VIMICO approves internal scrap material transactions with TKV affiliates

The board of directors of Vinacomin - Minerals Holding Corporation (VIMICO) has approved transactions for the purchase and sale of scrap materials between VIMICO and entities within the Vietnam National Coal – Mineral Industries Group (TKV). TKV holds 51% or more of the charter capital with voting rights in these entities.

This approval is valid from the resolution date until June 2026 or until the transaction value reaches 10% of VIMICO's total assets, whichever comes first.

Pricing for these transactions will be determined through auctions, bids, or negotiated agreements organized by either the TKV-affiliated units or VIMICO. The total value of these transactions, individually or cumulatively, must not exceed 10% of VIMICO's total assets as recorded in its most recent financial statements.

The general director has been granted full authority to organize or participate in these pricing processes, negotiate, and execute contracts, ensuring the 10% asset value limit is strictly adhered to.