On November 11, 2020, Viet Nam Electrical Equipment Joint Stock Corporation announces the Resolution of General Meeting of Shareholders in form of collecting shareholders’ opinion to approve the plan for selling treasury shares under ESOP. Details are as follows:

-          Stock name: Viet Nam Electrical Equipment Joint Stock Corporation

-          Stock type: common share

-          Par value: VND 10,000/share

-          Current stock volume: 18,274,950 shares

-          Expected selling volume: 12,000,000 shares, equivalent to 2.55% number of outstading shares

-          Subjects allowed to buy treasury shares: employees

-          Selling price: VND 12,000/share

-          Total value (based on par value): VND 120,000,000,000

-          These shares will be restricted in 03 years from the finish date of the selling

-          Expected execution time: Quarter 4/2020 or Quarter 1/2020, after being approved the State Securities Commission of Vietnam (SSC).

-          Total proceeds from the selling of treasury shares to employees will be used to supplement its working capital.

-          Trading method: to transfer rights via the Vietnam Securities Depository (VSD).