Members of Vinh Hoan Fisheries' leadership board simultaneously resigned

DNHN - Mr. Nguyen Van Khanh and Mr. Le Van Nhat, two independent members of the Board of Directors at Vinh Hoan Fisheries from 2022 to 2026, have just resigned.

Vinh Hoan Joint Stock Company (VHC/HoSE) has just announced the resignation of three board members, including two independent board members and one member of the Supervisory Board.

Mr. Nguyen Van Khanh (1982) and Mr. Le Van Nhat (1990) are two independent BOD members who hold positions at VHC from 2022 to 2026. However, on May 12, 2023, both of them resigned due to personal reasons, unable to find the time to begin their new positions.

With the departure of two Board of Directors members, VHC will have only four Board of Directors members, including Ms. Truong Thi Le Khanh (VHC Chairman). Other Board of Directors members are Nguyen Ngo Vi Tam, Truong Tuyet Hoa, and Nguyen Thi Kim Dao.

The resigning member of the Supervisory Board is Phan Thi Kim Hoa (1988). Ms. Hoa stated in her resignation letter that she would not be regularly present in Vietnam in the foreseeable future, preventing her from continuing to serve as a member of the Supervisory Board. Ms. Hoa resigned effective May 12, 2023.

Regarding the business situation, Vinh Hoan Fisheries (VHC) has just released a March 2023 report with revenues of 1,032 billion VND, a decrease of 25% compared to the same period in the previous year. Vinh Hoan's revenue for the first three months of 2023 was VND 2,252 billion, a 31% decrease compared to the same period last year. Compared to the previous month, this is the second consecutive month in which VHC has experienced positive growth.

In March of this year, the pangasius segment of the revenue structure decreased by 30% to VND 610 billion. Comparatively, the sales of by-products, healthcare products, prawn crackers, and value-added products also decreased during the same period.

By market, the United States, China, and Vietnam all experienced a double-digit decline in revenue from March 2022 to March 2023, with the United States experiencing the largest decline of 40% to VND 393 billion. In contrast, revenue in the European market grew by 20% to 195 billion VND.

P.V (t/h)