Mr. Nguyen Van Tuan explains his resignation from the Board of Directors of Gelex

At the annual General Meeting of Shareholders (GMS) of Gelex Group (GEX) on March 27, shareholders voted to approve the resignation of Mr. Nguyen Van Tuan from the Board of Directors, according to his resignation letter dated March 3, 2025. Ms. Nguyen Thi Minh Giang was elected as a member of the Board of Directors for the term 2021-2026. However, Mr. Tuan will continue to hold the position of General Director and is also the largest shareholder with nearly 27% of the shares. Explaining his resignation, Mr. Tuan emphasized that Gelex has built a transparent and effective governance system. He stated that in international companies, major shareholders often do not participate in the Board of Directors or management but focus on the supervisory role. He believes this is beneficial when the company has a strong governance structure. Mr. Tuan affirmed that Gelex will continue to invest in information technology, seek independent board members with capabilities, strengthen internal auditing, and develop personnel. Finally, he stressed that not participating in the Board while still managing is positive for both himself and the Group.