Department of Planning and Investment of Thanh Hoa Province issued on October 13, 2021 its notice of its notice of bid invitation for project of    Hot mineral resort urban area in Quang Yen Commune, Quang Xuong District with details as follows:

Procuring agency: Department of Planning and Investment of Thanh Hoa Province

Project name: Hot mineral resort urban area in Quang Yen Commune, Quang Xuong District “Notice ref No 20211034339 - 00. Date of publication: 13/10/2021 08:15"

Project's investment objectives: Investing in the synchronous construction of technical infrastructure – social infrastructure, housing, entertainment facilities and other construction works under the Project to serve the needs of residential land, housing, tourism, health care, entertainment and other needs of local people, visitors; contributing to embellish the urban face and promoting the socio-economic development of the locality

Scale of the project investment: Investing in synchronous technical infrastructure, social infrastructure, housing and other construction works in accordance with the approved detailed construction planning of the Project (Decision No. 3546/QD-UBND dated September 10th, 2021 by the Chairman of People’s Committee of Thanh Hoa Province), (the detail of items is stated in the attached document)

Preliminary total project implementation cost: VND 6.161.384.000.000

Compensation, support and resettlement expense: VND 687.526.000.000

Summary of the basic requirements of the project: The investors are responsible for investing in the synchronous construction works in accordance with the approved detailed project planning (including items stated in scale of the project investment). After investment in completion of technical and social infrastructure works (community houses) of the Project, the investors shall hand over these construction works to the State for management and use as prescribed. For townhouses, detached villas, duplex villas, quadrangele villas, apartment buildings, management and administration houses, preschools, inter-schools, Onsen Community, Japanese food center, VIP Onsen Area, event area and theme park of the Project, after investment in completion of the Project as prescribed, the selected investor is entitled to manage, trade and exploit under the lawful regulations

Investment duration and schedule: The operation term of the Project: 50 years (from the date on which the investors are granted the decision on land allocation, the decision on land lease, and the decision on change on land use purpose); the buyers of houses attached to land use rights are entitled to use the land stably for a long term under the law on land. - Project investment progress: No more than 4 years (from the date of approving investor selection or investor approval results); Expected progress: from 4th quarter of 2021 to 4th quarter of 2025

Project location: Located in the administrative boundary of Quang Yen Commune, Quang Xuong District, Thanh Hoa Province; with the following specific boundaries: - North: Adjacent to National Highway 45; - South: Adjacent to B22 irrigation canal and traffic road of Chin Canh Hamlet; - East: Adjacent to Ly River; - West: Adjacent to traffic road of Yen Binh Hamlet

Land area: About 995,663 m2

Land use's purpose: In accordance with the decision on land allocation or land lease issued by the competent authority

Approved planning criteria: Under Decision No. 3546/QD-UBND dated September 10th, 2021 by the Chairman of People’s Committee of Thanh Hoa Province with the total land area of 995,663.35 m2 (please find the detail of planning criteria in the attached document)

Deadline for investors to submit their project implementation registration document:18/11/2021 10:00

Address, phone number, fax number of the Department of Planning and Investment: Department of Planning and Investment of Thanh Hoa Province, No. 45B, Le Loi Avenue, Lam Son Ward, Thanh Hoa City, Thanh Hoa Province. Phone number: 02373854427; Fax number: 02373851451

Other information: Current status of the land: Land for rice cultivation, land for cultural house, residential land, land for traffic and irrigation, and cemetery land