TDH: Setting up a subsidiary

Thu Duc Housing Development Corporation established a subsidiary as follows:

* Company name: Tien Loc Duc Corporation

* Business License: 0310306238 granted by the Planning & Investment Department of Hochiminh City on September 11, 2010.

* Head office: 384 Vo Van Ngan, Binh Tho Ward, Thu Duc District, Hochiminh City.

* Charter capital: VND28,000,000,000; With contribution capital as follows:

* Thu Duc Housing Development Corporation: 99.93%

* Other shareholder: 0.07%

* Legal representative: Mr. Le Chi Si – Position: Director General.

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