On May 7th, 2022, in Long An, Rang Dong Holding Joint Stock Company successfully organized the 2022 Annual General Meeting of Shareholders. The meeting took place when the Covid-19 epidemic situation was under control, the regulations were epidemic prevention is strictly implemented. From the meeting, The Board of Directors announced the report on production and business activities in 2021; developed strategic orientations for businesses in 2022, and elect new members to the Board of Directors.
Participants in the meeting include members of the Board of Directors of Rang Dong Holding Joint Stock Company; Shareholders and representatives of Shareholders of Rang Dong Holding Joint Stock Company.
The list of the General Assembly consists of 3 persons:
- Ho Duc Lam, Chairman of the Board of Directors.
- Nguyen Tran Vinh, Independent member of the Board of Directors.
- Ho Duc Dung, Member of the Board of Directors
At the meeting, Chairman of the Board of Directors Ho Duc Lam said: ” Although 2021 faced many difficulties due to the outbreak of the Covid-19 pandemic, all staff of Rang Dong Plastics has united to implement the plans. The Board of Directors is concerned about the epidemic situation, focusing on ensuring the health of all employees of the Group. To seriously evaluate the management board and evaluate the production and business activities of member companies. On that basis, outline a business development strategy in line with market trends and social needs. Appreciate the business culture when working with partners. Currently, the company has entered the medical supplies manufacturing market; In the future, it will provide a variety of medical products and participate in the production of drugs for hospitals.”
Mr. Ho Duc Dung, General Director of the Company summarized production and business activities; evaluate the Company’s results in 2021 compared to 2020. At the same time, plan development strategies and set goals for 2022.
Rang Dong Plastic’s revenue grew 125%, up 25% compared to the plan.
In 2021, according to the plan, revenue is 2,170.26 billion VND, and profit after tax is 59.74 billion VND. The implementation process achieved revenue of 2,711.37 billion VND, 25% higher than the plan, and profit after tax of 37.72 billion VND, reaching 63% of the plan.
Compared to 2020, the profit after tax of enterprises in 2021 will grow strongly. While the economic situation in 2021 is not very positive due to the epidemic raging for many months, the import and export of goods are difficult, and the source of input materials increases. The above results are the efforts of all employees of the Group, upholding the working spirit and responsibility of individuals and groups.
Rang Dong Plastic sets a revenue target of 2,971 billion VND in 2022; profit after tax is estimated at 70.21 billion VND.
The year 2022 is expected to be a year of great development for the business after the newly built factory of Rang Dong HealthCare comes into operation in parallel with the existing production plants. Therefore, the revenue plan of 2,971 billion VND and profit after tax of 70.21 billion VND have a basis for implementation.
At the same time, businesses focus on promoting promotional activities, increasing brand recognition, and promoting exports of goods to the UK, US, and Canada markets. Preparing to inaugurate Rang Dong HealthCare medical supplies factory next to Rang Dong Long An Plastic office building. In the future, the factory will produce consumable medical supplies for the domestic medical industry and export them abroad. At the same time, cooperate with experts in the medical and pharmaceutical industry to research and produce drugs for hospitals.
During the meeting and voting, the General Meeting approved the election of a new member of the Board of Directors, Mr. Bui Dac Thien for the 2018-2023 term. The members of the Board of Directors highly appreciated the spirit of determination to implement the plans set out to bring the brand name Rang Dong Plastic to greater development.
Summarizing the Board, Chairman of the Board of Directors Ho Duc Lam emphasized: “In 2022, continue to improve the organizational structure and train key personnel; focus on investing in developing technology, machinery, and equipment, completing the factory area, improving production capacity to deserve the name of a company with a history of the development of more than 60 years. Building a team of high-quality staff; meet jobs, ensure life for employees of the Group. Planning development strategies for product lines and categories, focusing on promoting key products such as packaging, imitation leather, etc. for domestic and export markets; balancing investment activities in more efficient sectors. Promote production and business of medical supplies products of Rang Dong HealthCare. Building a medium and long-term plan for the sustainable development of Rang Dong Plastics.”
Rang Dong Holding Joint Stock Company