CMX: Board resolution on the adjustment to the plan for capital allocation

Camimex Group Joint Stock Company announces Board Resolution No.06/NQ.HDQT.CMX dated March 27, 2020 as follows:

1. Approving the change of plan for using the proceeds from the public offering under Certificate No.21/GCN-UBCK dated January 17, 2020 by the State Securities Commission.
2. The initial plan:

-       Total estimated proceeds from the offering: 132,212,340,000 dongs

-       Plan for using the proceeds:

 3. Reason for the change: Based on the initial plan, the Company expected to use VND48,176,070,120 to buy machines and equipment to upgrade Enterprise 2, Enterprise 4 and Workshop 1 of Enterprise 5. However, because the application for an issue license from the State Securities Commission took more time, in order to ensure the project progress, the Board of Directors decided to use another financial resources to upgrade the factory. The proceeds from the public offering will be added to the working capital of the Company.

4. The adjusted plan:

-       To add to the working capital: VND132,212,340,000.

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