Cuongthuan Idico Development Investment Corporation announces the document dated January 22, 2020 to seek shareholders’ approval for new share buyback and public tender offer as follows:

1. Share buyback:

−      Stock code: CTI

−      Stock type: common stock

−      Estimated buying volume: 18,900,000 shares (equivalent to 30% of total outstanding shares)

−      Buying price: the buying price will be decided by the Board of Directors

−      Trading time: in 2020

−      Financial resource: the capital surplus, investment development fund and undistributed profit.

2. Public tender offer for the shares of Cuongthuan Idico Development Investment Corporation:

−      Target company: Cuongthuan Idico Development Investment Corporation

−      Stock code: CTI

−      Charter capital: VND629,999,970,000

−      Outstanding volume: 62,999,997 shares

−      Estimated buying volume: 18,900,000 shares (equivalent to 30% of total outstanding shares)

−      Buying price: the buying price will be decided by the Board of Directors

−      Trading time: in 2020.