of the Covid-19 pandemic with social distancing measures to defeat the pandemic created a significant impact on the Company's production and business activities…

However, with the flexibility and initiative of the Company's executives, together with the outstanding efforts of all employees, in 2021 the Company exceeded all operational targets approved by AGMS (Revenue increased by 16%, profit before tax increased by 27.5% compared to 2020). With the achieved results, in 2021 the Company was one of 7 entities under EVN which were awarded the Excellent Emulation Flag by the Commission for the Management of State Capital at Enterprises (CMSC). Simultaneously, the Company was one of 13 local entities which were awarded the Excellent Emulation Flag by Khanh Hoa Provincial People's Committee for its leading achievement in the Emulation Division of Enterprises (Group 4).

In 2022, the Company's production and business activities have many favorable factors: A number of projects in previous years will be transferred such as: Bac Ai Pumped-Storage Hydropower, many 500kV transmission lines and substations in the South will be executed... It is expected that in 2022, revenue will increase by at least 10%.

The meeting approved the following contents: Report on activities of the Board of Directors (BOD) in 2022; Report of the Executive Board (EB) on operational performance in 2021 and plan in 2022; Report of the Board of Supervisors (BOS); Audited financial statements; Profit distribution plan in 2022, Remuneration report of the BOD, BOS in 2021; Remuneration plan for the BOD,BOS in 2022; Shares issuing plan for paying dividends in 2021; Modify, update and supplement the Company's business lines; Amend and supplement the Company's Charter; Auditor selection plan for auditing financial statements; BOD’s member selection for the term 2022 - 2027.

The meeting elected Mr. Vu Thanh Danh as Member of the BOD for the term 2022-2027.

At the first meeting of BOD, the BOD decided to elect Mr. Le Cao Quyen to hold PECC4’s Chairman of the Board position.