Announcement of Changing Onwership Structure of FiinGroup JSC

FiinGroup Joint Stock Company (“FiinGroup JSC”) would like to announce its change in ownership structure from August 1st, 2022.

 

FiinGroup Joint Stock Company (“FiinGroup JSC”) would like to announce its change in ownership structure from August 1st, 2022.

FiinGroup changed from 10 shareholders (including two institutional shareholders: Nikkei Inc. and QUICK Corp.) to 4 shareholders including Vietnam FiinGroup Joint Stock Company (“Vietnam FiinGroup JSC”, as the parent company, owning 99.96%) and 3 individual shareholders: Mr. Nguyen Quang Thuan (Chairman & CEO, owning 0.018%), Mr. Nguyen Huu Hieu (Chief Operation Officer, owning 0.018%) and Ms. Vu Thi Hoan (Chief Finance Officer, owning 0.004%).

The new shareholder named Vietnam FiinGroup JSC is a newly established company and ultimately with the same ownership ratio as previously at FiinGroup JSC according to the Enterprise Registration Certificate No. 0109897370 issued by the Business Registration Office of the Hanoi Department of Planning & Investment, first issued on January 25, 2022, and subsequently amended on May 25, 2022.

The change of shareholding structure of the Company is aimed to facilitate internal compliance and to better manage potential conflicts of interest in providing credit rating services.

Besides, the information and research services will be gradually transferred to the scope of business undertaking by Vietnam FiinGroup JSC from 1 August 2022. Accordingly, FiinGroup JSC will primarily focus on providing credit rating services and other related services as a domestic credit rating agency according to Decree 88. This development is also to standardize the credit rating agency's business model and to improve the Company's capacity in providing credit rating services towards international practices and standards.

The details are described in the table below:

1. FiinGroup Joint Stock Company (Credit Ratings Agency)

Shareholder List (from August 1^st, 2022)

Shareholder List (before August 1^st 2022)

2. Vietnam FiinGroup Joint Stock Company (Parent company - does not involve in credit rating services)

For more information, please contact Ms. Vu Thi Hoan at email: infor@fiingroup.vn or tel: (84-24) 3562 6962

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