Plan and progress of project implementation
At the General Meeting of Shareholders held on the morning of November 11, 2025, the Board of Directors of FLC Group affirmed that real estate is still the group's spearhead sector. According to Mr. Le Doan Linh - Deputy General Director in charge of investment and projects, FLC currently owns more than 50 projects in 11 provinces and cities, with a total land fund of over 10,000 hectares; the coastline of the projects is about more than 30 km. The list of projects covers all segments including golf courses, resort complexes, 5-star hotels, urban areas, low-income housing and social housing.
Mr. Linh said: With such a scale, large enterprises dream of having land funds and large project funds like FLC. FLC still has a lot of room for development in the next 5 - 10 years".
He said that in 2026, FLC will continue to research and expand investment in Ho Chi Minh City, Hue, Da Nang, Nha Trang, Can Tho, Lao Cai and some other localities. The Group will speed up legal completion and construction to hand over houses and red books to customers on schedule as committed.
The company representative emphasized the efforts to implement the Hausman apartment project (CT2 Dai Mo) on the extended Le Quang Dao axis. The project was constructed continuously in three shifts, helping to shorten the progress by more than a year compared to the original plan. In November 2025, CT2 building with 410 apartments will be topped out; the goal is to hand over in June 2026.
In the social housing segment, the Tropical project with more than 900 apartments for low-income people is expected to have three towers to be built in December 2025 and handed over in 2026.
At the same time, the FLC Quang Tri project is also being accelerated, including a 433-room hotel block with about 13 floors, along with apartments and resort villas. FLC said it is looking for partners with transparent land funds and legal status to promote the implementation of new projects.
Plan to bring stocks back to trading
The content that shareholders are most interested in is the progress of issuing financial reports, auditing and the time of restoring FLC stock trading.
According to FLC's leadership, the Group has worked with a number of auditing units and provided preliminary documents for initial assessment. At the Congress, the Board of Directors submitted to shareholders for approval the authorization of the Board of Directors to select an independent auditing unit to conduct a review and audit of financial statements.
FLC plans to issue an audit report for the years 2021 - 2024 in 2025. Regarding the audited financial report for 2025, the Group aims to complete it in the first quarter or early second quarter of 2026. Immediately after that, FLC will carry out procedures according to regulations to report to the State Securities Commission and the Securities Exchange Department, proposing to restore stock trading. According to the plan, FLC shares can trade on the UpCoM exchange in the first quarter of 2026.
Receive Bamboo Airways according to the principle of caution
Mr. Vu Anh Tuan - Chairman of the Board of Directors - said that the Board of Directors has received resignation petitions from a number of members for personal reasons, in accordance with legal regulations and company charter. Therefore, the Board of Directors had no basis to refuse to accept. To ensure continuous operation, the Board of Directors has searched for and introduced candidates with capacity, prestige, and sufficient conditions according to regulations for the Congress to elect additional members.
The Board of Directors also develops an inheritance personnel plan and a plan to transfer work between members to avoid interruption in operations. The remaining members of the Board of Directors, the Board of Supervisors and the Executive Board are focusing on overcoming difficulties and implementing the set development plan.
Other content attracted attention related to the policy of receiving Bamboo Airways. FLC representative said that the agreement to receive the ownership, management and operation of Bamboo Airways was carefully considered, in compliance with the law and was based on the proposal of Mr. Le Thai Sam - Chairman of the Board of Directors of Bamboo Airways.
The board acknowledged that taking over Bamboo in the context of FLC's comprehensive restructuring is a big challenge. However, the policy is based on three principles: not interrupting the restructuring process; ensuring development plans in accordance with existing financial and human resource capacity; strictly controlling risks, maintaining sustainable operations.
Currently, FLC is working with domestic and foreign partners with experience in the fields of aviation, aircraft leasing and finance, to seek cooperation solutions, technical support and capital for Bamboo Airways. The mobilization of resources will be done step by step, cautiously, and in accordance with current capacity.
At the same time, FLC will develop a plan to report to the Prime Minister and management agencies on the development orientation of Bamboo in the period of 2025 - 2030. Detailed information will be presented at the 2026 Annual General Meeting of Shareholders.
