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September 12, 2022,Tan Tao Investment and Industry Joint Stock Company (ITACO) sent a Calling For Urgent Help to the Key Leaders of the Party and State,

Political Ministry Members, Committee Members of the Central Party, Delegates of the National Assembly, National Assembly Delegations of Provinces and cities.

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No: 312/CV-ITACO-22

Independence – Freedom - Happiness

Ho Chi Minh City, September 12th, 2022


- General Secretary Nguyen Phu Trong

- Vietnam’s President Nguyen Xuan Phuc

- Chairman of Vietnam National Assembly Vuong Dinh Hue

- Prime Minister Pham Minh Chinh

- Political Ministry Members

- Committee Members of the Central Party

- Delegates of the National Assembly

- National Assembly Delegations of the Provinces and Cities

On behalf of shareholders of Tan Tao Investment and Industry Joint Stock Company.
Business code: 0302670307
Address: Lot 16, Street 2, Tan Tao Industrial Park, Tan Tao A Ward, Binh Tan District, Ho Chi Minh City (hereinafter referred to as Tan Tao Company, stock code: ITA)
Dear General Secretary Nguyen Phu Trong, President Nguyen Xuan Phuc, National Assembly Chairman Vuong Dinh Hue, Prime Minister Pham Minh Chinh, Politburo members, members of the Party Central Committee and delegates of the National Assembly, we would like to express to you best wishes for health in order to lead Vietnam, a rich, beautiful, fair, and civilized country successfully as Uncle Ho always wants it is and as the Resolution of the 13th Central Party Congress recently!
Dear comrades, we received a lot of requests from ITA shareholders (ITA is a large listed public joint stock company, with the number of shares being circulated in the public, the average daily trading volume is always leading the market with several tens of thousands of foreign and domestic shareholders, of which tens of thousands of workers' small shareholders having accounts worth only a few million); Domestic and foreign shareholders requested the Board of Management of Tan Tao Company to urgently send a petition to the comrades about the conspiracy and actions to sabotage, kill, and acquire Tan Tao Company, causing damage to the business. the interests of investors, shareholders and especially affecting the stock market and investment environment of Vietnam. On behalf of tens of thousands of ITA shareholders, we present the letter for urgent help as follows:
On September 6, 2022, the Ho Chi Minh City Tuoi Tre newspaper published an article "Request an unexpected tax inspection at Tan Tao Company, transfer it to the police department if sign of crime is detected", according to the article, the General Department of Taxation requires the Tax Department of Ho Chi Minh City to focus on reviewing the tax declaration data of Tan Tao company, coordinate with the bank to verify the amount that Tan Tao has advanced to Mrs. Dang Thi Hoang Yen, and transfer the file to police department if sign of crime is detected. After Tuoi Tre newspaper, other newspapers such as Nguoi Lao Dong, Doi song và Phap luat, Nhip song Doanh nghiep, Nguoi Quan sat, and StockBiz... have re-published the tax inspection information. Through the press reporting the unexpected tax inspection of Tan Tao Company, tens of thousands of ITA shareholders noticed that:
Until now, Tan Tao Company has not received any official document from the tax authority (General Department of Taxation or Ho Chi Minh City Tax Department), however, the tax authority has provided information to the press in advance about the tax inspection of Tan Tao Company for them to report and accompanied by comments, citing the law to handle if there is a violation. this makes the shareholders and investors
very confused, right after the newspaper reported that ITA stock falling to the floor, and only 2 days after Tuoi Tre newspaper published the tax inspection of Tan Tao Company, ITA's stock lost 15% of its value, now it is only 5,580 VND/share.
It is normal for the tax agency to make an unexpected inspection of an enterprise, and how it handles the results after the inspection depending on the inspection results and the law. However, from the beginning, the General Department of Taxation instructed to transfer it to the Police Department if sign of crime is detected. This way is not objectively displayed when orienting the inspection. It does not make sense if the Ho Chi Minh City Tax Department (the budget collection agency accounting for 30% of the country) does not know how to handle the tax violations, why does the General Department of Taxation have to instruct it? Corporate stocks are very sensitive to sensational and provocative information, for example, last month, just because of rumors on the Internet that the Chairman of the Board of Directors of V. Group is banned of exiting Vietnam making the shares of this Group falling down (but then there was an immediate notice from the Ministry of Public Security that the rumor was false). Therefore, the General Department of Taxation must be responsible when providing sensitive information that affects corporate stocks, affecting the legitimate interests of tens of thousands of ITA shareholders.
With the loud announcement of the General Department of Taxation on the sudden tax inspection of Tan Tao Company, ITA shareholders also suggest the comrades to consider the fairness and equality because currently the inspection decisions from the Government inspectors, inspectors of ministries, branches, provinces, to inspectors of General Departments, General Departments of Taxation, and Local Tax Departments, at least hundreds of inspection decisions are made every day, but we do not see the press publish them as loudly as Tan Tao Company’s, and another very interesting thing is that Tan Tao Company has not received this decision (normally the inspection agency will come and read the inspection decision at the headquarter of the enterprise). Is this matter unusual? ITA shareholders said that because of rumors that ITA being attached, they sold off their shares, leading it falling to the floor!
Currently, the Party and State have instructed to ensure the healthy operation of the stock market, but with the loud announcement of the tax inspection and the General Department of Taxation gave additional guide if there is any violations the case will be transferred to the Police Department (according to the law, all violations of the law have specific instructions depending on the level of handling, they will be sent to the police for criminalization or will be administratively fined etc., but the instruction of the General Department of Taxation leads to a rumor that ITA being attached, and hence, help some powers to take advantage to buy ITA stock at cheap price while its real value is much higher.
Shareholders also suggest: Looking back at the matters from May 2022 until now, it is found that there are many actions that seriously affect the price of ITA shares, the interests of ITA shareholders, and the action to acquire Tan Tao Company in particular and Tan Tao Group in general, typically the matters that seriously affect ITA shareholders as follows:
Regarding the People's Court of Ho Chi Minh City opened bankruptcy proceedings of Tan Tao Company: The People's Court of Ho Chi Minh City issued a decision to open bankruptcy proceedings against Tan Tao Corporation from the payment according to the judgment of the commercial case in dispute between Quoc Linh Trading Service Construction Company Limited (Quoc Linh Company) and Vietnam Urban Development Joint Stock Company (VietNam Land Company), in which Tan Tao Corporation is the entity with related interests and obligations, and jointly executed the judgment, together with VietNam Land Company, to pay the amount of VND 21 billion. The execution of the above case, instead of being resolved by civil judgment enforcement procedures, the People's Court of Ho Chi Minh City issued a decision to open bankruptcy proceedings against Tan Tao Corporation. What do foreign investors think when looking at the opening of bankruptcy proceedings against Tan Tao Corporation? Is that because of a joint debt of VND 21 billion (a debt that Tan Tao Corporation is still appealing) forcing to open bankruptcy proceedings against a corporation with an asset value of VND 13,273 billion (while the amount of debt is equivalent to only 0.02% of the asset value of the Corporation). Tan Tao Corporation has domestic, foreign, institutional, and individual shareholders, but the largest number is individual shareholders who are working people and employees, and now they have lost everything in an instant. Therefore, Tan Tao Corporation urgently requests the Party and State's senior leaders to direct the investigation, for fairness and equality before the law, into the conspiracy, acts of sabotage, and acquisition of Tan Tao Corporation. The price of ITA shares of the Corporation was nearly 20,000 VND/share, but after the court news and the press, ITA shares at the end of June 2022 dropped to about 8,000 VND/share, causing serious damage to innocent shareholders. This new type of crime is extremely dangerous for the country that the Party and State have recently directed drastically to make the stock market healthy.
In addition, from May 2022 until now, Tan Tao Corporation and its member companies have all been refused credit loans by banks despite having enough loan options and collateral. Isn’t it a scheme to blockade and suffocate the production and business activities of Tan Tao Corporation in order to acquire the Corporation?
Dear Leaders of the Party and State, ITA shareholders (most of whom are innocent poor working people) respectfully request to have your mercy: For people with billions of VND, if they lose several billion VND, it will not affect anything. However, for thousands of workers' shareholders who have saved only tens of millions of VND to buy ITA shares, and now have lost two-thirds of the stock value, then how can they live by? Is that just because of the information from the court, the tax, and the tax inspection for Tan Tao Corporation by the tax authority.
In addition, the shareholders of Tan Tao Corporation request the Politburo for the inspection committee, the Central committee to inspect, the Government to set up an interdisciplinary inspection team to inspect, and the National Assembly to set up a supervisory team to monitor whether the unnecessary adjustment in Power Planning 7 by the Ministry of Industry and Trade had removed Kien Luong Thermal Power Project (Kien Giang Province) from the national power development planning. The adjustment of Power Planning 7 of the Ministry of Industry and Trade has caused serious damage to Tan Tao Company – the investor of Kien Luong Thermal Power Project, leading to the Company having to initiate a lawsuit in the Court of Paris - France. The Paris court ordered the Vietnamese Government to compensate for it. Shareholders believe that if it is not wrong, there will be no such trial, ITA shareholders also propose to publish the judgment so that the public can clearly see the right and wrong and ITA shareholders also expect the Party and State to consider these violations. to deal with individuals whose mistakes cause damage to the People and Country of Vietnam in order to create social justice as Uncle Ho always teaches throughout the Party's documents and the provisions of the law!
ITA Shareholders proposed that for the legitimate interests of enterprises, investors and shareholders, for the healthy investment environment of the Vietnamese economy, shareholders of Tan Tao Company urgently call for help from the General Secretary, President, Prime Minister, Chairman of the National Assembly, Politburo please save Tan Tao Company. It is a company with very high liquidity, the price of ITA stock before May 2022 (before the announcement on opening bankruptcy proceedings) was about 20,000 VND/share, but after 4 months of plunging, it is now only a quarter of it, our company is being forced to death, it is being acquired so "PLEASE SAVE US"
Tens of thousands of ITA shareholders who are also voters from all over the country also petitioned our National Assembly deputies to perform the role of specific monitoring of our shareholders' recommendations to ensure the above matter is settled in a fair and correct way!
Shareholders of Tan Tao Company strongly believe in the wisdom of General Secretary Nguyen Phu Trong, President Nguyen Xuan Phuc, Chairman of National Assembly Vuong Dinh Hue, Prime Minister Pham Minh Chinh, Politburo of the Communist Party of Vietnam, members of the Party Central Committee, National Assembly deputies and law enforcement agencies.
Shareholders of ITA would like to sincerely thank comrades with appreciation.




Signed and stamped

Dang Quang Hanh



Phan Thi Hiep



Nguyen Thanh Phong



Signed and stamped

Nguyen Trong Dung