The Board resolution dated August 12, 2019, the Board of Directors of Fecon Corporation approved to pay stock dividend for 2018 as follows:

-       Record date: August 22, 2019

-       Exercise ratio: 100:5 (Shareholder who owns 100 shares will receive 05 new shares).

-       Plan to deal with fractional shares: The distributed shares will be rounded down, the fractional shares will be cancelled.

-     For example: At the record date, shareholder A owned 1,050 shares. With 100:5 performing ratio, the shareholder A will receive: 1,050 * 5/100 = 52.5 shares. According to rounding policy, the shareholder A receives 52 new shares. The fractional shares of 0.5 will be cancelled.

-       Place of payment:

+ Shareholders whose shares have been deposited: at the securities firms where the shares have been deposited.

+ Shareholders whose shares have not been deposited: at Fecon Corporation.