Truong Thinh Energy Investment Joint Stock Company announced a private placement of 21,000,000 shares at an issue price of VND 10,000 per share for gross proceeds of VND 210,000,000,000 on December 22, 2021. The transaction has been approved by the board of directors. The shares issued to strategic investors will be subject to a hold period of 3 years from the ending date of the offering and professional investors will be subject to a hold period of 1 year from the ending date of the offering. The transaction is subject to approval from the State Securities Commission of Vietnam. As of now, the charter capital of the company is VND 284,904,000,000.