Nam Mu Hydropower board approves maintenance transaction

Nam Mu Hydropower Joint Stock Company (HJS) has disclosed a Board of Directors' Resolution (No. 09/QD/HDQT, dated July 17, 2025) approving a related-party transaction. The transaction involves maintenance services for the PaKe hydropower plant, valued at less than VND 500 million.

The counterparty for this transaction is Song Da 9 Joint Stock Company, identified as a related party due to its ownership of over 10% of Nam Mu Hydropower's total ordinary shares. The transaction is slated for implementation in Q3/2025.

Nam Mu Hydropower acknowledged a delay in disclosing this information, attributing it to an objective reason: the absence of the authorized disclosure representative. Under Circular 96/2020/TT-BTC, public companies are required to disclose abnormal information, such as related-party transactions approved by the general meeting of shareholders or board of directors, within 24 hours. The company expressed regret for the oversight and committed to ensuring full and accurate compliance with disclosure regulations in the future.

The resolution mandates the general director to execute the transaction in accordance with current laws and the company's charter. All members of the board of directors, the board of management, functional departments, and affiliated units of Nam Mu Hydropower Joint Stock Company are responsible for implementing this decision. Mr. Tran Xuan Du, chief accountant, is the authorized representative for this disclosure.