Mr. Bui Duc Long
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In his resignation letter, Mr. Long stated that at the 2023 Annual General Meeting of Shareholders (AGM) held on April 28, 2023, he was elected as a member of the Board of Management for the term 2020-2025. However, due to personal circumstances and work commitments, he has requested the Board to consider his resignation from his position. Mr. Long’s resignation will take effect from the time it is reviewed and approved by the AGM.
In the 2023 information disclosure, Mr. Long was introduced as the Head of the Organization and Personnel Department of the State Capital Investment Corporation (SCIC).
Following his appointment to the Board in April, Mr. Long was also appointed as a member of the Audit Committee from May 5, 2024, replacing Mr. Nguyen Viet Phuong.
Mr. Long’s resignation comes as NTP announced a 41% increase in net profit for the first half of the year, reaching VND 347 billion, while revenue improved by 4% to VND 2,600 billion.
For 2024, NTP has set targets of VND 5,400 billion in revenue and VND 555 billion in pre-tax profit. As of the first six months, the company has achieved 49% and 75% of these targets, respectively.
Additionally, the resignation comes on the heels of SCIC‘s announcement of its second round of divestments for 2024, which includes several listed companies, among them NTP. In the list, SCIC recorded its contributed capital in NTP at nearly VND 481 billion, equivalent to a 37.1% stake.
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