HAP - resolution of shareholders’ meeting

HAP - resolution of shareholders’ meeting

Hapaco Corporation (HAPACO) has informed of resolution of shareholders’ meeting under a ballot as follows: Issue 1: Dividend payment in advance in stock 2007: 12% The record date for receiving dividend is the same with the record date for receiving right of buying additionally issued shares which metioned in the issue 2 below Issue 2: Offering method Estimated offering volume: 9,219,934 shares In which: Volume for the second issuance: 8,800,000 shares The remaining shares after the first issuance : 419,934 shares Offering objects : Existing shareholders : 4,925,034 shares. Exercise ratio: 3:1 (shareholder who owns 3 shares on the record date can buy 1 new share) Employees: 419,934 shares Strategic partners : 3,874,966 shares Offering price: Existing shareholders : VND30,000/share Employees : at the price higher than the one to existing shareholders Strategic partners : equal to 80% of the market price on the ex-right date of the second issuance and not less than VND40,000/share. Issue 3: issuing purpose and method of using money from issuance Issuing purpose : sponsor the second stage of the project of petrochemical factory with capacity of 1,000,000 tons/year ; the second stage of building trading center – office ; the project of Tien Sa pharmaceutical plant ; supplement liquid capital (if any). Method of using money from issuance: Estimated amount from issuance : VND315,347,680,000 and invested to the following projects : S/N Project name Amount (VND) 1 Petrochemical factory – the second stage 135,534,011,702 2 Trading center – office building – the second stage 87,184,109,098 3 Tien Sa pharmaceutical plant 35,800,000,000 4 Supplement liquid capital 56,829,559,200 TOTAL 315,347,680,000 Issue 4: Authorize BOD to implement offering-related issues Prepare offering method Choose the appropriate issuing time Decide the offering price to employees and strategic partners. Solutions for the fractional parts after being rounded in unit and the shares which shareholders refuse to exercise their right. Choose underwriting organization (if any) Issue 5 :Pass listing additional shares which is mentioned in issue 1 and 2 above Issue 6: Transfer HAPACO financial investment center to HAPACO financial investment Co., Ltd. Issue 7: Contribute 30% to urban – housing service industrial zone at Hai Phong

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