BLF: Reply to the reflections of shareholders on dividend payment

On 29/11/2013, Bac Lieu Fisheries JSC replied reflections of shareholders on dividend payment as follows:
1. Currently, the financial pressure is still too high; banks are cutting the limit level. So it is very difficult for the working capital source. Because of that, the dividend payment is temporary delayed
2. Investment plan for shrimp factory at Suoi Dau Industry Park, Nha Trang as follows:
    2.1. 03 IQF conveyors worth VND 20 billion
    2.2. Ice block factory 2,000blocks/24h, worth VND 3.5 billion
2.3. Establish new mechanical workshop to serve the factory that produces frozen shrimp exported to USA market and Korea market
After finishing, the capacity of the exported frozen shrimp factory is 35MT/24h. Currently, customers are ordering full capacity of the factory and requiring building one more factory to meet the demand of the customer
Additionally, the Company is researching the mass production of high protein sauce made from trash fishes and condensed juice for USA market, expected consumption volume is 2 million liters/year
Currently, the Company is considering the issuance of convertible bonds worth VND 30 million for investments mentioned above

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