The Board resolution dated February 12, 2019, the Board of Directors of Fecon Corporation (FCN) approved to contribute capital to set up a subsidiary as follows:

-       Company name: Fecon Pile Construction Joint Stock Company No.1

-   Charter capital: VND18,000,000,000 (FCN contributed VND17,980,000,000, equivalent to 99.889% charter capital of Fecon Pile Construction Joint Stock Company No.1.

-       Time of implementation: Q1.2019.