Overcoming difficulties, reaching the finish line with 107.5% of the production and business plan

According to the Executive Board's Report presented at the Congress, the hydrological situation of hydropower reservoirs in 2023 was relatively favorable. In particular, the average water flow to Don Duong reservoir was approximately the same as in 2022, the average water flow to Ham Thuan reservoir was higher than in the same period in 2022, and the flow to both reservoirs was higher than the average of many years.

Mr. Le Van Quang - Chairman of the Board of Directors is chairing the Congress.

Thanks to favorable hydrology, by December 31, 2023, the entire Company produced 3.1 billion kWh, reaching 107.5% of the annual plan. The production and business activities of the General Meeting of Shareholders in 2023 achieved many positive results when financial indicators such as total revenue, total costs, and total profit after tax all met the plan.

With this result, the Board of Directors submitted to the General Meeting of Shareholders (GMS) to vote and approve the 2023 profit distribution plan with a dividend rate of 28.5%.

In addition to the electricity production results, financial activities created a highlight last year when the Company received VND 52.8 billion in dividends from subsidiaries and associates. Currently, DHHD Company is contributing capital to 04 joint stock companies including: Ha Song Pha Hydropower Joint Stock Company, A Vuong Hydropower Joint Stock Company, Song Ba Ha Hydropower Joint Stock Company and Thuan Binh Wind Power Joint Stock Company. In 2023, the subsidiaries and associates with capital contributed by DHHD all operated effectively.

Regarding governance, according to the Corporate Governance Report presented at the General Meeting, by the end of 2023, the Company had achieved and exceeded the targets approved by the General Meeting of Shareholders in the Resolution of the 2023 Annual General Meeting of Shareholders. The Company's production and business tasks in 2023 have been implemented and achieved good results. In particular, the targets on electricity production, revenue, costs, profits, and dividends all met and exceeded the plan. During the year, the Board of Directors issued 138 Resolutions/Decisions related to production and business operations and construction investment through meetings or written opinions.

According to the Board of Directors' assessment, in 2023, the General Director made great efforts in organizing and implementing tasks according to the Resolution of the General Meeting of Shareholders and the Board of Directors. During the operation process, the General Director regularly reported to the Board of Directors on the production and business situation, financial situation, progress of investment projects and other activities of the Company so that the Board of Directors could give timely instructions. In addition, the General Director maintained a good monthly meeting schedule to summarize, evaluate and learn from experience, and promptly adjust solutions in management and operation in a flexible manner.

With the results achieved in terms of output, revenue, profit, dividends, etc., the Board of Directors highly appreciates the General Director's management work in 2023.

In 2023, the Board of Supervisors closely monitored the Company's operations. During the year, the Board of Supervisors conducted periodic and regular supervision; at the same time, it fully participated in meetings of the Board of Directors, reviewed documents, and contributed opinions on issues discussed by the Board of Directors; regularly monitored the direction, management, and operation of the Company's operations by the Board of Directors and the Board of Directors; and monitored and inspected the Company's operations.

Regarding the 2024 Plan, the Company will focus on repairing fixed assets and making new investments to ensure the safe, stable and efficient operation of equipment and facilities.

The Congress approved the 2024 production and business plan with the following main targets: Electricity production is 3 billion 045 million kWh; implementing 13 major repair projects, 32 regular repair projects; striving to achieve production and business targets, meeting shareholders' expectations.

All issues presented at the General Meeting were approved by shareholders.

In addition to directing the Executive Board in production, business and investment, the Board of Directors will direct issues related to staffing and labor rearrangement; review and adjust the electricity production salary distribution regulations and internal management regulations in accordance with the actual situation of the Company.

Speaking at the Congress, Mr. Nguyen Manh Huan - Member of the Board of Members of Power Generation Corporation 1 (EVNGENCO1 - The controlling shareholder of the General Meeting) congratulated the General Meeting for completing its production and business targets despite facing many difficulties in 2023.

Mr. Nguyen Manh Huan requested the leaders and employees of DH Company to continue to make efforts and promote their experience to complete the production and business targets for 2024 assigned by EVNGENCO1 to ensure effective power supply and meet shareholders' expectations. He added that the dividends received from DH Company contributed to the effectiveness of EVNGENCO1.

Mr. Nguyen Manh Huan - Member of EVNGENCO1 Board of Members

On behalf of the Board of Directors, Mr. Le Van Quang thanked EVNGENCO1 for promptly directing the Representative in the operation, helping the Company achieve good results in production and business. Mr. Le Van Quang said that electricity production in 2024 will face many difficulties due to unfavorable hydrological developments. He hopes to receive timely guidance from EVNGENCO1 to complete the production and business targets in 2024.

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