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Issuance of shares as the dividends' Payment for the first Six-Months of 2007

ItaExpress - KB

11/28/2007 10:00 am

According to Tan Tao Investment-Industry Corp ‘General Shareholders' Resolution N0 03/07 on November 21st 2007, the dividends' Payment for the First six-Month of 2007 was undertaken as follows:

ISSUANCE OF SHARES AS THE DIVIDENDS' PAYMENT FOR THE FIRST SIX-MONTH OF 2007

SHARES: ITA - TAN TAO INVESTMENT - INDUSTRY CORPORATION

TO : THE VIETNAM STATE SECURITIES COMMISSION

According to Tan Tao Investment-Industry Corp ‘General Shareholders' Resolution N0 03/07 on November 21st 2007, the dividends for the First six-Month of 2007 were undertaken as follows:

1. Procedure

1. Stock type : Common stock

2. Par value : VND 10,000

3. Issuing volume : 15,000,000 (ten million) shares

4. Total issuing value with face value : VND 150,000,000,000.00 (one hundred fifty billion VND)

5. Expected issuing time : From December 30th 2007 to January of 2008

6. Issuing method: Issuing shares for the dividends for the first six-month of 2007 for the shareholders at a rate of 15% of the net profit of the first six-month of 2007. It means that each shareholder holding 100 previous shares will receive 15 new additional shares.

7. Legal capital for issuance : A part of the net profit of the first six-month of 2007.

8. Issuing purpose : Payment For the first six-month- dividends of 2007 for the exiting shareholders on which the registered book is closed.

II. Beneficiaries:

The Exiting shareholders who are on the registered book on Dec.30,2007.

III. Policies for the dividends of the first stage of year 2007.

The shareholders who hold 100 previous shares will receive 15 new additional shares (equal to the 2007 first dividend pay-out ratio 15 %)

TAN TAO INVESTMENT-INDUSTRY CORPORATIONON
THE BOARD OF DIRECTORS CHAIRWOMAN
DANG THI HOANG YEN
 

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