News Apr 12, 2022

Announcement and Decisions Assigning Ceremony on appointment of Deputies CEO and Chief Accountant

On April 12^th, 2022, Traphaco Joint Stock Company held a ceremony to announce and implement decisions to appoint Chief of Finance & Planning Officer and Chief Accountant.

Mr. Nguyen Anh Tuan - Vice Chairman of the Board of Directors spoke at the ceremony

Attending the ceremony were members of the Board of Directors, Board of Supervisory, Board of Management, Functional Director - in charge of Internal Audit, Chief Accountant of Traphaco; Chairman, Board of Management, Chief Accountant, capital representative of Traphaco at Traphaco Hung Yen, Traphaco CNC, Traphaco Sapa, Bamepharm and managers at all levels: Heads/Deputies of departments, Directors of level 1 branches, in charge of Hanoi 1, 2, and 3 areas of Traphaco, Head of Departments of Subsidiaries.

In particular, the ceremony was honored to have the online attendance of representatives of major shareholders, Mr. Le Song Lai - Deputy CEO of State Capital Investment Corporation (SCIC), Mr. Nagun Park - Managing Investment Senior Director, Mirae Asset Fund.

The year 2021 has passed, the Business Restructuring Project of Traphaco Joint Stock Company has been completed with the Organizational Chart Model and Delagation of Authority issued in November 2021.

On November 16^th, 2021, in order to promptly implement business activities, including developing the 2022 Budget Plan to apply from January 1^st, 2022, ensuring the business plan's objectives in line with the General Assembly of Shareholders and Board of Directors; On behalf of the Board of Directors, Vice Chairman of the Board of Directors Nguyen Anh Tuan signed decisions on assigning and temporarily assigning tasks to key personnel at the level of Deputy General Director and functional directors appointed by the Board of Directors.

Up to now, after nearly half a year of implementing the work of the personnel, the Human Resources & Compensation Subcommittee has reviewed, evaluated and submitted to the Board of Directors and the Board of Directors has agreed, on that basis, the Vice Chairman of the Board of Directors has signed and promulgated the following documents: To decide to appoint the Deputy CEO and Chief Accountant:

Decision 22/2022/QD-HDQT on appointing Mr. Kim Dong Hyu - born: December 25^th, 1981, professional qualification: Bachelor of Biotechnology - holds the position of Executive Vice CEO for the term 2021-2025 as agreed in the Meeting Minutes of the Board of Directors on March 21^st, 2022.
Decision 23/2022/QD-HDQT on appointing Mr. Nguyen Huy Van - born on March 10^th, 1967, professional qualification: Doctor of Pharmacy - holds the position of Chief of Research and Quality Officer for the term 2021-2025 as agreed in the Meeting Minutes of the Board of Directors on March 21^st, 2022.
Decision 24/2022/QD-HDQT on appointing Mr. Nguyen Van Bui - born: October 16^th, 1963, professional qualification: University Pharmacist - holds the position of Chief of OTC Sales Officer for the term 2021-2025 according to the agreement in the Meeting Minutes of the Board of Directors on March 21^st, 2022.
Decision 25/2022/QD-HĐQT on appointing Mr. Pham Hoang Anh - born on January 5^th, 1989, professional qualification: Master of Business Administration in Finance - holds the position of Chief of Fiance and Planning Officer for the term 2021-2025 as agreed in the Meeting Minutes of Board of Directors dated March 21^st, 2022.
Decision 26/2022/QD-HĐQT on appointing Mr. Dinh Trung Kien - born on October 29^th, 1973, professional qualification: Master of Business Administration - holding the position of Chief Accountant for the term 2021- 2025 according to the agreement in the Meeting Minutes of the Board of Directors on March 21^st, 2022

During the ceremony, Vice Chairman of the Board of Directors Nguyen Anh Tuan gave good wishes to 5 key positions entrusted by the Board of Directors with important tasks; sharing the appointment of cadres is conducted thoroughly, openly and transparently according to Traphaco's Regulation on appointment; at the same time, assign tasks to managers to focus on completing KPIs according to the Delegation of Authority. On behalf of the Board of Directors, the Vice Chairman highly appreciated the business results of the first quarter of 2022, especially the division activities of Herbal and Non-Herbal Medicine; stated that it is necessary to continue to promote the spirit of innovation - to come up with appropriate, timely and flexible solutions to take advantage of market opportunities and maintain the growth momentum of the company in the coming time. Vice Chairman Nguyen Anh Tuan emphasized that "Personel work is the key of every key", after the restructuring process, it is necessary to review and perfect the salary, bonus and remuneration regime for employees so that employees work with peace of mind, contribute with a stronger mind, more motivated and achieve better results.

Next, the assigned Deputies CEO thanked the trust of major shareholders, the attention and trust of the Board of Directors, the support of the CEO and departments in the company; committed to successfully completing the assigned tasks, actively cheering for the innovation - creativity movement, the spirit of learning in the Company contributes to the sustainable development of Traphaco.

At the ceremony, CEO Tran Tuc Ma affirmed that restructuring is inevitable, in accordance with the new situation, changes for development, better for the company and for Traphaco's employees. With the Delegation of Authority, the responsibilities and tasks are clearly and transparently assigned, which is an opportunity for each position to demonstrate its capacity and promote its strengths. CEO Tran Tuc Ma emphasized, in order to well perform the assigned tasks, key positions need to be imbued with and well implemented "six managers' behaviors" in Traphaco Culture; working together, promoting the 50-year tradition of bringing Traphaco to strong development, successfully completing the tasks of the 2021-2025 term.

On behalf of the shareholders of the State Capital Investment Corporation (SCIC), Mr. Le Song Lai - Deputy General Director of SCIC congratulated the newly appointed and re-appointed members for the term 2021-2025; I hope the members will continue to strive to be worthy of the expectations of the employees and shareholders. He also highly appreciated Traphaco's business results in 2021 and Q1/2022 as very positive. This shows that Traphaco's efforts to restructure, strengthen organizational structure and improve corporate governance efficiency through the decentralization/delegation authority regulation are on the right track and need to be further promoted. From SCIC's point of view, Traphaco's current leadership is a united, dedicated group with a combination of strengths, strengths, experiences and contributions of each manager. In many cases, the leading cadres have reached the maturity of their professional capacity, are capable, have prestige and make many contributions to the Enterprise. This is good news, the foundation for breakthrough developments in the coming time. On this occasion, he also sincerely thanked the Korean shareholders for working closely with SCIC so that Traphaco could firmly implement and come to the end with the restructuring plan, organizational model - business business. In the coming time, SCIC hopes Traphaco will continue to implement the Delegation of Authority, develop and effectively organize the implementation of the succession plan for key staff. SCIC affirms its commitment, together with Traphaco's major shareholders, to continue to consistently implement and accelerate restructuring efforts to improve Traphaco's operational efficiency. Mr. Le Song Lai hopes that all employees, especially the managers present today, believe in the strategy built by major shareholders.

On behalf of Mirae Asset shareholders, Mr. Nagun Park - Senior Investment Manager of Mirae Asset Fund, thanked Mr. Le Song Lai for his enthusiastic words. Once again, Mr. Nagun Park affirmed that Traphaco needs to continue implementing the Decentralization Matrix and the Board of Directors will carry out the implementation of the succession plan for key staff. He thanked the good cooperation of 2 shareholders SCIC and Mirae Asset; Nguyen Anh Tuan in the role of Vice Chairman of the Board of Directors has spent a lot of time, acting as a bridge between major shareholders, between the Board of Management and the Board of Directors to build and proactively communicate effectively about the purpose and content of the new organizational model at the enterprise.

At the ceremony, with the participation of Traphaco's management team at all levels, on behalf of the Board of Directors, Vice Chairman Nguyen Anh Tuan directed the work to be implemented soon according to the Resolution of the General Meeting of Shareholders dated 31/31/ Last 3/2022, including: continuing to focus on perfecting the regulatory system according to the new organizational model; continue to supervise and guide the implementation of the Delegation of Authority; renovating the management model of Traphaco Hung Yen Co., Ltd; which emphasizes the need to work closely with major shareholders and unify the will of the members of the Board of Directors. In particular, the Board of Directors focused on closely monitoring and guiding the implementation of the issued Decentralization Matrix, aiming to promote the collective strength of the Executive Board, create a transparent information sharing mechanism. , effective. With the orientations and solutions to implement the company's main plans and activities in 2022, in which it is necessary to carry out major tasks of restructuring, cost management by budget planning, continuing to implement 5 large group of solutions and implementation of Traphaco culture in the new period, etc., contributing to the immediate and long-term development of Traphaco. Vice Chairman Nguyen Anh Tuan believes that Traphaco's cultural spirit, with its 50-year tradition, will be spread positively throughout the system with high consensus, solidarity, and successful implementation of the Plan. plan in 2022; creating a resonance of resources and values, pushing Traphaco to make a strong breakthrough in the future.

Some pictures from the ceremony: