CREDIT RATING RESULT OF AMERICAN PROPERTY JSC FOR 2023

* CREDIT RATING OPINION (first-time): Confidential

* OUTLOOK: Confidential

* DATE OF RATING CERTIFICATION ISSUANCE: March 14, 2023

* CREDIT RATING RESULT IS VALID UNTIL: March 13, 2024

* BUSINESS LINE: Real Estate Developer

* ANALYSTS:

Mr. Tran Chi Cuong, MSc

Mr. Bui Van Long, MSc

Mr. Nguyen Thanh Son, MSc

Mr. Hoang Thanh Sang, ACCA

* RATING COMMITTEE:

Mr. Cao Thanh Dinh, MBA

Mr. Trinh Cong Son, ACCA, CPA

Mr. Nguyen Huu Truc, MSc

* INFORMATION OF INTEREST CONFLICT

– Saigon Ratings’ share ownership in American Property JSC: None

– Saigon Ratings’ bond ownership in American Property JSC: None

– Saigon Ratings’ other debt instrument ownership in American Property JSC: None

– Saigon Ratings employee’s share ownership in American Property 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 (American Property JSC).

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