“EVNGENCO3 Aspires to Achieve its 2025 Goals with Determination and Dedication.”

Attending the meeting were Mr. Dinh The Phuc – Member of the Members’ Council of Vietnam Electricity Group (EVN), along with representatives of EVN’s departments. On EVNGENCO3’s side, Mr. Dinh Quoc Lam – Secretary of the Party Committee, Chairman of the Board of Directors; Mr. Le Van Danh – Member of the Board of Directors, General Director of the Corporation, members of the Board of Directors, Supervisory Board, Deputy General Directors, leaders of functional departments, member units, affiliated companies of the Corporation and 76 shareholders and authorized representatives, representing 1,115,458,720 voting shares, accounting for 99.2871% of the total shares.

The General Meeting of Shareholders was reported on the results of Production and Business – Investment and Construction – Finance in 2024 and the plan for 2025; Financial Statements for the year ended December 31, 2024, and the profit distribution plan for 2024 of the Corporation; Supplementing business lines, amending and supplementing the Corporation’s Charter; Report on the results of activities in 2024 and the plan for 2025 of the Board of Directors; Adopting the plan for selecting an auditing unit for the financial statements for the period 2026-2028…

In 2024, in the context of global and Vietnamese difficulties, the Corporation made efforts to maintain production and business activities. The total electricity output of the Parent Company was 23.358 billion kWh, reaching 92.14% of the plan approved by the General Meeting of Shareholders, with a total revenue of VND 39,678 billion, completing 98.3% of the plan, and a pre-tax profit excluding exchange rate differences of VND 528 billion.

The power plants operated reliably and stably, meeting the good mobilization of the Power System. The Corporation continued to implement synchronous solutions to improve power generation efficiency, with the goal of reducing heat rate losses of coal-fired power plants to PPA values in 2025. EVNGENCO3 completed 09 major repair projects for generators and many other auxiliary projects; implemented contracts for operation and maintenance, and repair of Phu My 3 and Phu My 2.2 power plants in accordance with EVN’s directions. The Corporation’s power plants always ensured strict compliance with environmental protection regulations, with all indicators within standard limits, good ash management, and promoted ash and slag consumption.

The Corporation restructured a portion of the Mong Duong 1 Power Plant project loan (USD 81.5 million) with domestic commercial loans, contributing to financial cost savings. In 2024, EVNGENCO3 was honored as one of the Top 20 Best Annual Reports in the non-financial sector at the Listed Companies Awards, with the participation of nearly 600 enterprises. On December 31, 2024, the State Capital Management Committee at enterprises issued Decision No. 673/QD-UBQLV approving the actual value of state capital at the time of official equitization of the Parent Company – GENCO 3. Accordingly, on February 18, 2025, GENCO 3 signed a handover minutes of the equitized enterprise to the joint-stock company, completing the equitization process.

Mr. Le Van Danh – Member of the Board of Directors, General Director of EVNGENCO3 reported at the General Meeting

As of May 31, 2025, the electricity output of the Parent Company was 12.121 billion kWh, reaching 123.05% of the plan assigned by EVN in the first 5 months of 2025. The expected electricity output plan for 2025 of EVNGENCO3 is 25.374 billion kWh. The Corporation has proactively prepared sufficient fuel for production, and the generators are always ready to meet the mobilization requirements of NSMO.

Mr. Dinh The Phuc – Member of EVN’s Members’ Council speaking at the Meeting

Speaking at the meeting, Mr. Dinh The Phuc – Member of EVN’s Members’ Council highly appreciated the results achieved by EVNGENCO3 in 2024, especially its efforts to accompany EVN in ensuring power generation to meet the socio-economic development needs. At the same time, he requested the Corporation to maintain stable power generation, proactively ensure fuel sources of coal and gas, and keep the generators ready to meet the System’s demands, promote scientific and technological development, and invest in green and clean energy projects.

Mr. Dinh Quoc Lam – Chairman of EVNGENCO3’s Board of Directors speaking

The Meeting has received the opinions of the leaders of the Vietnam Electricity Group, a major shareholder of PGV. On behalf of the Board of Directors, Mr. Dinh Quoc Lam – Chairman of EVNGENCO3’s Board of Directors committed to making efforts with the Management Board to complete the production and business tasks, preserve and develop investors’ capital, and promote the interests of shareholders, innovation and creativity, and promote the application of new technologies for sustainable development of the Corporation and strive to achieve the economic and technical indicators and plans assigned by the General Meeting of Shareholders.

Shareholders participating in the discussions at the Meeting

The General Meeting of Shareholders approved the election of supplementary members of the Board of Directors and the Supervisory Board (Mr. Ho Anh Tuan – Head of EVN’s Planning Department as a member of EVNGENCO3’s Board of Directors, replacing Mr. Nguyen Minh Khoa; Mr. Nguyen Van Dong – Officer of EVN’s Inspection and Internal Control Department as a member of the Supervisory Board, replacing Mrs. Vu Hai Ngoc) and all contents presented at the Meeting with a rate of 100% of the total voting shares of attending and voting shareholders.