INVESTOR RELATIONS

On October 18, 2023, CAS Energy Company Limited and Mobile World Investment Corporation (MWG) signed a Memorandum of Understanding (MOU) to collaborate on implementing green energy and circular economy projects. The collaboration involves the installation of rooftop solar energy systems combined with organic waste collection and recycling activities. Specifically, CAS Energy will collect organic waste at Bach Hoa XANH stores and process it into organic nutrients for agriculture. Initially, the project will be implemented at 50 Bach Hoa XANH stores in Thu Duc City, Ho Chi Minh City, and is expected to expand across the entire chain, covering more than 1700 Bach Hoa XANH stores in the future.

This collaborative project aims to reduce carbon emissions within the Bach Hoa XANH store chain, enabling both companies to gradually achieve sustainable development goals. It serves as evidence of the strong commitment and seriousness of Mobile World Investment Corporation, a leading retail company, in promoting green growth and contributing to Vietnam's 2050 Net-Zero goal (reducing greenhouse gas emissions close to zero).

The signing ceremony was attended by key figures such as Mr. Nguyen Hong Quan, Director of the Institute for Circular Economy Research and Development, Mr. Tran Nhat Minh, Director of the Research Institute for Development Communication (RED), Mr. Dinh Thanh Minh, and Mr. Nguyen Sy Dong Hai, representatives of the USAID Urban Energy Security Project in Vietnam. These entities are strategic partners of CAS Energy in the renewable energy sector, organic waste management, and the implementation of circular economy projects.

Speaking about the project, Mr. Pham Van Trong, CEO of Bach Hoa XANH Trading Joint Stock Company, stated: "The environment holds significant importance in our lives and for future generations. As a leading retailer, we are pioneers in activities aimed at sustainable development, circular economy, and consider this our goal and responsibility, aligned with our business development and active contribution to the community."

At the signing ceremony, Mr. Doan Trung Hieu, CEO of TANTAM Joint Stock Company and Head of the Renewable Energy Project at MWG, shared MWG's strong commitments: "MWG continuously strives to improve its operations to actively contribute to the environment, especially through the transition to renewable energy usage. We believe that this project will positively contribute to a greener environment in Vietnam."

Further elaborating on this project, Mr. Nguyen Hong Quan, Director of the Institute for Circular Economy Research and Development, representing CAS Energy's strategic partner, stated: "This collaborative project on green economy and circular economy implementation is a significant step toward promoting sustainable development and minimizing negative environmental impacts for both businesses and Vietnam. We hope this project will enhance awareness and action among the business community and citizens regarding the environment, renewable energy, efficient waste management, and resource utilization. The project also aims to create new business models, bringing economic, social, and environmental benefits to all stakeholders involved."