On the morning of April 12, 2023, Dien Quang Lamp Joint Stock Company held the 2023 Annual General Meeting of Shareholders; to discuss and approve contents related to production and business results for the period 2018-2022; business strategy orientation for 2023-2027 and other contents under the authority of the General Meeting of Shareholders.
Overview of Dien Quang's 2023 Annual General Meeting of Shareholders
The number of shareholders attending the General Meeting corresponding to the number of shares owned is: 20,559,784 shares, accounting for 74.6% of the total number of voting shares of Dien Quang Lamp Joint Stock Company, ensuring the conditions for conducting the Annual General Meeting of Shareholders according to the provisions of the Company Charter and the Law on Enterprises.
The Shareholders' Meeting elected a new Board of Directors and assigned specific tasks to each member of the Board of Directors and the Supervisory Board for the 2023-2027 term, with 5 members of the Board of Directors and 3 members of the Supervisory Board.
Shareholders vote at the meeting
The personnel are elected based on experience and professional capacity, playing an important role in making major decisions of the company and supervising the activities of the Board of Directors. Dien Quang has been making constant efforts to create a professional business environment, meeting the needs of shareholders and partners and orienting itself to be the leading technology group in Vietnam, specializing in the fields of lighting, electricity, electronics and smart control.
About business strategy for the period 2023 - 2027
- Dien Quang aims to be the leading technology corporation in Vietnam, specializing in lighting, electricity, electronics and smart control. With the main, consistent mission of contributing to the community, through:
- Create and provide quality products, services, and effective smart solutions to meet and lead the needs of consumers and public-private organizations to contribute to the development of Vietnamese society.
- A trusted partner in supporting industries in the fields of electricity, electronics and engineering plastics.
- To implement the proposed strategic development orientation, Dien Quang determines that all of Dien Quang's activities are aimed at meeting two core criteria, which are: QUALITY and CUSTOMER/RESULTS FOCUSED
Mr. Ho Quynh Hung - Chairman of the Board of Directors presented at the Congress
From there, Dien Quang identified a number of key tasks and solutions to be implemented throughout the 2023 - 2027 period, which are:
- Accelerate revenue growth & market share, revenue is expected to increase by an average of 20 - 25% per year.
- Optimize traditional market opportunities by increasing distribution channels and improving marketing & sales efficiency.
- Grasp and promote export and supporting industry.
- Maintaining a prestigious and quality brand for 50 years, pioneering/leading in the lighting industry.
- Continue to digitize & apply technology to serve customers.
Regarding the 2023 plan targets:
Consolidated net revenue: VND 1,200 billion, up 21% compared to 2022; Consolidated pre-tax profit: VND 20 billion; growth: 27%; Dividend: 5%.
Some main directions of operation:
- Restructuring the company according to the technology group model with member companies operating under an autonomous model, responsible for production and business efficiency. Operating in 5 areas: lighting, smart control, household appliances, electrical equipment and solar energy, with 3 main business segments: B2C serving consumers, B2B serving businesses and organizations, B2O - supporting industry and export.
- Repositioning the Dien Quang brand with a single phrase, which is Quality. Where there is Electricity, there is Dien Quang. Where there is Dien Quang, there is Quality. Quality is not only the quality of Products/Solutions, Services but also the quality of human resources, implementation of corporate culture, processes and creativity in the operations of the entire corporation.
