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THE BOARD OF DIRECTORS’ DOCUMENTS( REPORTS, DECISIONS,
REGULATIONS, ..)
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REPORT TO THE SHAREHOLDERS’ 1ST
EXTRAORDINARY GENERAL MEETING 2007
held on July 17,
2007
(Sub:
Augmentation of charter capital from 500,000 million
dong to 1,000,000 million dong)
- Pursuant
to Decree No. 141/2006/ND-CP dated November 22, 2006
by the Government Prime Minister stipulating the
legalized capital of commercial joint-stock banks in
Vietnam up to 2010 must be at least 3,000,000
million dong;
-
According to the trend of development and
integration of Vietnamese economy; based on the
Bank’s operations during the first 06 months of
2007, and the expectation for the remaining 06
months of the year, My Xuyen Bank shall become the
strong and steady development urban bank. Therefore,
to make good premises for implementing the
objectives of development, the increment of charter
capital is a must. That of
THE BOARD OF
DIRECTORS’ MY XUYEN BANK
Respectfully
proposes to the Shareholders’ General Meeting for
approval of adding the charter capital of My Xuyen
Rural Commercial Joint-stock Bank from
500,000million dong to 1,000,000million dong at the
early financial year 2008 (attached scheme)
- Current charter capital: 500,000million dong
- Additional contributing capital: 500,000million
dong
In order to reach the required charter capital as of
December 30, 2008: 1,000,000million dong(a thousand
billion dong).
Respectfully to submit to the Shareholders’ General
Meeting for consideration and approval to the above
mentioned scheme.
Respectfully Yours,
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For and On behalf of the Board of Directors
Chairwoman
(signed)
NGUYEN THI LY
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REPORT
PROPOSAL OF INCREASING THE CHARTER CAPITAL
FROM 500,000million dong to 1,000,000million dong
Pursuant to
Decision No.1122/2001/QD-NHNN by the State Bank of
Vietnam promulgating on September 04, 2001 that
stipulated the rights of the Shareholders relating
to the share capital, the Board of Directors
sincerely submit to the Shareholders’ General
Meeting the scheme of increasing the charter capital
which effects at the beginning of the financial year
2008 as follows
CAPITAL INCREMENT
+ Current
charter capital as of December 31, 2007: 500,000
shares
+ Par value:
1million dong per share
+ Expected
additional charter capital: 500,000million dong
+ In order to
reach the required charter capital as of December
30, 2008: 1,000,000million dong(a thousand billion
dong).
PROPOSED ACTION PLAN
+ Issuance
of registered shares
+ Number of
issues: 500,000shares
+ Par value
upon issue: 1,000,000 per share
+ Total
value of the new issues: 500,000million dong
+ Mode of
capital contribution: in cash
+ Plan of
implementation
a.
Issue 300,000 shares, par value of 1,000,000
each with the total value of 300,000million dong.
Existing Shareholders are targeted distributions at
the rate of 60% of the capital holding by each
Shareholder.
b.
Issue 200,000 shares, par value of
1,000,000dong each with the total value of
200,000milliong dong. Expectedly,
a.
To be distributed to potential legal entities
b.
The Board of Directors is assigned the task
of selecting the mode of issue and making decision
on the offer price to suit the real conditions upon
the date of issue(but the selling price may not be
lower than 2,500,000 per share).
The
difference between the selling price and the issue
price shall be calculated and credited to the fund
of charter capital supplement.
c.
the period of capital increase is expected
from January 10, 2008 to December 31, 2008. The
current Shareholders have the right to transfer
their right to share purchase, but the
transaction must be registered with the Board of
Directors of My Xuyen Bank 10 days prior to the date
of capital contribution.
FEASIILITY
The increase of
My Xuyen Bank’s charter capital in early 2008 is one
of the steps of capital growth by the Bank to suit
its development conditions, in accordance with the
general trend of development nationwide, and meet
the requirements of legal capital. The above
proposal is supposed to be approved by the
Shareholder’s General Meeting.
Sincerely Yours,
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For and On behalf of the Board of Directors
Chairwoman
(signed)
NGUYEN THI LY
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REPORT
TO THE SHAREHOLDERS’ 1ST EXTRAORDINARY
GENERAL MEETING 2007
held on July 17, 2007
(Re: Changing
the mode of dividend payment)
Dear General Meeting,
-
Pursuant to Decision No. 1122/2001/QD-NHNN
dated September 4, 2001 by the Governor of State
Bank of Vietnam on “Stipulating the Share, , and
charter capital of credit institutions”;
-
Pursuant to Decree No. 141/2006/ND-CP dated
November 22, 2006 by the Government Prime Minister
on “Stipulating the level of legal capital of credit
institutions”;
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Pursuant to the Articles of Association of My
Xuyen Bank “Stipulating the rights and
responsibilities of the Shareholders’ General
Meeting”;
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Pursuant to Resolution No.06/2007dated
February 11, 2007 by the Shareholders’ General
Meeting of My Xuyen Bank at the annual meeting held
on February 11, 2007, approving the payment of 100%
of dividends with shares;
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Considering the aspiration and wishes by the
majority of Shareholders;
THE BOARD OF DIRECTORS OF MYXUYEN BANK
Hereby submit
the same to the Shareholders’ General Meeting for
consideration and approval of amending Resolution
No.06/2007dated February 11, 2007 made by the
Shareholders’ General Meeting of My Xuyen Bank at
the annual meeting held on February 11, 2007
regarding the approval of payment of 100% dividends
with shares. The amended contents are specified as
follows:
Payment of 60% of dividends with shares and 40% of
dividends in cash to the Shareholders in 2007. The
dividends shall be determined after settling up and
auditing.
For the
sustainability development of the Bank and for the
sake of the Shareholders’ interests, the foregoing
is proposed to be considered and approved by the
Shareholders’ General Meeting.
Faithfully Yours,
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For and On behalf of the Board of Directors
Chairwoman
(signed)
NGUYEN THI LY
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REPORTTO THE SHAREHOLDERS’ 1ST
EXTRAORDINARY GENERAL MEETING 2007
held on July 17, 2007
Sub: Amending,
Supplementing the Articles of Associations of My
Xuyen Rural Commercial Joint-stock Bank
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Pursuant to Decision 383/2002/QD-NHNN by
State Bank of Vietnam dated April 24, 2002
promulgating the sample of Articles of Association
of state and private commercial joint-stock banks.
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Pursuant to Law on Credit Institutions in
1997 and Law on amending certain Articles of Law on
Credit Institutions in 2004;
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Pursuant to the Articles of Association of My
Xuyen Bank “Stipulating the rights and
responsibilities of the Shareholders’ General
Meeting”;
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Based on the need of developing and expanding
the operating scope, converting the model into an
urban bank for modern and professional operations in
the time to come; the existing Articles of the Bank,
therefore, fail to meet such coming challenges.
The Board of
Directors of My Xuyen Bank hereby submits the Report
to the Shareholders’ General Meeting for
consideration and decision on amending certain terms
and conditions of the Articles of Associations of My
Xuyen Bank(attached Appendix on Amendments)
The said
amendment of the Articles of Association are very
essential and vital to changing the Bank’s operating
patterns as stipulated by Law, and contributing to
the long-term development of My Xuyen Bank.
Therefore, it is proposed to be considered and
approved by the Shareholders’ General Meeting.
Faithfully Yours,
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For and On behalf of the Board of Directors
Chairwoman
(signed)
NGUYEN THI LY
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REPORT
TO THE SHAREHOLDERS’ 1ST EXTRAORDINARY
GENERAL MEETING 2007
held on July 17, 2007
(Re: Introducing
Candidates in the supplementary election into the
Board of Directors)
Dear General Meeting,
-
Pursuant to Decision 1087/2001/QD-NHNN dated
August 27, 2001 by State Bank of Vietnam stipulating
the organization and operations of Boards of
Directors, Boards of Controllers, General Directors
of commercial joint-stock banks owned by the State
and by private sector;
-
Pursuant to Resolution No. 09/2007/NQ-DHDCD
dated February 11,2007 by the Shareholders’ General
Meeting of My Xuyen Bank at the annual General
Meeting held on February 11, 2007 on approving the
staffing organizational structure of the Board of
Directors and Board of Controllers;
We, the current
Board of Directors and Board of Controllers, after
consulting and weighing, have unified in nominating
02 members named herein below, who represent the
capital holdings by 02 legal-entity Shareholders
(Nam Viet Joint-Stock Co., and Ang May Co., Ltd,)
and offer themselves in the supplementary election,
into the Board of Directors, Term IV (2007 – 2012),
for the Shareholders’ General Meeting to consider
and made decision thereon.
The members
being introduced in the supplementary election, into
the Board of Directors, as mentioned below, are the
Shareholders who can fully meet the requirements
under the provisions of the Articles of Association,
the decisions in the banking field and of Law, as
approved by the provincial State Bank in the
principle as mentioned in Official Document No.
270/NHNN-ANG4 dated June 26, 2007. In addition,
these candidates have had a process of studying and
investigating My Xuyen’s operations.
List of candidates:
|
No |
Fullname |
DOB |
Education |
Legal-entity capital’s representative |
Current job title
MXBank I at others |
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1. |
Nguyen Duy
Nhut |
1960 |
Master of
Economics |
Nam Viet
Joint-Stock Co. |
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Director of
Finance |
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2. |
Tran Thi
Thanh Thanh |
1956 |
Undergraduate
graduate |
Ang May Co.,
Ltd |
|
Managing
Director |
Respectfully submit the above
list to the Shareholders’ General Meeting for
approval.
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For and On behalf of the Board of Directors
Chairwoman
(signed)
NGUYEN THI LY
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REPORT
TO
THE SHAREHOLDERS’ 1ST EXTRAORDINARY
GENERAL MEETING 2007
held on
July 17, 2007
Sub:
Replacing the banking management software-solution
Dear
General Meeting,
-
Pursuant to the
Article 29 of the Articles of Association of My
Xuyen Bank stipulating the rights and
responsibilities of the Shareholders’ General
Meeting;
-
Based on the need
of developing and expanding the operating scope,
converting the model into an urban bank for modern
and professional operations in the time to come.
-
The current
solution of Gold River will unable to successfully
meet the needs of multi-functional banking services
which will offer new products and services in
future as of My Xuyen Bank, and therefore, the
replacement of management software-solution is a
must and essentiality in which the banking
management software-solution of Core-Banking is
considered as the preferred choice.
THE
BOARD OF DIRECTORS OF MY XUYEN BANK
Hereby
submits this report to the Shareholders’ General
Meeting for consideration and approval of investing
the banking management software-solution of Core
Banking as specified as follows
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Cost
estimation: USD2,000,000.00(two millions of US
dollars)
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Implementation
steps:
o
Research
o
Hire consultants
o
Screening
suppliers and operating the system of Core Banking
are assigned to the Board of Directors
The
investment of this banking management
software-solution of Core-Banking is extremely
necessary to the operation of a modern bank nowadays
and this will serve perfectly to the
multi-functional My Xuyen bank’s diversity of
services and products in the time to come.
Total
amount for asset, working premises and buying the
Core-Banking will not exceed 30% of charter capital
at the time of investment.
To the
Shareholders’ General Meeting for consideration and
approval.
Faithfully Yours,
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For and On behalf of the Board of Directors
Chairwoman
(signed)
NGUYEN THI LY
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