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KINHBAC CITY DEVELOPMENT

HOLDING CORPORATION

GOERTEK SIGNED MEMORANDUM OF UNDERSTANDING (MOU) TO SUBLEASE 62.7 HECTARES AT KBC'S NAM SON HAP LINH INDUSTRIAL PARK

On February 15, 2023, at the Office of People’s Committee of Bac Ninh Province, the MOU signing ceremony on the sub-lease of 62.7 hectares at Nam Son Hap Linh Industrial Park took place between Kinh Bac City Development Holding Corporation (KBC) and Goertek Corporation. Attending the signing ceremony, there were: Ms. Nguyen Huong Giang - Deputy Secretary of Provincial Party Committee, Chairwoman of People’s Committee of Bac Ninh province; Mr. Dao Quang Khai – the member of Standing Committee, Vice Chairman People’s Committee of Bac Ninh province; Mr. Ngo Tan Phuong, Vice Chairman of People’s Committee of Bac Ninh province; leaders of departments and boards of the province, Bac Ninh city, Tien Du district; leaders of Bac Ninh's Industrial Zones Authority; and senior leaders of KBC and Goertek Corporation.

MOU Signing ceremony on the sub-lease of 62.7 hectares at Nam Son Hap Linh Industrial Park between Kinh Bac City Development Holding Corporation (KBC) and Goertek Corporation

Speaking at the ceremony, CEO of KBC, Ms. Nguyen Thi Thu Huong  and  CEO of Goertek, Mr. Jiang Long sent sincerely thanks for the support, accompanying, facilitation to leaders of province, departments, boards, and localities during past years; as well as, wished to receive the attention and the support further, so that the project shall be deployed soon, and achieve goals effectively in the future.

Ms. Nguyen Thi Thu Huong – CEO of KBC at the Ceremony

Mr. Jiang Long – CEO of Goertek at the Ceremony

Nam Son Hap Linh IP with the scale of 306 hectares invested in construction and infrastructure development by KBC, has been one of the typical industrial parks in Bac Ninh province, always take the lead in promoting and attracting investments, especially high-tech investments, contributing significantly to the economic and social development of Bac Ninh province

Goertek Corporation operates in the field of science, precise technology with many members across the world. Until now, over 20 years of establishment and development, Goertek has become strong corporation in science, precise technology area, conquering a series of the largest and the most demanding electronic brands in acoustics, optics, components, precise structures, smart devices and high-end devices.

Goertek Corporation started deploying the first project in Vietnam in 2013 at Que Vo Industrial Park, Bac Ninh province. After 10 years of investment and development, Goertek has been constantly developing and expanding its investment scale at Que Vo Industrial Park massively, has been becoming one of the largest FDI companies with big scale at Bac Ninh province, with the total investment capital of over 625 million USD, creating jobs for more than 40,000 employees.

In 2023, planning to expand the investment scale in Bac Ninh province, Goertek Corporation trusted and chose Nam Son Hap Linh of KBC as investment address for new project with a large scale. Nam Son Hap Linh IP's location is suitable and convenient for Goertek to develop and manage a large – scale production facility complex connecting the project at current Que Vo Industrial Park and the coming project at Nam Son Hap Linh.


At the ceremony, KBC and Goertek agreed to corporate and signed the MOU on sub-lease 62.7 hectares at Nam Son Hap Linh of  Bac Ninh province for Goertek to implement new project for investment and producing on electrical, electronic, multimedia products with large scale. KBC is committed to provide maximum support, also accompanies Goertek Corporation to hand over the land plot as soon as possible, so that the new project will be implemented successfully soon. The investment project promises to be one of the principal projects of Bac Ninh province in 2023, brings many positive value to the economic and social development of Bac Ninh province.

Ms. Nguyen Huong Giang- Deputy Secretary, Chairwoman of People’s Committee of Bac Ninh province at the ceremony

After witnessing the signing ceremony, on behalf of the leaders of Bac Ninh province, Chairwoman of People’s Committee of People’s Committee of Bac Ninh  province said, up to now, Bac Ninh has been the investment destination of big companies from 39 countries and territories in the world. The signing ceremony today is the testament for investment environment of Bac Ninh province where enterprises are not only stable in producing but also continuously develop and expand.

The Chairwomen would like to send sincerely thanks to domestic and foreign enterprises for their trust, their coming to Bac Ninh to start up and invest, create many high income jobs for employees and great contribute to the State Budget of Bac Ninh province in particular and of country in general. Also, the Chairwomen acknowledged and praised Bac Ninh's Industrial Zones Authority, departments, boards, and relevant localities for making great efforts to resolve quickly investment procedures to have signing ceremony today.

In the afternoon of the same day, on the occasion of signing ceremony, Mr. Nguyen Anh Tuan – Member of Central Committee of Communist Party of Vietnam, Bac Ninh Provincial Party Committee Secretary had an intimate meeting with leaders of KBC and Goertek Corporation.

The Provincial Party Committee Secretary expressed his pleasure for welcoming Mr Jiang Long – CEO and senior leaders team of Goertek coming to survey, expand investment in Bac Ninh, especially singing MOU with KBC to implement the new project. This is both a good news and encouragement for the province, also a province’s responsibility, so that Bac Ninh province continue to accompany corporations, share difficulties to lead company invest more successfully at the province. Appreciating Goertek’s contributions to the local development, the Provincial Party Secretary affirmed “Bac Ninh always considers investors’ difficulties as its own, investors’ success as its success, investors’ failure as province’s failure and make the best effort not to let failure happen to business, investors”.

Regarding the project at Nam Son Hap Linh Industrial Park, the province always makes commitment to support business to bring production lines into operation soon, meet demand of businesses as well as contribute to the development of Bac Ninh province. Bac Ninh's province also hoped that the Corporation would continue to direct Goertek Vina to adhere to the province’s investment attraction orientation in the direction of the modern technology, green technology, and smart technology; build corporate culture, payi more attention to the legitimate rights and interest of employees; believe that the cooperation and companionship of Bac Ninh province and Goertek Corporation will continue to create greater success for businesses in Vietnam in general and Bac Ninh province in particular in the future.

KBC's Chairman

Mr. DANG THANH TAM

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