1) On June 12, 2020, the Board of Directors of Masan Group Corporation allowed the Company to establish a consolidated company to operate VCM Services and Trading Development Joint Stock Company (“VCM”) and MasanConsumerHoldings Co., Ltd. (“MCH”):
2) The establishment of SHERPA Co., Ltd. (“The SHERPA”) and CrownX Joint Stock Company (“CrownX”). Of which, CrownX will be a subsidiary holding the contributed capital of MCH and VCM shares;
3) The investment in cash by the Company in The SHERPA and CrownX up to VND1,000 billion by one or more transactions;
4) The Company will transfer to CrownX by one or more transactions (i) all of VCM shares held by the Company and (ii) all of the contributed capital of MCH held by the Company; and
5) The Company will execute other transactions in order to complete the consolidation transaction.