On May 10, 2019, Duc Quan Investment and Development Joint Stock Company issued a resolution to approve the following issues:

-       The Board of Directors approved to cancel the plan for stock issuance which is approved in the Annual General Meeting 2017 dated April 15, 2017 with the following content:

-       Stock issuance to existing shareholders:     100,000,000,000 dongs

-       Stock issuance under ESOP:                         10,000,000,000 dongs

-       Total mobilized capital:                               110,000,000,000 dongs.

-       The Board of Directors approved the plan for stock issuance to existing shareholders as follows:

-       Stock name: Duc Quan Investment and Development Joint Stock Company

-       Charter capital: VND500,000,000,000

-       Stock type: common share

-       Par value: VND10,000/share

-       Number of outstanding shares: 50,000,000 shares

-       Number of shares expected to be issued: 30,000,000 shares

-       Total value (based on par value): VND300,000,000,000

-       Time of implementation: Q2.2019 or Q3.2019.

-       Exercise ratio: 5:3 (shareholder who owns 01 share will receive 01 right, and with every 05 rights will be entitled to receive 03 new shares).

-       For example: At the record date, the shareholder A owns 22 shares. With 5:3 performing ratio, the shareholder A will purchase: 22/5 * 3 = 13.2 shares. According to rounding policy, the shareholder A purchases 13 new shares. The fractional shares of 0.2 will be decided by the Board of Directors.

-       The rights should be transferred only once.

-       How to deal with fractional shares: The number of newly issued shares bought by each existing shareholder will be rounded down. The fractional shares and the shares refused to buy (if any) will be decided by the Board of Directors.

-       Expected mobilized capital from the offering: VND300,000,000,000.