CII: Resolution of the extraordinary shareholders’ meeting

Ho Chi Minh City Infrastructure Investment Joint Stock Company announced the resolution of the Extraordinary Shareholders’ Meeting:

* Article 1: The Meeting approved to cancel a share issuance to increase charter capital to VND1,003 billion. The Meeting also unanimously agreed to increase CII’s charter capital from VND753 billion to VND900 billion, instead of VND1,003 billion.

* Article 2: CII will privately issue convertible bonds (Or convertible loan) to Ho Chi Minh City Finance and Investment State-owned Company (HFIC) with a term of 5 years. Total issue value will be VND71,079,000,000. Bond interest is not more than 13%/year (In VND).

Authorizing the Board of Directors to implement legal procedures, negotiate and sign an investment contract with HFIC, in which: There are unchanged basic contents: (1) Price of converted stock is not lower than VND43,500/share; (2) Interest of convert bonds is not more than VND13%/year (In VND).

* Article 3: CII will privately issue convertible bonds (Or convertible loans) to foreign partner(S) with a term of 5 years. Total issue value is from US$20 million to US$25 million. Bond interest is not more than 4%/year (In US$ exchange rate).

Authorizing the Board of Directors to implement legal procedures, negotiate and sign investment contracts with foreign partner(S), in which: There are unchanged basic contents: (1) Price of converted stock is not lower than VND43,500/share; (2) Interest of convert bonds is not more than VND4%/year (In US$ exchange rate).

* Article 4: This resolution takes effect from August 18, 2010.