NSC – resolution of BOD

NSC – resolution of BOD

National Seed Joint Stock Company (NSC) has informed of resolution of BOD as follows: Actual business results in 2007 exceeded 22% compared to 07 plan and increased 35% against 2006. Profit after tax rose by 35% compared to 07 plan and 71% against 2006. Dividend payment 2007: 19% (the first payment: 10%/ par value, the second payment: 9%/par value). Appoint Ms Nguyen Thi Binh – Chairman of BOD of Tropical Development Joint Stock Company (TDIC) which is a major shareholder of NSC, to be a member of BOD at NSC. Pass business plan 2008 Set business plan for development from 15% to 20% per year Set a project of building up the vegetable process plant. It is built at Ba Vi National Seed Plant in Q1/2008. 5. Personnel change in NSC Mr Pham Quang Thuong – accountant of Ba Vi National Seed Plant will be Vice Director of Ba Vi National Seed Plant Mr Do Van Thong – preservation engineer of Thuong Tin plant will be Vice Director of Dong Van process plant Mr Nguyen Duc Nam – economic engineer of Thuong Tin plant will be assistant manager of Sales of Thuong Tin plant. Mr Bui Minh Quyet – officer of Administration will be assistant manager of Administration. (VNAgency)

NSC received a license for the additional issuance of stock

NSC received a license for the additional issuance of stock source: vse.org.vn

On December 28th, 2007, the National Seed Joint Stock Company (NSC) was granted License No. 262/UBCK-GCN to offer its shares to the public as follows: Stock symbol: NSC Stock type: Common Stock Par value: VND10,000 Total offering volume: 2,280,000 shares. In which: Existing shareholders: 1,320,000 shares (Exercise ratio: 11:4) Strategic partners: 780,000 shares Employees: 180,000 shares Distribution time: within 90 days from the date of receipt of the license.