A series of Tien Phong Securities leaders resigned on the same day.

Tien Phong Securities (TPS) has just announced three resignations from the Board of Directors for personal reasons. These three include Mr. Le Quoc Hung, Mr. Ta Quang Luong and Ms. Nguyen Thi Le Tung.

It is worth noting that all three of these senior personnel were newly elected to the Board of Directors in the middle of last year. With this series of resignations, the total number of TPS Board members who have recently withdrawn has reached 4, out of a total of 7 members.

Previously, on March 18, Mr. Do Anh Tu - Chairman of the Board of Directors - also resigned. Mr. Tu is the younger brother of Mr. Do Minh Phu - Chairman of the Board of Directors of TPBank . When withdrawing from TPS, Mr. Tu also withdrew from the position of member of the Board of Directors at TPBank.

As planned, TPS will hold the 2025 annual general meeting of shareholders on June 27 in Ho Chi Minh City.

Despite many high-level personnel changes, according to information from the documents sent to shareholders before the meeting, TPS has not yet mentioned the dismissal of Mr. Tu and the three above-mentioned members in the scheduled meeting agenda.

In addition, the high-level personnel changes at TPS are not limited to the Board of Directors. In mid-April, the securities company also dismissed Ms. Bui Thi Thanh Tra from the position of general director and legal representative, citing "changes in organizational structure". Her replacement is Ms. Dang Si Thuy Tam.

Regarding the 2025 business plan, TPS sets a revenue target of VND 1,379 billion and after-tax profit of VND 111 billion - down nearly 35% and 71% respectively over the same period.

According to TPS's board of directors, in the context of the economy still facing many challenges, along with increasingly fierce competition pressure among securities companies, the bond market continues to face many difficulties, the company has proposed a business plan for 2025 with the principle of prudence, emphasizing risk management and capital safety.

TPS assesses that the stock market still has growth potential in terms of scores and liquidity, but is facing increasing competitive pressure and persistent difficulties from the bond market. The business plan is built in a cautious direction, prioritizing risk management and ensuring capital safety.

In the first quarter of 2025, TPS recorded revenue of VND446 billion, down 7% year-on-year. The company reported a loss after tax of VND7.2 billion, while in the same period it made a profit of more than VND75 billion.

On the stock market, at the end of the morning trading session on June 20, ORS shares of Tien Phong Securities were only 9,370 VND/unit, down nearly 20% in the past 3 months, especially since the news of Mr. Do Anh Tu's resignation.