ASM: Board Resolution

Sao Mai Group Corporation (ASM) announced the Board Resolution dated September 30, 2015 as follows:

Resolved

1. To approve to invest in Phu Hung Phu Quoc Joint Stock Company with total amount of VND 60,390,000,000 to purchase 6,039,000 the individual shares of this company as follows:

Receive the transfer of the shares from Mr. Le Van Lam with 1,817,800 shares and the total value to be VND 18,178,000,000,

Receive the transfer of the shares from Mr. Le Van Thanh with 1,817,800 shares and the total value to be VND 18,178,000,000,

Receive the transfer of the shares from Mr. Tran Minh Tri with 1,817,800 shares and the total value to be VND 18,178,000,000,

Receive the transfer of the shares from Mr. Nguyen Van Son with 585,600 shares and the total value to be VND 5,856,000,000.

Timeline of investment: September 30, 2015.

2. The Board of Directors authorized to the Board of Directorate, Accounting and Finance Department to prepare the capital sources to purchase the shares of the Phu Hung Phu Quoc Joint Stock Company under the approved contents of this resolution.
3. The members of the Board of Directors, the Board of Directorate, Accounting and Finance Department are responsible for executing this resolution.

The resolution takes effect from the date of signing.

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