The Board resolution dated March 14, 2023, the Board of Directors of City Auto Corporation approved the following contents:

1)      Approved the execution of the plan to issue shares under ESOP:

-          Stock name: City Auto Corporation

-          Stock type: common share

-          Transfer restriction: 01 year from the ending of the issuance.

-          Number of outstanding shares: 76,017,542 shares

-          Number of shares expected to be issued: 3,800,877 shares

-          Issue price: VND15,000/share

-          Plan for using capital after the issuance: to supplement its capital for the Company’s business activities.

2)      Approved the stock issuance under ESOP regulation.