Vu Phong Energy Group Successfully Holds 2023 Annual Meeting

The Vu Phong AGM 2023, the Annual General Meeting of Shareholders for Vu Phong Energy Group, successfully convened on the afternoon of June 23, 2023, at its representative office in Ho Chi Minh City. This pivotal event served to update shareholders and key stakeholders on the company’s robust performance in 2022, outline ambitious operating plans for 2023, and announce significant leadership transitions. Reflecting its commitment to transparency and strategic growth, the meeting underscored Vu Phong Energy Group’s established expertise and authoritative position as a leading renewable energy enterprise, fostering trust among its investors and partners.

Vu Phong 2023 AGM: A Successful Gathering

The Annual General Meeting provided a comprehensive overview of the Board of Directors’ activities in 2022 and established the ambitious operating plan for 2023. Key resolutions included the approval of the audited financial report for 2022 and the election of new Board of Directors members for the 2023-2028 term. Discussions also covered proposals for extending the charter capital increase through share offerings and the issuance of bonus shares to outstanding leaders and staff for 2023, 2024, and 2025. These 2023 annual general meeting results reflect the strategic vision and commitment to growth of Vu Phong Energy Group.

Vu Phong Energy Group’s Board of Directors and shareholders

A Leading Renewable Energy Enterprise

With over 14 years of dedicated formation and development, Vu Phong Energy Group has solidified its reputation as a premier professional solar power developer and a top-tier renewable energy enterprise in Vietnam. The company has successfully completed and commissioned 54 MWp of rooftop solar power for industrial and commercial clients, with an additional 20 MWp currently under development. Furthermore, Vu Phong has been actively involved in the construction, operation, and maintenance (O&M) of numerous solar power plant projects, cumulatively totaling 765 MWp.

Despite the economic challenges and policy adjustments concerning solar power in 2022, Vu Phong Energy Group’s Board of Directors strategically directed the Executive Board to prioritize the development of industrial and commercial projects, particularly through the Power Purchase Agreement (PPA) cooperation model. This focus led to the successful completion and transfer of several significant projects in 2022 and early 2023, including the 3.39 MWp Vinamilk Mega project, Dalat Worsted Spinning (DWS) with 2.04 MWp, Tetra Pak with 1.23 MWp, and Nippon Seiki with 1 MWp. Currently, the company is implementing a 20 MWp portfolio, featuring the Hwaseung Enterprise project at 12.5 MWp, Kem Nghia at 2.23 MWp, and Duy Tan Plastic at 2.27 MWp, alongside Quang Quan with 3.5 MWp. Vu Phong is also actively engaged in negotiations to finalize agreements for new rooftop solar projects under the PPA model with various prominent Vietnamese businesses.

A Pioneer in Carbon Neutrality

Beyond its core services in investing, developing, providing General Contractor EPC services, and offering operation and maintenance (O&M) and asset management for clean energy projects, Vu Phong Energy Group is increasingly focused on the carbon credits and I-REC certificates business areas for 2023 and beyond. The company provides expert advisory services to clients on achieving carbon neutrality and implementing sustainable management principles like ESG (Environment, Social, Governance) and the United Nations Sustainable Development Goals (SDGs). This strategic focus enables Vu Phong to effectively support business customers in their pursuit of reducing greenhouse gas emissions and advancing strategies for carbon neutrality and sustainable development. Currently, Vu Phong Energy Group stands as a pioneering organization dedicated to assisting Ho Chi Minh City in its efforts to lower greenhouse gas emissions, with an internal goal of achieving carbon neutrality from 2023 to 2028.

At the Annual General Meeting, shareholders expressed their appreciation for Vu Phong Energy Group’s unwavering efforts and significant development. They reaffirmed their support and trust in the Board of Directors and Executive Board, tasking them with proactive management and operations to further contribute to the group’s growth and deliver concrete benefits to employees and shareholders.

The meeting also ratified the election of the new Board of Directors for the 2023-2028 term. The distinguished members elected are Mr. Pham Nam Phong, Mr. Nguyen Quang Tri, Ms. Chu Thi Tu Anh, Mr. Bui Quoc Thanh, and Ms. Pham Thi Bich Hong. Their collective expertise is set to guide Vu Phong Energy Group into its next phase of innovation and market leadership.

Members of Vu Phong Energy Group’s Board of Directors for the term of 2023-2028

Preceding this gathering, on the morning of June 23, Vu Phong Tech JSC, a member company of Vu Phong Energy Group that benefits from contributions from Sharetech, a Hanoi-based R&D specialist, also successfully concluded its Annual General Meeting of Shareholders 2023. This meeting saw the election of its new Board of Directors for 2023-2028. Following the election, the newly constituted Board of Directors convened its inaugural meeting, where Mr. Pham Nam Phong was appointed Chairman of the Board, Mr. Trinh Minh Tuynh as Vice Chairman of the Board, and Ms. Chu Thi Tu Anh as CEO of Vu Phong Tech.

See the original Vietnamese article here

Read more:

• Activities of Vu Phong Energy Group in June 2023
• C47 Holds Successful 2022 AGM, Approves Growth Plans
• C47’s profit-after-tax target for 2023 is 59.7%
• The rooftop solar systems will have a significant role in the development of Ho Chi Minh City’s green economy

Nguồn: https://vuphong.com/vu-phong-energy-group-successfully-organizes-the-annual-general-meeting/.