TPS announces resignation letter of Chairman of Board of Directors Do Anh Tu

According to the resignation letter, Mr. Do Anh Tu informed that he was elected by the TPS General Meeting of Shareholders as a member of the Board of Directors for the 2021 - 2026 term, and was unanimously elected by the Board of Directors as Chairman of the Board of Directors for the 2021 - 2026 term from March 15, 2021. "I now submit this application to request to be dismissed from the position of member of the TPS Board of Directors for the 2021 - 2026 term from March 18, 2025. Accordingly, from March 18, 2025, I give up the rights and obligations of the Chairman of the Board of Directors and a member of the Board of Directors according to the law and internal regulations of TPS. I pledge not to intervene, not to have any complaints or lawsuits related to this content," the resignation letter stated.

Mr. Do Anh Tu - Chairman of TPS Board of Directors

PHOTO: CMH

TPS Company is the organization that registers and deposits 3 bond lots of Tracodi Construction Group Corporation (formerly known as Industrial and Transport Development Investment Corporation, stock code TCD) and Gia Khang Trading and Service Investment Corporation (Gia Khang). All 3 bond lots have an interest rate of 11%/year. The Hanoi Stock Exchange (HNX) recently requested that all 3 bond lots be temporarily suspended from trading at the request of competent State agencies.

Previously on February 24, the Hanoi Stock Exchange (HNX) announced the temporary suspension of trading of bonds of HELIOS Investment and Services JSC and bonds of BCG Land JSC at the request of competent State agencies.

ORS stock price hit the floor on March 21, losing VND850 (equivalent to 6.91%), down to VND11,450/share. This is the second consecutive floor price drop and the fourth consecutive drop recently with a total loss of 18%.