On October 16, 2018 at Gala Royale Event Hall, No.63 Mac Dinh Chi, Da Kao ward, District 1, HCMC, Construction Joint Stock Company 47 (C47) held the Conference“Vigorous Changes of C47”in companion with the support andconsultancy of HCMC Securities Corporation (HSC).The Conference has been attracted over 150 attendees and investors.

Within the Conferenceframework, the Board of Directors and the Board of Management of C47 straightforwardlyshared and clarified the outstandings from the customers on the Company’s activities in the recent time and the development trend in the next time. With the orientation of personnelreconstructionsince the 2018 General Meeting of Shareholdersdated April 22, 2018 has been officially passed, the initial results achieved the positive signs such as the salary fund has fallen sharply from 30% of the revenue dropto 15% of the revenue in the second quarter; Number of the functional departments decreased from 9 to 6, number of the construction enterprises have beenreduced to 6 from 15, and the employees decreased from 1132 to 852 people, but still secured the construction capacity for thebig-scale projects. As a result of this reconstruction, boosting the turnover of the Company toincrease, reduce the employees each of them will be received higher salary, then will be utterly dedicated to their’s work. This is really a transition step for C47 to developmore and more in the near future.

Some photos at the Conference: