Hoa Phat Group Joint Stock Company announces the Resolution on the General Meeting of Shareholders dated March 25, 2020 approving the adjustment of the investment project of Hoa Phat Dung Quat Steel Production Complex in Quang Ngai as follows:

-       Project scale: 5 million tons

-       Use area: 166 ha

-       Total investment: expected about VND 60,000 billion; Of which:

• Fixed capital: expected about VND 50,000 billion;
• Movable capital: expected about VND 10,000 billion.

-       Project progress: including two phases:

• Phase 1: 36 months from the date of land transfer and construction permit;
• Phase 2: 36 months from the finish date of phase 1.