BOD resolution on raising investment capital for a new factory in Giang Dien industrial park

Dear Shareholders,

Everpia Joint Stock Company would like to disclose the BOD Resolution on raising investment capital for a new factory in Giang Dien, Dong Nai as follows:

On June 29, 2021, the Board of Directors issued Resolution 005/2021/HĐQT/NQ with a total investment capital of 10 million USD (equivalent to 230 billion VND). However, during the process, the Board of Directors decided to increase the total investment capital for this project to USD 15,633,000 (equivalent to VND 360,422,264,000), for the following reasons:

• Incurred one-time payment of raw land rental fees to the State.
• Regarding construction: towards the goal of sustainable development as well as meeting the production environment requirements of major international customers, the design of the Giang Dien factory is adjusted in the direction of green building. To achieve EDGE Advance certification, investing in green equipment and materials is a prerequisite, including building materials with low energy consumption, insulation materials, water-saving equipment, and rooftop solar batteries.
• Regarding the addition of machinery and equipment: the Giang Dien factory is oriented to specialize in the production of Spring Mattresses, Padding, and cleaners. To meet the increasing demand of the market as well as to expand the production scale, the company will purchase a number of new machines to automate the production process of spring mattresses and upgrade the Padding production line.

For details, please refer to the attached file  (download).

Best regards!