VIETNAM ITALY STEEL JSC SUCCESSFULLY ORGANIZED THE 2024 ANNUAL SHAREHOLDERS MEETING
On the morning of March 27, 2024, Vietnam Italy Steel Joint Stock Company successfully organized the 2024 Annual Shareholders Meeting with the total shares voting right attending the mettting accounting for 99.35%.
Attending the metting, on the side of the major shareholder, the Holding Company - Japan Kyoei Steel Group, Mr. Meguru Nishimura - Senior Executive Officer; on the side of the Vietnam Steel Association, Mr. Dinh Quoc Thai - General Secretary of the Association; Members of the Board of Managers, Supervisory Board and the Shareholders.
Year 2023 was considered as the most difficult year for the steel industry when steel consumption and selling prices plummet in the context of the freezing real estate industry, causing the demand for construction steel to fall down sharply. In that context, the company has made the efforts and synchronously implemented many solutions to reduce costs, ensure production - business activities and stable income for employees. The company has flexibly applied many policies to increase market share in the Northern market from 6.41% in 2022 to 6.61% in 2023.
Based on the forecast of the situation in 2024, Vietnam Italy Steel JSC sets a target of 2024 consumption output reaching 320,000 tons of steel, an increase of 108%; Revenue reaching 4,704 billion VND, an increase of 106%; average salary reaching 13.47 million VND/person, an increase of 105%. The target of an average salary increase of 105% affirms that the Company always strives to take care the employee's lives ....
At the meeting, shareholders approved the reports of the Board of Managers, Supervisory Board and Board of Directors.
The shareholders also voted to approve the plan to buy back the company's shares, the long-term loan plan for the project "Vietnam Italy Steel Smelting and Rolling Factory in Hai Phong" and stop the project "Adjusting production technology of Vietnam Italy steel billet factory in Hai Phong".
At the meeting, the General Shareholders Meeting have dismissed and elected new members of the BOM for the 2024 - 2029 term. Accordingly, shareholders voted to dismiss Mr. Dinh Quoc Thai and elected Mr. Pham Cong Dung as a member of the BOM.
The 2024 Annual Shareholders Meeting ended successfully with high consensus and support from shareholders. In 2024, the Board of Managers, along with the Board of Directors and all employees will continue to gradually overcome difficulties, unite, and make continuous efforts to achieve the production and business plan approved by the General Shareholders Meeting.
Some pictures at the meeting:
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| The President Team runs the meeting |
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| Mr. Meguru Nishimura - Chairman of the BOM reported the BOM's 2023 Results and 2024 Plan |
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| Mr. Yasuhiro Yonemura - General Director reported the results of implementing the 2023 General Meeting Shareholders' resolutions and the 2024 BOD's plan |
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| Mr. Dinh Quoc Thai - Member of the BOM reported at the meeting |
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| The Members of the Board of Managers |
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