INVESTOR RELATIONS

In April 2024, Bach Hoa Xanh Technology and Investment Joint Stock Company (“BHX Investment Company”) – a subsidiary of Mobile World Investment Corporation MWG completed the transaction to offer ordinary shares to a potential investor by way of a private placement.

The offering is 5% (five percent) of the total shares of BHX Investment Company. With the positive business results and the cashflow situation, especially the target of bringing net profits after tax at the company-wide level from 2024 of Bach Hoa Xanh chain, BHX Investment Company does not need to offer the maximum of 20% (twenty percent) of the total shares as per the initial plan.

The purpose of this fundraising is to finance the general business operations and development plan of BHX Investment Company and its subsidiary, Bach Hoa Xanh Trading Joint Stock Company (“Bach Hoa Xanh”).

In the course of the transaction process, JP Morgan acted as financial advisor to BHX Investment Company, multiple potential investors (including reputable financial and strategic investors) were invited to engage in, sought out and received information, participated in a competitive bidding process, met with management and owner representatives, conducted due diligence and negotiated for the purchase of shares. BHX Investment Company as the Transferor has selected the Transferee based on the following criteria:

(i) A reputable investor who is willing to make a minority investment;

(ii) willing to purchase new common shares (primary shares) through a straight equity transaction with an uncomplicated structure;

(iii) willing to offer a valuation that reflects the positive changes in Bach Hoa Xanh’s business results and the long-term potential of BHX Investment Company;

(iv) willing to support the management in fulfilling long-term development plans without direct involvement or participation in the Company’s operational activities, and does not manage or control BHX Investment Company and its subsidiaries in any way.