SVS: Business operational explanation

Currently, there has been some information that may cause misunderstandings relating to the business cooperation with SUDICO. Viet Star Securities Corporation (HNX: SVS) explains this matter as follows:

First, relating to the cooperation with SUDICO, the Company signed the cooperation contract of VND80 billion with SUDICO on 01/12/2009. The Company has paid all principals and interests for SUDICO in two stages:

- First stage: On 09/03/2010, Viet Star Securities Corporation paid a principal of VND50 billion and an interest of VND1,645,666,000 for SUDICO

- Second stage: On 19/03/201, Viet Star Securities Corporation paid a principal of VND30 billion and an interest of VND1,080,000,000 for SUDICO

These figures have been accounted by the AASC

Second, the financial situation of the Company is good, namely:

- Capital Adequacy Ratio as of 30/09/2011: 204.4%, as of 31/10/2011: 204.1%

- Some financial items as of 30/09/2011:

o Cash and cash equivalent: VND36.3 billion

o Liabilities/Total assets: 18%

o Liabilities/Owners’ equity: 22%.

HNX

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