SUMMARY OF THE DEVELOPMENT HISTORY

          Grown-up in a family having along tradition of manufacturing wooden shoes, in  1982, Nguyen Thanh Dung by himself established a Wooden shoes manufacturing enterprise wearing his name when he was not yet 20 years old.

        In the role of the main producer and supplier for the national market, at first this seemed very easy, but when the economy changed from the subsidy-based mechanism to the market mechanism, great number of footwear types appeared, and wooden shoes were no more appreciated by consumers.

        In 1994, resolute to resuscitate the family's traditional craft, Nguyen Thanh Dung decided to continue to bring into play and create a new fashion trend in footwear. But, instead of only serving domestic demands and markets, he changed his aims to foreign markets by exporting products on consignment to a third company.

        At first there were only small shipments of merchandise for exploring market, good fortune smiled to his tireless days of labor, the products he launched were welcomed and highly appraised. Order volumes unceasingly grew; after four years of export in the form of consignments he could no more hesitate and decided to follow an independent path. At the end of 2002, Thanh Dung Production & Trading Co., Ltd. officially saw the light. The year 2003 marked a new turning point, Thanh Dung exported the first shipment of products bearing his Trade Mark.

        Afterward, pairs of wooden shoes under Thanh Dung Trade Mark do not cease to tend themselves toward the conquest of diverse countries' markets, in which sales in Japan make up 70 % of total turnover, Europe makes up 25 % the United States the remaining 5 %.

        After having succeeded in foreign markets, he was resolute to  turn back to conquer the domestic market, with the resolution to  bring Vietnamese product to Vietnamese. In September 2005, he established the first subsidiary for the introduction and distribution of products in Ho Chi Minh City, Vietnam. Exactly like his predictions, Thanh Dung Wooden Shoes products win the consumer interest and have created new fashion trend in Vietnam. In order to speed up and meet demands of the domestic market, Thanh Dung continues to establish many subsidiaries in densely populated zone in big cities, and expand its product distribution system so as to come to consumers by the shortest way.

THE DEPENDENT UNITS

THANH DUNG PRODUCTION & TRADING CO., LTD.

Address: 117A 3/2 Str., Dong Tu, Lai Thieu, Thuan An, Binh Duong, Vietnam

Tel:       (84 650) 760888 / 760999

Fax:       (84 650) 759573

E-mail: director@thanhdungco.com

Activities: Transaction, Clientele service, meet and resolve customers' complaints, speed up exports, market research and development, design of new products.

Ø Production workshop 1: 117A 3/2 Str., Dong Tu, Lai Thieu, Thuan An, Binh Duong, Vietnam

Ø Production workshop 1: 49/1A Tong Doc Phuong Str., Long Thoi, Lai Thieu, Thuan An, Binh Duong, Vietnam

Product Exhibition and Distribution Stores :

v Store 3: 158D Pasteur, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam

v Store 4: 477 Nguyen Dinh Chieu, District 3, Ho Chi Minh City, Vietnam

v Store 5: 81 Nam Ky Khoi Nghia, Ninh Kieu District, Can Tho City, Vietnam

v Store 6: 344 Huynh Van Banh, Ward 10 Phu Nhuan District, Ho Chi Minh City,Vietnam