DPR: Approved the merger plan between DPR and DPD

The Board resolution dated December 21, 2021, the BOD of Dong Phu Rubber Joint Stock Company approved the following contents:

1)      Approving the plan to ensure the foreign ownership ratio upon the issuance to implement the swap as follows:

-          The maximum foreign ownership ratio at Dong Phu Rubber Joint Stock Company (DPR) is 0% according to Document No.7768/UBCK-PTTT dated November 24, 2021 by the State Securities Commission of Vietnam (SSC).

-          The maximum foreign ownership ratio at Dong Phu – Dak Nong Rubber Joint Stock Company (DPD) is 50% according to Document No.8099/UBCK-PTTT dated December 03, 2021 by the State Securities Commission of Vietnam (SSC).

2)      Approving the merger contract between Dong Phu Rubber Joint Stock Company (DPR) and Dong Phu – Dak Nong Rubber Joint Stock Company (DPD).

3)      Approving the dossier of registration for stock issuance to swap under the merger contract.

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