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Duc Giang Chemical Group Joint Stock Company (ticker: DGC) has announced a Board of Directors resolution to extend the time for holding its 2026 annual general meeting of shareholders (AGM), originally scheduled for June 30, 2026. The extension is intended to allow the company to await the results of electing additional board members at an upcoming 2026 extraordinary AGM on May 8, 2026, and to complete its 2025 audited financial statements.
The company said the delay is linked to two key items: finalizing the election of additional board members and completing the audit process for the 2025 financial statements.
On April 24, Duc Giang Chemical notified the market that it terminated its audit contract with PwC (Vietnam). The parties agreed to terminate audit services for the financial year ended December 31, 2025.
Duc Giang also stated it is carrying out procedures to select another auditing firm for the 2025 financial statements. After the selection, the company will begin the audit and publish required information, expected in Q2 2026.
According to documents for the extraordinary AGM, the Board intends to approve the dismissal and appointment of three new board members for the remaining term of 2024–2029.
The Board proposes dismissing:
The stated reason is that these individuals are being prosecuted in accordance with a decision of the Investigation Police – Ministry of Public Security.
To ensure the board’s membership number complies with corporate law and the company charter, the Board also proposes appointing three new members. The candidate list will be announced based on valid nominations by shareholders and shareholder groups prior to the meeting.
The Supervisory Board intends to propose to shareholders the selection of an independent auditing firm. The shortlist includes:
The selected firm will audit the 2025 financial statements and review the interim financial statements, as well as audit the 2026 financial statements of the company.
Previously, Duc Giang submitted a document requesting a delay in submitting the 2025 audited financial statements, citing that many accounting files were sealed or seized by the Investigation Police, preventing the company from proceeding with the audit.
On April 28, DGC closed trading at 53,300 VND per share, with a corresponding market capitalization of 20,242 billion VND.
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