Indochine Import Export Investment Industrial Joint Stock Company announced private placement of 20,000,000 shares at a price of VND 10,000 for gross proceeds of VND 200,000,000,000 on June 28, 2023. The par value is VND 10,000 per share. Shares issued cannot be transferred for a period of 1 year from issue.

The company received board approval with respect to the transaction. The transaction will include participation from up to 100 investors.