PVFCCo – Phu My Appoints New Member to Board of Directors

Ho Chi Minh City, May 29, 2025 – PetroVietnam Fertilizer and Chemicals Corporation – JSC (PVFCCo – Phu My), stock code: DPM, successfully convened its 2025 Extraordinary General Meeting of Shareholders (EGMS) in a virtual format. The meeting was held at the Corporation’s headquarters, located at 43 Mac Dinh Chi, Da Kao Ward, District 1, Ho Chi Minh City.

The meeting welcomed a broad participation of shareholders representing a valid ownership ratio, conducted in full compliance with legal regulations and the Corporation’s Charter. All agenda items were approved by vote, with a key focus on the personnel restructuring of the Board of Directors.

At the proposal of the major shareholder – Vietnam National Industry - Energy Group (PVN), and based on organizational needs, the EGMS approved the dismissal of Mr. Trinh Van Khiem from the Board of Directors, effective May 30, 2025. Mr. Khiem had been a board member since June 16, 2020, and is now reassigned to a different unit.

The meeting also approved the appointment of Ms. Vo Thi Thanh Ngoc, current Board Member of PetroVietnam Gas JSC (PVGAS), as a new member of the PVFCCo Board of Directors, effective May 30, 2025.

Ms. Vo Thi Thanh Ngoc’s inclusion in the Board is expected to bring a fresh perspective to strategic management. With extensive experience in downstream processing, petrochemicals, and clean energy, she is poised to play a key role in driving PVFCCo’s strategic expansion into new sectors, promoting professionalization, and enhancing governance capacity in its next phase of development.

PVFCCo remains committed to building upon its achievements, adhering to the OECD’s principles of corporate transparency and governance, and maximizing operational efficiency and shareholder value. This appointment marks a strategic step toward leadership continuity, aligning with the Corporation’s goals to expand its fertilizer and chemical markets, accelerate digital transformation, pursue sustainable development, and strengthen its business model. Key focus areas include modernizing corporate governance, reviewing and optimizing internal processes, resolving bottlenecks, advancing investment and R&D initiatives, and enhancing human resource management to meet future requirements.

About Ms. Vo Thi Thanh Ngoc: Ms. Ngoc is a seasoned professional in the petrochemical and energy sectors, currently serving on the Board of Directors of PVGAS. She holds degrees in Petrochemical Engineering, a Master of Business Administration, and a Master of Applied Chemistry. With over 25 years of experience, she has held prominent roles including Deputy General Director of Nghi Son Refinery and Petrochemical LLC, Deputy Head of the Petrochemical Processing Division at PVN, and was formerly an instructor at the PetroVietnam Manpower Training College (PVTMC).