C47 Announces Information Disclosure on Board of Directors’ Resolutions Regarding the Implementation of the Public Offering Plan of Shares to Existing Shareholders

• Resolution No. 39/2026/NQ-HDQT dated June 2, 2026 approving the implementation of the public offering plan of additional shares to existing shareholders.
• Resolution No. 40/2026/NQ-HDQT dated June 2, 2026 approving the Plan to Ensure Compliance of the Share Issuance with Foreign Ownership Regulations.
• Resolution No. 41/2026/NQ-HDQT dated June 2, 2026 approving the Detailed Plan for the Use of Proceeds from the Public Offering of Additional Shares to Existing Shareholders.

1. Resolution No. 39/2026/NQ-HDQT

• Approved the sequence of share offering/issuance rounds for charter capital increase, including: Phase 1 – public offering of additional shares to existing shareholders; Phase 2 – issuance of shares for payment of 2025 dividends.
• Approved the implementation of the public offering of additional shares to existing shareholders under stock code C47, with a par value of VND 10,000 per share, an offering price of VND 10,000 per share, and total expected proceeds of VND 181,711,350,000.
• The rights ratio is 2:1; shareholders holding one (01) share will receive one (01) subscription right, and every two (02) subscription rights entitle the holder to purchase one (01) new share, rounded down to the nearest whole share.
• Authorized the General Director to carry out all necessary procedures with the State Securities Commission of Vietnam (SSC), VSDC and HOSE in accordance with applicable regulations to complete the public offering of additional shares to existing shareholders.

2. Resolution No. 40/2026/NQ-HDQT

• Approved the plan to ensure that the share issuance complies with regulations on foreign ownership. Accordingly, the aggregate ownership ratio of foreign investors and economic organizations in which foreign investors hold more than 50% of charter capital in C47, pursuant to Official Letter No. 3858/UBCK-PTTT dated May 11, 2026 issued by the State Securities Commission of Vietnam, is limited to 49% of charter capital.
• The number of shares held by foreign investors at the time specified in the Resolution was 17,908 shares, representing 0.0493% of charter capital, based on VSDC’s disclosure on foreign ownership ratio dated May 21, 2026.
• The Board of Directors shall not allocate any offered shares to foreign investors or economic organizations in which foreign investors hold more than 50% of charter capital and shall implement all measures required by law to ensure compliance with the maximum foreign ownership ratio applicable to C47.

3. Resolution No. 41/2026/NQ-HDQT

• Approved the detailed plan for the use of proceeds expected to be raised from the public offering of additional shares to existing shareholders.
• The entire amount of expected proceeds will be allocated to three purposes: (i) capital contribution to C47 Energy Investment and Development Company Limited (C47E); (ii) investment in machinery and equipment serving ongoing construction projects; and (iii) supplementation of working capital for the procurement of construction materials for ongoing projects.
• The planned capital contribution to C47E amounts to VND 100,000,000,000. Investments in machinery and equipment will be allocated to specific projects, including Nam Neun 1 Hydropower Project, Bac Ai Pumped-Storage Hydropower Plant Phase 2 – Package 1, Tri An Hydropower Expansion Project, Duong Dong 2 Reservoir Project, and the Company’s Head Office.
• Depending on actual circumstances upon completion of the offering, the Board of Directors shall balance and allocate the proceeds in a manner consistent with the approved purposes, ensuring compliance with applicable regulations and maximizing the interests of shareholders of Construction Joint Stock Company 47.