The list of candidates for the new board of directors includes: Nguyen Van Tuan; Le Ba Tho; Luong Thanh Tung; Dau Minh Lam; and Nguyen Thi Minh Giang. Dau Minh Lam and Nguyen Thi Minh Giang are independent board members.

Four of the 5 members from the 2021-2026 term will be re-nominated for the new term. Nguyen Trong Hien, the Chairman of the Board of Directors, will not participate, taking on new responsibilities. Instead, the list includes Nguyen Van Tuan, Gelex's General Director.

The board of directors candidates for Gelex's 2026-2031 term. Photo: Gelex

A group representative stated that the personnel possess strategic vision, extensive experience, diverse expertise, and long-term commitment to Gelex. The board of directors for the 2026-2031 term aims to establish a governance structure aligned with international practices, ensuring transparency, and guiding the company to realize its vision, mission, and core values set for the new development phase.

Gelex's 2026 annual general meeting of shareholders will be held on 1/4 at the Fairmont Hanoi hotel. The meeting will review and approve important agenda items such as a consolidated net revenue plan of 44,712 billion VND and a pre-tax profit of 3,615 billion VND.

The group plans to pay a total dividend of 33% for 2025. Of this, 25% will be paid in shares and 8% in cash. This cash dividend was provisionally paid on 11/9/2025, amounting to approximately 722 billion VND. Additionally, the company expects to issue more shares to increase capital from owner's equity at a rate of 20%. If shareholders approve this plan, the total share and dividend ratio received by shareholders will be 53%, Gelex's highest payout in recent years.

Gelex also plans to propose to shareholders a change of its head office address to the building at 10 Tran Nguyen Han and 27-29 Ly Thai To Street, Hoan Kiem Ward, Hanoi, along with other important matters.

In 2025, at the end of the board of directors' term, Gelex achieved significant milestones. Consolidated revenue and pre-tax profit for 2025 reached 39,513 billion VND and 4,621 billion VND respectively, marking the highest levels to date. Additionally, the group and its member units developed a business strategy targeting 2030 with consultation from international partners. The company also implemented several programs to enhance governance capabilities and strengthen internal resources, including: implementing a risk management framework; issuing international financial reporting standards (IFRS) compliant financial statements; expanding international capital mobilization; accelerating digital office implementation; and developing human resources and revitalizing corporate culture to build a fast-adapting, high-performance organization.

During the 2021-2026 period, Gelex completed the listing of two codes, Gelex Power (GEE) and Gelex Infrastructure (GEL), on HoSE. It also sustained growth, with consolidated net revenue and pre-tax profit increasing by an average of 8,4% per year and 22,5% per year respectively, while EBITDA grew by 17,8% per year. According to a group representative, the higher growth rate of profit and EBITDA compared to revenue reflects a strategy of in-depth development and enhanced business operational efficiency.

Total assets during this period grew by an average of 4,7% annually, despite divesting from some renewable energy projects; financial leverage ratios and solvency remained at safe levels.

"The aforementioned results and preparations for the upcoming phase reflect the effective execution of our restructuring strategy, long-term investment strategy, development through internal growth and selective mergers and acquisitions, governance model, and post-investment enterprise value enhancement", a group representative said.

Yen Chi