Vietnam Export Import Commercial Joint Stock Bank (Eximbank) has just announced the Resolution of the Board of Directors on submitting to the General Meeting of Shareholders to dismiss Mr. Ngo Tony from the position of member of the Board of Supervisors of Eximbank according to the proposal of a group of shareholders.

According to the content of the Resolution just announced, on October 29, 2024, the group of shareholders owning more than 5% of the total common shares of Eximbank proposed that the Board of Directors of Eximbank add to the agenda and content of the 2024 Extraordinary General Meeting of Shareholders scheduled to be held on November 28, 2024 of Eximbank the following content: "Remove Mr. Ngo Tony from the position of member of the Board of Supervisors of Eximbank as deemed necessary according to the provisions of Point e, Clause 4, Article 63 of the Charter; Point e, Clause 1, Article 45 of the Internal Governance Regulations; Article 15 of the Regulations on the organization and operation of the Board of Supervisors; Point d, Clause 1, Article 46 of the Law on Credit Institutions 2024; Clause 3, Article 160 of the Law on Enterprises 2020."

The reason given by the group of shareholders is: "Mr. Ngo Tony has abused/taken advantage of his position and power, seriously violating the provisions of the Eximbank Charter and the Regulations on organization and operation of the Eximbank Supervisory Board, seriously affecting the rights and interests of shareholders".

According to research, Eximbank's Charter stipulates: The Board of Directors must accept and include the proposal of a group of shareholders in the agenda and content of the meeting if the proposal is sent to the bank at least 3 working days before the opening date of the meeting, the group of shareholders owns 5% or more of the total common shares and the proposed issue is under the authority of the general meeting of shareholders.

Thus, at the Eximbank Shareholders' Meeting held on November 28, 2024, the Shareholders' Meeting will consider and approve the dismissal of Mr. Ngo Tony from the position of member of the Board of Supervisors of Eximbank - term VII (2020-2025) according to the proposal of the group of shareholders.

In case the General Meeting of Shareholders approves the above proposal, Mr. Ngo Tony will also automatically lose his position as Head of the Bank's Supervisory Board.

Previously, there were documents circulating on social networks causing public confusion, affecting the psychology of shareholders and investors about Eximbank's "insecure operations and risk of system collapse" with the content stating that it was recorded by the Board of Supervisors, while according to the bank's official announcement, this document was not an official document of the Board of Supervisors, at the same time, the bank's operations were still stable, safe and effective, meeting the diverse financial needs of customers and partners.

Previously, VietnamNet reported that Eximbank's Board of Directors submitted to the General Meeting of Shareholders for consideration and approval the change of head office location from the current address of 8th Floor, Office No. L8-01-11+16, Vincom Center Building, 72 Le Thanh Ton, Ben Nghe Ward, District 1, Ho Chi Minh City to the new location of No. 27-29 Ly Thai To, Ly Thai To Ward, Hoan Kiem District, Hanoi City.

Eximbank affirmed that this shift is necessary to suit the Bank's development strategy in the new context, helping Eximbank gradually regain its position with a brand covering the whole country.