INVESTOR RELATIONS

Dear customers, partners, and news agencies,

Regarding the article in Tuoi Tre newspaper published on September 21st, 2022, we would like to inform the following information:

First of all, we apologize to the customers of Bach Hoa Xanh. Our principle is to fully comply with regulations on the origin of goods and ensure supply chain transparency with customers. Through this incident, we acknowledge the responsibility and the necessity to control the source and quality of goods more strictly.

Bach Hoa Xanh immediately recalled and stopped selling all products from Dong A supplier. At the same time, we have requested Dong A to provide information and clarify the quality, origin of products, and supply process. Dong A only provides mushrooms to BHX, not other goods. We signed a supply contract with Dong A on June 8th, 2022. Dong A supplies 3% of the total mushroom volume of the chain.

Bach Hoa Xanh will strictly review all other suppliers to control the supplied goods.

For any supplier, the most critical standards that Bach Hoa Xanh requires are quality, hygiene, and safety of goods. In addition, imported goods must comply with the regulations of the State of Vietnam, ensure the correct origin of goods and quality standards registered with the inspection agency, and no delivery of counterfeit goods smuggled goods, or change in the source of products. Bach Hoa Xanh maintains a zero-tolerance policy for supplier violations.

Sincerely.