PRELIMINARY MEETING ON BUSINESS IN THE FIRST 6 MONTHS OF 2024

On the afternoon of June 14^th, 2024, DIC Group held a preliminary meeting to review the business of the first 6 months of 2024. Mr. Nguyen Quang Tin – General Director of DIC Group chaired the meeting.

On the basis of production and business results in 2023, the General Meeting of Shareholders approved the production and business plan for 2024 with total consolidated revenue: VND 2,300 billion (up 72% compared to 2023); consolidated profit before tax: VND 1,010 billion (up 508.9% compared to 2023).

According to the published Financial Report for the first quarter of 2024, businesses face technical risks when returning goods. However, DIC Group has recovered growth from the second quarter of 2024. In the context of declining interest rates, market confidence is returning, DIC Group's business-eligible real estate products are always attractive.

In addition, business plans and arising issues have been carefully calculated when submitting to the General Meeting of Shareholders for approval of the production and business plan in 2024. Accordingly, DIC Group's profit in 2024 is based on the business plan and accounting from the transfer of products at the following 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.

Within the framework of the meeting, the Board of Directors of DIC Group exchanged production and business information and legally recognized the projects with prosperous progress. Accordingly, the enterprise has continued to make efforts to settle legal procedures in the second quarter of 2024 as a basis for accounting for targets in the last 6 months of the year to ensure that consolidated profit before tax reaches VND 1,010 billion. Mr. Bui Van Su - Chief Accountant of DIC Group said that in the condition of favorable progress of handover and transfer of projects, in the second quarter of 2024, it is expected that consolidated revenue will reach VND 874 billion; consolidated profit before tax reached VND 160 billion.

Media and Communication Department