Kon Tum Sugar seeks shareholder approval for related-party transactions

The board of directors of Kon Tum Sugar Joint Stock Company (KTS) has resolved to add to the agenda for its 2025 Annual General Meeting the proposal for approval of related-party transactions. These transactions, which involve shareholders, enterprise managers, and other related parties, will be presented to shareholders for endorsement. The proposed agenda includes a resolution to authorize the board to manage and decide on the remaining aspects of these transactions.

The total value of proposed sales and service provision transactions with related parties is VND 258,849,583,118. Key transactions include sales of sugar products and molasses to companies such as Ngu Coc Import-Export JSC (VND 122,171,428,571), Vuong Quoc Viet Investment JSC (VND 66,993,380,953), and Kim Ha Viet Co., Ltd (VND 45,997,692,380). Additionally, the company seeks approval for purchases of goods and services totaling VND 4,061,229,256 from related parties, including raw materials, chemicals, and transportation services from Kim Ha Viet Co., Ltd (VND 3,268,414,488) and sugarcane seedlings from Tuy Hoa Sugar JSC (VND 613,979,768).

The board requests that shareholders approve all related-party transactions as detailed in the audited financial statements for the 2024-2025 fiscal year. The board will also seek authorization to implement and adjust these transactions as market conditions and business needs evolve. This resolution is effective from the date of signing, September 27, 2025.