2008 Shareholder Meeting

As informed earlier to all shareholders, the Seaprodex Minh Hai's general shareholders' meeting was held in the morning of April 19, 2008.

Nearly 40 shareholders were present. They own more than 70% of charter capital (their own shares and/or authorized by other shareholders).

In the meeting the shareholders heard reports of the 2007 business results, 2008 business targets and other important reports:

- Financial report
- Report of the Board of Controllers
- Financial audit report for 2007
- 5 other solicits letters (for company charter revision to increase charter; to change face value of each share from VND 100,000 to VND 10,000; to increase charter capital from VND 40 billion to 56 billion by granting shares to current shareholders at ratio of 5:2 (two shares per each 5 shares currently owned); issue new shares (max VND 25 billion more); to publicize the conpany shared in general stock markets at favorable time in the end of 2008 or in 2009)..

The letters for getting the approvals from company shareholders at this meeting to serves as basic conditions for publicize the conpany in Ha Noi or Ho Chi Minh City stock markets.

Another important event is the re-election of the Board of Management and Board of Controllers. The results are as follows.

Board of Management (Term III)

Board of Controllers (Term III):

Board of Management	Board of Controllers

In the first session of the new Board of Management, the Board has appointed Mr. Tran Thien Hai as General Director of Seaprodex Minh Hai.

The Meeting has accepted all the contents presented at the Meeting.

The Annual Meeting has ended in the morning and shareholders and guests have shared their cheers toghether in a lunch meal at the same restaurant where the meeting held.