Dear investors, Hoa Phat Group (HPG) 2024 Shareholders’ Meeting Update Report in the attached file with the following content:

Business plan 2024: expected revenue reaches 140,000 billion VND (+17.7% of sales), expected profit after tax reaches 10,000 billion VND (+47% of sales).
Dividend information: Expected to pay stock dividends for 2024 at a rate of 10%, thereby increasing charter capital to VND 63,962 billion.

Big projects
• When Hoa Phat Dung Quat 2 Complex comes into operation, it is expected to bring the group’s revenue to 200,000 billion VND, with the goal of running at maximum capacity by September 2026 with a total HRC output of 5.6 million tons/year. year.
• Mr. Tran Dinh Long – Chairman of Hoa Phat Group – said that the group is researching making steel for high-speed rails with an expected speed of 850km/h.
• Chairman of Hoa Phat Group also revealed that the Group is researching the production of silicon corrugated iron – a raw material for producing electric motors for electric cars, determined to do it from start to finish.

Other highlights
• Continue to initiate anti-dumping investigations on steel. HPG expressed that the group is confident in meeting domestic steel demand and strongly opposes importing steel into the country at very low prices.
• In 2024, HPG aims to complete and put into operation a Container factory with a total capacity of 500,000 TEU/year. With this capacity, Hoa Phat is the largest container shell manufacturer in Vietnam as well as Southeast Asia.
• In addition, in the next 5-10 years, Hoa Phat still wants to devote all its efforts to steel production and will suspend the bauxite production research project in Dak Nong.

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