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Novaland has published supplementary meeting documents for the 2026 General Meeting of Shareholders, including the proposed slate of candidates for the Board of Directors for the 2026 term. The documents list Mr. Bui Cao Nhat Quan, the son of founder Bui Thanh Nhon, along with Hoang Duc Hung and Pham Tien Van.
Mr. Bui Cao Nhat Quan, born in 1982, has more than 20 years of involvement with the group. He has directly led the group through various periods and is currently serving as Chairman of NovaGroup since April 2026. Alongside him, the proposed board candidates include Hoang Duc Hung and Pham Tien Van, names described as familiar to the board for many years, with experience in finance, external relations, and governance under ESG standards.
The personnel changes are presented alongside a transition involving founder Bui Thanh Nhon. After the leadership reforms, Nhon will focus on the role of Chairman of Nova Holding, the unit that holds the controlling stake in the group. At Novaland, the founder is expected to continue holding positions as Chairman of the Strategy – ESG Committee and Chairman of the Human Resources Committee, supporting long-term vision and sustainable governance.
The company said the structure is intended to separate the founder’s strategic leadership from day-to-day management led by the next generation.
On the financial front, Novaland plans to present to shareholders a proposal to issue stock bonuses from surplus capital with a maximum ratio of 40:3. Under this plan, shareholders holding 40 shares would receive 3 additional shares. The company estimates the maximum issuance at approximately 167.6 million units. The proposed shares would be non-transferable and would be prioritized before other issuances.
In addition, Novaland proposes to issue 111.7 million ESOP shares at a minimum price of 10,000 dong per share. The stated purpose is to strengthen resources for business operations and working capital.
Beyond personnel and capitalization measures, Novaland also proposes to amend the company charter to specify the functions of the Strategy – ESG Committee.
These proposals will be submitted to the General Meeting of Shareholders on April 23 at NovaWorld Phan Thiet. Novaland described the package as a milestone in its comprehensive restructuring, aimed at strengthening internal capacity and supporting stable growth in the coming period.
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