OFFICIAL LETTER NO.39 EXPLANATION ON CHANGE OF PROFIT AFTER TAX QUARTER 3/2018 – Compared to Quarter 3/2017, HIEP KHANH JOINT STOCK COMPANY

October 31, 2018

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Vietnam has always been an agricultural country. For millennia, the lives of the Vietnamese people have always been connected to the land. Unfortunately, the farming method has not changed much in the last hundred years and the lives of farmers have always been harsh. As a result, people have flocked to the big cities, leaving a lot of lands underutilized and many of those who remain have to face extreme uncertainties that come with modernization.

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