On February 22, the Board of Directors of Pha Le Plastics Manufacturing and Technology Joint Stock Company approved the following issues:

1)      To increase the ownership ratio at Royal Crystal Joint Stock Company:

-          Issuer: Royal Crystal Joint Stock Company

-          Estimated ownership ratio after the investment: at least 51% and at most 99% of the outstanding shares

-          Buying price: at most VND30,000/share

-          Investment method: contributing capital to raise capital and/or purchasing shares from the existing shareholders.

After the acquisition, Royal Crystal Joint Stock Company will become a subsidiary of Pha Le Plastics Manufacturing and Technology Joint Stock Company.

2)      To increase the ownership ratio at Minh Cam Minerals Joint Stock Company:

-          Issuer: Minh Cam Minerals Joint Stock Company

-          Estimated ownership ratio after the investment: at least 51% and at most 99% of the outstanding shares

-          Buying price: at most VND22,000/share

-          Investment method: contributing capital to raise capital and/or purchasing shares from the existing shareholders.

After the acquisition, Minh Cam Minerals Joint Stock Company will become a subsidiary of Pha Le Plastics Manufacturing and Technology Joint Stock Company.