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ITA GROUP - Annual General Shareholders Meeting 2017

In 2016, the Company has been actively deploying solutions to support customers for investment attraction by assisting companies to complete legal procedures of the factory, solving difficulties in investment licensing as well as strengthening security, order and fire safety to help create favorable conditions for investors to establish and expand business operations. Nevertheless, due to the difficulties of mechanisms and policies relating to the calculation of rent for industrial park infrastructure developers under the 2014 Land Law as well as the regulations on rental income recognition under Circular 200 of the Ministry of Finance, the business results of the Company has been severely affected. Under the direction of the Board of Management, the Board of Directors and all employees of the Group have made efforts to implement the assigned business plans, but the business results have been much lower than planned. The Company’s business operation results are as follows: