• The timing of revenue and profit recognition is anticipated to be in H2 2022, but this is highly dependent on the Paragon Dai Phuoc and Can Tho projects' legal completion.
• Accumulated in the first 5 months of the year, the total pre-sale value of NLG reached VND 7,800 billion, 14% higher than the figure of VND 6,880 billion in 2021. We think that the successful legal completion of The Can Tho, Nam Long Dai Phuoc, and Hai Phong PG projects this year will have a significant impact on whether or not the planned pre-sale of VND 23,400 billion will be realized.

The timing of revenue and profit recognition is anticipated to be in H2 2022, but this is highly dependent on the Paragon Dai Phuoc and Can Tho projects' legal completion.

In 2022, NLG targets a revenue goal of VND 7,151 billion (+36 percent YoY). In which, contributions from the projects:

• Waterpoint - South Gate project will record roughly VND 2,500 billion, from the handover of valora and Ehome South Gate - phase1 products in 4Q/2022
• The remaining products of The Akari- phase 1 being handed over in 1Q and 2Q/2022 are expected to record VND 900-1,000 billion in revenue.
• The plan to launch and sell roughly 700 land plots for the Can Tho project is anticipated to generate VND 2,000 billion in revenue and VND 700 billion in profit in H2/2022. After several subdivisions have finished adjusting their construction plans in 3Q/2022.
• In addition, the business anticipates earning roughly VND 800 billion in revenue from the Paragon Dai Phuoc and Izumi-phase 1 in 4Q/2022.
• The other business segments are expected to contribute VND 850 billion in 2022.
• Transferring 50% of Paragon Dai Phuoc project, the plan will record VND 360 billion in EAT in 3Q/2022. Currently, the transfer file is in the process of updating the Enterprise Registration Certificate (ERC) from the Department of Planning and Investment.