Hoang Ha Joint Stock Company announced a private placement of 12,000,000 shares at a price of VND 10,000 per share for gross proceeds of VND 120,000,000,000 on February 16, 2022. The transaction will include participation from new investors PacificBridge Capital LLC and Lotus Capital Incorporation for 6,000,000 shares each and stake of 12.79%. Post the closing, the number of shares will increase to 46,896,354.

The transaction is expected to close in 2022. The securities will have a lock up period of one year. The transaction has been approved at the company's Resolution No.

50/2022/NQ-HDQT.