TLCC SUCCESSFULLY CONDUCTED ANNUAL GENERAL MEETING OF SHAREHOLDERS

On the morning of May 24^th, 2023, Thang Long Cement Joint Stock Company successfully held the Annual General Meeting of Shareholders (AGMS) for the fiscal year 2022. Under the operation of the Chairman of the Board of Management – Mr. Antonius Ardian Bermana - shareholders approved many important agendas on business results in 2022 and business plan in 2023, the agendas were voted and approved by 100% of attending shareholders.

The year 2022, is a challenging year for the economy of the world and Vietnam, has strongly impacted the construction materials industry in general and the cement industry in particular, leading to the cement consumption demand for domestic and export markets sharply decreased while the prices of input materials (coal, oil, ..) increased. The bank's tightening monetary policy; oversupply; quiet real estate market; slow disbursement of public projects are the main reasons for fierce competition in the domestic market. TLCC's Board of Directors has actively applied many innovative programs in production and business for cost saving and performance improvement.

In 2023, it is forecasted that the economy will still face many difficulties, however, based on the available strengths, TLCC will try to improve production and business activities to turn around the situation and achieve the targets in production and business and get profit.