Atesco Industrial Cartering Joint Stock Company announced a private placement of 20,000,000 shares at a price of VND 10,000 per share for gross proceeds of VND 200,000,000,000 on January 28, 2022. The investors ha restriction from transfer for a year from the completion of the issuance, except for the case of transfer between professional securities investors or according to a legally effective court judgment or decision, arbitration decisions or inheritance according to the law. The board of directors approved the transaction in general meeting of shareholders, including but not limited to approving transactions and contracts, and disclosing information as prescribed.

The transaction is expected to be closed in first and second quarter of 2022, upon the approval of the State Securities Commission.