Letter to shareholders

30th March 2022 - 7:00

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On March 29, 2022, the Ministry of Public Security prosecuted the case against Mr. Trinh Van Quyet, Chairman of the Board of Management (BOM) of Bamboo Airways Joint Stock Company. Regarding the case, Bamboo Airways Joint Stock Company would like to have an official release as follows.

The case is related to Mr. Trinh Van Quyet’s stock-exchange transactions recently. However, the case is still in the initial investigation process with no official conclusion. Mr. Trinh Quyet has coordinated with the competent authorities for investigation.

For any avoidance of doubt, Bamboo Airways Joint Stock Company is not involved and /or has no relevant activities to the case. Accordingly, the case does not affect or change the crucial orientations of Bamboo Airways Joint Stock Company in operation, commercial business, and sustainable development in the near future. It also does not affect the legal interests and entitlements of customers, shareholders as well as partners having transactions with the Company.

To reduce possible risks and ensure the regular operation of Bamboo Airways Joint Stock Company, Mr. Trinh Van Quyet authorized Mrs. Vu Dang Hai Yen, Deputy General Director of FLC Group, on behalf of Mr. Trinh Van Quyet perform the tasks and entitlements of the Chairman of the BOM of Bamboo Airways Joint Stock Company; as well as shareholder entitlements under the law and the company’s charter. Mr. Trinh Van Quyet also authorized Mrs. Vu Dang Hai Yen to have all entitlements related to his properties.

In addition to this decision, the Board of Directors of Bamboo Airways Joint Stock Company promptly discussed and proposed measures and plans to ensure the seamless operation of the Company in the new period.

In 2021, despite the considerable impacts of large-scale pandemic outbreaks and lockdown, Bamboo Airways Joint Stock Company still made many milestones in operation. Those are to become one of few airlines to launch domestic and international routes among which are the first-ever routes in the Vietnamese aviation industry, constantly expand its fleet, standardize international 5-star oriented services, and inaugurate First Lounge at important airports.

In an attempt to expand the network to 120 routes, including 80 domestic routes and 40 international routes right in 2022, Bamboo Airways Joint Stock Company targets to hold 30% of the domestic market share.

Bamboo Airways Joint Stock Company sincerely apologizes to Shareholders, Partners, and Customers for the unfortunate incident. We look forward to continuing to receive the valuable support and trust that you have placed in us for all those times.

Thank you.