RATING RESULT OF BAC HA ENERGY CORPORATION FOR 2025

* CREDIT RATING OPINION (first-time): vnA-

* OUTLOOK: Stable

* DATE OF RATING CERTIFICATION ISSUANCE: March 31, 2025

* BUSINESS LINE: Electric Power Generation

* RATING COMMITTEE:

Mr. Bui Van Long, MSc

Mr. Le Hoang Quan, MBA

Ms. Bui Thu Huong, MBA, CFA

* ANALYSTS:

Mr. Nguyen Duc Phu, MSc

Mr. Tran Ngoc Huy, MBA

Ms. Nguyen Kim Chi, BA

* INFORMATION OF INTEREST CONFLICT

– Saigon Ratings’ share ownership in BAC HA Energy Corporation: None

– Saigon Ratings’ bond ownership in BAC HA Energy Corporation: None

– Saigon Ratings’ other debt instrument ownership in BAC HA Energy Corporation: None

– Saigon Ratings employee’s share ownership in BAC HA Energy Corporation: 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 (BAC HA Energy Corporation).

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