The Board resolution dated March 14, 2022, the Board of Directors of Electronics Communications Technology Investment Development Corporation approved the following issues:

Article 1: Approved the plan for stock issuance to raise charter capital in 2022:

-          Stock name: Electronics Communications Technology Investment Development Corporation

-          Stock type: common share

-          Par value: VND10,000/share

-          Number of shares expected to be issued: 18,843,449 shares

-          Total value of issuance (at par value): VND188,434,490,000

-          Issuance purpose: to supplement working capital, technology research investment and business expansion.

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

1. Plan for stock issuance to raise capital from the owner’s equity:

-          Expected issue volume: 7,639,236 shares

-          Total value of issuance (at par value): VND76,392,360,000

-          Exercise ratio: 100:15 (Those who own 100 shares will receive 15 new shares)

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

-          For example: at the record date, shareholder A owned 155 shares. With 15% performing ratio, the shareholder A will receive: 155 *15/100 = 23.2 shares. According to rounding policy, the shareholder A receives 23 new shares. The fractional shares of 0.2 share will be cancelled.

-          Transfer restriction: none.

 2. Plan for implementing rights to buy the additional issuance shares

-          Expected offering volume: 11,204,213 shares

-          Total value (at par value): VND112,042,130,000

-          Offering price: 11,500 dongs/share

-          Total proceeds (estimated): VND128,848,449,500

-          Offering purpose: to supplement working capital, technology research investment and business expansion.

-          Exercise ratio: 100:22 (Those who own 01 share will receive 01 right, and with every 100 shares will be entitled to purchase 22 new shares)

-          For example: At the record date, the shareholder A owns 155 shares. With performing ratio 100:22, the shareholder A will purchase: 155*22/100 = 34.1 shares. According to rounding policy, the shareholder A will purchase 34 new shares.

-          Plan to deal with fractional shares and unsold shares: The distributed shares will be rounded down to units, the fractional shares and unsold shares (if any) will be decided by the Board of Directors to distribute to other investors with the selling price is not less than the offering price. These shares will be restricted in 01 year from the ending date of the offering.

Article 2: Approved the plan to ensure the share issuance to meet the regulations on foreign ownership ratio limit to 49%.

Article 3: Approved the plan for using capital from the issuance:

Total proceeds from the public offering in 2022 (estimated) of VND128,848,449,500 will be used for the following purposes: