DIC ANNOUNCES VND 300 BILLION INVESTMENT PLAN FOR MAJOR PROJECTS IN 2018

On February 23^rd, 2018, DIC Corp's Investment Council held its first 3^rd term meeting (2018-2022), to approve the investment plan for 2018. Mr. Nguyen Thien Tuan, Chairman of the Board of Directors (BODs), Chairman of the DIC Corp’s Investment Committee, stressed that the total investment capital of DIC Corp's projects in 2018 would be about VND 3,000 trillion while the estimated revenue would be about VND 4,000 billion.

For the purpose of effective project investment in 2018 as well as create sustainable stability and prepare the resources for the following years, the Chairman of DIC Corp has divided projects investment into 03 groups.

Specifically, Group No.1 includes major projects that need to focus on capital investment and human resources which are profitable in the period 2018 - 2020. Group No.2 includes projects that need to speed up the legal procedure implementation to be well-prepared for the next 3-5 years. Group No.3 includes projects that only carry out investment preparation procedures as prescribed and will invest when there are good opportunities and high liquidity status.

Based on the legal basis of each project, its implementation status and business ability to recover capital for reinvestment, the Investment Council agreed to prioritize the project as follows:

GROUP NO. 1: PROJECTS NEED TO FOCUS ON CAPITAL INVESTMENT AND HUMAN RESOURCES

1. Nam Vinh Yen New Urban – 1^st Phase, Vinh Phuc Province.

Scale: 194 ha

2. Nam Vinh Yen DIC Star Hotel- Vinh Phuc Province.

Scale: Include 250 apartments with 5-star standard.

3. Lam Ha Centrel Point Residential Area – Phu Ly city, Ha Nam Province.

Scale: 20ha

4. Long Tan Tourism Urban Area, Dong Nai Province.

Scale: 320ha

5. Hiep Phuoc Residential Area, Dong Nai Provicne.

Scale: 50ha

6. Chi Linh Centre Area, Vung Tau City

Scale: the rest 20ha.

7. DIC Phoenix Condominium Complex, Vung Tau city.

Scale: 1,350 apartments.

8. DIC The Landmark Residence project, Vung Tau City

Scale: 170 apartments with 5-star standard.

9. Vung Tau Gateway Condominium Complex, Vung Tau City

Scale: 1,750 apartments

10. CSJ complex – 1^st Phase – Vung Tau City.

Scale: 400 Apartments

11. Ho Tram DIC Goft Course and Resort, Ba Ria Vung Tau Province

Investment capital: VND 1,000 Billion

12. DIC Start Complex at Nghinh Phong area, Vung Tau City

Investment capital: more than VND 10,000 Billion

13. An Hai Tourism Resort, Con Dao District, Ba Ria Vung Tau

Investment capital:  more than VND 600 billion

14. Vi Thanh Commercial Residence, Hau Giang province

Scale: 78ha

15. Phu My – Tan Thanh New Urban Area, Ba Ria Vung Tau

Scale: 35 ha.

GROUP NO. 2: PROJECTS NEED TO FOCUS ON CAPITAL INVESTMENT AND HUMAN RESOURCES

1. Ba Hang Lake entertainment & ecotourism spot, Ha Nam province

Scale: 300 ha

2. Dai Phuoc ecotourism Urban Area, Dong Nai Province

Scale: 465 ha

3. Extended Hiep Phuoc Urban Area, Dong Nai Province

Scale: 24 ha

4. Nhon Trach New City Center, Dong Nai Province

Scale: 600 ha

5. Northern Vung Tau, Tp. Vung Tau

Scale: 92 ha

6. Minh Dam Theme Park, Dat Do district, Ba Ria Vung Tau Province

Scale: 150 ha

Total investment: more than VND 1,000 billion

GROUP NO. 3: PROJECTS NEED TO FOCUS ON CAPITAL INVESTMENT AND HUMAN RESOURCES

1. DIC Star Golf Course & Resort, Long Dien district, Ba Ria Vung Tau Province

Scale: 150 ha

2. Vung Tau New Urban- Culture Park, Ba Ria Vung Tau Province (Bau Trung project)

Scale: 30 ha

3. Tourist are at Cua Can & Dat Do Beach, Vung Tau city

Scale: 30 ha

4. CSJ Complex – 2^nd Phase, Vung Tau Province

Scale: 350 rooms 5-star standard

5. Detailed research and effectively evaluate new projects to decide on investment when qualified

"In 2018, the total investment value of DIC Corp's projects is expected to be VND 3,000 billion and DIC Group is more than VND 3,500 billion," confirmed Mr. Nguyen Thien Tuan.

At the first meeting, the members of the Investment Council discussed and agreed to approve the revenue plan in 2018. It is expected that the revenue plan from DIC Corp's own projects this year will be approximately over VND 4,000 billion. DIC Group's expected business results is estimated at over VND 10 trillion in 2018.

To create investment capital for projects in 2018 - 2019, Mr. Nguyen Thien Tuan, Chairman of DIC Corp, said: "To accelerate the recovery of debts of customers who bought DIC's products in 2016, 2017; At the same time, increase sales of new products, set targets for DIC Corp's revenue of VND 4 trillion to meet the investment demand in 2018 and 2019."

Previously, on January 25^th 2018, the DIC’s BODs decided to set up an Investment Council consisting of 05 members. In particular, Mr. Nguyen Thien Tuan - Chairman of DIC Corp holds the position of Chairman of Investment Council with the following members: Mr. Nguyen Hung Cuong - Vice Chairman of BODs; Mr. Hoang Van Tang - Member of BODs; Mr. Dinh Quang Hoan - Member of BODs and Mr. Vu Huu Dien - Representative of DC Fund.

In order to create investment capital for projects in 2018 - 2019, Mr. Nguyen Thien Tuan, Chairman of DIC Corp, said: "Speed up the recovery of debts of customers who bought DIC's products in 2016, 2017; At the same time, we must increase sales of new products, set targets for DIC Corp's revenue of VND 4 trillion to meet the investment demand in 2018 and 2019."

Previously, on Jan 25^th 2018, the BODs of DIC decided to set up an investment committee consisting of 05 members. In which, Mr. Nguyen Thien Tuan - Chairman of DIC Corp holds the position of Chairman of the Investment Council along with following members: Mr. Nguyen Hung Cuong - Vice Chairman of DODs; Mr. Hoang Van Tang - Member of the Board; Mr. Dinh Quang Hoan - Member of the Board and Mr. Vu Huu Dien - Representative of the DC Fund.