The Board resolution dated May 10, 2022, the BOD of Military Insurance Corporation approved to implement the plan to issue shares for 2021 dividend payment with details as follows:

-          Stock name: Military Insurance Corporation

-          Stock code: MIG

-          Stock type: common share

-          Par value: VND10,000/share

-          Number of shares expected to be issued: 21,450,000 shares

-          Total value of issuance (at par value): VND214,500,000,000

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

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

-          Plan to deal with fractional shares: The distributed shares will be rounded down to units, the fractional shares will be transferred to the Trade Union of Military Insurance Corporation.

-          For example: at the record date, shareholder A owns 1,234 shares. With 100:15 exercise ratio, the shareholder A will receive: 1,234*15/100 = 185.1 shares. According to rounding policy, the shareholder A will receive 185 new shares and the fractional shares of 0.1 share will be transferred to the Trade Union of Military Insurance Corporation.

-          Transfer restriction: none

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