Chairman Nguyen Dang Quang’s Wife Steps Down from Vinacafe Bien Hoa’s Board of Directors

Vinacafe Bien Hoa Joint Stock Company (stock code: VCF, HoSE) has announced the minutes of the ballot and the resolution of the written shareholder vote regarding the Board of Directors’ personnel matters.

Accordingly, 8 shareholders representing 26.275 million voting shares participated in this vote. The result shows that shareholders approved the resignation of Ms. Nguyen Thi Hoang Yen from her position as a Board Member before the end of her term.

Ms. Nguyen Hoang Yen is the wife of Mr. Nguyen Dang Quang, Chairman of Masan Group. She has been a member of Vinacafé Bien Hoa’s Board of Directors since May 2013.

Additionally, Ms. Yen holds several key positions within the Masan ecosystem, including Board Member of Masan Joint Stock Company, Non-Executive Board Member of Masan Group, Board Member and Deputy General Director of Masan Consumer Corporation, Chairman of Masan PQ Joint Stock Company,

Chairman and General Director of Cat Trang Limited Liability Company, Chairman of Nam Ngu Phu Quoc One Member Limited Liability Company, Chairman of Masan Long An Limited Liability Company, General Director of Phong Phu – Lam Dong Joint Stock Company, and Board Member of NET Detergent Joint Stock Company.

Currently, she owns nearly 50.89 million MSN shares, accounting for approximately 3.36% of the capital. Additionally, she holds nearly 1.6 million MCH shares, representing about 0.15% of Masan Consumer’s capital.

With the approval of Ms. Nguyen Hoang Yen’s resignation, Vinacafe Bien Hoa’s shareholders also agreed to reduce the number of Board Members for the 2025-2030 term to 3 members. These include Chairman Pham Hong Son and two members, Mr. Huynh Cong Hoan and Ms. Ho Thuy Hanh.

Vinacafé Bien Hoa originated from the Coronel Coffee Factory, later renamed Bien Hoa Coffee Factory, established in 1969 and equitized in 2004.

Masan began planning to acquire Vinacafé Bien Hoa in 2010 by purchasing shares from major funds such as VinaCapital, VF1, Vietcombank Fund, and Vietnam Holding, accounting for approximately 20% of the charter capital.

On January 28, 2011, VCF officially began trading on the HoSE. By September 2011, Masan, through Masan Consumer, publicly offered to purchase 13.32 million VCF shares, equivalent to 50.11% of the capital, at a price of 80,000 VND per share, with a total transaction value of over 1,069 billion VND. Subsequently, Masan Consumer continued to increase its ownership to the current level.

In early 2011, Vinacafé Bien Hoa’s VCF shares were officially listed on the stock exchange. Over the years, VCF has been known as the most expensive stock on the HoSE.

However, Vinacafe Bien Hoa currently does not meet the criteria for a public company, as it “fails to ensure that at least 10% of the voting shares are held by a minimum of 100 investors who are not major shareholders.”

According to the list of securities holders compiled by the Vietnam Securities Depository and Clearing Corporation on July 28, 2025, Vinacafe Bien Hoa has a total of 538 shareholders, including 1 shareholder holding 98.79% of the voting shares and 537 other shareholders holding 1.21% of the voting shares.

The shareholder holding 98.79% of VCF’s voting shares is Masan Beverage One Member Limited Liability Company, a subsidiary of Masan Consumer Joint Stock Company (Masan Consumer, stock code: MCH) – a member of Masan Group.