SARA Vietnam Joint Stock Company announced a private placement to issue 30,000,000 common shares at an issue price of VND 10,000 per share for the gross proceeds of VND 300,000,000,000 on June 17, 2024. The transaction will include participation from Individuals and/or organizations that are professional securities investors. The transaction has been approved by shareholders, restricted to a hold period and is expected to close in Q3/Q4 of 2024.

The transaction is also subject to Board of Directors after approval by the General Meeting of Shareholders and the State Securities Commission, tentatively scheduled for Q3, Q4/2024 and Approve the contents of the Proposal on the dismissal and election of additional members of the Supervisory Board.