The Board resolution dated May 21, 2021, the BOD of Baominh Insurance Corporation approved to implement the plan for stock issuance to raise capital from the owner’s equity as follows:

-          Stock name: Baominh Insurance Corporation

-          Stock code: BMI

-          Stock type: common share

-          Par value: VND10,000/share

-          Number of outstanding shares: 91,354,037 shares

-          Number of shares expected to be issued: 18,270,807shares

-          Total value of issue (based on par value): VND182,708,070,000

-          Exercise ratio: 20% (shareholders who own 10 shares will receive 02 new share).

-          Time of implementation: expected in May 2021 or July 2021

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

-          For example: at the record date, shareholder A owned 14 shares. With 20% performing ratio, the shareholder A will receive: 14 * 20/100 = 2.8 shares. According to rounding policy, the shareholder A receives 02 new shares and fractional shares of 0.8 will be cancelled.

-          Regulation on transfer restriction: none.