3 Asean Small Cap Fund CA5503 1,068,090 7.21 (Source: TNG Investment and Trading JSC) List of founding shareholders and percentage of holding (as of 4th June 2014) SN Name ID Number Address Number of shares Percentage (%) 1 Nguyen Van Thoi 090117808 Thai Nguyen 2,155,947 14.56 Tổng 2,155,947 14.56 (Source: TNG Investment and Trading JSC) Shareholder structure as of 4th June 2014 SN Shareholders Number of shares Value (VND) Percentage (%) 1 Founding shareholders 2,155,947 21,559,470,000 14.56% 2 Common shareholders 12,651,468 126,514,680,000 85.44% 1 Domestic shareholders 12,796,384 127,963,840,000 86.42% 2 Foreign shareholders 2,011,031 20,110,310,000 13.58% 1 Institutional shareholders 2,550,306 25,503,060,000 17.22% 2 Individual shareholders 12,257,109 122,571,090,000 82.78% Total 14,807,415 148,074,150,000 100.00% (Source: TNG Investment and Trading JSC) of parent companies, subsidiaries, associated companies Parent companies: nil Subsidiaries: nil Associated companies: Bac Thai Electric Construction Company: Address: Hoang Van Thu district, Thai Nguyen city Telephone: 02803 858544 Main business: building projects regarding electric grid Number of holding: 98,000 shares Holding percentage: 49% charter capital TNG Fashion JSC:
4 Carton box m2 1,000,000 2,500,000 4,500,000 5 PE, PP bag Ton 50,000 150,000 250,000 6 Industrial laundry Item 8,000,000 6,000,000 6,500,000 7 Industrial printing 550,000 2,000,000 8 Industrial embroidery 3,000,000 2,700,000 2,000,000 (Source: TNG Investment and Trading JSC) Images of the Company’s jackets and cargo shorts: (Source: TNG Investment and Trading JSC) Images of TNG showroom chains
Trademark The Company’s trademarks LIMA and TNG have been registered with related authoritative agencies. In addition, with the Company’s position and prestige, it was contracted to produce renowned trademarks such as The Childrensplace, Columbia Sport wear, Julio, Lolitog, Target,...by its customers. The Company has registered logo TNG at Vietnam’s Intellectual Property Office. Big contracts under execution or commitment Unit: 1,000 USD SN Partner Contract Value Goods 1 THE CHILDREN'S PLACE 01 - TNG/TCP14 (18/12/2013) 20,250 Shorts 2 COLUMBIA WEAR 01312013 (03/01/2013) 20,000 Jackets 3 CAPITAL GARMENT 01 – CAP14 (07/12/2013) 6,500 Jackets 4 OXYLANE ( DECATHLON) 01 TN - PRO/13 24,500 Jackets 5 TARGET 01/TNG – TAR (02/01/2014) 2,330 Women jackets 6 ASH CITY 01 TNG – ASH 5,000 Women jackets 7 C&A 01TN – C&A 15,000 Jackets 8 ASMARA 01TN - ASM(21/03/2014) 7,600 jackets (Source: TNG Investment and Trading JSC) Report on business results Summary on criteria of the Company’s business in 2012, 2013 and 9 months 2014 Business results Unit: million dong SN Criteria 2012 2013 9 moths 2014 1 Revenue 1,209,220 1,180,295 1,029,689 2 Profit from main business 23,391 15,390 48,367 3 Other profit 73 1,801 776 4 Profit before taxes 23,464 17,191 49,143 5 Profit after taxes 21,882 14,057 40,094 6 Dividend payout over Profit (%) 98.43% 95.76% (Source: TNG’s financial statements in 2012, 2013 and Quarter III/2014)
1998 –2008: Chief Accountant, TNG Investment and Trading JSC 2009 - now: Member of BOD and Deputy CEO, TNG Investment and Trading JSC Current position Member of BOD and Deputy CEO, TNG Investment and Trading JSC Con-current positions in other organizations No Law violations No Number of the Company’s shares 157,501 shares Number of shares owned by related people No Loans taken from the Company No Renumerations and fringe benefits Renumeration received in 2013: 329,971,241VND Related interests to the Company No Mr. Nguyen Duc Manh - Member of BOD Full name NGUYEN DUC MANH Gender Male Date of Birth 03/11/1983 Nationality Vietnam Ethnicity Kinh Hometown Thai Nguyen city Residence Address Phan Dinh Phung district, Thai Nguyen city Personal Indentification Number 090882528 Qualifications Bachelor of Information Techonology, Bachelor of Foreign Languages Working experience 2007 - 2012: Member of BOD and CEO, TNG Investment and Trading JSC 2013 – 8/2014: Member of BOD and Deputy CEO, TNG Investment and Trading JSC
shares owned Number of shares owned by related people No Loans taken from the Company No Renumerations and fringe benefits Renumeration received in 2013: 180,039,475 VND Related interests to the Company No Ms. Bui Thi Tham – Member of BOS Full name BUI THI THAM Gender Female Date of Birth 07/05/1959 Nationality Vietnam Ethnicity Kinh Hometown Ha Noi Residence Address Phan Đinh district, Thai Nguyen city Personal Indentification Number 091592450 Qualifications Bachelor of Economics Working experience 1980 – 2007 : Staff, TNG Investment and Trading JSC 2008 – now : Member of BOS, TNG Investment and Trading JSC Current position Member of BOS, TNG Investment and Trading JSC Con-current positions in other organizations No Law violations No Number of the Company’s shares owned 110,660 shares Number of shares owned by related people No Loans taken from the Company No Renumerations and fringe benefits Renumeration received in 2013: 234,035,245 VND Related interests to the Company No
Qualifications Bachelor of Economics Working experience 1992 – 2012 Staff, TNG Investment and Trading JSC 2013 – nay Chief Accountant - TNG Investment and Trading JSC Current position Chief Accountant - TNG Investment and Trading JSC Con-current positions in other organizations No Law violations No Number of the Company’s shares owned 128,912 shares Number of shares owned by related people No Loans taken from the Company No Renumerations and fringe benefits Renumeration received in 2013: 320,000,000 VND Related interests to the Company No 14. The Company’s fixed assets as of 30/06/2014 Unit: million dong SN Assets Original price Depreciation (provision) Residual value (30/6/2014) 1 Tangible assets 695,096 225,931 469,165 - Buildings and structures 413,903 65,854 348,049 - Machines and equipments 264,893 150,417 114,476 - Means of transportation 12,228 7,076 5,152 - Management device 3,812 2,414 1,398 - Other fixed assets 259 169 90 2 Assets on lease 45,664 13,564 32,100 3 Intangible assets 45,634 4,563 41,071 4 Construction in progress 32,000 0 32,000 818,394 244,058 574,336 (Source: Audited 6 2014 financial statements of TNG) 15.Lands and factories SN Location Usage purpose Total area (m2) Usage duration (year) Notes
Basing on the business performance in 2013, the Company made its business plan for 2014 as below: SN Item Year 2013 Year 2014 (Planned) % Up/down 1 Revenue 1,180,295 1,426,000 20.82% 2 Profit after taxes 14,057 50,000 255.69% 3 Profit after taxes/ Revenue 1.19% 3.51% 194.40% 4 Dividends 10.00% 20.00% 60.00% (Source: TNG Investment and Trading JSC) Bases for realizing profit plan First, TNG has many customers and markets, as from 2012 to now, TNG has conducted consistent customer policies and is trusted. In 2014, under the positive impact of TPP, the orders tend to be switched to Vietnam and TNG remains the first choice of big customers. In reality, since the beginning of the year, the factories have confirmed orders till end of Auguest 2014, and the Company is selecting good orders to avoid over capacity, the rest will be contracted to other garment units. Second, the investments on fixed assets of TNG Song Cong, TNG Phu Binh will be at full capacity of machines and equipments invested in the previous phase and the workers in TNG will increase; there will be less labour fluctuations as TNG has prestige to workers and people in Thai Nguyen province. Third, the production capacity of 10 garment branches will be increased, at the same time TNG Dai Tu Garment Factory with 27 assembly lines will be put in operations in Quarter II 2014, increasing 132 assembly lines to 172 in 2014 (44 more lines). Forth, good management and risk control will reduce costs and increase revenue and profit. Evaluation of consultant on the profit and dividend plans of the Company As the consultant, we evaluate the business TNG Investment and Trading JSC in 2014-2016 as below: After researching the collecting information and analyzing the current financial situation of TNG Investment and Trading JSC, Tan Viet Securities JSC thinks that the profit and dividend plans of TNG for 2014-2016 is suitable and feasible unless there is unusual volatilities and force majeures affecting the Company’s business. We note that the above remarks are made under the view of a consultant basing on the collected information which is selective and basing on financial and securities theories and without implications that the price share will be ensured or that the forecasts are sure. These