Tu Liem Urban Development Joint Stock Company Approves Appointment of Dinh Duc Tiep as Chief Executive Officer

Tu Liem Urban Development Joint Stock Company (LIDECO) is a Vietnam-based company engaged in the real estate industry. The Company develops and operates new urban areas, residential areas and industrial zones. It also provides construction service for such projects, including power transmission systems, as well as architectural and engineering services. In addition, the Company offers property management and other real estate services. It also trades construction materials and construction machinery and equipment as well. During the year ended December 31, 2012, 89.42% of the Company's revenue came from real estate trading. As of December 31, 2012, the Company had four subsidiaries, two affiliates and two enterprises.