HOA SEN NHON HOI - BINH DINH STEEL PLANT

On the morning of January 08^th, 2016, Hoa Sen Group held the Ground Breaking Ceremony at Nhon Hoi Economic Zone, Hoi Son Hamlet, Nhon Hoi Commune, Quy Nhon City, Binh Dinh Province. Hoa Sen Nhon Hoi - Binh Dinh Steel Plant is the third project of Hoa Sen Group in Binh Dinh Province and one of the key projects of Hoa Sen in 2016. The project is invested by Hoa Sen Nhon Hoi Binh Dinh One Member Liabilities Limited Company covering an area of 12.4 hectares in Nhon Hoi Economic Zone.

The ground breaking ceremony of Hoa Sen Nhon Hoi - Binh Dinh Steel Plant.

With a total estimated investment capital of VND2,000 billion, this will be the place for production of galvanized steel, color coating and cold rolled steel products of Hoa Sen Group through advanced production lines with modern technology. The first phase includes: galvanizing line with a capacity of 180,000 tons/year, color coating line with a capacity of 45,000 tons/year and a slitting line with a designed capacity of 100,000 tons/year. The production line system is expected to be completed and launched in the second quarter of 2017. The project targets to have a total designed capacity of 200,000 tons per year. The second phase includes: pickling lines, cold rolling lineand color coating lines with a capacity of 200,000 tons per year; 200,000 tons per year and 90,000 tons per year respectively.

Mr. Ho Quoc Dung - Deputy Secretary of the Provincial Party Committee, Chairman of Binh Dinh People's Committee handed over the investment certificate to Mr. Le Phuoc Vu - Chairman of Hoa Sen Group

Not only meeting the market demand, supplying products for construction needs, the project will contribute to the diversification of industrial products of Binh Dinh Province and as well as to the improvement of Hoa Sen's production capacity in the South Central Region, the Central Highlands and expanding export activities to various markets such as: the North East of Cambodia, southern of Laos and central of Thailand.

Mr. Le Phuoc Vu, Chairman of Hoa Sen Group, speaks at the ceremony

The leaders of Hoa Sen Group and the representatives of the provincial Party Committee and leaders of Binh Dinh province's departments conducted ground breaking procedures

SUMMARY OF PROJECT IMPLEMENTATION PROGRESS