CREDIT RATING RESULT OF KHAI HOAN LAND GROUP JSC FOR 2023

* CREDIT RATING OPINION (first time): vnBBB-

* OUTLOOK: Stable

* DATE OF RATING CERTIFICATION ISSUANCE: December 15, 2023

* BUSINESS LINE: Real estate developer

* ANALYSTS:

Mr. Nguyen Duc Phu, MSc

Mr. Nguyen Ngoc Huy, MBA

Mr. Tran Chi Cuong, MSc

* RATING COMMITTEE:

Mr. Nguyen Phi Long, ACCA

Mr. Bui Van Long, MSc

Mr. Le Hoang Quan, MBA

* INFORMATION OF INTEREST CONFLICT

– Saigon Ratings’ share ownership in Khai Hoan Land Group JSC: None

– Saigon Ratings’ bond ownership in Khai Hoan Land Group JSC: None

– Saigon Ratings’ other debt instrument ownership in Khai Hoan Land Group JSC: None

– Saigon Ratings employee’s share ownership in Khai Hoan Land Group 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 (Khai Hoan Land Group JSC).

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