Mr. Nguyen Van Tuan resigned from the Board of Directors to focus on the role of CEO of GELEX.

Mr. Tuan's resignation letter shared the reason for his resignation as to focus on performing the best operational tasks in his role as General Director of GELEX Group, while separating the management role of the Board of Directors from the operational role of the Board of Directors. In addition, it creates opportunities to attract potential new candidates for the Board of Directors; thereby helping to diversify the expertise and experience of the Group's Board of Directors.

The resignation takes effect from the date of approval by the 2025 Annual General Meeting of Shareholders of GELEX Group Corporation.

Currently, Mr. Nguyen Van Tuan still holds the position of General Director and legal representative of GELEX Group. Mr. Tuan currently holds 23.63% of shares at GELEX.

Joining GELEX since September 2016, Mr. Tuan has held senior leadership positions at GELEX and companies in the Group system.

After 10 years, under the leadership of Mr. Tuan and the GELEX Board of Directors, the enterprise has made many strong developments. From an enterprise specializing in the production of electrical equipment, with a growth strategy through purposeful and effective M&A, applying good governance practices and modern production management, focusing on Capex investment and timely restructuring to improve the operational efficiency of member units and the Group's investment portfolio, to date, GELEX has comprehensively transformed and become a highly regarded investment group in core areas of the economy, such as: electrical equipment, electricity and water utility infrastructure, industrial park technical infrastructure, commercial and industrial real estate, construction materials and banking and finance.

Mr. Nguyen Van Tuan – CEO of GELEX Group. Photo: GELEX.

GELEX's revenue, profit and total assets (consolidated) increased 4 times, 6 times and 11 times respectively (reaching nearly 54,000 billion VND) in the past 10 years, making GELEX one of the largest private economic groups in Vietnam, in the top 50 most profitable enterprises in Vietnam, the GELEX brand is in the top 50 most valuable brands in Vietnam and GELEX is ranked A by VIS Rating for credibility, one of the best places to work in Asia (voted by HR Asia Magazine).

According to the recently announced audited (consolidated) report, in 2024, GELEX will achieve VND 33,752 billion in revenue and VND 3,613 billion in pre-tax profit, up 12.5% ​​and 158.8% respectively compared to 2023.