EVS Elects Acting CEO Nguyen Tran Minh Quan to Board at 2026 EGM

Overview

Shareholders of CTCP Chứng khoán EVS (ticker EVS, HNX) elected Acting CEO Nguyen Tran Minh Quan to the Board of Directors at an extraordinary general meeting held on the afternoon of October 29, 2026, replacing Nguyen Thanh Hai. The same meeting approved extending a receivable of nearly VND 519 billion owed by Công ty Tiến Thành to June 30, 2027, and endorsed a company-wide restructuring and cost-cutting programme.

Key Facts

• EVS shareholders met on the afternoon of October 29, 2026, per the company’s extraordinary general meeting resolution.
• Nguyen Tran Minh Quan, born 1996 and holder of a Master’s degree in Economics, was elected a board member for the remainder of the 2026-2030 term.
• Quan directly owns 8 million EVS shares, equal to 4.85% of the company.
• He joined EVS in 2022, when the firm was still named Chứng khoán Everest, and served as Head of Institutional Clients, Strategy Director, Deputy CEO and Acting CEO from September 2026.
• Nguyen Thanh Hai was removed from the board following his prior resignation letter.
• Công ty Tiến Thành still owed EVS close to VND 519 billion as of September 30, 2026, secured by 51.9 million shares of CTCP Xuất nhập khẩu khoáng sản (MNXC).
• The receivable stems from EVS’s sale to Tiến Thành of 59,937 CLACH2124001 bonds and 24,717 CLACH2125002 bonds, issued by Công ty TNHH Đầu tư Cam Lâm in 2021 and no longer outstanding.
• Shareholders also approved providing securities clearing and settlement services under the central counterparty (CCP) mechanism.

What Happened

In a resolution published after the October 29 meeting, EVS confirmed that shareholders dismissed Nguyen Thanh Hai as a board member in line with his earlier resignation letter. In the same vote, they elected Tran Nguyen Minh Quan, the Acting CEO, to the board for the remaining portion of the 2026-2030 term. The company disclosure lists Quan’s prior roles at EVS and his concurrent governance positions, including board membership at CTCP G-Automobile (ticker GMA).

Shareholders also approved extending the Tiến Thành receivable to June 30, 2027. EVS said the balance stood at close to VND 519 billion as of September 30, 2026, backed by 51.9 million MNXC shares, and traces the claim to the sale of two Cam Lâm bond tranches issued in 2021. Separately, the meeting passed a restructuring mandate covering organisational simplification, revised governance and remuneration policies, and headcount reduction across all departments, alongside adoption of CCP clearing services. The filing does not disclose the transaction value of any restructuring item or a timetable for the cost cuts.

Market Context

EVS closed at VND 5,200 on October 29, 2026, the meeting date, placing the HNX-listed securities firm in the low-price segment of the Vietnamese brokerage sector. The stock’s valuation reflects a sector where scale and margin finance capacity separate the large HOSE brokers from smaller HNX names. The governance changes and the extended receivable come as Vietnamese securities firms broadly pursue CCP clearing readiness and tighter cost bases after a period of thin equity liquidity.

Strategic Significance

The elevation of a 30-year-old Acting CEO who already owns 4.85% of EVS concentrates decision-making in a management team with direct equity exposure, which can shorten the distance between strategy and execution during a restructuring. The extended Tiến Thành receivable is the more consequential item for long-term holders: nearly VND 519 billion secured by MNXC shares keeps a legacy bond-related exposure on the balance sheet for another eight months, so recovery depends on collateral value rather than cash collection. The cost-cutting mandate, if executed, would address the operating leverage problem facing smaller brokers whose revenue base cannot absorb fixed costs.

What to Watch

• EVS disclosure on the restructuring plan, including headcount targets and any board or supervisory committee remuneration changes.
• Progress on the Tiến Thành receivable ahead of the June 30, 2027 maturity, including any collateral valuation update on the 51.9 million MNXC shares.
• Q4 2026 and full-year 2026 financial statements for evidence of cost reduction and any provisioning against the receivable.
• Confirmation of EVS’s CCP clearing service launch and any related capital or system requirements.
• Any change in Quan’s 4.85% ownership stake or his roles at GMA and the An Dân group companies.