The Board resolution dated October 13, 2020, the BOD of Vietnam Technological and Commercial Joint Stock Bank approved to carry out the plan of stock issuance under ESOP for increasing the company’s charter capital with the following details:

-          Company name: Vietnam Technological and Commercial Joint Stock Bank

-          Stock type: common share

-          Par value: VND 10,000/share

-          Current charter capital: VND 35,001,399,620,000

-          Expected charter capital to increase: VND 47,662,680,000

-          Charter capital after capital increase: VND 35,049,062,300,000

-          Number of shares issued: 3,500,139,962 shares

-          Number of outstanding shares: 3,500,139,962 shares

-          Number of shares expected to be issued: 4,766,268 shares

-          Issue ratio: 0.14%

-          Issue price: VND 10,000/share

-          These shares will not be restricted transfer.

-          How to deal with unsold shares: After the stock offering finish, if the employees refused to buy (if any) will be decided by the Board of Directors.

-          Time of implementation: expected in 2020 after being approved by the State Securities Commission of Vietnam (SSC).