CONFERENCE SUMMARY OF 2019 WORK AND IMPLEMENTATION OF 2020 PLAN

January 7, 2020, in City. In Ha Long, SCIC Investment Company Limited (SIC) held a Conference to summarize work in 2019 and develop plans for 2020.

Attending the conference were comrade Le Song Lai - Chairman of SIC's Board of Directors, Deputy General Director of State Capital Investment and Trading Corporation (SCIC); Comrade Dinh Viet Tung - Deputy General Director of SCIC; Comrade Pham Duc Hoan, former Director of SIC and invited delegates along with the entire Board of Directors and staff of SIC.

                                    Mr. To Xuan Thanh - Company Director spoke at the conference.

In 2019, although starting with certain difficulties and challenges, under the direction of the Party Committee, the Board of Directors of the State Capital Investment and Trading Corporation along with the solidarity and consensus of the entire The Board of Directors, staff and employees of SCIC Investment Company Limited has completed the business plan in accordance with the set goals.

                Ms. Nguyen Thuy Linh - Deputy Director of the Company presented the Summary Report at the Conference.

The 2019 summary report shows that: in 2019, SIC's revenue was estimated to reach 149.70 billion VND, exceeding the 2019 plan. Profit after tax in 2019 was estimated at 86.62 billion VND, exceeding the 2019 plan. The company has researched and evaluated 25 stock investment opportunities (including 24 short-term stock investment opportunities, 01 long-term stock investment opportunity), 16 bond investment opportunities and 02 opportunities to invest in certificates of deposit. Regarding project investment: SIC has researched and evaluated 9 investment opportunities in the fields of real estate (housing and hotels), healthcare, education, renewable energy, hostels,... in the areas of Hai Phong, Hue, Quy Nhon, Bac Lieu ,...

On April 3, 2019, SIC's Charter of organization and operations was issued by the Corporation's Board of Members under Decision No. 29/QD-DTKDV.HDTV. From there, the Financial Regulations, Investment Regulations and Operational Regulations of the Board of Members and other internal regulations will be reviewed, amended and promulgated to improve investment efficiency on the basis of compliance. comply with the law.

In addition, SIC also focuses on tasks such as: organizational structure, labor, wages, training, human resource development, union work, inspection and supervision. maths…

Mr. To Xuan Thanh - Director of the Company also introduced SIC's major work programs in 2020 related to institutional and strategic building activities; organization, salary, training; project investment work; financial investment work; and other works.

2020 is forecast to be a year of difficult fluctuations and unpredictable markets. Therefore, SIC needs to have a proactive divestment plan (including financial investment and project investment) based on the total profit of the divestments to ensure the planned revenue and profit targets. business and minimize risks.

                                       Mr.  Le Song Lai - Chairman of the Board of Members spoke at the Conference.

Speaking at the Conference, Mr. Le Song Lai - Deputy General Director/Chairman of the Board of Members warmly praised and appreciated the efforts and positive contributions of all SIC employees to contribute completion of the 2019 plan targets, thus continuing to unite and unanimously implement the proposed plans as well as the assigned tasks in 2020.