Danang Book & Educational Equipment Joint Stock Company (HASTC:BED) announces a share repurchase program. Under the plan, the company will repurchase up to 300,000 shares, representing 10% of its share capital, at a price of up to VND 20,000 per share, for a total cost of up to VND 6,000 million. Repurchases will be made by put-through and order matching methods.

Repurchased shares will be held in treasury. The plan will be funded from the capital surplus and financial reserve fund according to Review Financial Statement of first 6 months of 2014. Such shares will be repurchased according to market price and the rules of HNX.

The plan is subject to approval by State Securities Commission of Vietnam. The repurchases will end in accordance with Clause 3, Article 7 of Circular No. 130/2012/TT - BTC dated 10/08/2012 by Ministry of Finance.