At 8.30a.m of April 28th 2010 in Golden Sand Resort, Hội An, Đà Nẵng, Southeast Asia Joint Stock Commercial Bank (“SeABank”), which was founded and operates under license No. 0051/NH-GP issued by Governor of the State Bank of Vietnam (SBV) on 25/03/1994; Business Registration Certificate No. 0103006488 initially issued by Hanoi Office of Planning and Investment on 14/01/2005 with 19th amendment made on 31/12/2009, based at No. 25 Trần Hưng Đạo, Hà Nội, held the Annual General Shareholders’ Meeting 2010 (AGM). Through discussion and voting, the AGM agreed to pass the following Resolutions:
1. Resolution 1: Pass the BOD’s report on governance of the bank in 2009.
2. Resolution 2: Pass the report on business results of 2009, financial statements of 2009 and report on duties and orientation for 2010.
3. Resolution 3: Pass the operation report of the Board of Supervisory in 2009.
4. Resolution 4: Pass the allocations to funds from after-tax profit as per auditing results of 2008-2009.
5. Resolution 5: Pass the charter capital increasing plan for 2010. The AGM fully authorizes the BOD to perform necessary procedures and relevant tasks to increase the charter capital to 5.334.656.000.000 VND.
6. Resolution 6: Pass the amendment, supplement of the Charter as per Proposal No. 316/2010/TT-SeABank dated 09/04/2010 by the BOD and fully authorizes the BOD to continue to review and decide over contents of the Charter which need to be amended, supplemented to comply with legal regulations and perform all procedures to submit to the Governor of the SBV for approval, positively contributing to the efficient operation of the bank.
7. Resolution 7: Pass the Regulation on organization and operation of the Board of Directors (BOD). The AGM absolutely authorizes the BOD to continue to review and decide over contents of this Regulation which need to be supplemented, amended for issuance.
8. Resolution 8: Pass the Regulation on organization and operation of the Board of Supervisory (BoS). The AGM absolutely authorizes the BoS to continue to review and decide over contents of this Regulation which need to be supplemented, amended for issuance.
9. Resolution 9: Pass the total remunerations and expenditures of the BOD and BoS in 2010 of at most 5% of SeABank’s after-tax profit in 2010. Authorize the BOD to issue new regulations on remunerations and expenditures of members of the BOD and BoS so as to fit the current conditions.
10. Resolution 10: Pass the share-listing plan and fully authorize the BOD to decide the possible time and implementation plan and get permission from competent authorities for implementation.
11. Resolution 11: The AGM authorizes the BOD to decide over other issues within the authorization of the AGM arisen during the period between two Annual General Shareholders’ Meetings and allows the BOD to authorize the Chairman of the BOD to decide over issues within the authorization of the BOD.
The AGM 2010 finishes at 12a.m of April 28th 2010.
The BOD of SeABank would like to respectfully notify distinguished shareholders
