Phat Dat Real Estate Development : Interim separate financial statements 2Q2022

Phat Dat Real Estate Development Corporation

Interim Separate Financial Statements for Quarter II-2022

30th June 2022

Phat Dat Real Estate Development Corporation

CONTENTS
	Pages
General information	1 - 2
Report of the Board of Management	3
Interim separate balance sheet	4 - 5
Interim separate income statement	6
Interim separate cash flow statement	7 - 8
Notes to the interim separate financial statements	9 - 36

[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.]

Phat Dat Real Estate Development Corporation

GENERAL INFORMATION

THE COMPANY

Phat Dat Real Estate Development Corporation ("the Company") fomerly known as Phat Dat Housing Construction and Trading Joint Stock Company, is a shareholding company incorporated under the Law on Enterprises of Vietnam pursuant to the Business Registration Certificate ("BRC") No. 4103002655 issued by the Department of Planning and Investment of Ho Chi Minh City on 13th September 2021 with amendments as follows:

BRC amendments:	Date:
4103002655
1st amendment	11th December 2004
2nd amendment	16th November 2005
3rd amendment	11th July 2006
4th amendment	19th December 2006
5th amendment	23rd April 2007
6th amendment	24th May 2007
7th amendment	29th November 2007
8th amendment	23rd January 2008
9th amendment	29th February 2008
10th amendment	29th June 2009
0303493756
11th amendment	27th August 2009
12th amendment	04th December 2009
13th amendment	04th May 2010
14th amendment	13th September 2010
15th amendment	22nd October 2010
16th amendment	03rd November 2010
17th amendment	28th January 2011
18th amendment	11th August 2011
19th amendment	22nd September 2011
20th amendment	16th May 2012
21st amendment	15th August 2012
22nd amendment	04th September 2015
23rd amendment	01st October 2015
24th amendment	07th June 2017
25th amendment	05th June 2018
26th amendment	14th May 2019
27th amendment	07th May 2020
28th amendment	03rd July 2020
29th amendment	20th November 2020
30th amendment	20th April 2021
31st amendment	17th May 2021
32nd amendment	6th December 2021
33rd amendment	13th May 2022
34th amendment	31st May 2022

The Company's shares were listed on the Ho Chi Minh Stock Exchange ("HOSE") in accordance with the License No. 1207/SGDHCM-NY issued by the HOSE on 9th July 2010.

The current principal business activities of the Company are to construct and trade residential properties, to undertake the civil, industrial, and infrastructure construction projects, to provide real estate brokerage and valuation services, real estate trading center and management.

The Company's registered head office is located at Floors 8 and 9, Tower B, Viettel Complex Building, 285 Cach Mang Thang Tam, Ward 12, District 10, Ho Chi Minh City, Vietnam.

[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.]

1

Phat Dat Real Estate Development Corporation

GENERAL INFORMATION

BOARD OF DIRECTORS

Members of the Board of Directors during the period and at the date of this report are:

Mr. Nguyen Van Dat	Chairman
Ms. Tran Thi Huong	Vice Chairwoman
Mr. Nguyen Tan Danh	Vice Chairman
Mr. Bui Quang Anh Vu	Member
Mr. Le Quang Phuc	Member
Mr. Doan Viet Dai Tu	Member
Mr. Khuong Van Muoi	Independent member
Mr. Tran Trong Gia Vinh	Independent member
Mr. Le Minh Dung	Independent member	Resigned from 11th July 2022

AUDIT COMMITTEE

Members of the Audit Committee during the period and at the date of this report are:

Mr. Tran Trong Gia Vinh	Head of the Audit Committee
Ms. Tran Thi Huong	Member
Mr. Le Quang Phuc	Member

THE BOARD OF MANAGEMENT

Members of the Board of Management during the period and at the date of this report are:

Mr. Bui Quang Anh Vu	Chief Executive Officer
Mr. Nguyen Dinh Tri	Vice President
Mr. Duong Hong Cam	Vice President
Mr. Truong Ngoc Dung	Vice President	Appointed on 8th April 2022
Mr. Nguyen Khac Sinh	Vice President	Appointed on 25th June 2022
Mr. Nguyen Thanh Thao	Vice President	Resigned on 28th January 2022

LEGAL REPRESENTATIVES

The legal representatives of the Company during the period and at the date of this report are:

Mr. Nguyen Van Dat	Chairman of the BOD
Mr. Bui Quang Anh Vu	Chief Executive Officer

AUDITORS

The auditor of the Company is Ernst & Young Vietnam Limited.

[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.]

2

Phat Dat Real Estate Development Corporation

REPORT OF THE BOARD OF MANAGEMENT

The Board of Management ("BOM") of Phat Dat Real Estate Development Corporation ("the Company") is pleased to present the interim separate financial statements of the Company for Quarter II-2022 ended 30th June 2022.

BOM'S RESPONSBILITIES IN RESPECT OF THE INTERIM SEPARATE FINANCIAL STATEMENTS

The BOM is responsible for the interim separate financial statements of the Company of each accounting period which give a true and fair view of the interim separate financial position during the period, and of the interim separate results of its operation and the interim separate cash flows of the Company for the period. In preparing these interim separate financial statements for the period, the BOM is required to:

• Select suitable accounting policies and then apply them consistently;
• Make judgements and estimates that are reasonable and prudent;
• State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the interim separate financial statements; and
• Prepare the interim separate financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue its business.

The BOM is responsible for ensuring that proper accounting records are kept which disclose, with reasonable accuracy at any time, the interim separate financial position of the Company and to ensure that the accounting records comply with the applied accounting system. The BOM is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The BOM confirmed that it has complied with the above requirements in preparing the accompanying interim separate financial statements for Quarter II-2022.

STATEMENT BY THE BOARD OF MANAGEMENT

The Board of Management does hereby state that, in its opinion, the accompanying interim separate financial statements for Quarter II-2022 give a true and fair view of the interim separate financial position for Quarter II-2022 of the Company as at 30th June 2022, and of the interim separate results of its operations for Quarter II-2022 and its interim separate cash flows for the period then ended in accordance with Vietnamese Accounting Standards, Vietnamese Enterprise Accounting System and the relevant statutory requirements.

The Company has subsidiaries as disclosed in Note No. 15 of the interim separate financial statements. The Company also prepared consolidated financial statements of the Company and its subsidiaries ("the Group") for Quarter II-2022 ended 30th June 2022 to meet the prevailing requirements in relation to the disclosure of information.

Users of the interim separate financial statements should read them together with the said consolidated financial statements in order to obtain full information of the consolidated financial position, consolidated results of operations and consolidated cash flows of the Group.

For and on behalf of the Board of Management

(Signed and stamped)

Bui Quang Anh Vu

Chief Executive Officer

20th July 2022

[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.]

3