Share Issuing Approved

On Sept. 30, 2008, the State Securities Commission of Viet Nam (SSCV) has approved Sea Minh Hai's share issuing plan to raise its charter capital from VND 40 billion to VND 56 billion.(SSCV's Correspondence No 1953/UBCK-QLPH).
The correspondense is as follows.
 
After considering the documents on issuing bonus shares for current shareholders of Minh Hai Joint Stock Seafood Processing Company, on Sep 30, 2008 State Securities Commisssion of Viet Nam has issuing Correspondence No 1953/UBCK-QLPH not to reject the issuing of bonus shares to its current shareholders. To proceed on the issuing, the Commission has its guidance instructions as follows.

- The issuing should be carried on exactly as the Resolution of the Shareholder Meeting, ensuring the interest of the investors.
- The company should make public announcement on media at least ten days before the actual issuing. The content of the announcement should mention precisely the way to settle the odd shares when issuing conforming to the law and ensuring the interest of the shareholders.

Ten days after completing the issuing, the company should report to the Commission the result of the issuing.
This can be read at the following link at the State Securities website: http://www.ssc.gov.vn/ssc/Detail.aspx?tabid=586&ItemID=36766