VIX Announces Extraordinary Shareholders’ Meeting Date to Elect Replacement for Board Member

VIX Securities Corporation (stock code: VIX, listed on HoSE) has announced the Extraordinary General Meeting of Shareholders for 2025, scheduled for the morning of November 28th at the Melia Hanoi Hotel.

The upcoming meeting will address three key agenda items: adjusting the 2025 business plan, approving a capital increase plan, and electing a new Board of Directors member. Notably, VIX has not yet disclosed the details of the capital increase proposal.

On October 17th, VIX announced the resignation of Mr. Truong Ngoc Lan from the Board of Directors. In his resignation letter, Mr. Lan cited his desire to focus on his role as CEO and to maintain a clear separation between the Board’s oversight and the CEO’s executive responsibilities.

Mr. Truong Ngoc Lan, born in 1978, holds a Master’s degree in Business Administration. He was appointed CEO of VIX in October 2022 and elected to the Board of Directors in April 2023.

The upcoming meeting will elect a new Board member to replace Mr. Lan for the remainder of the 2021-2026 term.

Regarding the adjustment to the 2025 profit plan, VIX is proposing a pre-tax profit of VND 5,000 billion and a post-tax profit of VND 4,000 billion, representing a 333% increase compared to the plan approved at the 2025 Annual General Meeting.

At the 2025 Annual General Meeting held on May 23rd, VIX shareholders approved a business plan with pre-tax and post-tax profits of VND 1,500 billion and VND 1,200 billion, respectively, marking an 84% and 81% increase from 2024.

Remarkably, VIX has already surpassed its 2025 targets within the first three quarters of the year.

Specifically, in the first nine months of 2025, VIX generated VND 6,178 billion in operating revenue, a 378% increase year-on-year. Pre-tax and post-tax profits reached VND 5,116 billion and VND 4,123 billion, respectively, 7.5 times and 7.4 times higher than the same period last year.

As of September 30, 2025, VIX’s total assets stood at nearly VND 31,535 billion, a 61% increase from the beginning of the year. Of this, VIX invested over VND 16,100 billion in lending activities, primarily margin loans, nearly tripling the figure from the start of the year.

VIX’s FVTPL financial assets as of September 30, 2025, recorded a cost price of VND 9,254 billion. The company invested over VND 5,900 billion in listed stocks, currently realizing a profit of nearly 45%. Three stocks—EIB, GEE, and GEX—account for over VND 1,000 billion. Notably, the cost price of EIB decreased by approximately VND 300 billion compared to the beginning of the year, indicating profit-taking on this stock.

Significantly, VIX no longer holds investments in listed bonds or deposit certificates. Additionally, the scale of entrusted investments has halved to VND 1,385 billion, and unlisted bonds have slightly decreased to VND 838 billion.