DIC CORPORATION ANNUAL GENERAL SHAREHOLDERS MEETING 2018: AIMS TOTAL CONSOLIDATED REVENUE OF VND 2,600 BILLION

The GMS approved 11 issues submitted at the meeting with a consensus of 97%.

Consolidated revenue in 2017 is over VND 1,700 billion, achieving 123.5% of the plan.

By the end of fiscal year 2017, DIC Corp exceeded the set targets with high growth, brought benefits to employees and shareholders. Specifically:

• Total revenue of DIC Corp: VND 1.059,8 billion (reaching 117% of the plan);
• Total consolidated revenue: VND 1,736.9 billion (equivalent to 123.5% of the annual plan);
• Total profit after tax DIC Corp: VND 128.4 billion (reaching 107% of the plan);
• Total consolidated tax profit: VND 202.4 billion (reaching 158% of the annual plan);
• Dividend payment of 6%, in shares.

"DIC Corp will continually maintain sustainable growth, ensure the highest benefits for investors, shareholders and partners," said Nguyen Thien Tuan, Chairman of DIC Corp.

 An important milestone of DIC Corp in 2017 is the successful divestment of 49.65% of state capital, moving to a private economic group on November 28, 2017. After more than 10 months since the official policy of the Ministry of Construction, the depletion of state capital at DIC Corp has been completed, ensuring compliance with the Government's regulations and achieving efficiently, contributing VND 2,274 billion on budget revenue in 2017.

Growth of 10-15% / year from 2018 to 2022

2018 is identified as a pivotal year in the development strategy of DIC Corp in the period 2018 - 2022, marking the turning point to the model of private economic group. DIG is maintained in the VN30.

Mr. Tran Minh Phu – Member of BOD, General Director of DIC Corp reported business results in 2017 and the plan in 2018.

Based on the results achieved in 2017, and the assessment of development capacity and objective conditions of the market, DIC Corp's Board of Directors set out business targets in 2018 as follows:

• DIC Corp's total revenue: VND 2,000 billion (up by 88% compared to 2017);
• Total consolidated revenue: VND 2,600 billion (up by 49.7% compared to);
• Total profit before tax of DIC Corp: VND 310 billion (up by 92.6% compared to 2017);
• Consolidated profit before tax: VND350 billion (up by 37% compared to 2017);
• Total revenue: about VND 4,000 billion.

In the period 2018 - 2022, the Board of Directors set targets of revenue, profit, and development investment capital from 10-15% / year, dividends from 10-15% / year.

The key task in 2018 is to continue to promote the development of urban areas, real estate projects such as high-rise apartment buildings, villas ... For strategy in the period 2018-2022, DIC Corp will expand developing real estate tourism, create short-term revenue sources to actively support capital for large-scale urban projects.

Besides the report on business results in 2017, the plan of the year 2018, the GMS also agreed to pass lots of important issues such as the distribution plan for 2017; approval of investment loan limit in 2018; report of remuneration for members of the Board of Directors, Supervisory Board in 2017; remuneration plan, allowance for members of Board of Directors, Secretariat and Subcommittees in 2018 ...