PHH: Board Resolution

Hong Ha Petroleum JSC (HOSE: PHH) announces the Board Resolution approved on 29/09/2011 as follows:

1. Closing branch of Hong Ha Petroleum JSC in Da Nang

Address: 35 Hoang Thuc Tram, Hoa Cuong Bac Ward, Hai Chau District, Da Nang City

2. Reason for closing the branch: Restructuring and reorganizing to enhance business efficiency of its subordinate units

3. This Resolution has come into effect since signature date.

HOSE

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