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The press release announcing the prosecution of individual defendant Mr. Thinh, (Nguyen Quy) is not related to SHS and does not affect SHS business activities.

The prosecution of individual defendant Mr. Thinh, (Nguyen Quy) is not related to SHS and does not affect SHS's business activities.

Regarding Mr. Thinh, Nguyen Quy (a Member of the Board of Directors of Petroleum General Services Corporation (PETrosetco - PET) , former Deputy Head of SHS Investment Department), recently being prosecuted and detained by the Police Investigation Agency of the Ministry of Public Security on the case of accepting bribes at PETrosetco, with this press release, Saigon - Hanoi Securities JSC (SHS) we affirmed that this is a personal incident of Mr. Thinh, Nguyen Quy, arising during the period when Mr. Thinh being a member of the PETrosetco’s Board of Directors.
Previously, SHS terminated the labor contract with Mr. Thinh and Mr. Thinh is no longer involved in any SHS activities.
The prosecution and temporary detention of Mr. Thinh by the Police Investigation Agency of the Ministry of Public Security does not have any relation to SHS and does not affect SHS current business operations. All activities at our Company are still being carried out smoothly and stably.
In business activities, SHS always complies with policies and regulations of the law and the State, fully meets standards of safety, transparency and sustainability, always respect and protect the legitimate rights and interests of customers, partners and shareholders.
Best regards,
Saigon – Hanoi Securities JSC
(IR Department - BOD's office| investor@shs.com.vn)

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