NOBASHI
NOBASHI VANNAMEI
RAW
HO CENTRAL PEELED BT
COOKED
COOKED PDTO VANNAMEI
PRE-FRIED SHRIMP
FRITTER VANNAMEI
VEGETABLES
GINGER
VEGETABLES
BÍ NHẬT
NOBASHI
NOBASHI VANNAMEI

THE COMPANY’S ACTIVITY SITUATION IN THE FIRST 10 MONTHS OF THE YEAR

In October, the Company’s business activity becomes much better. The consumption has stabilized though U.S market is in surplus of goods due to good harvest of shrimps in all over the world; Japanese market is controlling severely against imported foods.

After Russian government permits FMC’s products to be imported into its market, business relationship with its customers is promptly resumed and FMC’s first container of goods in the new stage is on the way to S-Petersburg port. Korean customers have increased sharply purchasing volume since they evaluate highly FMC’s products. Although FMC’s export turnover in October is only approximately USD 6 million (as quantity of products concluded with U.S customers hasn’t been shipped out), profit the Company gets is over VND 5 billion, which contributes to the Company’s total profit in the first 10 months of the year reaching about VND 22 billion. This is an optimistic signal in much difficult shrimp business context in year 2007.

On the other hand, mentioned projects is being overcome difficulties encountered. Vegetable processing factory will be executed in this December, after spending a long time for looking for consumption markets, customers from many countries and for experimental cultivation of agricultural products. As for project of fish processing factory, if local government can effect their promise, 24 hectares of land will be transferred to FMC in this December to build fish processing factory and farming ponds.

Shares increasing charter capital (adopted by General Meeting of Shareholders in early 2007) to create source of capital financing above-mentioned projects are basically accepted by investors.

With such optimistic signals, we have right to believe that FMC’s front is basic advantages to achieve better and better activity outcomes.