On the morning of June 28, 2025, the 2025 Annual General Meeting of Shareholders of Kinh Bac City Development Holding Corporation (HOSE: KBC) was held at the company's headquarters in Lot B7, Que Vo Industrial Park, Que Vo Town, Bac Ninh Province. The General Meeting was attended by 122 shareholders and authorized persons, representing 478,129,471 shares, which was equivalent to 62.2885% of the total votes of all shareholders of the Corporation. Ms. Nguyen Thi Thu Huong - member of the Board of Directors cum General Director was authorized by Chairman of the Board of Directors – Mr. Dang Thanh Tam to chair the meeting.
On the morning of June 28, 2025, the 2025 Annual General Meeting of Shareholders of Kinh Bac City Development Holding Corporation (HOSE: KBC) was held at the company's headquarters in Lot B7, Que Vo Industrial Park, Que Vo Town, Bac Ninh Province. The General Meeting was attended by 122 shareholders and authorized persons, representing 478,129,471 shares, which was equivalent to 62.2885% of the total votes of all shareholders of the Corporation. Ms. Nguyen Thi Thu Huong - member of the Board of Directors cum General Director was authorized by Chairman of the Board of Directors – Mr. Dang Thanh Tam to chair the meeting.
The presidium of the General Meeting
The Annual General Meeting of Shareholders of Kinh Bac Corporation approved the Report on 2024 business performance - 2025 operation plan & Report on the implementation of the resolutions passed at the General Meeting of Shareholders in 2024 of the Board of Directors; Report on business activities in 2024 and business operation plan in 2025; Approving the report on supervision activities in 2024 of the Supervisory Board; Approving the audited financial statements in 2024 and transactions with related parties presented in the Notes to the audited financial statements in 2024; Approving the plan to select an independent auditor for financial statements in 2025; Approving the report on remuneration for the Board of Directors & Supervisory Board; Salary and bonus of the head of the full-time Supervisory Board and of the Executive Board in 2024; Approving the plan to pay remuneration, salary - bonus and operating expenses to the Board of Directors and the Supervisory Board in 2025; Approving the after-tax profit distribution plan in 2024.
At this meeting, KBC's Board of Directors submitted to shareholders for approval of transactions with a related party which was Hung Yen Investment and Development Corporation (Hung Yen Company) – a subsidiary of which KBC directly owns 85% of charter capital. This is the investor implementing the Khoai Chau urban complex, eco-tourism and golf course project (Khoai Chau project) in Hung Yen province. The Khoai Chau project has a total area of 888.52 hectares, a total investment of 1.5 billion USD, within the framework of strategic cooperation between Trump Organization (USA) and Kinh Bac, expecting to bring to the market the first Trump-branded golf complex, luxury villas and resorts in Vietnam.
Regarding the business plan, the Board of Directors maintains the plan approved by the Extraordinary General Meeting of Shareholders in March 2025, including expected total consolidated revenue of VND 10,000 billion, profit after tax of VND 3,200 billion.
Sharing with shareholders' worries regarding the US tariff issues, the General Director of KBC said that she has actively worked with partners and would try to achieve the net profit target of VND 3,200 billion this year.
In the first quarter of 2025, Kinh Bac recorded consolidated net revenue of VND 3,117 billion; consolidated profit after tax of VND 849 billion, completing 31.17% of the revenue plan and 26.5% of the profit target.
