SURVEILLANCE RESULT OF TNPOWER ENERGY JSC FOR 2024

* CREDIT RATING OPINION (first year of monitoring): Confidential

* OUTLOOK: Confidential

* DATE OF RATING CERTIFICATION ISSUANCE: July 18, 2024

* CREDIT RATING RESULT IS VALID UNTIL: November 16, 2024

* BUSINESS LINE: Energy

* ANALYSTS:

Mr. Nguyen Phi Long, ACCA

Mr. Vo Tan Duc, MSc

Mr. Bui Van Long, MSc

* RATING COMMITTEE:

Mr. Nguyen Duc Phu, MSc

Mr. Le Hoang Quan, MBA

Mr. Nguyen Xuan Dung, MSc, CPA

* INFORMATION OF INTEREST CONFLICT

– Saigon Ratings’ share ownership in TNPOWER Energy JSC: None

– Saigon Ratings’ bond ownership in TNPOWER Energy JSC: None

– Saigon Ratings’ other debt instrument ownership in TNPOWER Energy JSC: None

– Saigon Ratings employee’s share ownership in TNPOWER Energy JSC: None

Saigon Ratings is committed to the implementation of credit rating independently and objectively.

Saigon Ratings issued a credit rating report as a reference information; it is not an investment or capital contribution recommendation for debt instruments issued by the rated company (TNPOWER Energy JSC).

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