Petroleum Mechanical elects new board member, removes another

Petroleum Mechanical Stock Company (PMS) held a shareholders' meeting on November 27, 2025, to address changes in its Board of Directors. The meeting, conducted via written ballot, approved the dismissal of Dinh Viet Hoang from his position as a Board of Directors member, effective November 27, 2025.

In the same meeting, shareholders approved the election of Nguyen Ba Tung as a Board of Directors member for the remaining term of 2021-2025. Nguyen Ba Tung, who serves as chairman of the Board of Members of Petrolimex Construction and Trading Corporation, was introduced by Petrolimex Construction and Trading Corporation to also assume the role of chairman of the Board of Directors of PMS.

The resolutions also included the approval of the regulations for nominating, standing for election, and electing additional Board of Directors members for the 2021-2025 term. All related procedures will be implemented according to current regulations.