GELEX gives information about false rumors in the past time

Dear Investors,

Recently, on social networks, there have been many false rumors related to GELEX Group.

The inaccurate and misleading information seriously affects the image, brand, and reputation of the Group; the psychology of investors and customers as well as infringing on the interests of shareholders of GELEX Group Joint Stock Company.

During its operation, GELEX always appreciates great importance of the principle of taking the law as the center. As a public company with a large scale, the Group has promptly and fully disclosed all official information about the group in accordance with regulations.

Giving information about false rumors about GELEX is considered an act with signs of slander, manipulating the market, and causing manipulation and insecurity in the market. We vehemently oppose these acts. The origin and purpose of these false rumors need to be investigated and clarified in order to protect the legitimate rights and interests of GELEX Group in general and shareholders as well as investors in particular.

We strongly desire and recommend that investors be cautious against false rumors and have a full, objective, and accurate assessment of business operations. The official information will be provided fully at the official website of GELEX Group at gelex.vn.

Dear Investors,

During more than 30 years of establishment and development, GELEX is currently known as one of the leading Investment Groups, operating in two core segments of industrial production (mainly electrical equipment) and infrastructure, with prestigious brands such as CADIVI power cables, THIBIDI transformers, EMIC electrical measuring equipment, HEM motors, Viglacera, Clean water of Da River…

At the end of 2022, despite being affected by macroeconomic fluctuations, GELEX’s consolidated net revenue still reached VND 32,090 billion, an increase of 12%; GELEX’s gross profit in 2022 reached VND 6,458 billion, an increase of 48% over the same period in 2021; Profit before tax for the whole year of 2022 reached VND 2,093 billion, an increase of 2% compared to 2021.

In 2023, GELEX Group will continue to focus on corporate governance, maximizing the efficiency of the value chain of the core business segments of industrial production and infrastructure. At the same time, ready to accept potential M&A opportunities to bring growth in scale, increase competitive advantage, develop sustainably, and serve long-term strategy in the future.

GELEX Group would like to sincerely appreciate your companionship and support!