The Board resolution dated October 17, 2022, the BOD of Viet Phat Import Export Trading Investment Joint Stock Company approved to implement the capital contribution to establish a subsidiary. Here are the specifics:

-          Company name: Newland Investment Construction Joint Stock Company

-          Short name: NEWLAND IC.,JSC

-          Location: 11/lot 32 Vinhomes resettlement area, So Dau ward, Hong Bang district, Hai Phong, Vietnam.

-          Charter capital: VND300,000,000,000 (VPG contributed VND270,000,000,000, equivalent to 27,000,000 shares, accounting for 90% charter capital of Newland Investment Construction Joint Stock Company).

-          Stock volume: 30,000,000 shares

-          Par value: VND10,000/share.