HUNG VUONG JOINT STOCK CORPORATION

HUNG VUONG JOINT STOCK CORPORATION

International transaction name : HUNG VUONG CORPORATION

Name in brief : HV CORP.

Business registration licence No. 5303000053 dated 15 January, with 5th revision dated 23 February 2009.

Chartered capital : VND 494.880.000.000

Labour force : Over 5.000 (as of December 2008)

Address : Lot No. 44 My Tho Industrial Zone, Tien Giang province, Vietnam.

Tel: 073. 3854245, 073.3854247 – Fax: 073. 3854248

Website: www.hungvuongpanga.com, www.hvseafood.com

Email: info@hungvuongpanga.com

Representative Office in Ho Chi Minh city :

144 Chau Van Liem – Phuong 11 – Quan 5 – Ho Chi Minh city, Vietnam.

Telephone numbers : (84) 38 536 052 – (84) 3853 6330 – (84) 38 538 280

Fax: (84) 38 536 051.

Website: www.hungvuongpanga.com, www.hvseafood.com

Email: info@hungvuongpanga.com

I- THE CORPORATION’S FORMATION AND DEVELOPMENT

The Corporation was initially established under the name of HUNG VUONG COMPANY LIMITED and located at My Tho Industrial Zone, Tien Giang province with its major function as processor of pangasius fillets for export. Its chartered capital of 32 billion VND in 2003 had rapidly amounted to 495 billion VND after 5 years of operations. Starting with only one processing plant in 2003 with the production capacity of 30 mts of raw material/day, the Corporation is now in possession of seven processing plants located in the provinces of Tien Giang, Vinh Long and Dong Thap with the production capacity of over 800 mts of raw material/day.

Its primary production process ranging from the collection of raw material to processing has now been fully closed with various stages from the selection of breed, feed production, farming, processing, cold storage to the exportation of finished products. The Corporation is currently in possession of over 200 hectares of farming water area, and at the same time cooperates with local farmers in other 150 hectares of aquaculture area, this has ensured 70% of the quantity of raw material needed for the Corporation’s production. The fish feed plant for aquaculture with the production capacity of 1,200 mts/day is capable of providing sufficient feed to meet the demand of the Corporation and the farmers who cooperate with the Corporation in the aquaculture programmes. Presently Hung Vuong Corporation has its biggest market-share in the supply of fish feed in Vietnam and its products have won prestige from farmers in theMekong River delta.

Hung Vuong Corporation has invested in cold storages of over 40,000 mts capacity and is the biggest owner and operator of cold storage in Vietnam. Its right orientation and activities can be seen in the speedy developments throughout the years as follows :

– 2004 : Export turnover : 8 million USD

– 2005 : Export turnover : 18 million USD

– 2006 : Export turnover : 36 million USD

– 2007 : Export turnover : 83 million USD

– 2008 : Export turnover : 160 million USD

– 2009 : Export turnover : Estimated at 180 million USD

Hung Vuong Corporation’s assets by end of 2008 :

1- 7 plants for processing pangasius for export with production capacity of over 800 mts/day.

2- Contribution of 40% of invested amount to the below two fish feed plants :

a- Hung Vuong Tay Nam plant with capacity of 300 mts/day

b- Viet Thang plant with capacity of 900 mts/day

3- 250 hectares of farming area in the provinces of Ben Tre, Vinh Long, Dong Thap, Tien Giang with invested capital of over 350 billion VND.

4- Cold storages with over 40,000 mts capacity at Tan Tao Industrial Zone, Ho Chi Minh city with invested capital of over 350 billion VND.

5- Two pieces of land in District 6, Ho Chi Minh city; 1st lot : Located at 765 Hong Bang street, with 6.000 m2 in area; and 2nd lot : Located at 94-96 Pham Dinh Ho street, with 3.000 m2 in area, totally valued at over 240 billion VND.

The above information has reflexed the Corporation’s effective business management in the past five years. In 2009, Hung Vuong Corporation continues expanding its production and business development with the construction of a new plant with the capacity of 300 mts of raw material/day. This will be a modern plant for production of high quality retail-packed products to be sold directly to end-users in supermarkets inEurope and other developed countries.

The plant is under construction and is scheduled to come into operation in August 2009 in Tien Giang province with the name of Europe Joint Stock Corporation.

II. OPERATIONS

1. Processing :

Hung Vuong Corporation’s subsidiary units :

1. Hung Vuong – Tien Giang Plant No.1 : EU Code DL 308

2. Hung Vuong – Tien Giang Plant No.2 : EU Code DL 386

3. Asia Co. Ltd. : EU Code DL 27

4. An Lac – Co. Ltd. : EU Code DL 21

5. Hung vuong – Vinh Long Co. Ltd. Plant No.1 : EU Code DL 36

6. Hung Vuong – Vĩnh Long Co. Ltd. Plant No.2 : EU Code DL 460

7. Hung Vuong – Sa Dec Co. Ltd. : EU Code DL 60

8. Hung Vuong – Tay Nam Fish Feed Joint Stock Company :

Located at Sa Dec Industrial Zone.

9. Hung Vuong – Mien Tay Aquaculture Joint Stock Company : With

over 200 hectares of water surface area.

10. Europe Joint Stock Company : Under construction and will come

into operation in August 2009.

2. Export turnover :

Taking advantage of the achievements obtained during the past five years, Hung Vuong Corporation is concentrating its efforts to expand its business in form of cooperation in setting up representative offices in Germany and Spain, diversify retail-packed products for sale in

supermarkets and at the same time develop the potential markets in the Middle East, Central America, North Africa to ensure the increased export volume by the year 2015. Export turnover for 2009 is expected at 180 million USD, revenue is more than 4,000 billion VND and after-tax profit is 300 billion VND.

3. Social activities :

With the conception that taking good care of the employees’ life will relieve them of hardship to fulfil their assigned work, assist them to elevate their professional skill and stimulate their creative initiatives in the production and business management, the Corporation has applied preferential treatments in the employment, payments of salary and bonus, offering dwelling-houses to needy workers to ensure the employees’ long-term income and stable life.

Hung Vuong Corporation has also actively participated in social programmes conducted by local governments such as fundings the construction of houses of love, houses of appreciation, heart operations and other charity activities that help lessen the poor’s difficulties.