Ms. Vu Thanh Hue was assigned by the Board of Directors of LPBank Securities Joint Stock Company (LPBS) to be in charge of the Board of Directors' activities.

On February 7, 2025, the Board of Directors of LPBank Securities Joint Stock Company (LPBS) has just approved a decision to assign Ms. Vu Thanh Hue - Vice Chairman of the Board of Directors - to be in charge of the Board of Directors' activities until the position of Chairman of the Board of Directors is completed. This change in senior personnel is to ensure stability in LPBS's operations, while maintaining the Company's sustainable development orientation.

Việt Nam•08/02/2025

Portrait of Ms. Vu Thanh Hue - Vice Chairman of the Board of Directors of LPBank Securities JSC (LPBS)

Ms. Vu Thanh Hue has been Vice Chairwoman of LPBS Board of Directors since December 2023 and currently owns 14% of the company's shares. With her expertise, experience and commitment, assigning Ms. Hue to temporarily take charge of LPBS Board of Directors is considered the optimal solution, helping the Company maintain stability in operations and ensure consistency in its sustainable and effective development strategy. LPBS Board of Directors believes that Ms. Vu Thanh Hue will continue to play a key role in implementing innovative solutions, expanding the portfolio of securities products, and building and strengthening strategic partnerships, contributing to enhancing LPBS's competitive position in the market.

This change in senior leadership stems from Mr. Pham Phu Khoi's resignation to focus on his new role - Vice Chairman of the Board of Directors at Loc Phat Vietnam Bank (LPBank), this information was announced by LPBank on February 7, 2024. This decision is a strategic step by LPBank to consolidate and enhance its governance capacity in the context of this organization's goal of becoming a leading group in the Vietnamese finance and banking industry.

Mr. Pham Phu Khoi, with over 38 years of experience in the field of finance and banking, is a prominent and influential figure in the financial industry in Vietnam. He was born in 1963 and is an alumnus of the Wharton School, University of Pennsylvania, USA, with a Master of Business Administration in Finance. Previously, Mr. Khoi completed a Master of Aviation Economics program at the Riga Civil Aviation University, Latvia, and an International Executive course at INSEAD Business School in Fontainebleau, France.

LPBank Securities Joint Stock Company has made major changes in 2024 when the company completed increasing its charter capital from VND 250 billion to VND 3,888 billion, reconnecting with the Stock Exchange and carrying out many other securities business activities. In 2024, LPBS recorded nearly VND 193 billion in operating revenue and more than VND 80 billion in net profit, respectively 4.6 times and 5.7 times higher than the figures in 2023.

K.Oanh