The Board resolution dated May 12, 2021, the BOD of Military Insurance Corporation approved to implement the plan for stock issuance to pay dividends to existing shareholders as follows:

-          Stock name: Military Insurance Corporation

-          Stock code: MIG

-          Stock type: common share

-          Par value: VND10,000/share

-          Number of shares expected to be issued: 13,000,000 shares

-          Total value of issue (based on par value): VND 130,000,000,000

-          Exercise ratio: 10:1 (shareholders who own 01 share will receive 01 right, and with every 10 rights will be entitled to receive 01 new share).

-          Plan to deal with fractional shares: The distributed shares will be rounded down to dozen, the fractional shares due to rounding down will be transferred to MIC Labor Union.

-          For example: at the record date, shareholder A owned 123 shares. With 10:1 performing ratio, the shareholder A will receive: 123 *1/10 =12.3 shares. According to rounding policy, the shareholder A receives 12 new shares and fractional shares of 0.3 will be transferred to MIC Labor Union.

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

-          Regulation on transfer restriction: none.