IJC discloses Parent company financial report Second quarter 2025

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

Email: info@becamexijc.com

Ngày ký: 16/07/2025 14:09:00 +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 Parent company financial report 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:

   Organization rep

   Legal Represe

   resentative

   ntative

   TRINH THANH HUNG

   • As above;

   • Archives: Office of BOD

Chief Executive Officer

Attached documents:

Parent company financial report Second quarter 2025

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BECAMEX INFRASTRUCNRE DEVELOPMENT JOINT STOCK COMPANY

No. 230 Binli Duong Avenue. Phu Loi Ward. Ho Chi Minh City, diet Nam

Ta‹:oJ‹:3700g03566

form No. B02-DN

(Issued in accordance Lili the Circular No.

200/2014/TT-BTC

detcd 22 December 2014 oF tkc Ministry of Finance )

INCOME STATEMENT

For the 2th quarter of 2025

Unit: VND

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Bui Tbi Tbuy

BC - 25070001

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BECAMEX INFRASTRUCTURE DEVELOP84 ENT JOINT STOCK COMPA

No. 230 Binh Duong Avenue, Ptu Loi Ward, Ho Chi Mid City, Viet Mem Tax code: 3700805566

Form No. B03-DN

(Issued in accordance will

the Circular flea. 200/2014 -BfC

doled 22 December 2014 ofilie Ministy afrinance)

CASH FLOW STATEMENT

(Indirect melhod)

For Ibe 2" quarter of 2025

Unit: VND

6

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Luong Thi Ngoc Trish

Chief Accountant

Bui Tlii Thuy

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BECAF4EX INFRASTRUCTURE DEVELOPF4ENT 3OINT STOCK COI PANY

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

For the 2* quarter of 2025

NOTES TO THE FINANCIAL STATEMENTS

For the 2'^ quarter of 2025

1. GENERAL INFORMATION

   1. Owaersbip form

      Becamex Infrastructure Development Joint Stock Company (hereinafter referred to as ‘the Company”) is a joint stock company.

   2. Operating field

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

   3. 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 trading services.

   4. Normal operating cycle

      Normal operating cycle of the Company is within 12 months.

   5. StrucMre of tbe Company

      Subsñliaries

      Subsidiary

      Bccamex Hospitality Company Limited

      Becamex Trade Company

      Limited

      Address

      Becamex Hotel, No. 230 Binh Duong A venue, Thu Dau Mot City, Binh Duong Province.

      Becamex Toy.'er, No. 230 Binh Duong A venue. Thu Dau Mot City, Binh Duong Province.

      Capital

      Principal business contribution Irenefit Vof ing activities rate rate rate

      Operating 100% 100% 100%

      restaurants and providing catering, event

      organization, hotel services, acting as an airl ine and

      train ticket agent.

      Operating trade 100% 100% I00% centers, providing

      tourism, passenger transport services, acting as an

      airline and train

      ticket agent.

      WTC Binh Duong One Member Company Limited

      B11, Hung V uong Strcet, Hoa Phu Ward, Thu Dan 84ot Ciry. Birth Duong

      Providing

      management

      0OD5fl )U CJ,

      advertising, organizing trade introduction and promotion.

      100% 100% 100%

      Capital

      Associate

      Subsidiary

      EN.

      Address

      Principal business contribution Benefit Voting activities rate rate rate

      These notes furm

      should be read in conj«nciian wiili the Financial Siotem«ni« 7

      BECaMEx zNrRASTRUCTURE DEVELOPMENT 3OINT STOCK COMPANY

      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 Financial Statements (cont.)

      Becamex Binh Phuoc	National Highway 14.	Real estate	31,77%	31,77%	31,77%
      Infrastructure Development	Group 8, Quarter 3, Chon	investment and
      Joint Stock Company	Thanh Town, Dong Nai	trading
      	Province.
      Ho Chi Minh City — Thu	WTC Tower, No 01, Hung	Road construction	20%	20%	20%
      Dau Mot — Chon Thanh	Vuong Street, Binh
      Expressway Joint Stock	Duong, Ho Chi Minh City.
      Company

   6. Statement of information comparability on the 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 Company's headcount is 197 (headcount at the beginning of the year: 200).

2. ACCOUNTING PERIOD AND ACCOUNTING CURRENCY .T

   1. Accounting period

      The accounting period of the Company is from 01 January to 31 December annually.

   2. Accounting currency unit

      The accounting currency unit is Vietnamese Dong (VND) because ltte Company's transactions are primarily made in VND.

3. ACCOUNTING STANDARDS AND SYSTEM

   Accounting System

   The Company 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 and other Circulars guiding the implementation of Vietnamese Accounting Standards of the Ministry of Finance in preparation and presentation of the Financial Statements.

   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 as well as other Circulars guiding the implementation of Vietnamese Accounting Standards of the Ministry of Finance in preparation and presentation of the Financial Statements.

4. ACCOUNTING POLICIES

Accounting convention

All the Financial Statements are prepared on the accrual basis (exeept for the information related to cash flows).

1. Cash and cash equivalents

   Cash includes cash on hand and demand deposits. Cash equivalents are short-term investments of which the due dates cannot exceed 3 months from the dates of the investments and the

   a.

   on integral part o[and shoyld be read in conjuriction n ith the l•'inanciol Statements

   BECAMEX INFRASTRUCTURE DEVELOPF1ENT 3OINT STOCK COF1PANY

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

   £1NANCIAD STATEMENTS

   For the 2'• quarter of 2025

   Notes to the Financial Statements (cont.)

   convertibility into cash is easy, and which do not have a lot of risks in the conversion into cash as of the balance sheet date.

2. Investrnents in subsidiaries, associate

   Subsidiaries

   Subsidiary is an entity that is controlled by the Company. Control is the Company's power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

   Associate

   An associate is an entity which the Company has significant influence but not the control to govern the financial and operating policies. Significant influence is the right to participate in making the associate's financial and operating policies but not control those policies.

   Initial recognition

   Investments in subsidiaries and associate are initially recognized at costs, including the cost of purchase or capital contributions plus other directly attributable transaction cost. In case of investment in non-monetary assets, the costs of the investment are recognized at the fair value of non-monetary assets at the arising time.

   Dividends and profits of the periods prior to the purchase of investments are recorded as a decrease in value of such investments. Dividends and profit of the periods after the purchase of investments are recorded into the Company's revenues.

   Provisions for impairment of investments in subsidiaries

   Provisions for impairment of investments in subsidiaries, associate are made when the subsidiaries suffer from losses at the rate equal to the difference between the actual capital invested by investors in subsidiaries and the actual owner's equity multiplying (x) by the Company's rate of capital contribution over the total actual capital invested by investors in subsidiaries, associate. If the subsidiaries, associate are consolidated into Consolidated Financial Statements, the basis for impairment provisions is the Consolidated Financial Statements.

   Increases/decreases in the provisions for impairment of investments in subsidiaries, associate as of the balance sheet date are recorded into financial expenses.

3. 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 to the following principles:

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

   • 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.

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

4. Inventories

   These notes%rm an rategral part ofand should be reod in conjunction with tlte Financial Stoiementc 9

   BECAnEx z rRASTRUCTURE DEVELOPI ENT JOINT STOCK COMPANY

   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 Financial Statements (cont,)

   Inventories are recognized at the lower of cost or net realizable value. Cost of inventories is determined as follows:

   • For materials and merchandises: Costs 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 first-out method and recorded in line with the perpetual method.

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

   Allowance for deval nation of inventories is recognized for each type of inventories when their costs are higher than their net realizable values. Increases/(decreases) in the obligatory allowance for devaluation of inventories as of the balance sheet date are recorded into costs of sales.

5. Prepaid expenses

   Prepaid expenses comprise actual expenses incurred and relevant to financial perrormance in several accounting periods. Prepaid expenses of the Company mainly include tools, payments incurred for National Highway 13 maintenance and repair, and automatic toll collection devices. 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 and repair

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

   Atttomatic toll collection devices

   Automatic toll collection devices are allocated into expenses for the maximum period of 3 years.

6. 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 Company's operation costs in accordance with the straight-line method over the lease term and do not depend on the method of lease pay ment.

7. Tangible fixed assets

   Tangible fixed assets are determined by their historical costs less accumulated depreciation. Historical costs of tangible fixed assets include all the expcnscs paid by the Company to brins 'he 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

   noted form ay integral part of artd should be read in cortjurtflion xi'iIli the f'inancial Slalemenls 10

   BECAF4EX INFRASTRUCTURE DEVELOPMENT JOINT STOCK COf•'IPANY

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

   For the 2* quarter of 2025

   Notes to the Financial Statements (cont )

   of these assets. Those which do not meet the above conditions will be recorded into operation costs

   duñngthe periOd.

   When a tangible fixea asset is sold or disposed, its historical cost and accumulated depreciation are written off, 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 their estimated useful lives. 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

8. Intangible fiaed assets

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

   Initial costs of intangible fixed assets include all the costs paid by the Company to bring the asset to its working condition for its intended use. Œher costs relevant to intangible fixed assets arising subsequent to initial recognition are included into operation costs during the period only if thèse costs are associated with a specific intangible fixed asset and result in future economic benefits expected lo be obtained from the use of thèse 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 Company's intangible fixed asset only includes computer software.

   Expenses attributable to computer software, which is not a part associated with the relevant hardware, will be capitalized. Costs of computer software include all the expenses paid by the Company until the date the software is put into use. Computer software is amortized in accordance with the straight-1 ine method in 5 years.

9. Investment properties

   Investment property is property which is land use right. a building or pan of a building, infrastructure held by the Company or by the lessee under a finance lease to earn rentals or for capital appreciation. Investment properties for lease are measured at their historical costs less accumulated depreciation. Investment properiies for capital appreciation are measured at their historical costs less impairment. Historical cost includes all the expenses paid by the Company or the fair 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 to the historical cost of the investment property when it is probable that future economic benefits, in excess of the originally assessed standard of performance of the existing investment property, will flow to the Company.

   Thesc notec form on tureoral pari ofand chould be read in conjonction ›viih the Financial Siaiumenic 1 I

   BECAriEx z FRASTRUCTURE DEVELOPf•lENT 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

   Notes to the Financial Statements (cont )

   When the investment property is sold or disposed, its historical cost and accumulated depreciation are written 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 progeny to owner-occupied property or inventories shalJ be made when, and only when, there is a change in use evidenced by the commencement of owner-occupation or the commencement of development wiih a view' to sale. The transfer from investment property to owner-occupied property or inventories does not change ihe historical cost or net book value of

   investment property at the date of transfer. .

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

10. Construction-in-progress

    Construction-in-progress reflects the expenses (including relevant loan interest expenses follow ing the accounting policies of the Company) directly attributable to assets under construction, machinery 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.

11. Contractual arrangement jointly controlled operations

    In respect of its interests in jointly controlled operations, the Company shall recognize in its Financial Statements:

    • the assets that the Company controls.

    • the liabilities that the Company incurs.

    • the Company earns from the sale of goods or services by the joint venture.

    • the expenses that the Company incurs.

12. Payables and accrued expenses

    Payables and accrued expenses are recorded for the amounts payable in the future associated with the goods and services received. Accrued expenses are rccorded 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 lhe Company.

      « 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

      gooâs or provisions of services.

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

      These notes form ay iyiy graI gem ofand sliould he recM in oorijurirl ion w’it£ INe Financial Statements 12

      BECArizx zNrRASTRUCTURE 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 Financial Statements (cont.)

13. 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 premium.

    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 expenses or capitalized.

14. Owner's equity

    Owner's capital

    Capital is recorded according to the actual amounts invested by shareholders.

    Share premiums

    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 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.

15. Profit distribution

    Profit 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 that may affect cash flow's 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.

16. Recognition of revenue and income

    Sales of service provision

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

    • The amount of sales can be measured reliably. When the 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 Company received or shall probabl)' 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 serv ices 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.

      finales of real estates

      notes form on integol part o(ond cliovld be read
      J3

      BECAMEX INFRASTRUCTURE DEVELOPPIENT JOINT STOCK COPIPANY

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

      Por the 2* quarter of 2025

      iNotes to the Financial Statements (cont.)

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

    • real estates are fully completed and handed over to the buyers, and the Company transfers most of risks and benefits incident to the ownership of real estate to the buyer.

      « the Company retains neither continuing managerial involvement to the dei;ree usually associated with ownership nor effective control over the real estates sold.

    • the amount of sales can be measured reliably.

    • the Company 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 the 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, revenues are recognized upon the completion and handover of the main construction works to customers.

      Income from leasing operating assets

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

      Royalties

      Royalties are recognized on the accrua] basis in accordance with the substance of the relevant

      agreement.

      Dividends ond profit shared

      Dividends and profit shared are recognized when the Company has the right to receive dividends or profit from ihe capital contribution.

17. 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 to construction progress: sales and expenses relevant to the contracts are recognized to corresponding completed assignment determined by the Company as of the balance sheet date.

    • For construction contract in which the contractor is entitled to pay according to volume of work done: sales 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 inio sales when these are mutually agreed with the customer.

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

      • ' .

      These notes form an integral part ofond slivulH be reaol in conjunction i+ ir/i the Financial Sioiemenis 14

      BECAf1EX INFRASTRUCTURE DEVELOPF1ENT 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 to the Financial Statements (cont )

    • Sales are only recognixed equivalent to the contract's expenses and the payment is relatively reliable.

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

      Difference between total accumulated sales of 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.

18. Revenue deductions

    Sales deductions only include sales returns incurred in the same period of providing products, merchandises, in which revenues are derecognized.

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

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

    • If sales returns incur afler the release of the Financial Statements, revenues are derecognised on the Financial Statements of the following period.

19. Borrowing costs

    Borrowing costs arc interests and other costs that the Company 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 ir 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 apply ing 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 tiae period, except for particular borrowings serving the purpose of obtaining a specific asset.

20. Expenses

    Expenses are those that result in outflows of the economic benefits and are recorded at the time of transactions or when incurrcnce 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 princi ple. 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.

21. Corporate income tax

    ffiJ .

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

    These

    an integral purl o(and should be reed in conjiuicliori wiih the I-'inancial Sioiements l5BECAF4EX INFRASTRUCTURE DEVELOP54ENT 3OINT STOCK COI PANY

    Address: No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi Minh C ity, Viet Nam FINANCIAL S’£A I EMENTS

    For the 2* quarter of 2025

    Notes to the Financial Stqtemegts (com.)

    Current incame 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 well as those of non-taxable income and losses brought forward.

    Deferred income tax

    Deferred income tax is the amount of corporaie income tax payable or refundable due to temporary differences between book values of assets and liabilities serving the preparation of the Financial 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 availabiliiy 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 part 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 Company shall offset deferred tax assets and deferred tax liabilities if:

    • The Company 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 the management of one tax authority either:

    Of the same subject to corporate income tax; or

    rhe Company has intention to pay current income tax liabilities and current income tax assets on a net basis or recover tax assets and senle 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.

22. Related parties

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

    ConsidCring the relationship of related parties, the nature of relationship is focused morc than its legal form.

23. Segment reporting

A business segment is a distinguishable component of the Company 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.

ID-' >

These notes form an integral pan ofomd sltoall he reod in conjunction tviih ltte I‘inonciol Sloiemenis 16

BECAI EX INFRASTRUCTURE DEVELOPMENT 3OINT STOCK COF4PANY

Address: No. 230 Binh Duong Avenae, Phu Loi Ward, Ho Chi Minh City, Viet Nam FINANCIAL STA TEMENf S

For the 2* quarter of 2025

Notes to the Financial Statements (cont.)

A geographical segment is a distinguishable component of the Company that is engaged in manufacturing 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 Financial Statements of the Company.

1. ADDITIONAL INFORMATION ON THE ITEMS OF THE BALANCE SHEET

   		Ending balance	Beginning balance
   	Cash on hand	1.077.856.010	891.276.465
   	Demand deposits in banks	58.459.512.322	12.032.830.117
   	Cash equivalents (bank deposits of which the
   	principal maturity is within 3 months)		10.000.000.000
   	Total	59.537.368.332	22.924.106.582
   	Short-termflong-term trade receivables
   	Short-term traJe receivables
   		Ending balance	Beginning balance
   	Receivables frotri related parties	49.923.483.073	43.449.698.417
   	Investment and Industrial Development Joint	32.762.765.389
   Stock Corporation			3 ] .492.490.389
   Becamex Hospitality Company Limited		246.000.000	472.000.000
   Becamex Trade Company Limited		6.108.235.077	678.725.421
   	Binh Duong Trade and Development Joint-Stock 2.313.085.107		2.313.085.107
   	My Phuoc Hospital Joint Stock Company	8.493.397.500	8.493.397.500
   	Receivables from other customers	521.294.415.853	520.803.201.374
   	Total	571.217.898.926	564.252.899.791
   2b.	Long-term trade receivables
   		Ending balance	Beginning balance
   	Receivables frooi relaiedparties	13.281.583.500	13.281.583.500

   1. Casb aad casb equivalents

      Company

      Investment and Industrial Development Joint Stock Corporation

      529.212.000

      529.212.000

      Becamex Urban Development Joint Stock Company Becamex Trade Company Limited	11.437.719.000 315.000.000	11.437.719.000 3 I 5.000.000
      My Phuoc Hospital Joint Stock Company	999.652.500	999.652.500
      Receivables from other customers	255.410.2J0.120	286.599.166.307
      Total	268.691.793.620	299.880.749.807
      3. Sbort-term prepayments to suppliers
      Prepayments to related party	Ending balance 106.000.000	Beginning balance 106.000.000

      - .

      {Izese yoie5 fyrm yn inla y;ral pnrt ofond sltoctld be read in conjunction xv'itli tha financial Statements 17

      BECAucx iNrRASTRUCTURE DEVELOPMENT JOINT STOCK COPIPANY

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

      For the 2* quarter of 2025

      Notes to the Financis I Statements (cont.)

      	Ending balance	Beginning balance
      Investment and Industrial Development Joint Stock Corporation	106.000.000	106.000.000
      Prepayments to other suppliers	2.380.458.695	3.704.32J.030
      Prepayments to other suppliers	2.380.458.695	3.704.321.030
      Total	2.486.458.695	3.810.321.030

      1. Other short-termflong-term receivables

         4a. Other shan-term receivables

         	Value	Allowance		Value	Allowance
         Receivables from related panies Investment and Industrial Development Joint Stock Corporation - Profit received for Becamex City Center project	33.905.1S9.706 27.708.542.339	-		60.406.784.945 27.703.478.871	- iTR
         Becamex Hospitality Company Limited — Dividends receivable	6.196.617.367			24.551.109.523	-
         Becamex Trade Company Limited -Dividends receivable				4.093.959.869	-
         Becamex Trade Company Limited
         — Receivables for fire and
         explosion insurance premiums				4.603.153
         WTC Binh Duong One Member Company Limited - Dividends receivable		-		4.053.633.529
         Receivables from other organizations and iitdividuols	5.427.276.827	5.726.444.675
         Receivables for payments made on behalf of customers for application for land use right certificates	I .095.695.987	- I .716.023.684
         Corporate income tax provisionally
         paid for the amount received in
         advance from the transfer of property	454.673.389	119.040.732			-
         Interest to be received		29.397.260
         Advance for business trips	438.145.719	420.685.267
         Short-term deposits and morigages	40.000.000	40.000.000
         Other shori-term receivables	3.398.761.732	- 3.401.297.732			-
         Total	39.332.436.533	- 66.133.229.620			-

         Ending balance Beginning balance

         4b. Other long-term receivable.s

         Ending balance

         Beginning ba lance

         	Value Allowance	Value	Allowance
         Receivables from related poMies	474.328.361.961	474.328.361.961
         1nvestment and Industrial Development Joint Stock Corporation — Investment in Becamex City Center project"'	473.602.061.961	473.602.061 .961
         Investment and Industrial	210.100.000	210.100.000

         • ' .

         The.xc yote.t form an ture gral pcirt ofand sheulcl be read in conjiuiction ti rim the Fix ancial Statements 18

         eECAMzx INrRASTRUCTURE DEVELOPMENT JOINT STOCK COf'4PANY

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

         FINANCIAL STATEMENTS

         For the 2* quarter of 2025

         Notes to the Financial Statements (cont.)

         Ending balance Value Allowance

         Beginning balance

         Value Allowance

         Development Joint Stock Corporation — Deposit for project management and construction
         Becamex Binh Phuoc Infrastructure
         Development Joint Stock Company — deposit for leasing houses	516.200.000		516.200.000	-
         Receivables from other organizations ond individuals	10.000.000	-	10.000.000
         Long-term deposits and mortgages	10.000.000 -			10.000.000	-
         Total	474.338.361.961 -			474.338.361.961	-

         *" 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 hoiel, 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.

      2. Overdue debts

         Ending balance Beginning balance

         Overdue Recoverable Overdue Recoverable

         period Onginal amount amount period Original amount amount

         Receivables for	Less than 6			Less than 6
         sales of real esiate	mont is From	17. Z62. 320. 784	17.762 3s!0.7R4	monk is r m 6	29.667.060.207	29. 667. 060.207
         	moritis to I			months to 1
         	year	28.381.026.88it	28.3B1.026.880	year	22.069. 395.000	22.069. 395.000
         	(rom I year			From I year
         	to 2 years	46.736.959.423	46.738.959.423	to 2 years	S3.268.82tI. 173	53.268.820.173
         	From 2 years			Lrom z! years
         	to 3 years	8H.660. HH 250	80.660. HH 25 h	fo 3 yeors	75.306.322. 150	75. 306. 322. 150
         	,Jore than 3			.X fore than 3
         	years	2fi5.667 7/? P55	28a.667.712 0ñ3	years	281 9J8. 4J 9.5P3	2R I.938. 459.SMS

         ! •e ong Group Investment Management And Real Fztate

         Exploitation Joint From I year From I year

         Siock Company to 2 year 3. 17 7. 447. 792 2.588. 723. R96 lo 2 year 5. 177.447. 792 2.588. 723.896

         Total 464.387.478.184 461.798.754.288 467.427.S0d.827 464.838.780.931

      3. Inventories

         Materials and suppl ies

         Eodiog balance Beginning balance

         Original costs Allowance Original costs Allowance

         16.200.000 -

         Tools

         1.215.905.690

         1.212.675.690

         • ' >

         These notes form on integral part of and should be read in 6ony'wicfion wiiJi i/ie £insncio/ Siotements 19

         BECAMEX INFRASTRUCTURE DEVELOPPIENT 3OINT STOCK COf•lPANY

         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 Financial Stalements (cont.)

         Materials and supplies

         Ending balance Beginning balance

         Original cosis Allowance Original costs Allowance

         16.200.000 -

         Work-in-process *‘*

         Real estate

         3.706.021.950.527

         I 0.344.348.331

         3.665.323.498.011

         II .057.252.817

         Total

         3.717.582.204.548

         - 3.677.609.626.518

         (’)

         Work-in-process mainly includes costs of construction works such as townhouses, commercial areas, villas, apanments, etc. These projects are under construction, so this item mostly reflects costs of land use righi 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 io secure loans from BlDV - Binh Duong Branch, Vietcombank — Binh Duong Branch, VIB and MB

         - Binh Duong Branch (see Note No. V.21).

      4. Short-termflong-ternn prepaid expenses

         Show-term prepaid expenses

         Oiher short-term prepaid expenses Total

         7b. Long-term prepaid expenses

         Tools

         Expenses of National Highway 13 maintenance and repair

         Leasing and management costs of Binh Phuoc

         Ending balance

         241.756.969

         241.756.969

         Ending balance

   2. I 77.498.052

21.212.540.434

Beginning balance

1.5 l 6.415.905

1.516.415.905

Beginning balance

2.664.953.865

24.173.198.680

workers' houses 2.815.636.367

Tolal

23.390.038.486

29.653.788.912

1. Tangible fixed assets

   Buildings and Machinery

   structures and equipment Vehicles

   Office

   eqn ipment Total

   Historical costs
   Beginning balance Acquisilion during the period	1.014.162.722.971 241.000.000	1.966.310.625 13.751.268.014 107.933.914.749 1.137.814.216d59 30.435.000 1.86 1.511.820 9.499.533.948 11.632.480.768
   Eodiog balance	1.014.403.722.971	1.996.745.625 15.612.779.834 117.433.448.697 1.149.446.697.127
   In which: Assets fully depreciated but slill in use	23.903.295.036	1.506.365.440	4.277.800.429	27.151.324.727	56.838.785.632
   Depreciation Beginning balance	559.998.957.551	1.685.493.588	8.623.481.642	49.953. 102.370	620.261.035.151
   Depreciation during the	20.›85.604.675	52.760.871	538.131.530	3.805.180.879	24.781.677.955

   @' 4.

   Ttiese noces form an integral part of and s/ion/d 6e read in conjimciion +rith rite financial Statements 20

   BECAriEx INrRASTRUCTURE 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

   Notes to the Financial Statements (cont.)

   Ending balance

   Net booh values Beginning balance Ending balance

   Buildings and Machinery Office

   structures and equipment Vehicles equipment _ Total

   580.384.562.226 1.738.254.459 9.161.613.172 53.758.283.249 645.042.713.106

   45J.163.765.420 280.817.037 S.127.786N72 57.980.812.379 517.553.181.208

   434.019.160.745 258.491.166 6.451. i66.662 63.675.165.448 504.403.984.021

2. Intangible fixed assets

   Acquisition during the period	885.000.000
   Depreciation during the period	1.226.0 6.522
   Ending balance	25.261.324.662 13.637.089.230 11.624.235.432
   In which.
   Assets fully amortized but still
   in use	4.487.062.331

   Beginning balance

   Initial costs Accumulated Net book values 24.376.324.662 12.411.072.708 11.965.251.954

   ,

3. Investment property

   Investment property for lease

   Costs of constructing commercial floor area of Aroma project, workers' houses in Hoa 1.oi 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.

   Accumulated

   Net book values

   Beginning balance

   depreciation 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

   Somc investment properties of which the carrying amount of land use right is VND 327.299.502.540 have been mortgaged to secure the loans from BlDV - Binh Duong Branch, VIB and MB - Binh Duong Branch (see Note No. V.21).

   According to Vietnamese Accounting Standard No. 05 “I nvestment property”, ii is required to present fair value of investment property as of the balance sheet date. However, the Company has not had conditions to measure fair value of investment property.

4. Long-term work-in-process

   Residence Area Project at Ham)el 5C, Lai Uyen

   1-loa Loi Resett lcmcnt

   IN_

   Area Project Total

   Ending balance Beginning balance

   Ori pin at cos ts Recove re h}e ¥'a}u e W zñ gin at costs Deoovera hT e va}u e

   363.571.72 I .111 363.571.721.111 361.918. 116.258 361.918. 116.258

   306.41 I .381.942 306.411.381.942 280.457.043.906 280.457.043.906

   669.983.103.053 669.983.103.053 642.375.160.164 642.375.160.164

   These

   irregro/ pan of and should be read in conjunction with the financial Statements 21BECAFgEX INFRASTRUCTURE DEVELOPPIENT 3OINT STOCK COF1PANY

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

   For the 2'h quarter of 2025

   Notes to the Financial Statements (cont.)

5. Construction-in-progress

This item reflects the costs for renovation of National Highway 13.

Long-term financial investments

Information on investments in other entities is as follows:

Ending balance Beginning balance

Original amount Provision Original amount Provision

Investments in subsidiaries Becamex Hospitality Company Limited *'*

Becamex Trade Company Limited'"*

WTC Binh Duong One Member Company Limited""*

11 .377.481.005

20.000.000.000

5.000.000.000

36.377.481.005

11.377.481.005

20.000.000.000

5.000.000.000

Investments izt associate 704.165.OOH.ONO

Becamex Binh Phuoc Infrastructure Development Joint Stock

Company*"'

Ho Chi Minh City — Thu Dau Mot — Chon Thanh Expressway Joinl Stock Company(

Investments in other

entries

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

684.165.000.000

20.000.000.000

17.000.000.000

684.165.000.000

17.000.000.000

Stock Company*"*

Total

10.000.000.000 - 10.000.000.000 -

767.5d2.481.005 - 74Z.S42.d8i. 005 -

According to the Business Registration Certificate No. 3701906616, amended for the 7* rime on 05 April 2016, granted by Binh Duong Province Department of Planning and Investment, the Company invests an amount of VND 12.000.000.000 in Becamex Hospitality Company Limited (formerly known as UC Company Limited), equivalent to 100% of charter capital.According to the Business Registration Certificate No. 37022ti0392, amended for the 3r° time on 27 October 2022, granted by Binh Duong Province Department of Planning and Investment, the Company invests an amount of VND 6.000.000.000 in Becamex Trade Company Limited, equivalent to 100% of charter capital. On 16 January 2018, Bccamex Trade Company Limited registered for increase its charter capital to VND 20.000.000.000.According to the Business Registration Certificate No. 3702918734, granted by Binh Duong Province Department of Planning and Investment, the Company invests an amount of VND

- .

Tftese notes form an integral port o/oM s/iuu/c/ be reod in conjimction w i/fi the rinonciol Stutaments 22

â

BECAF4EX INFRASTRUCTURE DEVELOPMENT 3OINT STOCK COF1PANY

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

£or the 2• quarter of 2025

Notes to the Financial Statements (com.)

5.000.000.000 in WTC Binh Duong One Member Company Limited, equivalent to 100% of charter capital. On 18 February 2022, the Board of Management approved the Resolution No. 01/NQ-HOQT on transferring the entire capital at WTC Binh Duong One Member Company Limited to Investment and Industrial Development Joint Stock Corporation at the transfer price of VND 5.000.000.000. The Company and Investment and Industrial Development Joint Stock Corporation are currently carrying out procedures for completing the transfer of capital.

On 25 February 2022, the Board of Management approved the Resolution No. 02/NQ-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. l8/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/NQ-HDQT on transferring 1.000.000 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. l 3/NQ-HDQT 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-HOQT 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 Management approved the Resolution No. 27/NQHOQT 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 the Resolution No. 35/NQ-HDQT on acquiring 438.750 shares of Becamex Binh Phuoc Infrastructure Development Joint Stock Company with total acquisition price of VND 5.265.000.000. Total amount of contributed capital to this company is :VND

684.1 65.000.000, equivalent 31,77% of charter capital.

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' meeting minutes 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%.

Fair value

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

Provisions for investments in other entities

O•-

Tttcse notes%rm an integral jxirt of arm should be read in conjunction with the rinonciul 8totemerits 23

BECAF4EX INFRASTRUCTURE DEVELOP51ENT 3OINT STOCK COMPANY

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

For the 2th quarter of 2025

Notes to the Financial Statements (cont.)

Transactions with subsidiaries

Significant transactions between the Company and its subsidiaries are as TO IIOWS:

EIa>

be.w notes form an integral part ofond shoulol be reed in conJiuiciion »'ir/i the Fiiionciol Statements 24

BECAPIEX INFRASTRUCTURE DEVELOPPIENT JOINT STOCK COPIPANY

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

For the 2* quarter of 2025

Notes to the Financial Statements (cont.)

Other suppliers

14b. Long-term trade payables Payables to related part

Binh Duong Trade and Development Joint-Stock Company

Total

14u Overdue debts

The Company has no overdue trade payables.

1. Sbort-term advance froas customers

   Advances from related party Becamex Trade Company Limited Advances from other customers Mr. Dam Van Khanh

   Other customers Total

2. Taaes and other obligations to the State Budget

Ending balance

5.901.415.97 l

703.634.165.298

Ending balance

9.419.371.200

9.419.371.200

9.419.371.200

Ending balance

11.040.923.835

1.187.577.000

9.853.346.835

11.040.923.835

Beginning balance

12.402.978.956

682.027.338.731

Beginning balance

18.838.742.400

I 8.838.742.400

18.838.742.400

Beginning balance 1.442.400.000

4.629.265.473

1.187.577.000

3.441.688.473

6.071.665.473

/ y/

ba lance Increase during the period

Payables Amount payable Amount paid

VAT on local sales (2.413.999.904)

Ending balance

Payables Receivable

2.413.999.904

Other taxes - 3.000.000 (3.000.000)

Total 22.425.226.712 27.068.101.467 (23.361.506.112) 26.131.802.067 2.413.999.904

Value added tax f 'AT)

The Company has 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 different tax rates according to tic Government's Decree No. 180/2024/ND-CP dated 31 December 2024 for the period from 01 January 2025 to 30 June

2025.

Corporate income tax

Not subject to tax

5%

08% or 10%

The Company has to pay corporate income tax on taxable income at the rate of 20%.

O• N

These nores form un integral port of ord shoulcl be read in conjunction w iih the riiioitciol Siatemenis 25

-

BECAMEX INFRASTRUCTURE DEVELOPPIENT 3OINT STOCK COPIPANY

Address: No. 230 Binh Duong Avenue, Phu Loi Ward, Ho Chi Minh City, Viei Nam FINANCIAL S'FA I EMENTS

For the 2th quarter of 2025

Notes to the Financial Statements (cont.)

Determination of corporate income tax liability of the Company 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 Financial Statements can be changed upon the inspection of tax authorities.

Corporate income tax provisionally paid for the amen tit received in advance from the transfer of property

The Company has 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. 78/2014/TT-BTC dated 18 June 2014 of the Ministry of Finance. The Company will finalize the accounts of corporate income tax payable for this activity upon handing-over of property.

Property tax

Property tax is paid according to the notices of the tax department.

Other taxes

The Company has declared and paid these taxes in line with the prevailing regulations.

BECAF4EX INFRASTRUCTURE DEVELOPF1ENT JOINT STOCK COF1PANY

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

For the 2* quarter of 2025

Notes to the Financial Statements (cont.)

1. Short-termJoag-term uaearoed revenues

   19a. Znng-termunearned revenues

   This item reflects the payment on the basis of contract progress of customers who have not

   received real estate handover.

   20. 20a.	Other short-term/long-term payables Other short-term payables	Eningbaance	Beginning balance
   	Payables to related parties	313.059.301.569	315.059.303.569
   	Investment and Industrial Development Joint Stock Corporation:	31 I .704.903.569	31 1.704.903.569
   	Payables for collection ofsunrise apartment-
   	related amounts on this corporation's behal f	43.192.787.216	43. 192.787.216
   	Payables for collection of Becamex Tower
   	office rental on this corporation’s behalf	k.6#6.826. 798	2.646.826.798
   	Payables %r collection of New Horizon
   	apartment-related amounts on this
   	corporation's behalf	I.948.734.160	1.948.734.160
   	Payables for collection from Sunrise
   	Apartment ’s Management Office on this
   	corporal ion’s hehal f	1.886.762.395	I.886.762.39J
   	DiviJends payable	262.029. 793.000	262.029.793.000
   	Becamex Trade Company Limited — Receipt of
   	short-term deposits and mortgages	1.354.400.000	1.354.400.000
   	Payables to other organizations aztd individuals	32.062.809.287	35.389.976.774
   	Social insurance premiums, Trade Union's
   	expenditure	770.925.410	1.073.339.910
   	Remuneration to the Board of Management		I .2 I 8.000.000
   	Dividends, profit payable	8 I 0.252.245	1.246.392.145
   	Payables for sales from stalls at Becamex Trade Center	136.215.907	I 36.215.907
   	Receipt of short-term deposits, mortgages	21.408.723.635	23.098.422.534
   	Other short-term payables	8.936.692.090	8.617.606.278
   	Total	345.122.112.856	348.449.780.343

   20b. Other long-term payables

   This item reflects the deposits of lessees of investment properties.

   20c. Ouerdue debts

   The Company has no other overdue payables.

   2t. Sbozt-term/long-term borrowings and financial leases

   2/a fiihorf-term barrowiniis

   Short-term loans payable to related parties WTC Binh Duong One Member Company Limited"'

   Short-term loanc payable to other orgayitgtions and individuals

   Ending balance

   4.500.000.000

   4.500.000.000

   591.212.3 74.966

   inniBcgngbalance

   4.500.000.000

   4.500.000.000

   646.866.826. 138

   BECAF1EX INFRASTRUCTURE DEVELOPPIENT JOINT STOCK COf•1PANY

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

   For the 2• quarter of 2025

   Notes to the Financial Statements (cont.)

   	Ending balance	Beginning balance
   Short-term loans from banks	409.697.076.966	493.5 I 4.326.138
   BIDV — Binh Duong Branch!”!	176. 498. 237. U2	121.483.960.345
   Vietcombank— Binh Duong Branch!“'!	53.632. 494.!I4	199. 999.552. 523
   SeABank— Binh Duong Branch!••!		45. 746.388. 500
   Vlf ’!	I 79.566.345. 320	126. 284.424. 770
   Short-term loans from other individuals	2.000.000.000	2.000.000.000
   Current portions of long-term loans (see Note
   No. V.21c)	27.339.048.000
   Current portions of long-term ordinary bonds *"	152. I76.250.000	151.352.500.000
   Total	595.712d74.966	651.366.826.138

   *'* The short-term loan from WTC Binh Duong One Member Company Limited with the term of I year is to supplement the capital for business operations.

   *"* The loan from BlDV — Binh Duong Branch is to supplemenl the working capital. This loan is secured by mortgaging land use right, ownership of house and other land-attached assets in Hoa Phu Ward, Thu Dan Mot City, Binh Duong Province according to the following Mortgage Contracts:

   • The Mortgage Contract to. 01/2022/1728454/HOBD dated 04 October 2022; amendment io the Mortgage Contract No. 01.02/2022/l728454/HOBO dated 03 November 2023;

   • Thc Mongage Contract No. 01/2023/1728454/HDBO dated 21 March 2023;

   • The Mortgage Contract No. 04/2023/1728454/HDBO dated 26 September 2023;

   • The Mortgage Contract No. 01/2025/1728454/HDBO dated 23 April 2025;

   • The Mortgage Contract No. 02/2025/l728454/HOBO dared 28 May 2025,’

   • The Mortgage Contract No. 03/2025/l728454/HOBO dated 20 June 2025.

{iii)

The loan from Vietcombank — Binh Duong Branch is to supplement the working capital. This loan is secured by mortgaging land use right, ownership or house and other land-attached assets in Hoa Phu Ward, Thu Dau Mot City, Binh Duong Province according to the Mortgage Contract No. 022TC24 dated 24 April 2024.

*'•* The loan from SeABank — Binh Duong Branch is to supplement the working capital. This loan is secured by mortgaging land use right, ownership of house and other land-attached assets in Thoi Hoa Ward, Ben Cat City, Binh Duong Province according to the Mortgage Contracts No. REF24l43004l8/HOTC/BDS/231277/2 dated 25 June 2024 and No. REF24l43004l8/HDTC/BDS/23 1277/1 dated 25 June 2024.

(* The loan from VIB is to supplement the working capital. This loan is secured by mortgaging the land use rights, ownership of houses and land-anached assets at Hoa Phu Ward, Thu Dau Mot City, Binh Duong Province according to the Mortgage Contracts No. 1057116.24.882; No. 10571 54.24.882; No. I057144.24.882 datcd 20 Dccember 2024.

**'* Bonds issued to increase the operating capital.

• Date of issuance : 31 December 2020. Date of maturity 31 December 2025.

• Interest payment term . Every 3 months.

• 1nterest rate : Fixed rate at i 0.3%/year

Collaterals . This loan is secured by mortgaging assets owned by Investment and Indusirial Development Joint Stock Corporation including the value of land use right, all

BECAPIEX INFRASTRUCTURE DEVELOPPIENT 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 Financial Statements (cont.)

assets/benefits formed from the project on land at Residence Area 5B, Bau Bang Dislrict, Binh Duong Province.

The Company is solvent over short-term loans.

Details of increases/(decreases) of short-term borrowings during the period are as follows:

Increase Transfer froza Allo¢etion of

Beginning during Ihe Amount repgid long-term bond issuance

balance period during theperiod borrowings expenses Ending balance

banks

other

organizai ions and individuals Current

riions of

long-term loans

Cuwenl

49?.'i I 4.326. IS8 209.018.304.688 (292.855.553.860)

6.500.000.000

27.339.048.000

409.697.076.966

6.500.000.000

27.339.048.000

bonds IS1.352.500.000 823.750.000 152. I 76.250.000 '"

T•I•I GST.366.826.t38 209.018.304.688 (292.835.553.860) 27.339.048.000 823.7T0.000 T95.7T2.374.966 ‘

*'* The loan from MBBank — Binh Duong Branch is to pay for the land use right in Hoa Phu Ward, Thu Dau Mot City, Binh Duong Province according to the Credit Contract No. 273803.25.140.579294.TD dated 31 December 2024. This loan is secured by mortgaging 3 certificates of land use right, ownership of house and other land-attached assets in Thoi Hoa Ward, Thu Dau Mot City, Binh Duong Province according to the Mortgage Contract No. 273984.25. 140.579294.BD dated 10 January 2025.

The Company is solvent over long-term loans.

Details of long-term loans during the period are as follows:

Beginning Amount pa id „qg „y qg

Long-term loans batt

balance Increase during tbe period ngan tan Ending bala nce

046.780.960.000 - -(27.339.046.000) 519.441.912.000

?-t6.SBO.960.000 -

Repayment schedule of long-term borrowings is as fol lows:

* - .

These notes form an tale gral part of and sltoull br reef in conjunction ivrim the -inancial Stoiemeriis 29