(Date 2021-05-22 15:36:56)
On May 22, 2021, Clever Group Corporation (ADG) held the 2021 Annual General Meeting of Shareholders (“Meeting”). With utmost compliance to Hanoi People's Committee’s regulations on Covid-19 control and prevention, the Meeting was held on a small scale. Shareholders who did not attend the meeting directly could watch the Meeting online and authorize the Chairman to vote.
In the Meeting, important matters were discussed and approved, such as the 2020 Profit Distribution, 2021 Business and Profit Distribution Plans, Capital Increase, corresponding Company Charter and Internal Regulations adjustments, appointment of Independent Member of the Board of Directors.
Based on the 2020 Audited Financial Statements, the undistributed accumulated after-tax profit of the Parent Company as of December 31, 2020 is VND 43 billion. The Meeting approved of the 2020 Profit Distribution plan being payments in forms of 5% cash dividend and 10% stock dividend.
For the 2021 Business Plan, the Meeting approved the plans for consolidated revenue being VND 545 billion, profit being VND 52 billion, corresponding to growth rates of 20.5% and 31.6 respectively. The 2021 dividend payment is expectedly no more than 24% of charter capital. By the end of Q1.2021, Parent Company's after-tax profit reached VND 7.3 billion, increasing VND 2.6 billion compared to Q1.2020 with growth rate of 57,4%. For our business expansion and ecosystem diversification, in 2020 Clever Group has founded a new enterprise named CleverX Online Corporation - the provider of sales solutions on cross-border B2B e-commerce channels - and cMetric Corporation. In early 2021, the Company founded New Class Education Technology Corporation.
According to the Executive Board’s report, in 2020, Covid-19 has left severe impacts on Vietnam and the world’s economics. For Clever Group, the pandemic has caused serious drawbacks to the company performance during Q1 and Q2.2020, failing to realize the annual business plan. However, financial indicators still indicate positive growth that the Company has made, specifically: Parent Company's revenue reaching VND 422 billion, achieving 111% of the plan, Parent Company's after-tax profit being VND 42.2 billion, meeting 98.7% of the plan. Consolidated revenue and profit after tax accomplished 90.6% and 71% of the plan set out respectively.
Regarding the Board of Directors’ structure, the Meeting approved to dismiss Mr. Tran Van Quan from the position of Independent Member of the Board of Directors and elect a new one. As a result, Mr. Tran Anh Nam was elected to hold that position as an Independent Member of the Company’s Board of Directors from May 22, 2021, with the term being 3 years from 2021 to 2023.
Pictures taken at the Meeting:
Clever Group