Vietnam Enterprise Investments Limited announced that Wolfgang Bertelsmeier has informed the Board that, in line with best practice in corporate governance with regard to tenure, he will step down as Chair of the Company and resign from the Board, both effective 30 June 2019. He has served on the Board with distinction for over nine years, having been appointed in July 2009. The Board has elected Stanley Chou, currently senior independent non-executive director, to replace Mr. Bertelsmeier as Chair of the Company after Mr. Bertelsmeier steps down on 30 June 2019. The Board Committees will be reviewed and their composition will be re-constituted effective 1 July 2019. Mr. Chou will offer himself for re-election to the Board in the usual way at the next Annual General Meeting ("AGM") of the Company.