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Joint Stock Company Thep Vicasa – Vnsteel (VCA on HoSE) announces Resolution No. 07/NQ_HĐQT-VCA of the Board of Directors on the appointment and dismissal of personnel.

Specifically, the VCA Board of Directors unanimously agreed to dismiss Mr. Huynh Cong Du from the position of General Director for the 2023-2028 term, effective August 9, 2024.

Prior to this decision, Mr. Du had submitted a resignation letter dated August 5, 2024, citing health reasons for his early retirement.

Mr. Du, born in 1966, holds a Metallurgical Engineering degree and has extensive experience working in various positions at subsidiaries of Vietnam Steel Corporation (TVN on HoSE)

In January 2019, he was appointed as the General Director of VCA.

On the other hand, VCA has appointed Mr. Ngo Tien Tho as the new General Director, effective August 9, 2024.

Mr. Tho, born in 1979, previously served as Deputy Director of Thep Vicasa for three years (from June 1, 2020, to April 3, 2023). He currently does not own any VCA shares but represents the owner of nearly 2.3 million shares, equivalent to 15% of the company’s charter capital.

According to VCA’s semi-annual management report for the first half of 2024, Vietnam Steel Corporation is the parent company of VCA, holding 65% of the company’s shares, equivalent to over 9.8 million shares.