Dear Shareholders, Investors, and Partners, On behalf of the Board of Directors and the Board of Management of GELEX Group, I extend my warmest greetings and deepest gratitude to you all.

The year 2024 was marked by unpredictable global economic fluctuations and groundbreaking technological advancements. GELEX and its member companies remained proactive and adaptable, striving relentlessly to enhance our corporate stature and value. As a result, subsidiaries such as CADIVI, EMIC, and the Real Estate Division of VIGLACERA delivered impressive business results, contributing to the Group’s outstanding achievements. Our consolidated net revenue and profit before tax reached VND 33,752 billion and VND 3,613 billion, exceeding the targets set at the 2024 Annual General Meeting by 4.5% and 88.1%, respectively. These figures represent the highest revenue and profit levels GELEX has achieved since its establishment.

Over the past decade, GELEX’s consolidated revenue, profit, and total assets have increased by 4 times, 6 times, and 11 times, respectively, with total assets nearing VND 54,000 billion. This growth has positioned GELEX as one of Vietnam’s largest private Companies, ranking among the Top 50 Most Profitable Companies and Top 50 Most Valuable Brands in Vietnam.

Additionally, GELEX has received an A credit rating from VIS Rating and has been recognized as “Best Companies To Work For In Asia 2024” by HR Asia. These achievements would not have been possible without the unwavering support of our employees, shareholders, and stakeholders. With this synergy, GELEX confidently moves forward into a new phase of growth with higher, further, and more valuable goals.

In 2025, GELEX will celebrate 35 years of establishment and 10 years as a publicly listed company on UPCOM. From an electrical equipment manufacturer, GELEX has undergone a comprehensive transformation to become a diversified investment Group in key economic sectors through a well-planned and effective M&A strategy, strong corporate governance, modern production management, and targeted Capex investments. Timely restructuring has optimized the efficiency of our subsidiaries and investment portfolio. This journey has been challenging yet filled with creativity and pride.

With a solid financial foundation, a diverse investment portfolio, a highly capable workforce, and a strong foundation built over 35 years, we are confident that. GELEX will continue to grow robustly and strengthen its position in Vietnam’s economy. In doing so, we will create exceptional value and benefits for our customers, employees, shareholders, and partners while sharing our success with the community. We will thrive together, contributing to the dynamic and evolving economy of Vietnam.

With optimism about the turning point and the promising outlook of the country in the new era, GELEX and its subsidiaries, in partnership with leading global partners and consultants, will define the strategic vision, mission, core values, and development strategy toward 2030 as a guiding framework for action. The goal is to become a leading investment Group in Vietnam, a symbol of Growth – Efficiency –Sustainability.

To achieve these shared aspirations, GELEX will make significant investments in developing high-quality human capital and talent, advancing science, technology, and innovation. We will govern based on a foundation of a healthy and transparent corporate culture; strengthen internal capabilities and

technology infrastructure; proactively apply selective new technologies, digital initiatives, digital transformation, and leverage data from the AI revolution. Additionally, GELEX will strategically allocate resources, manage major investments professionally and effectively, and focus on key projects in industrial park infrastructure, digital infrastructure, and telecommunications, as well as other sectors with a positive impact on society and the community.

Our strategic partnerships ecosystem, both domestic and international, will continue to expand across electrical equipment, digital infrastructure, and telecommunications, enabling us to integrate into the global value chain. We will upgrade product and service segments with higher added value, adopt advanced technologies from international partners, and strengthen our export capabilities.

Finally, I would like to express my hear tfelt appreciation to our shareholders, investors, partners, and customers for your unwavering support, trust, and collaboration. Together, we will build a prosperous and sustainable future.

Sincerely,

Chairman of the Board of Directors

NGUYEN TRONG HIEN