Tin Nghia Industrial Park Development Joint Stock Company announces the Resolution of Extraordinary General Meeting 2020 dated September 24, 2020 with the following contents:

1)      The EGM approved to adjust the investment capital of the service, trade, logistics area project at Highway 25, Thong Nhat District, Dong Nai Province from VND 743,139,000,000 to VND 2,077,747,254,959.

2)      The EGM approved the plan to issue shares to existing shareholders:

-          Stock name: Tin Nghia Industrial Park Development Joint Stock Company

-          Stock code: TIP

-          Stock type: common share

-          Par value: VND 10,000/share

-          Number of outstanding shares: 26,003,143 shares

-          Number of shares expected to be issued: 14,041,697 shares

-          Total value (based on par value): VND 140,416,970,000

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

-          Exercise ratio: 100:54 (shareholder who owns 100 shares will be entitled to purchase 54 new shares).

-          The number of newly issued shares bought by each existing shareholder will be rounded down.

-          For example: At the record date, the shareholder A owns 20 shares. With 100:54 performing ratio, the shareholder A will purchase: 20 * 54/100 = 10.8 shares. According to rounding policy, the shareholder A purchases 10 new shares.

-          The rate of successful offering: min 90%

-          Expected offering price: VND 10,000/share

-          The new shares are freely transferable.

-          The rights should be transferred only once.

-          Total proceeds from the offering of VND 140,416,970,000 (estimated) will be used to compensate for site clearnace for the service, trade, logistics area project at Highway 25, Thong Nhat District, Dong Nai Province.