PVI : SUCCESSFULLY ORGANIZED ANNUAL GENERAL MEETING OF SHAREHOLDERS 2024

PVI SUCCESSFULLY ORGANIZED ANNUAL GENERAL MEETING OF SHAREHOLDERS 2024

• 12:00
• Thursday, 21/03/2024

On 21st March 2024, at the headquarters of PVI Tower, Lot VP2, Pham Van Bach Street, Cau Giay, Hanoi, PVI Holdings held the 2024 Annual General Meeting of Shareholders.

Attending the General Meeting of Shareholders were representatives of major shareholders of PVI: HDI Global SE, Vietnam Oil and Gas Group (Petrovietnam), Funderburk Lighthouse Co., Ltd., International Finance Company (IFC) and other shareholders /authorized person with a participation rate of 94.42% of the total voting shares. Also attending the Congress were representatives of PVI's Executive Board and subsidiaries in the PVI system including: PVI Insurance Corporation, Hanoi Re Reinsurance Joint Stock Corporation, PVI Asset Management Joint Stock Company.

Presidium of Congress including Mr. Jens Holger Wohlthat - Chairman of Board of Directors of PVI; Mr. Nguyen Xuan Hoa - Standing Vice Chairman of the Board of Directors/CEO of PVI; Mr. Duong Thanh Danh Francois - Vice Chairman the Board of Directors of PVI.

Presidium of the AGMS 2024Shareholders voted at the AGMS 2024

Facing many difficulties and common challenges of the entire market, PVI has had certain impacts, however, with the right development strategy and synchronous implementation of solutions, the entire PVI system continues to overcome difficulties and successfully complete all tasks and 2023 plan targets assigned by the General Meeting of Shareholders/Board of Directors.

Specifically, consolidated revenue in 2023 reached 16,083 billion VND, consolidated pre-tax profit reached 1,246 billion VND, exceeding the yearly plan. With business results exceeding planned targets, PVI submitted to the General Meeting of Shareholders a plan to pay dividends of 32% (higher than the level assigned by the General Meeting of Shareholders of 28.5%).

Mr. Nguyen Xuan Hoa - Standing Vice Chairman of the Board of Directors/CEOMr. Duong Thanh Danh Francois - Vice Chairman of the BOD

In the future, PVI aims to continue to hold the No. 1 position in the non-life insurance market in terms of scale and operational efficiency; continue to closely follow and successfully resume services in the oil and gas sector; Strengthen the implementation of insurance services outside the oil and gas sector; Continue to control and improve the efficiency of the retail system, enhance the efficiency of domestic and international reinsurance business. The company sets the task of maintaining an international credit rating of A- for the non-life insurance sector and B++ for the reinsurance sector.

The 2024 PVI Annual General Meeting of Shareholders has approved the meeting contents according to the agenda in the meeting invitation notice (details at: https://pviholdings.com.vn/vi/announcement-detail2?id=67) at high agreed rate.

In particular, the PVI Annual General Meeting of Shareholders approved the 2023 dividend payment rate of 32%, higher than the commitment of the General Meeting of Shareholders (28.5%). This is the ninth consecutive year that PVI has paid a high dividend rate of 20% or more and is the second highest payment rate in PVI's operating history since its establishment.