Gelex – responsibility to the community, employees and shareholders in the prevention of Covid-19

Vietnam Electrical Equipment Joint Stock Corporation donated VND 5 billion for epidemic prevention in the context of the complicated development of the Covid-19 epidemic in Vietnam.

As an enterprise operating under the Holdings model, in which the production of electrical equipment and investment in the power generation development from renewable energy (wind power, solar power) were core activities of Gelex.

The Corporation was having nearly 5,000 employees from member units in both the North and the South. With a sense of responsibility to the community and joining to contribute more resources to the frontline units against the epidemic. On March 18, Vietnam Electrical Equipment Joint Stock Corporation donated VND 5 billion, directly visited the National Hospital of Tropical Diseases and the National Institute Of Hygiene And Epidemiology and contributed to the purchase of more medical equipment and supplies with the desire to reverse the pandemic as soon as possible and brought health and peace to everyone.

Since the outbreak of the Covid-19 epidemic in Vietnam, all member units of the group had been highly aware of and strictly followed epidemic prevention measures, according to the directive of the Prime Minister and guidelines of the Ministry of Health. Along with the nature of the Group’s main activities in the field of industrial production, the Company’s production and business activities have been maintained; employees were assured of having enough jobs; the input materials are signed at the beginning of the year for the whole year and the supply in countries that had controlled effectively, so that the supply of production materials in terms of both quantity and price had been not affected.

In addition to the efforts to take care of the working environment so that employees could feel secure; with a financial plan prepared in advance, at the same time contributed to protecting the interests of shareholders. Gelex was implementing a plan to buy treasury shares, aiming to stabilize GEX’s share price and maximize benefits for shareholders, contributing to protecting shareholders from the impact of the Covid-19 epidemic.