Annual meeting 2022 update

• Shareholders decided dividend for 2021: cash dividend 1.000đ/share; stock dividend 40%. In 2022, BOD set the revenue plan at 2,387 billion VND, NPAT’s plan 550 billion VND. In Q1/2022, NPAT is estimated about 150 billion VND (+125% YoY). 50 billion lower compared to Q4/2021.

• Cash dividend 1.000đ/share; stock dividend 20%.

• ESOP for 2021: 3% of total shares outstanding, issuing price at 10.000 đ/share, limit transfer after 1 year. At this issuing price, cost of ESOP is estimated about 80,000 VND – 90,000 VND/share, equivalent to 115 billion VND -130 billion VND, approximate 30% 2021 NPAT.

• Vessel investment plan in 2022 – 2024:

– Purchase 2 more previously owned vessels in 2022: An Bien Bay (1,708 Teus, deliver in Feb 2022, go for 3 years charter contract at $40,000/day), Haian City (1,577 Teus, April 2022), total investment of $53 million.

– Book building order for 3 new vessels, 1,800 teus, deliver in 2023-2024, total investment of $81 million.

– Purchase 2 more previously owned vessel from 1,800-4,500 teus.

• Establish joint venture with ZIM lines, ZIM-Haian, total charter capital of $2 million, operate in intra-Asia route:

– 2H 2022: Vietnam – Malaysia (Port Klang), 2 vessels operating, size of 1.100 TEU each vessel (1rent from HAH, 1 rent from ZIM), NPAT is estimated at 50 billion VND/year

– 1H 2023: Vietnam – China, 3 vessels operating, size of 1.700 TEU each (1 rent from HAH, 1 rent from ZIM, 1 borrow money from ZIM to invest), NPAT is estimated at 70 billion VND/year

• Capital raising: BOD is considering 3 options: convertible bond, private offering or, new issuing to current shareholders. The size is estimated about 1,000 billion VND and will be decided by shareholder meeting 2023.