CET Executives Withdraw Resignations Ahead of HTC Holding AGM

Overview

Three executives of HTC Holding (CET) withdrew their resignation requests on September 3, 2026, just one day before the company’s annual general meeting (AGM) scheduled for September 4. The withdrawals involve Vice Chairman Tran Hoang Anh Tuan and two members of the Board of Supervisors, Lam Thi Phuong and Tran Thi My Hanh. The move comes amid a broader governance restructuring at the HNX-listed real estate firm.

Key Facts

• On September 3, 2026, HTC Holding received resignation-withdrawal requests from Tran Hoang Anh Tuan (Board member), Lam Thi Phuong, and Tran Thi My Hanh (Supervisory Board members).
• Tuan’s original resignation was submitted on March 6, 2026; the two supervisors submitted theirs on October 14, 2025.
• The AGM is scheduled for September 4, 2026.
• The AGM agenda includes the removal of seven current Board members: Nguyen The Tai, Tran Hoang Anh Tuan, Ly The Vinh, Pham Dang Khoa, Do Van Dat, Ha Le Thuy Vy, and Vo Ngoc Phuong Thao.
• Three candidates are proposed for Board election: Bui Do Linh, Huynh Van Phat, and Tran Minh Hoi.
• One candidate, Huynh Thi Tu Oanh, is proposed for the Supervisory Board.
• CET shares closed at 3,300 dong on September 6, 2026, and are subject to trading restrictions.

What Happened

According to a company announcement, HTC Holding received the withdrawal requests on September 3, 2026. In his request, Tran Hoang Anh Tuan stated that he had resolved his personal affairs and wished to continue serving on the Board of Directors. The two supervisory board members cited similar reasons for retracting their resignations.

The resignations were originally submitted months earlier—Tuan’s in March 2026 and the supervisors’ in October 2025. The timing of the withdrawals, just one day before the AGM, adds complexity to the planned governance changes. Despite the withdrawals, the AGM agenda still includes a proposal to remove seven board members and elect three new ones, which could lead to a significant reshuffle of the board.

Market Context

HTC Holding, listed on the Hanoi Stock Exchange (HNX) under ticker CET, is currently trading at around 3,300 dong per share and is subject to trading restrictions. The company, originally a producer of cinnamon essential oil and flavorings, has been expanding into real estate in recent years. The governance turmoil and the last-minute withdrawal of resignations may raise concerns among investors about the stability of the company’s leadership and strategic direction.

Strategic Significance

The withdrawal of resignations by key executives, including the Vice Chairman, suggests internal power dynamics are at play. The proposed removal of seven board members and election of new ones indicates a potential shift in control or strategic direction. For long-term investors, the outcome of the AGM will be critical in determining the company’s governance structure and its ability to execute its real estate expansion plans. The fact that the stock is restricted adds another layer of risk, limiting liquidity and exit options.

What to Watch

• Results of the AGM on September 4, 2026, particularly the votes on board removals and elections.
• Any subsequent announcements regarding the composition of the Board of Directors and Supervisory Board.
• Whether the trading restrictions on CET shares are lifted or extended.
• Updates on HTC Holding’s real estate projects and financial performance in the coming quarters.
• Regulatory filings or disclosures that clarify the reasons behind the resignations and withdrawals.