On September 07, 2022, Nam Long Investment Corporation reports the progress of using capital from the share private placement with details as follows:

1. Information on issuance:

-          Stock name: Nam Long Investment Corporation

-          Stock type: common share

-          Par value: VND10,000/share

-          Issued volume: 60,000,000 shares

-          Mobilized capital amount: VND2,010,000,000,000

-          Total mobilized capital after deducting issuance cost: VND1,995,104,031,000.

-          Ending date: September 03, 2021.

1. Plan for using capital from the private placement:

-          The capital use progress according to the plan announced: Total proceeds from the issuance will be used to invest in Akari project.

-          Current capital use progress: The project has completed the design and construction work, completed the mass pile bidding package. Currently, the main contractor Ricons is implementing the bidding package.