HLG: Resolution of Extraordinary Shareholders’ Meeting

Hoang Long Group announced the resolution of the extraordinary shareholders’ meeting held under the method of balloting shareholders in writing:

Article 1: Approving a change of purpose of using the proceeds from a private placement to the Group’s strategic partner in 2007:

* Total proceeds: VND123,910,580,000.

(In which: Capital surplus: VND102,592,150,000)

* Old purpose: Invest in Hoang Long 1 and Hoang Long 2 Industrial Zones.

* New purpose: Increase the Group’s working capital and subsidiaries’ capital.

Article 2: Approving the privatization of subsidiaries.

Hoang Long Group expects to change the following subsidiaries from limited companies to joint stock companies:

* Hoang Long Seafood Processing Co., Ltd.;

* Hoang Long Taxi Co., Ltd.;

* Hoang Long Infrastructure Investment & Development Co., Ltd.

Article 3: Authorizing the Board of Directors to execute the changes, choose a consulting company, seek partners and choose appropriate time to transfer capital.

Article 4: This resolution takes effect from August 23, 2010.

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