Tan Phu Viet Nam adjusts capital use plan after share issuance

Tan Phu Viet Nam Joint Stock Company (TPP) has revised its plan for using the 178,861,720,000 proceeds from its public share offering, as detailed in Resolution No. 17/2025/NQ-HĐQT dated November 25, 2025. The total capital raised from the issuance of 17,886,282 common shares at a par value of 10,000 per share was 178,862,820,000. The adjusted plan reflects the actual funds raised and the company's real debt situation at the time of capital increase completion.

The updated capital allocation includes a significant reduction in debt repayments to various banks. Repayment to BIDV will decrease from 80,990,910,140 to 52,959,178,950, Vietinbank from 21,817,346,862 to 28,342,929,134, Vietcombank from 55,924,127,622 to 35,410,074,416, and TPBank from 41,267,615,376 to 2,149,537,500.

A new allocation of 60,000,000,000 has been added for capital contribution to DNP Production and Trading Joint Stock Company. These adjustments are scheduled for implementation between Q4/2025 and Q1/2026. The original resolution, No. 11/NQ-HĐQT dated September 8, 2025, concerning the capital increase and use of proceeds, remains valid for other unchanged provisions.