The Board resolution dated December 03, 2019, the Board of Directors of City Auto Corporation approved to increase its ownership ratio at Auto Truong Chinh Joint Stock Company as follows:

-       Company name: Auto Truong Chinh Joint Stock Company

-       Charter capital: VND 230,000,000,000

-       Current the ownership ratio: 57.8%, equivalent to 13,300,000 shares

-       Expected the ownership ratio after increasing: 96.9%, equivalent to 22,300,000 shares

-       Additional volume: 9,000,000 shares

-       Additional purchase form: to receive the transfer of shares from other shareholders in Auto Truong Chinh Joint Stock Company.

-       To appoint Mr. Tran Lam as the representative of stake of Auto Truong Chinh Joint Stock Company in Auto Truong Chinh Joint Stock Company.