On December 25th, FLC Stone Joint Stock Company (Code: AMD) announced changes to its personnel.
Based on the resolutions of the 2024 Extraordinary General Meeting of Shareholders held on December 24th and the resolution of the Board of Directors on the same day, FLC dismissed all members of the Board of Directors and the Supervisory Board and appointed replacements.
Specifically, FLC Stone dismissed Mr. Bui Van Ngoc from the position of Chairman of the Board of Directors and dismissed four other members of the Board of Directors: Mr. Nguyen Duc Cong, Mrs. Tran Thi Huong, Mrs. Vu Thi Minh Hue, and Mr. Nguyen Cong Lai. Three members of the Supervisory Board were also dismissed: Mrs. Nguyen Thi Thom, Mrs. Nguyen Thi Kim Hoa, and Mrs. Nguyen Thi My Le.
Four new members were elected to the Board of Directors: Mr. Nguyen Thanh Tung, Mr. Do Manh Hung, Mr. Vu Anh Tuan, and Mr. Trinh Quoc Thi (formerly Deputy General Director). Mr. Do Manh Hung was elected as the new Chairman of the Board of Directors.
Mr. Hung, Mr. Tuan, and Mr. Tung are currently members of the Board of Directors of FLC Group Joint Stock Company. Mr. Tuan and Mr. Tung also hold important positions in several other companies within the FLC ecosystem. Mr. Thi is an Inspectorate Officer of the FLC Group Joint Stock Company.
Three new members were elected to the Supervisory Board: Mr. Nguyen Le Thanh, Mr. Le Phuoc Hien, and Mrs. Pham Thi Phuong Mai. Mr. Thanh was appointed as the Head of the Supervisory Board. He currently serves as the Head of Working Capital Department of FLC Group, Chairman of the Supervisory Board of HAI Agrochem Joint Stock Company, and Head of Internal Audit Department of CFS Import-Export Trading and Investment Joint Stock Company.
At the General Meeting, the company’s management answered shareholders’ questions, assuring that the resignation of some members of the Board of Directors and the Supervisory Board would not significantly impact the company’s orientation, governance, business, or production plans.
The company remains proactive in reviewing and implementing business activities, addressing challenges, and executing plans to support its production and business development. In the near future, the company will also introduce policies to attract highly competent and specialized personnel to foster further growth.
On the stock market, AMD shares are currently suspended from trading, with the last trading price at VND 1,100 per share.
The company’s management stated that, based on the approval of the 2022 Annual General Meeting of Shareholders, they are working diligently with UHY Audit and Consulting Company Limited to finalize the audited financial statements for 2022 and 2023.
Regarding the financial statements for the period 2022-2024, the Board of Directors presented the list of independent audit firms to the General Meeting of Shareholders for approval and authorized the Board to select the independent audit firm to perform the review/audit of the financial statements for the period 2022-2024.
After issuing the audited financial statements and successfully holding the Annual General Meeting of Shareholders, the company will proceed with the necessary steps as per legal regulations to report to the State Securities Commission and the Stock Exchange for approval to resume trading of AMD shares.
