PLC: Corporate Governance Report (2017)

PLC: Corporate Governance Report (2017)

CORPORATE GOVERNANCE REPORT

(Year 2017)

Company: Petrolimex Petrochemical Corporation – Joint Stock Company

Address: 18 - 19th Floors, 229 Tay Son Street, Nga Tu So Ward, Dong Da Sistrict, Hanoi

Tel.: 84 – 4 38851 3205

Fax: 84 – 4 38851 3207

Email:

Charter capital: VND 807,988,390,000

Stock code: PLC

I. BOD Activities

Meetings:

No. / Members of BOD / Title / Date becoming/No longer member of BOD / Attendance / Rate / Reasons for not attending
1 / Mr. Pham Ba Nhuan / Chair of Board of Directors / 23/04/2014 / 9 / 100%
2 / Mr. Nguyen Van Duc / Member of Board of Directors cum General Manager / 11/05/2009 / 9 / 100%
3 / Mr. Nguyen Van Khanh / Member of Board of Directors / 11/05/2009 / 9 / 100%
4 / Mr. Vu Van Chin / Member of Board of Directors / 11/05/2009 / 9 / 100%
5 / Mr. Ha Thanh Tuan / Member of Board of Directors / 11/05/2009 / 9 / 100%

II. Board Resolutions

No. / General Mandate No. / Date / Content
1 / 01/ NQ – PLC - DHDCD / 18 Apr 2017 / 1.  Report on operation results, Board of Directors and General Manager of 2016
2.  Consolidated financial statements audited on 31 Dec 2016
3.  Report of Board of Directors on operation results of Board of Directors
4.  Report on evaluating operation results of Supervisory Board and members of Supervisory Board
5.  Remuneration report of Board of Directors and Supervisory Board of 2016:
-  Remuneration for Board of Directors: 1,465,832,575 dongs
-  Remuneration for Supervisory Board: 1,040,698,029 dongs
6. Remuneration plan for members of Board of Directors and Supervisory Board of 2017:
-  In accordance with Regulation on paying salary of PLC
-  Bonus for Management Board: decided by Board of Directors
-  Remuneration for members of Board of Directors: 20% by Deputy General Manager of 2017
-  Remuneration for members of Supervisory Board: 14% of Deputy General Manager of 2017
-  Salary and allowance of Head of Supervisory Board: equal to salary and allowance of Deputy General Manager
-  Salary and allowance of specialized members of Supervisory Board: equal to Head of Supervisory Board of Head of specialized department of PLC
7. Profit distribution 2016
8. Operation plan 2017
9. Select auditing company of financial statements for 2017
1 / 01/NQ - PLC - HDQT / 24 Feb 2017 / 1. Settlement of salary of units in 2016
2. Report on deployment of ERP software
- Accept the results of EY appraisal
- Set up a board for deploying ERP project at PLC: Assigning Mr. Nguyen Van Khanh as Head of the board; Mr. Nguyen Duc Ha, Nguyen Thanh Tuan as members of the board
3. Preparation for holding annual General Meeting of Shareholders 2017; time and place for annual General Meeting of Shareholders 2017
2 / 02/NQ - PLC - HDQT / 29 Mar 2017 / - Approve agenda of annual General Meeting of Shareholders 2017:
1. Report the business operation results in 2016 and business operation plan for 2017
2. Audited Consolidated Financial Statement 2016
3. Report on management and activities of Board of Directors and each member
4. Report on management and activities of Board of Supervisors and each member
5. Report on enter closing of remuneration payment in 2016
6. Statement on profit distribution and dividend payment in 2016
7. Statement on the plan of profit distribution and dividend payment in 2016
8. Statement on the plan of remuneration payment for Board of Directors and Board of Supervisors in 2017
9. Statement on selecting an auditing organization to audit the Financial Statement 2017
10. Other contents under authority of the Annual General Meeting of Shareholders 2017
3 / 03/NQ - PLC - HDQT / 26 Apr 2017 / - Approve plan for setting up funds:
1. Investment Development Fund
2. Welfare Reward Fund
3. Bonus for managers
4 / 04/NQ - PLC - HDQT / 12 May 2017 / - Issues related to deployment of project for office building and apartments for rent at 152 Nguyen Khoai, Ward 2, District 4, Hochiminh City
5 / 05/NQ - PLC - HDQT / 09 Jun 2017 / - Underwrite short-term loans of Petrolimex Petrochemical Corporation -JSC at HSBC Vietnam – Hanoi Branch
Credit line: USD 8,000,000
6 / 06/NQ - PLC - HDQT / 21 Jun 2017 / - Underwrite short-term loans of Petrolimex Petrochemical Corporation -JSC at HSBC Vietnam – Hanoi Branch
Credit line: USD 8,000,000
Time: a maximum of 180 days
7 / 07/NQ - PLC - HDQT / 22 Jun 2017 / - Select audit unit for 2017: KPMG Co., Ltd
8 / 08/NQ - PLC - HDQT / 30 Jun 2017 / Appoint Mr. Nguyen Van Duc as General Manager of Petrolimex Petrochemical Corporation from 15/05/2017
Appoint Mr. Ngo Duc Giang as Deputy General Manager of Petrolimex Petrochemical Corporation 01/12/2016
Approve the amended charter of PLCNĐ company
Approve the amended charter of PLCHC company
9 / 09/NQ - PLC - HDQT / 18 Sep 2017 / Accept and underwrite Petrolimex Asphalt Limited Liability Company to borrow capital at HSBC (Vietnam) One member limited Liability Bank – Hanoi Branch
Total credit limit: USD 20,000,000
Time barred acknowledgement of debt: up to 6 months
10 / 10/NQ - PLC - HDQT / 9 Oct 2017 / Accept and underwrite Petrolimex Chemistry Limited Liability Company short-term loans Military Commercial Joint Stock Bank – SGD1 Branch
Total credit limit: USD 20,000,000
Time barred acknowledgement of debt: up to 6 months
11 / 11/NQ - PLC - HDQT / 10 Oct 2017 / Approve Petrolimex Chemistry Limited Liability Company to change tax code
12 / 12/NQ - PLC - HDQT / 21 Nov 2017 / Accept and underwrite Petrolimex Asphalt Limited Liability Company short-term loans Military Commercial Joint Stock Bank – SGD1 Branch
Total credit limit: USD 15,000,000
Time barred acknowledgement of debt: up to 6 months
12 / 13/NQ - PLC - HDQT / 20 Dem 2017 / Accept and underwrite Petrolimex Asphalt Limited Liability Company short-term loans BNP Paribas Bank – Hanoi Branch, Hochiminh Branch
Total credit limit: USD 7,000,000
Time barred acknowledgement of debt: up to 6 months

III. Change in connected persons/ institutions:

No. / Name of connected persons/institutions / Trading account (if any) / Position of PDMR at the company (if any) / Date to become connected persons/ institutions / Date no longer connected persons/ institutions / Reason
1 / Pham Ba Nhuan
2 / Pham Thi Nguyet
3 / Pham Thi Miet
4 / Pham Thi Dung
5 / Pham Thi Hien
6 / Pham Thi Chien
7 / Pham Van Huan
8 / Tran Thi Luat
9 / Pham Thanh Tung
10 / Pham Nhu Bach
11 / Nguyen Van Duc / 11/05/2009
12 / Bio Thi Quynh Giao
13 / Nguyen Khanh
14 / Nguyen Cuong
15 / Nguyen Van Khuong
16 / Nguyen Van Thiem
17 / Nguyen Thi Thuc
18 / Nguyen Thi Quy
19 / Nguyen Van Khanh / 11/05/2009
20 / Tran Thi Thao Huong
21 / Nguyen Thao Nguyen
22 / To Thi Ngoc Tuyet
23 / Nguyen Van Ninh
24 / Nguyen Thi Hoa
25 / Vu Van Chien / 11/05/2009
26 / Ngo Thi Thuan
27 / Vu Quoc Dinh
28 / Vo Thao Dan
29 / Bui Thi Loan
30 / Vu Quang Khanh
31 / Vu Thi The
32 / Ha Thanh Tuan / 11/05/2009
33 / Tran Thi Thu
34 / Ha Tuan Anh
35 / Ha Tuan Trung
36 / Dao Thi Nguet
37 / Ha Thi Anh Dao
38 / Ha Thi Thu Uong
39 / Tran Thi Minh Ha / 11/05/2009
40 / Le Thi Lien
41 / Le Xuan Tu
42 / Le Xuan Hiep
43 / Le Xuan Hoang
44 / Tran Van Tuyen
45 / Tran Thi Minh Kha
46 / Tran Manh Thuan
47 / Tran Van Thuyen
48 / Tran Thuan
49 / Tran Van Thai
50 / Hoang Van Thanh / 28/11/2013
51 / Tran Thi Thu Oanh
52 / Hoang Van Anh
53 / Hoang Duc Trung
54 / Hoang Minh Chau
55 / Hoang Thi Khuy
56 / Tong Van Hai / 11/05/2009
57 / Tong Huu Hap
58 / Do Thi Cang
59 / Tong Thi Hien
60 / Tong Duy Hien
61 / Ha Thi Thu Huong
62 / Tong Ha Khanh Chi
63 / Tong Nhat Minh
64 / Ngo Duc Giang / 28/11/2013
65 / Phan Le Thu
66 / Ngo Minh Duc
67 / Ngo Vinh Tuong
68 / Nguyen Thi Nga
69 / Ngo Quang Khai
70 / Ngo Thi Kim Oanh
71 / Le Quang Tuan / 21/10/2011
72 / Le Thanh Ha
73 / Le Quang Tao
74 / Nguyen Thi Thao
75 / Le Van Trinh
76 / Ta Thi Dung
77 / Le Ha Thu
78 / Le Lan Phuong
79 / Le Thu Giang
80 / Phuong Thao Hien / 23/01/2014
81 / Le Van Tai
82 / Phuong Mac
83 / O Bich Thuy
84 / Le Anh Duc
85 / Le Van Phuc

IV. Transactions of PDMRs and connected persons/ institutions

1.  List of PDMRs and connected persons

No. / Name / Trading account / Position of PDMR at the company (if any) / Shareholding at the end of the term / Shareholding percentage at the end of the term / Note
1 / Pham Ba Nhuan / 0.0000%
2 / Pham Thi Nguyet / 0.0000%
3 / Pham Thi Miet / 0.0000%
4 / Pham Thi Dung / 0.0000%
5 / Pham Thi Hien / 0.0000%
6 / Pham Thi Chien / 0.0000%
7 / Pham Van Huan / 0.0000%
8 / Tran Thi Luat / 0.0000%
9 / Pham Thanh Tung / 0.0000%
10 / Pham Nhu Bach / 0.0000%
11 / Nguyen Van Duc / 0.1879%
12 / Bio Thi Quynh Giao / 0.0000%
13 / Nguyen Khanh / 0.0000%
14 / Nguyen Cuong / 0.0000%
15 / Nguyen Van Khuong / 0.0000%
16 / Nguyen Van Thiem / 0.0000%
17 / Nguyen Thi Thuc / 0.0000%
18 / Nguyen Thi Quy / 0.0000%
19 / Nguyen Van Khanh / 0.0248%
20 / Tran Thi Thao Huong / 0.0000%
21 / Nguyen Thao Nguyen / 0.0000%
22 / To Thi Ngoc Tuyet / 0.0000%
23 / Nguyen Van Ninh / 0.0000%
24 / Nguyen Thi Hoa / 0.0000%
25 / Vu Van Chien / 0.4764%
26 / Ngo Thi Thuan / 0.2907%
27 / Vu Quoc Dinh / 0.0000%
28 / Vo Thao Dan / 0.0000%
29 / Bui Thi Loan / 0.0000%
30 / Vu Quang Khanh / 0.0000%
31 / Vu Thi The / 0.0000%
32 / Ha Thanh Tuan / 0.1186%
33 / Tran Thi Thu / 0.0100%
34 / Ha Tuan Anh / 0.0000%
35 / Ha Tuan Trung / 0.0000%
36 / Dao Thi Nguet / 0.0000%
37 / Ha Thi Anh Dao / 0.0031%
38 / Ha Thi Thu Uong / 0.0000%
39 / Tran Thi Minh Ha / 0.0461%
40 / Le Thi Lien / 0.0000%
41 / Le Xuan Tu / 0.0000%
42 / Le Xuan Hiep / 0.0000%
43 / Le Xuan Hoang / 0.0000%
44 / Tran Van Tuyen / 0.0000%
45 / Tran Thi Minh Kha / 0.0000%
46 / Tran Manh Thuan / 0.0000%
47 / Tran Van Thuyen / 0.0000%
48 / Tran Thuan / 0.0000%
49 / Tran Van Thai / 0.0000%
50 / Hoang Van Thanh / 0.0000%
51 / Tran Thi Thu Oanh / 0.0000%
52 / Hoang Van Anh / 0.0000%
53 / Hoang Duc Trung / 0.0000%
54 / Hoang Minh Chau / 0.0000%
55 / Hoang Thi Khuy / 0.0000%
56 / Tong Van Hai / 0.0062%
57 / Tong Huu Hap / 0.0000%
58 / Do Thi Cang / 0.0000%
59 / Tong Thi Hien / 0.0000%
60 / Tong Duy Hien / 0.0000%
61 / Ha Thi Thu Huong / 0.0000%
62 / Tong Ha Khanh Chi / 0.0000%
63 / Tong Nhat Minh / 0.0000%
64 / Ngo Duc Giang / 0.0006%
65 / Phan Le Thu / 0.0000%
66 / Ngo Minh Duc / 0.0000%
67 / Ngo Vinh Tuong / 0.0000%
68 / Nguyen Thi Nga / 0.0000%
69 / Ngo Quang Khai / 0.0000%
70 / Ngo Thi Kim Oanh / 0.0000%
71 / Le Quang Tuan / 0.0001%
72 / Le Thanh Ha / 0.0000%
73 / Le Quang Tao / 0.0000%
74 / Nguyen Thi Thao / 0.0000%
75 / Le Van Trinh / 0.0000%
76 / Ta Thi Dung / 0.0000%
77 / Le Ha Thu / 0.0000%
78 / Le Lan Phuong / 0.0000%
79 / Le Thu Giang / 0.0000%
80 / Phuong Thao Hien / 0.0233%
81 / Le Van Tai / 0.0000%
82 / Phuong Mac / 0.0000%
83 / O Bich Thuy / 0.0000%
84 / Le Anh Duc / 0.0000%
85 / Le Van Phuc / 0.0000%

2. Transactions of PDMRs and connected persons/ institutions

No. / Name / Relation with PDMR / Shareholding at the beginning of the term / Shareholding at the end of the term / Reason (buy, sell, transfer, dividend, bonus share...)
Share / Percentage / Share / Percentage
1

3. Other transactions: None

V. Other contents: