The Board of Directors of Nam Kim Steel Joint Stock Company approved the policy to establish a subsidiary and invest in the project of new factory with details as follows: Project name (estimated): Nam Kim Phu My Tole Factory; Location: My Xuan B1  - Dai Duong Industrial zone; Total value of investment: VND 4,500,000,000,000; Subsidiary form: One Member Limited Liability Company; Charter capital of subsidiary: VND 500,000,000,000.