The Board resolution dated September 10, 2021, the BOD of 577 Investment Corporation approved the plan for using treasury shares to distribute to existing shareholders with details as follows:

1)      Stock name: 577 Investment Corporation

2)      Stock type: common share

3)      Par value: VND10,000/share

4)      Number of shares issued: 100,475,656 shares

5)      Number of outstanding shares: 78,249,916 shares

6)      Number of treasury shares: 22,225,740 shares

7)      Number of treasury shares to be distributed to existing shareholders: 21,909,977 shares

8)      Total value (at par value): VND219,099,770,000

9)      Distribution ratio: 7:25 (Those who own 25 shares will receive 07 bonus shares.)

10)  Rounding plan: will be rounded down

11)  Plan to deal with fractional shares: to sell the fractional shares for Chief Executive Officer under ESOP with VND10,000/share (less than 500,000 shares)

12)  For example: at the record date, shareholder A owns 10 shares will receive 2.80 bonus shares (10/25*7). According to rounding policy, the shareholder A will receive 02 shares and fractional shares of 0.80 will be sold for Chief Executive Officer under ESOP with VND10,000/share.

13)  Transfer restriction: none

14)  Time of implementation:  within 30 days from the approval date of State Securities Commission of Vietnam (SSC).