Petroleum Mechanical elects new board member, approves resolutions

Petroleum Mechanical Stock Company (PMS) announced the results of its General Meeting of Shareholders, conducted by written ballot on November 27, 2025. A total of 15 shareholders participated, representing 6,033,229 shares, or 83.77% of the total voting shares. All proposals were approved with 83.77% of voting shares in favor.

Key resolutions passed include the dismissal of Mr. Dinh Viet Hoang from the board of directors, the approval of the regulations for nominating and electing new board members for the 2021-2025 term, and the election of Mr. Nguyen Ba Tung as a new board member for the remainder of the 2021-2025 term. Mr. Tung received 6,033,229 votes, representing 100% of the voting shares. The voting process concluded at 3:30 PM on the same day.