NBB: Resolution of the Board of Directors

NBB Investment Corporation announced the resolution of the Board of Directors as follows:

Article 1: Approving the result of business operations in 2008:

Article 2: Approving distribution to the company’s funds in Financial Statements 2008:

Financial reserve fund: 5% of Profit after tax;

Reward fund: down from 5% to 3% of Profit after tax;

Compensation of the Board of Directors and the Board of Supervisors: down from 1% to 0.6% of Profit after tax;

Business development fund: 50% of the remaining profit after distributing to above funds and paying dividend to shareholders.

Article 3: Approving the plan of listing stock on the Hochiminh Stock Exchange:

Listing date: February 18, 2009

Listing price: based on the book value at the time of December 31st, 2008 which was VND27,743 and rounded down to VND27,000. 

Article 4: Approving the plan of dividend payment 2008.

Time to pay dividend: before General Meeting 2009. 

Article 5: Approving the adjustment to increase the capacity from 8MW to 9MW in Project “Da Den Hydroelectric Plant”.

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