On December 25th, FLC Stone JSC (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, including Mr. Nguyen Duc Cong, Mrs. Tran Thi Huong, Mrs. Vu Thi Minh Hue, and Mr. Nguyen Cong Lai, as well as three members of the Supervisory Board, including Mrs. Nguyen Thi Thom, Mrs. Nguyen Thi Kim Hoa, and Mrs. Nguyen Thi My Le.
Four newly elected members of the Board of Directors include 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 JSC. Mr. Tuan and Mr. Tung also hold important positions in many other companies within the FLC ecosystem. Mr. Thi is an Inspector of the Inspection Division of FLC Group JSC.
Three newly elected members of the Supervisory Board include 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 JSC, and Head of Internal Audit Department of CFS Import Export Investment Trading JSC.
At the General Meeting, the company’s management answered shareholders’ questions, stating that the resignation of some members of the Board of Directors and the Supervisory Board would not significantly affect the company’s orientation, governance, business, or production plans.
The company remains proactive in reviewing and conducting business activities, overcoming difficulties, and executing plans to promote its production and business development. In the near future, the company will also implement 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, the company is working diligently in coordination with UHY Audit and Consulting Company Limited to complete the audit and issue the audited financial statements for the fiscal years 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 of Directors 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 the regulations to report to the State Securities Commission and the Stock Exchange for approval to resume trading of AMD shares.
