Petrolimex installation no.III dissolves Dong Khoi branch for strategic restructuring

On September 19, 2025, Petrolimex Installation No.III Joint Stock Company (HNX:PEN) officially announced the dissolution of its Branch 38 Dong Khoi, located at 38 Dong Khoi, Sai Gon Ward, Ho Chi Minh City. This decision was formalized through Resolution No. 36/XL3-HĐQT-NQ, issued by the company's board of directors on the same date. The branch's identification code was 0302536580-005.

The primary reason for the dissolution is the company's strategic move to restructure its operations, aiming to streamline its production scale and business lines. Concurrently, the resolution includes the dismissal of Nguyen Huy Nhan from his position as the branch director.

This resolution takes effect from September 19, 2025. All members of the board of directors, supervisory board, board of management, and branch director are tasked with implementing this resolution in accordance with legal regulations and the company's charter. The information was publicly disclosed on the company’s website, penjico.petrolimex.com.vn, on the day of the announcement.