Hanoi, February 20th, 2017 – Vietnam Airlines Corporation has successfully held the 2017 irregular stakeholders’ meeting.

 Based on the company’s charters and its demands, Vietnam Airlines Corporation’s Board of Directors has convened an irregular meeting for stakeholders, with the following contents: reporting the selection results of strategic investors; amending the company’s charters; electing additional board members; and seeking approval to implement the sale and leaseback (SLB) contracts on 04 aircrafts scheduled to deliver to the corporation in 2017.

More specifically, on May 28th, 2 016, Vietnam Airlines Corporation signed a contract for the sales of corporate shares to Japan’s leading aviation Group - ANA Holdings Inc. (ANA). On July 1st, 2016, ANA closed the deal with a payment of $US109 million and officially became a strategic shareholder with a stake of 8.771% charter capital. The completion of the share sale to ANA Holdings Inc., is part of the successful equitization process for Vietnam Airlines. ANA is a worthy strategic partner; the two companies have a wide range of opportunities for extensive cooperation, including market development, service quality upgrade and corporate governance.

After offering shares to ANA on July 1st, 2016, total charter capital of Vietnam Airlines has increased to over 12,275 billion VND ($US558 million), equivalent to 1,227,533,778 shares (valued at 10,000VND/share). This is a major adjustment in the charter of the Corporation made at this irregular stakeholders’ meeting.

At the meeting, stakeholders voted to affirm 6 members of the Board of Directors of Vietnam Airlines Corporation. Mr. Koji Shibata, Senior Vice President, Strategic Planning - Asia Pacific Director on behalf of ANA Holdings Inc. was appointed to become a representative of ANA in the Board of Directors of Vietnam Airlines Corporation. In addition, the Board also approved Mr. Ta Manh Hung to become a new member, representing state-hold capital at the Corporation, in replacement of the former Mr. Nguyen Huy Trang, who retired on Oct. 1st 2016.

“I am very honored to be appointed as a member of the Board of Directors of Vietnam Airlines Corporation. I shall bring my best to contribute to the development of the Corporation. ANA and Vietnam Airlines will cooperate in order to contribute to the growth of the highly potential aviation market and jointly develop on the basis of mutual benefits. This partnership will also contribute to promote travel between the two countries, strengthen cultural exchanges, enhance economic cooperation and bilateral understandings.”, Mr. Koji Shibata spoke at the meeting.

The Board approved the implementation of Sale and Leaseback - SLB for 01 Boeing 787-9 and 03 Airbus A350 aircrafts which are delivered to the Corporation in 2017. Under this arrangement, the Corporation is able to reduce its liabilities on funding these new aircrafts and maintain the sufficient number of aircrafts for operation at the same time. The Corporation is on a good track to ensure its operational activities and to strengthen its financial security.

On January 2017, over 1.2 billion shares of the Corporation were officially traded in the UPcom exchange. The share, HVN, was regarded among those with the most potential growth. The Corporation is one of the largest public firms in terms of capitalization in this exchange. These fundamentals are advantageous for the Corporation in order to complete its business plan in 2017 as well as to leap into rapid, strong and sustainable development phase in the coming years.

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For more information, please contact:

Vietnam Airlines Corporation

Mr. Le Hoang Dung, Spokeperson

Tel: 84.4.38732732 (ext. 2151)

Email: public-relations@vietnamairlines.com