Annual General Meeting of the Shareholders of TenGer Financial Group (the “Company”)
The Annual General Meeting (“AGM”) of the Shareholders of TenGer Financial Group was held on 26 March 2015 from 9.30am to 5pm in Suld Hall, 4/F, Best Western Tuushin Hotel, Ulaanbaatar, Mongolia with an effective quorum of 100 percent.
The AGM approved the 2014 annual operational and financial results and the 2014 audited financial statements of TenGer Financial Group. The AGM considered the distribution of a dividend for 2014 and resolved not to distribute a dividend for 2014 to the shareholders to ensure the funding for the business growth of the Company.
The AGM considered and resolved to approve the re-election of Ms. Tselmuun Nyamtaishir and Mr. Michael Madden on the Board of Directors of the Company.
The AGM considered and resolved to approve the budget of the Board of Directors of the Company for 2015.