On September 10, 2021, the Board of Directors of Gia Lai Electricity Joint Stock Company (HOSE: GEC) approved the establishment of subsidiary as follows:

-          Company name: New Renewable Energy No.1 Joint Stock Company

-          Address: 253 Hoang Van Thu, Tan Binh, Ho Chi Minh city

-          Charter capital: VND180 billion

-          Capital contribution ratio by GEC: 99.83%, equivalent to VND179.7 billion.