The second Extraordinary Shareholders’ Meeting of FLC was held on the morning of November 11, 2025.
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During the meeting, the FLC shareholders approved the resignation of Board of Directors members Mr. Lê Bá Nguyên, Mr. Nguyễn Chí Công, and Mr. Đỗ Mạnh Hùng, as per their individual resignation letters.
The Supervisory Board also saw changes, with the resignation of Mr. Nguyễn Xuân Hòa as a member.
Three new Board of Directors members were elected, including Mr. Trịnh Văn Nam, Ms. Đỗ Thị Hải Yến, and Ms. Phùng Thị Thu Thảo. The new Supervisory Board member is Ms. Trần Thị Đoan. None of these individuals hold shares in FLC.
The new FLC Board of Directors will consist of 5 members: Mr. Vũ Anh Tuân as Chairman, and members Mr. Nguyễn Thanh Tùng, Mr. Trịnh Văn Nam, Ms. Đỗ Thị Hải Yến, and Ms. Phùng Thị Thu Thảo. The new Supervisory Board will include three members: Mr. Bùi Phạm Minh Điệp, Ms. Trần Thị Mỹ Dung, and Ms. Trần Thị Đoan.
The new 5-member Board of Directors of FLC
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Regarding the changes in the Board of Directors and Supervisory Board, Chairman Vũ Anh Tuân stated that the FLC Board of Directors has recently received resignation letters from several members of both boards. After careful consideration and direct discussions, the Board of Directors found that the reasons for resignation were personal and in compliance with legal regulations and the company’s charter. Upon receiving the resignations, the Board of Directors had no grounds to refuse and could only accept the letters, presenting them to the shareholders for consideration.
To ensure the Board of Directors’ continuous and effective operation, FLC has actively sought, evaluated, and introduced qualified candidates with professional expertise and reputation, in accordance with legal requirements, for the shareholders to elect to the Board of Directors.
Additionally, FLC has established a succession plan and a work handover process among members to ensure uninterrupted company operations.
Bamboo Airways development plan to be announced at the 2026 Annual Shareholders’ Meeting
Regarding the decision to reacquire Bamboo Airways (BAV), FLC’s leadership emphasized that the decision to accept the ownership, management, and operation of Bamboo Airways was made cautiously, comprehensively, and in compliance with regulations. This decision was also based on a proposal from Mr. Lê Thái Sâm, Chairman of Bamboo Airways.
FLC’s leadership acknowledges that reacquiring Bamboo Airways during the group’s comprehensive restructuring is challenging. However, the decision was made with the principle of not disrupting the restructuring process. Secondly, the acquisition, management, and development of Bamboo Airways will follow a timeline aligned with FLC’s current financial and human resource capabilities. Thirdly, the process will be closely monitored to ensure control for the FLC Group.
Currently, FLC is working with several aviation partners, aircraft leasing/purchasing companies, and financial institutions to explore cooperation, technical support, and investment solutions for Bamboo Airways. Resource mobilization will be conducted cautiously, step by step, based on the current financial capacity.
FLC plans to report to the Prime Minister and state management agencies on Bamboo Airways’ development plan for 2025-2030. This plan will be announced at the 2026 Annual Shareholders’ Meeting.
Stock expected to resume trading on UPCOM in Q1/2026
Regarding the process of restoring FLC’s stock trading, the group’s representative stated that they have worked with independent auditing firms and provided financial statements for preliminary assessment. The meeting approved the authorization for the Board of Directors to select an independent auditing firm to conduct reviews, audits, and issue outstanding financial reports.
In 2025, FLC plans to release financial reports for 2021-2024, and in Q1/2026, it will issue the financial report for 2025. After completing the necessary documents, the group will submit the reports to the State Securities Commission and the Stock Exchange to restore stock trading. The stock is expected to resume trading on UPCOM in Q1/2026.
Target to hand over Hausman Premium Residences by June 2026
According to the meeting documents, in the first 9 months of 2025, real estate sales reached nearly VND 1,800 billion, with cash flow from customers at VND 654 billion. Real estate sales for 2025-2026 are estimated at nearly VND 4,000 billion.
The Hausman Premium Residences project within the FLC Premier Parc urban area received its construction permit on March 14, 2025, and has been eligible for sale since June 3, 2025. The FLC Quảng Bình Hotel & Villas project, with 433 rooms, is accelerating its progress and is expected to open in 2026.
To date, the FLC Group has fulfilled its tax obligations and other duties to the state, totaling nearly VND 276 billion. FLC aims to settle all tax debts by the beginning of Q2/2026.
In the hotel and tourism sector, total revenue from room sales and F&B services reached VND 441 billion in the first 9 months. The estimated revenue for this sector in 2025 is nearly VND 700 billion.
Mr. Lê Doãn Linh, Deputy General Director in charge of investment projects at FLC, stated that the group currently has a vast project portfolio with over 50 projects, ranging from tens to thousands of hectares. The total land area is over 10,000 hectares, with a total coastline length of over 30 km across the country. Additionally, the group owns international golf courses, resorts, 5-star hotels, and urban areas catering to various income levels, including social housing.
For 2026, the goals are: first, to continue seeking potential localities for real estate investment, such as Ho Chi Minh City, Hue, Da Nang, Nha Trang, Can Tho, and Lao Cai; second, to expedite legal processes and construction to hand over properties and land titles to customers; third, to accelerate construction at the Hausman Premium Residences, with topping-out expected in November and handover to residents by June next year; and fourth, to implement the government’s policy on social housing, exemplified by the FLC Tropical Ha Long project with 3 social housing buildings, totaling 765 apartments.
– 14:15 11/11/2025
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