Chương Dương Corporation (CDC) has announced to the Vietnam Stock Exchange and Ho Chi Minh Stock Exchange (HoSE) that it has received the resignation of Mr. Tran Mai Cuong from his position as a member of the Board of Directors.
In his letter of resignation, Mr. Cuong cited personal reasons for stepping down from his duties as a board member. The Board of Directors will present Mr. Cuong’s resignation to the upcoming 2025 Annual General Meeting of Shareholders for approval.
Additionally, the 2025 Annual General Meeting is expected to elect one additional member to the Board of Directors for the 2023-2028 term.
The Board of Directors also intends to present several issues to the shareholders for approval, including: 2024 production and business results, 2025 business plan, report on the activities of the Board of Directors in 2024 and their 2025 plan, report on the results of the inspection of production and business activities in 2024 and tasks for 2025 by the Company’s Audit Committee and independent members of the Board of Directors, proposal on board remuneration for 2025, proposal on dividend payout for 2025, proposal on the selection of an independent audit firm for 2025, and more.
According to the materials published by CDC for the 2025 Annual General Meeting, the company achieved a total production value of nearly VND 1,273 billion, total revenue of nearly VND 1,169 billion, total investment of nearly VND 201 billion, and a pre-tax profit of nearly VND 11.7 billion, equivalent to 25% of the plan in 2024.
Source: CDC
Based on an assessment of the positive and negative factors affecting the company’s business operations, the Board of Directors proposes the following business plan for 2025 to the General Meeting: Production value of VND 3,198 billion (up 151% compared to 2024), revenue of VND 3,053 billion (up 161%), investment for development of VND 845 billion (up 321%), profit of VND 48.5 billion (up 316%), and capital recovery of VND 2,068.3 billion (up 25.7%).
CDC is known for its involvement in numerous projects, including the Central Garden Complex (328 Vo Van Kiet, District 1, Ho Chi Minh City) with an investment value of VND 400 billion, Tan Huong Apartment Building (118 Tan Huong, Tan Phu District, Ho Chi Minh City) with an investment value of VND 400 billion, Chuong Duong Home Social Housing Project (Street 12, Truong Tho Ward, Thu Duc City, Ho Chi Minh City) with an investment value of VND 1,000 billion, Dong Cau Huong An Residential Area Project (Hương An town, Quế Sơn district, Quảng Nam province) with an investment value of VND 650 billion, and more.
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