VINACONEX ANNOUNCES LEADERSHIP APPOINTMENTS AND PRESENTS BOARD DECISIONS

The ongoing restructuring of key leadership positions within the Board of Directors and the Board of Management continues to affirm VINACONEX's commitment to innovation enhancing corporate governance, meeting development requirements while aiming for sustainable growth and an elevated market position.

Based on the Corporation's development orientations and business requirements, on the morning of May 5, 2026, VINACONEX Corporation held a formal ceremony to announce the Resolutions and Decisions regarding restructuring leadership and executive positions within the Board of Directors and the Board of Management.

The ceremony had the attendance of Mr. Dao Ngoc Thanh, Chairman of the Corporation's Strategic Council; members of the Executive Party Committee, members of the Board of Directors, members of the Board of Management, heads of functional departments, representatives of the Trade Union and Youth Union, leaders of subsidiary units, and VINACONEX employees.

At the ceremony, the Corporation's Board of Directors announced the decision to elect Mr. Nguyen Xuan Dong, Board member and General Director of the Corporation, as Chairman of the Board of Directors for the 2022-2027 term, effective May 5, 2026.

At the same time, the Board of Directors announced the decision to appoint Mr. Pham Thai Duong, a Civil Enginee with an MBA and currently Deputy General Director, as General Director and Legal Representative of the Corporation for a five-year term, effective April 28, 2026.

Speaking at the ceremony, Mr. Dao Ngoc Thanh congratulated the newly appointed leaders. He expressed confidence that, given the experience, capability, and long-standing commitment to the Corporation, Mr. Nguyen Xuan Dong would be the ideal leader to guide VINACONEX toward stable growth and a stronger market presence.
Mr. Thanh also commended the capabilities of the new General Director, Mr. Pham Thai Duong, and expressed expectations that he would continue to demonstrate responsibility and decisive leadership, contributing effectively to the Corporation's goals in the coming period.

In his remarks, Mr. Nguyen Xuan Dong expressed his deep to the Board and the entire workforce for their trust and companionship over the years. He pledged to foster unity, strengthening internal resources, and refine governance standards to continuously improve operational efficiency and elevate the VINACONEX brand.

In his acceptance speech, Mr. Pham Thai Duong called the appointment both an honor and a great responsibility. In his new role, he is committed to working closely with the management team to boost business performance, tighten corporate discipline, accelerate digital transformation, and prioritizing workforce development. He emphasized the need to boldly adapt and innovate to thrive in the new era of growth.

This leadership transition marks an important milestone for VINACONEX. By proactively aligning its executive team with future growth requirements, the Corporation is strengthening its organizational foundation. This restructuring leaves VINACONEX well-positioned to boost competitiveness, adapt flexibly to market volatility, and successfully deliver on its strategic goals for sustainable development.