Along
with the development of Vietnam

• Originally named Electrical Engineering Equipment Joint Stock Corporation.
• Core business: Manufacturing, trading, importing, and exporting electrical equipment and electrical engineering materials.

• Renamed to Vietnam Electrical Equipment Joint Stock Corporation
• Logo registered for protection GELEX

• In October 2015, GELEX shares were traded on UPCOM (ticker symbol GEX).
• In December 2015: the State divested all interest from GELEX.

• GELEX officially converted to a holding corporation model.
• Electrical Measuring Instrument Co., Ltd (now GELEX Electric Equipment JSC) was established to separate its production from the parent-company GELEX.
• GELEX Energy One-Member Co., Ltd (now GELEX Infrastructure JSC) was set up to expand its business into infrastructure and energy.

• M&A with Phu Thanh My JSC – Owner of 49 MW Song Bung 4A Hydropower Project.
• M&A with South Logistics Joint Stock Company – Sotrans.

• Listed on HOSE on January 18, 2019 – Ticker symbol: GEX
• M&A with Song Da Clean Water Investment JSC.
• Started construction of Ninh Thuan Solar Farm.
• Acquired stock in Dong Anh Electrical Equipment Corporation – JSC (EEMC) and Dong Anh Electrical Equipment Manufacturing JSC (MEE), manufactured transmission transformers.

• Industrial production: Launched expansion projects, improved production capability, and conducted R&D on new products.
• Infrastructure:
  • Acquired and owned 25.5% shares of VIGLACERA Corporation – JSC (VGC), expanded operations into investment in industrial parks and construction materials.
  • Completed legal procedures for Huong Phung 2,3, GELEX Quang Tri 1,2,3 wind farms;
  • Ninh Thuan Solar Farm was connected to the national grid and granted preferential FIT prices
• Successfully issued corporate bonds guaranteed by CGIF, a trust fund of Asian Development Bank (ADB).

• Operated projects of expanding electrical equipment production; deployed SAP ERP.
• Increased the ownership ratio in VIGLACERA to 46.1%.
• Put rooftop solar power plants into operation to take advantage of FIT scheme.
• Divested from logistics business.

• Increased the ownership ratio to 50.2% and held a controlling interest at VIGLACERA
• Operated Huong Phung 2, 3 and GELEX Quang Tri 1, 2, 3 wind farms with a total capacity of 140 MW, took advantage of FIT scheme.
• Completed ownership restructuring of two sub-holdings: GELEX Electric and GELEX Infrastructure.

• Focused on risk management and inner strength enhancement.
• Completed personnel apparatus and management system towards
throughout governance in three areas: Finance & Planning, Human Resources, and Internal Audit.
• In March 2022, GELEX Electric shares were traded on UPCOM (ticker symbol: GEE)

• In March 2023, GELEX signed a cooperation agreement with Frasers Property Vietnam in the field of industrial parks, aiming to develop high-quality industrial spaces that meet international green building standards.
• In November 2023, GELEX approved the investment cooperation with Sembcorp Industries in the field of renewable energy, contributing to the energy transformation and sustainable development process in Vietnam.