The Board resolution dated December 14, 2021, the BOD of Hong Ha Food Investment Development Joint Stock Company approved the following contents:

1)      Approving the purchase of shares 02 associated companies – HongHa Pharma Joint Stock Company and Ngoc Lac Xanh Agricultural Products Joint Stock Company.

2)      Approving the plan for share private placement according to the Resolution of the Extraordinary General Meeting 2021 dated December 09, 2021:

-          Stock name: Hong Ha Food Investment Development Joint Stock Company

-          Stock code: HSL

-          Stock type: common share

-          Par value: VND10,000/share

-          Expected issuance volume: 15,000,000 shares; Of which:

• 7,500,000 shares for strategic investors;
• 7,500,000 shares for professional investors.

-          Total value (at par value): VND150,000,000,000

-          Offering price: VND10,000/share

-          Charter capital before the issuance: VND171,671,440,000

-          Charter capital after the issuance: VND321,671,440,000.

-          Time of implementation: expected in Quarter I/2022, after being approved by the State Securities Commission of Vietnam (SSC).

-          Offering purpose: total proceeds from the issuance will be used to repay loans and supplement working capital.

-          Time for restriction transfer: 01 year from the ending date of the offering.

-          Bank for blocking depository money:

• Account holder: Hong Ha Food Investment Development Joint Stock Company
• Account number: 1017122116
• Bank: SHBank – Ha Noi branch.

3)      Approving the dossier of registration for share private placement.