On January 22, 2019, the Board of Directors of Song Hong Garment Joint Stock Company (MSH) approved to contribute capital for setting up a subsidiary as follows:

-       Company name: Song Hong – Nghia Hung Garment Joint Stock Company

-       Charter capital: VND150,000,000,000 (MSH contributed VND76,500,000,000, equivalent to 51% charter capital).

-       Address: Nghia Phong Commune, Nghia Hung District, Nam Dinh Province.

-       To appoint Mr. Nguyen Ngoc Khuyen as the representative of stake of MSH in Song Hong – Nghia Hung Garment Joint Stock Company.