The Board resolution dated May 13, 2021, the BOD of LICOGI 16 Joint Stock Company approved the following issues:

1)      Approving to implement the plan for public offering:

a)      Stock issuance to pay dividends for 2020:

-          Number of shares expected to be issued: 9,219,853 shares, equivalent to 8.00% number of outstanding shares

-          Exercise ratio: 100:8 (shareholder who owns 01 share will receive 01 right, and with every 100 rights will be entitled to receive 08 new shares).

-          Estimated execution time: Quarter III/2021 or Quarter IV/2021, after being approved by the State Securities Commission of Vietnam (SSC).

b)      Public offering to existing shareholders:

-          Number of shares expected to be issued: 50,000,000 shares

-          Exercise ratio: 115,248,172:50,000,000 (shareholder who owns 01 share will receive 01 right, and with every 115,248,172 rights will be entitled to purchase 50,000,000 new shares).

-          Plan for using capital from the offering:

+ To repay loan for banks and subsidiaries: VND204,000,000,000

+ To contribute capital LCE Gia Lai: VND146,000,000,000

+ To invest Long Tan Residential Area project: VND150,000,000,000.

-          Time of implementation: expected in 2021, after being approved by the State Securities Commission of Vietnam (SSC).

2)      Approving the dossier of registration for the public offering.