ANNUAL GENERAL MEETING OF THE SHAREHOLDERS OF XACBANK
The Annual General Meeting (“AGM”) of the Shareholders of XacBank was held on 3 April 2014 from 2 pm to 5 pm in Suld Hall, 4/F, Best Western Tuushin Hotel, Ulaanbaatar, Mongolia with a quorum of 99.05 percent.
The AGM considered the 2013 annual operational and financial results and the 2013 audited consolidated financial statements of XacBank and resolved to:
- Approve the 2013 annual operational and financial results of XacBank;
- Approve the 2013 audited consolidated financial statements of XacBank.
- The AGM considered the distribution of a dividend for 2013 and resolved not to distribute a dividend for 2013.
- The AGM considered and resolved to approve the election and re-election of directors on the Board of Directors of XacBank.
- The AGM considered and resolved to approve the budget of the Board of Directors of XacBank for 2014.
