The Board resolution dated November 07, 2019, the Board of Directors of An Phat Bioplastics Joint Stock Company (AAA) approved the plan to contribute capital in An Phat International INC which will be established in the United State of America and AAA only owns a maximum 99.9% charter capital of An Phat International INC. Accordingly, An Phat International INC will trade biodegradable products in the North American market.