SURVEILLANCE RESULT OF 577 INVESTMENT CORPORATION FOR 2025

* 6-MONTH SURVEILLANCE RATING RESULT (First year of monitoring): Confidential

* OUTLOOK: Confidential

* DATE OF RATING CERTIFICATION ISSUANCE: April 10, 2025

* CREDIT RATING RESULT IS VALID UNTIL: August 09, 2025

* BUSINESS LINE: Real estate development

* RATING COMMITTEE:

Mr. Bui Van Long, MSc

Mr. Le Hoang Quan, MBA

Ms. Bui Thu Huong, MBA, CFA

* ANALYSTS:

Mr. Nguyen Duc Phu, MSc

Ms. Do Phuong Lan, MDE

* INFORMATION OF INTEREST CONFLICT

– Saigon Ratings’ share ownership in 577 Investment Corporation: None

– Saigon Ratings’ bond ownership in 577 Investment Corporation: None

– Saigon Ratings’ other debt instrument ownership in 577 Investment Corporation: None

– Saigon Ratings employee’s share ownership in 577 Investment 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 (577 Investment Corporation).

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