Hai Phat General Meeting of Shareholders: Use of electronic voting, target to stabilize production and business activities with constituency profit from 370 billion dong

On June 25-26, 2021, Hai Phat Investment Joint Stock Company (Ticker Symbol: HPX) will hold the 2021 Annual General Meeting of Shareholders via electronic voting. By this method, HPX has approved the shareholders' plan for this year with consolidated revenue of VND 1,500 - 1,600 billion, of which the parent company’s target revenue was VND 1,000 - 1,500 billion. Consolidated profit after tax is from 370 to 390 billion VND, of which the parent company is from 370 billion VND. Pioneer in the application of electronic voting Pursuant the Government in the prevention and control of the Covid-19 epidemic, Hai Phat Investment Joint Stock Company has cooperated and coordinated with the Vietnam Securities Depository on the organization of the 2021 Annual General Meeting of Shareholders through the form of electronic voting to ensure the voting rights of shareholders on material issues of the enterprise without being geographical and time constraints. Thereby, HPX collected shareholders' written opinions on the organization of the 2021 Annual General Meeting of Shareholders in the form of electronic voting and received high consensus from shareholders. This is a new form applied by companies during the Covid-19 epidemic but was appreciated by shareholders to join hands to fight against the epidemic. The percentage of shareholders participating in electronic voting accounted for 99.06% of the total voting number. The electronic voting ensures the interests of shareholders and contributes to the approval of important issues of the Company such as production and business plans, strategies of the company. Shareholders can still send questions/opinions (if any) to the Board of Directors by email and the company responded promptly. Five days prior the Meeting, in order to ensure the interests of shareholders, the Company have sent a message to the registered phone number of shareholders to remind them to exercise their rights and obligations.  Promote the implementation of various projects.  Regarding the plans in 2021, Hai Phat will complete investment preparation and commencement of HP Galaxy Cao Bang (4.35 ha, the total investment of 880 billion VND), begin the construction of the project The Seahara Mui Ne - Binh Thuan (5ha, total investment of 656 billion VND). At the same time, the Company will complete investment preparation of the Southern urban area project of Bac Giang city (2.1 ha) and the construction of The Seahara Phu Yen project (1.4 ha). These projects will make a great contribution to the company in terms of sales, revenue and profit, creating a premise for the market to receive new projects opened for sale in the future.

For large-scale projects, Hai Phat will promote site clearance according to the investment phases of projects such as: Mai Pha New Urban Area project – Lang Son (91.73ha, total investment of 3,381 billion VND), An Binh 1 & 2 New Urban Area project in Can Tho (222.7 ha, total investment of 9,141 billion VND), Vinh My project in Hue (39, 58 ha, total investment of 656 billion VND).

In parallel, Hai Phat continues to search and participate in auctions for projects that can be deployed and bring in short-term revenue in 2021-2022 in localities such as Lao Cai, Hanoi, Quang Ninh, and Bac Giang… Regarding the 2020 dividend plan, the Board of Directors submitted to shareholders to approve the plan to pay a share dividend at the rate of 15%, equivalent to nearly VND 397 billion. The General Meeting also approved other important contents in the Proposals such as amendment and supplement business registration in 2021, amendment of the Company's charter in 2021, amendment and supplement of internal regulations in 2021, etc. The above contents were approved by 100% of the shareholders attending the electronic vote. With a positive prospect in 2021, Hai Phat's Board of Directors believes that the market in the second half of 2021 will soon stabilize especially when vaccination being implemented on a large scale. These conditions will help the Company to stabilize production and business activities, achieve the targets for 2021.