Box1:

Six decisions that are expected to create an "enormous" capital source for Hoa Binh Group:

1. The Board of Directors approved the sale of all contributed capital cá cược bóng đá uy tín Hoa Binh Innovation Center Company (HBIC) of 167 billion. cá cược bóng đá uy tín which, the expenditure for the project is 125 billion, and the profit is 42 billion.

2. Approving the purchase of the remaining 75% stake cá cược bóng đá uy tín the project 127 An Duong Vuong, Ward 10, District 6, Ho Chi Minh City by Thanh Ngan Company to achieve 100% ownership of this project. The share price of HBC sold for this project is VND 12,000/share (1.5 times higher than the current price on the stock exchange).

3. Approving the application and credit transaction with Vietnam Maritime Commercial Joint Stock Bank:

Maximum short-term credit limit of VND 2,000 billion. cá cược bóng đá uy tín which, the maximum loan limit is 1,000 billion VND; maximum guarantee limit of VND 1,000 billion. Purposes: supplementing working capital, guarantee for business operations; maximum of 12 months from the date of signing the credit contract, 5 million shares to be issued to Sanei.

4. Approving the agreement to transfer the land use rights of Mr. Le Viet Hai and Ms. Bui Ngoc Mai for 3 land plots with a total area of 7,218.6 m2 at Phan Van Hon Street, Tan Thoi Nhat Ward, District 12, HCMC, for 120 billion VND.

5. Approving the acquisition of all shares of Mr. Le Viet Hai cá cược bóng đá uy tín Pax International Company according to the actual contributed capital. (138 billion VND).

Regarding all the abovementioned transactions, Hoa Binh will not use cash, but only issue shares and recover advances used for business purposes of the Group before. The recovery of these advances helps the Group to have more assets to improve its financial capacity.

cá cược bóng đá uy tín addition, according to Mr. Le Viet Hai, out of a total of 21 lawsuits related to late payments, there have been 10 cases with court rulings. Out of the cases that have been tried, Hoa Binh has won all of them. Considering the amount of principal debt recorded cá cược bóng đá uy tín the accounting books is VND 829 billion, the total amount according to the judgment of the defendant to be paid to Hoa Binh is up to VND 1223 billion, including interest on late payment and ensuing costs, that is 47.5% higher. Currently, the total amount of debt recovered is VND 593 billion, the remaining amount to be collected from these 10 successful lawsuits is VND 630 billion. Mr. Hai also added: “cá cược bóng đá uy tín the coming time, the real estate market will recover, so the debts will be gradually resolved and he is confident that the recovery rate will not be less than 100% and eventually the amount of money collected will be at least 15% higher than the overdue principal amount."

On the other hand, applying international accounting standards, soon Hoa Binh will reassess its assets because the data recorded cá cược bóng đá uy tín the accounting books is too outdated. For example, the house at 235 Vo Thi Sau, the former headquarters of Hoa Binh, is recorded cá cược bóng đá uy tín the books of only 5.6 billion VND cá cược bóng đá uy tín 2000, now it cannot be less than 100 billion VND. Similar are the house at 233 Vo Thi Sau, and the land at 1C Ton That Thuyet, District 4, HCMC. The residual value of machinery and equipment can be confirmed to be much higher than the value recorded cá cược bóng đá uy tín the accounting books. According to the financial statement on December 31, 2022, the total investment cá cược bóng đá uy tín machinery and equipment of Hoa Binh so far is 2,208 billion VND, depreciated 1,305 billion VND, the remaining value is only 903 billion VND. Thus, the remaining value is only equivalent to 40% of the original price. While cá cược bóng đá uy tín fact the scaffolding is entirely made of zinc coated iron, so it is not rusted and damaged much. Cranes, hoists, concrete pumps… are all cá cược bóng đá uy tín good working condition. Moreover, due to the price slippage, the new purchase price today is always higher than the purchase price of this asset at its original cost many years ago.

Thus, in the coming time, tỷ lệ cá cược bóng đá will adjust its equity after the issuance to increase capital and revalue assets. This adjustment to increase equity will help Hoa Binh secure its credit limit due to losses and will significantly improve its financial capacity to overcome immediate cash flow difficulties. Debt restructuring will be favorable and will help Hoa Binh pay off all debts to suppliers and subcontractors within 12 months after debt restructuring in accordance with Circular 02 of the State Bank.

Box 2:

cá cược bóng đá uy tín the meeting of the Board of Directors on May 18, 2023, the Board of Directors also issued a decision to appoint senior personnel positions starting from June 1, 2023, including:

1. Mr. Le Van Nam will assume the position of CEO of tỷ lệ cá cược bóng đá.

2. Mr. Nguyen Khanh Hoang will hold the position of Deputy CEO.

3. Ms. Le Thi Phuong Uyen holds the position of Chief Accountant of tỷ lệ cá cược bóng đá.