On Jun 04, 2021, the Board of Directors of Ho Chi Minh City Development Joint Stock Commercial Bank approved the following issues:

1)      Increase the charter capital from 16,088,488,180,000 dongs to 20,272,906,420,000 dongs.

2)      Implement the stock dividend plan and the employee stock ownership plan (ESOP) to increase the charter capital as announced in Article 1:

-          Stock type: common stock

-          Par value: 10,000 dongs

-          Total issued volume: 1,608,848,818 shares

-          Outstanding volume: 1,593,767,296 shares

-          Treasury volume: 15,081,522 shares

-          Preferred volume: 0 shares

-          Estimated issue volume: 418,441,824 shares

Details are as follows:

a)      Increase the charter capital by 3,984,418,240,000 dongs by issuing shares to pay dividends:

-          Estimated issue volume: 398,441,824 shares

-          Exercise ratio:  100:25 (those who own 100 shares will receive 25 new shares)

-          How to deal with fraction shares: The distributed shares will be rounded down. The fractional part (if any) will be distributed to HDBank’s Labor Union.

-          Issue time: in Quarter 3 of 2021

b)      Increase the charter capital by 200,000,000,000 dongs under ESOP:

-          Estimated issue volume: 20,000,000 shares

-          Issue price: 10,000 dongs/share

-          Exercise ratio:  100:25 (those who own 100 shares will receive 25 new shares)

-          Object: HDBank’s employees in the list adopted by the Board of Directors

-          Issue time: in 2021, after the stock issue for dividend payment.