Guidance on Handling Cases Not Eligible for Issuing Books for Selling Stocks

If the conditions for book-building to conduct the initial public offering are not met, the handling will be as follows:

- In the case where the actual volume of shares subscribed and the number of investors subscribing do not meet the conditions for book-building as per the share sale plan, the Equitization Steering Committee is responsible for deciding to cancel the book orders, reporting to the Representative Agency of the Owner or the Board of Members/Chairman of the state-owned enterprise, and disclosing information about the cancellation of the book orders.- Investors will be refunded the deposits after the Equitization Steering Committee discloses information about the cancellation of the book orders.- Handling after canceling the book orders:

- If the share sale plan under the book-building method remains unchanged and the reopening of the book has been approved in the share sale plan, the Equitization Steering Committee may re-determine the opening price and conduct the procedures for reopening the book.- If the share sale plan under the book-building method changes, the Equitization Steering Committee will report to the Representative Agency of the Owner or the Board of Members/Chairman of the state-owned enterprise to decide on the share sale plan.

Refer to the regulations on information disclosure about the results of book-building in Circular 21/2019/TT-BTC effective from June 3, 2019.

- Thanh Lam -

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