The Board resolution dated April 24, 2023, the BOD of Tien Len Steel Corporation Joint Stock Company approved the plan to issue shares for 2021 dividend payment for existing shareholders with details as follows:

-          Stock name: Tien Len Steel Corporation Joint Stock Company

-          Stock type: common share

-          Par value: VND10,000/share

-          Number of shares expected to be issued: 10,211,062 shares

-          Total value of issuance (at par value): VND102,110,620,000

-          Exercise ratio: 100:10 (Those who own 100 shares will receive 10 new shares)

-          Expected issue time: in 2023, after being approved by the State Securities Commission of Vietnam (SSC)

-          Plan to deal with fractional shares: The distributed shares will be rounded down to units; the fractional shares will be cancelled.

For example: at the record date, shareholder A owns 116 shares. With 10% performing ratio, the shareholder A will receive: 116*10% = 11.6 shares. According to rounding policy, the shareholder A will receive 11 new shares and the fractional shares of 0.6 share will be cancelled.