VINACHEM

On March 26, 2025, the 2025 Employees Delegate Conference of DAP No. 2 - Vinachem Joint Stock Company was successfully, marking a year of great effort and many achievements in 2024, while also reaching a consensus on goals and strategic solutions for a promising 2025.

Mr. Nguyen Huu Tu, Deputy Secretary of the Party Committee, Member of the Board of Directors, and General Director & CEO of Vietnam National Chemical Group (Vinachem), attended and directed the Conference.

Amidst a volatile global economic landscape, DAP No. 2 - Vinachem demonstrated remarkable resilience and effort in 2024. The report presented at the Conference highlighted impressive business results: revenue reached nearly VND 2,800 billion, pre-tax profit reached nearly VND 130 billion (exceeding the plan by 200%), and DAP production output reached over 220,000 tons (an increase of 25% compared to 2023). These figures contributed to the overall success of Vinachem Group, with total Group revenue reaching approximately VND 59,000 billion and pre-tax profit of over VND 3,100 billion.

Beyond focusing on production and business operations, DAP No. 2 - Vinachem also paid special attention to the lives of its employees. The average income in 2024 reached VND 15 million per month, higher than the previous year, along with the full and timely implementation of policies and regimes, which created motivation and long-term commitment among employees to the Company.

The Conference approved the direction and tasks for 2025, with the goal of achieving over 8% growth, ensuring stable employment, and improving the lives of employees.

In his directing speech at the Conference, Mr. Nguyen Huu Tu acknowledged and praised the efforts of the leadership team and all employees of DAP No. 2 - Vinachem in the past year. He also pointed out the intertwined opportunities and challenges in 2025. With the official implementation of VAT on fertilizers, coupled with the recovery of the global economy, 2025 is expected to bring favorable conditions for the Company's growth.

Mr. Nguyen Huu Tu highly appreciated the 9 groups of solutions proposed by the Company and suggested some additional key solutions, such as:

• Stabilize production and take advantage of VAT benefits: Proactively develop production and business plans suitable for the 5% VAT application, closely follow the restructuring plan, and ensure debt repayment obligations.

• Improve the quality of human resources and the lives of employees: Ensure employment, income, create a safe and friendly working environment, focus on training, and encourage innovation.

• Promote digital transformation and technological innovation: Strengthen the application of information technology in management, develop science and technology, diversify products, and expand markets.

• Enhance management and ensure safety: Continue to effectively implement occupational safety and health, fire prevention and fighting, environmental protection, control the quality of raw materials, and seek stable supply sources.

• Resolve outstanding issues thoroughly: Accelerate the finalization of EPC contracts and have an effective plan to address the Gyps waste disposal issue.

With the consensus and determination of the leadership team and employees, the Group's leadership believes that DAP No. 2 - Vinachem will overcome all difficulties and challenges, successfully complete the tasks for 2025, and contribute to the sustainable development of Vietnam National Chemical Group.