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Letter of Chairman on Tet Eve 2025

January 28, 2025

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Coteccons Announces Audited FY2025 Results: Positive Revenue and Profit, Strengthening the Foundation for Sustainable Growth

25/09/2025

Ho Chi Minh City, September 25, 2025 – Coteccons Construction Joint Stock Company (HOSE: CTD) has announced its audited consolidated financial statements for fiscal year 2025, with several positive adjustments compared to the previously released unaudited figures. The results reaffirm the Company’s efforts in cost control and operational efficiency amid a challenging construction market. Specifically, the audited FY2025 results highlight the following positive growths: Consolidated net revenue reached VND 24,885 billion, an increase of VND 18 billion compared to the unaudited report, completing 99.5% of the target set at the FY2024 Annual General Meeting (AGM). Despite industry headwinds such as intense competition and rising material and labor costs, Coteccons effectively controlled expenses and enhanced project execution capabilities. As a result, gross profit rose to VND 815 billion, up VND 37 billion, lifting the gross margin to 3.28%, nearly on par with last year’s level (3.39%). Operating profit reached VND 533 billion, an increase of VND 4 billion after audit. The operating profit margin improved to 2.14%, up 0.69 percentage points year-on-year. Net profit after tax rose by VND 2 billion compared to the unaudited report, fulfilling 106% of the annual plan. Return on average equity (ROE) reached 5.09%, a 1.49 percentage point improvement year-on-year. As of June 30, 2025, Coteccons’ consolidated total assets stood at VND 29,701 billion, up VND 118 billion from the pre-audit report and increasing 30% compared to FY2024. The debt-to-total-assets ratio remained low at 10%, reflecting a healthy capital structure with strengthened financial scale and

September 25, 2025

COTECCONS AND ITS MOST CHALLENGING “MEGA PROJECT”: BUILDING TRUST

22/09/2025

At the Shareholders’ Day event on September 20, 2025, Coteccons’ Chairman – Mr. Bolat Duisenov delivered candid insights on the company’s strategy and long-term vision, beginning with three keywords that he believes will shape not only the construction sector but also the trajectory of Vietnam’s economy in the decades ahead. On September 20, 2025, Coteccons held its Annual Shareholders’ Day at the construction site of the APEC Convention Center project in Phu Quoc. Opening the dialogue, Chairman Bolat Duisenov outlined an ambitious 20-year vision for Coteccons, aligned with the country’s development, beginning with the keyword Urbanization. He highlighted that with Vietnam’s current urbanization rate at 40%, the nation stands at a similar stage to where China was two decades ago. This not only signals vast growth potential but also presents significant opportunities for the construction industry to shape an integrated infrastructure ecosystem — spanning roads, bridges, airports, hospitals, and schools. Continuing on the growth trajectory, Mr. Bolat emphasized the theme of Industrialization. Vietnam is emerging as a regional “industrial hub,” attracting over 60% of total FDI into manufacturing and high-tech sectors. With advantages in a young and skilled workforce, strategic geographic location, and strong government support, well-prepared and capable construction companies are positioned to seize this golden opportunity. The final cornerstone of the strategic vision is Globalization. As Vietnam’s position on the international stage continues to strengthen, Coteccons is boldly venturing into the vast ocean. With projects already executed and underway in Laos, Cambodia, Myanmar, India, and Taiwan, and

September 22, 2025

Sustainable Construction – Coteccons Shares Its Vision at Archify Live 2025

25/08/2025

On August 22, 2025, at the Archify Live conference organized by Hubexo with the theme “Eco-Friendly Architecture – Building a Sustainable Future”, Mr. Dương Trọng Nghĩa, Project Director of Coteccons, participated in a panel discussion alongside other industry experts and shared his perspectives on the rising trend of green buildings and the journey of Vietnamese contractors expanding into international markets. Balancing Quality and Cost – Coteccons’ Perspective Mr. Nghĩa noted that the tension between cost and quality in construction isn’t solely driven by clients—intense competition among contractors, especially in the real estate market downturn post-COVID-19, plays a major role. He emphasized: “Clients cannot push prices down if contractors themselves do not engage in fierce competition, creating a ‘red ocean’.” Coteccons opts instead to optimize through smart strategies—financial management, centralized procurement, and value engineering—to deliver real value rather than resorting to price undercutting. Green Buildings – An Inevitable Trend Regarding sustainability, Coteccons’ representative shared that nearly all their FDI-led projects now conform to green building standards (LEED, Lotus, GreenMark, EDGE). Locally, 20–30% of Vietnamese clients are aiming for green certification. Mr. Nghĩa remarked that while green buildings used to cost 10–20% more, today the premium is minimal thanks to the widespread availability of green materials and solutions. Crucially, contractors and architects must recognize their responsibility to reduce emissions and contribute to sustainable development. In practice, Coteccons has already implemented multiple green initiatives such as using solar power or LED lights for temporary site lighting, managing dust with rainwater, installing washing

August 25, 2025