The Board resolution dated July 27, 2022, the BOD of Saigon General Service Corporation (Savico) approved to receive the transfer of 1,047,900 shares (equivalent to 26.198% charter capital) from other shareholders of Sao Tay Nam Automobile Joint Stock Company (Huyndai Tay Do) to raise the ownership ratio of Savico in Huyndai Tay Do to 69.998% and transferred into a subsidiary of Savico.