The Board resolution dated November 16, 2020, the BOD of Tien Phong Commercial Joint Stock Bank approved the following issues:

1)      Approving the record date to issue shares to existing shareholders:

-          Record date: December 01, 2020

-          Exercise ratio:

• Stock issuance to pay dividend: 20% (shareholder who owns 100 shares will be received 20 new shares).
• Stock issuance to raise capital from the owner’s equity: 2.18% (shareholder who owns 10,000 shares will be received 218 new shares).

-          Expected issue volume:

• Stock issuance to pay dividend: 163,314,630 shares
• Stock issuance to raise capital from the owner’s equity:  17,801,294 shares.

2)      Approving the stock issuance of 33,970,000 under ESOP in 2020:

-          Time for settlement: expected from November 17, 2020 to December 04, 2020.

-          Issue ratio: 4.16%

-          Expected issue volume: 33,970,000 shares.