SURVEILLANCE RESULT OF PHU LONG REAL ESTATES CORPORATION FOR 2025

* 6-MONTH CREDIT RATING OPINION (First year of monitoring): Confidential

* OUTLOOK: Confidential

* DATE OF RATING CERTIFICATION ISSUANCE: June 30, 2025

* Business line: Real estate development

* RATING COMMITTEE:

Ms. Bui Thu Huong, MBA, CFA

Ms. Do Phuong Lan, MDE

Ms. Cao Thi Thanh Thuy, MSc

* ANALYSTS:

Mr. Nguyen Duc Phu, MSc

Mr. Tran Ngoc Huy, MBA

* INFORMATION OF INTEREST CONFLICT

– Saigon Ratings’ share ownership in Phu Long Real Estates Corporation: None

– Saigon Ratings’ bond ownership in Phu Long Real Estates Corporation: None

– Saigon Ratings’ other debt instrument ownership in Phu Long Real Estates Corporation: None

– Saigon Ratings employee’s share ownership in Phu Long Real Estates 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 (Phu Long Real Estates Corporation)).

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