CREDIT RATING RESULT OF PHU HUNG LIFE INSURANCE JSC (PHU HUNG LIFE) FOR 2020

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

* OUTLOOK: Confidential

* DATE OF RATING CERTIFICATION ISSUANCE: June 03, 2020

* ANALYSTS:

Mr. Huy Tran Ngoc, MBA

Ms. My Nguyen Hong, MSc

Ms. Hang Le Thi Thuy, MSc

* RATING COMMITTEE:

Mr. Vuong Nguyen Hung, Bec

Mr. Long Nguyen Phi, ACCA

Ms. Nhi Nguyen Thi Quy, MSc

* INFORMATION OF INTEREST CONFLICT

– Saigon Ratings’ share ownership in Phu Hung Life: None

– Saigon Ratings’ bond ownership in Phu Hung Life: None

– Saigon Ratings’ other debt instrument ownership in Phu Hung Life: None

– Saigon Ratings employee’s share ownership in Phu Hung Life: 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 (Phu Hung Life).

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