IDICO corrects 2022 corporate governance report, revises related party transactions

IDICO Corporation has announced corrections and additions to its 2022 corporate governance report. The primary correction pertains to Resolution No. 50/NQ-TCT, dated December 1, 2022, which approved the policy of renting office space from Thai Binh IDICO Investment and Construction Joint Stock Company. This adjustment aims to align the company's internal documents with the official 2022 corporate governance report.

Further amendments were made to the list of related parties in Section VII.1 (Appendix 01) and transactions involving related parties in Section VII.2 (Appendix 02) within the 2022 corporate governance report. These changes are designed to ensure consistency with the audited Annual Separate Financial Statements for 2022 and other internal corporate documents. The updated appendices, detailing both prior and corrected information, are attached to the announcement.

Specifically, the corrected Appendix 02 now includes transactions such as a loan of VND 125,000,000,000 from IDICO Urban and Industrial Zone Development, IDICO's loan interest of VND 1,663,013,699, and shared profits of VND 25,914,296,278. Additionally, construction project values for various contracts are now specified, ranging from VND 3,894,683,185 to VND 29,655,147,674, reflecting a more comprehensive and accurate representation of related-party transactions in the 2022 report.