Higher Education and Vocational Books adjusts capital use plan

Higher Education and Vocational Training Books Joint Stock Company (HEV) announced an amendment to its capital utilization plan, detailed in a resolution dated April 18, 2025. This resolution modifies previous directives regarding the deployment of proceeds from a private share issuance.

Under the revised plan, if funds from the private placement are not fully utilized for their approved purposes or if those purposes cannot be fully implemented, any unused proceeds, particularly those less than 50% of the total, will be deposited into savings accounts or invested in equivalent monetary instruments at commercial banks in Vietnam. This strategy aims to ensure the safety and efficient use of capital.

The board of directors is responsible for reporting these changes to the general meeting of shareholders at its next meeting. This resolution, approved by the board of directors for its 5th term (2022-2026), became effective on April 18, 2025.