Traphaco Joint Stock : Restructuring Traphaco Joint Stock Company - A premise for the new development step

On November 18^th, 2021, the Board of Directors of Traphaco Joint Stock Company organized a conference about the Company's Restructuring Plan and the Announcement Ceremony of decisions on assigning and temporarily assigning tasks to key personnel at the Deputy General Director and the functional Director level that are appointed by the Board of Directors.

Vice Chairman of the Board of Directors Nguyen Anh Tuan spoke about the Company's Restructuring Plan

Attending the ceremony were members of the Board of Directors, Supervisory Board, Board of General Directors, Directors, Chief Accountant; Directors and Chief Accountant of Subsidiaries, Heads/Deputy Heads of Departments, Branch Director, Head of Provincial Representative.

Accordingly, implementing the Resolution No. 12/2021/NQ-ĐHĐCD of the General Meeting of Shareholders on March 31^st, 2021 on restructuring business operations, with clear business goals and strategies, that is " Maintain the No. 1 position in traditional medicine - focus on investment and development of non-herbal medicine". After a period of active work, listening to the opinions of stakeholders, on November 11^th, 2021, the Board of Directors agreed to issue Resolution 51/2021/NQ-HĐQT on the organizational model of Traphaco Joint Stock Company and Resolution 52/2021/NQ-HĐQT on the Decentralization Matrix regulating the scope of work of the Board of Directors, the subcommittees to assist the Board of Directors, and the positions in the Management system are assigned by the Board of Directors.

Then, on November 16^th, 2021, in order to promptly implement business activities, including developing the 2022 Budget Plan, which will be applied from January 1^st, 2022, ensuring the business plan objectives according to the orientation of the 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 Deputy General Director and the functional Director level that are appointed by the Board of Directors:

Decision 57/2021/QD-HĐQT, assigning Mrs. Dao Thuy Ha - currently Deputy General Director, to assume the title of Deputy General Director of Sales and Marketing

Decision 54/2021/QD-HĐQT temporarily assigning Mr. Kim Dong Hyu - currently Deputy General Director to assume the position of Deputy General Director of ETC Sales and Exploited Products

Decision 56/2021/QD-HĐQT temporarily assigning Mr. Nguyen Huy Van - currently Deputy General Director to assume the title of Deputy General Director of Research and Development

Decision 58/2021/QD-HĐQT temporarily assigning Mr. Nguyen Van Bui - currently Deputy General Director to assume the position of Deputy General Director of OTC Sales

Decision 55/2021/QD-HĐQT temporarily assigns Mr. Pham Hoang Anh - currently Director of Planning and Budget to assume the position of Director of Finance and Planning.

Vice Chairman of the Board of Directors Nguyen Anh Tuan and General Director Tran Tuc Ma congratulate key personnel

During the press conference, Mr. Nguyen Anh Tuan - Vice Chairman of the Board of Directors and also Head of the Restructuring Project Department shared the reasons and necessity of the Restructuring in terms of governance for the company to develop better. The process of implementing the Restructuring project is based on legal and practical principles, as well as shareholders' expectations, especially achieving high internal consensus. This is the innovation, the product of intellect and enthusiasm; carefully implemented and will be the driving force for long-term development of the Company.

Vice Chairman Nguyen Anh Tuan also shared specifically about Traphaco's restructuring of functional areas along the value chain: Sales & Marketing, Research & Development, Finance & Planning and support departments. The Vice President emphasized that, during and after the restructuring process, the Company is committed to ensuring job stability and the entire remuneration regime for employees so that employees can work with peace of mind with a stronger mindset, more motivated and achieve better results.

At the ceremony, the Deputy General Directors, Directors of Finance & Planning assigned and temporarily assigned the tasks thanked the shareholders for the trust, the trust of the Board of Directors and the General Director, the support of the shareholders. departments in the Company; committed to successfully completing the assigned tasks, contributing to the sustainable development of Traphaco.

General Director Tran Tuc Ma spoke at the ceremony

Next, General Director Tran Tuc Ma gave best wishes to the first 5 key positions entrusted by the Board of Directors with important tasks. The General Director affirmed that restructuring is inevitable, in line with the new and changing situation for development, better for the Company and for Traphaco's employees. With the Decentralization Matrix, the responsibilities and tasks are clearly and transparently assigned, which is an opportunity for each position to demonstrate its capacity and promote its strengths. General Director Tran Tuc Ma emphasized, in order to perform well Restructuring needs to perform well the following 3 tasks:

Firstly: Completing the budget plan close to reality, suitable with the Company in the new conditions.

Second: Issue functions and tasks of departments and units according to the new model. Continue to improve the processes and regulations of the Company in accordance with the law and in accordance with the new organizational model, creating the overall strength of the enterprise.

Third: Review and evaluate to select a number of trial sites for separation of the Pharmacist and a specific separation plan. Assign clear KPIs with specific goals for traditional and non-herbal medicines to continuously monitor and evaluate effectiveness and make timely adjustments.

The General Director is committed to creating favorable conditions and the best environment for the Deputy General Directors and functional Directors to fulfill their assigned tasks and contribute to the sustainable development of Traphaco.

Closing the Conference, Mr. Nguyen Anh Tuan believed that Traphaco's cultural spirit, with a tradition of 49 years, would be spread positively throughout the system with high consensus, solidarity and successful implementation of the objectives in the 2021 Plan, creating a solid premise for the 2021-2025 period; The new organizational model and management method are improved and more appropriate, will create a resonance of resources and values, pushing Traphaco to make a strong breakthrough in the future.