SGH: Board Resolution

SAIGON HOTEL CORPORATION announces the Board Resolution approved on 26/08/2009 as follows:

1. Account for the remaining value of the elevator after minus recover value (VND 100 mil.) from Asian elevator company to the business cost 2009.

2. Assign Management Board to contact with Mr Le Thanh Chon to solve the laundry workshop

problem.

3. Assign the Management Board to control the installation of new elevator, requiring finalizing before the AGM time, maximum installation time of 30 days.

4. Construct waste water treatment system together with nevadite.

5. Assign the Management Board to take back surface to expand Reception area; stop parking in front of the hotel.

6. First dividend payment 2009 8% of the charter capital.

7. Appoint new chief accountant

8. Rearrange organization model of the company

9. Make a suitable salary system.

hnx

>   SJ1: Result of transactions of Directors, PDMR (Mr. Dung) (10/09/2009)

>   CAN: Notice of record date for Dividend payment (10/09/2009)

>   SSM: Result of transactions of Directors, PDMR (Mr. Hung) (10/09/2009)

>   TNG: Notice of transaction of Directors, PDMR (Mr. Hoang) (10/09/2009)

>   HUT: Notice of transaction of connected person (10/09/2009)

>   TNG: Result of transactions of Directors, PDMR (Mr. Hoang) (10/09/2009)

>   HUT: Notice of transaction of Directors, PDMR (10/09/2009)

>   EBS: Result of transaction of principal shareholder (10/09/2009)

>   VE1: Result of transactions of Directors, PDMR (Mr. Thanh) (10/09/2009)

>   HVT: Notice of transaction of connected person (10/09/2009)