National Citizen Commercial Joint Stock Bank announces private placement to issue620,000,000 shares at an issue price of VND 10,000 per share for gross proceeds of VND 6,200,000,000,000 on December 13, 2023. The transaction has been approved by the board of the company. The transaction will be offered to under 100 investors and ensure compliance with the maximum ownership rate of foreign investors at NCB at the time of issuance according to the provisions in the Charter.

The transaction is expected to complete the issuance in Q4 of 2024. The transfer of shares offered for private placement is restricted for one year for professional securities investors from the date of completion of each offering, except for the case of transfer between professional securities investors or implementation according to the judgment/decision of the Court that has legal effect, the decision of the Arbitrator or inheritance according to the provisions of law.