SURVEILLANCE RESULT OF THUAN DUC JOINT STOCK COMPANY FOR 2024

* CREDIT RATING OPINION (second year of monitoring): vnBBB

* OUTLOOK: Stable

* DATE OF RATING CERTIFICATION ISSUANCE: December 12, 2024

* ANALYSTS:

Mr. Nguyen Duc Phu. MSc

Ms. Nguyen Kim Chi, BA

* RATING COMMITTEE:

Mr. Nguyen Phi Long, ACCA

Mr. Le Hoang Quan, MBA

Mr. Bui Van Long, MSc

* INFORMATION OF INTEREST CONFLICT

– Saigon Ratings’ share ownership in Thuan Duc JSC: None

– Saigon Ratings’ bond ownership in Thuan Duc JSC: None

– Saigon Ratings’ other debt instrument ownership in Thuan Duc JSC: None

– Saigon Ratings employee’s share ownership in Thuan Duc 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 (Thuan Duc JSC).

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