DIC GROUP WILL BE HOLDING ITS AGM ON APRIL 26

On Friday, April 26^th, Development Investment Construction Corporation (DIC Group, HoSE: DIG) will hold the 2024 Annual General Meeting (AGM) at Aurora Convention Center (169 Thuy Van, Ward 8, Vung Tau City, Ba Ria – Vung Tau Province). This year's AGM of DIC Group will be holding with 2 forms of attendance: face-to-face and online.

ONLINE PARTICIPATION PORTAL WILL BE OPEN FROM APRIL 22, 2024

The 2024 Annual General Meeting is the first year DIC Group has added a digital meeting method, in addition to the traditional face-to-face meeting format. Mr. Nguyen Thien Tuan – Chairman of DIC Group shared: "The addition of online form aims to create maximum favorable conditions for participants, especially benefits for retail shareholders, remove obstacles in geographical location, save travel costs for shareholders".

Shareholders attending online can exercise their right to vote on issues of the general meeting starting from April 22^nd, 2024

From 0:00, April 22^nd, 2024, the online participation system has been opened here: http://dhcd.dic.vn/ . Shareholders attending online can exercise their right to vote on issues of the meeting starting from April 22^nd, 2024.

PLAN TO INCREASE CHARTER CAPITAL IN 2024 TO 10,203 BILLION VND

At the General Meeting of Shareholders on April 26^th, the Board of Directors of DIC Group will submit many important contents to the congress for approval. In particular, the plan to increase charter capital in 2024 is the highlight content at this event.

DIC Group will hold the 2024 Annual General Meeting of Shareholders on April 26^th at Aurora Convention Center (169 Thuy Van, Vung Tau City)

The increase in charter capital is implemented by DIC Group through 4 share issuance options, 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 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 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 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.
 

Vi Thanh commercial residential area (Hau Giang province) is a key project of DIC Group in 2024

Mr. Nguyen Quang Tin – General Director of DIC Group said: "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". On the basis of business results in 2023, DIC Group submits to the AGM for approval of the business plan in 2024 with total consolidated revenue: VND 2,300 billion (increased 72% compared to 2023); Consolidated pre-tax profit: VND 1,010 billion (increased 508.9% compared to 2023).

Media and Communication Department