Phuoc Hoa Rubber Joint Stock Company announces Board Resolution No.07/2020 dated April 07, 2020 as follows:

The Board of Directors approved the report on business performance in the first quarter of 2020 and plan for the second quarter of 2020 in the parent company:

1. Business performance in Quarter 1.2020:

-       Exploitation output: 1,023.93 tons

-       Purchase output: 1,238.17 tons

-       Processing output: 2,567.59 tons

-       Selling quantity: 4,913.22 tons

-       Average selling price: 34.58 million dongs/ton

-       Revenue of parent company: 334.68 billion dongs

-       Profit before tax: 172.46 billion dongs

-       State budget payment: 46.28 billion dongs

2. Business targets for Quarter 2.2020:

-       Exploitation output: 2,277 tons of dry rubber latex (19.8% of year’s plan)

-       Purchase output: 2,250 tons of dry rubber latex (19.8% of year’s plan)

-       Processing output: 4,527 tons of dry rubber latex (19.8% of year’s plan)

-       Selling quantity: 3,620 tons of dry rubber latex (19.8% of year’s plan)

-       Average selling price: 32 million dongs/ton

-       Revenue of parent company: 480 billion dongs (19.51% of year’s plan)

Of which: revenue from rubber: 115.840 billion dongs

-       Profit before tax: 350 billion dongs (30.48% of year’s plan)

-       State budget payable: 30 billion dongs (10.11% of year’s plan).