PHAT DAT REAL ESTATE

DEVELOPMENT CORPORATION

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No.: 23/2023/PD-TC

"Re: Explanation of 4Q2022 income statement

  • Interim Consolidated Financial Statements"

SOCIALIST REPUBLIC OF VIETNAM

Independence - Freedom - Happiness

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HCMC, 19th January 2023

To: - THE STATE SECURITIES COMMISSION,

- HO CHI MINH STOCK EXCHANGE (HOSE).

On 19th January 2023, Phat Dat Real Estate Development Corporation (Stock Code: PDR) published its interim Consolidated Financial Statements for the Fourth Quarter of 2022. In these financial statements, 4Q2022's profit after tax decreased from that of 4Q2021. Details are as follows:

  • Profit after tax of 4Q2021: VND 751,468,450,785
  • Profit after tax of 4Q2022: VND (229,481,815,815) With the following explanations:
  • Due to the common difficulties of the economy, especially the real estate industry, the Company's business operations and investments were in unfavorable conditions.
  • Due to the Company restructuring its investment portfolio.

Thus, the Company's profit after tax in 4Q2022 decreased by 130.5%, or VND 980,950,266,600, compared to 4Q2021.

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 19 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 January 2023 04:33:09 UTC.