KDC: Board approves to sell stake at KDF

KIDO Group Corporation (“KDC”) announces the Board resolution dated April 07, 2017 as follows:

Article 1: The Board of Directors approved to transfer a part of stake at KIDO Frozen Foods Joint Stock Company (“KDF”):

1. Company name: KIDO Frozen Foods Joint Stock Company (“KDF”)
2. Number of common shares: 56,000,000 shares
3. Number of shares owned by KDC: 55,888,000 shares (99.8%)
4. Par value: VND10,000/share
5. Stock type: common stock
6. Expected ratio to be transferred: 20% charter capital (equivalent to 11,200,000 shares)
7. Transfer price: VND52,000/share
8. Time of transfer: in Quarter I and II.2017
9. Consulting firm: Viet Dragon Securities Corporation

Article 2: The Board of Directors approved to authorize KDC’s representative at KDF to vote the policy on registering to trade shares of KIDO Frozen Foods Joint Stock Company (“KDF”) on UPCoM:

1. Company name: KIDO Frozen Foods Joint Stock Company
2. Expected stock code: KDF
3. Exchange floor: UPCoM
4. Number of shares registered for trade: 56,000,000 shares
5. Official trading date: in Quarter II.2017
6. Consulting firm: Viet Dragon Securities Corporation

HOSE

>   ADS: Report on results of transaction of internal person (11/04/2017)

>   VNG: Board resolution on the investment in subsidiary (10/04/2017)

>   TNC: Record date for 2017AGM (11/04/2017)

>   GMD: Board resolution on loan guarantee (11/04/2017)

>   E1VFVN30: NAV 10 Apr 2017 (11/04/2017)

>   E1VFVN30: Announcement after exchange trading _ 10 Apr 2017 (11/04/2017)

>   PIT: PIT still in the supervision status (12/04/2017)

>   DRH: The trading date of shares in the private placement (12/04/2017)

>   CYC: CYC stock to be delisted (12/04/2017)

>   GAS: Notification Insider Transaction (12/04/2017)