PXS: Resolution of the Board of Directors

Petroleum Equipment Assembly and Metal Structure Joint Stock Company (PVC-MS) (HOSE: PXS) announced the resolution of the Board of Directors:

Article 1: Approving the assignment to CEO for the annual general meeting:

• Approving of dividend payment in advance for 2010 (Dividend payment in cash with ratio of 20 %).

• The remaining profit after tax to excerpt for the above funds

Article 2: Approving issue shares to increase charter capital from VND200 billion to VND500 billion, including:

Issuing shares to existing shareholders:

• Volume: 20,000,000 shares

• Exercise ratio: 1:1 (A shareholder owning 01share will receive 01 right, 01 right will be entitled to buy 01  new share)

• Rights to buy shares are transferred only once

• Ex-right date: February 21, 2011

• Record date: February 23, 2011

• Time to transfer rights: From March 08, 2011 to April 04, 2011

• Time to register to buy shares: From March 08, 2011 to April 11, 2011

• Issuing shares to strategic shareholders:

• Volume: 1,000,000 shares

• Offer price: the Board of Directors negotiate and decide the offer price to strategic partners at a price not less than the price offered to existing shareholders

Article 3: This resolution takes effect from January 26, 2011.

hose

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>   OCH: Board resolution (29/01/2011)

>   HAG: Old Square Capital Master Fund, L.P registered to sell 86,000 shares (10/02/2011)

>   THB: Notice of record date for annual general meeting of shareholders (29/01/2011)

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>   CTS: Notice of record date for annual general meeting of shareholders (29/01/2011)

>   B82: Chief Accountant registered to buy 10,000 shares (30/01/2011)

>   CSC: Thang Long Securities JSC registered to sell 330,040 shares (30/01/2011)

>   CVT: Result of transactions of Directors, PDMR (Mr. Vien) (30/01/2011)