VBC schedules extraordinary meeting to amend charter, elect new supervisory board member

Vinh Plastic, Bags Joint Stock Company (VBC) will hold its 2025 Extraordinary General Meeting of Shareholders on Monday, October 17, 2025, at 2:00 PM. The meeting will take place at the company’s new registered office. Shareholders are invited to approve amendments to the company charter and elect additional members to the supervisory board for the 2022-2027 term.

Key proposed amendments to the company charter include changing the registered office address and updating Article 49 regarding fund allocation. The previous provision limited the Welfare and Reward Fund to not exceed 15% of after-tax profit, while the amended content specifies allocation based on annual results and current legal regulations. The meeting will also address the dismissal of Mr. Tran Ngoc Sam, head of the supervisory board, due to retirement, and the election of Mr. Bui Nam Anh as an additional member.

Shareholders are requested to confirm attendance by October 10, 2025, and access meeting documents online. Decisions regarding charter amendments require approval from shareholders representing at least 65% of total voting shares, while other resolutions need at least 51% approval. Each share holds a par value of VND10,000.