TLC: Explanation for the change of over 10% in operating result in QIV.2011 compared to QIV.2010

According to the Financial Statement Quarter IV/2011, profit after tax of Quarter IV/2011 decrease over 10% year on year. Thang Long Telecommunications JSC explained the decrease in operating result in Quarter IV/2011 as follows:

- The company faced to many difficulties: price of materials increased, market of telecommunication narrower, difficult to raise capital.

-  Change in human resources: General Manager, many workers

-  Loss of the liquidation of unprofitable assets.

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