The Board resolution dated June 20, 2022, the BOD of Sai Gon Cargo Service approved the plan to issue shares for increasing capital from the owner’s equity as follows:

-          Stock name: Sai Gon Cargo Service

-          Stock type: common share

-          Par value: VND10,000/share

-          Issue rate: 85% (Those who own 100 shares will receive 85 new shares)

-          Expected issue volume: 43,133,845 shares

-          Total value of issuance (at par value): VND 431,338,450,000

-          Expected charter capital after the issuance: VND 1,010,695,450,000

-          Exercise ratio: 02:01 (Those who own 02 shares will receive 01 new share)

-          Transfer restriction: none

-          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 252 shares. With 85% exercise ratio, the shareholder A will receive: 252*85/100 = 214.2 shares. According to rounding policy, the shareholder A will receive 214 new shares.

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