07 March 2019

Announcement on adjusting the conversion price of convertible bonds issued on Sep. 6th, 2018

Dear valued shareholders,

Everpia Joint Stock Company respectfully send shareholders Announcement on adjusting the conversion price of convertible bonds issued on Sep. 6th, 2018, particularly:
Based on the Resolution of BOD no. 006/2018/HĐQT/NQ dated Jun 15^th, 2018 on the plan of issuing convertible bonds without collateral. On Sep. 6^th, 2018, the Company issued USD 10.100.000 of bonds to the Rhinos Vietnam Convertible bond private investment fund no.4 with the following conversion price regulations:
1. Total nominal value: Value is 10.100.000 USD (Ten million and one hundred thoudsand USD)

2.Conversion price : 18.245 VND/share

3. Adjustments to the conversion price

The Conversion Price may be adjusted as follows:

If the Issuer shall make (A) a Share split or subdivision, (B) a consolidation of Shares, (C) a reclassification of Shares, (D) a change of par value of Share, (E) an issue of bonus Shares, or (F) a distribution of Share dividends or any other assets (but excluding distribution of cash dividends) including, but not limited to, securities; and
If the Issuer shall make any issue of any Shares or grant stock options, warrants or any securities convertible or exchangeable into Shares, pursuant to which the price of the Shares to be issued under such dilutive event is lower than the closing price at the date immediately preceding the date on which the Board approves for the relevant dilutive event, the Conversion Price shall be adjusted to a lower price.

Adjusted Conversion Price = P * (A + B*C/D) / (A + B)
Where:

P is the then current Conversion Price immediately before adjustment;
A is the total number of outstanding Shares on the date the relevant dilutive event is approved by the Board (outstanding Shares means total issued Shares deducting treasury Shares, if any);
B is the number of additional Shares to be issued as the result of the relevant dilutive event;
C is the price per additional Share applicable to the relevant dilutive event; and
D is closing price of a Share on the date immediately preceding the date on which the Board, approves for the relevant dilutive event.

Every 3 months, if the highest price of the volumeweighted average price of one month, one week and one trading day prior to every date falling every 3 (three) months from the Issue Date, if the “Reference Share Price” is lower than the Conversion Price, the Conversion Price shall not be reduced below 70% (seventy percent) of the initial Conversion Price as of the Issue Date. Whereby, the reference price of every 3 months after issuance date is as follows:

Conversion price (Sep. 6^th, 2018)	1^st reference price (Dec. 5^th, 2018)	2^nd reference price (Mar. 5^th, 2019)
18.245 VND	18.329 VND	16.906 VND

According to the above conversion price regulation, the conversion price for USD 10.100.000 of convertible bonds from Mar. 6^th, 2019 will be VND16,906 /share.

Please see the details of correspondence here.

Yours sincerely!