No Va Land Investment Group Corporation (NVL) announces the result of the preferred share conversion as follows:

      I.         Information on the preferred shares

-       Stock type: Convertible dividend preferred stock (Preferred stock)

-       Par value: VND10,000/share

-       Issue volume: 6,830,000 shares

-       Total issue value: VND68,300,000,000

-       Issue date: September 2015 (5,700,000 preferred shares) and November 2015 (1,130,000 preferred shares)

-       Preference time: 03 years from the issue date and extended to Quarter 4/2019

-       Objects of the issuance:

• Mr. Truong Ngoc Minh, currently owning 1,130,000 preferred shares, will be issued 2,260,000 common shares;
• Mr. Nguyen Hieu Liem, currently owning 5,700,000 preferred shares, will be issued 11,400,000 common shares.

-       Conversion ratio: 01 preferred share will be converted to 03 common shares

    II.         Result of share conversion

-       Name of converted stock: Convertible dividend preferred stock of No Va Land Investment Group Corporation

-       Number of converted preferred shares: 6,830,000 shares

-       Value of converted preferred shares: VND68,300,000,000

-       Conversion ratio: 03 common shares : 01 preferred share

-       Conversion date: December 27, 2019

-       Date of receipt of conversion announcements from holders: November 27, 2019

-       Name of stock converted from the preferred stock: Stock of No Va Land Investment Group Corporation

-       Stock code: NVL

-       Stock type: common stock

-       Par value: VND10,000/share

-       Number of converted shares: 20,490,000 shares

Of which:

• Number of additionally issued shares: 13,660,000 shares
• Number of shares converted from preferred shares to common shares: 6,830,000 shares

-       Value of converted shares (based on par value): VND204,900,000,000.

Of which:

• Value of additionally issued shares: VND136,600,000,000
• Value of shares converted from preferred shares to common shares: VND68,300,000,000.