The Board resolution dated September 14, 2019, Duc Quan Investment and Development Joint Stock Company approved the following issues:

1. Approving the plan for stock issuance to pay dividend for 2017 and 2018:

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

-       Stock type: common share

-       Par value: VND10,000/share

-       Issue price: VND10,000/share

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

-       Expected issue volume: 3,750,000 shares; Of which:

+ To pay stock dividend for 2017: 5%, equivalent to 2,500,000 shares;

+ To pay stock dividend for 2018: 2.5%, equivalent to 1,250,000 shares.

-       Issue ratio: 7.5% charter capital (Shareholder who owns 1,000 shares will receive 75 new shares.)

-       Total value (based on par value): VND37,500,000,000.

-       Plan to deal with fractional shares: The fractional shares will be bought back as treasury shares by the company.

-       For example: At the record date, shareholder A owned 1,258 shares. The shareholder A will receive: 1,258* 0.1 = 125.8 shares. According to rounding policy, the shareholder A receives 125 new shares. The fractional shares of 0.8 will be accumulated with the fractional shares of other shareholders and these shares will be bought back as treasury shares by the company.

-       The new shares are freely transferable.

-       Expected issue time: within 90 days after being approved by the State Securities Commission of Vietnam (SSC).

2. Approving the dossier of stock issuance to pay dividend for 2017 & 2018:

-       Report on the stock issuance to pay dividend for 2017 & 2018;

-       Resolution of the Annual General Meeting 2019 dated April 16, 2019;

-       Audited financial statements in 2017, 2018.

3. Approving to register to deposit at the Vietnam Securities Depository (VSD) and to list on the Hochiminh Stock Exchange (HOSE) for new shares of the stock dividend payment.