The Board resolution dated September 20, 2019, LICOGI 16 Joint Stock Company approved the following issues:

1. The Board of Directors approved to pay cash dividend:

-   Record date: October 11, 2019

-   Exercise ratio: 7% (700 dongs/share).

2. The Board of Directors approved to plan the stock issuance to pay dividend for 2018:

-   Stock name: LICOGI 16 Joint Stock Company

-   Stock type: common share

-   Par value: VND10,000/share

-   Number of shares issued: 100,000,000 shares

-   Number of outstanding shares: 97,999,662 shares

-   Number of treasury shares: 2,000,338 shares

-   Number of shares expected to be issued: 4,899,983 shares

-   Total value (based on par value): VND48,999,830,000

-   Issue ratio: 5% (shareholder who owns 100 shares will receive 05 new shares.)

-   Time of implementation: expected in 2019 after being approved the State Securities Commission of Vietnam (SSC).

-   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 135 shares. With 5% performing ratio, the shareholder A will receive: 135 * 5/100 = 6.75 shares. According to rounding policy, the shareholder A receives 06 new shares. The fractional shares of 0.75 will be cancelled.

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