Audited Interim Consolidated Financial Statements for 1H2025

PHAT DAT REAL ESTATE DEVELOPMENT CORPORATION

REVIEWED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

For the period from 01/01/2025 to 30/06/2025

Augijst, 2025

PHAT DAT REAL ESTATE DEVELOPMENT CORP

39 Pham Ngoc Tl4acla, Xuan Hoa Ward, Ho Chi Minh City, Vietnarn.

TABLE OF CONTENTS

CONTENTS

STATEMENT OF THE BOARD OF GENERAL DIRECTORS

REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL INFORMATION

INTERIM CONSOLIDATED BALANCE SHEET INTERIM CONSOLIDATED INCOME STATEMENT INTERIM CONSOLIDATED CASH FLOW STATEM ENT

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS

PAGES

2 - 4

5 - 6

7 - 8

9

10 - 11

15 - 68

PHAT DAT REAL ESTATE DEVELOPMENT CORP

3.9 Phain Ngoc Tliach, Xuan Hoa Ward, Ho Chi Minh City, Vietnam.

STATEMENT OF THE BOARD OF GENERAL DIRECTORS

The Board of General Directors of Phat Dat Real Estate Development Corporation (hereinafter refen-ed to as the "Corp") presents this report together with the Company's reviewed interim consolidated financial statements for the period from 0.1 January 2025 to 30 June 2025.

BOARD OF MANAGEMENT, BOARD OF GENERAL DIRECTORS AND BOARD OF SUPERVISORS

The members of the Board of Management and the Board of General Directors of the Company who held office during the period from 0.1 January 2025 to 30 June 2025 and to the date of this Report are as follows:

Board of Mangement

Mr. Nguyen Van Dat Mr'. Nguyen Tan Danh Mr. Bui (juang Anh Vu Mr. Le Quang Phuc Mr. Vu Thanli Le

Mr. Tran Trong Gia Vinli Mr. Duong Hao Ton

Audit Committee

Mr. Duong Hao Ton

Mr. Tran Trong Gia Vinh Mr. Le Quang Phuc

Board of General Directors Mr. Bui Quang Anh Vu

Mr. Nguyen Dinh Tri Mr. Truong Ngoc Dung Mr. Nguyen Khac Sinh Mr. Nguyen Huu

Ms. Dang Viet Tu Uyen Mr. Phan Le Hoa

LEGAL REPRESENTATIVE

Chairman Vice Chairman Member' Member

Independent member Independent member Independent member

Chairman of Audit Committee Member

Member

General Director

Deputy General Director Deputy General Director Deputy General Director Deputy General Director Deputy General Director Deputy General Director

Appointed on 27 June 2025

Appointed on 22 Januaiy 2025

Appointed on 22 January 2025

Resigned on 23 January 2025

The legal representatives of the Company during the period and as at the date of this Report are Mr. Nguyen Van Dat - Chairman of the Board of Management, and Mr. But Quang Anh Vu - General Director

EVENTS AFTER THE REPORTING DATE

On 8 August 2025, the Company completed the issuance of 72,574,296 shares for dividend payment in accordance with Resolution No. 08/DHDCD-NQ.2025 dated 27 June 2025. After the issuance, the total number of outstanding shares of the Company inci eased from 907,235,083 shares to 979,809,379 shares, corresponding to a charter capital of VND 9,798,093,790,000.

The Board of General Directors of the Company affirms that, except for the aforementioned event, there were no other significant events occurring after the end of the accounting period that would materially affect, require adjustment to, or disclosure in the accompanying interim consolidated financial statements.

PHAT HAT REAL ESTATE DEVELOP4IENT CORP

39 Pliam Ngoc Thach, Xrian Hoa Ward, Ho Chi Minh City, Vietnam.

STATEMENT OF THE BOARD OF GENERAL DIRECTORS (CONT'D) THE AUDITOR

The accompanying consolidated financial statements for the period ti om 01/01/2025 to 30/06/2025 leave been audited by UHY Auditing and Consulting Company Limited.

RESPONSIBILITY OF THE BOARD OF GENERAL DIRECTORS

The Board of General Directors ot the Company is responsible for preparing the consolidated financial statements that give a true and fair view of the Company's interim consolidated financial position for the period from 01/01/2025 to 30/06/2025, as well as its consolidated results of operations and its consolidated cash flows in the period. In preparing the consolidated financial statements, the Board of General Directors is required to:

• Establish and maintain internal control as detennined necessary by the Boai d of Management and the General Directors of the Company to ensure the preparation and presentation of the interim consolidated financial statements that give a true and fair view;

  
  
  

• Select appropriate accounting policies and apply such policies consistently;

• Make reasonable and prudent judgments and estimates;

  
  
  

• State whether applicable accounting principles have been complied with, and to disclose and explain any materlal departures in the interim consolidated financial statements;

• Prepare the interim consolidated financial statements on a going concern basis unless it is -

  inappropriate to presume that the Company will continue its business; and

• Prepare and present the interim consolidated financial statements in compliance with Vietnamese Accounting Standards, Vietnamese Enterprise Accounting System, and other relevant legal regulations on the preparation and presentation of financial statements.

The Board of General Directors confnws that the Company has complied with the above requirements in the preparation and presentation of the interim consolidated financial statements.

The Board of General Directors is responsible for ensuring that accounting records are properly maintained so as to reflect fairly the consolidated financial position of the Company at any time and to ensure that the consolidated financial statements comply with Vietnamese Accounting Standards, Vietnamese Enterprise Accounting System, and other relevant legal regulations on the preparation and presentation of financial statements. In addition, the Board of General Directors is also responsible for safeguarding the Company's assets and, therefore, for taking appropriate measures to prevent and detect fraud and other irregularities.

Accordingly, we hereby approve the accompanying interim consolidated financial statements from page 7 to page 68. These interim consolidated financial statements present fairly, in all material respects, the interim consolidated financial position of the Company as at 30 June 2025, as well as its interim consolidated results of operations and consolidated cash flows for the period from 01 Januaiy 2025 to 30 June 2025, in conformity with Vietnamese Accounting Standards, Vietnamese Enterprise Accounting System, and the relevant statutory requirements relating to the preparation and presentation of consolidated financial statements.

PHAT DAT REAL ESTATE DEVELOPMENT CORP

39 Pharn Ngoc Tliacli, Xtian Hoa Ward, loo Chi Minh City, Vietnam.

OTHER COMMITMENTS

The Board of General Directors affirms that the Company has complied with Decree No. 155/2020/ND-CP dated 31 December 2021 issued by the Government, which provides detailed guidance on the implementation of certain provisions of the Securities Law No. 54/2019/QH14; Circular No. 116/2020/TT-BTC dated 31 December 2020 issued by the Ministry of Finance, which provides guidance on corporate governance applicable to public companies under Decree No. 155/2020/ND-CP; and that the Company has not breached its disclosure obligations as stipulated in Circular No. 96/2020/TT-BTC dated 16 November 2020 issued by the Ministry of Finance regarding information disclosure on the secut ities inarltet.

CONG TY C 0 l*HAN PHAT T1EN

DAF UQ NG SA

and on behalf of the Board of Management,

General Director

Ho Chi Minh, 29 August 2025

UI IV AUDITIN C AND CON EU LTING COM PANY I.I M I FkD

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pa i M o /Va rd, NJ alt J"iJ Liern lii sti ict, I | a noi,

T : r8't 24 5670 3999

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On the consolidated intei'iiii Financial StateiiieiltS Of Phat Dat Real Estate Developiiieiit Coi'poratioii For the› per iod from 01/01/2025 to 30/06/2025

To: The Shareholders, the Board of Management and the Board of General Directors

We have ieviewed the accompanying interim consolidated financial statements of Phat Dat Real Estate Development Corporation (the "Corp"), which were prepared on 29 August 2025, from pages 7 to 68 which comprise the consolidated balance sheet as at 30/06/2025, the interim consolidated income statement and interim consolidated cash flow statement for the period fi oin 01/01/2025 to 30/06/2025 and Notes to the interim consolidated financial statements.

The Board of General Director's responsibility

The Board of General Directors of the Company is responsible for the preparation and fair presentation of the interim consolidated financial statements in a true and fair view in accordance with Vietnamese Accounting Standards, Vietnamese Enterprise Accounting System and related legal regulations on the preparation and presentation of the interim consolidated financial statements, and for stich internal control as the Board of General Directors determines is necessary to enable the preparation and presentation of interim consolidated financial statements that are free from material misstatement, whether due to fraud or error.

Auditor's responsibility

Our responsibility is to express a conclusion on the interim consolidated financial statements based on our review. We conducted our reView in accordance with Vietnamese Standard on Review Engagements 2410 - Review of interim financial information performed by the independent auditor of the entity.

A review of interim financial information involves making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Vietnamese Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Auditors' conclusion

Based oii our review, nothing has come to our attention that causes us to beIieve that the accompanying consolidated interim financial statements do not glve a true and fair view, in all material respects, of the consolidated interim financial position of Phat Dat Real Estate Development Joint Stock Company as at 30 June 2025, and of its consolidated interim financial performance and consolidated interim cash flows for the period from 1 January 2025 to 30 June 2025, in accordance with Vietnamese Accounting Standards, the Vietnamese Enterprise Accounting System, and the relevant statutory requirements on preparation and presentation of consolidated interim financial statements.

A editing Account in g Tax | Consulting Tracing Valuation 5

An independe n t ma Ln bor of UHY Intern at io nal.

REPORT ON REVIEW OF INFORMATION

IN THE INTERIM CONSOLIDATED FINANCIAL INFORMATION (CONT'D)

Emphasis of matter

We draw attention to Notes 1 .5 and 6 to the consolidated financial statements, which descl ibe the share transfer transaction of Ngo May Real Estate Investment Joint Stock Company ("Ngo May") to Quy Nhon 68 lnvestinent Company Limited. The outstanding receivable from Quy Alton 68 Investment Company Limited arising from this transaction will be committed to recover by the Company no later than 31 March 2026.

We also draw attention to Note 10 (viii) to the consolidated financial statements, which discloses that the Company is awaiting the appi oval and organisation by the competent authority for the formulation of the zoning plan in order to proceed with the next implementation steps of the Ham Ninh Residential Area Project and the Ham Ninli Industrial Cluster Project.

Our conclusion is not modified in respect of these matter s. Other matter

The consolidated financial statements of Phat Dat Real Estate Development Joint Stock Company for the financial year ended 31 December 2024 and the consolidated interim financial review report for the period from l January 2024 to 30 June 2024 were audited and reviewed by another auditor and audit firm under Audit Report No. 68212971/11448682-HN dated 3 April 2025 with an unmodified opinion,

.eview Re. oit No. 6821297 l/ 48682- dated 26 August 2024 with an unmodified conclusion.

guyen Thi Thuy Trang Audit Director

Auditor's Practicing Certificate: No.4710-2023- 112-1

Fot and on bellalfoJ

UHY AUDITING AND CONSULTING COMPANY LIMITED

He Chi Xlinli, 29 AHgiist 2025

PHAT DAT REAL ESTATE DEVELOPMENT CORP CONSOLIDATED FINANCIAL STATEWIENT

39 Pham Ngoc Thach, Xuan Hoa Warrl, For the per rod from 01 January 2025 Ho Chi Ulimi City, Vietnam to 30 June 2025

Form No. B01a-DN/HN

INTERIM CONSOLIDATED BALANCE SHEET

As at 30 .home 2025

PHAT DAT REAL ESTATE DEVELOPMENT CORP CONSOLIDATED FINANCIAL STATEMENT

39 Pharm Ngoc Tliacli, Xiian Hoa Ward, For the period fi om 0J January 2025 IJo Chi Minh City, Vietnam to 30 June 2025

Form No. It02a-DN/HN

INTERIM CONSOLIDATED INCOh4E STATEMENT

For the pei'iod fi-oiii 01/01/2025 to 30/06/2025

Preparer

Chief Accountant

Ho Chi Minh City, 29 August 2025

General Director

' C O PHA N 'W

PHAT TBEN

DAT DQNG SAN

PHATDAT

Pliam Thi Doan Dung

Tran Tln Thuy Trang

ui Quang Anh Vu

PHAT UAT REAL ESTATE BE VE LOPMENT CORP CONSOL IDATED FINANCIAL STATEMENT

39 Pliain Ngoc Thacli, Xuan Hoa Ward, For the period from 01 January 2025 Ho Chi Minh City, Vietnam to 30 June 2025

Form No. B03a-DN/HN

INTERIM CONSOLIDATED CASH FLOW STATEMENT

(Applying indirect method)

For the per io‹l fi out 01/01/202i to so/o6/ oz:

Items

Co de No tes

Fro m 01/01/2025 to 30/06/2025

From 01/01/2024 to 30/06/2024

VND VND

PHAT DAT REAL ESTATE DEVK LOPMENT CORP CONSOLIDATED riNANCIAL STATEMENT

39 Phan Ngoc Tliach, Xuan l4oa Ward, For the period from 01 January 2025 Ho Chi Minh City, Vietnam to 30 June 2025

Form No. B03a-DN/HN

INTERIM CONSOLIDATED CASH FLOW STATEMENT (CONT'D)

(Applying indirect method)

FOI' //7e per iod fromi 01/01/2025 to 30/06/2025

ITEMS

Net increase/(decrease) in cash fo r the

period

Cas li and cash eq uiva lents at the begin ning of the perio d

Cas h a nd cash equivalents ut the end of

the perio d

Code Notes

Front 01/01/2025 From 01/01/2024 to 30/06/2025 to 30/06/2024

VND VND

Preparer

Pham Thi Doan Dung

Chief Accountant

Tran Tlii Thuy Trang

Ho Chi Minh City, 29 August 2025

neral Director f

CONG TY CO PHA N PHAT TnIE N

BAT DING SA

Bui Quang Anh Vu

PHAT DAT REAL ESTATE D EVE LO PME NT CORP CONSO LI DATED FINANC IA L STATEMENT

39 Pham Ngoc Thach, Xuan Hoa War d, For the period from 0 l Januaiy 2025 Ho Chi Minh City, Vietnam to 30 June 2025

Form No. B09a-DN/HN NOTE TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (CONT'D)

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1. COMPANY OVERVIEW

   1. OWNERSH& STRUCTURE

      Phat Dat Real Estate Development Corpoi ation is a Joint Stock Company established under the Law on Enterprises of Vietnam pursuant to Business Registi-ation Cei tificate No. 4103002655, initially issued by the Department of Planning and Investment of Ho Chi Mira City on 13 September 2004 and amended for the 39th time on 19 August 2025.

      
      
      

      The Company's shares were listed on the Ho Chi Minh Stock Exchange ("HOSE") with code PDR in accordance with the License No. 1207/SGD HCM-NY issued by the HOSE on 9 July 20.10.

      
      
      

      The Company's registered head office is located at 39 Pham Ngoc Thach, Vo Thi Sau Ward, District 3, Ho Chi Minh City, Vietnam (now located at 39 Pham Ngoc Thach, Xuan Hoa Ward, Ho Chi Minh City, Vietnam).

      The charter capital according to the Company's Enterprise Registration Certificate is VND 9,072,350,830,000, equivalent to 907,235,083 shares.

      The total number of employees of the Group as at 30 June 2025 was 269 employees (as at 3.1 December 2024: 286 employees).

   2. BUSINESS SECTORS AND PRINCIPAL BUSINESS ACTIYITIES

      The principal activities during the cuiTent period of the Company and its subsidiaries ("the Group") include residential construction and trading; construction of civil works, industrial facilities, and transportation infrastructure; and provision of real estate brokerage services, real estate valuation, real estate trading floor operations, and property management services.

   3. NORMAL BUSINESS CYCLE

      The Company's normal business cycle is within 12 months

   4. COMfANYSTRUCTURE

      As at 30 June 2025, the Company had 07 directly owned subsidiaries as follows:

      
      
      

      As at 30/06/2025 As at 01/0t/2025

      Su bsidiiiries

      Headquarters Ipdustr y

      Voting Oiv ners Voting Owners

      rigs ts Interest rights in terest

      percentage percentage pei'cen tage percentage

      Binh Duong	No. 352, XM2 Stfeet, Zone	deal esta te 99.50% 99.50% 99.50% 99.50%
      Building Real	3, Binh Dtiong Ward, Ho Clji	b usiness and
      Estate Investment	Minh City, Vietnam	constructio n
      and Development
      Joint stock
      Ben TI anlt -	Provincial Road 44A, Phuoc	deal esta[e 99.90% 99.90% 99.90% 99.90%
      Long Hai	Hai Commune, Ho All i Minh	b usiness and
      Corporation	City, Vietnam	construction
      Serenity	Hai Tan Quarter, Pliuoc Hai	Real estate 99.34% 99.34% 99.34% 99.34%
      Investment	Commune, Ho Chi Minh	business and
      Joint Stock	cix, Vietnam	construction
      Company

      PHAT DAT HEAL ESTATE DEVE LOPIYIENT CORP CONSOLIDATED FINANCIAL STATEMENT

      39 Pham Ngoc Tliach. Xuan Hoa Ward, for the per rod fi om 01 Januar) 2025 flo Chi Minh City, Vietnam to 30 June 2025

      Form No. B09a-DN/HN NOTE TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (CONT'D)

      
      
      

      1. cOMPAxv ovEnviEw (CONT'D)

      1. COMPANY STRUCTURE (CONT'D)

         Bac Cuong	223-225 Tran Phu	Real estate 99.00% 99.00% 99.00% 99.00%
         Investment	Street, Hat Chau Ward,	business
         Joint Stock Company	Da Narp• City	and constructio n
         DI Phu	No. 229, 30/4 Street,	Real estate 99.00% 99.00% 99.00% 99.00%
         Quoc	Quarter 1, Pliu Quoc	business
         Corporation	Special Zone, An	and
         	Giang Province, Vietnam	const uctio n
         Coin in	No. 39 Pham Ngoc	Real estate 99.90% 59.90% 99.90% 99.90%
         Construction	Thach Street, Xuan	business
         Investment	Hoa Ward, Ho Chi	and
         Infiasmictur e Co., Ltd.	Minh City, Vietnam	constructio n
         Ngo May	No. 01 Ngo May	Real estate 0.00% 0.00% 94.00% 94.00%
         Real Estate	Street, Quy Nhon Nam	business
         Investment	Ward, Gia Lai	and
         Joint Stock Company	Province, Vietnam	constructio n

         As at 30 June 2025, the Company had 07 directly owned siibsidiaries as follows (cont'd):

         
         
         
         
         
         

         0

         
         
         

         Indirect Subsidiaries:

         In addition to the directly owned subsidiaries mentioned above, the Company also has 02 indirectly owned subsidiaries (hereinafter referred to as "Tier-2 Subsidiaries").

         As at 30/06/2025 As at 01/01/2025

         Additiona l Information

         p

         Subsidiaries

         Headquarters

         Voting

         Industry rights

         percenta

         ge

         Owners hip interest percenta ge

         Voting rights ercenta ge

         Owners hip interest percenta ge

         Thien Long Land Lot No. 101, Rea1 estate Building Map Sheet No. 123, business and Real Estate Hoa Lan l Quarter, construction Investment Thuan Giao Ward,

         and Thuan An City, Binh Developmen Duong Province,

         t Joint Stock Vietnam. Company

         Hoa Phu Land Lot No. 853, Rea1 estate Building Map Sheet No. 122, business and Real Estate Hoa Lan 1 Quarter, construction Investment Thuan Giao Ward,

         and Thuan An City, Binh Developmen Duong Province,

         t Joint Stock Vietnam. Company

         99.90% 99.40% 99.90% 99.40%

         99.90% 99.40% 99.90% 99.40%

         I'HAT DAT REAL ESTATE DEVELOPMENT CORP CONSOL I DAT ED KN ANCIAL STATEMENT

         39 Pham Ngoc Thach, Xuan Hoa War d, For the period from 01 January 2025

         Ho Chi Minh City, Vietnam to 30 June 2025

         Form No. B09a-DN/HN NOTE TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (CONT'D)

         
         
         1. COMPANY OVERVIEW (CONT'D)

      2. COMPAf"fY STRUCTURE (CONT'D)

      Associates:

      Company had 02 associates company as follows:

      As at 30/06/2fi25 As at 01/01/2025

      
      
      
      
      
      

      Additional Information on Associates

      Commonwea lth Properties

      Voting Heatlquarters Industry rights

      
      
      

      age

      10th Floor, Tower

      B, Viettel Real estate

      Owners hip interest percent age

      VOilnQ rights percent age

      Owners hip interest percent age

      
      
      

      Rea1 Estate Corporation

      Building, 285 business and 27.00% 27.00% 27.00% 27.00% Cach Mang Thang construction

      
      
      

      Tann Street, Hoa Hung Ward, Ho Chi Minh City,

      Vietnam

      PDP Project Construction Investment Co., Ltd

      No. 39 Pham Real estate

      Ngoc Thach business and 49.00% 49.00% 49.00% 49.00% Street, Xuan Hoa construction

      Ward, Ho Chi Minh City,

      Vietnam

   5. CHARACTERISTICS OF THE COMPANY'S OPERATIONS DURTNG THE ACCOUNTING PERIOD THAT AFFECT THE CONSOLIDATED FINANCIAL STATEMENTS

      Transfer of shares in Ngo May Real Estate Investment Joint Stock Company ("Ngo May"):

      On 20 June 2025, the Company's Board of Management issued Decision No. 12/2025/HDQT-QD approving the transfer of all 30,278,100 shal es, equivalent to 94% of the charter capital in Ngo May, at a transfer price not lower than par value, with a total par value of VND 302,781,000,000.

      On 26 June 2025, the Company transferred 94% of the shares in Ngo May Real Estate Joint Stock Company to Quy Nhon 68 Investment Co., Ltd under Share Transfer Agreement No. 01/2025/HDCNCP-NM signed on the same date, at a transfer value of VND 435,000,000,000. Accordingly, the Company's ownership in Ngo May decreased from 94% to 0%, and the Company officially ceased to be a shareholder of Ngo May. During the reporting period, the Company recognised a financial income of VND 132,219,000,000 from the share transfer (the difference between the actual transfer price and the par value).

      PHAT DAT REAL ESTAT E D EVE LOPMENT CO RP CON SO LIDATED FI NANCIAL STATE M ENT

      39 Pham Ngoc Thach, Xuan Hoa Ward, For the period from 01 January 2025

      Ho Chi Minh City, Vietnam to 30 June 2025

      Form No. B09a-DN/HN NOTE TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (CONT'D)

      (These note.x ca e an integi'al par I o] ind shoals be i'earl in conjunction xvitli 111c iiitei'iiii cots oliclaled financial

      1. COMPANY OVERVIEW (CONT'D)

      i.s CHARACTERISTICS OF THE COMPANY'S OPERATIONS DURING THE ACCOUNTING PERIOD THAT AFFECT THE CONSOLIDATED FINANCIAL STATEMENTS (CONT'D)

      Issuance of shares for debt to equity convention:

      
      
      
      
      
      
      
      
      

      On 16 April 2025, the Company completed the issuance of 34,095,000 common shares at a price of VND 20,000 per share to convert a debt of USD 30 million owed to ACA Vietnam Real Estate III LP, in accordance with the financial restructuring strategy approved by the Annual General Meeting of Shareholders 2024 under Minutes No. 0 I/BBH-DHDCD.2024, Resolution No. 07/DHDCD-NQ.2024 dated 26 April 2024, and the Board of Management' Decision No. 24/2024/HDQT-QD dated 2 l October 2024. All of these shares are subject to a one-year transfer restriction from the issuance date (16 April 2025). On 2.8 April 2025, the Company received the 38th Enterprise Registration Certificate issued by the Ho Chi Minh City Department of Planning and Investment, confirming the increase in charter capital from VND 8,731,400,830,000 to VND 9,072,350,830,000 following the debt-to-equity conversion.

      
      
      

   6. STATEMENT ON THE COMPARABILITY OF INFORMATION TN THE FINANCIAL STATEMENTS

      The comparative figures are those presented in the interim consolidated financial statements for the period from 0.1 Jan uary 2024 to 30 June 2024 and in the consolidated financial statements for the financial year ended 31 December 2024 of the Company, which have been reviewed and audited. These figures are fully comparable with those in the interim consolidated financial statements for the perlod from 0.1 January 2025 to 30 June 2025.

2. APPLICABLE ACCOUNTING STANDARDS AND REGULATIONS

   1. APPLICABLE ACCOUNTING STANDARDS AND REGULATIONS

      The accompanying consolidated financial statements are presented in Vietnamese Dong (VND), prepared on the historical cost basis, and in accordance with Vietnamese Accounting Standards and Vietnamese Enterprise Accounting System as guided by Circular No. 200/2014/TT-BTC dated 22 December 2014 issued by the Ministry of Finance, and Circular No. 53/2016/TT-BTC dated 21 March 20.16 amending and supplementing certain pi ovisions of Circiilar No. 200/2014/TT-BTC. The preparation and presentation of the consolidated financial statements also comply with Circular No. 202/20 14/TT-BTC dated 22 December 20.14 issued by the Ministry of Finance, which provides guidance on the methodology for preparing and presenting consolidated financial statements.

   2. FINANCIAL YEAR

      The Company's financial year begins on 01 January and ends on 31 December of the calendar year. These consolidated interim financial statements have been prepared for the period from

      0.1 January 2025 to 30 June 2025.

   3. STATEMENT OF COMPLIANCE WITH ACCOUNTING STANDARDS AND ACCOUNTING REGULATIONS

      The Company's consolidated interim financial statements have been prepared and presented in full compliance with the requirements of the prevalling Vietnamese Accounting Standards and Vietnamese Enterprise Accounting System, as well as other relevant legal regulations governing the preparation and presentation of consolidated interim financial statements.

      PH AT DAT nEA ESTATE DEVELOPMENT CORP CONSOLIDATED FINANCIAL ST ATE M ENT

      39 Pham N3oc Thach, Xuan Hoa Ward, For the period from 0.1 January 2025 Ho Chi Minh City, Vietnam to 30 June 2025

      Form No. B09a-DN/HN NOTE TO THE INTERIM CONSOLID ATED FINANCIAL STATEMENTS (CONT'D)

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3. SIGNIFICANT ACCOUNTING POLICIES

   The following ai e the significant accounting policies adopted by the Company in the preparation of these consolidated interim financial statements:

   1. BASIS OF PREPARATION OF' THE CONSOLIDATED FINANCIAL STATEIYIENTS

The Corp's consolidated financial statements include the financial statements of the Company and its subsidiaries for the financial year from 0 l January 2025 to 30 June 2025. These consolidated interim financial statements have been prepared for the period fi om 0.1 January 2025 to 30 June 2025.

The Company's consolidated interim flnnncial statements ate prepai ed by consolidating the financial statements of the Company and those of the entities it conti'ols (subsidiaries). Control is achieved when the Company has the power to govern the financial and operating policies of the investee entities in order to obtain benefits from their activities.

All significant intet-company transactions and balances between the Company and its subsidiaries, as well as among subsidiaries, are eliminated in the consolidation process.

Non-controlling interests in subsidiaries include both direct and indirect holdings, determined based on actual ownership percentages unless otherwise agreed. If the ownership in the business registration differs from the contributed capital, the interest follows the company's charter or mutual agreement.

Non-controlling interests in the net assets of consolidated subsidiaries are presented in the consolidated balance sheet as a consolidated component of equity.

The portion of non-controlling interests in the Corporation's consolidated statement of profit and loss is presented as a consolidated line item in the consolidated income statement.

Investments in Associates

An associate is an entity in whlch the Corporation has sign ificant influence but is neither a subsidiary nor a joint venture. Significant influence is the power to participate in the financial and operating policy decisions of the investee but does not constitute control or joint control over those policies.

If the acquisition of a subsidiary is not a business consolidation transaction, that transaction is accounted as a transaction that buys a group of assets and liabilities. The purchase fee is allocated to assets and liabilities based on the corresponding reasonable value of assets and liabilities, and there is no trade advantage or deferred income tax.

The operating results, assets, and liabilities of associates are accounted for using the equity method in accordance with Vietnamese Accounting Standards. Investments in associates are initially recognised at cost and subsequently adjusted to reflect the Company's share of changes in the net assets of the associate after the acquisition date. Losses of an associate that exceed the Company's investment in that associate (including any long-term interests that, in substance, form part of the net investment) are not recognised.

PHAT DAT REA L ESTATE D EVE LOPMEINT CORP CO NSOLIDATED EI NANCIAL STA TE M ENT

3.9 Pham Ngoc Thach, Xuan How Ward, For the period froiii 0.1 Jan uary 2025

Ho Chi Minh City, Vietnam to 30 June 2025

Form No. B09a-DN/HN NOTE TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (CONT'D)

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1. SIGNIFICANT ACCOUNTING POLICIES (CONT'D)

   1. BASIS OF PREPARATION OF THE CONSOLIDATED FINANCIAL STATEMENTS (CONT'D)

Investments in Joint Ventures

Joint ventures are contractual arrangements under which the Company and other parties jointly undertake economic activities and share joint control. Joint control is understood as the requirement for unanimous agreement among venturers on strategic decisions relating to the financial and operating policies of the joint venture.

Where a group entity directly engages in joint venture activities, the Company's share in jointly controlled assets and any liabilities incurred jointly with other venturers are recognised in the Company's financial statements and classified according to the nature of the transactions. Liabilities and expenses directly related to the Company's inter est iii jointly controlled assets are accounted for on an accrual basis. Revenue from the sale or use of the Company's share of the output and expenses incurred are recognised when it is probable that the economic benefits will flow to or from the Company and such benefits can be measured reliably.

Joint venture arrangements that involve the establishment of a consolidated business entity in which venkirers hold equity interests are refen'ed to as jointly controlled entities. The Company accounts for its interests in jointly controlled entities using the equity method in accordance with Vietnamese Accounting Standards.

Any goodwill arising from the acquisition of the Company's interest in a jointly controlled entity is accounted for in accordance with the Company's accounting policies applicable to goodwill arising from the acquisition of subsidiaries.

Goodwill

Goodwill presented in the consolidated financial statements represents the excess of the cost of a business combination over the Company's share in the fair value of the identifiable assets, liabilities, and contingent liabilities of the subsidiary at the acquisition date. Goodwill is considered an intangible asset and is amortised on a straight-line basis over its estimated useful life of 10 years.

].2

Upon disposal of a subsidiaiy, the tinamortised carrying amount of goodwill related to that subsidiary is included in the gain or loss arising from the disposal transaction.

The preparation of interim consolidated financial statements in accordance with Vietnamese Accounting Standards requires the Board of General Directors to make estimates and assumptions that affect the reported amounts of liabi]ities, assets and the disclosure of contingent liabilities and assets at the consolidated financial statements date as well as the reported amounts of revenues and expenses during the period. Actual results may differ from those estimates and assumptions.

PHAT DAT REA L ESTATE DEVE LOPM ENT CORP CO NSO LI DATED FINANC IA L STATE MENT

39 Pham N*oc Thach, Xuan Hoa War d, For the period fi om 0 I January 2025

Ho Ch i Minh City, Vietnam to 3.0 June 2025

Form No. B09a-DN/HN

(These iioleh are uii iii/ego aJ par/ o/curl .s/iei,hf be ren‹f iii coiyiiiic/ioii 4i /i/i die i»/eJ-iiii consolidatccl fin incial

3. SIGNIFICANT ACCOUNTING POLICIES (CONT'D)

Held-to-maturity iitvestftteiits

Held-to-maturity investments include financial instruments that the Company has the intention and ability to hold until maturity. These investments comprise:

Term deposits at banks (including treasury bills and promissory notes), bonds, redeemable preferred shares that the issuer is reqiiired to repurchase at a specific fixture date, and other investments classified as held-to-maturity.

Held-to-maturity investments ai e recognised from the acquisition date and initially measured at purchase cost plus any directly attributable transaction costs. Interest income earned after the acquisition date is recognised on an accrual basis in the consolidated income statement. Any interest received in advance prior to the acquisition date is deducted from the original cost at the time of purchase.

Held-to-maturity investments are measured at cost less provision for doubtful debts.

Where there is objective evidence that part or all of an investment may not be recoverable and the loss can be reliably measured, the impairment loss is recognised as a financial expense in the period and dii ectly deducted from the carrying amount of the investment.

Locate receivable

Loans receivable are measured at original cost less provision for doubtfiil debts.

The provision for dou btful debts redated to loans receivable is established based on the estimated potential loss that may occur.

PHAT DAT REEL ESTATE DEVE LOPME NT CORP CO NSO LI DAT ED F IN ANCIA L STATEM ENT

3.9 Phan Ngoc Thach, Xuan Hoa War d, For the period fi'oir 01 January ? 025

Ho Chi Minh City, Viemain to 30 June 2025

Form No. B09a-DN/HN NOTE TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (CONT'D)

tTliese notes ca-c› on in/eg/'ri/ parl ofanrl .xlioitlcl be i-eacl in conjunction vitli the iiitei'iiii cons olidctte J financ'icil

3.5 FINANCIAL INVESTMENTS

liivestmettls iit eqaity iiistruiiieiits of otlic•r entities

Investments in equity instiiiinents of other entities comprise equity investments in which the Company does not have control, joint control, or signlficant influence over the investee.

These investments are initially recognised at cost, including the purchase price or contributed capital and any directly attributable transaction costs. Dividends and profits relating to periods prior to the acquisition date are deducted from the carrying amount of the investment. Dividends and profits earned after the acquisition date are recognised as income. Dividends received in the form of shares are only tracked by the increased number of shares and are not recognised in value (except for state-owned enterprises, which follow prevailing legal regulations).

Provision for impairment of investments in equity instruments of other entities is made at the time of preparing the consolidated financial statements when there is a decline in value compared to the original cost.

Any increase or decrease in the provision for impairment of these investments as of the reporting date is recognised in financial expenses.

8.6 RECEIVABLES

Receivables are presented at carrying value less provision for doubtful debts. Receivables are classified according to the following principles:

Trade receivables represent amounts arising from commercial transactions between the Company and independent buyers, including receivables from consigned export sales through other entities.

Intercompany receivables represent amounts due from dependent units without legal status that are accounted for under the Company.

- Other receivables represent non-commercial receivables not related to purchase and sale transactions.

The provision for bad debt is not required to show the value of the receivables that the company is expected to be unable to recover at the time of making financial statements. The increase or decrease of the provision that receivables from the course of the financial statement is accounted for the enterprise management expenses.

Inventories are stated at the lower of cost and net realisable value. Cost is determined on the weighted average basis and comprises all costs of purchase, costs of conversion, and other costs incurred in bringing the inventories to their present location and condition. Net i'ea1isable value is the estimated selling price of inventoi res in the ordinary course of business, less the estimated costs of completion and the estimated costs necessary to make the sale.

The value of inventories is determined using the weighted average method. Inventories are accounted for under the perpetual method.

PHAT DAT REAL ESTATE DEVELOPMENT CORP CONSOLIDATED FINANCIAL STATEMENT

39 Pham Ngoc Thach, Xuan Hoa Ward, For the period fi oin 01 January 2025 Ho Chi Minh City, Vietnam to 30 June 2025

Form No. B09a-DN/HN

3. SIGNIFICANT ACCOUNTING POLICIES (CONT'D)

Form No. B09a-DN/HN NOTE TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (CONT'D)

(I/tche iiotus « 'e n i rulegral pcii'l o/ a ml sly oalcl be /-ead i coiyiiiic //o» 1i ///i //ie inter ion cci trolls/dler/,//iiaiicia/

3. SIGNIFICANT ACCOUNTING POLICIES (CONT'D)

Borrowing costs include interest expenses and other costs directly attributable to borrowings.

PHAT DAT REAL ESTAT E DE VELO PM ENT CORP CONSO LI DATED FINANC IA L STATE!YIENT

39 Plc am Ngoc l'hacli, Xuan Hoa Ward, For the period from 0 l Ianuary 2025

I-Io Chi Minii City, Vietnam to 30 June 2025

Form No. B09a-DN/HN NOTE TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (CONT'D)

(The.se moles ore an triteg'al pot-I of and slyoiilc! l c• recicl in conjiiiiction i›itli the› iiilei'iiii coiisoliUcitc ‹l fincuicial

1. SIGNIFICANT ACCOUNTING POLICIES (CONT'D)

   1. BORROWING COSTS (CONT'D)

      Boi rowing costs are recognised as prodtJCtIon and business expenses in the year incun ed, unless capitalised in accordance vritli the Accounting Standard 'Boi rowing Costs." Accordingly, borrowing costs that are dii ectly attributable to the acquisition, consti uction, or production of assets that require a relatively long period of time to complete and bring into use or operation shall be added to the cost of such assets until the assets are ready for use or operation. Income arising from the temporary investment of borrowed funds shall be deducted from the cost of the related assets. For specific borrowings used for the construction of fixed assets or investment properties, interest expenses shall be capitalised even if the construction period is less than 12 months.

   2. LIABILITIES

      Liabilities are classified by nature as follows:

      Payables to suppliers comprise trade payables arislng from the 9m chase of goods and services.

      - Other payables comprise non-trade payables not related to the purchase of goods and services.

      Liabilities are classified as current or non-current in the consolidated balance sheet based on their remaining maturities from the date of the consolidated balance sheet to the settlement due date.

   3. ACCRUED EXPENSES

      Accrued expenses include amounts payable for goods and services received from suppliers during the period but not yet paid due to the absence of invoices or insufficient accounting documents, and are recognised in production and business expenses iii the period.

   4. OWNER'S EQUITY
      
      
      

      Contributed capital is recognised at the actual amount contributed

      Other owners'capital is formed from retained earnings, asset revaluation reserves, and the net remaining value between the fair value of donated, gifted, or sponsored assets and the applicable tax liabilities (if any) related to those assets.

      Share pi'eiiiiimi

      Share pi emiiim is recognised as the difference between the issuance price and the par value of shares in initial and additional share issuances, resale price of treasury shares over their book value, and the equity component of convertible bonds upon maturity. Direct costs related to additional share issuance and resale of treasury shares are deducted from share premium.

      PHAT DAT ICAL ESTATE DEVE LOPIYIENT CORP CONSOLIDATL D FIINANCIAL STATEMENT

      39 Pham Ngoc Thach, Xuan Hoa Ward, For the period from 0.1 January 2025 Ho Chi Minh City, Vietnam to 30 June 2025

      Foi'm No. B09a-DN/HN

      NOTE TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (CONT'D)

      (The.se notes are an tritegi-al pai't o] anal .sl1oul‹l be i call in coiijimction ›vitli llle inter tin coiisolidmecl finunc tel slciteiiieiit)

      3. SIGNIFICANT ACCOUNTING POLICIES (CONT'D)

   5. PROFIT DISTRIBUTION

      Profit after tax (PAT) may be distributed to the owners after appropriations to reserves in accordance with the Company's charter and the regulations of Vietnamese law. Dividends are recognised as payables in the balance sheet after approval by the General Meeting of Shareholders through resolutions passed at the annual general meeting. Dividends payable to shareholders are tracked and recorded for each specific shareholder following the announcement of dividend distribution by the Company's Board of Manager and the record date notification issued by the Vietnam Securities Depository and Clearing Corporation.

      
      
      
   6. REVENUE AND INCONIE RECOGNITION

Revenue froiii REndei'ing of Services

Service revenue is recognised when all of the following conditions are met: Revenue can be measured reliably;

It is probable that economic benefits will flow to the Company;

• The stage of completion of the service at the balance sheet date can be reliably determined; The costs incurred for the transaction and thc costs to complete the service can be measured reliably.

  
  
  

  Revenue from real estate sales, where the Company is the developer, is recogn:sed when all of the following conditions are met:

• The real estate property has been fully completed and delivered to the buyer, and the Company has transferred the risks and rewards associated with ownership of the property to the buyer;

The Company no longer retalns managerial control or effective control over the real estate property;

Revenue can be measured reliably;

The Company has received or will receive economic benefits from the sale of the real estate; The costs associated with the real estate sale transaction can be reliably measured.

Revei7tfe fi our lanJ plot sales

Revenue from land plot sales under an irrevocable contract is recognised when all of the following conditions are met:

The risks and rewards associated with the land use rights have been transferred to the buyer; Revenue can be measured reliably;

The costs associated with the land plot sale transaction can be reliably measured;

The Company has received or will certainly receive economic benefits from the land plot sale transaction;

Finance Income

Finance income, including interest, dividends, distributed profits, and other financial income, is recognised when both of the following conditions are satisfied:

It is probable that economic benefits will flow to the Company; The amount of revenue can be measured reliably.

Dividends and distributed profits are recognised when the Company has the right to receive payment.

PHAT DAT REAL ESTATE D EVE LO PMENT CORP CONSOLIDATED FIN ANCIA L STATEMENT

39 Pharm Ngoc i hacli, Xuan Hoa Warrl, For the period fi om 0.1 January 2025 Ho Chi Minh City, Vietnam to 30 June 2025

NOTE TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (CONT'D)

(These molesc at e an integi'ol pai't o] anal .s/ic›ii/d be i call in conj suction ii'illi the inter tin coiisolidatecl financial

Plateiiient)

1. SIGNIFICANT ACCOUNTING POLICIES (CONT'D)

   1. MVENUE AND INCOMF RECOGNITION (CONT'D)

      Reveiuie fi'oiii oper‹itiiig lecise

      Operating lease revenue is recognised on a sti'aight-line basis over the lease term. Advance rental payments covering multiple periods are allocated to revenue in accordance with the lease term.

   2. COST OF GOODS SOLD

      Cost of goods sold reflects the cost of products, goods, and services that have been sold or provided during the period. The cost of real estate transferred is determined based on estimated

      costs derived from the initial total investment and subsequent approved adjustments of the , projects, together with other dii ectly attributable actual costs related to the investment and construction of the real estate.

   3. 
      
      

Cor-porate incoiiie tax

Corporate income tax, if any, represents the total amount of cuiTent income tax and deferred income tax.

Current income tax payable is calculated based on taxable income for the period. Taxable income differs from accounting profit as presented in the income statement because it excludes taxable or deductible amounts in other year s (including carried-forward tax losses, if any) and also excludes items that are non-taxable or non-deductible.

Deferre‹l Income T‹n:

Deferred income tax is determined for temporary differences at the end of the reporting period between the tax base of assets and liabilities and their carrying amounts in the interim consolidated financial statements.

DefeiTed tax liabilities are recognised for all taxable temporary differences.

Deferred tax assets are recognised for all deductible temporary differences, cariyforward of unused tax losses, and unused tax credits, to the extent that it is probable that fiihire taxable profit will be available against which the deductible temporary differences can be utilised.

The causing amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow the benefit of part or all of the deferred tax asset to be utilised. Previously unrecognised deferred tax assets are reassessed and recognised when it becomes probable that future taxable profit will allow the deferred tax asset to be recovered.

Deferred income tax is measured at the tax rates expected to apply in the per iod when the asset is realised or the liability is settled, based on tax laws that have been enacted or substantively enacted by the end of the reporting period.

Similar to current income ta.x, deferred income tax is recognised in the interims consolidated income statement, except when it relates to items recognised directly in equity, in which case it is also recognised duectly in equity.

PHAT DAT REAL ESTATE DEVELOPMENT CORP CONSOLIDATE D EINANCIAL STATEMENT

39 Pham Ngoc Thach, Xuan Hoa Ward, For the period from 01 January 2025 Ho Chi Minh City, Vietnam to 30 .Iuiie 2025

Form No. B09a-DN/HN NOTE TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (CONT'D)

3. SIGNIFTCANT ACCOUNTING POLICIES (CONT'D)

A business segment is a distinguishable component engaged in producing or providing individual products or services, or a group of related products or services, that is subject to risks and returns different from those of other business segments.

A geographical segment is a distinguishable component engaged in producing or providing products or services within a particular economic environment that is subject to risks and returns different from those of segments operating in other economic environments. The Company's business operations are not affected by geographical factors or customer groups. Accordingly, the Company determines that there are no geographical differences in all of its business activities.

The Company's principal business activity is real estate (including purchase, sale, construction, and leasing of real estate) within the territoiy of Vietnam. During the period, other business activities accounted for a very small proportion (less than 10%) of the Company's total revenue structure and operating results. Therefore, in accordance with Vietnamese Accounting Standard No. 28 - Segment Reporting, the Company is not required to prepai e and present segment financial statements. The financial information presented in the consolidated balance sheet as at 30 June 2025, and all i evenue and expenses presented in the consolidated statement of profit or loss for the petiod from 01 January 2025 to 30 June 2025, mainly relate to the Company's principal business activities.

PHAT DAT REA L ESTATE DEVE LOPII ENT CORP CO NSO LIDATED FIN ANC1AL STATEM ENT

39 Pham N3oc Thach, Xuan Hoa Ward, For the period froth 0.1 January 2025 Ho Chi Minh City, Vietnam to 30 June 2025

Form No. B09a-DN/HN NOTE TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (CONT'D)

(These ii otes ai'e at iiiteg cil pea-t o/niiJ .i/yori/‹/ be i curl lit conjure rio i lJ tilt //ie intei'iiii con.xoli‹l‹iiecl financial

Supplementary Information to the Interim Consolidated Cash Flows Statement:

• Debts converted into capital contributions through share issuance

• Debts offset against receivables from capital contribution transfers to other entities

To tal

From fi1/01/2025 From 01/01/2024 to 30/06/2025 to 30/06/2024

VND VND 681,900,000,000

419,500,000,000

68.900,000.000 4T 9.500,000.000

1. FINANCIAL INVESTMENTS

   1. SHORT-TERM FINANCIAL INVESTMENTS

      As at 30 lone 2025, the balance includes term deposits at Military Commercial Joint Stock Banlt

      - Saigon Branch with an original maturity of twelve months, bearing interest at an annual rate of 4.6%. The Company has pledged a deposit contract amounting to VND 100,000,000,000 at Military Commercial Joint Stock Bank as collateral for a loan from the same bank in relation to the Ben Thanh - Long Hai Project (Note 21).

      PHAT DAT REAL ESTAT E DEVELOPMENT CORP

      39 Pham Ngoc Thach, Xuan Hoa Ward, Ho Chi Minh City, Vietnam

      NOTE TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (CONT'D)

      (These notes are an integral part of ond should be reaJ in conJi+nction ivith the interim consolidoled financial stateine nl)

      5. FINANCIAL INYESTMENTS (CONT'D)

   2. LONG-TERM FINANCIAL INVESTMENTS

      CONSOLIDATED FI NANC I AL STATEMENT

      For the period from 01 January 2025 to 30 June 2025

      Form No. B09a-DN/HN

      As a t 30/06/2025 As at 01/01/202a

      Historical cost		Share of profit/loss in associates		Ca rryin g Anno unt under the equity method		Histo rica l cost	Sha re of pro fit/loss in asso ciates	Carrying• A m o u iit under the equ i/ method
      VND		VND		VND		VN D		VN D
      107,234,059,102		(83,587,311,630)		23,646,747,472		105,823,1 07,000	(70,599,039,435)	35,224,067,563
      21,374,059, 102		(313,097,911)		21,060,961,19 I		19,963, 1 07, 000	(281.503,43 8)	19,6S1,603,5 62
      85,860,000,000		(83,274, 213, 719)		2,585, 786,28 I		85,860,000, 000	(70,317,535,997)	I 5,542,464, 003
      107 234,059 102	(83.587.311,630)		23.646, 747,472			105,823,107,000 (70,599,039,435) 35,224, 067,»6»

      Investments in joint-venture, associates

      
      
      
      
      
      

      P DP Project Construction Investment Co., Ltd. (*) Commonwealth Properties Real Estate Corp.

      TOtS1

      
      
      

      (*) As at 30 June 2025, the Company was still In the process of contributing an additional VND 125,625,940,898 to the charter capital of PDP Project Construction Investment Co., Ltd.

      PHAT DAT REAL ESTATE DEVELOPMENT CORP

      39 Pham Ngoc Thach, Xuan Hoa Ward, Ho Chi Minh City, Vietnam

      NOTE TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (CONT'D)

      (These notes are an integral part of and should be read in conjunction with the interim consolidated financial stoleme nl)

      CONSOLIDAT ED FINANCIAL STATE MENT

      For the period from 01 January 2025 to 30 une 2025

      Form No. B09a-DN/HN

2. TRADE RECEIVABLES

As at 30/06/2025

As at 01/01/2025

Anno unt

Provisio n

A mo unt

Pro vis io n

VND VND VN D VN D

Total

Trade receivables from related parties (Note 34)

1,954,727.238,971 (1,041,544,375)

2,806,270,912,856 (1,041,544,375)