Ricons holds 14th Annual General Meeting Of Shareholders in 2021

– Maintained and exceeded 2020 business results (in revenue and profit) despite impacts of the COVID-19 pandemic.
– Focused on improving core competitiveness.
– 2021 target is VND 8,100 billion in revenue.

[HCMC, June 24, 2021] Ricons Construction Investment Joint Stock Company organized the 2021 Annual General Meeting of Shareholders (AGM) through virtual communication at Pavilion Building, 53-55 Ms. Huyen Thanh Quan, Vo Thi Sau Ward, District 3, Ho Chi Minh City.

The Presidium of Ricons’ 2021 AGM

In 2021, Ricons will continue promoting its core business of construction, with a view to raising its business scale and brand reputation as the leading company in the Vietnamese construction market.

At the AGM, the Company approved 02 proposals related to the business situation in 2020 and the development orientation in 2021. Some of the main contents are as follows

2020 BUSINESS RESULTS

In 2020, Vietnam’s economy, society and the real estate market in particular were heavily affected by the COVID-19 pandemic. However, with consistent orientation, clear goals, flexible business strategies and outstanding management capacity, Ricons exceeded the business plan targets set by the 2020 General Meeting of Shareholders. Specifically, net revenue reached VND 7,955 billion, equivalent to 106.07% of the target, and profit after tax reached VND 251 billion, equivalent to 100.40% of the target.

Besides encouraging business results, Ricons achieved comprehensive progress in improving branding, management capacity, administrative digitalization, human resources, corporate culture and social contribution.

In the past year, the Company also won bids and started many new projects. The number of simultaneous construction projects reached 47, an increase of 40% compared to 2019. Ricons’ projects covered 30/64 provinces and cities nationwide, up 33% compared to the previous year.

2021 ORIENTATIONS AND TARGETS

Ricons intends to continue accelerating its growth momentum in 2021, with a revenue target of VND 8,100 billion. To achieve this target, the Company will carry out a number of key tasks including improving competitiveness in the core business of construction in Vietnam; elevating the construction industry through research & development, technology upgrade & transfer, productivity improvement; and developing high-quality human resources with expertise, dedication and altruism.

At the AGM, the shareholders also conducted the election of members of the Board of Directors and Supervisory Board for the new term of 2021 – 2026. It is believed that the team of strong leaders with vision and enthusiasm will lead Ricons to reach its targets.

Besides encouraging business results, Ricons achieved comprehensive progress in improving branding, management capacity, administrative digitalization, human resources, corporate culture and social contribution.

In the past year, the Company also won bids and started many new projects. The number of simultaneous construction projects reached 47, an increase of 40% compared to 2019. Ricons’ projects covered 30/64 provinces and cities nationwide, up 33% compared to the previous year.

2021 ORIENTATIONS AND TARGETS

Ricons intends to continue accelerating its growth momentum in 2021, with a revenue target of VND 8,100 billion. To achieve this target, the Company will carry out a number of key tasks including improving competitiveness in the core business of construction in Vietnam; elevating the construction industry through research & development, technology upgrade & transfer, productivity improvement; and developing high-quality human resources with expertise, dedication and altruism.

At the AGM, the shareholders also conducted the election of members of the Board of Directors and Supervisory Board for the new term of 2021 – 2026. It is believed that the team of strong leaders with vision and enthusiasm will lead Ricons to reach its targets.

Board of Directors for the 2021-2026 term

Supervisory Board for the 2021-2026 term