Kinh Bac City Development Holding Corporation (HSX: KBC) would like to inform: The early redemption of total 1,000-billion-VND Bond KBCH2124003 whose maturity date is 11/11/2024:

Pursuant to the provisions of Circular No. 122/2020/TT-BTC dated 31/12/2020 of the Ministry of Finance providing guidance on information disclosure and reporting in accordance with the provisions of Decree No. 153/2020/ND-CP dated 31/12/2020 of the Government and documents amending and supplementing regulations on private placement of corporate bonds in the domestic market and the offering of corporate bonds to the international market, Kinh Bac City Development Holding Corporation would like to disclose information about the early bond redemption as follows:

1. Company information

- Name of organization: Kinh Bac City Development Holding Corporation

- Head office’s address: Lot B7, Que Vo Industrial Park, Phuong Lieu Commune, Que Vo District, Bac Ninh Province

- Tel: (84-222) 363 4035                  

- Fax: (84-222) 363 4034

- Company type: Joint Stock Company

- Main business activities: Trading in real estate, land use rights belonging to owners, users or renters.

2. Information of the redemption

- Bond code: KBCH2124003

- Redemption method: send redemption notice to Bondholders

   + Par value: 100,000 VND/Bond

   + Issuance value at par value: 1,000,000,000,000 VND (One thousand billion dong)

   + Current outstanding bond value at par value: 1,000,000,000,000 VND (One thousand billion dong)

   + Bond term: 36 months

   + Issuing date: 11/11/2021

   + Maturity date: 11/11/2024

   + Redemption date: 31/03/2023

   + Redemption payment date: 31/03/2023

   + Redemption interest: 11.4%/year (According to the Notice of Interest of Bond KBCH2124003 for the 3rd interest calculation period of the Payment Agent)

   + Actual number of days of interest calculation: From 11/11/2022 inclusively to 31/03/2023 exclusively.

- Volume of bonds to be redeemed at par value: 10,000,000 bonds  (equivalent to par value: 1,000,000,000,000 VND (One thousand billion dong)).

- Terms and conditions of early redeemed bond shall be amended to replace according to The resolution of Bondholders dated 29/03/2023.

After 01 (one) year from the Issue Date, the Issuer may redeem a part or all of the Bonds of the issue before the maturity date on the Early Redemption Dates at the Request of the Issuer and by any other means. any method in accordance with applicable law and the provisions of these Bond Terms and Conditions. To clarify, the Issuer is not obligated to pay an early redemption fee for the early redemption of bonds at the request of the Issuer.

- Redemption Price:

“Earned Interest” includes: interest accrued since and including the latest Interest Payment Date plus (+) unpaid interest and penalties of the previous periods (if any) up to but excluding the date of redemption (“Early Redemption Date as Suggested by the Issuer”).

- In order to exercise the right of redemption under these Conditions, the Issuer must (through the Registration and Depository Agent) give written notice to all Bondholders and the Bondholders' Representative about their decision to redeem the Bonds (“Redemption Notice”) at least 2 (two) business days prior to the Early Redemption Date as suggested by the Issuer. The Redemption Notice will contain information on the total number of Bonds to be redeemed, the value of the Early-redeemed Bonds, the Early Redemption Price and the Early Redemption Date (which must be a Business Day). Upon receipt of the Redemption Notice, the Bondholders are obliged to resell the amount of the Bonds to the Issuer in accordance with such Redemption Notice. For the purposes of this provision, the Record Date for closing the list of Bondholders shall be the Business Day immediately preceding the Early Redemption Date at the request of the Issuer.

- The redemption price will be paid by the Issuer (through the Payment Agent) directly to the accounts of the Bondholders.

- Source for redemption: From production and business activities and equity.

 (The plan for early redemption of bond KBCH2124003 mentioned above has been approved by the competent authority under the Resolution No. 2903.1/2023/KBC/NQ-HDQT of the BOD dated 29/3/2023 attached to this Announcement)

3. Organizations participating in the redemption 

Representative of Bondholders and Depository Registration Agent

AN BINH SECURITIES JOINT STOCK COMPANY (“ABS”)

- Address: Floor 16, Geleximco Building, No. 36 Hoang Cau Street, O Cho Dua Ward, Dong Da District, Ha Noi City

- Tel: 024 35624626

Collateral Management Agent Đại Lý Quản Lý Tài Sản Bảo Đảm

VIETNAM INTERNATIONAL COMMERCIAL JOINT STOCK BANK (“VIB”)

- Address: 1st floor (ground floor) and 2nd floor, Sailing Tower, no. 111A Pasteur, Ben Nghe Ward, District 1, Ho Chi Minh City.

- Tel: (+844) 6 276 0068                            Fax: (+844) 62762482

Payment Agent

VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE – QUE VO INDUSTRIAL PARK BRANCH  (“VIETINBANK - QUE VO”)

- Address: Lot E1, Que Vo Industrial Park, phuong Van Duong, Bac Ninh City, Bac Ninh Province

- Tel: 0222 3634891                       Fax: 0222 3634890

By this Official Announcement, we (through the Bondholder Representative) notify the redemption to all Bondholders. The Bondholders are deemed to have received the Notices set forth in Article 13 of the Bond Terms and Conditions. In which, the following form is considered as the Bond Owner has received information:  “Notice of Redemption” of bonds before maturity and other relevant documents are published at the website of the Issuer, Bondholder Representative or the website of the Stock Exchanges at the time the information is posted on the website.