PHAT DAT REAL ESTATE

DEVELOPMENT CORPORATION

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No.: 384/2023/PD-TC

"Re: Explanation of IIIQ2023 income statement

  • Interim Separate Financial Statements"

SOCIALIST REPUBLIC OF VIETNAM

Independence - Freedom - Happiness

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HCMC, October 20, 2023

To: - THE STATE SECURITIES COMMISSION,

- HO CHI MINH STOCK EXCHANGE (HOSE).

On October 20, 2023, Phat Dat Real Estate Development Corporation (Stock Code: PDR) published its interim Separate Financial Statements for IIIQ2023. In these financial statements, IIIQ2023's profit after tax decreased from that of IIIQ2022. Details are as follows:

  • Profit after tax of IIIQ2022: VND 836,908,277,681
  • Profit after tax of IIIQ2023: VND 83,327,372,856 With the following explanations:
  • Due to the common difficulties of the economy, especially the real estate industry, the Company's business and investments in real estate projects were in unfavorable conditions.
  • Due to the Company restructuring its investment portfolio.

Thus, the Company's profit after tax in IIIQ2023 decreased by 90%, or VND 753,580,904,825, compared to IIIQ2022.

Respectfully.

Phat Dat Real Estate Development Corporation

Chief Executive Officer

Recipients:

-

As stated above;

(Signed and stamped)

-

Company archives

BUI QUANG ANH VU

[NOTICE: This document is a translation of the Vietnamese language original for convenience purposes only, and in

the event of any discrepancy, the Vietnamese language original shall prevail.]

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Phat Dat Real Estate Development Corp. published this content on 20 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2023 08:10:04 UTC.