DIC GROUP AIMS TO CELEBRATE THE 35TH ANNIVERSARY OF ITS ESTABLISHMENT

In 2025, DIC Group (HoSE: DIG) will reach 35 years of development. From a small company under the Ministry of Construction, DIC Group has risen strongly, establishing its position in the Top 10 Real Estate Investors in Vietnam.

IMPORTANT MILESTONES IN THE JOURNEY OF SUSTAINABLE DEVELOPMENT

Established in 1990, the predecessor of DIC Group is a small company under the Ministry of Construction in Vung Tau city. With dynamism, always pioneering in the renovation process, in 2003, the enterprise was selected by the Government as one of the first units under the Ministry of Construction to operate on a pilot basis under the model of Parent Company - Subsidiary.

By the first quarter of 2008, the enterprise completed the equitization, opening up many advantages in the initiative of capital sources and scope of operation.

On August 19^th, 2009, the company officially listed its shares on the Ho Chi Minh City Stock Exchange with the stock code DIG. The successful listing of shares has created many opportunities for growth.

Overview of the 2024 Annual General Meeting of Shareholders.

November 28^th, 2017 marked an important turning point in production and business activities after the state successfully divested all its capital to the model of a private economic group.

In addition, the contents related to the equitization and divestment of State capital in the enterprise have been inspected and audited... and state management agencies such as the Ministry of Finance, the Ministry of Construction, the Government Inspectorate have inspected, guided, participated in opinions as well as investigations of the Public Security Agency concluded that DIC Group complied with regulations and reported to the Prime Minister.

On August 23^rd, 2024, the Government Inspectorate held a public inspection conclusion on "Compliance with the law in equitization and divestment of state capital at Construction Investment and Development Company (now Construction Investment and Development Joint Stock Company)", which clearly stated: "The process of equitization of the Development – Construction Investment Company and the divestment of state capital at the Construction Investment and Development Joint Stock Company have been paid attention to by the Ministry of Construction, achieving positive results, mobilizing resources from all sectors of the investment economy to improve the financial capacity and efficiency of the enterprise; from the time of conversion to a joint stock company to the divestment of all state capital, the charter capital of Construction Development Investment Joint Stock Company increased from VND 370 billion to VND 2,381,948 billion, total assets also increased from VND 2,318.9 billion at the time of conversion to a joint stock company to VND 6,133.1 billion at the time of September 30^th, 2017 before divesting all state capital; dividends are distributed to the state capital of over VND 400 billion, the value of the state capital from equitization to divestment increases from VND 240 billion to VND 1,182 billion after divestment and remitted to the Enterprise Restructuring and Development Support Fund with an amount of over VND 2,274 billion, capital surplus of VND 1,092 billion. The equitization and divestment ensure the progress on time according to the guidelines and directions of the Government and the Prime Minister...".

From 2018 to now, it is the most strong transformation period of DIC Group in restructuring the apparatus and focusing on investment in real estate development with two fields: 'urban real estate' and 'tourism and resort real estate'.

Developing the Party organization in the enterprise has always been a priority task of DIC Group.

After becoming a private economic group, DIC Group continued to maintain Party Committee organizations; Trade Union and Youth Union with many practical activities. Currently, the Party Committee structure of DIC Group includes 15 party cells with 254 party members. The Party Committee in DIC Group increasingly affirms its position and role, propagating and mobilizing workers to implement the Party's guidelines, policies and laws of the State. Accordingly, DIC Group continues to closely follow the Party's major policies, prioritizing the development of Party organizations in the enterprise. During the 2020 - 2025 term, the DIC Group Party Committee has set a target of admitting 50 new party members.

Business development associated with community interests and the implementation of social responsibility are the operating principles of DIC Group.

ACCELERATING THE COMPLETION OF THE PRODUCTION AND BUSINESS PLAN IN 2024

Approaching the 35th anniversary of its establishment (26/5/1990 – 26/5/2025), DIC Group has organized the emulation launch with the three main stages: Kick-off (01/8/2023 – 31/12/2023); Total Force (01/01/2024 – 31/12/2024) and Finishing Line (01/01/2025 – 26/5/2025).

With the Kick-off period, in the last months of 2023, DIC Group accelerated quite well, made a breakthrough in cash flow, completed capital arrangements of over VND 4,000 billion, increased total assets to VND 16,827.6 billion... creating a favorable premise for the 2024 fiscal year.

DIC Nam Vinh Yen City Urban Area in Vinh Phuc helps creating the urban appearance of Vinh Phuc province.

Entering the Total Force phase, in 2024, DIC Group sets a production and business plan for 2024 with total consolidated revenue: VND 2,300 billion (up 72% compared to 2023); consolidated pre-tax profit: VND 1,010 billion (up 508.9% compared to 2023).

DIC Victory City Hau Giang Urban Area affirmed DIC Group's pioneering position in investing in the construction of satellite urban areas.

In the context of falling interest rates and returning market confidence, DIC Group's qualified real estate products are always in high demand. In addition, business plans and arising issues have been carefully calculated when submitting the 2024 production and business plan to the General Meeting of Shareholders for approval.

Dai Phuoc Eco-tourism Urban Area (scale of 464ha) is being invested in and built to become a modern model urban area.

DIC Group's profit in 2024 is based on business plans and accounting from product transfers at projects: Dai Phuoc Eco-tourism Urban Area (Dong Nai); Lam Ha Center Point Residential Area (Ha Nam); DIC Nam Vinh Yen City Vinh Phuc New Urban Area; DIC Victory City Hau Giang Urban Area; Hiep Phuoc Residential Area project; Vung Tau Gateway Apartment project; CSJ project phase 1 with high feasibility. Accordingly, the enterprise has settled legal procedures in the second quarter of 2024 as a basis for accounting for targets in the last six months this year to ensure that consolidated profit before tax reaches VND 1,010 billion.

Mr. Nguyen Hung Cuong – Chairman of DIC Group shared: "With 34 years of development and clear strategic planning, DIC Group is determined to complete the plans set out to turn into a dragon in 2024 and take off to celebrate the 35^th anniversary of DIC Group in 2025".

Media and Communication Department