Fluctuations in Top Management Personnel at a Series of Businesses Ahead of Shareholders’ Meeting

This week, 16 companies announced dividend payments. Among them, 15 companies pay cash dividends and 1 company pays a combination of cash and stock dividends.

Many changes have occurred in Vitaly Joint Stock Company’s (stock code: VTA) top management in the Management Board and Executive Board. Specifically, the Vitaly Board of Directors approved the resignation of Mr. Cao Truong Thu as Chairman from March 12th at his personal will and will propose his resignation as a member of the Board of Directors for the term 2020 – 2025 to the shareholders’ meeting.

Mr. Cao Truong Thu was elected to the VTA Board of Directors and elected Chairman since May 2020 as a representative of Tổng Công ty Vật liệu Xây dựng số 1 (FiCO – stock code: FIC).

At FiCO, Mr. Thu also holds the position of a member of the Board of Directors, General Director of the company. He is also Chairman of the Board of Directors at FiCO’s subsidiaries and affiliates such as TTC Ceramic Tiles Joint Stock Company (stock code: TTC), Hóa An Joint Stock Company (stock code: DHA), and Chairman of the Board of Directors at Dong Anh Licogi Mechanical Engineering Joint Stock Company (stock code: CKD).

The VTA Board of Directors also approved the appointment of Mr. Pham Viet Thang as the company’s Chairman, replacing Mr. Thu from March 14th. Mr. Thang was also nominated by FiCO and elected to the VTA Board of Directors since May 2020 as a member of the Board of Directors.

At FiCO, Mr. Thang is a member of the Board of Directors, Deputy General Director. He is also the Chief of Control at Hóa An Joint Stock Company and a member of the Board of Directors at TTC Ceramic Tiles Joint Stock Company.

The VTA Board of Directors also approved the resignation of Mr. Luu Huu Thuy as Deputy General Director at his personal will. At the same time, Mr. Nguyen Ngoc Dung was appointed as Deputy General Director in charge of production; Mr. Nguyen Van Son was appointed as Deputy General Director in charge of business.

The changes in VTA’s top management were made just before the annual shareholders’ meeting in 2024, scheduled to take place on April 12th in Binh Duong. The ex-rights date is March 4th.

Hóa An Joint Stock Company appointed Mr. Nguyen Van Luong as General Director from March 13th. Besides DHA, Mr. Luong is also a member of the Board of Directors at two other listed companies, Sonadezi Châu Đức Joint Stock Company (stock code: SZC) and Industrial Urban Development Joint Stock Company No. 2 (stock code: D2D).

Currently, Mr. Luong holds 182,440 shares in DHA. He does not hold any shares in the two companies SZC and D2D. The change in the General Director of DHA took place in the context of the company’s 2024 annual shareholders’ meeting scheduled to be held on April 25th.

_{Translated by AI}