Summary of principles for securities valuation in Vietnam

No.

Objects

Principles for transaction valuation in the market

Cash and cash equivalents, money market instruments

1

Vietnam Dong (VND)

Account balance at calculation date

2

Currency

Value converted to VND according to exchange rates at credit institutions licensed to trade foreign exchange calculated on the calculation date

3

Term deposits

Deposit value plus interest not yet paid up to the calculation date

4

Treasury bills, bank bills, commercial paper, negotiable certificates of deposit, bonds, and discounted money market instruments

Purchase price plus accumulated interest as of the calculation date

Bonds

5

Listed bonds

- Average quoted price on the trading system at the Stock Exchange of regular transactions on the most recent trading day plus accumulated interest (if quoted price does not include accumulated interest);

- In the event that there are no transactions for more than two (02) weeks as of the calculation date, the largest value is among the following:

+ Purchase price plus accumulated interest;

+ Par value plus accumulated interest;

+ Price determined according to the internal method of the securities trading organization, including accumulated interest.

It mean:

Max (purchase price plus accumulated interest, face value plus accumulated interest, price determined by internal method, including accumulated interest).

6

Unlisted bonds

Is the largest value among the following values:

+ Quoted price (if any) on quote systems selected by securities trading organizations, plus accumulated interest;

+ Purchase price plus accumulated interest;

+ Par value plus accumulated interest;

+ Price according to internal regulations of the securities trading organization, including accumulated interest.

It mean:

Max (List price (if any), purchase price plus accumulated interest, face value plus accumulated interest, price determined by internal method, including accumulated interest).

Share

7

Shares listed on Ho Chi Minh City Stock Exchange

- Closing price of the most recent trading day of the calculation date;

- In the event that there are no transactions for more than two (02) weeks up to the calculation date, the largest value is among the following:

+ Book value;

+ Purchase price;

+ Price according to the internal method of the securities trading organization.

It mean:

Max (Book value, Purchase price, Price determined by internal method)

8

Shares listed on Hanoi Stock Exchange

- Closing price of the most recent trading day of the calculation date;

- In the event that there are no transactions for more than two (02) weeks up to the calculation date, the largest value is among the following:

+ Book value;

+ Purchase price;

+ Price according to the internal method of the securities trading organization.

It mean:

Max (Book value, Purchase price, Price determined by internal method).

9

Shares of public companies registered for trading on the UpCom system

- Closing price of the most recent trading day of the calculation date;

- In case there are no transactions more than two (02) weeks up to the calculation date, the largest value is among the following:

+ Book value;

+ Purchase price;

+ Price according to the internal method of the securities trading organization.

It mean:

Max (Book value, Purchase price, Price determined by internal method).

ten

Shares registered and deposited but not listed or registered for trading

- Average value based on quotes from at least 03 securities companies that are not related persons at the most recent trading date before the time of calculation.

- In case there are not enough quotes from at least 03 securities companies, the largest value is among the following:

+ Price from quotes;

+ Price of the most recent reporting period;

+ Book value;

+ Purchase price;

+ Price according to the internal regulations of the securities trading organization.

It mean:

Max (Price from quotes, Price of the most recent reporting period, Book value, Purchase price, Price according to internal regulations of the securities trading organization).

11

Shares are suspended from trading, delisted, or unregistered for trading

Is the largest value among the following values:

+ Book value;

+ Face value;

+ Price according to the internal method of the securities trading organization.

It mean:

Max (Book value, Face value, Price determined by internal method).

twelfth

Shares of organizations in a state of dissolution or bankruptcy

80% of the liquidation value of that stock (share price announced by the dissolved or bankrupt organization or book value) as of the most recent balance sheet date; or price according to internal regulations of the securities trading organization.

13

Shares and other capital contributions

Is the largest value among the following values:

+ Book value;

+ Purchase price/value of capital contribution;

+ Price according to internal regulations of securities trading organization.

It mean:

Max (Book value, Purchase price/value of capital contribution, Price according to internal regulations of the securities trading organization).

Funds/Shares of Securities Investment Company

14

Public closed-end fund/ETF fund

- Closing price on the most recent trading day of the calculation date;

- In case there are no transactions more than two (02) weeks up to the calculation date: NAV/1CCQ at the latest reporting period before the calculation date.

15

Member funds/Open funds/Shares of privately issued securities investment companies

NAV net asset value per unit of capital contribution/unit of fund certificate/share at the most recent reporting period before the calculation date

16

Other cases

According to the internal regulations of securities trading organizations

Fixed assets

17

Land use rights...

The value is determined by an independent valuation organization selected by the securities trading organization.

18

Buildings/architectures include unfinished basic construction items

Value determined by an independent valuation organization selected by a securities trading organization/accumulated construction in progress costs

19

Equipment, machinery, vehicles...

Residual value of the asset

20

Other fixed assets

The value is determined by an independent valuation organization selected by the securities trading organization.

Other securities

21

Covered warrants issued by other securities trading organizations

- Closing price on the most recent trading day of the calculation date;

- Purchase price (if warrants have unlisted guarantees).

22

Shares listed on foreign markets

- Price (in foreign currency) x exchange rate to VND at the date of calculation

- Closing price on the most recent trading day of the calculation date;

- In the event that there are no transactions for more than two (02) weeks up to the calculation date, the largest value is among the following:

+ Book value;

+ Purchase price;

+ Price determined according to the internal method of the securities trading organization.

It mean:

Max (Book value, Purchase price, Price determined by internal method).