Vinacontrol : Press Release Annual General Shareholder Meeting 2023 Vinacontrol Group

Vinacontrol is the oldest inspection company in Vietnam and the only enterprise in the goods inspection industry operating on the stock exchange. In the 5-year term from 2018 to 2023, the company has always maintained sustainable growth, with annual revenue increasing from the previous year and paying cash dividends of 12-15%. In 2022, Vinacontrol's revenue reached VND 638,216,963,809 (an increase of 7.93% compared to 2021), and post-tax profit reached VND 37,611,162,860 (an increase of 23.17% compared to 2021).

On April 28, 2023, at the International Conference Center, Hanoi, Vinacontrol Group held Annual General Shareholder Meeting 2023 with the participation of the Board of Directors, the Board of Supervisors, the Executive Board, shareholders, and representatives of Vinacontrol Group employees. The meeting approved the Business Performance Report 2022, the operational direction for 2023, and elected members of the Board of Directors and Board of Supervisors for the new term 2023 - 2028.

In a complex and unpredictable economic environment, world economic growth continued in 2022 with high inflation, leading many countries to tighten monetary policies. However, Vietnam's economy still saw a strong recovery, with controlled inflation and large balances ensured. Against this background, Vinacontrol's operations also achieved many good results. Originally the Department of Import-Export Goods Inspection under the Ministry of Commerce(now the Ministry of Industry and Trade - MOIT), Vinacontrol is the oldest inspection company in Vietnam, established in 1957 and equitized in 2005. The company's shares were officially listed on HNX in December 2006. To date, Vinacontrol is the only company in the industry of goods inspection operating on the stock exchange. By the end of 2022, the entire Vincontrol Group had exceeded the shareholder meeting plan, marking another successful year for the company on a 65-year development journey.

• The consolidated revenue on the financial statements reached VND 638,216,963,809 (achieving 107.26% of the plan, equivalent to 107.93% of 2021);
• The total revenue on the general financial statements reached VND 347,594,332,696 (equivalent to 110.99% compared to 2021).
• The post-tax profit on the consolidated financial statements reached VND 37,611,162,860 (achieving 101.65% of the plan, equivalent to 123.17% compared to 2021);
• The post-tax profit on the general financial statements reached VND 36,502,821,845 (equivalent to 112.21% compared to 2021);
• The expected dividend for 2022 is 15% / of charter capital.

To complete the assigned business tasks, the Board of Directors and Executive Committee of Vinacontrol Group have always been determined to pursue the direction of improving service quality, and maintaining traditional service areas; while focusing on investing resources, and equipment to enhance technical capacity at the branch. Therefore, Vinacontrol has maintained growth rate and achieved outstanding achievements in all aspects, fulfilling the tasks set at the 2022 Annual General Meeting of Shareholders.

Based on the analysis and evaluation of the general economic situation and the current status of Vinacontrol's main business sectors, the Board of Directors of Vinacontrol Group has identified some business indicators for 2023 as follows: Total revenue: VND 640 billion, post-tax profit VND 37.8 billion (consolidated financial statements).

In the direction of operation in 2023, Vinacontrol continues to focus on researching and developing new types of services. At the same time, investing in digital transformation, integrating and promoting the application of digital technology in the Group's operations, and utilizing technology to fundamentally change transportation methods, and business models to accelerate business operations as well as provide new value for customers.