INFORMATION DISCLOSURE OF ESTABLISHING THE STRATEGY COUNCIL OF VINACONEX.,JSC

Hanoi, July 26, 2024

Dear Esteemed Shareholders, Customers, Partners, and Press Agencies,

VINACONEX Joint Stock Corporation (VINACONEX) would like to extend sincere appreciation to our Shareholders, Customers, Partners, and Press Agencies for the unwavering support and companionship. Your continued encouragement has been a vital source of motivation, helping VINACONEX overcome obstacles and challenges in our pursuit of “Build your values, inspire your dreams”.

Following the transition to a non-state enterprise, under the guidance of the Party Committee, Board of Management, Advisory Council, and the drastic direction of the Board of Directors, VINACONEX Corporation has completed the first phase of its 5-year development plan (2019-2023) with remarkable achievements. The production and business activities have not only been maintained but also experienced substantial growth in scale and efficiency. The VINACONEX brand remains a leading figure in the construction industry, our flag prominently displayed on key national projects.

As we embark on 2024, the start of our next 5-year development period (2024-2028), VINACONEX remains steadfast in pursuing development goals in three key areas: construction - real estate - financial investment.

Recognizing the ongoing obstacles in the macro economy and business operations, VINACONEX has established a Strategy Council to invest in research and strategic business planning. That would enable us to adapt flexibly to unpredictable market changes, anticipate future development trends, and ultimately achieve sustainable growth and new milestones.

Pursuant to the mentioned-above objectives, on July 26, 2024, VINACONEX’s Board of Directors issued a Resolution approving the establishment of a Strategy Council, led by Mr. Dao Ngoc Thanh, the Secretary of the Corporation's Party Committee. The Strategy Council aims to thoroughly research, assess the Corporation's production and business activities and propose strategic directions for future development. The Board of Directors also approved the resignation of Mr. Dao Ngoc Thanh from his position as Chairman of the Board of Directors for the 2022-2027 term from July 26, 2024, as his desire of dedicating himself to this strategic role. VINACONEX believes that in his roles as Party Secretary and Strategy Council Chairman, Mr. Dao Ngoc Thanh would continue to be a pivotal figure in shaping the Corporation's sustainable development strategy.

Following Mr. Dao Ngoc Thanh’s resignation, Mr. Nguyen Huu Toi has been appointed as the new President of VINACONEX Corporation’s Board of Directors for the 2022-2027 term, effective from July 26, 2024. The Board of Directors has full trust in Mr. Nguyen Huu Toi's abilities, qualifications, reputation, and significant contributions to the Corporation's growth over the years. 

Mr. Nguyen Huu Toi, currently serving as a member of the Board of Directors and Deputy General Director of VINACONEX, has over 40 years of experience, through various management and executive positions in Member Companies to Holding Company. He is recognized as a leading manager at VINACONEX in the construction sector, consistently excelling in his assigned tasks and earning the trust and respect of leadership, employees, and workers. Over the past five years, Mr. Nguyen Huu Toi has demonstrated exceptional leadership and management skills in the construction and erection industry, contributing to VINACONEX's reputation as a leading brand in constructing major transport infrastructure projects nationwide. With a deep understanding of VINACONEX's culture and people, Mr. Nguyen Huu Toi is well-positioned to leverage his expertise and experience alongside the Board of Directors and Executive Board to help achieve the corporation's future objectives.

The recent Resolutions on organization and personnel reflect the vision and determination of VINACONEX's Board of Directors to develop a professional management model. The goal is to achieve sustainable growth while upholding Vinaconex's business philosophy and core values.

The establishment of the Strategy Council with all members of the Board of Directors and the Executive Board, demonstrates the unity and consensus within the leadership in shaping and overseeing crucial policies and decisions across all Corporation activities, enhancing the capabilities, strengths, and responsibilities of each BOD member, ultimately positioning VINACONEX as a leading economic corporation in Vietnam's construction and real estate, prioritizing sustainable growth, worker well-being, shareholder returns, social responsibility, and national development.

VINACONEX Joint Stock Corporation