Dear Valued Shareholders,

On 19th December 2017, Duoc Cuu Long (DCL), a member of F.I.T Group, signed a contract offering convertible bonds to international market on private placement basis to Rhinos Asset Management (RAM) from South Korea, worth US$ 20 million – equivalent to VND 450 billion – with interest rate 1% per year (in US$), 5 year maturity, conversion price VND 25,000 per share, and convertible after one year.

RAM is the vanguard fund in South Korea investing in international convertible bonds market, with criteria that requires investee companies must have a firm foundation and long-term growth potential. RAM’s current portfolio comprises more than 60 companies from Asia, America and Europe.

As per the agreement, after one year, if all convertible bonds were converted into ordinary shares, DCL would be successfully offering approximately 18 million shares at the price of VND 25,000 per share, and RAM would own around 24% shares becoming a large shareholder of the company.

The proceeds from this offering will be used for improving the production capacity and investing in working capital of the company and its affiliates. DCL has a history of more than 40 years operating in pharmaceutical sector in Vietnam. Since becoming a member of the F.I.T Group, the company has made several significant changes: (i) acquiring Euvipharm, a pharmaceutical company owning one of the most modernized factories in Vietnam; (ii) building a new factory Capsule III, which helps improve its production capacity to become a leading producer of capsule (40% market share) in Vietnam; and (iii) jointly establishing the Benovas company with SCIC to be the pioneer in producing cancer treatment medicines in Vietnam.

In summary, shortly after the announcement of convertible bonds offering to international bond market last month, DCL has successfully found the right investor. The deal marks an important milestone for DCL and F.I.T Group in building trust among professional institutional investors in their restructuring process and renovation of the business models. The favorable terms of the bonds such as low interest rates and conversion prices with premium confirm the belief of investors in the long-term value growth potential of DCL and the group.

We are really proud to say that our continuous effort for restructuring has resulted in positive outcomes. Once again, thank you very much for all your support and trust in our group.

Sincerely,

Nguyen Thi Minh Nguyet

Chief Executive Officer