Dear Shareholders and Investors!

Recently, some social media accounts have spread slanderous information, with the intention of defaming the activities of GELEX Group and Mr. Nguyen Van Tuan – General Director of GELEX Group, regarding GELEX owning 10% of Eximbank’s charter capital.

This information has appeared since GELEX officially became a major shareholder owning 10% of Eximbank’s charter capital and the frequency has shown signs of increasing since Eximbank planned to move its headquarters to Hanoi. Currently, GELEX does not nominate any capital representative to participate in the Board of Directors (BOD) or Executive Board at Eximbank. GELEX complies with the rights and obligations of a common shareholder as prescribed by the Law on Credit Institutions, the Law on Enterprises and the Charter of Eximbank.

GELEX Group affirms that the information being spread from the above social media accounts is false, baseless and aimed at defaming GELEX as well as GELEX’s leadership. This has seriously affected the interests of GELEX shareholders. Since August 9, when GELEX bought more than 89 million EIB shares, GEX closed at VND 21.450, and by November 14, GEX’s market price was VND 18.200, equivalent to a decrease of 17.8%. It is estimated that GELEX’s capitalization has decreased by more than VND 2.6 trillion.

On November 12, answering questions before the National Assembly, Minister of Public Security Luong Tam Quang assessed that the consequences of fake news and false news are unpredictable, causing many serious consequences that threaten the socio-economic stability, and even national sovereignty and global security.

All acts of fabricating and spreading false information that affect GELEX and GELEX’s leaders are illegal acts and will be handled/prosecuted according to regulations. We will work with the authorities to verify the origin of the rumors as well as coordinate to resolve related issues, in order to protect the rights and legitimate interests of GELEX Group, its shareholders and investors.

GELEX Group recommends that investors need to comprehensively perceive, analyze and evaluate macroeconomic factors, business production activities of enterprises, as well as receive official information from enterprises, especially be careful with false and unverified rumors that affect investment decisions.

Dear Shareholders and Investors!

At the end of October, VIS Rating – a credit rating organization according to Moody’s standards, assessed GEX’s scale at “very strong”, reflecting its deep and solid presence in the market in core business segments, the diversity of products to serve market demand and the ability to maintain good relationships with suppliers and financial institutions.

VIS Rating also rated GELEX’s long-term issuer credit rating at A with a stable prospect. This is the first time VIS Rating has ranked GELEX.

Previously, Vietnam Report also announced that GELEX was in the Top 50 Most Profitable Enterprises in Vietnam 2024 for the 5th consecutive time. The company received the award for maintaining stable and sustainable business performance in the 2023-2024 period.

GELEX has achieved impressive business results after 10 months, with consolidated net revenue reaching VND 26.668 billion, equivalent to completing 83% of the annual revenue target. Consolidated profit before tax reached VND 2.558 billion, equivalent to 130% of the plan.

All official information will be provided fully on the official website of GELEX Group at: gelex.vn.