The Board of Directors of Nafoods Group Joint Stock Company (NAF) approved to adjust the plan for convertible shares into the share buyback of small shareholders in Nafoods Passion Fruit JSC, Nafoods Highlands JSC and Nafoods Southern JSC. The purpose of shares buyback of small shareholders to increase NAF's ownership ratio to 99.8% in these companies. The details are as follows:

-          Total conversion value (excluding the personal income tax): VND80,001,780,000

-          The maximum personal income tax that NAF will have to pay to the small shareholders to pay to the tax Department: VND3,077 billion.

-          Transfer price:

• Nafoods Passion Fruit JSC: 31,045 dongs/share;
• Nafoods Highlands JSC: 8,144 dongs/share;
• Nafoods Southern JSC: 9,331 dongs/share.