Japan - Hai Phong Industrial Zone Project

On November 10th, PC1 Group (HOSE: PC1) officially completed the legal procedures for acquiring the entire capital of Nomura Asia Investment (Vietnam) Pte. Ltd (based in Singapore) from Nomura Holding and Jafco Group. As a result, PC1 became a joint venture partner with the People's Committee of Hai Phong City, owning Nomura - Haiphong Industrial Zone Development Corporation. (NHIZ), with PC1 holding a 70% stake and the People's Committee of Hai Phong City holding the remaining 30%.