MASAN HIGH-TECH MATERIALS TO FORGE A STRATEGIC ALLIANCE WITH MITSUBISHI MATERIALS: MMC TO INVEST US$90 MILLION FOR A 10% STAKE IN MHT

Ho Chi Minh City, 26 October 2020 – Masan High-Tech Materials Corporation (“MHT” or the “Company”) signed definitive agreements to establish a strategic alliance in the tungsten industry with Mitsubishi Materials Corporation (“MMC”) with an objective to develop a leading, high-tech tungsten materials platform. As part of the strategic alliance, MMC will subscribe for 109,915,542 newly issued ordinary shares via a private placement for a total cash consideration equivalent to US$90 million (the “Strategic Investment”). On completion of the transaction, MMC will own 10.0% of the fully diluted share capital of the Company and becoming the second largest shareholder.