IJC discloses Consolidated Financial Statements Second Quarter 2025

Ký bởi: CÔNG TY CỔ PHẦN PHÁT TRIỂN HẠ TẦNG KỸ THUẬT

Email: info@becamexijc.com

Ngày ký: 16/07/2025 14:09:03 +07:00

Xác thực bởi: Viettel-CA SHA2

BECAMEX INFRASTRUCTURE DEVELOPMENT JOINT STOCK COMPANY

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THE SOCIALIST REPUBLIC OF VIETNAM

Independence - Freedom - Happiness

---------------

Ho Chi Minh City, 16, July,2025

DISCLOSURE OF INFORMATION

To: - The State Securities Commission;

- Ho Chi Minh City Stock Exchange.

1. Name of organization: Becamex Infrastructure Development Joint Stock Company

   • Stock code: IJC

   • Address: No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi Minh City, Vietnam

   • Tel. 0274 3848789 E-mail: info@becamexijc.com

2. Spokesman: Trinh Thanh Hung. Position: Chief Executive Officer

3. Information disclosure type:  Periodic  Extraordinary  On demand

4. Content of information disclosure:

   Becamex Infrastructure Development Joint Stock Company discloses Consolidated Financial Statements Second Quarter 2025

5. This information was published on the Company’s website on 16, July,2025, at the link https://www.becamexijc.com/Quanhecodong.

   We hereby certify that the information disclosed is true and correct and we bear the full responsibility to the law for the disclosed information.

   To:

   • As above;

   • Archives: Office of BOD

     Legal Represe

     ntative

     Organization representative

     TRINH THANH HUNG

     Chief Executive Officer

     Attached documents:

     Consolidated Financial Statements Second Quarter 2025

     TTNB-25070023

     BECAMfK JNFRASTRU€'TUR£; DEYELOPFâ£NT JOINT STOCK COMPANY

     No. 230 Bjnfi Duong Avenue, Phu Hoa Ward, Thu Dan Mor City. Birin Duong ProvJ nce Tax tode• 3700803566

     CONSOLIDATED BALANCE SHEET

     As of 30 June 2025

     						REG fNNlNG BALANCE
     						4.497.720.660.501
     						79.9T 3.898.794
     5 p	I I I			98.527.790. 997		65.9l 3.898.794
     2 Cash equivalents	112			IS.000.000.00€		I 4.000.000.OF
     n. sh on-itrm n»ti»i i»vntin•»t•	i 2o	V.°t		7›".°°."o0		T 6.300.000.0fIfI
     I. Trading sec critics	121
     2. Provisions for devaluation of trading secun ties (•)	1 2			-
     3. I-Teld-to-maturry inv<>	123			750.000.000		I6.300.000.
     III. Receivs bles	!88			626.70g.959.9 T2		63H 188.773.465
     1. Short-term trade receivabia	31	V 03a		586.988.472.946		â95 338.741.949
     2. Shoft-term prepayments to suppliers	832	*-		4.685.216.383		6.065.424 .040
     3. Shori-term inter-company receivables	188
     4. Rweivablw according to the progress oF construction contract	134
     5. Receivables for short-term loans	138
     6. Other short-term receivables	136	V.05a		39.0T7.340.136		39.371.0'72.939
     7. Allowance for short-term doubtful debts (•)	137			(4.046.069.553)		(4.586.462.503)
     8. Deficii assets tor tmatment	189
     lVI,e Sri=	140			3.724782.182.729		3.682.760.6t8.S2£l
     I}p/ #¡#	141	V.07		3.724.782. I 82.729		3.682.760.6 I3.520
     2. Allowance For deyalualJon of inventories (	449
     				66.497.86d.980
     I. Short-term prepaid expenses	1 1	V.08a		3.893.272.7'i3		5.400.813.S97
     2. Deductible v T	I52			60.053.422. 914		77. I56.559.125
     3. Taxes and other receivable fmm the Star	88			2.551. 169.3 I3
     4. Trading Government bonds	154
     5. Onet current assets	185
     B. NON-CvBnEfiT ASSETS	200			3.388.606.342.4G'7
     I. Long-term rneivables	210			742.990.T55.581		774.179.11.768
     1. Long-tern trade roceivasies	21 I	V.03b		268.376.793.620		299.565. 749.807
     2. Long-Ierm prepayments to suppliers	212
     3. Working capital in affiliates	213
     4. Long-term inter-company receiubles	2l4
     5. Receivables for long-term loans	215
     s. ther long-i‹rm re«ivabio	zi s	V.0tb		474.613.36 L961		4'74.61 o.3b I.9d I
     7. Allowance for long-term doubtful debts (*)	249
     II. fiyed ass4Ts	220			53S.289.244.271		547.621.T37.80
     . y#gg›glt ri••a •#*•Q	22a	v.s		519.796.562.359		U I.904.880.087
     - Historical cost	222			1.175 367.11 8.460		I.16 I.409 656.965
     - Accumulated depreciation (’)	223			(6S5.570.556.101		(629.504.776.878)
     2. financial leased assets	224
     - H istorieai cost	225
     - Accumulated depreciation (•)	226
     3. Intangible f ned sssets	287	*•!8			25.392.681.912	l5.7G.657.7 I4
     . jp¡tj¢j ¢qt - Accumulated amortization (•)		228		30.242.951.720		292?7.95 L720
     		229		(I4.850. 269. 808)		(I T56l.0940s)

     BC - 25070001

     	ITE NHS	CODE	Noie		EhDING ßAŁ.ONCE	BEGINNING BALANCE
     	III. investment property	230 23 I		S'.11	509.a24.878.10fi		S4581 M.42
     	- 1-historical cost				ÛĄ0.299,639. 700		540.299.639. 7Œ
     - Accumulated depreciation (•)		232			(30.874.761.600	(25.781.525.208
     IV. Non—tc rrent assets in process		240			670•936 873.ISO	642.559. ł 60.IN
     | . øg.te 'or9 ¡ø pt		24 I	V.12		669.983.103.053	642 375.160.164
     						184.000.000
     						834.646.279.268
     1. Investments in subsidiaries		251
     2. In vestments in associates, joint ventures		•52	! 8		878.533.770.86*	807646279.268
     3. Investments In other œlilies		2ÕŽ	V. Ä		27.000.000.00t	27000000OQQ
     4. Provisions For devaluation oF long-term financial investments		284
     5. Held-to-maturity investments		255
     YKOŒnron•un=tasæs		60			24.S3y.420.591	3ł.424.608.683
     ; tonęe,mpœp dę ø		261	ñ08b		24.S3t.420.597	31.424.608.683
     2. deferred income tax assets		262
     3. Long-form comgonenis and spars p		263
     4. Qher non-current asseU		2Ó8
     gøøą ;|j		269
     TOTAL ASS+:TS {270 - 100 + 200)		2’70			7.920.869. 14 î.080	7.84y.669.672.677
     C. LIABILITIES		888			i6092%.V1.J81	2.69LW8.904.883
     I. Current lia bJities		310			iØ95JKM2.567	2.089.227.766583
     1. Short-term trade payables		3 !	V ! 8•		7 3.722.737.64 I	696.679.853.380
     2. Short•ierm advances from customers		312	V.16		6.056.60T .8l4	10.808.97 6.400
     3. Taxes and other obligai ions to the State Budget		313	V.1Ÿ		29.244.893.736	28. 374.546. S66
     4. Payables to employees		314	V.18		7.833.072. 942	9.727.0ò5. 901
     Ä. Short• term accrued expenses		8 8	V.l 9		250.945. 115.645	282.529.57 i .822
     6. Shon-term inter-coin pany payables		316
     7. Payables according to the progress of consuuction eyttø¢ty		317
     8. Short-term unearned revenue		318			67.564.003	60.740. 990
     9. Other short-term payable		319	V.21a		347.603.447.710	550)787L332
     10. Shon-term borrowings and financial leas s		320	V.22a		ä9I.212.374.9ôô	646.86Ã826T98
     11. Provisions for short-łerm payables		32 I
     12. Bonus and wet fare funds		322	U.23		62.ß45.734.1 I ß	64.042.314.054
     13. Price stabilization fund		323
     I d. Trading Government bonds		32a
     Î}. gon—current liabilities		888			5B9.674.798.814	G02.OOH. î38.300
     1. Long-term trade payables		33 I	V.15b		9.4 I9.371.20G	î 8g38742.4%
     2. Long- term ad vances from customers		332
     3. Long-temi accniTd UQVn5es		833
     4. Inter-company payables for working capiİal		834
     5. Long-term inter-company payables		33S
     6. Long-term unearned revenue		336	V.20		45.630.975.246	1 1. 904. 073. ł 92
     7. Tther long-term payables		337	V.2I b		15. I 82.540.368	24.482.362.708
     8. Long-term borroŃngs and financial lean		338	V.22b		519.441.912.Ø0	S46.780.960.000
     9. Convertible bonds		3Ä9
     10. Preferred share		88
     I I. Deferred income tax liability		34 Ï
     12. Provisions for long-term payables		34
     13. Science and technology development fund		343

     )

     2

     BC - Z5070001

     ITEMS	CODE	Nore	ENDINc BA CE	BEGUMING8ALANCE
     D. OWN£R’S EQUITY	TOO		5.311.662.799.69f	lI5I4J5.767.794
     ¡. Owner‘s tqp;ty	4i0	’.z4	5.3ii.662.7q9.69*	5.â51.435.767.794
     t. Owner’s capital	41I		3.777.483.840 00s	3.777. 483. 840 OOH
     . Ord¡naty dfcs c ; g vpi¡ g Ugly	4iiA		3.777.483.x4o.ooo	3.773.483.840.000
     . pttttp ppq	At IB
     2. Shere premiums	8 2		21 1.326.226.000	21 l.3?6.226.0ot
     3. Bond comers ion options	413
     4. Otter sources of capital	4 4		I0.801.285. 907	10. 801.285.907
     5. Treasury stocks (•)	415
     b. DifTer¢nccs on asset rc•'•iuat‹on	d 16
     7. Foreign exchange differences	417
     8. Investment and development fund	8 8		76K202.03&]42	712.480.326.882
     9. Business arrangement supporting fund	88
     10. Oitier fund›	d20
     I I . Ttelained earnings	42 I		550.84 9.409 650	439.344.089.005
     - Retained earnings accumulated to the end of flue previous period	'*		378.441. 949.930	439.344.089.005
     	421B		I72.407.459. 720
     12. Construction investment Fund	422
     13. Benefits of non-controlling shareholders	4*9
     If. Offer sources and Quads	430
     1. Sources of expenditure	88 !
     2. Funfi to form fixed asseis	432
     			7.920.869.IN 1.080

     • Retained earnings of the current period

     Prt purer

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     LvongThiNgwTri*â

     BC - 25070001

     BECAME INFRASTRUCTURE DEVELOPMENT JOINT STWK COMPANY

     No. 230 Binh Duong Avenue. Phu Hoa Ward, Thu Dan Mot C ity, Binb Duong Pmv ince Tax coée: 3900805566

     CONSOLIDATED INCOME STATEMENT

     For the 2th quarter of 2025

     Unit: VND

     			2025	2& garner oF 2g24		/tccomulafed Ie 2034
     1. Revenue tram ales of goods and provisions of icrs	0j		194.8 I 9.33L37'	394.664.77K695	350.505.703.533	53 I.240. I38.715
     2. Ro on 0c0uc‹i»ns	02	Vî.2	20.688.HOO.260	6.073.906.698	26.744.225. 140	6.073.906.698
     3. i m'=»•{IMI-02)	I0		I74 130.83I. I i7	388.590.864.997	323.761.478.393	525. I66.232.01
     4. Cost ofsalcs	II	VI.3	23.544.844.9l9	247.641.607.437	87.574.985.M6	i09.710.036.907
     5. Orossprofit(20=10-î1)	20		1'î0.58S.986.198	140.949.257.560	236. 186.492.847	21 5.456.195.31 fl
     6. Eina»cial »c»mc	2l	V1.4	I.709.458.373	1.465.141.359	2.084.503.262	1.781.271.539
     7. Financiar expenszs	22	Vî.5	22.6Ș3.5@.9l5	I 7.84 1.983.638	31.912.380. 99â	26.922.896.0fi2
     -/n ++'£icG.' in/ere î nses	27		Î J.S97.719.476	I 8.656.598.913	20.853.610.993	28.033.575.942
     8. GziRoss in aseocisps,joîntventwzs	24	V1.6	43.819.264.786	2.413.8T7.185	50.887.4 9).59T	2.444.3 I9.713
     9. Selling adjust	25	VL7	7.875.405.123	8.463.490.152	17.301.046.d99	18.229.OF I.426
     10. feral and administreiion to	26	V{.8	19.282.021.471	I 9.812.071.76é	37.436.848.34 I	34.607.369.608
     I I. Net • •raing gn›fi;t(30=20 {21-22(24*25J)	30		t46.303.73a.848	98.7I0.7â0.548	202.508.2 l 1.873	39.922.519.4'76
     t} @ Q; #	31		5 406.62t.4S4	4.46 1.057.428	8.098. 945.553	I6.014.358.143
     13. Ot£H e•; n i	32		5.290.067.34f	I0.743. I74.068	9.232.69 I. 907	14.575.53 I.913
     14. flier profit/(loss)(40=31-32)	40		I 16.554.108	(6.282. I 16.640)	( I. I33.746. 354)	L438.826.230
     IS. Totnl stcoootiog profit hefore is (5tt••W4fl)	S4		146.420.285.956	93.428.6) 3.908	201 .3'74.465.519	I4 I.36L345.706
     16. Current incometax	51	V.17	19.469.920.854	18.896.806.582	28.962.005. 799	28.623.020.619
     i7. I3erore4 income tax	82
     lz rent •a•r nx timi-si-s2)	ii		126.950.365.102	73.531.807.326	I72.407.459.720	I 2.738.325.087
     T9. Profit aft•r tax o£tfie Parent Company	6I		126.950.365. 102	73631807)?6	172.407.459.720	1 J 2,738.325.087
     20. Profit after tax of non-conirolJ ing shareholders	62
     21. Baie sings per share	70	VI.9	318	195	429	338
     z2. diluted earnings per share	71		31 8	195	429	338

     The 2th quarter of 2025 saw an increase in profit afler tax by 73% against the same period of the previous year because the following reason:

     In the 2Ih quarter o/2025, gross revenue decreased by 43 S• (mainl y because revecue from eroding real estate decreased by 93 S•, he Company recognized gain from investments in associates) while total expenses decreased by 745 as compared to the same period of lie previous year'. As a result, profit after tax increased by 73S• against the 2th quarter of2024.

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     CbieFAccountaat

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     ButThtThuy

     BECAAIEX INFRASTRUCTURE DEVE LOPM ENT JOINT STOCK COM P

     No. 230 Binh Duong Avenue, Phu Hoa Ward, Thu Dau Moi City, Bind Duong Province Tax code: 3700805566

     CONSOLIDATED CASH FLOW STATEMENT

     (indirekt method)

     For Ibe 2tb guarter oF2025

     ITEb4S			Ac*umul«1,d lo2025
     I. Cash Bow* From opera Ring mc lie ities
     	01
     2.
     Dcpreciation/(amonizaiion) of fixed asscis and investment propc	02	V9,l0,l l	32.448.191.417	33.922.286.797
     Provisions and allowancn	03	V.14	(540.392.950)	(3.400.000.000)
     Exchange gain/(loss) due to revaluation of monetary items in foreign currencies	04
     Gain/(loss) fr•m investing aciivitics	05	VI.4	(550.946.643)	(10.0 I 4.330.175)
     Loan interest expenses	06	Vl.5	20.624.658.938	28.033.375.942
     	07
     	0t		253.35S. 97428J	IB9.902.878.270
     Increase/(decrease)of receivables	09		(23.794.087.713)	104.123.587.689
     Increase/(decrease) of inventories	TO		(69.629.512.098)	(1.254.092.152.145)
     Inert/(decrease) of payables	I I		24.038.337.441	874.635.556.509
     Inert/(decrease) of prepaid expenses	1 2		8.400.730.930	6.940.481.718
     Increase/(decrease) ottrading secwities	j3
     Interests paid	14	V l9,Vl.5	(19.459.623.713)	(29.887.666.853)
     Corporate inc tax paid			(21.768.828.686i	(I41.596.632.510)
     Other c»h inflo»'s	I6
     Other cash out£ows	17	V.23	(13.377.007.759)	(15.035.984.833)
     	20		Is z. z6i.siz.68s	5c6s.»9.rsz. i5sj
     Cssh ftows treat in*estisg activities
     Purchases and construction of fixed assets
     and other non-current asseu	2 I	V9,10, I I	(17.063.937.174)	(45.069.591.902)
     2. Proceeds from disposals of fixed assets
     and other nou	22			25.8 I 8.497.292
     3. Cash outflow for lending, buying debt instruments
     	23
     4. Cash recovered from lending selling debt insets
     of other entities	24		16.300.000.000	4.000.000.000
     5. Investments in other certifies	25	V.14	(20.000.000.000)	(466.000.000.000)
     6. Withdrawals of investments in other entities	26	V.14
     7. Interest earned, dividends and profiis received	27	V.5, VI.4	865.233.761	l.782.671.232
     	ID		(I9.8v8.i03.‹I3)	(4 i9.»68. 23.3 z8)
     m. Cash ßows from financing activities
     i. Proceeds ßom issuing stocks and capital contributions
     from owners	31	V.24		1.259.158.750.000
     2. Repaymeni for capiial contribu6oris and re-purchases
     of stocks already issucd
     3. Prneeds fiom borrowings	33	V.22	209.018.304.688	520.354.969.391
     4. Repayrijent for loan principal	34	V.22	(292.835.553.860)	(555.267.800.765)

     BC - 25070001

     5

     			Anzmubhd to2025	Accu mutated to 2024
     5. Payments for financial lease principal	35
     6. Dividends and profit paid to ifie onmers	36	V.21	(436. I ,9.900)	(222. I6S.8l2.200)
     	aO	’	(8‹.2s!.s8 .0z2)	602.080.i06.‹26
     			33.63.892.198	(142J98.249.t07)
     	@	V.I	79.9J 3.898.794	284.172.959.342
     Effects of fluctuations in foreign	61
     exchange rates
     Ending czh and ash eqcivaltnti	70	Y.I	113.527.790.992	141.774.710.235

     Luong Thi Ngoc Triah

     Chief Accountant

     Bui Thi Thuy

     6 ‘

     BECAMEX INFRASTRUCTURE DEVELOPMENT JOINT STOCK COPIPANY

     Address: No. 230 Binh Duong Avenue, F'hu Loi Ward, Ho Chi Minh City, Viet Nam FINANCIAL STATEMENTS

     For the 2* quarter of 2025

     NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

     For the 2•' quarter of 2025

     i. GENERAL INFORMATION

     Ownership form

     Becamex Infrastructure Development Joint Stock Company (hereinafter referred to as “the

     Company” or “the Parent Company”) is a joint stock company.

     1. Operating fields

        The Company's operating fields are servicing, trading real estate and construction.

     2. Principal business activities

        The Company's principal business activities are: to maintain, repair and operate toll stations; to construct civil and industrial works; to provide real estate brokerage, valuation, trading floor, consultancy, auction, advertising, management and lrading services.

     3. Normal operating cycle

        Normal operating cycle of the Company is within 12 months. Particularly, the operating cycle of real estate projects depends on each business plan.

     4. Structure of the Group

        The Group includes the Parent Company and 3 subsidiaries under the control of the Parent Company. All subsidiaries are consolidated in the Consolidated Financial Statements.

        5a. Information on the Group’s restructuring

        Sb.

        During the period, subsidiaries.

        List of subsidiaries

        the Group has no additional acquisition, liquidation or divestment at its

        Benefit rate Voting rate Beginn

        ing Beginn

        Principal business Ending baianc Ending ing

        Subsidiaries Address activities balance c balance balance

        Becamex Hospitality Company Limited

        Becamex Trade

        Company Limited

        WTC BinhDuong One Member Company Limited

        Becamex Hotel, No. 230 Binh Duong Avenue, Thu Dan Mot City, Binh Duong Province

        Becamex Tower, No. 230 Binh Duong Avenue, Thu Dau Mot City, Binh Duong Province

        B1 I , Hung Vuong Street, Hoa Phu Ward, Thu Dau Mot City, Binh Duong Province

        Operating restaurant and 100% 100% 100% 100%

        providing catering, event organization, hotel services, acting as an airline and train ticket agent

        Operating trade centers, 100% 100% 100% l00°Z»

        providing tourism, posse nger transport services, act ing as an airline and train tick:et agent

        Providing management 100% 100% 100% 100%

        consullanc j , advert ising, organizing trade introduction and

        proinot ion

        Ihese notes form on incepral url ofand should be reuJ in coriJ unctiof ›i’ith the Gonsofidoied K-inancial .Siaitmcnis 7

        BECA54EX INFRASTRUCTURE DEVELOPMENT 3OINT STOCK COf4PANY

        Address: No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi Minh City, Viet Nam FINANCIAL STATEMENTS

        For the 2* quarter of 2025

        Notes to the Consolidated Financial Statements (cunt )

        5c. Associate

        Associate

        Becamex Binh Ph uoc Infrastructure Development Joint Stock Company

        Ho Cbi Minh City - Thu Dan Mot —Chon Thaoh Expressway Joint Stock Company

        Principal Capital

        business contribution Benefit Voting

        Address activities rate rate rate National Highway 14, Investing and 31,77% 31,77% 31,77% Group 8, Quarter 3, Chon trading in real

        Thanh Town, Dong Nai estate Province.

        WTC Tower, Ho 01, Road

        Hung Vuong Street, Binh construction

        Duong, Ho Gi Minh City.

        6.	Statement of information comparability on the Consolidated Financial Statements The corresponding figures of the previous period can be comparable with figures of the current period.	“ ’ ,
        7.	Headcount
        	As of the balance sheet date, the Group's headcount is 689 (headcount at the beginning of the year:
        	775).
        II.	FISCAL YEAR AND ACCOUNTING CURRENCY
        1.	fiscal year The fiscal year of the Gtoup is from 0 J January to 3 I December annually.
        2.	Accounting currency uait The accounting currency unit is Vietnamese Dong (VND) because the Group's transactions are
        III.	ACCOUNTING STANDARDS AND SYSTEM
        1.	Accounting System The Group applies the Vietnamese Accounting Standards, the Vietnamese Enterprise Accounting System, which were issued together with the Circular No. 200/2014/TT-BTC dated 22 December 2014 guiding the Vietnamese Enterprise Accounting System, the Circular No. 202/20 14/TT-BTC
        	dated 22 December 2014 guiding the preparation and presentation of the Consolidated Financial Statements as well as other Circulars guiding implementation of Vietnamese Accounting Standards of the Ministry of Finance in preparation and presentation of the Consolidated Financial Statemenls.
        2.	Statement of the compliance with the Accounting Standards and System The Board of Directors ensures to follow all the requirements of the Vietnamese Accounting Standards, the Vietnamese Enterprise Accounting System, which were issued together with the Circular No. 200/2014/TT-BTC dated 22 December 2014, the Circular No. 202/2014/TT-BTC dated 22 December 2014 as well as other Circulars guidins the implementation of the Accounting Statements.
        IV.	ACCOUNTING POLICIES

        primarily made in VND.

        Standards of the Ministry of Finance in preparation and presentation of the Consolidated Financial

        BECAF4EX INFRASTRUCTURE DEVELOPMENT JOINT STOCK COF4PANY

        Address: No. 230 Binh Duong A venue, Phu Loi Ward, Ho Chi Minh C ity, Viet Nam

        FINANCIAL STATEMENFS

        For the 2* quarter of 202S

        Notes to tge Consolidated Financial Statements (cont.) „ „,„ _

        1. Accounting convention

           All the Consolidated Financial Statements are prepared on the accrual basis (except for the

           information related to cash flows).

        2. Consolidation bases

           The Consolidated financial Statements include the Financial Statements of the Parent Company and those of its subsidiaries. A subsidiary is an enterprise that is controlled by the Parent Company. The control exists when the Parent Company has the power to directly or indirectly govern the financial and operating policies of the subsidiary to obtain economic benefits from its activities. In determining the control power, the potential voting right arising from options or debt and capital instruments that can be convened into common shares as of the balance sheet date should also be taken into consideration.

           The financial performance of subsidiaries, which are bought or sold during the period, is included in the Consolidated Income Statement from the date of acquisition or until the date of selling investments in those subsidiaries.

           The Financial Statements of the Parent Company and those of subsidiaries used for consolidation are prepared in the same accounting period and apply consistently accounting pol icies to the same types of transactions and events in similar circumstances. In the case that the accounting policy of a subsidiary is different from the accounting policy applied consistently in the Group, the Financial Statements of that subsidiary will be properly adjusted before being used for the preparation of the Consolidated Financial Statements.

           Intra-group balances in the Balance Sheet and intra-group transactions and unrealized profits resulting from these transactions must be completely eliminated. Unrealized losses resulting from intra-group transactions are also eliminated unless costs cannot be recovered.

           Benefits of non-controlling shareholders reflect profit or loss and net assets of subsidiary, which are not hold by the Group and presented in a separate item of the Consolidated Income Statement and Consolidated Balance Sheet (classified under owner's equity). Benefits of non-controlling shareholders include the values of their non-controlling benefits at the initial date of business combination and those arise within the ranges of changes in owner's equity from the date of business combination. The losses arising in the subsidiaries are anributed equally to the ownership rate of non-controlling shareholders, even if such losses are higher than the interest owned by these shareholders in net asseE of the subsidiaries.

        3. Foreign curreR*7 *fiansaction8

           Transactions in foreign currencies arc convened at the actual exchange rates ruling as of the

           transaction dates. The ending balances of monetary items in foreign currencies are converted ai the actual exchange raies ruling as of the balance sheet date.

           Foreign exchange differences arisen from foreign currency transactions during the period shall be included into financial income or financial expenses. Foreign exchange differences due to the revaluation of ending balances of the monetary items in foreign currencies after offsetting their positive differences against negative differences shall be included into financial income or financial expenses.

           The exchange rate used to convert foreign currency transactions is the actual exchange rate ruling as at the time of these transactions. The actual exchange rates applied to foreign currency transactions are as follows:

           BECAMEX INFRASTRUCTURE DEVELOPMENT 3OINT STOCK CO 1PANY

           Address: No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi Minh City, Viet Nam FINANCIAL STATEMENTS

           For the 2* quarter of 2025

           Notes to the Consolidated Financial Statements (cont.)

           • For the foreign currency trading contract (including spot contract, forward contract, future contract, option contract, currency swap): the exchange rate stipulated in the contracts of trading foreign currency between the Group and the Bank.

           • For capital contribution made or received: the buying rate of the bank where the Group opens its account to receive capital contributed from investors as of the date of capital contribution.

           • For receivables: the buying rate ruling as at ihe time of transaction of the commercial bank where the Group designates the customers to make payments.

           • For payables: the selling rate ruling as at the time of transaction of the commercial bank where the Group supposes to make payments.

           • For acquisition of assets or immediate payments in foreign currency (not included into payable accounts): the buying rate of the commercial bank where the Group makes payments.

           The exchange rate used to re-evaluate the ending balances of monetary items in foreign currencies which only include cash in foreign currencies is the buying rate of Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) where the Group frequently conducts transactions.

        4. Cash and cash equivalents

           Cash includes cash on hand and demand deposits in banks. Cash equivalents are short-term investments of which the due dates do not exceed 3 months from the dates of the investments that are readily convertible into knou'n amounts of cash and that are subject to an insignificant risk of change in value as of the balance sheet date.

        5. Financial investments

           The Group's financial investments only incluae held-to-maturity investments.

           Investments are classified as held-to-maturity investments that the Group intends and is able to hold to maturity. Held-to-maturity investments include term deposits (including debentures and promissory note), bonds, preferred shares that the issuer are required to re-purchase at a certain date in the future and held-io-maturity loans for the purpose of receiving periodical interest as well as other held-to-maturity investments.

           Held-to-maturity investments are initiall7 recognized at cost including the purchase cost and other transaction costs. After initial recognition, these investments are recorded at recoverable value. Interest from these held-to-maturity investments after acquisition date is recognized in the profii or

           loss on the basis of the interest income to be received. Interests arising prior to the Group's acquisition of held-to-maturity investments are deducted to the costs as at the acquisition time.

           When there is reliable evidence proving that a part ot the whole investment cannot be recovered and the loss are reliably determined, the loss is recognized as financial expenses during the period while the investment value is derecognised.

           Investments in associates

           An associate is an entity which the Group has significant influence but not the control t s vem the financial and operating pol icies. Significant influence is the right to participate in making the associate's financial and operating policies but not control those policies.

           Investments in associates are recorded as in the owner's equity method. Accordingly, the investment into associate is initially recorded at costs on the Consolidated Financial Statements and then adjusted for the post acquisition change in the Group's share of net assets of the associate. If the Group's share of loss of an associate exceeds or equals the carrying amount of an investment, the investment is then reported ai nil (0) value on the Consolidated Financial Statements, except

           Wtse nolac for-m an iyts gral parc ofand choyld be rcad in conJunc iron ›t’ith ihe Consolidaicd Financial Scoiernenis

           0BECAMEX INFRASTRUCTURE DEVELOPF1ENT 3OINT STOCK COF4PANY

           Address. No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi Minh City, Viet Nam FINANCIA L STA FITMENTS

           For the 2* quarter of 2025

           Notes to the Consolidated Financial Statements (cont.)

           when the Group has obligations to pay on behalf of the associate to satisfy obligations of the associate.

           The Financial Statements of the associate are prepared for the accounting period that is the same with the Consolidated Financial Statements of the Group. In the case that the accounting policy of an associate is different from the accounting policy applied consistently in the Group, the Financial Statements of that associate will he properly adjusted before being used for the preparation of the Consolidated Financial Statements. Unrealized profits/(losses) arising from transactions with associates are eliminated in proportion to the amount under the Group's ownership in the preparation of the Consolidated Financial Statements.

        6. Receivables

           Receivables are recognized at the carrying amounts less allowances for doubtful debts.

           The classification of receivables as trade receivables and other receivables is made according the following principles:

           • Trade receivables reflect receivables concerning the commercial nature arising from purchase and sale transactions between the Group and customers who are independent to the Group.

           • Other receivables reflect receivables not concerning the commercial nature and irrelevant to purchase and sale transactions.

             Allowance is made for each doubtful debt on the basis of estimated loss.

             Increases/(decreases) in the obligatory allowance for doubtful debts as of the balance sheet date are recorded into general and administration expenses.

        7. Inventories

           Inventories are recognized at the lower of cost or net realizable value.

           Cost of inventories is determined as follows:

           • For materials and merchandises: Cosis comprise costs of purchases and other directly relevant costs incurred in bringing the inventories to their present location and conditions.

           • Work-in-process: Costs comprise costs for land use right, construction costs, direct costs and general costs arising for the property investment and construction.

           « For real estate: Costs comprise all costs directly relevant to the investment and construction of real estate to make the real estate ready for sale.

           Stock-out costs are determined in accordance with the first-in fitst-out method and recorded in line with the perpetual method.

           Net realizable value is the estimated selling price of inventories in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale.

           AIlowance for devaluation of inventories is recognixed for each type of inventories when thei r costs are higher than their net realizable values. For services in progress, allowance is recognized for each type of services at their own specific prices. Increases/(decreases) in the obligatory allowance for devaluation of inventories as of the balance sheet date are recorded into costs of sales.

        8. Prepaid expenses

           Prepaid expenses comprise actual expenses incurred and relevant io financial performance in several fiscal years. Prepaid expenses of the Group mainly include tools, payments incurred for

           0' a

           These notes form on integral purt o/fact spoilt lie read in conJmnon »'rifl the ConsoliduieH nnanc iol Statements 11

           BECAuzx z FRASTRUCTURE DEVELOPPIENT 3OINT STOCK COMPANY

           Address: No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi Minh City, Viet Nam FINANCIAL STATEMEVFS

           For the 2* quarter of 2025

           Notes to the Consolidated financial Statements (com.)

           National Highway l3 maintenance and repair, and other repair expenses. These prepaid expenses are allocated over the prepayment period or period of corresponding economic benefits generated from these expenses.

           Expenses of tools being put into use are allocated into expenses in accordance with the straight-line method for the maximum period of 3 years.

           Payments incurred for National Highway 13 maintenance ord repair

           Payments incurred for National Highway 13 maintenance and repair are allocated into expenses over the estimated useful lives.

           Auto»tatic toll collection devices

           Expenses of automatic toll collection devices are allocated into expenscs for the maximum period of 3 years.

           Repair expenses

           Other repair expenses are allocated into expenses over the estimated useful lives.

        9. Operating leased assets

           A lease is classified as an operating lease if it transfers substantially all the risks and rewards incident to ownership belonging to the lessor. The lease expenses are allocated in the Group's operation costs in accordance with the straight-line method over the lease term and do not depend on the method of lease payment.

        10. Tangible fixed assets

            Tangible fixed assets are determined by their historical costs less accumulated depreciation. Historical costs of tangible fixed assets include all the expenses paid by the Group to bring the asset to its working condition for its intended use. Other expenses arising subsequent to initial recognition are included into historical costs of fixed assets only if it can be clearly demonstrated that the expenditure has resulted in future economic benefits expected to be obtained from the use of these assets. Those which do not meet the above conditions will be recorded into operation costs during the period.

            Vhen a tangible fixed asset is sold or disposed. its historical cost and accumulated depreciation are written o1T, then any gain or loss arising from such disposal is included in the income or the expenses during the period.

            Tangible fixed assets are depreciated in accordance with the straight-line method over iheir estimated useful 1ives. The depreciation years applied are as follows:

            Fixed assets	Years
            Buildings and structures	05 - 50
            Machinery and equipment	05 - 10
            Vehicles	06 - 10
            Office equipment	05 - 10

        11. Intangible fized assets

            Intangible fixed assets are determined by their initial costs less accumulated amortization.

            Initial costs of intangible fixed assets include all the costs paid by the Group to bring the asset to its working condition for its intended use. Oiher costs relevant to intangible fixed assets arising subsequent to initial recognition are included into operation costs during the period only if these

            ”

            Thcsc noicJ Joriiran inic grvl yen ofaml chouId be reyd in conJ onetion ›t +tñ the C'onsolidaccd (inancial Sionmcriis 2

            BECAMEX INFRASTRUCTURE DEVELOPF1ENT JOINT STOCK COt4PANY

            Address: No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi Minh City, Viet Nam FINANCIAL STATEMENTS

            For the 2* quartet of 2025

            Notes to the Consolidated Financial Statements (cont.)

            costs are associated with a specific intangible fixed asset and result in future economic benefits expected to be obtained from the use of these assets.

            When an intangible fixed asset is sold or disposed, its initial costs and accumulated amortization are written off, then any gain or loss arising from such disposal is included in the income or the expenses during the period.

            The Group's intangible fixed assets include:

            Research attu development costs

            Research costs which are spent for the purpose of obtaining new scientific or technical knowledge and understandings are included into the Group's expenses when these costs are incurred.

            Development costs related to the application of research findings to a plan or design for ihe

            production of new or substantially renovated products prior to the commencement of commercial Ii

            production or use are capitalized if, and only if, the Group can demonstrate all of the followings: ‘

            • the technical feasibility of completing thc intangible asset so that it will be available for ” intended use or sale.

              « the Group's intention to complete the intangible asset and use or sell it.

            • the Group's ability to use or sell that intangible asset.

            • the intangible asset will generate probable future economic benefits.

            • the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset.

            • the Group's ability to measure reliably the expenditure attributable to the intangible asset during iE development.

            Development cosis capitalized include material costs, direct labor costs, directly attributable costs to generate intangible asset, and part of general expenses which are reasonably and consistently allocated. Other development costs are included into expenses as actually incurred.

            Development costs capitalized are amortized in accordance with the straight-line method in 10

            years.

            Computersofnvaze

            Expenses anributable to computer software. which is not a part associated with the relevant hardware, wiI1 be capitalized. Costs of computer software include all the expenses paid by the Group until the date the software is put into use. Computer software is amortized in accordance with the straight-line method from 5 to 8 years.

        12. Investment properties

            Investment property is property which is land use right, a building or part of a building, infrastructure held by the Group or by the lessee under a finance lease to earn rentals or lor capital appreciation. Investment properties are measured at their historical costs less accum mated depreciation. Historical cost includes all the expenses paid by the Group or the Pair value of other considerations given to acquire the assets up to the date of its acquisition or construction.

            Expenses related to investment property arising subsequent to initial recognition should be added io the historical cost of the investment property when it is probable that future econom ie benefits, in excess of the originally assessed standard of performance of the existing investment property, wi11 how to the Group.

            .

            These noces form on incegral hurl ofanâ shoylcl be reail in conjumlion v illi flu: Consolidated nnancial 3tatcmenis

            BECAriEx INrRASTRUCTURE DEVELOPMENT 3OINT STOCK COf•tPANY

            Address: No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi Minh C ip', Viet Nam FINANCIAL STA'FEMENTS

            For the 2'• quarter of 2025

            Notes to the Consolidated Financial Statements (cont.)

            When the investment property is sold or disposed, its historical cost and accumulated depreciation are wrinen off, then any gain or loss arising from such disposals is included in the income or the expenses during the period.

            The transfer from owner-occupied property or inventories into investment property shall be made when, and only when, there is a change in use evidenced by the end of owner-occupation and the commencement of an operating lease to another party or the end of construction. The transfer from investment property to owner-occupied property or inventories shall be made when, and only when, there is a change in use evidenced by the commencement of owner-occupation or the commencement of development with a view to sale. The transfer from investment property to owner-occupied property or inventories does not change the historical cost or net book value of investment property at the date of transfer.

            Invesiment property for lease is depreciated in accordance with the straight-line method over their estimated useful lives. The depreciation years of ihe investment property are 50 years.

        13. Construction-in-progress

            Construction-in-progress reflects the expenses (including relevant loan interest expenses following

            the accounting pol icies of the Group) directly attributable to assets under construction, machinery C(

            and equipment under installation for purposes of production, leasing and management as well as the repair of fixed assets in progress. These assets are recorded at historical costs and not depreciated.

        14. Business combination and goodwill

            The business combination is accounted by applying acquisition method. The costs of business combination include the fair values as at the acquisition date of the exchanged assets, the incurred or assumed liabilities as well as the equity instruments issued by the Group in exchange for control of the acquiree, plus any cost directly attributable to the business combination. The acquired assets, the identifiable and contingent liabilities assumed from the business combination are recognized at their fair values as at the acquisition date.

            If the business combination covers some accounting periods, the cosi of business combination equals the total investment made at thc date of obtaining the control of subsidiaries plus the amount of previous investments which are re-evaluated at fair value as at the date of obtaining the control of subsidiaries. The difference between the re-evaluated amount and the cost of investment shall be recorded in the financial performance provided that the Group does not have any significant influence on subsidiaries prior the date of obtaining the control and the investment in subsidiaries is presented in line with the cost method. In case where the Group has significant influence on the subsidiaries prior the date of obtaining the control the investment in subsidiaries is presented in line with the equity method, the difference between the re-evaluated amount and the cost of investment determined in line w'ith the equity method shall be recorded in the financial performance; and the difference between the investment determined in line with the equity method and the cosi of investment shall be directly recorded in “Retained earnings” of the Consolidated Balance Sheet.

            The excess of the cost of business combination over the ownership share ot’ the Group in the nct fair value of the assets, the identifiable and contingent liabilities of acquired which are recognized at the date obtaining the control of subsidiaries is recognized as goodwill. If the ownership share of thC Group in the net fair value of the assets, the identifiable and contingent liabilii ies of acquiree which are recognized at the dare of obtaining the control of subsidiaries exceeds the cost of business combination, the difference will be included in the financial performance.

            l'hesc noies form an aiiegra I fxirt of and Jfiou/d f'r rcocf in conJ ation with ihc Coasolidaied -manual ñuienienr

            • - .

            BECA54EX INFRASTRUCTURE DEVELOPMENT 3OINT STOCK COPIPANY

            Address: No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi Minh City, Viet Nam FINANCIAL STATEMENTS

            For the 2* quarter of 2025

            Notcs to the Consolidated Financial Statements (cont.)

            The goodwill is allocated according the straight-line method in 10 years. When there is evidence that goodwill loss is more than the allocated amount, the allocated amount during the period is the loss incurred.

            The benefit of non-controlling shareholders as at the date of business combination is initially measured on the basis of the ownership share of non-controlling shareholders in the fair values of the assets, the liabilities and the inherent liabilities recognized.

        15. Contractual arrangement

            Jointly controlled operations

            In respect of its interests in operations controlled by one party which then shall distribute profit after tax and in jointly controlled operations, the Group shall recognize in its Consolidated Financial Statements:

            • the Group cams from the sale of goods or services by the joint venture.

            « the expenses thai the Group incurs.

        16. Payables and accrued eapenses

            Payables and accrued expenses are recorded for the amounts payable in the future associated wiih the goods and services received. Accrued expenses are recorded based on reasonable estimates for the amounts payable.

            The classification of payables as trade payables, accrued expenses and other payables is made on the basis of following principles:

            • Trade payables reflect payables of commercial nature arising from the purchase of goods, services, or assets, of which the seller is an independent entity with the Group.

            • Accrued expenses reflect expenses for goods, services received from suppliers or supplied to customers but have not been paid, invoiced or lack of accounting records and supporting documents; pay on leave payable to employees; and accrual of operation expenses.

            « Other payables reflect payables of non-commercial nature and irrelevant to purchase, sales of goods or provisions of services.

            The payables and accrued expenses are classified as short-term and long-term items in the Consolidated Balance Sheet on the basis of their remaining term as of the balance sheet date.

        17. Ordinary bonds

            Ordinary bonds are bonds that cannot be converted into shares.

            The carrying value of ordinary bonds is reflected on the net value of the face value minus discount and plus bond premi um.

            Bond issuance costs are gradually allocated in alignment with the term of bonds using either the straight-line method or the effective interest rate and recognized into financial expcnses or capitalized.

        18. Owner's equity

            Owner’s capital

            Owner's capital is recorded according to thc actual amounts invested by shareholders of the Company.

            Share premium.c

            Share premiums are recorded in accordance with the difference between the issuance price and face value upon the IPO, additional issue or the difference between the re-issuance price and

            >

            Thyme cores form as inJegrn/ Sri o/and sfi'oed 6e reed in conj uriclion nrim the Curisofi‹fsfed Fi'iancial Slateoui rite 15

            BECAMEX INFRASTRUCTURE DEVELOPMENT JOINT STOCK COPIPANY

            Address.- No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi Minh City, Viet Nam FINANCIAL STAR EMENTS

            For the 2'• quarter of 2025

            Notes to the Consolidated Financial Statements (cont.1

            carrying value of treasury shares and the equity component of convertible bonds upon maturity date. Expenses directly related to the additional issue of shares and the re-issuance of treasury shares are recorded as a decrease in share premiums.

        19. Profit distribution

            Ptofit after tax is distributed to the shareholders after appropriation for funds under the Charter of the Company aS well as legal regulations and approved by the General Meeting of Shareholders.

            The distribution of profits to the shareholders is made with consideration toward non-cash items in the retained earnings thai may affect cash flows and payment of dividends such as profit due to revaluation of assets contributed as investment capital, profit due to revaluation of monetary items, financial instruments and other non-cash items.

            Dividends are recorded as payables upon approval of the General Meeting of Shareholders.

        20. Recognition of sales atid income

            Salec ofmerchandises

            Sales of merchandises shall be recognized when all of the following conditions are satisfied:

            • The Group transfers most of risks and benefits incident to the ownership of merchandises to

              customers. :N

            • The Group retains neither continuing managerial involvement to the degree usually associated

              with ownership nor effective control over the merchandises sold.

            • The amount of sales can be measured reliably. When the contracts stipulate that buyers have the right to return merchandises purchased under specific conditions, sales are recorded only when those specific conditions are no longer exist and buyers retains no right to return merchandises (except for the case that such returns are in exchange for other goods or services).

            • The Group received or shall probably receive the economic benefits associated with sale transactions.

            • The cost incurred or to be incurred in respect of the sale transaction can be measured reliably.

              Sales of service provision

              Sales of service provision shall be recognized when all of the following conditions are satisfied:

            • The amount of sales can be measured reliably. When thc contract stipulates that the buyer is entitled to return the services provided under specific conditions, sales is recognized only when these specific conditions are no longer existed and the buyer is not entitled to return the services provided.

            • The Group received or shall probably receive the economic benefits associated with the provision of services.

            • The stage of completion of the transaction at the end of reporting period can be measured reliably.

            • The costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

              In the case that the services are provided in several accounting periods, the determination of sales is done on the basis of the volume of work done as of the balance sheet date.

              Sales of reol estate

              Sales of real estate that invested by the Group shall be recognized when all of the following conditions are satisfied:

              IN .

              These nolts form an rulegoal yari of and sltouM bc rcud in curijiun:iron hrim tht ConJpfi‹Jofsd financial Siaicaienis 16

              BECAF4EX INFRASTRUCTURE DEVELOPI ENT 3OINT STOCK COPIPANY

              Address: No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi Minh City, Viet Nam FINANCIAL STATEMENTS

              For the 2* quarter of 2025

              Notes io the Consolidated Financial Ststeme•ts (cont.) „ „ _

            • real estate is fully completed and handed over to the buyers. and the Group transfers most of risks and benefits incident to the ownership of real estate to the buyer.

            • the Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the real estate sold.

            • the amount of sales can be measured reliably.

            • the Group received or shall probably receive the economic benefits associated with the

              transaction.

            • the costs incurred or to be incurred in respect of the transaction can be measured reliably.

            In case the customer has the right to complete ihe property interiors and the Company completes the property interiors correctly to the designs, models as requested by customer under a separate contract on interior completion, revenue is recognized upon the completion and handover of the main construction works to customers.

            Sales of land plots with developed infrastructure

            Sales of land plots with developed infrastructure are recognized when infrastructure construction is primarily completed and the land plots have been handed over to the customers.

            Income from leasing operating ascets

            Income from leasing operating asseE is recognized in accordance with the straight-line method during the lease term. Rentals received in advance for several periods are allocated to revenues in consistence with the lease term.

            Interest

            Interest is recorded on the basis of the term and the effective interest rate applied in each particular

            period.

        21. Construction contract

            Construction contract is a contract agreed for acquisition of an asset or combined assets closely relevant or mutually dependent on their design, technology, function or basic using purpose.

            When the results of the contract implementation can be estimated reliably:

            « For construction contracts in which the contractor is entitled to pay according io construction progress. revenue and expenses relevant to the contracts are recognized to corresponding completed assignment determined by the Group as of the balance sheet date.

            • For construct ion contract in which the contractor is entitled to pay according to volume of work done: revenue and expenses relevant to the contracts are recognized to corresponding completed assignment confirmed by customer and are reflected in the invoices.

              Increases/Decreases in construction volume, compensations and other receivables are only recognized into revenue when these are mutuaI]y agreed with the customer.

              When the results of the contract implementation cannot be estimated reliably:

            • Revenue is only recognized equivalent to the contract's expenses and the paymcnt is relatively reliable.

            • The contract's expenses are only recognized as the expenses when they occur.

            Difference between total accumulated revenue o1 construction contract recognized and the accumulated amount in the invoice of payment under the contract plan is recognized as receivable or payable under the contract plan.

            These noles form an inlegrol part nfand .shoMâ 5y read in conjunc cion ••’itli fire (*oirsofidafed F'inaycial Stytcmeme 1’7 ‘

            D•>

            BC • 25070001

            BECAF1EX INFRASTRUCTURE DEVELOPMENT 3O1NT STOCK COF4PANY

            Address: No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi •viinh City, Viet Nam FINANCI AL STATEMENTS

            For the 2* quarter of 2025

            Notes to the Consolidated Financial Statements (cont.)

        22. Revenue deductions

            Revenue deductions only include sales returns incurred in the same period of providing goods, merchandises, services in which revenues are derecognised.

            In case of goods, merchandises, services provided in the previous periods but sales returns incurred in the current period, revenues are derecognised as follows:

            « If sales returns incur prior to the release of the Consolidated Financial Statements, revenues are derecognized on the Consolidated Financial Statements of the current period.

            • If sales returns incur after the release of the Consolidated Financial Statements, revenues are derecognized on thc Consolidated Financial Statements of the following period.

        23. Borrowing costs

            Borrowing costs are interests and other costs that the Group directly incurs in connection with the borrowing.

            Borrowing costs are recorded as an expense when it is incurred. In case the borrowing costs are directly attributable to the construction or the production of an asset in progress, which takes a substantial period of time (over 12 months) to get ready for intended use or sales of the asset, these costs will be included in the cost of that asset. To the extent that the borrowings are especially for the purpose of construction of fixed assets and investment properties, the borrowing cost is eligible for capitalization even if construction period is under 12 months. Incomes arisen from provisional investments as loans are recognized as a decrease in the costs of relevant assets.

            In the event that general borrowings are partly used for the acquisition, construction or production of an asset in progress. the costs eligible for capitalization will be determined by applying the capitalization rate to average accumulated expenditure on construction or production of that asset. The capitalization rate is computed at the weighted average interest rate of the borrowings not yet paid during the period, except for particular borrowings serving the purpose of obtaining a specific asset.

        24. Expenses

            Expenses are those that result in outflows of the economic benefits and are recorded at the time of transactions or when incurrence of the transaction is reliable regardless of whether payment for expenses is made or not.

            Expenses and their corresponding revenues are simultaneously recognized in accordance with matching principle. In the event that matching principle conflicts with prudence principle, expenses are recognized based on the nature and regulations of accounting standards in order to guarantee that transactions can be fairly and truly reflected.

        25. Corporate income tax

            Corporate income tax includes current income tax and deferred income tax.

            Current income tax

            Current income tax is the tax amount computed based on the taxable income. Taxable income is different from accounting profit due to the adjustments of temporary differences between tax and accounting figures, non-deductible expenses as w'ell as those of non-taxablc income and losses brought forward.

            Deferred incozrie tax

            Deferred income tax is the amount of corporate income tax payable or refundable due to temporary differences between book values of assets and liabilities serving the preparation of the Financial

            These notes form an integral part mand should be reaâ in conJur«lion irifh thc Cuiisoli Jufcd K-inancial Slaierricmls 18

            BECAMEX INFRASTRUCTURE DEVELOPMENT 3OINT STOCK COMPANY

            Address: No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi Minh City, Viet Nam FINANCIAL STATEME S

            For the 2* quarier of 2025

            Notes lo the Consolidated Financial Statements (cont.)

            Statements and the values for tax purposes. Deferred income tax liabilities are recognized for all the temporary taxable differences. Deferred income tax assets are recorded only when there is an assurance on the availability of taxable income in the future against which the temporarily deductible differences can be used.

            Carrying values of deferred corporate income tax assets are considered as of the balance sheet date and will be reduced to the rate that ensures enough taxable income against which the benefits from pan of or all of the deferred income tax can be used. Deferred corporate income tax assets, which have not been recorded before, are considered as of the balance sheet date and are recorded when there is certainly enough taxable income to use these unrecognized deferred corporate income tax assets.

            Deferred income tax assets and deferred income tax liabilities are determined at the estimated rate to be applied in the year when the assets are recovered or the liabilities are settled based on the effective tax rates as of the balance sheet date. Deferred income tax is recognized in the Income Statement. In the case that deferred income tax is related to the items of the owner's equity, corporate income tax will be included in the owner's equity.

            The Group shall offset deferred tax assets and deferred tax liabilities if:

            • The Group has the legal right to offset current income tax assets against current income tax liabilities; and

            • Deferred income tax assets and deferred income tax liabilities are relevant to corporate income tax which is under thg management of one tax authority either.

              • Of the same subject to corporate income tax; or

              • The Group has intention to pay current income tax Iiabilities and current income tax assets on a net basis or recover tax assets and settle tax liability simultaneously in each future period to the extent that the majority of deferred income tax liabilities or deferred income tax assets are paid or recovered.

        26. Related parties

            A party is considered a related party of the Group in case that party is able to control the Group or to cause material effects on the financial decisions as well as the operations of the Group. A party is also considered a related party of the Group in case thai party is under the same control or is subject to the same material effects.

            Considering the relationship of related panies, the nature of relationship is focused more than its legal form.

        27. Segment reporting

        A business segment is a distinguishable component of the Group that is engaged in manufacturing or providing products or services and that is subject to risks and returns that are different from those of other business segments.

        A geographical segment is a dist'n6UiShable com ponent of the Group tha' '* ••sa6ed in rnanufacturing or providing products or services within a particular economic environment and that is subject to risks and returns that are different from those of components operating in other economic environments.

        The segment information is prepared and presented in conformity with the accounting policies applicable to the preparation and presentation of the Consolidated Financial Statements of the Group.

        ‘“

        19

        t” ‘

        BECArirx zNrRASTRUCTURE DEVELOP?'gENT JOINT STOCK COI PANY

        Address: No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi Minh City, Viet Nam FINANCIAL STATEMENTS

        For the 2* quarter of 2025

        Notes to the Consolidated Financial Statements (cont.)

        1. ADDITIONAL INFORMATION ON THE ITEMS OF THE CONSOLIDATED BALANCE SHEET

           1. Casii and cash equivalents

              Cash on hand Cash in banks Cash in transit

              Cash equivalents (bank deposits of which the principal maturity is from 3 months or less) Total

              Ending balance

              2.552.9 I 1.138

              95.835.053.113

              139.826.741

              15.000.000.000

              113.527.790.992

              Beginning balance

              2.020.401.804

              63.806.425.753

              87.07J .237

              14.000.000.000

              79.913.898.794

           2. Held-to-maturity investments

              This item reflects deposits of which the principal maturity is more than 3 months to 12 months.

           3. Sbort-terrn/loog-term trade receivables

              3o. Shorz-ferm trade receivables

              Receivables from related panics

              Investment and Industrial Development Joint Stock Corporation

              Becamex Tokyu Co., Ltd.

              My Phuoc Hospital Joint Stock Company Vietnam Technology & Telecommunication Joint Stock Company

              Eastern International University

              Vietnam — Singapore Industrial Park Joint Venture Co., Ltd.

              Becamex Binh Phuoc Infrastructure Development Joint Stock Company

              Binh Duong Trade and Oevelopment Joint-Stock Company

              Becamex Binh Oinh Joint Stock Company

              Receivables from order customers

              Total

              3b. long-term trade receivables

              Receivables frozri related parties

              Investment and Industrial Development Joint Stock Corporation

              Becamex Urban Development Joint Stcck Company

              My Phuoc Hospital Joint Stock Company

              Receivables from other customers

              Total

           4. Sbori-term prepayments to suppliers

        Ending balance

        54.144.638.244

        43.076.802.171

        175.594.731

        8.493.397.500

        10.304.000

        75.454.735

        2.313.085. I07

        532.843.834.702

        586.988.472.946

        Ending balance

        12.966.583.500

        529.212.000

        ] 1.437.719.000

        999.652.500

        255.41!!.210. 120

        268.376.793.620

        Ending balance

        Beginning balance

        58.422.551.833

        46.150.890.558

        86.586.831

        8.493.397.500

        250.871.516

        267.029.061

        6.437.400

        828.820.200

        2.336.829.107

        1.689.660

        536.916.190.116

        595.338.741.949

        Beginning bataace

        12.966.583.500

        529.212.000

        l 1.437.719.000

        999.652.500

        286.599.166.307

        299.565.749.807

        Beginning balance

        20 “ ‘

        BECAF4EX INFRASTRUCTURE DEVELOPF4ENT 3OINT STOCK COMPANY

        Address: No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi Minh C ity, Viet Num

        FINANCIAL STATEMENTS

        For the 2^ quarter of 2025

        	Ending balance Prepayments to related party 106.000.000 Investment and Industrial Development Joint	Beginning bgâance
        	Stock Corporation 106.000.000	106.000.000
        	Prepayments to other suppliers 4.579.216.383	5.959.421.040
        	Other suppliers 4.579.216.383	5.959.421.040
        	Total 4.685.216.383	6.065.421.040
        5.	Otber receivables
        So.	Oiher shoal-term receivables
        	Ending balance	Beginning balance

        Notes to the Consolidated Financial Statements (cont.)

        	Value	Allowance	Value	Allowance
        Receivables from related parties	27.708.542.339		- 29.284.538.871
        Investment and Industrial Development Joint Stock Corporation - Profit received for Becamex City Center project	27.708.542.339		- 27.703.478.871
        Investment and Industrial
        Development Joint Stock
        Corporation - Management fee
        receivable	-		1.581.060.000		-
        Receivables from other
        organizerions and individuals	11.368.797.797
        Receivables for payments made
        on behalf of customers for
        application for land use right
        certificates	1.095.695.987		1.712.573.684
        Corporate income tax
        provisionally paid for the
        amount received in advance
        from the transfer of property	454.673.389		119.040.732
        Bank deposit interests to be
        received	36. I 64.384		294.172.050		-
        Advance to employees	853.795.06 I		8 I8.226.927
        Short-term deposits and
        mortgages	2.448.650.000		440.000.000

        Other short-term receivables 6.479.818.976 6.702.520.715

        Sb.

        Total 39.077.340.136

        Other lang-term receivables

        - 39.371.072.979 -

        Receivables from related

        parties

        Investment and 1ndustrial Development Joint Stock

        Eodiog balance Yalue A llowaacc

        474.328.361.961

        Beginning balance Val ue Allowance

        474.32B.361.96J -

        Corporation — Investment in 473.602.061.961 - 473.602.061.961

        These nores fomi on iniegrol pnrt ofnnd shoulct be reisd in conduction wrist che ( onsoliduteJ f'iririricra7 Stalement,i 21

        BEc uzx z rRA5TRUCTURE DEVELOPPIENT JOINT STOCK COPIPANY

        Address: No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi Minh City, Viet Nam FINANCIAL STATEMENTS

        For the 2'• quarter of 2025

        Nples to the Consolidated F•ingn cial Statements (cont.)

        Becamex City Center project t’* Investment and Industrial Development Joint Stock Corporation - Deposit for project management and construction

        Becamex Binh Phuoc Infrastructure Development Joint Stock Company - Deposit for leasing houses

        Receivables froot other

        Ending balance Value Allowance

        210. I 00.000

        516.200.000

        Beginning balance Value Allowance

        210.100.000 -

        - 5 I 6.200.000 -

        organizations	285.000.000
        Long-term deposits and mortgages	285.000.000	-	285.000.000
        Total	474.613.361.961	-	474.613.361.961

        (’)

        This is a business project cooperated with Investment and Industrial Development Joint Stock Corporation to construct Becamex City Center with a total area of over 61.000m2. This project is a complex comprising offices, high-end apartments, trade center, 5-star hotel, entertainment area, parking lot, park, etc. and many other utilities. Some of the project's works have been completed and put into operation, while others are still under construction.

6. Overdue debts

   Endiag balance Beginning balance

   Overdue Recoverable Overdue Recoverable

   period Original amount amount period Original qmount amount

   Receivables for sales of real estate	Less than 6 months	17. 762. 320. 784	17.?62 320.784	Less than 6 months	z!9.667 060. 207	29.667. 060. 2P7
   	from 6 months to I year	28 381. ñ_!6 d8ñ	28 381.0s!6 880	From 6 months to I year	?2. 069 395. 000	!. 069. 395.000
   	I-rom 1 year to 2 years	46.738. 959. 423	46.738.959.4? 3	L'rom 1 year to 2 years	53. z*68.d20 173	53. 268 820. 173
   	I'roar 2 years to 3 years	8t1.66h. Hl 1.25a	80.660. 011. !50	I''rom 2 years to 3 years	7S. 306.322. ISO	7S. 306.322. 150
   	.Afore than 3 years	285.667 712 053	285 667. ? I ^. h55	.Afore than 3 years	281.93B. 459. ñ05	281. 938 439.50i
   ozganizaiions and
   individuals
   	L'roin 6			mom 6
   	months to less			months to less
   	ihan 1 year			than I year	905.695.864	633.987.105
   	T'rom 1 ear			L'rom 1 y'eor
   	to le.s.s lhan 2 Years	6.077.447 79_*	3.t13R.?23 f96	to less than 2 years	8.007.158.386	3.764.101.722
   	rFom _! yyars to 3 years	I. 122. 756. 822	336.827. 6J7	From 2 years to 3 years	102.424.400	30.727.320
   	Store ihan 3	5. 463. 532		Afore than 3

   gene notes/cm on integral fxirl ofund shoutd be read rri conJ ation •i ith chs Comc›fi‹fored K-rna+ic+of Siocamence 22

   BECAf IEX INFRASTRUCTURE DEVELOPMENT JOINT STOCK COF4PANY

   Address: No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi Minh City, Viet Nam FINANCIAL STATEMENTS

   For the 2* quarter of 2025

   Notes to the Consolidated Financial Statements (cont.)

   Total

   Ending balance Beginning balance

   Overdue Recoverable Overdue Recoverable

   period Original amount amoaot prriod Original amount amount

   years years

   466.415.698.538 462.585.581.335 471.265.335.685 466.678.873.182

7. laveatories

Materials and supplies Tools

Ending balance Beginning balance

Original costs Allowance Original costs Allowance

3.318.866.756 3.115.460.735

2.001.236.794 1.823.236.335 -

Work-in-process '*

Real estate

3.707.389.394.256

10.344.348.331

3.665.323.498.01 l -

11 .057.252.817

Merchandises Total

I .728.336.592 - 1.441.165.622 -

3.724.782.182.729 - 3.682.760.613.520 -

Work-in-process mainly includes cost of construction works such as townhouses, commercial areas, villas, apartments, etc. This project is under construction, so this item mostly reflects costs of land use right transfer. Additionally, there are some other costs such as costs for geological survey, construction of rough houses, construction of traffic, drainage systems, capital costs, etc.

Some work-in-process with a carrying amount of VND 575.564.979.246, have been mortgaged to secure loans from BIDV - Binh Duong Branch, Vietcombank — Binh Duong Branch. VIB, and MB

- Binh Duong Branch (see Note No. V.22).

Thesc notes form ter integral xml ofand should be read in conman:tion with the Consolutule d K-inunc ial Smcemencs 23

BECAuzx z rRASTRUCTURE DEVELOPPIENT JOINT STOCK COMPANY

Address: No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi Minh City, Viet Nam FINANCE AD STATEMENTS

Por the 2* quarter of 2025

Notes to the Consolidated Financial Statements (cent.)

1. Tangible fized assets

   Buildings and

   Machinery and

   Office ‹» ibid

   Historical costs

   structures

   e ui e t Vehicles equipment fized assets

   Beginning balance 1.ill8.230.732.052 Acquisition during

   I 8.656.433.622 14.841.364.178 I09.636.127.113 45.000.000 1.161.409.656.965

   the period

   24 I .000.000

   2.355.4 I 5.727 1.861.511.820 9.499. 533. 948 - I 3.957.46 1.495

   Ending balance

   In which.’

   Asseis fully depreciated but still in use

   Depreciation Beginning balance Depreciation during the period

   Ending balance

   1.018.J7t.732.0?2 21.0 I1.&19O49 16.702.875.998 I19.135.661.061 45.004.000 1.175.367.118.464

   24.420.342.127	4.ION.321 .383	4.348.379.865	28.076.95 I .63'7		60.950.995.01 2
   S61.365.923.OU	8.06I.6t2.853	8.770.52-L83.5	5t.280.278.639	23.437.500	629.504.776.878
   20.525.128.498	I.02t.284.710 589.107.368 3.924.633.647			5.625.000 26.065.779.223
   S81.891.051.ñ49	9.085.897.5G3 9.359.632.203 55.204.9J2.286			29.062.'TOO 655.570.556.101

   Net book values

   Beginning balance 456.W.809.001 1ti.S9l.820.769 6.070.839.333 58J5S.848.474 21.562.500 53T.904.880.OBE , ,

   Ending balance 436.S$4.680.503 I1.925.U 1.786 7.343.2J3.795 63.930.748.775 15.937.SQL 519.79B.542.359

2. Intangible fixed assets

   Beginning

   Research end

   development Computer

   Initial costs
   balance Acquisition	412.500.000 24.951.458.162 3.913.993.558			29.277.951.720
   during the period	- 963.000.000 965.000.000
   Ending balance	412.500.000 25.916.458.162 3.913.993.558 30.242.951.720
   In which:
   Assets fully
   amortized but
   still in use	412.500.000	4.023.062.33 l		4.435.362.331
   Beginning
   balance	412.500.000	12.933.324.347	215.269.659	13.561.094.006
   Amortization
   during the period	I.250.035. ii64 39.139. 938			i .289. 1 75.802
   Ending balance	412.500.000 14.381.360.211 25J.409.597			14.850.269.808
   Net book values
   Beginning
   balance	12.018.133.815 3.698.723.899			15.716.857.714
   Ending balance	- 11.733.097.9 i1 3.659.583.961			15.392.681.912
   In which:

   costs software Land use right Total

   ‘

   £g ».

   Caer noieJ form on iniegro I part ofand should be read in cynjerrs iioy n'iih the Coiisolidaied Finmiciol 5’ioicnieruc

   24 ‘

   BECAMEX INFRASTRUCTURE DEVELOPI ENT 3OINT STOCK COI IPANY

   Address: No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi Minh City, Viet Nam FINANCIAL STATEMENTS

   For the 2* quarter of 2025

   Notes to the Consol idsled Financial Statements (com.)

   Research and

   development Computer

   costs software Land use right Total

   Assets

   tern porarily not in use

   Assets wailing

   for liquidation -

3. Investment property

   Izivertment property, for lease /

   This item reflects costs of constructing commercial floor area of Aroma project, workers' houses in Hoa Loi residence area and Sunflower villas for lease. During the period, the Company transferred 4 floors of Becamex Tower to Investment and Industrial Development Joint Stock Corporation.

   Beginning balance

   Accumulated '.

   Historical costs depreciation Net book values 540.299.639.700 25.781.525.208 514.518.114.492 .

   Depreciation during the period 5.093.236.392

   Ending balance 540.299.639.700 30.874.761.600 509.424.878.100 '

   Some investment properties, of which the carrying amouni of land use right is VND 327.299.502.540, have been mortgaged to secure loans from BIDV - Binh Duong Branch,VIB and MB - Binh Duong Branch (see Note No. V.22).

   According to Vietnamese Accounting Standard No. 05 “investment property", it is required to present fair value of investment property as of the balance sheet date. However. the Group has not had conditions to measure fair value of investment property.

4. Long-term work-in-process

   Ending balance

   Recoverable

   Beginning balance

   Recoverable

   Residence area project at Hamlet

   Original costs

   va lue

   Original costs

   value

   5C Lai Uyen 363.571.721.111 363.57 1.721 .111 361 .918.1 l 6.258 361.918.116.258

   Hoa Loi resettlement area project 306.411.381.942 306.41 l .381.942 280.457.043.906 280.457.043.906

   Total 669.983.103.053 669.983.103.053 642.375.160.164 642.375.160.164

   The above projects have been temporarily suspended as the Group is waiting for the appropriate time to resume the implementation.

5. Construction-in-progress

   This item reflects the costs for renovation of National 1-lighway 13.

6. Long-term financial investments

   The Group's investments in other entities are as follows:

   Ending balance Beginning balance

   Original am ount Provision Original amount Provision

   In vestments in associate 878.533.77ii.865 - 807.646.279.268

   These nores form an iniegro I yen of urâ should b« reed m cosy unciion • i ih the Consolidated Finmicial Siaieaienis

   25 ‘“

   ezcAriEx zNrRASTRUCTURE DEVELOPMENT 3OINT STOCK COPIPANY

   Address: No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi Minh City. Viet Nam FINANCIAL STACEMENTS

   For the 2* quarter of 2025

   Notes to the Consolidated Financial Statements (cont')

   Ending balance Beginning balance

   Original amount Provision Original amount Provision

   Becamex Binh Phuoc Infrastructure Development Joint Stock

   Company""

   Ho Chi Minh City — Thu Dau Mot — Chon Thanh Expressway Joint Stock Company (iv) Investments in other

   entities

   Vietnam Technology & Telecommunication Joint Stock Company*'* Becamex International General Hospital Joint

   858.533.770.865

   20.000.000.000

   17.000.000.000

   - 807.646.279.26B

   G!

   I 7.000.000.000

   Stock Company*"*

   10.000.000.000

   I 0.000.000.000

   Total 9ii5.533.770.865 - 834.646.279.268 -

   (+i i)

   On 25 February 2022, the Board of Management approved the Resolution No. 02/HQ-HDQT on acquiring 1.700.000 shares of Vietnam Technology & Telecommunication Joint Stock Company at the total acquisition price of VND 17.000.000.000.

   On 26 December 2022, the Board of Management approved the Resolution No. 18/NQ-HOQT on acquiring 2.000.000 shares of Becamex International General Hospital Joint Stock Company at the total acquisition price of VND 20.000.000.000. On 20 October 2023, the Board of Management approved the Resolution No. 37/NQHDQT on transferring I .000.000 shares of Becamex International General Hospital Joint Stock Company at the total transfer price of VND 10.000.000.000.

   On 26 May 2023, the Board of Management approved the Resolution No. 13/NQ-HOQT on acquiring 55.500.000 shares of Becamex Binh Phuoc Infrastructure Development Joint Stock Company at the total acquisition price of VND 666.000.000.000. On 08 August 2024, the Board of Management approved the Resolution No. 26/NQ-HDQT on acquiring 450.000 shares of Becamex Binh Phuoc Infrastructure Development Joint Stock Company at the total acquisition price of VND 5.400.000.000. On 26 August 2024, the Board of Managcment approved the Resolution No. 27fNQ-HOQT on acquiring 750.000 shares of Becamex Binh Phuoc Infrastructure Development Joint Stock Company at the total acquisition price of VND 7.500.000.000. On 30 October 2024, the Board of Management approved Resolution No. 35/NQ-HOQT on acquiring 438.750 shares of Becamex Binh Phuoc Infrastructure Development Joint Stock Company at the total acquisition price of VND 5.265.000.000. The Group invested VND 684.165.000.000, equivalent to 31,77% of charter capital.

   l•': ) On January 23, 2025, the consortium consisting of the Investment and Industrial Development Joint Stock Corporation, the Becamex Infrastructure Development Joint Stock Company, Becamex Binh Phuoc Infrastructure Development Joint Stock Company, and Deo Ca Group Joint Stock

   Company signed the founding shareholders' meetinfi miftutes regarding the establishment of the Ho Chi Minh City — Thu Dau Mot — Chon Thanh Expressway Joint Stock Company, with a charter capital of VND 100.000.000.000. As of June 30, 2025, the Becamex Infrastructure Development

   Joint Stock Company had contributed VND 20.000.000.000 equivalent to 20%.

   77teJe riofei/error on Jnfcgrnf pri o/oitd s7iould 5e reed in conjunction u'iff iAc Consc›frdoied K-iiiancial Statements 26 ’ ’

   BECAMEX INFRASTRUCTURE DEVELOPPIENT 3OINT STOCK COPIPANY

   Address: No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi Minh C ity, Viet Nam FINANCIAL STATEMENTS

   Por the 2* quarter of 2025

   Notes to the Consolidated Financial Statements (cont.)

   Fair value

   The Group has not measured the fair value of the investments because there is no specific instruction on measurement of fair value.

   Provisions for invests ents in other entities

   Fluctuations in provisions for investments in other entities are as follows:

   Current period

   Beginning balance -

   Provision made

   Reversal of provision

   Previous period

   510.000.000

   (510.000.000)

   Ending balance -

7. Trade payables

   15a. '›hort-ferm wade payables

   Payables to related parties

   Investment and Industrial Development Joint Stock Corporation

   Vietnam Technology & Telecommunication Joint Stock Company

   Bînh Duong Trade and Development Joint-Stock Company

   Eastem International University

   My Phuoc Hospital Joint Stock Company

   Payables to supplier.s

   ACC Binh Duong Investment and Construction Joint Stock Company

   Œher suppliers

   Total

   Ending balance

   695.207.422.394

   692.076.425.800

   2.414.16 l .803

   541.635.391

   128.115.000

   47.084.400

   18.515.315.24 7

   3.479.512.379

   15.035.802.868

   713.722.737.641

   Beginning balance

   671.138.977.907

   667.726.443.67 l

   2.742.783.845

   541.635.391

   l 28.115.000

   4.339.419.295

   2 L201.456.178

   696.679.853.380

   15b. Long-term trade payables

   This item reflects payables for receipt of land use right transferred Development Joini-Stock Company.

   by Binh Duong Trade and

   1Sc.

   Overdue debts

   The Group has no overdue trade payables.

8. Shori-terni advances from customcrs

   Eastem International University Advonces from other customers Mr. Dam Van Khanh

   Other customers

   Toial

   Ending balance

   1.187.577.000

   14.869.024.814

   16.056.601.814

   Beginning balance

   6.229.566

   10.802.746.#34

   I.187.577.000

   9.615.1 69.834

   10.808.976.400

   Thèse notes form an integrol part ofond .slinuIö be read in conJunction w'ith the Consolidated Financial Staiemeno

   BECANEX INFRASTRUCTURE DEVELOP¥4EMT 3OINT STOCK COFgPANY

   Address: No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi Minh City, Viet Nam FINANCIAL STATEMENTS

   For the 2* quarter of 2025

   Nples Io the Consolidated Financial State-end (C°"*')

9. Taaes and other obligations to ibe State Budget

   Beginning Amo•nt

   balance payable during

   Amount paid Ending balance

   during the period Payables Receivable

   Payables the period

   VAT on local sales 2.670.430.450	3.239.6 I 0.913	(7.003.801.088)		1.093.759.725
   Corporate income 20.294.708.301	29.302.638.456	(21.768.828.686)	27.828.518.071
   Personal income 5.408.621.110	1.403.869.588	(6.853.769.552)		41.278.854
   Otter faxes	786.705	96.464.487 (97.006.261) 244.931
   Total	28.374.546.566	34.042.583.444 (35.723.405.587) 27.828.763.002		1.135.038.579

   Value odded tae fVAT)

   The Group companies have paid VAT in accordance with the deduction method. The tax rates applied are as follows:

   Transfer of land use right Collection of water charges Other activities

   • Goods and services will be applied diJTerent tax rates according to the Government's Decree No. 180/2024/ND-CP dated 31 December 2024 for the period from 01 January 2025 to 30 June

     2025.

     Not subject to tax 5%

     08% or 10%

     Corporate income tax

     The Group companies have to pay corporate income tax on taxable income at the rate of 20%.

     Determination of corporate income tax liability of the Group companies is based on currently applicable regulations on tax. Nonetheless, these tax regulations may change from time to time and tax regulations applicable to variety of transactions can be interpreted differently. Hence, the tax amounts presented in the Consolidated Financial Statements can be changed upon the inspection of tax authorities.

     Corporate items tax provisionally paid for the amount received in advance from the transfer of

     The Group companies have to pay provisionally corporate income tax at the rate of I % on the amount received in advance from the transfer of property in accordance with regulations of the Circular No. 78/20 14/TT-BTC dated 18 June 2014 of ihe Ministry of Finance. The Group companies will finalize the accounts of corporate income tax payable for this activity upon handing-over of property.

     Other taxes

     The Group companies have declared and paid these taxes in line with the prevail ing regulations.

10. Payables to employees

    This item reflects salary to be paid to employees.

11. Shori-term accrued expenses

    These notes form rim iniegrnf Sri o/and i/iouId Ge read in conJ unction wah tht ConsoIidau:d I-ini:aicioI dicumenri 28 ’ ’

    BECAMEX INFRASTRUCTURE DEVELOPI•tENT 3OINT STOCK COf1PANY

    Address: No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi Minh City. Viet Nam

    FINANCIAL STATEMENTS

    For the 2* quarter of 2025

    e C s id S a

    Payables to related parties

    Investment and Industrial Development Joint Stock Corporation

    • Accrual for transfer of land use r!'ehi ai IJC2 Coizimercial Town

      Accrual for transfer of land use right at UC Urban Area

    • Interests on late dividend payment Vietnam — Singapore Industrial Park Joint Venture Co., Ltd.

    • Accrual for transfer of land use right at Hamlet 1, Hamlet 5 Vinh Tan

    Vietnam Technology & Telecommunication Joint

    Ending balance 128.552.210.242

    126.128.514.363

    1. 4J 7.153.249

    119.67 l.361.114

    2.423.343.359

    2.423.343.359

    Begizioiog balance 160.606.863.001

    JS8.183.120.821 6.457.153.249

    43.252.740.876

    108.473.226.766

    2.423.343.359

    2.423. 343.359

    Stock Company 352.520

    Accrual of telephone charges 352.520

    Payables to other organizations and individuals J22.392. 905.403

    Accrual of costs of infrastructure ot Sunflower 2

    398.751

    398.73J

    121.922.708.821

    Villas

    Accrual of costs of infrastructure of Hoa Loi

    ReseSementArea

    Accrual of cosE of infrastructure of UC Urban Area

    Loan interest expenses

    Other short-term accrued expenses

    Total

    5.625.002.177

    294.694.505

    108.674.1 69.675

    2.211.230.016

    5.587.809.030

    250.945.115.645

    5.801.228.680

    ’* “

    294.694.505

    108.674.169.675

    1.889.725.612

    5.262.890.349

    282.529.571.822

12. Unearned revenues

    This item reflects the payment on the basis of contract progress of received real estate handover.

    customers who have not

13. Other short-terrnflong-term payables

21a. Other short-term payables

Payables to related panies

Investment and Industrial Development Joint Slock Corporation:

Payables fon collection of Becau« rower office rental on this corporation 's behalf Payables%r collection of Sunrise o rtmen/-

Ending balance

311.704.903.569

311.704.903.569

2.646.826.798

Beginning balance 311.704.903.569

311.704.903.569

2.645.826.79R

related amounts on this corporation's behalf 43.192.787.216

Payables %r collection ofNew Horizon

agurtinerit-rolatrcl arnount.s on this

corporal ion's behalf 1. 948.734.160

Payables for collection from Sunrise Apartment ’s Management Office on this

corporation's behalf I.d86.762.395

Dividends payable 26*.029.793.000 Poyobles towither otganizationx and individerals 35.898.544.14 I Trade Union's expenditure, social insurance 933.824.149

These notes form an integral part of and should be recicl in conJ unction iviih ihe C.omofiduied financial Statements

4J.192.787.216

I.94R. /“34.160

I.8R6.762.395

262.029.793.000

38.432.967.763

1.205.02L183

29 ’ ’