Ho Chi Minh City | 07/09/2024 - Vietnam Wafer Joint Stock Company, the leading supplier of premium-grade semiconductor materials, has successfully concluded the Second General Shareholders Meeting for FY2024, held on September 07th, 2024, at the Grand Marina Saigon (No. 02, Ton Duc Thang St., District 01, Ho Chi Minh City). The meeting was attended by the international shareholders, board members, and key stakeholders, who engaged in comprehensive discussions on the company’s performance, strategic direction, and corporate governance.
Key Highlights from the Meeting:
Approval of Independent Investor Relations Management Firm: Shareholders approved the appointment of an independent third-party investor relations management securities company to enhance transparency, investor engagement, and communication strategies. This move is aimed at strengthening Vietnam Wafer's relationships with current and potential investors.
Amendments of the Charter: The GSM approved key amendments to the company’s Charter, including increasing the number of Board members from seven to nine and structuring more clearly the Board of Directors. With the addition of two independent board members (>20% of board members are independent members), Vietnam Wafer actively met the required standard for unlisted company, further strengthening the company’s corporate governance and ensuring diverse perspectives at the leadership level.
Strategic Initiatives for 4Q2024 and FY2025: The management outlined the strategic roadmap for the upcoming quarter and the next fiscal year, focusing on expanding production capacity, enhancing product quality, and reinforcing the company’s commitment to sustainability. New investment initiatives aimed at strengthening Vietnam Wafer's market leadership were also discussed.
Board of Directors Election Results: The GSM included the election of new board members and the re-election of current members. Mr. Thomas George Forsberg – former IBM Global Procurement Manager with +35 year of experience of formulating and executing strategies for securing IBM's supply of 200 and 300-mm silicon wafers and related chemicals and raw materials for use in IBM's fabrication of semiconductors, was elected as Chairman of the Board, bringing valuable experience and expertise that will further enhance the company’s market leadership position.
Corporate Governance and ESG Enhancements: The board proposed and approved several enhancements to the corporate governance framework and ESG practice, ensuring greater transparency, accountability, diversity, and alignment with global best practices. For example, Vietnam Wafer currently has a weight of 36% female board members, which is in line with the requirement by MSCI’s ESG framework.
Q&A and Shareholder Engagement: The meeting featured an interactive Q&A session, during which shareholders had the opportunity to engage with the board and management team. This open dialogue demonstrated Vietnam Wafer's commitment to transparency and proactive communication with its shareholders.
Statements from Leadership
“We are delighted on the progress we have made and the decisions approved at this GSM, which set a strong foundation for sustainable growth and operational excellence in 4Q2024 and FY2025. Our commitment to quality, sustainability, and value creation for our shareholders remains at the core of our strategy.” said Mr. Hoang Long Chau, CEO of Vietnam Wafer.
Looking Ahead
Vietnam Wafer is well-prepared and dedicated to maintaining its trajectory of growth and innovation. The company will continue to focus on strengthening its product portfolio, expanding its market leadership, and enhancing its operational efficiencies and sustainability development strategies to meet the evolving needs of the semiconductor industry.
About Vietnam Wafer
Vietnam Wafer is an innovative pioneer supplying high-quality silicon wafers to semiconductor chip fabricators and solar manufacturers in the region. The company is driven by a team of dedicated professionals of six nationalities, with +50 years of collective experience with diverse expertise. Vietnam Wafer currently maintains its direct presence in four international markets including Japan, Korea, the United States, and Vietnam through a system of subsidiaries and representative offices. The company has received multiple proactive approach from renowned investors, including industrial investors and venture capital firms.
Continue to follow Vietnam Wafer's journey at:
👉WEBSITE: www.vietnamwafer.com
👉FACEBOOK: https://www.facebook.com/VietnamWafer
👉INSTAGRAM: https://www.instagram.com/vietnam_wafer
👉X (TWITTER): https://twitter.com/Vietnam_Wafer
Or visit our office at:
🏢Head office: 4th Floor, The Prince Residence Building, No. 17-19-21, Nguyen Van Troi Street, Ward 11, Phu Nhuan District, Ho Chi Minh City, Vietnam 700000
🏣Hanoi Representative Office: 4th Floor, No. 193 Trich Sai, Buoi Ward, Tay Ho District, City. Hanoi, Vietnam 700000
🏭Quang Binh Factory: Hon La Economic Zone, Quang Dong Commune, Quang Trach District, Quang Binh Province, Vietnam 700000
🗾Tokyo Representative Office: 11th Floor, Kishimoto Building, 2-2-1 Marunouchi, Chiyoda-ku District, Tokyo Prefecture, Japan 100-0005
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