Petroleum Mechanical seeks new board member for 2021-2025 term

Petroleum Mechanical Stock Company (PMS) has announced an extraordinary general meeting in 2025 to elect one additional member to its Board of Directors for the 2021-2025 term. The election will be conducted via written shareholder opinion, based on a record date of November 5, 2025. There is no limit to the number of candidates who may be nominated.

Shareholders or groups of shareholders holding at least 5% of voting shares can nominate candidates. A 5% to under 10% stake allows for one nominee, 10% to under 30% allows for up to two, 30% to under 50% for up to three, and 50% or more for up to four. Candidates must meet specific criteria outlined in the company's charter, including full legal capacity, relevant professional qualifications or experience, and not serving on more than five other companies’ boards.

Nomination documents, including self-nomination or group nomination forms, shareholder ownership confirmation, candidate's resume, and certified copies of identification and educational degrees, must be submitted to Petroleum Mechanical Stock Company by 4 PM on November 7, 2025. These documents are available on the company's website, www.pms.petrolimex.com.vn.