The Board resolution dated December 01, 2022, the BOD of Petrovietnam General Services Corporation approved the plan to issue shares for 2021 dividend payment with details as follows:

-          Stock name: Petrovietnam General Services Corporation

-          Stock code: PET

-          Stock type: common share

-          Par value: VND10,000/share

-          Number of shares issued: 90,450,124 shares

-          Number of treasury shares: 612,700 shares

-          Number of outstanding shares: 89,837,424 shares

-          Number of shares expected to be issued: 8,983,742 shares

-          Exercise ratio: 10% (100:10 (Those who own 100 shares will receive 10 new shares)

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

-          For example: at the record date, shareholder A owns 95 shares. With 10% exercise ratio, the shareholder A will receive: 95*10/100 = 9.5 shares. According to rounding policy, the shareholder A will receive 09 new shares and fractional shares of 0.5 share will be cancelled.

-          Time of implementation: expected in 2022-2023, after being approved by the State Securities Commission of Vietnam (SSC).

-          Plan for using capital from the issuance: will be used to supplement working capital.