MST: BOD Resolution Sep 20, 2018

The company will contribute VND39.5 billion to invest into project of exploiting Khe Da Dan stone quarry at Ky Tan Commune, Ky Anh District, Ha Tinh Province.

MST’s contribution is equivalent to 22.9% of the project’s total investment.

The project’s annual profit payment rate is estimated at 14%.

MST requests the capital collector (the party who receives the capital contribution) to ensure the minimum annual interest rate as 12 deposit interest (interest is paid a the end of the term) as stated in the announcement of the bank where MST opens its account. This minimum interest rate does not belong into the project’s business results.

BOD assigns its CEO to negotiate and implement the contracts.

The resolution was effective from September 20, 2018.