ANNUAL GENERAL MEETING OF SHAREHOLDERS 2026: STRATEGIC CONSENSUS, STEADFAST STEPS INTO A NEW DEVELOPMENT PHASE

In the context of the building materials market continuing to pose many new requirements regarding competitiveness, governance efficiency and adaptability, Viglacera Tien Son Joint Stock Company successfully organized the 2026 Annual General Meeting of Shareholders in a spirit of democracy, responsibility and high consensus. The Meeting was not only an occasion to review operational results of a year with many changes, but also an important milestone affirming the determination to innovate the operational model, restructure resources and shape the enterprise’s long-term development strategy.

The Meeting was attended by the Board of Directors, Supervisory Board, Executive Board of the Company, representatives of Viglacera Corporation – JSC together with a large number of shareholders representing voting shares. After the opening session and approval of the Meeting agenda and regulations, the Presidium chaired by Mr. Doan Hai Mau – Chairman of the Board of Directors conducted the proceedings in accordance with regulations in a spirit of openness, transparency and high consensus.

Members of the Board of Directors and Directors participating in the Presidium to jointly conduct the Meeting included: Mr. Doan Hai Mau – Chairman of the Board of Directors of the Company, Chairman of the Meeting; Mr. Le Tien Dung - Director of the Company; Mr. Dinh Quang Huy - Member of the Board of Directors; Ms. Nguyen Thi Tham - Member of the Board of Directors; Mr. Nguyen Chi Hoa – Deputy Director of the Company.

Members of the Secretariat included: Mr. Vu Quoc Tuan - Head of Planning and Investment Department; Ms. Dam Thi Hao – Deputy Head of Organization and Administration Department.

The Vote Counting Committee included: Mr. Bui Anh Dung - Head of the Committee; Mr. Nguyen Dinh Cuong - Member; Ms. Dam Ngoc Tu - Member.

At the Meeting, Mr. Le Tien Dung – Member of the Board of Directors and Director of Viglacera Tien Son Joint Stock Company presented the report on production and business results for 2025 with many positive growth indicators. Accordingly: Profit before tax in 2025 reached VND 92 billion, achieving 102% of the plan; total Company output reached 16.26 million m², achieving 98% of the plan and exceeding 2024 performance by 8%. In 2025, production was maintained at 8–9 production lines out of a total of 11 lines... Average employee income continued to improve.

Notably, 2025 also marked an important transition in the enterprise restructuring strategy when the Extraordinary General Meeting of Shareholders officially approved the merger plan of Viglacera Thang Long Joint Stock Company and Viglacera Hanoi Joint Stock Company into Viglacera Tien Son Joint Stock Company. This restructuring is expected to help the enterprise streamline its operational model, optimize resources and improve competitiveness in the new phase.

Mr. Doan Hai Mau presented the report on activities of the Board of Directors in 2025. The report showed that the Company is focusing on restructuring the operational model toward streamlining, synchronization and improving governance efficiency.

During the year, the enterprise both maintained production activities at existing production lines and developed large-format tile products at the Viglacera Eurotile Factory, while gradually implementing the restructuring scheme for the ceramic tiles group in accordance with the orientation of Viglacera Corporation – JSC.

The Board of Directors also strengthened direction, management and implementation of many key investment projects such as converting the Inkjet 800x800 production line at Viglacera Tien Son Factory, investing in a fluidized bed kiln at Viglacera My Duc Factory, fire prevention and firefighting systems at Viglacera Thai Binh Factory and additional equipment at Viglacera Eurotile Factory.

According to the assessment of the Board of Directors, the Board of Management demonstrated a proactive and flexible spirit in management amid fluctuations in the building materials, finance and real estate markets. As a result, the Company continued to maintain stable production and business operations and achieved many important targets set out.

The Meeting also heard Mr. Nguyen Quang Hai – Head of the Supervisory Board present the 2025 supervision report, assessing governance, management and compliance with financial regulations and information disclosure in accordance with current regulations.

Next, Ms. Nguyen Thi Tham – Member of the Board of Directors, on behalf of the Board of Directors, presented the proposals submitted to the 2026 Annual General Meeting of Shareholders. The contents focused on governance orientation, production and business plans, development investment and matters under the authority of the General Meeting of Shareholders.

One of the contents receiving great attention at the Meeting was the merger plan of Viglacera Ceramic Tiles Trading Joint Stock Company into Viglacera Tien Son Joint Stock Company. This content was presented by Mr. Nguyen Hong Chien – Deputy Director of the Company, including: the merger plan and merger contract between the two units. According to the orientation of the Board of Directors, this is a strategic step aimed at streamlining the organizational apparatus, synchronizing production and business activities, improving operational efficiency and maximizing the strength of the system after restructuring.

Parallel with the restructuring orientation, the Meeting also devoted much attention to the investment project for an AAC/ALC production line with a capacity of 500,000 m³/year researched for implementation by Viglacera Tien Son Joint Stock Company at Viglacera Eurotile Factory, My Xuan A Industrial Park, Ba Ria - Vung Tau province, presented by Mr. Nguyen Chi Hoa – Deputy Director of the Company. This is considered one of the green building materials development orientations suitable to the sustainable development trend of the current construction industry, while demonstrating the Company’s long-term vision in expanding its product ecosystem and adapting to the market’s green transition trend.

The discussion atmosphere at the Meeting was straightforward, open and highly constructive. Shareholders focused discussions on development strategy, investment orientation and solutions to improve operational efficiency after the merger. Consensus in awareness and action orientation continued to demonstrate shareholders’ confidence in the governance strategy of the Board of Directors and Company leadership.

The Meeting conducted the election of members of the Board of Directors for the 2023–2027 term in accordance with regulations and democratic, transparent principles. Representing the Vote Counting Committee, Mr. Bui Anh Dung announced the election results of the Board of Directors members for the 2023–2027 term before the high consensus of shareholders attending the Meeting. At the same time, all contents under the authority of the General Meeting of Shareholders were approved with a high consensus ratio, successfully concluding the 2026 Annual General Meeting of Shareholders.

Accordingly, Mr. Mai Xuan Duc ceased to be the representative of Viglacera Corporation’s capital contribution at Viglacera Tien Son Joint Stock Company; Mr. Ngo Hai Long – Deputy Director of the Centralized Procurement Department of Viglacera Corporation became the representative of the Corporation’s capital contribution and was elected as a member of the Board of Directors of Viglacera Tien Son Joint Stock Company for the 2023–2027 term.

Concluding the program, Mr. Vu Quoc Tuan – Head of the Secretariat, on behalf of the Secretariat, presented the draft Minutes and Resolution of the 2026 Annual General Meeting of Shareholders of Viglacera Tien Son Joint Stock Company.

All contents of the program were approved by the Meeting with a high consensus ratio. The success of the 2026 Annual General Meeting of Shareholders continues to affirm the companionship of shareholders with Viglacera Tien Son Joint Stock Company, while opening a new development phase oriented toward innovation, restructuring and sustainable growth.