LPBank 's 2024 Extraordinary General Meeting of Shareholders is expected to elect two additional independent members to the Board of Directors (BOD), bringing the total number of BOD members to 9, including 3 independent members.

The list of additional Board of Directors candidates for the 2023-2028 term nominated by the Board of Directors includes Ms. Vuong Thi Huyen and Mr. Yew Teong Soon (Alan).

According to the candidate's resume, Ms. Vuong Thi Huyen was born in 1974, has a bachelor's degree in economics from the Banking Academy and a master's degree from Columbia Southern University.

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Ms. Vuong Thi Huyen. Photo: VIB .

Ms. Huyen has 28 years of experience in corporate banking, investment banking and corporate finance.

From October 2019 to present, Ms. Huyen has been the Chairwoman of the Board of Directors and General Director of Fast Capital Solutions Joint Stock Company, a company established in 2017, operating in the field of providing M&A consulting services, financial consulting, capital arrangement, and investment cooperation consulting.

Ms. Huyen is introduced as a person with in-depth understanding of the Vietnamese financial market along with good business and risk management capabilities, having successfully advised, structured and executed complex transactions on equity and debt.

The candidate recommended to be elected as the remaining member of LPBank's Board of Directors is Mr. Yew Teong Soon (Alan), born in 1971, with a bachelor's degree in economics from Monash University in 1993.

Mr. Yew Teong Soon (Alan) has been an independent member of the Board of Directors of LPBank Securities Company since December 2023. At the same time, he is holding the position of senior consultant for East Asia and the Pacific at the International Finance Corporation (IFC).

LPBank's Board of Directors currently consists of 7 members, with Mr. Nguyen Duc Thuy as Chairman of the Board of Directors. The 4 Vice Chairmen of the Board of Directors include Mr. Le Minh Tam, Mr. Ho Nam Tien, Mr. Nguyen Van Thuy, and Mr. Bui Thai Ha. The remaining two members of the Board of Directors are Mr. Huynh Ngoc Huy and Mr. Le Hong Phong.

The election of two additional members to the Board of Directors will be considered at LPBank's Extraordinary General Meeting of Shareholders scheduled to be held on November 15.

In addition, the Board of Directors will also submit to the General Meeting of Shareholders for approval the plan to increase charter capital in 2024 through the form of issuing shares to existing shareholders by paying dividends at a rate of 16.8%.

Notably, LPBank plans to submit to shareholders an investment plan of up to 5% of FPT Corporation's charter capital. The expected implementation time is in 2024 and 2025 and/or at a suitable time after receiving approval from competent state agencies, legal regulations and actual situation.