The Board resolution dated March 21, 2022, Kinh Bac City Development Holding Corporation announces the stock issuance to raise capital from the owner’s equity with details as follows:

-          Stock name: Kinh Bac City Development Holding Corporation

-          Stock code: KBC

-          Stock type: common share

-          Par value: 10,000 dongs

-          Number of outstanding shares: 575,711,167 shares

-          Number of shares expected to be issued: 191,903,722shares

-          Total value (based on par value): 1,919,037,220,000

-          Issuing ratio: 33.33% (3:1) (Shareholder who owns 03 shares will receive 01 new share).

-          Plan to deal with fractional shares: The distributed shares will not be rounded down to dozen, the fractional shares due to rounding down will be cancelled.

-          For example: at the record date, shareholder A owned 1,000 shares. With 3:1 performing ratio, the shareholder A will receive: 1,000*1/3 = 333.3 shares. According to rounding policy, the shareholder A receives 333 new shares and fractional shares of 0.3 share will be cancelled.

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