Development Investment Construction Number 2 Joint Stock Company announced a private placement of 3,000,000 shares at a price of VND 10,000 per share for gross proceeds of VND 30,000,000 on April 15, 2022. The transaction will include participation from professional securities investors. Pursuant to the transaction, the charter capital of the company will increase from VND 71,967,290,000 to VND 101,967,290,000.

The shares issued will be subject to restriction period of one year from issuance. The transaction is expected to close in between quarter 2 and quarter 3 of 2022. The transaction has been approved at the annual general meeting of shareholders and is subject to approval from board of directors of the company.