Thuan Duc JSC announced a private placement of 20,000,000 shares at a price of VND 10,000 per share for gross proceeds of VND 200,000,000,000 and 200 convertible bonds with collaterals but without warranty at a price of VND 1,000,000,000 for gross proceeds of VND 200,000,000,000 on April 23, 2019. The transaction will include participation from Nguyen Duc Cuong for 15,360,000 shares, Ngo Kim Dung for 1,428,000 shares, Nguyen Duc Thinh for 595,000 shares, Vu Thi Dieu Linh for 595,000 shares, Nguyen Duc Long for 476,000 shares, Le Van Quang for 357,000 shares, Do Hai Dang for 535,000 shares, To Thai Ha for 535,000 shares, and Vu Tieu Ngoc for 119,000 shares. The bonds will be issued to not more than 100 investors from Vietnam. The bonds will mature in 4 years and bears expected interest of 10% to 13% per annum. The bonds are convertible into common shares at a price of VND 10,000 per share to VND 20,000 per share. The bonds will be issued in 2019 and 2020. Securities to be issued are subject to lock in period of 1 year from issue. The transaction has been approved by the shareholders of the company at its general meeting and board of directors of the company.