The Board resolution dated June 07, 2021, the BOD of VINGROUP Joint Stock Company approved the following issues:

1)      The implementation of internal restructuring, Vin3S Joint Stock Company (is a subsidiary of Vingroup) carried out the procedures to separate businesses. Accordingly, Vin3S Joint Stock Company transfers a part of contributed capital of existing shareholders with corresponding assets, rights and obligations to establish new companies. Details are as follows:

-          Company name: Serene Land Joint Stock Company

-          Head office address: No.7 Bang Lang Street, Vinhomes Riverside, Viet Hung Ward, Long Bien District, Hanoi, Vietnam.

-          Charter capital: VND64,790,000,000 (VIC owned 59.39% charter capital of Serene Land Joint Stock Company, corresponding to Vingroup's ownership rate in Vin3S Joint Stock Company).

2)      The implementation of capital contribution to establish subsidiary:

-          Company name: Vinbiocare Biotechnology Joint Stock Company

-          Head office address: Techno Park Building, Vinhomes Ocean Park, Da Ton Commune, Gia Lam District, Hanoi, Vietnam.

-          Charter capital: VND200,000,000,000 (VIC owned 69% charter capital of Vinbiocare Biotechnology Joint Stock Company).