PPG: Explanation for reason of stock under supervision and solutions

On 08/4/2014, Phu Phong Corporation announced explanation for reason of stock under supervision and solutions as follows:

I. Reason for negative profit after tax in consolidated FS of 02 latest years

- The economy in general and real estate market in particular in recent years was frozen, which influenced on production-business operation of many enterprises, including Phu Phong Corporation.

- Competition between import glass and domestic glass was high. Import glass had cheap price with equivalent quality with domestic glass so demand for import glass was high.

- Skillful personnel of the Company tended to move to some developing industrial zone in hometowns.

- Competition of companies in the same field.

II. Solutions

- Expand markets in the western, eastern south.

- Exploit 3^rd-4^th grade customers (retail market)

- Exploit export market in Cambodia, Myanmar, Laos, etc.

- Enhance exploitation of civil construction market in South provinces.

- Reorganize business

- Control expenses

- Restructure management in accordance with current situation.

HNX

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