TCB: Resolution of the Board of Directors regarding the implementation of capital contribution and share purchase plan to establish a subsidiary

The resolution of the Board of Directors (BOD) of Techcombank (TCB) approved the decision to implement a plan for capital contribution and share purchase to establish a new subsidiary. The aim is to expand business operations, enhance competitiveness, and better serve customers. The BOD outlined clear action steps, including investor selection, capital contribution ratio determination, and strategizing the development of the new subsidiary. A committee was established to oversee the implementation progress and update the BOD. Additionally, risks and potential profits from this investment were carefully considered.