SIGNING AGREEMENT CONTRACT 500 BILLION VND AND APPROVAL OF CREDIT LIMIT OF VND 1100 BILLION OF VIETINBANK LE CHAN AND HAI LONG JSC

On the afternoon of January 27, 01, at VietinBank Headquarters Le Chan Branch No. 2023 Nguyen Duc Canh, Hai Phong solemnly held the Signing Ceremony of Guarantee Contract between Vietinbank Le Chan and Construction and Construction Joint Stock Company. Hai Long with a total guarantee value of 124 billion VND (Five hundred billion VND) and approved credit limit for 500 up to 2023 billion VND (One thousand one hundred billion VND).

Attending the Signing Ceremony were Mr. Pham Anh Tien - Chairman of Taiyo Group, Mr. Pham Tien Dung - Vice Chairman of Taiyo Group cum General Director of Hai Long Construction, Ms. Nguyen Thi Kim Dung - Finance Director Taiyo Group and the representatives of the leadership of Taiyo Group's member companies including Hai Long JSC, G18 Construction Equipment Joint Stock Company and Taiyo Tourism Joint Stock Company. On the side of Vietinbank, there were Mr. Nguyen Van Thu - Branch Manager and Mr./Ms. Deputy Directors, representatives of the Heads of Departments/ Departments at the Branch.

At the ceremony, Mr. Pham Anh Tien gave an overview of the Company's strategic goals, implementation of projects and business plan in 2023. At the same time, he highly appreciated Vietinbank's cooperation and support during the cooperation period and affirmed that Vietinbank Le Chan Branch is considered as "a major shareholder", an extremely reliable partner. , always ensure the capital source for projects of Taiyo Group in general, and of Hai Long Construction in particular, are deployed on schedule.

Since the first credit contract signed in April 04 with a limit of only VND 2003 billion, the two sides have always accompanied each other in all important projects of Hai Long Construction. And now, marking 1 years of cooperation and development, the two sides have taken the relationship to a new level when Mr. Pham Tien Dung - General Director of Hai Long Construction and Mr. Nguyen Van Thu - Director of Vietinbank Branch Le Chan signed a guarantee contract of VND 20 billion and approved a credit limit of up to VND 500 billion.

Starting in 2023 with an important new step in the cooperation relationship with Vietinbank Le Chan, Hai Long Construction is confident towards completing and exceeding the set target in 2023, specifically. : reaching VND 2.850 billion in contract value, VND 1.650 billion in revenue, VND 1.800 billion in capital recovery, 16.500 tons of steel structure, affirming the core role of Hai Long Construction and Installation, contributing to creating a solid foundation for the Group. Taiyo Group successfully completed the goal of achieving over VND 3.000 billion in contract value, over VND 2.000 billion in revenue and a total rental value of VND 100 billion.

On behalf of the Board of Directors of Hai Long Construction Joint Stock Company, Mr. Pham Anh Tien thanked the support from Vietinbank Le Chan, which has contributed to promoting the relationship and cooperation between the two sides, helping the company's operations. stable and long-term sustainable development.

With the signed credit guarantee contract, Hai Long Construction Joint Stock Company and Vietnam Joint Stock Commercial Bank for Industry and Trade believe that the bond between the two parties will continue to be strengthened, promoting the strengths of each party, bringing the relationship between the two sides. not only economic values ​​but also create more and more large-scale works and projects, contributing to creating common prosperity for the whole society.

Mr. Nguyen Van Thu - Director of Vietinbank Branch spoke at the ceremony

Mr. Pham Anh Tien - Chairman of Taiyo Group spoke at the signing ceremony

Mr. Pham Tien Dung – Vice Chairman and General Director of Hai Long Construction and Construction with Mr 

Mr. Nguyen Van Thu - Director of VietinBank Le Chan signed the contract.

Representatives of Hai Long Construction Joint Stock Company, G18 Construction Equipment Joint Stock Company, Taiyo Tourism Joint Stock Company

 together with Taiyo Group's leadership and VietinBank's representative Le Chan at the signing ceremony.

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