Ninh Binh Thermal Power Joint Stock Company Annual General Meeting of Shareholders 2023

On June 8, Ninh Binh Thermal Power Joint Stock Company held its 2023 annual general meeting of shareholders.

In 2022, the Board of Directors (BOD) of Ninh Binh Thermal Power Joint Stock Company complied with the Company Charter, the Resolution of the General Meeting of Shareholders and the provisions of law. The BOD and the Board of Directors proactively researched and implemented solutions to improve operational efficiency in order to bring the highest profits to the Company as well as to shareholders.

In addition, employees have tried to complete the targets set by the shareholders' meeting. Therefore, the Company's production and business targets for 2022 have all met and exceeded the set targets.

Specifically: Total production and business revenue reached 932,670.91 million VND, reaching 127.81% of the plan; Electricity production output was 409.07 million kWh, reaching 119.17% of the plan... The company also completed the plan to overhaul and restore boiler units, 66/66 separate equipment projects. All procurement packages for materials and equipment to meet production and business needs were implemented in accordance with the provisions of the Bidding Law.

The Company has implemented and complied with all legal regulations regarding labor safety, environmental protection, fire prevention and fighting, and search and rescue. During the year, there were no labor and environmental incidents.

In 2023, the Congress set out the goals and key solutions, specifically: Strive to successfully complete the tasks of governance and operation of the Company and the economic and financial targets assigned by the General Meeting of Shareholders.

Ensure safe and economical operation of generators. Implement well the plan for major repairs, renovations and upgrades of machinery and equipment, improve equipment readiness, and meet the electricity demand of the national power system.

Preserve and develop shareholders' capital. Improve the material and spiritual life of employees in the Company.

At the meeting, shareholders approved and voted on the following contents: 2022 production and business results, 2023 plan; 2022 audited financial report; 2022 profit distribution plan; salary and remuneration of the Board of Directors, Board of Supervisors in 2022 and plan for 2023; report on the evaluation of the Board of Directors' activities in 2022, tasks in 2023; Report of the Board of Supervisors in 2022; selection of an auditor for the 2023 financial report; amendment of the working regulations of the Board of Directors.

The Congress elected the Board of Directors for the 2023-2028 term, consisting of 5 members; elected the Supervisory Board for the 2023-2028 term, consisting of 3 members. At the same time, the election results of the Chairman of the Board of Directors and Head of the Supervisory Board for the 2023-2028 term were announced.