19/8/2024 Interim Separate Financial Statements for the period ended June 30, 2024 with explanation

SOCIALIST REPUBLIC OF VIETNAM

Independence - Freedom - Happiness

DISCLOSURE OF INFORMATION ON THE STATE SECURITIES

COMMISSION'S PORTAL AND THE HOCHIMINH STOCK

EXCHANGE'S PORTAL

To: - The State Securities Commission

• • The Hochiminh Stock Exchange
• Name of organization: Tien Phong Commercial Joint Stock Bank
• Stock code: TPB
• Address: TPBank Building, No. 57, Ly Thuong Kiet Street, Tran Hung Dao Ward, Hoan Kiem District, Hanoi City
• Tel: 024. 3768 8998
• Fax: 024. 3768 8979
• Submitted by: Mr. Le Quang Tien
  Position: Vice Chairman of the Board of Directors

Content of Information disclosure: Interim Separate Financial Statements for the period ended June 30, 2024.

Tien Phong Commercial Joint Stock Bank (TPBank) would like to explain the changes in profit after tax compared to the same period in the Interim Separate Financial Statements for the period ended June 30, 2024 as follows:

Interim separate profit after tax in 2024 reached nearly 2,986 billion VND, an increase of more than 279 billion VND (equivalent to 10.33%) compared to the same period last year.

Main reason:

Interim separate profit after tax in 2024 reached nearly 2,986 billion VND, an increase of more than 279 billion VND (equivalent to 10.33%) compared to 6M2023. Of which, the largest contribution to the total profit of the bank still comes from Net interest income and Net fee and commission income.

In the first 6 months of this year, the Bank's interest and service income achieved positive growth thanks to the expansion of customer scale as well as the diversity and increase in service quality of the Bank, specifically as follows:

• Net interest income in 6M2024 reached nearly 6,663 billion VND, an increase of nearly 828 billion VND compared to the same period last year (an increase of 14.19%).

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• Net fee and commission income in 6M2024 reached more than 1,660 billion VND, an increase of more than 530 billion VND compared to the same period in 2023 (an increase of 46.93%).
  In addition, thanks to the implementation of policies to optimize operating costs to increase profit margins, the Bank's operating expenses in 1H2024 decreased by VND 453 billion (a decrease of 12.91%) compared to with the same period in 2023.
  The business situation of some operating segments in 6M2024 of TPBank is as follows :

Unit: Million VND, %

This information was disclosed on TPBank's Portal on August 19, 2024 available at https://tpb.vn/eng/nha-dau-tu/bao-cao-tai-chinh

I declare that all information provided in this paper is true and accurate; I shall be legally responsible for any mispresentation.

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