SED: Board Resolution

Phuong Nam Education Investment and Development JSC (HNX: SED) announced the 4th Board Resolution as follows:

Completed:

- Operating result of 2011: Revenue: VND billion 258/ 255; Profit: VND billion 31/ 25; Income average: VND million 10/ person/ month;

- Supplied books for projects of school libraries;

- Completed giving 02 donated housed in Phu Yen an Dak Lak province;

- Established materials and capital for plan of 2012;

- Organized inventory of 2011;

Continuing:

- Finishing liquidations of 2011 contracts;

- Plan of 2012;

- Organizing Result report meeting of 2011 and Labor meeting of 2012;

- Plan of tour for partners in December 2011;

- Organizing healthy check for staff in 2011;

- Preparing for Books festival on street in Spring 2012;

- Dividend payment of 2011: 16%/year in 01/2012;

Rate of profit growing in 2011 is 30% (VND billion 31/25) of 2010. Therefore, General mandate of 2011 has decided increase the salary by 10% of 2010

Suggest reducing the Company’s shares in No. 2 School equipment JSC in order to get the fund for upgrade, investment and operation.

HNX

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>   SIC: Results of Extraordinary General Meeting of Shareholders (13/12/2011)

>   TAS closes a trading office (09/12/2011)

>   HMH: Business operational explanation (09/12/2011)

>   MSN: Resolution of the Shareholders’ Meeting (08/12/2011)

>   DIG: BOD resolutions (08/12/2011)

>   AGR: Report on using the proceeds from the 2010 stock issuance (08/12/2011)

>   AGR: Report on using the proceeds from the 2010 stock issuance (08/12/2011)

>   HTI: Setting up Branch (08/12/2011)