VHC: Report on a share offering

VinhHoan Corporation (HoSE: VHC) announced the result of share issuance and situation of using the proceeds:

1. Result of the issuance:

- Stock name: Stock of VinhHoan Corporation

- Stock code: VHC

- Stock type: Common stock

- Par value: VND10,000

- Total issue volume: 5,328,000 shares

- Total proceeds after the issuance: VND245,088,000,000.

2. Report on using the proceeds of the issuance:

- Purpose of using the proceeds of the issuance: All proceeds is used in restructuring the owner’s capital (Decrease in debts, increase in the owner’s capital), and increasing the VinhHoan Corporation’s working capital.

- Report on using the proceeds:

- All proceeds were used in restructuring the owner’s capital (Paying debts):

+ Total bank debts at September 30, 2009: VND817,285,075,338.

+ Total bank debts at September 30, 2009: VND428,550,525,216.

+ Total money for paying bank debts: VND388,734,550,122.

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