PRESS RELEASE REGARDING THE INSPECTION CONCLUSION ON "COMPLIANCE WITH THE LAW IN EQUITIZATION AND DIVESTMENT OF STATE CAPITAL"

• Dear Shareholders and Customers of DIC Group;
• Dear Press Agency.

On August 27^th, 2024, the Government Inspectorate issued the Notice of inspection conclusion No. 1764/TB-TTCP on "Compliance with the law in equitization and divestment of state capital at the Development Investment Construction Company (now Development Investment Construction Joint Stock Company)". In this regard, Development Investment Construction Joint Stock Company (DIC Group, stock code DIG) would like to respond to the official information as follows:

I. Positive results in the process of equitization and divestment of state capital at DIC Group:

According to the Notice of Inspection Conclusion No. 1764/TB-TTCP, the Government Inspectorate stated:

"The process of equitization of the Development Investment Construction Company and the divestment of state capital at the Development Investment Construction Joint Stock Company has 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 enterprises; from the time of conversion to a joint stock company till the divestment of all state capital, the charter capital of Development Investment Construction 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, 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...".

II. Regarding the implementation of recommendations from inspection conclusions:

Implementing the direction of the Minister of Construction in Plan No. 4559/KH-BXD dated August 13^rd, 2024 of the Ministry of Construction on the implementation of Conclusion No. 1288/KL-TTCP, DIC Group has developed the "Plan to implement the Inspection Conclusion No. 1288/KL-TTCP dated June 20^th, 2024 of the Government Inspectorate on the observance of the law in equitization and divestment of state capital in the Group DIC" (Document No. 110/KH-DIC Group-HDQT, dated August 28^th, 2024).

Accordingly, DIC Group determines the content and time of implementation of all recommendations & conclusions No. 1288/KL-TTCP as follows:

• Regarding the fulfillment of financial obligations, DIC Group shall pay an amount of VND 2,467,707,028 for violations in determining the value of assets on land specified in Appendix No. 3 attached to Conclusion No. 1288/HL-TTCP before September 25^th, 2024.
• Regarding the review of organizational and individual responsibilities: DIC Group will coordinate with the Ministry of Construction to carry out an administrative review according to the Inspection Conclusions before September 25^th, 2024.

From the perspective of businesses, DIC Group is well aware of the inspection activities of the Government Inspectorate in particular and competent state agencies in general, contributing to helping enterprises build and strengthen the operating and corporate governance systemin accordance with the policies of the Party, State and Law.

DIC Group affirms that it always pursues the principles of operating in respect of the law, transparency, honesty, and protection of the interests of shareholders and customers.

Also through this Statement, DIC Group provides official and specific information related to the Inspection Conclusions of the Government Inspectorate. On August 28^th, 2024, a number of websites posted incomplete information about the Inspection Conclusions, leading to information disturbances, seriously affecting DIG stocks in particular and the Vietnamese stock market in general. Therefore, DIC Group asks shareholders to be calm, selective in information, to preserve their interests and continue to accompany the business as in the past.
 

Best regards,

DIC GROUP