1. Auctioned debt: The debt of Hung Ngan House Corporation at Joint Stock Commercial Bank for Investment and Development of Vietnam - So Giao dich 2 Branch (hereinafter referred to as the “Debt”) includes all principal and interest by the time the debt sale is made.

The total debit balance of the loan as of February 5th, 2020 is VND 518.791.060.320 (In words: Five hundred and eighteen billion, seven hundred ninety one million, sixty thousand, three hundred twenty dong), in which the principal is VND 372.020.269.632, amount of interest and fine is VND 146.770.790.688).

Collateral of the debt:

Land use rights and land-attached assets located at: 51 Hoang Dieu, Ward 10, Phu Nhuan District, Ho Chi Minh City (Land area: 188,4 m2; Construction area: 114,4 m2; Floor area: 809,0 m2); 

Land use rights and land-attached assets located at: 130 Ton Duc Thang, Van Chuong Ward, Dong Da District, Hanoi (Land area: 137,6 m2; Construction area: 118 m2; Floor area: 308 m2; Number of floors: 3); 

Land use rights and land-attached assets located at: 11 alley 34/2 Nguyen Hong Street, Lang Ha Ward, Dong Da District, Hanoi (Land area: 84 m2; Construction area: 84 m2; Floor area: 252 m2; Number of floors: 3);

Assets formed from the loan are part of the project "Commercial & Residential Complex" in Tan Chanh Hiep Ward, District 12, Ho Chi Minh City (excluding 971 apartments of 03 Block A1, A2 and B1 have been tested and handed over to apartment buyers);

Asset formed in the future is the project "Bai Cua Can Beach Resort" located in Cua Can Commune, Phu Quoc District, Kien Giang Province (Phu Quoc Economic Zone Authority has issued Decision No. 239 / QD-BQLKKTPQ, December 24, 2018 terminated the project's operation due to the investor's inability or ability to perform according to the registration schedule).

2. Auctioned debt belonged to: Joint Stock Commercial Bank for Investment and Development of Vietnam

Address: 35 Hang Voi, Hoan Kiem District, Ha Noi City.

3. Auction institution: Truong Thinh Auction Partnerships Company

Address: 46 Street no. 2, Chu Van An Residential Area, Ward 26, Binh Thanh District, Ho Chi Minh City 

4. Fall-back price: VND 420.220.800.000 (In words: Four hundred twenty billion, two hundred twenty million, eight hundred thousand dongs). The fall-back price does not include expenses related to the transfer of ownership/use of property, registration fee and other expenses (if any) when buying Debt, these expenses are won by the winner price bear. The debt purchase and sale is not subject to VAT.

5. Deposit: VND 42.022.080.000 (In words: Fourty two billion, twenty two million, eighty thousand dongs) equivalent to 10% of the fall-back price.

6. Money to buy bidding dossier: VND 500,000 /dossier.

7. Time and place for selling records and receiving auction dossier: From 08:00 a.m. on April 23th, 2020 to 05:00 p.m. on May 15th, 2020 at the head office of Truong Thinh Auction Partnerships Company and at BIDV Debt Treatment Center – Address: 6th floor, no. 24 Le Thanh Ton, Ben Nghe Ward, District 1, Ho Chi Minh City – Contact phone: 028.62762586.

8. Time and place of debt consideration: From 08:00 a.m. on April 23th, 2020 to 05:00 p.m. on May 15th, 2020 at the head office of Truong Thinh Auction Partnerships Company.

9. Time, place, conditions and method of registering for auction participation:

- Time of registering for auction participation: During time for selling records and receiving auction dossier.

- Conditions of registering for auction participation: Individuals and organizations that have demand and financial capability may register to participate in the auction, except for cases specified in Clause 4, Article 38 of the Law on Property Auction No. 01/2016/QH14 dated November 17, 2016.

- Place and method of registering for auction participation: Customers apply directly at the head office of Truong Thinh Auction Partnerships Company and at BIDV Debt Treatment Center – Address: 6th floor, no. 24 Le Thanh Ton, Ben Nghe Ward, District 1, Ho Chi Minh City.

10. Deadline for deposit: During office hours on May 13th, 2020, May 14th, 2020 and May 15th, 2020, unless otherwise agreed by the auction institution and participants but before the opening of the auction.

- Organizations and individuals eligible to participate in the auction submit a valid bidding dossier and pay deposit to Truong Thinh Auction Company as prescribed.

11. Time, location of auction: At 09:00 a.m. on May 18th, 2020 at the head office of Truong Thinh Auction Partnerships Company, address: 46 Street no. 2, Chu Van An Residential Area, Ward 26, Binh Thanh District, Ho Chi Minh City.

12. Form of auction: Verbally at auction.

13. Method of auction: Bidding up.