SURVEILLANCE RESULT OF THANH THANH CONG INVESTMENT JSC (TTCI) FOR 2025

* 6-MONTH CREDIT RATING OPINION (second year of monitoring): vnA+

* OUTLOOK: Stable

* DATE OF RATING CERTIFICATION ISSUANCE: February 20, 2025

* Business line: Investment Holding Company

* 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

* INFORMATION OF INTEREST CONFLICT

– Saigon Ratings’ share ownership in Thanh Thanh Cong Investment JSC (TTCI): None

– Saigon Ratings’ bond ownership in Thanh Thanh Cong Investment JSC (TTCI): None

– Saigon Ratings’ other debt instrument ownership in Thanh Thanh Cong Investment JSC (TTCI): None

– Saigon Ratings employee’s share ownership in Thanh Thanh Cong Investment JSC (TTCI): 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 (Thanh Thanh Cong Investment JSC (TTCI)).

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