According to the extraordinary resolution of the 2024 Annual General Meeting of Shareholders of Van Lang Technology Investment and Development JSC (HNX: VLA), the Company’s shareholders agreed to dismiss Mr. Pham Dang Hoang Huy from his role as Independent Member of the Board of Directors, honoring his personal request. They also elected a new member to serve for the term 2024 – 2029.
Mr. Duong The Quang
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Mr. Duong The Quang (born in 1973) has been appointed as the new Independent Member of the Board of Directors of VLA. Mr. Quang currently serves as a Member of the Board of Directors and General Director of HD Capital Fund Management JSC; and a Member of the Board of Directors of Saigon Beer, Alcohol and Beverage JSC (UPCoM: BSD).
Additionally, Mr. Quang has previously held the position of General Director of HD Securities JSC (HDS) from 2020 to 2022; General Director of Dong A Bank Securities One-Member LLC (DAS) from 2017 to 2020; General Director of Sao Vang Fund Management JSC (SavaCap) from 2015 to 2017; and Investment Director of VinaWealth Fund Management JSC (VinaCapital) from 2011 to 2015. He does not own any shares in VLA.
Mr. Quang’s addition to the Board is expected to contribute to the standardization of VLA‘s operations as a listed company, enhance the quality of investments, and expand strategic partnerships.
Mr. Nguyen Thanh Tien, Chairman of the Board of Directors of VLA, stated, “The principle of VLA is that investment activities are a serious process of research and understanding, with a value investing approach. VLA values talented individuals in the investment field and will continue to recruit to achieve its goals and vision for the next ten years.”
Van Lang Technology Investment and Development JSC was originally a subsidiary of Vietnam Education Publishing House, established under Decision No. 1338/QD-TCNS dated November 15, 2007. Currently, VLA‘s main business areas include: Real Estate; Hotels and Resorts; and Business Consulting, Training, and Investment.
In 2024, in addition to maintaining its training activities, VLA will focus on providing business investment consulting services in the real estate sector and directly investing in the stock market.
In terms of financial targets, VLA aims to achieve a revenue of 20 billion VND and a pre-tax profit of 3.75 billion VND, representing significant growth compared to the results of 2023. This year, VLA plans to distribute a 4% dividend.
