Hanoi Re successfully holds the Annual General Meeting of Shareholders for 2024

On the morning of April 23, 2024, Hanoi Reinsurance Joint Stock Corporation (Hanoi Re, stock code PRE) successfully held its Annual General Meeting of Shareholders (AGM) for 2024.

The meeting was attended by representatives from Deloitte Vietnam, the corporation's major shareholders, as well as shareholders/proxy shareholders, with a participation rate of 98.55% of the total voting shares of Hanoi Re.

The AGM in 2024 will assess the implementation of the corporation's 2023 plan, discuss and vote on the business plan for 2024, and address other important subjects within the purview of the general meeting of shareholders.

In 2023, despite encountering numerous market difficulties and challenges, Hanoi Re successfully achieved its assigned tasks and targets set by the Annual General Meeting, thanks to a well-directed development strategy and comprehensive implementation of solutions. Specifically, the total revenue for 2023 reached VND 2,990 billion, exceeding the plan by 12%. The pre-tax profit amounted to VND 256.4 billion, completing 115% of the plan, marking the corporation's record profit level since its establishment in 2011. Based on these business results, the General Meeting of Shareholders approved a dividend ratio of 16% on the newly increased charter capital from mid-year of VND 1,044 billion. Over the 10-year period from 2013 to 2023, Hanoi Re has paid out a cumulative cash dividend of up to 158%.

Duirng the meeting, Mr. Trinh Anh Tuan - CEO of Hanoi Re, reported on the capital utilization plan implementation after increasing charter capital, ensuring timely and effective use that surpassed expected outcomes as detailed in the Prospectus.

Hanoi Re's 2024 AGM approved the meeting contents according to the agenda with an absolute consensus of 100% of the voting eligible to participate and vote at the meeting.