Petrolimex Insurance Corporation announces the Board resolution dated July 24, 2020 as follows:

1)      Business performance in the first six months of 2020 as follows:

−        Direct written premium: 1,765.8 billion dongs, achieving 61% of the year’s plan, increasing 24.6% compared to the same period of 2019;

−        Profit before tax: 140.6 billion dongs, achieving 78.1% of the year’s plan.

2)      The Board of Directors agreed to continue holding the shares of VINARE.

3)      The Board of Directors agreed to return the project land use right and dissolve PJICO Rescue Company Ltd.