On November 18, 2019, the Board of Directors of Hai An Transport and Stevedoring Joint Stock Company (code: HAH) approved (i) an agreement with the related person Pan Hai An Co., Ltd., a company with 51% owned by HAH, and (ii) a commercial medium-term loan with the right to convert into the capital contributed to Pan Hai An Co., Ltd.

The details of the loan are as follows:

-       Total loan value: VND46,600,000,000, equivalent to US$2,000,000 (the estimated exchange rate: VND23,300  /USD)

-       Purpose: to invest in the second phase of Pantos – Hai An Logistics Center Project

-       Loan term: 02 years

-       Interest rate: 5%/year

The Board of Directors also approved the draft of loan agreement between Hai An Transport and Stevedoring Joint Stock Company and Pan Hai An Co., Ltd.