“In the past few days, I have sought experts to handle the company's problems with the

bank, the opinions on this are as follows:

- Lowering the bad debt level from 5 to 1 is currently not possible because no one can do
it because The law stipulates that after 5 years (from the date of repayment of debt) ==>
Yes, it is SBV regulation and reflect on CIC data (5 years of historical loan).

- In order to help the company continue production and business and get a bank loan,
they suggested to me that there are two ways:

(one is) the company finds the way to raise capital at once, the warning level will be at
level 1 ==> Yes, VCB already advised us in the last meeting, but even we revert to level 1,
the ability to raise new loan from bank or even leasing is still difficult, because they have
policy to re-grant loan to just level 1 company (Previously, we discuss with previous
leasing company, but no one can provide us loan via leasing. We need at least 24 months
to re-start loan via leasing with them.

(two is) Gathering shareholders, restructuring the company (getting a new name) to open
new transactions will not affect anything production, business and bank capital. ==> Yes,
we already consider this. It means that we create new legal entity or company. Basically, it
is level 1, but normally, bank grant loan as a form of business support. So, to increase
loan successfully, we need transfer business activities and facilities to them as well. So it is
real company and become a replacement of Vina (in our case).

(third) experts note that there is a lot of cash in Vietnamese banks nowadays, banks are
having to find qualified customers to lend; if the company is restructured, it is required to
invite a lawyer in the field of finance and banking to participate.” ==> Yes, current bank’s
credit growth is low because of low demand for funding (due to economic down turn).
But bank’s challenges are high level of bad debt and quality of customer is slowing down.
And bank always follows SBV’s laws and regulations in lending activities, then bank lend
(1) qualified customer; (2) solid business foundation and plan; (3) mortgaged assets and
track record of repayment data to reduce their credit risk.

==> We need specialized lawyer in field of finance, especially having a lot of experience
and strong relationship with bank to assist us. Since our case is very special, then the
matter of expertise is very important.