1. Assets auction: 315 machines is secured assets of Saigon Offshore Fabrication and Engineering Limited, is sold separately to two lots of asset as follows:

Lots 1: including 264 machines at Dong Xuyen Industrial Zone, Rach Dua ward, Vung Tau city, Ba Ria – Vung Tau province;

Lots 2: including 51 machines at 99 Road No.3, Thanh My Loi ward, District 2, Ho Chi Minh City.

(Details are in the included attachment).

Note: For assets subject to registration, registration of the buyer who can be auctioned, contact the competent authority to carry out the procedures for registration of ownership and registration according to regulations or compliance. at the discretion of the competent authority and to bear the related costs. Customers registering to participate in the auction undertake not to complain or complain about this issue.

2. Origin of assets: secured assets of Saigon Offshore Fabrication and Engineering Limited at BIDV Ho Chi Minh City Branch.

3. Starting price, Price step, Escrow deposit:

3.1 Starting price:

Lot 1: 54.849.000.000 VND

Lot 2: 53.654.000.000 VND

Note: The starting price does not include value added tax and does not include costs related to the transfer of ownership / use of the property, dismantlement / removal / transportation of the property, registration fee , notary fees, registration fees and other costs (if any) when buying the property, these costs are borne by the auction winner.

3.2  Price step: 50.000.000 VND

3.3  Escrow deposit: 5% Starting price, as follows:

Lot 1: 2.742.450.000 đồng (Two billion seven hundred forty two million four hundred fifty thousand Viet nam dong).

Lot 2: 2.682.700.000 đồng (Two billion six hundred eighty two million seven hundred thousand Viet nam dong).

4. Time, and location of asset auction:

Time to view assets to be auctioned: From 08h30 AM November 17th 2020 to 11h00 AM November 28th 2020

Location to view assets to be auctioned: Dong Xuyen Industrial Zone, Rach Dua ward, Vung Tau city, Ba Ria – Vung Tau province and 99 Road No.3, Thanh My Loi ward, District 2, Ho Chi Minh City.

5. Time, location, conditions and registration methods to participate in the auction:

Time to sell auction participation files, receive auction participation files: during office hours from November 17th 2020 to November 28th 2020

Time to receive escrow deposit: Escrow deposit of auction participants be transferred to account of Minh Phap Partnership Auction Company number 31010001012469 at Jsc Bank For Investment And Development Of Vietnam – Ho Chi Minh City Branch from November 27th 2020 to December 01st 2020 (during office hours).

Location for selling auction participation file: at headquarters of Minh Phap Partnership Auction Company (151 Tran Huy Lieu, Ward 8, Phu Nhuan District, Ho Chi Minh City) và headquarters of Jsc Bank For Investment And Development Of Vietnam – Ho Chi Minh City Branch (134 Nguyen Cong Tru Street, Nguyen Thai Binh Ward, District 1, Ho Chi Minh City).

Location for receiving auction participation files: at headquarters of Minh Phap Partnership Auction Company (151 Tran Huy Lieu, Ward 8, Phu Nhuan District, Ho Chi Minh City)

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

How to register: Apply directly at 151 Tran Huy Lieu Street, Ward 8, Phu Nhuan District, Ho Chi Minh City.

Price of auction participation file: 500.000 VND

6. Time and location where the auction is to be conducted: at 09h00 December 02nd 2020 in headquarters of Minh Phap Partnership Auction Company - 151 Tran Huy Lieu, Ward 8, Phu Nhuan District, Ho Chi Minh City

7. Forms and methods of auction: Oral auction with ascending-price auction, no limit number of rounds.

Contact Address:

8.1  Minh Phap Partnership Auction Company – Address: 151 Tran Huy Lieu, Ward 8, Phu Nhuan District, Ho Chi Minh City – Tel: 028.38453169 – 38453249; Fax: 028.38453363.

8.2       Jsc Bank For Investment And Development Of Vietnam – Ho Chi Minh City Branch – 134 Nguyen Cong Tru Street, Nguyen Thai Binh Ward, District 1, Ho Chi Minh City – Tel: (028) 38295981 – 0908.999.720 (Mr. Pham Xuan Hieu) – Fax: (028) 39153541