The Board resolution dated December 22, 2021, the BOD of Truong Thinh Energy Investment Joint Stock Company approved the following contents:

1)      Approving the plan for share private placement:

-          Stock name: Truong Thinh Energy Investment Joint Stock Company

-          Stock type: common share

-          Par value: 10,000 dongs/share

-          Number of outstanding shares: 28,490,400 shares

-          Charter capital before the issuance: VND284,904,000,000

-          Number of shares expected to be issued: 21,000,000 shares

-          Total value (at par value): VND210,000,000,000

-          Offering price: VND10,000

-          Issuance form: private placement

-          Plan for using capital from the issuance: total proceeds from the issuance (estimated) of VND210,000,000,000 will be supplemented capital resources for investment activities.

-          Transfer restriction:

• For strategic investors: 03 years from the ending date of the offering
• For professional investors: 01 year from the ending date of the offering.

-          Time of implementation: after being approved by the State Securities Commission of Vietnam.

2)      Approving the stock issuance under ESOP:

-          Stock name: Truong Thinh Energy Investment Joint Stock Company

-          Stock type: common  share

-          Par value: 10,000 dongs/share

-          Number of outstanding shares: 28,490,400 shares

-          Number of shares expected to be issued: 509,600 shares

-          Total value (at par value): VND5,096,000,000

-          Issuance ratio: 1.79%

-          Issuance price: 10,000dongs/share

-          Plan for using capital from the issuance: total proceeds from the issuance (estimated) of VND5,096,000,000 will be supplemented capital resources for investment activities.

-          Transfer restriction:

• 50% after 01 year
• 50% remaining after 02 years.

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