On March 15, 2022, Petrolimex Insurance Corporation announces the stock issuance to raise capital from the owner's equity as follows:

-          Stock name: Petrolimex Insurance Corporation

-          Stock type: common share

-          Par value: 10,000 dongs

-          Number of shares expected to be issued: 22,179,443 shares

-          Total value (based on par value): 221,794,430,000 dongs

-          Issuing ratio: 25% (100:25) (Shareholder who owns 100 shares will receive 25 new shares)

-          Time of implementation: expected in Quarter 1/2022

-          Plan to deal with fractional shares: The distributed shares will not be rounded down to dozen, the fractional shares due to rounding down will be cancelled.

-          For example: at the record date, shareholder A owned 110 shares. With 25% performing ratio, the shareholder A will receive: 110*25/100 = 27.5 shares. According to rounding policy, the shareholder A receives 27 new shares and fractional shares of 0.5 will be cancelled.

-          Record date: March 25, 2022.