Phat Dat Real Estate Development Corp has set up a subsidiary as follows:

-  Name of the subsidiary: Phat Dat Realtor Real Estate Trading JSC (*)

-        Name of owner: Phat Dat Real Estate Development Corp

-        Charter capital: VND98,000,000,000 (Phat Dat Real Estate Development Corp contributed 51% of the charter capital).

-        Ms. Tran Trong Gia Vinh was authorized to mange VND49,980,000,000 of Phat Dat Real Estate Development Corp in Phat Dat Realtor Real Estate Trading JSC.

(*) The company name is temporarily translated.