TNG extends ESOP share payment deadline due to severe weather

TNG Investment and Trading Joint Stock Company's board of directors has resolved to extend the deadline for payments related to its 2025 Employee Stock Ownership Plan (ESOP). The payment period, initially set to end on October 8, 2025, has been prolonged until October 12, 2025. This decision, formalized in a resolution issued on October 8, 2025, comes in response to severe storms and flooding in Thai Nguyen Province during early October, which significantly disrupted employees' ability to make payments for their ESOP shares.

The extension was approved unanimously by the board of directors, with all six voting members casting votes in favor. The resolution follows an approval from the State Securities Commission on September 11, 2025, for the ESOP share issuance, and aligns with resolutions from the company's annual general meeting of shareholders and the board of directors concerning the 2025 ESOP.

Under the new resolution, the chairman of the board, as the company's legal representative, is tasked with overseeing the necessary implementation and any adjustments to finalize the 2025 ESOP share issuance. The board of general directors and the accounting department are responsible for guiding employees through the payment process within the extended timeframe, while the internal audit committee will ensure its functions are carried out as per the law and company charter.