Coteccons received the Achievement Award to honor the members of Vietnam Stock Market

On the morning of July 20, 2020, at the Stock Exchange which is located in Ho Chi Minh City, the 20th Anniversary of the Vietnam Stock Market’s operation took place to summarize and evaluate the achievements gained during the past 20 years since the date of the operation of the stock market. , contributing significantly to the political duties and obligations of the Financial Sector. The ceremony was attended by Prime Minister-  Nguyen Xuan Phuc and the leading representatives of the Party agencies.

In addition, Coteccons (CTD) was honored to receive the Achievement Award at this event to honor VN30 members who have made many great contributions to Vietnam’s stock market. Over the past many years, the Company has always achieved over VND 20,000 billion in revenue/year and has been an exceptional construction unit that has been at the top of enterprises with profits of over VND 1,000 billion for many consecutive years. In difficult stages of the real estate market, typically in 2019, the Company still achieved a profit after tax of 710 billion VND, which is equivalent to the charter capital.

 

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HCMC, July 30, 2024 — Coteccons Construction Joint Stock Company (HOSE: CTD) has released its consolidated financial report for the fourth quarter of 2024. Key financial indicators, including revenue and profits, have shown significant growth compared to the previous year. For the fiscal year ending June 30, 2024, Coteccons achieved a revenue of 21,045 billion VND, marking a 30.8% increase compared to fiscal year 2023, achieving 118% of the company’s previous business plan target at 17,793 billion VND and 105% of the newly adjusted plan at 20,000 billion VND. Gross profit almost doubled from the prior year, reaching 712 billion VND. Profit after tax rose by 343%, amounting to 299 billion VND, achieving 109% and 104% of the old and new business plan targets, respectively. In 2024, Coteccons secured new contracts worth 22 trillion VND, providing a strong foundation for achieving next year’s production and business goals. Notably, 41 of these projects are the result of the company’s successful “repeat sales” strategy, indicating a high level of trust and satisfaction from existing clients. This strategy, along with Coteccons’ focus on construction quality and customer care, distinguishes the company in the competitive construction market. In addition to winning new projects, Coteccons has also earned the trust of new clients for projects such as Pandora Factory, Suntory PepsiCo Factory, Westlake Residential, Legend City Urban Area, Logos Yen Phong BN 2 Factory, Eaton Park Residential Area, Sembcorp Logistics Park Thuy Nguyen, and the East Da Nang apartment complex. SG&A expenses increased by

COTECCONS CONSTRUCTION JOINT STOCK COMPANY (Coteccons) hereby announces the conclusion of the dispute case No. 49/23/HCM regarding the payment obligation to BOHO DECOR COMPANY LIMITED (Boho).   In the time of 2020, Coteccons and Boho had signed and implemented Contracts in which Boho was the subcontractor for Coteccons in designing, supplying, and finishing the interior of the construction investment projects (Phase implemented by the former leadership).   On April 18, 2023, Boho sent a document requesting Coteccons to pay approximately VND 44 billion related to the transactions in the above-mentioned period. When reviewing the records and legal documents, Coteccons found that making the payment as requested by Boho would affect the rights and interests of shareholders. The reasons are: (i) The documents attached to Boho’s payment request lack a legal basis and it is impossible to determine the amount to be paid; (ii) the signed Contracts are transactions with related parties but have not been approved by competent authorities in accordance with the provisions of the Law on Enterprises and the Law on Securities; (iii) The State Securities Commission has issued a decision to impose administrative sanctions on the types of transactions with related parties that occurred during the above-mentioned period.   In the spirit of cooperation, Coteccons has repeatedly proposed to organize a meeting for the two parties to clarify Boho’s payment request and provide documents proving the payment value. However, Boho has decided to file a lawsuit at the Vietnam International Arbitration Center, Ho Chi Minh City Branch (“VIAC“).   Throughout

Hanoi, July 16, 2024, Coteccons Construction Joint Stock Company (HoSE: CTD) and Daewoo Engineering & Construction Co., Ltd. signed a memorandum of understanding on international cooperation with the aim of jointly developing potential project opportunities in the construction sector in the global market (including Vietnam).  Representative of Daewoo E&C (right) and representative of Coteccons (left) at the MOU ceremony Accordingly, Daewoo and Coteccons will cooperate in large-scale EPC (engineering, procurement, and construction) projects in Vietnam released by the public sector or government-related entities, as well as other EPC projects in the global market where Daewoo participates as the main contractor and intends to subcontract a certain part of the works.  Daewoo and Coteccons will cooperate in EPC projects globally Established in 1973, Daewoo E&C has contributed to the economic development of Korea as well as the world and is a leading enterprise in the construction industry in Korea. With passion, dedication, continuous innovation, and modern technology, Daewoo E&C has successfully invested in and developed many quality projects globally, including architectural, civil engineering, petrochemical, and power generation activities. In addition, Daewoo E&C has chosen Vietnam as a key market to expand its business, realize real estate development projects, and contribute to creating a modern and spacious urban appearance for Vietnam.  Speaking at the signing ceremony, Mr. Jung Won Ju, Chairman of the Board of Directors of Daewoo E&C, expressed: “Today’s signing ceremony is a remarkable milestone for the cooperation between Daewoo E&C and Coteccons. In the international market, we are

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