DIC GROUP SUCCESSFULLY HELD ITS 2024 ANNUAL GENERAL MEETING

On the afternoon of April 26^th, 2024, Construction Development Investment Corporation (DIC Group, HoSE: DIG) successfully held the 2024 Annual General Meeting of Shareholders (AGM). All important contents in business activities in 2023 and the business plan in 2024 were unanimously approved by the AGM.

Overview of the AGM 2024 of DIC Group

READY RESOURCES TO IMPLEMENT KEY PROJECTS IN 2024

Mr. Nguyen Thien Tuan - Chairman of DIC Group gave the opening speech

Opening speech at the AGM, Mr. Nguyen Thien Tuan – Chairman of DIC Group shared: "In the difficult context of the real estate market in the period of 2022 - 2023, thanks to the flexible strategy of the Board of Directors and the Board of Directors and the experience of responding through many crises, DIC Group has reached a balanced state and accumulated resources to accelerate in 2024".

Ms. Nguyen Thi Thanh Huyen - Vice Chairwoman of DIC Group presented the report of the Board of Directors in 2024

According to DIC Group's 2023 business results report, total consolidated revenue reached VND 1,337 billion; Consolidated pre-tax profit reached VND 166 billion; Total investment capital for the development of the parent company reached VND 1,124 billion.

Mr. Nguyen Quang Tin - General Director of DIC Group presented the report on production and business activities in 2023 and the production and business plan in 2024

Mr. Nguyen Quang Tin – General Director of DIC Group affirmed: "By the end of 2023, DIC Group has gradually overcome the bottom stage of the real estate market with a series of optimistic signals: trillion VND deposits, completed capital arrangements of over 4,000 billion VND, increased total assets from 14,747.8 billion VND to 16,827.6 billion VND, opening up opportunities to mobilize for large-scale projects proactively, creating a favorable premise for fiscal year 2024".

THE TARGET OF CONSOLIDATED PRE-TAX PROFIT IN 2024 REACHES VND 1,010 BILLION

On the basis of business results in 2023, the AGM approved the business plan for 2024 with total consolidated revenue: VND 2,300 billion (up 72% compared to 2023); Consolidated pre-tax profit: VND 1,010 billion (up 508.9% compared to 2023); The total development investment capital plan in 2024 of DIC Group is VND 7,211.8 billion (up 541% compared to the implementation in 2023), of which projects are VND 6,400.7 billion, financial investment: VND 811.08 billion. Enterprises will select priority investment project groups, diverge investment reasonably. "All investment projects must be implemented in accordance with current regulations, closely supervised by the organization to ensure investment efficiency", General Director Nguyen Quang Tin emphasized.

For site clearance compensation, enterprises aim to recover the largest clean land fund ever and have specific solutions for each project.

PLAN TO ISSUE 410.5 MILLION SHARES TO INCREASE CHARTER CAPITAL

The AGM agreed to increase charter capital through 4 share issuance plans, including: offering more shares to existing shareholders; issuing shares to pay 2023 dividends and issuing shares to raise share capital from equity sources; issuing shares under an employee option program (ESOP) and offering private placement of shares to professional securities investors. The total number of shares expected to be issued from the above 4 options is 410.5 million shares, raising the charter capital of the enterprise from VND 6,099 billion to VND 10,203 billion.

The purpose of the capital increase is to mobilize more resources for DIC Group to invest in the construction of large-scale key projects.

For stock dividends and share issuance to increase share capital from equity sources, DIC Group plans to issue a maximum of 30.49 million shares, including 15.24 million dividend-paying shares (2.5% rate) and 15.24 million additional shares issued to increase share capital (2.5% rate).

For the offering of additional shares to existing shareholders, DIC Group plans to offer up to 200 million shares at an offering price of VND 15,000/share, in order to raise a maximum of VND 3,000 billion. The amount mobilized under this plan will be used to pay principal and interest on bonds issued in 2021: VND 900 billion; additional investment capital of Cap Saint Jacques project - Director 2 & 3 (Vung Tau city): VND 1,135 billion and additional investment capital of Vi Thanh commercial residential project (Hau Giang province): VND 965 billion.

For the issuance of ESOP shares, DIC Group plans to issue up to 30 million shares, corresponding to 4.9% of the total outstanding shares in the market (as of December 31, 2023). The offering price of ESOP shares is 15,000 VND/share and the buyers are officers and employees of the Group. All these shares will be restricted to transfer within 01 year.

For the private placement of shares, DIC Group plans to offer up to 150 million shares to professional securities investors at an expected offering price of not lower than VND 20,000 per share. In particular, the number of investors expected to participate in buying will be below 100 investors. All shares issued under this option will be restricted to transfer within 1 year. The total amount raised from this offering is expected at VND 3,000 billion and will be used by DIC Group for investment in Lam Ha Center Point Residential Area project (Ha Nam province): VND 1,000 billion and Nam Vinh Yen New Urban Area project (Vinh Yen City): VND 2,000 billion.

All proposals have been approved by the AGM

The plans submitted by DIC Group to the AGM for approval are expected to create a basis for businesses to continue their efforts for sustainable growth, towards the goal of becoming the Top 5 leading real estate groups in Vietnam.

Media and Communication Department