In accordance with Board Resolution No.07/NQ2019-HDQT dated August 02, 2019 by the Board of Directors of Saigon Real – Estate Joint Stock Company, the Board of Directors approved the following issues:

1. Approving the business performance in the first six months of 2019:

-       Total investment: 349 billion dongs

-       Profit before tax: 53.2 billion dongs

2. Approving the business plan for the last six months of 2019:

-       Total investment: 1,456.45 billion dongs

-       Profit before tax: 157 billion dongs

3. Approving the establishment of Saigon Hoa Binh Real – Estate Co., Ltd.

-       Company name: Saigon Hoa Binh Real – Estate Co., Ltd.

-       Head office: Luong Son, Hoa Binh province

-       Enterprise model: a limited company that 100% owned by Saigon Real – Estate Joint Stock Company

-       Charter capital: VND80 billion

4. Approving to clear a bad debt worth VND1,853,584,080.