ST8: Resolution of the Board of Directors

The Board of Directors of Sieu Thanh Joint-Stock Corporation (SJC) unanimously approved the following contents:

1. Make the second dividend payment for 2009:

- Payment form: In stock

- Pay-out ratio: 15%/charter capital

- Source for payment: From undistributed profit.

- Exercise ratio: 15%/par value (or 20:3). A shareholder owning 20 shares on the record date will receive 03 new shares. The dividend volume will be rounded. The fractional parts will be canceled.

- Record date: After the State Securities Commission approves.

- Expected trading date: After the Company receives listing approval from the Hochiminh Stock Exchange.

2. List the new shares on the Hochiminh Stock Exchange.

3. Authorize Mr. Yung Cam Meng, Chairman of the Board of Directors, to sign necessary documents to implement the contents above. 

hose

>   KSB: The record date for the first dividend payment in 2009 and the 2010 annual shareholders’ meeting (11/03/2010)

>   ICF: The record date for the 2010 annual shareholders’ meeting (11/03/2010)

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>   SHS: Notice of transaction of share purchase rights of principal shareholder (11/03/2010)

>   SJ1: Notice of transaction of Directors, PDMR (Ms. Thuy) (11/03/2010)

>   SPP: Results of General Meeting of Shareholders on ballot (11/03/2010)

>   SSM: Result of transaction of principal shareholder (VNECO) (11/03/2010)

>   SSM: Result of transactions of Directors, PDMR (Mr. Hieu) (11/03/2010)