PPG: Board resolution on share repurchase for treasury stock

Phu Phong Corporation (HNX: PPG) announces the board resolution approved on 08/03/2011 as follows:

- Name of issuer: Phu Phong Corporation

- Stock code: PPG

- Securities type: Common stock

- Number of shares to be repurchased: 400,000 shares

- Purpose: Stabilizing the stock price:

- Tender price: Market price

- Expected date for repurchase: From 17/03/2011 to 17/06/2011

- Trading method: Acquisition through negotiation or continuous order matching

- Authorized securities company: ACB Securities Co., Ltd, Hochiminh.

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