Corporate Governance

STT	Board Member	Position
1	Mr. Nguyen Hong Tuan	Chairman (Nonexecutive member).
2	Mr. Nhu Dinh Hoa	Executive member.
3	Mr. Nguyen Quang Hung	Non-executive member.
4	Mr. Lai Van Hai	Non-executive member.
5	Mr. Bui Quang Vu	Independent member.

STT	Member	Position
1	Mr. Nguyen Xuan Hoa	Head of Supervisory Board
2	Ms. Nguyen Thi Thanh Van	Supervisor
3	Mr. Hoang Giang Binh	Supervisorn

MR. NGUYEN HONG TUAN

Chairman of the Board of Directors
(Non-executive member)

Date of appointment: June 27, 2017. Date of re-appointment: June 22, 2020.

Age: 57

Education: Bachelor of Credit Management, Bachelor of English, Bachelor of Laws, Master of Business Administration.

Experience:

Jun 2024 – Dec 2025: Chief Executive Officer of Bao Viet Insurance Corporation.

Nov 2018 – now: Chairman of BVSC’s BOD.

Mar 2022 – now: Chairman of the Board of Members of Bao Viet Insurance Corporation.

Jun 2017 – Nov 2018: Member of BVSC’s BOD.

May 2014 – Jan 2026: Vice Chairman of the BOD of Bao Viet Joint Stock Commercial Bank.

Jan 2009 – Dec 2011: Deputy CEO & Director of Transaction Office, Head of Retail Banking – Bao Viet Joint Stock Commercial Bank.

Dec 2006 – Dec 2008: Head of Project Department of Bao Viet Joint Stock Commercial Bank, Member of the Preparatory Board for the establishment of Bao Viet Joint Stock Commercial Bank.

Jan 2006 – Nov 2006: Deputy Head in charge of Investment Department of Bao Viet Holdings.

Apr 1998 – Nov 2005: Deputy Head of the Capital Investment Department, Vice Director of Investment Center of Bao Viet Holdings.

Dec 1994 – Apr 1998: Officer of the Capital Investment Department of Vietnam Insurance Corporation (now Bao Viet Holdings).

Current positions at other companies:

Member of the Members’ Council of Bao Viet Insurance Corporation.

SALARY, BONUS, AND REMUNERATION IMPLEMENTED IN 2025

For the Board of Directors and the Supervisory Board

Remuneration for the Board of Directors and the Supervisory Board: Implemented according to Article 6 of Resolution 01/2025/NQ-DHDCD approved by the AGM. Details are as follows:

No.	Title	Remuneration
1	BOD’s Chairman	VND 10,000,000/person/month
2	BOD’s members	VND 8,000,000/person/month
3	Head of Supervisory Board	VND 8,000,000/person/month
4	Supervisors	VND 6,000,000/person/month

(*) Starting December 11, 2025, the Chairman of the Board changed to a specialized, full-time role. Accordingly, the salary, bonuses, allowances, and benefits for the full-time BOD Chairman are implemented in accordance with the BOD’s Resolution 48/2025/NQ-HDQT dated December 23, 2025, regarding the Working status and Policy regime applicable to the Chairman; she/he shall not be entitled to the standard remuneration scheme.

Total remuneration for the Board of Directors and Supervisory Board: VND 819,420,303.

For the Board of Management

Total salary of the Board of Management in 2025: VND 1,985,477,953

THE THREE LINES MODEL

BVSC adopts the Three Lines Model in governance and risk management, clearly defining the roles of the Board of Directors and each control line to ensure consistent implementation throughout the Company. BVSC manages risks based on balance and reasonableness, not only for prevention and mitigation but also to integrate risk management into decision-making and operations. Departments collaborate closely to ensure the transparency and reliability of information, supporting risk-based management and decision-making.

1

The first line comprises

Functional departments and business units directly involved in providing products and services to customers, as well as supporting functions such as human resources, administration, and information technology. This line is directly responsible for executing business operations and delivering products and services. Simultaneously, the first line identifies, assesses, controls, reports, and monitors risks arising during operations, while proactively conducting self-assessments and monitoring the effectiveness of internal controls within the unit.

2

The second line

Focuses on risk management and compliance functions, emphasizing legal compliance, professional ethics, IT security, sustainability, and operational quality. This line is responsible for establishing the risk management framework, issuing policies, and providing independent monitoring, advisory, and challenge to the activities of the first line.

3

The third line

Is the Internal Audit function, which provides independent and objective assurance and consulting services regarding the adequacy and effectiveness of corporate governance, risk management, and internal control. Internal Audit reports directly to the Audit Committee and the Board of Directors, thereby contributing to continuous improvement and enhancing the efficiency of the governance and internal control system throughout the Company.

***Functions and Duties

Internal Audit belongs to the third line in the risk management system, providing independent and objective assessments of the adequacy, effectiveness, and efficiency of internal control, risk management, and corporate governance within the audited units to the Audit Committee, the BOD, and the BOM of BVSC. On that basis, the Internal Audit Department recommends improvement measures to ensure the Company’s compliance with laws, the Corporate Charter, Resolutions of the General Meeting of Shareholders and the Board of Directors, as well as internal processes and regulations at BVSC, while contributing to enhancing the quality of governance and operational efficiency.

INTERNAL AUDIT PROCESS

Summary of the 4-Step Internal Audit Process at BVSC:

1

Audit planning

By January 31^st each year, the Internal Audit Department prepares and submits the annual audit plan to the Audit Committee for review before presenting it to the Board of Directors for approval. The audit plan includes: the internal audit performance results of the previous year, the department’s objectives and orientations for the coming year, risk assessment results, the scope and schedule of planned audits, as well as recommendations and other proposals (if any).

2

Audit execution

The Internal Audit Department prepares a detailed audit program and notifies the auditee of the audit objectives, scope, basis, methodology, participating personnel, and requirements for providing records and documents. On that basis, the Internal Audit Department executes audit procedures, including selecting audit samples, reviewing and reconciling documents to identify audit findings, and discussing and reaching an agreement on the findings with the auditee before concluding the audit.

3

Audit reporting

The Internal Audit Department prepares an audit report for each engagement, fully presenting the objectives, scope, results, and key findings. The report proposes appropriate recommendations and corrective measures to strengthen the internal control system, improve business processes, and enhance the adequacy, effectiveness, and efficiency of the Company’s risk management and corporate governance.

Annual Internal Audit Reporting: By January 31^st each year, the Internal Audit Department submits an internal audit report on the implementation results of the previous year’s audit plan to the Board of Directors, with copies sent concurrently to the Audit Committee and the Board of Management.

Additionally, the Internal Audit Department prepares other ad-hoc reports as requested by the Audit Committee and the Board of Directors during the year.

4

Audit follow-up

This is the final step of the internal audit process at BVSC to ensure that auditees fully implement corrective or improvement actions as recommended in the audit report. In case the auditee has not implemented these measures or fails to agree on improvement actions, the Internal Audit Department shall request a formal clarification of the reasons and report to the competent authorities for consideration and decision.

MARKET RISK

At BVSC, market risk primarily arises from stock price volatility and interest rate risk.

Stock price volatility risk

When making investment decisions, in addition to strictly adhering to the investment risk limits approved by the Board of Directors, the Company focuses on conducting comprehensive analyses of factors that may impact the investment portfolio. Factors considered include macroeconomic conditions, external influences such as geopolitical fluctuations and market shocks, as well as the fundamental and technical factors of the selected stocks.

The investment portfolio after disbursement is closely and regularly monitored by BVSC through risk assessment tools such as scenario analysis and value at risk (VAR). Based on developing market scenarios with various levels of volatility, the Company assesses and quantifies potential impacts on the equity portfolio as well as business performance, thereby proactively implementing management measures and portfolio adjustments when necessary.

Interest rate risk

Interest rate risk impacts both BVSC’s interest-earning assets and cost of capital, encompassing activities such as term deposits, bond investments, and margin lending.

For the bond portfolio, interest rate risk remains low as investments are primarily held to maturity. Regarding term deposits, the Company proactively monitors market trends to select appropriate tenors and interest rates, optimizing investment efficiency. For margin lending activities, the Company maintained stable lending rates throughout 2025; therefore, no significant impacts from interest rate fluctuations have occurred.

Regarding sources of capital, interest rate risk arises when an increase in the cost of funds may impact profit margins; the Company manages this by monitoring the market and adjusting the capital structure accordingly.

In 2025, the Company did not record any interest rate risk events that significantly impacted business plans or investment efficiency.

CREDIT RISK

At BVSC, credit risk may lead to potential losses in term deposit investment, bond investment, and margin trading. To prevent and control credit risk, BVSC has implemented risk management measures for each activity where such risk may arise. Specifically:

For term deposit investment activities

BVSC complies with the annual deposit limit approved by the Board of Directors. In addition, BVSC has also selected partner banks with good credit ratings according to the rating assessment of Bao Viet Holdings. BVSC has always actively and regularly assessed and analyzed the bank and market situation, the balance between risks and efficiency, to ensure capital adequacy before signing deposit investment contracts.

For bond investment activities

For both Government bonds and corporate bonds, BVSC implements risk management on the principle of complying with investment limits approved by the Board of Directors. Each investment decision is made after a careful and thorough assessment of the issuer’s creditworthiness and solvency. For corporate bonds, BVSC prioritizes investments secured by collateral and has put in place a specific policy on managing and handling collateral in case of the issuer’s credit risk.

For margin trading services

The Company shall continue to maintain governance measures whose effectiveness has been verified after a long period of application. Those are:

Issue the annual risk limits, which stipulate indicators related to margin trading: the total margin loan balance, the maximum limit per customer, the total disbursement value per stock ticker, and the ratio of marginable securities to the total listed securities of an issuer. The Risk Management Department closely supervises to ensure strict compliance with the issued risk limits.
Assess creditworthiness and rate customers to grant margin limits consistent with their financial capacity and collateral assets. Periodically review accounts showing signs of accumulating risk, which are accounts with a large margin loan value and collateral assets concentrated in one or a few stock tickers.
Select the list of securities eligible for margin loans in compliance with Decision 87/2017/QDUBCK dated January 25, 2017, of the State Securities Commission on margin trading, and the list of marginable securities based on notices from the Stock Exchanges. Periodically review the list of securities eligible for margin loans based on criteria such as liquidity, stock price volatility, business activities, and the financial situation of the issuers.
Regularly update market developments to early identify risk signs and take measures to deal with stocks showing signs of price devaluation and illiquidity, or stocks excluded from the list of marginable securities by the two Stock Exchanges.
Set up a set of safe margin ratios to monitor and conduct margin calls to early warn customers about their loan status and handle collateral to preserve capital for the Company during the margin lending process.

OPERATIONAL RISK

At BVSC, operational risk is assessed at a low level and is managed under 04 types of risks, including reporting and financial control risk; human resources risk; process/procedural risk; and information technology system risk.

Reporting and financial control risk

This risk arises from inaccurate financial reporting or delays in submitting reports to the Company’s Management, State management agencies, or delays in public information disclosure. As a listed company, BVSC is responsible for publishing financial statements on time in accordance with legal regulations, ensuring that the information provided is accurate and transparent.

In addition to selecting one of the top four leading and reputable audit firms in Vietnam as the Company’s independent audit firm, the Company also sets regulations on the reporting timeline, organizes internal audits and inspections of financial and accounting work to ensure compliance with laws, internal regulations, as well as financial-accounting standards and regimes. Furthermore, the Company has promoted the application of information technology, effectively utilizing the core securities software system and accounting software to generate reports, minimizing manual errors and ensuring the timeliness of information.

Human resources risk

This risk is well controlled by BVSC because the Company, with its long history of operation, has built a synchronized human resource management system from recruitment, training, and coaching to quality control and performance assessment. In addition, the Company has developed and issued a Code of Professional Ethics in compliance with the standards of the model Code of Professional Ethics issued by the Vietnam Association of Securities Business. For BVSC’s employees, in addition to meeting high requirements for professional expertise and working skills, compliance with professional ethics is always highly valued and considered a top priority.

Process/procedural risk

Process/procedural risk is one of the risks regularly faced by the Company during its operation. Recognizing the materiality of this risk, when implementing any new activity, BVSC always issues specific and detailed operational processes and instructions, while building technology support systems and organizing personnel training to ensure operations comply with the issued processes.

In parallel with the operations of the business divisions, the Internal Audit Department cooperates with the Internal Control Department to periodically conduct compliance control reviews to ensure the suitability and effectiveness of processes compared to actual practice, thereby reviewing, perfecting, and improving processes to contribute to increasing efficiency in the operational process.

Information technology system risk

Technology system risk is one of the significant risks that securities companies in general face. BVSC periodically conducts assessments of events that have occurred or are likely to occur to identify potential risks, thereby developing appropriate management plans.

In IT system operations, the Company prioritizes infrastructure investment to ensure system continuity and stability. Servers and databases are hosted at international-standard data centers, with redundancy, backup, and recovery mechanisms implemented based on RTO and RPO control indicators to minimize service disruptions.

In response to the increasing trend of cybersecurity threats, BVSC has implemented a multi-layered security model, including firewalls, DDoS protection, and a 24/7 Security Operations Center (SOC). Additionally, the Company conducts periodic security assessments, vulnerability reviews, and information security awareness training for its personnel. In parallel, BVSC establishes and operates IT governance processes, such as access management, change management, operational control, and data backup-recovery, to ensure the confidentiality, integrity, and availability of its information systems.

In the context of digital transformation, BVSC is modernizing its systems by enhancing integration, improving data processing capabilities, and optimizing customer experience, while maintaining strict control over risks arising from system expansion and technology dependency. Additionally, the Company is implementing Artificial Intelligence (AI) in data analytics and process automation on a cautious and controlled basis to mitigate risks related to data quality, model bias, and information security.

To enhance information security management capabilities, BVSC is progressively implementing an Information Security Management System in accordance with ISO/IEC 27001 standards, aiming to standardize processes, strengthen controls, and meet compliance requirements.

***ASSESSMENT ACCORDING TO THE 2026 VIETNAM CORPORATE GOVERNANCE CODE AND THE ASEAN CORPORATE GOVERNANCE SCORECARD

BVSC identifies corporate governance as a key pillar to enhance operating efficiency, strengthen transparency, and ensure sustainable, long-term development. This also serves as a vital foundation for building trust and optimally protecting the interests of shareholders and stakeholders. With that orientation, BVSC prioritizes standardized and effective corporate governance, not only strictly complying with current regulations but also continuously refining its system according to international standards. Specifically, the Company references and applies regional and global best practices, such as the ASEAN Corporate Governance Scorecard (ACGS), the 2023 G20/OECD Principles, and the 2026 Vietnam Corporate Governance Code.

Since 2016, in pursuit of aligning with best-in-class regional governance standards, BVSC has proactively carried out self-assessments of its internal governance framework based on the criteria of the ACGS. The outcome reveals that BVSC achieved a significant level of compliance in five essential criteria groups, comprising: Shareholder Rights (complying with 19/21 Tier 1 criteria), Equitable Treatment of Shareholders (15/15), Stakeholder Role (11/13), Disclosure and Transparency (31/32), and Board of Directors’ Responsibilities (58/65).

Simultaneously, in comparison with the 2026 Vietnam Corporate Governance Code, BVSC’s governance system also showed positive outcomes as follows:

Section

1

Board of Directors’ Responsibilities: BVSC meets 22 out of 23 criteria across the five Principles of Board Responsibilities. The unmet criterion pertains to the absence of a standalone Code of Conduct designed to instill a corporate culture with appropriate ethical standards throughout the Company. Currently, regulations on behavioral standards and organizational culture development are fragmented across multiple internal documents, including the Company’s Charter, Internal Regulations on Corporate Governance, BOD’s Operating Regulations, SB’s Operating Regulations, BOM’s Operating Regulations, Code of Professional Ethics, Internal Labor Regulations, and others.

Section

2

Control Environment: BVSC meets all seven criteria of Principle 6: Establish a sound risk management and control environment.

Section

3

Disclosure and Transparency: BVSC meets all seven criteria of Principle 7: Strengthening company disclosure practices, including sustainability disclosure.

Section

4

Shareholders’ Rights: BVSC meets all five criteria of Principle 8: Establishing a framework for effective exercising of shareholders’ rights.

Section

5

Sustainability and Roles of Stakeholder Engagement: BVSC basically meets all 5 criteria of Principle 5: Sustainability and Building effective stakeholder engagement. Regarding the content “The Board should consider establishing a separate committee responsible for sustainability”, BVSC has yet to form a standalone body; instead, sustainability functions are integrated into the Corporate Governance, Nomination, and Remuneration Committee.

As part of its roadmap to enhance governance quality, since 2020, BVSC has established three specialized committees under the Board, following the guidelines and recommendations of the 2019 Vietnam Corporate Governance Code of Best Practices for public companies. This structural refinement aims to gradually align with the high standards of the ASEAN Corporate Governance Scorecard. Three specialized committees under the Board include: Corporate Governance, Nomination, and Remuneration Committee (consistent with criteria E.2.8 & E.2.13 of the ACGS and Principle 3.3 of the 2026 Vietnam Corporate Governance Code); Risk Management and Asset-Liability Committee; and Audit Committee (consistent with criteria E.2.18 of the ACGS; Principles 3.1 & 3.2 of the 2026 Vietnam Corporate Governance Code). Concurrently, the Company elected an Independent Board Member as the Audit Committee Chairman, satisfying ACGS criteria E.2.20 and E.2.22, and Principle 3.1 of the 2026 Vietnam Corporate Governance Code.

Alongside elevating oversight and executive effectiveness, BVSC remains dedicated to safeguarding the interests of all shareholders, ensuring equitable treatment for minority and international investors alike. Since 2021, the Company has conducted comprehensive reviews and amendments to its Charter and Internal Regulations on Corporate Governance, incorporating provisions that facilitate the organization of Virtual General Meetings of Shareholders. Accordingly, shareholders may participate and exercise their voting rights through electronic means, such as online voting or submitting ballots via mail, fax, or email. These measures are implemented in accordance with the recommendations under Criterion A.3.9 of the ACGS, as well as Criterion 8.2 of Principle 8 in the 2026 Vietnam Corporate Governance Code.

RISK MANAGEMENT PROCESS

The Risk Management Process at BVSC is summarized in the following steps:

1

Establishing the context

Developed to determine the basic parameters for risk management activities, and to establish the scope, criteria, and standards for risk assessment and measurement. Situations are built using various data sources, such as changes in business strategy, changes in regulatory agency policies, the implementation of a new product or service, or based on recommendations from independent audit, internal audit, internal control, or state management agencies.

2

Risk identification

The process of identifying and recording potential risks, which must clarify at least 03 primary contents: Risk Source; Risk Description; and Stakeholders/ Parties affected by the risk.

3

Risk analysis and measurement

Performed using qualitative and/or quantitative methods to assess the frequency and impact of the risk, thereby determining the risk level to serve as a basis for proposing appropriate management measures.

4

Risk treatment

Risk treatment measures include Risk Acceptance, Risk Mitigation, Risk Sharing, or Risk Avoidance. The selection of an option depends on the determined risk level, while considering the balance between implementation costs and risk control effectiveness.

Risk limit monitoring and risk reporting are carried out daily or periodically on a monthly or quarterly basis, depending on the nature of each risk type. The objective of monitoring and reporting activities is to ensure that the risk status remains within acceptable thresholds. In the event that a risk arises or approaches the warning threshold, the Risk Management Department will coordinate with professional departments or risk owners to develop an action plan aimed at bringing the risk status back to a safe threshold.

KEY RISK MANAGEMENT ORIENTATIONS FOR 2026

In 2026, the Vietnamese stock market is projected to continue facing challenges such as global geopolitical instability, exchange rate fluctuations, and inflation, along with changes in the legal environment within the financial and securities sectors, which may directly impact BVSC’s business operations. Accordingly, risk management efforts need to continue to be emphasized and implemented based on several orientations as follows:

1

Continue to implement and upgrade security solutions for the online securities trading system as well as the entire information technology infrastructure at BVSC, focusing on updating and improving work processes related to IT systems, and developing response plans for cybersecurity incidents.

2

Review and amend operational regulations and procedures to ensure alignment with new securities legal regulations. Deploy training and dissemination to departments regarding new legal provisions, as well as the Company’s new procedures, products, and services to enhance compliance and legal risk awareness, while reinforcing the risk management culture at the Company.

3

Continuously and regularly monitor and manage key risks to assess risk trends and promptly implement appropriate management measures, especially in the context where the market may experience shocks from both domestic and international factors.

4

Enhance risk management and control for new products and services from the development phase, particularly for those implemented on digital platforms, to ensure a balance between business objectives and risk management requirements. At the same time, standardize procedures and organize professional training upon the launch of new products and services to minimize risks and errors arising during operation.

5

Continue to update and expand training programs on processes, professional expertise, and professional ethical standards for newly recruited personnel in the Next Gen programs to enhance professional capacity, while developing a culture of compliance and risk management throughout the Company.

6

Implement transaction monitoring and anti-money laundering activities in accordance with the requirements of management agencies, while ensuring market transparency.

7

Implement the 2026 Risk Policy and Risk Limits as approved by the Board of Directors. Conduct monitoring and periodic reporting activities to serve the management of the Board of Management, as well as the governance activities of the Risk Management & ALCO Committee and the Board of Directors.

BVS STOCK INFORMATION AS AT DECEMBER 31, 2025

Dividend 2025:	Dividend payment of 8% on par value per share from 2024 profit after tax on November 26, 2025, according to the Resolution of the 2025 Annual General Meeting of Shareholders.
Book Value Per Share (BV):	VND 37,253
Market Price as at December 31, 2025:	VND 29,100/share
Highest Price in 2025:	VND 43,200/share
Lowest Price in 2025:	VND 26,800/share
Total Trading Volume in 2025:	160,706,032 shares
Total Trading Value in 2025:	VND 5,834,837,206,500
Average Trading Volume in 2025:	645,106 shares/day
P/B:	0.78x
P/E:	8.20x

In 2025, the Company’s share price (ticker symbol: BVS) closed at VND 29,100 on December 31, 2025, representing a 19.5% decrease compared to the closing price on December 31, 2024. Share price movements in 2025 primarily reflected market corrections and general volatility, particularly during the early stages of the second quarter; subsequently, the stock recorded a recovery in line with broader market trends during the mid-year months.

In addition, the stock’s liquidity witnessed a decline, with the average daily trading volume and value in 2025 reaching 645,106 shares and VND 23.4 billion, respectively – a decrease of 11.6% and 16.2% compared to the 2024 averages. This movement is in line with the overall trend of mid-and small-cap securities stocks.

The trading performance of BVS shares on the Stock Market (“SM”) in 2025 is illustrated in the following charts:

Chart 1

Comparative Performance: BVS Share Price and HNX Index (Jan 01 – Dec 31, 2025)

Chart 2

Daily Trading Volume of BVS Shares (Jan 01 – Dec 31, 2025)

Chart 3

Monthly trading value of foreign investors (Unit: VND billion)

Chart 4

Monthly trading volume of foreign investors

Shareholding structure by ownership percentage

Changes in Shareholders’ Equity

Changes in shareholders’ equity in 2025: None

Transaction of treasury shares in 2025: None

Other securities: None

Shareholding structure by geography

Shareholder	Quantity	Number of shares	Value (VND)	Percentage
Domestic				98.63%
Individual	4,593	27,404,506	274,045,060,000	37.94%
Institutional	27	43,842,345	438,423,450,000	60.69%
Foreign				1.37%
Individual	126	575,006	5.750.060.000	0,80%
Institutional	18	412.080	4.120.800.000	0,57%
Total	4.764	72.233.937	722.339.370.000	100%

Shareholding structure by ownership concentration

Shareholder	Number of shareholders	Number of shares	Percentage %
Shareholders holding less than 1%	4,757	20,211,744	27.98%
Shareholders holding from 1% to <5%< /td>	6	8,741,000	12.10%
Shareholders holding 5% or more	1	43,281,193	59.92%
Total	4,764	72,233,937	100.00%

Ensuring legitimate rights, interests, and equality among shareholders

As a listed securities firm and a corporate finance advisor, BVSC consistently prioritizes the lawful rights and interests of its shareholders. The Company commits to treating all shareholders equally, fairly and transparently, without distinction as to whether they are domestic or foreign, individual or institutional, large or small, executive or non-executive.

Shareholders’ rights are stipulated in Article 19 of the 14^th Amended and Supplemented Charter. Specifically, shareholders’ rights are categorized by share class, comprising the rights of ordinary shareholders, as well as holders of voting preference shares, dividend preference shares, and redeemable preference shares.

Currently, all shareholders of BVSC are ordinary shareholders. The rights of shareholders are fully and earnestly exercised by BVSC throughout 2025 through IR operations and are most clearly demonstrated in the Annual General Meeting of Shareholders (“AGM”) in 2025 and information disclosure of BVSC to investors and shareholders.

Shareholders’ right to access information

BVSC held its 2025 Annual General Meeting of Shareholders on June 24, 2025. The invitation, agenda, reports, and meeting materials were sent directly to each shareholder via registered post, email, and SMS, and published on the Company’s website 21 days before the meeting. Meeting documents were published in both English and Vietnamese to facilitate access for foreign shareholders. Simultaneous interpretation was also provided at the 2025 AGM to ensure their full comprehension of the proceedings.

The full minutes and resolutions of the AGM were publicly read out at the meeting before being put to a vote for approval. These documents were disclosed immediately after the meetin.

General meeting attendance

The 2025 Annual General Meeting of Shareholders was attended by shareholders holding 43,445,625 shares, representing 60.17% of the Company’s voting shares. All members of the Board of Directors, Supervisory Board, and Board of Management were in full attendance. To safeguard shareholder rights, the Company also invited a representative of the independent audit firm to attend the meeting and answer shareholders’ queries, if any.

Discussions and question & answer (Q&A) at the Meeting

The AGM invitation letter provided instructions for shareholders on how to contribute their comments on the agenda items before the meeting. At the meeting, shareholders directly questioned the Presidium on key topics, including the Company’s risk management in margin lending activities; market upgrade prospects; capital increase plans to meet margin lending demand and market upgrade investment; digital transformation initiatives, IT system upgrades, and human resource development, etc. All comments and questions were addressed directly by the Presidium; the details of these discussions were recorded in the Minutes of the Meeting and are archived on the Company’s website.

Voting at the General Meeting

At the 2025 Annual General Meeting of Shareholders, the attending shareholders directly voted on the proposals submitted to the Meeting with a high approval rating, specifically as follows:

The minutes and resolutions of the 2025 AGM recorded in detail each voting item, the number of votes, and the voting ratio of approval/disapproval/abstention for each item, and were presented publicly at the meeting; and were also published within 24 hours and archived on the company’s website.

Proposals	The 2025 AGM voted to approve	Approval Rate (%)
Business operations	Approval of the 2024 business results and the 2025 business plan.	100%
Reports	Approval of the Board of Directors’ 2024 Report and 2025 activity orientations.	100%
	Approval of the Supervisory Board’s Report at the 2025 Annual General Meeting of Shareholders.	99,99%
	Approval of the 2024 Audited Financial Statements.	99,99%
The profit distribution plan and remuneration to the BOD, SB, and the Company’s Secretariat	Approval of the 2024 profit distribution plan and the 2025 profit distribution target.	100%
	Approval of the 2024 remuneration for the Board of Directors, the Supervisory Board, and the Company Secretaries, and the 2025 remuneration plan.	100%

Investor Relations (IR)

The Company strictly complies with all legal regulations on information disclosure for listed companies, while regularly reviewing, amending, and updating its internal disclosure policies to align with current regulations, providing a basis for consistent and transparent implementation. Periodic and extraordinary information is disclosed promptly and in accordance with prescribed timelines. In addition to meeting regulatory requirements for bilingual disclosure of periodic reports, BVSC is gradually elevating its information disclosure standards by expanding bilingual application to most extraordinary disclosures throughout 2025. This approach enhances transparency and improves information accessibility for investors, while demonstrating the Company’s commitment to elevating corporate governance standards.

In 2025, the company was once again recognized as a listed company with excellent information disclosure practices under the IR AWARD 2025 program, jointly organized by Vietstock, VAFE Association, and FILI newspaper.

Diversifying communication channels to connect with shareholders and investors,, including a dedicated hotline, email, and the Company’s official Fanpage and Zalo accounts. In 2025, the IR Department maintained the reception, processing, and full response to inquiries and information requests from shareholders and investors in a timely and consistent manner throughout the year, including: Explanations for post-tax profit in the Q4/2025 Financial Statements; Proposals for the 2026 dividend payout in shares instead of cash to strengthen the Company’s financial resources. The Company responded to these inquiries within a maximum of 48 hours.

Proactively collaborating with media agencies and specialized economic, financial, and securities information channels to provide widespread information to investors.

Regularly publishing quarterly Investor Relations Newsletters in both Vietnamese and English to provide shareholders with comprehensive updates on business operations, BVS stock trading performance, and other highlighted activities of the Company.

Preparing Sustainable Development Reports integrated into the Annual Reports in both Vietnamese and English versions to serve foreign investors. BVSC was granted an ESG Certificate under the Synesgy evaluation system, achieving a “Medium-high” Sustainability Level, which is based on the CRIF ESG Score and regulations of the European Securities and Markets Authority – ESMA, as part of a project coordinated by the Vietnam Association of Securities Business (VASB) and CRIF.

Schedule of Regular Information Disclosure Events in 2025

Date	Content
Jan 17, 2025	Q4/2024 Financial Statements
Jan 23, 2025	Report on the list of foreign and major shareholders as of December 31, 2024
Jan 24, 2025	2024 Corporate Governance Report for listed companies
Mar 27, 2025	2024 Financial Statements and Financial Safety Ratio Report
Apr 17, 2025	2024 Annual Report
Apr 18, 2025	Q1/2025 Financial Statements
Jul 17, 2025	Q2/2025 Financial Statements
Jul 25, 2025	Report on the list of foreign and major shareholders as of June 30, 2025
Jul 30, 2025	H1/2025 Corporate Governance Report
Aug 13, 2025	2025 Semi-annual Financial Statements and Financial Safety Ratio Report
Oct 17, 2025	Q3/2025 Financial Statements

Additional Information Disclosure Schedule for 2025

Date	Content
Feb 26, 20255	BOD’s Resolution on Organizing the 2025 Annual General Meeting of Shareholders
Feb 26, 2025	Disclosure of the meeting plan and Record Date for the list of shareholders to attend the 2025 AGM
Mar 12, 2025	Disclosure of the amended Decision on approving the relocation of Phan Dang Luu Transaction Office
Mar 27, 2025	Disclosure of the Board Resolution approving contracts and transactions between BVSC and Related Parties
Apr 18, 2025	Disclosure of the meeting plan and Record Date for the list of shareholders to attend the 2025 AGM
Apr 25, 2025	Disclosure of the Decision approving the Company’s loan plan at Military Commercial Joint Stock Bank (MB)
Apr 29, 2025	Disclosure of the re-appointment of the Chief Executive Officer (CEO) of Bao Viet Securities Joint Stock Company
May 31, 2025	Disclosure of the Board Resolution approving the Agenda and Documents for the 2025 AGM
Jun 06, 2025	Disclosure of the Board Resolution approving the 2025 Business Plan
Jun 25, 2025	Disclosure of the Minutes and Resolution of the 2025 Annual General Meeting of Shareholders
Jul 14, 2025	Disclosure of the re-appointment of the Deputy Chief Executive Officer of Bao Viet Securities Joint Stock Company
Jul 24, 2025	Disclosure of the Board Resolution approving transactions between BVSC and Related Parties
Oct 31, 2025	Disclosure of the BOD’s Resolution on 2024 cash dividend payment
Oct 31, 2025	Disclosure of the Record Date for the 2024 dividend payment rights
Dec 10, 2025	Disclosure of the receipt of a resignation letter from a Member of the Board of Directors

***All information disclosed is published on the Company’s website under the Investor Relations section and through the disclosure systems of the Stock Exchanges and the State Securities Commission.

Key Directions for Investor Relations Activities in 2026

In 2026, BVSC will further enhance the professionalism of its investor relations activities with the following key initiatives:

Strictly complying with full bilingual disclosure (Vietnamese and English) in accordance with regulatory requirements, applicable to periodic, extraordinary, at-request, and other operational disclosures of the Company, thereby enhancing transparency and information accessibility for investors, particularly foreign investors.

Proactively promoting communication with shareholders and investors to meet information exchange needs: through direct interaction at the Annual General Meeting (AGM); providing full bilingual (English-Vietnamese) AGM documents; and diversifying communication channels such as the hotline, email, official Fanpage, and Zalo. These efforts further enhance information dissemination and engagement with shareholders, ensuring the maximum protection of rights and interests for shareholders and related parties.

Issuing a quarterly IR newsletter (presented in both Vietnamese and English) and maintaining proactive public outreach activities to enhance information transparency for the public...

Releasing a digital version of the Company’s Annual Report, optimized for both web and mobile platforms, featuring interactive graphics to enhance engagement and provide a seamless experience for shareholders.

For more information, please contact:

Head Office Address: Unit B, Bao Viet Tower, 8 Le Thai To Street, Hoan Kiem Ward, Hanoi, Vietnam.
Hotline: (84-24)3.928 8080 (ext.: 604)
Email: info@bvsc.com.vn
Website: www.bvsc.com.vn

MEMBERS AND STRUCTURE OF THE BOARD OF DIRECTORS

The BOD of BVSC consists of five members as follows:

NO.	Board Member	Position	Start/End Date of Membership	Reason for Dismissal/ Appointment
1	Mr. Nguyen Hong Tuan	Chairman (Nonexecutive member).	Member of the Board of Directors since Jun 27, 2017. Chairman of the Board of Directors since Nov 29, 2018.
2	Mr. Nhu Dinh Hoa	Executive member.	Member of the Board since April 03, 2010.
3	Mr. Nguyen Quang Hung	Non-executive member.	Member of the Board since June 27, 2017.
4	Mr. Lai Van Hai	Non-executive member.	Member of the Board since April 23, 2024.
5	Mr. Bui Quang Vu	Independent member.	Member of the Board since April 23, 2024.	Resignation letter submitted on Dec 09, 2025; The BOD will submit the resignation to the 2026 AGM for approval.

Further details about the Company’s Board of Directors can be found in Chapter II, Section 2, “Key Personnel – Board of Directors”.

The BOD has issued a Resolution assigning specific duties to each member for the purpose of monitoring and tracking each business segment of the Company. The details are as follows:

MR. NGUYEN HONG TUAN – Chairman of the Board of Directors

In overall charge, coordinating activities of the Board of Directors; overseeing the fields of policy and development strategy, human resources, and remuneration; in charge of financial investment and financial management; serving as Chairman of the Corporate Governance, Remuneration & Nomination Committee; supporting coordination between the Company with the Group and member units of Bao Viet Holdings; exercising the rights and duties of the full-time Chairman of the Board of Directors as prescribed by Law, the Charter, and internal documents of BVSC.

MR. NHU DINH HOA – BOD Member cum CEO

Directly and as the head, manages the Company’s daily business operations, bearing responsibility for the Company’s business results; in charge of the internal control function within the authority of the CEO; proposing business plans and business strategies of the Company to report to the Board of Directors; exercises the rights and duties of a BOD Member and CEO as prescribed by Law, the Company’s Charter, and internal documents.

MR. NGUYEN QUANG HUNG – BOD Member

In charge of monitoring the Company’s asset-liability balance; risk management; legal affairs; serving as Chairman of the Risk Management & ALCO; exercises the rights and duties of a BOD Member as prescribed by Law, the Company’s Charter, and internal documents.

MR. LAI VAN HAI – BOD Member

In charge of fixed asset investment and procurement, information technology, communication, and branding for the Company; a Member of the Corporate Governance, Remuneration & Nomination Committee; exercising the rights and duties of a BOD Member as prescribed by Law, the Company’s Charter, and internal documents.

MR. BUI QUANG VU – Independent Member

In charge of monitoring internal and independent audit functions; serving as the Chairman of the Audit Committee; exercising the rights and duties of an independent BOD member as prescribed by Law, the Company’s Charter, and internal documents.

The Board structure, comprising 4/5 non-executive members, including 01 independent member serving for the entire year; and the assignment of specific oversight areas to each member, ensures that the Board’s directives remain objective, timely, and closely aligned with the Company’s operations. This approach serves to maximize shareholders’ rights and interests and promote the Company’s sustainable development.

COMPANY SECRETARIAT

To assist the BOD, the BOD has appointed the Company Secretariat, including the following personnel:

Full Name	Qualifications and practicing certificates	Work experience at BVSC	Appointment Date
Mrs. Bui Thi Mai Hien	Bachelor of Laws. Master of Business Administration. Fund Management Practicing Certificate No. 00197/QLQ issued by the State Securities Commission of Vietnam. Certificate of Corporate Governance No. 18/QTCT 229/QD-TTNC issued by the State Securities Commission of Vietnam on 5 September 2013.	21 years working at BVSC	September 26, 2013
Mr. Vu Duy Vuong	Bachelor of Business Law. Graduate Certificate of Professional Lawyer Training No. 15814/2012/LS on 25 April 2013. Certificate of Corporate Governance No. 40/ QTCT 159/QDTTNC issued by the State Securities Commission of Vietnam on 03 June 2022.	15 years working at BVSC	September 10, 2018

Full Name

Qualifications and practicing certificates

Work experience at BVSC

Appointment Date

Mrs. Bui Thi Mai Hien

Bachelor of Laws.

Master of Business Administration.

Fund Management Practicing Certificate No. 00197/QLQ issued by the State Securities Commission of Vietnam.

Certificate of Corporate Governance No. 18/QTCT 229/QD-TTNC issued by the State Securities Commission of Vietnam on 5 September 2013.

21 years working at BVSC

September 26, 2013

Mr. Vu Duy Vuong

Bachelor of Business Law.

Graduate Certificate of Professional Lawyer Training No. 15814/2012/LS on 25 April 2013.

Certificate of Corporate Governance No. 40/ QTCT 159/QDTTNC issued by the State Securities Commission of Vietnam on 03 June 2022.

15 years working at BVSC

September 10, 2018

COMMITTEES UNDER THE BOARD OF DIRECTORS

Since 2020, to assist the Board of Directors in enhancing corporate governance effectiveness and preventing conflicts of interest, while adopting best practices and advanced standards – such as the Vietnam Corporate Governance Code of Best Practices, the latest G20/OECD Principles of Corporate Governance, and the ASEAN Corporate Governance Scorecard – the BOD of BVSC has established 03 specialized committees, specifically:

Governance, Nomination and Remuneration Committee (“GNRC”)

A dedicated committee under the BVSC Board of Directors, tasked with advising and consulting the BOD on the efficiency of the governance framework and corporate governance policies, and supervising corporate governance issues within BVSC; it assists the BOD in strategizing the development of senior management talent and the organizational model to align with corporate governance benchmarks and keep abreast of market best practices.

Composition of the Committee includes: 04 Members:

Mr. Nguyen Hong Tuan Chairman of the BOD – Chairman of the Committee.
Mr. Nhu Dinh Hoa Member of the BOD cum CEO – Member.
Mr. Lai Van HaiBOD’s non-executive member – Member.
Ms. Bui Thi Mai Hien, Head of Operations Management – Member.

Risk Management and Asset-Liability Committee (“RM&ALCO”)

A dedicated committee under the BVSC Board of Directors, tasked with advising and consulting the BOD on the establishment of risk strategies, policies, and limits, performing independent evaluations of the suitability and adherence to risk policies and procedures and examining and assessing the efficiency of the risk management system of the BOM, as well as monitoring the Company’s business performance, financial outcomes, and capital and asset management and growth.

Composition of the Committee includes: 05 Members:

Mr. Nguyen Quang Hung Non-executive BOD member – Chairman of the Committee.
Mr. Nguyen Hong Tuan Chairman of the BOD – Member.
Mr. Nhu Dinh Hoa Member of the BOD cum CEO – Member.
Ms. Nguyen Thi Thanh Thuy Vice CEO – Member.
Mr. Le Thinh Vuong Deputy Head of Legal, Compliance, and Risk Management Department – Member.

Audit Committee

A dedicated committee under the BVSC Board of Directors, tasked with advising and consulting the BOD in its assessment of compliance with legal regulations, the Charter, resolutions of the AGM and the BOD, and the Company’s internal policies and procedures; the Committee also oversees the accuracy of financial statements & official disclosures concerning the Company’s financial position, and provides professional and operational oversight to the activities of the Internal Audit Department, which reports directly to the BOD.

Composition of the Committee includes: 05 Members:

Mr. Bui Quang Vu Independent member of the BOD – Chairman of the Committee.
Mr. Nguyen Hong TuanChairman of the BOD – Member.
Mr. Nhu Dinh Hoa Member of the BOD cum CEO – Member.
Mr. Le Thinh Vuong Deputy Head of Legal, Compliance, and Risk Management Department – Member.
Ms. Nguyen Thi Hang Internal Audit Specialist – Member.

OPERATIONS OF THE BOARD OF DIRECTORS IN 2025

In accordance with the company’s charter, BOD’s Operating Regulations, and the resolutions of the AGM, BOD has carried out the following activities during the year:

Convening the General Meeting of Shareholders

The Board of Directors, in coordination with the Supervisory Board and the Board of Management, successfully organized the 2025 AGM on June 24, 2025. Key agendas were approved by shareholders with a very high consensus rate. For details of the approved matters, please refer to Section 3.2: Assessment of Investor Relations (IR) Activities in 2025 - The 2025 Annual General Meeting of Shareholders (AGM).

Deciding on matters within its authority:

Policies and matters approved by the Board

Convening BOD meetings to discuss and approve matters within the BOD’s authority: In 2025, the Board of Directors held four (4) quarterly meetings, one per quarter. All of these meetings were attended by the Supervisory Board members and BOM members. BOD members diligently attended BOD meetings in person and voted in accordance with the Company’s Charter and BOD’s Operating Regulations:

Meeting	Content	No. of BOD members attending	Percentage
The first meeting on March 26, 2025	Audited 2024 business results; 2025 Business Plan to be submitted for approval at the 2025 AGM; Estimated Q1 2025 business results and the Q2 2025 Business Plan; Execution of the Personal Data Protection and Processing Agreement with Bao Viet Holdings and its member entities; 2025 Investment Plan; 2025 Salary and Remuneration Plan; 2025 Fixed Asset Procurement and Basic Construction Investment Plan; Organization of the 2025 AGM; Status of implementing recommendations from the State Audit Office; Status of implementing 2024 AGM Resolutions and BOD’s Resolutions for Q1 2025.	05/05	100%
The second meeting on June 20, 2025	Estimated 1H2025 business results and the Implementation Plan for key tasks in Q3 2025; Approval of the principles for the 2025 salary fund settlement; Preparation for the 2025 Annual General Meeting of Shareholders; Status of implementing 2024 AGM Resolutions and BOD’s Resolutions for the first 06 months of 2025.	05/05	100%
The third meeting on September 29, 2025	Estimated 9M25 business results and the implementation results of key tasks in Q3 2025; Implementation Plan for key tasks in Q4 2025; Assessment of the estimated results in implementing the Company’s Development Strategy for the 2021–2025 period; Development of the Company’s Development Strategy for the 2026–2030 period; Status of implementing 2025 AGM Resolutions and BOD’s Resolutions for the first 09 months of 2025.	05/05	100%
The fourth meeting on December 23, 2025	Estimated 2025 business results; Formulation of the 2026 Business Plan; Investment in the Open-Ended Fund Trading System; Status of implementing 2025 AGM Resolutions and BOD’s Resolutions in 2025. Performance assessment of the Board of Directors and the Board of Management in 2025. Working regulations and policies for the Chairman of the Board of Directors.	04/05	80%

Throughout 2025, the Board of Directors actively addressed key matters through 45 written consultations and 50 crucial resolutions. These covered the organization of the 2025 Annual General Meeting of Shareholders; the 2025 Business Plan; the 2025 Salary Plan, Proprietary Trading Plan, and Asset Procurement Plan; the 2024 Profit Distribution; the Assessment of the implementation of the 2021–2025 Development Strategy & the Formulation of the 2026–2030 Development Strategy; the Re-appointment of the CEO and Deputy CEOs... & other matters within the Board’s authority.

In addition to discharging their duties through BOD meetings and responding to written consultations, BOD members also serve on BOD committees and participate in internal meetings, such as periodic risk assessment meetings held by the Risk Management Council and meetings regarding the appointment of senior executives, including the re-appointment of the CEO and Deputy CEOs. Furthermore, BOD members directly contribute their professional expertise and share valuable market experience; they also provide strategic direction to enhance the Company’s governance system in alignment with current regulations and international best practices, ensuring that business operations closely follow the actual developments of the stock market during the year.

OPERATIONS OF COMMITTEES UNDER THE BOARD OF DIRECTORS

In 2025, the Committees under the Board of Directors implemented the following operations to support and consult the Board of Directors to effectively manage the Company:

Corporate Governance, Nomination and Remuneration Committee

Operations in 2025

The Committee has undertaken advisory and support work and reported to the Board of Directors, providing advisory and appraisal opinions on issues such as: Proposal for the 2024 salary fund settlement & the 2025 salary fund plan; Proposal for management board bonuses in accordance with the AGM Resolution; Implementation of procedures for the re-appointment of the Company’s CEO and Deputy CEOs; Providing assessment and opinions on the appointment of Department Heads as proposed by the Operations Management Department; Submitting recommendations to the BOD, assessing corporate governance policies, and supervising corporate governance matters; Advising and consulting the BOD on labor management policies, salary, and compensation policies of the Company; and Performing other tasks as directed by the BOD regarding corporate governance matters.

Orientations in 2026

The Committee will continue to perform its advisory functions for the Board of Directors and carry out related activities: Proposal for the 2025 salary fund settlement & the 2026 salary fund plan; Implementing procedures and advising the BOD on the appointment, re-appointment, and planning of the Company’s midlevel management; Submitting recommendations to the BOD, assessing corporate governance policies, and supervising corporate governance matters; Advising and consulting the BOD on the organizational structure, corporate governance models, human resource development strategy planning, as well as the Company’s salary and compensation policies; Supervising the management of the Company’s remuneration and benefits plans; and Performing other tasks as directed by the BOD.

Risk Management and Asset-Liability Committee

Operations in 2025

The RM&ALCO Committee appraised the 2025 Risk Policy and Risk Limits and reported to the BOD for approval; attended and provided opinions at 04 meetings of the Company’s Risk Management Council to review and evaluate the overall effectiveness of ongoing risk management activities, as well as to establish frameworks, actions, and measures to ensure the harmonious and effective management of the risk management system under the BOM.

Orientations in 2026

The RM&ALCO Committee will continue its advisory role to the Board of Directors and undertake the following activities: Formulate the 2026 Risk Policy and Risk Limits for BOD’s approval; Review and evaluate the Company’s activities regarding compliance with the 2026 Risk Policy and Risk Limits; Review and assess impacting factors and provide recommendations on solutions to ensure a reasonable structure of Liabilities, Assets, and balanced asset growth on the balance sheet to align with the Company’s actual business operations; Perform other tasks as requested by the BOD.

Audit Committee

Operations in 2025

The Audit Committee appraised the 2024 Audit Report and the 2025 Audit Plan submitted by the Internal Audit Department for the BOD’s approval; Directed and supervised the professional activities of the Internal Audit Department; Coordinated with the Supervisory Board and the independent auditing firm, Ernst & Young, to ensure that financial statements comply with accounting standards and financial reporting disclosure regulations for listed companies; Performed other tasks as directed by the BOD regarding the assessment of the Company’s activities in compliance with internal policies and regulations.

Orientations in 2026

The Audit Committee will continue to perform its advisory functions for the BOD and carry out the following activities: Guiding the professional work of the Internal Audit Department to ensure the completion of the 2026 plan approved by the BOD; Supervising the integrity of the Company’s financial reporting; Continue efforts to complete the 2026 work plan to further promote the Audit Committee’s role in providing counsel to ensure an effective control system, enhancing corporate governance efficiency, and actively contributing to the achievement of the Company’s 2026 business objectives.

MEMBERS AND STRUCTURE OF THE SUPERVISORY BOARD

The Supervisory Board’s composition comprises 03 members as follows:

NO.	Member	Position	Start/End Date as SB Member
1	Mr. Nguyen Xuan Hoa	Head of Supervisory Board	From April 15, 2015
2	Ms. Nguyen Thi Thanh Van	Supervisor	From April 15, 2015
3	Mr. Hoang Giang Binh	Supervisor	From April 15, 2015

For detailed information on the Company’s Supervisory Board (“SB”), please refer to Chapter II, Section 2, “Key Personnel” of this Report.

OPERATIONS OF THE SUPERVISORY BOARD IN 2025

Supervisory Board’s meetings

In 2025, the Supervisory Board held four (04) meetings quarterly. Supervisory Board meetings are organized in accordance with the Company’s Charter, the Board’s Operating Regulations, and applicable legal requirements. Supervisors strictly adhered to attendance requirements for meetings and voted in compliance with the Company’s Charter and internal corporate governance regulations. At these meetings, the Supervisory Board discussed and approved key matters such as:

Meeting	Content	No. of SB members attending	Percentage
The first meeting on March 26, 2025	Acknowledged the audited 2024 business results and the estimated business performance for Q1/2025. Approved the appraisal content of BVSC’s 2024 Financial Statements for submission to the 2025 AGM. Approved the Supervisory Board’s Activity Report for submission to the 2025 AGM. Discussed the Supervisory Board’s Operation Plan for Q2/2025.	03/03	100%
The second meeting on June 20, 2025	Acknowledged the estimated business performance for 1H2025 and the action plan for key tasks in 2H2025. Discussed the Supervisory Board’s Operation Plan for Q3/2025.	03/03	100%
The third meeting on September 29, 2025	Acknowledged the estimated business performance for 9M25. Discussed the Supervisory Board’s Operation Plan for Q4/2025.	03/03	100%
The fourth meeting on December 23, 2025	Acknowledged the estimated business performance for the fullyear 2025. Discussed the Supervisory Board’s Operation Plan for 2026.	02/03	66,7%

OTHER BENEFITS OF THE BOD, BOM, AND SB

Insurance coverage and periodic health examinations

BOD members, Supervisors, and BOM members are entitled to insurance benefits as per Clause 2 & 3, Article 10 Regulations on remuneration, operating expenses, and bonus schemes for BOD members, Supervisors, BOM members, Chief Accountant, Company’s Secretaries, and the Person in charge of Corporate Governance. Details are as follows:

Category	Insurance Benefits
Social insurance, health insurance, and unemployment insurance	Pursuant to the provisions of the Law and the salary specified in the salary scale of the Company.
Comprehensive health insurance (HealthCare)	Following the Platinum program, which is the highest program of a comprehensive health insurance benefits package for BVSC’s staff with a maximum compensation of VND 5.25 billion/person, all costs are guaranteed for medical care on a global scale.
Life Insurance	Life Insurance: “An Huong Dien Vien” plan; Premium: VND 48 million/person/annum. 2025: Additional “An Tam Hoach Dinh” life insurance policy provided under the life insurance scheme for key company executives, with a total insurance premium of VND 16.6 billion.
Insurance for cancer (K - Care)	Following the highest program with a maximum insurance rate of VND 1.17 billion/person.
Periodic health examinations	Members of the Board of Directors, Head of the Supervisory Board, Board of Management: Getting periodic health examinations annually and paid according to the real occurrence at high-quality hospitals and medical facilities in Vietnam. Members of the Supervisory Board are entitled to periodic health examinations according to the periodic health examinations by year program for the Company’s staff.

Currently, all members of the Board of Directors and Supervisors are leaders and specialists working full-time at other enterprises, so certain insurance items and annual regular health check-ups already provided under the policies of those enterprises are not implemented at BVSC.

Policies for vehicle usage

For the position of full-time Chairman of the Board of Directors and the Board of Management of the Company: The company applies a lump-sum allowance for vehicles instead of the private car service, at the monthly rate of VND 10,000,000 to VND 15,000,000 per person.

In the event of inter-provincial business trips, members of the BOD, SB, and BOM are allocated cars based on the work plan or use taxi cards and/or ride-hailing platforms.

Policies for phone usage

Mobile phone allocation: BOD’s members, Supervisors, and BOM members are equipped with mobile phones at a level of VND 15,000,000 to VND 30,000,000/person every two years.

Settlement of telecommunication charges: The full-time Chairman of the Board of Directors and the Board of Management will be provided with a fixed telecommunication allowance ranging from VND 4,000,000 to VND 5,000,000 per person. For individuals holding concurrent positions, telecommunications expenses shall be reimbursed based on actual invoices, subject to the spending limits specified in the Company’s regulations.

Per diems

Domestic/International travel expense policies are applied in accordance with the Regulations on remuneration, operating expenses, and bonus schemes for BOD members, Supervisors, BOM members, Chief Accountant, Company’s Secretaries, and the Person in charge of Corporate Governance.

Specific conditions and limits vary by rank, including airfare, hotel accommodations, per diem allowances, and reimbursement based on supporting invoices and documents. Regarding overseas business travel limits, the Company’s standards are developed with reference to the Ministry of Finance’s regulations.

GENERAL EVALUATION OF CORPORATE GOVERNANCE IMPLEMENTATION IN 2025 AT BVSC

In 2025, BVSC consistently maintained a corporate governance system based on 4 pillars: Fairness – Responsibility – Accountability – Transparency. These are fundamental principles in corporate governance to ensure the harmony of interests among stakeholders, enhance the Company’s business efficiency, and strengthen investor confidence.

Accordingly, the Company always strictly and fully complies with regulations on corporate governance, with details as follows:

Organizational structure: A listed company adopting a corporate governance model comprising the General Meeting of Shareholders, the Board of Directors, the Supervisory Board, and the Board of Management; to strengthen corporate governance and risk management within the securities sector, BVSC has established specialized Internal Control and Risk Management departments reporting to the Management Team, and an Internal Audit function under the Board of Directors. Furthermore, to support the BOD in implementing corporate governance more effectively and preventing conflicts of interest, the BOD established three sub-committees: the Corporate Governance, Nomination and Remuneration Committee; the Risk Management & Asset-Liability Committee (ALCO); and the Audit Committee. Additionally, the BOD appointed Company Secretaries and a Person in charge of Corporate Governance. The Company also established a specialized Investor Relations (IR) Department to connect and maintain relationships between the Company and its shareholders, investors, and stakeholders.

The structure of the BOD ensures a balance between executive and non-executive members: BVSC maintains a ratio of 4/5 non-executive members (higher than the ratio stipulated in Clause 2, Article 276 of Decree No. 155/2020/ND-CP), including 01 independent member. The Chairman of the BOD does not concurrently hold the position of CEO. Members of the BOD do not concurrently serve on the Boards of more than five (05) other companies; this allows them to dedicate sufficient time and focus their efforts and expertise on the Company’s development;

The structure of the Supervisory Board consists of one (1) Head and two (2) Members. The Supervisors work on a full-time basis and do not concurrently hold management positions or other roles at BVSC;

BVSC strictly complies with the procedures for convening the General Meeting of Shareholders as prescribed by law, the Company’s Charter, and the Internal Regulations on Corporate Governance, ensuring a venue and appropriate time for shareholders to attend the 2025 AGM. The Board of Directors’ Report and the Supervisory Board’s Report presented at the General Meeting of Shareholders by BVSC strictly complied with the requirements specified in Article 280 and Article 290 of Decree No. 155/2020/ND-CP, providing detailed guidance on the implementation of the Law on Securities;

BVSC fully, accurately, and timely disclosed information regarding its business operations, financial position, and corporate governance; prepared and published the Annual Report incorporating a Sustainable Development Report to shareholders and the public in accordance with Circular No. 96/2020/TT-BTC and the Internal Information Disclosure Regulations. In addition to meeting bilingual disclosure requirements for periodic reports as prescribed by law, in 2025, BVSC actively enhanced its transparency by extending bilingual disclosures to the majority of its extraordinary information. Meanwhile, BVSC diversified its communication channels with shareholders and investors, including hotlines, emails, the Company’s fanpage, and Zalo OA. The Company also actively cooperates with media agencies and specialized economic, financial, and securities news outlets to broadly disseminate information to investors. The Company regularly issues quarterly Investor Relations Newsletters in both Vietnamese and English to provide shareholders with a comprehensive update on its business operations, BVS stock performance, and other key highlights. All inquiries and requests from shareholders and investors are responded to within a maximum of 48 hours.

Members of the BOD, the Supervisory Board, and the Board of Management exercised their rights and performed their duties in accordance with the Company’s Charter, internal regulations, and applicable laws. While performing their assigned duties, members of the BOD, the SB, and the BOM acted with honesty and due care; remained loyal to the interests of the Company and its shareholders; fully disclosed related interests; and refrained from abusing their positions or using the Company’s information, business know-how, opportunities, and other assets for personal gain or the interests of third parties.

The Company maintained a consistent cash dividend policy at a rate of 8% of par value, demonstrating its commitment to ensuring interests and sustainable value for shareholders. (Despite market volatilities, BVSC has maintained a stable cash dividend policy since 2018, at rates ranging from 8% to 10% of par value). The dividend payment was made in full compliance with the timeline and procedures prescribed by regulations applicable to listed companies (dividends must be fully paid within 06 months from the closing date of the 2025 AGM).

Transactions between the Company and insiders or related parties were conducted in full compliance with applicable laws and the Company’s Charter. These transactions were carried out with honesty and due care, aiming for the best interests of the Company and its shareholders while ensuring the rights of stakeholders. The Company did not provide any loans or guarantees to these individuals.

In parallel with its economic objectives, BVSC identifies environmental protection and social responsibility as key pillars of its sustainable development strategy. Accordingly, the Board of Directors provided strategic orientation and directed the Company to integrate environmental and social factors into its governance, while implementing specific action plans to enhance sustainability across the entire system progressively. In 2025, BVSC expanded its social security programs in both scale and scope of beneficiaries, with a strategic focus on sustainable support models. Specifically, the Company intensified its efforts in key areas: constructing houses in alignment with the Government’s ‘Eliminating Temporary and Dilapidated Housing’ program; building schools and essential infrastructure; providing long-term living subsidies to stabilize the lives of underprivileged households; and delivering prompt relief to floodaffected communities. The total budget for these programs exceeded VND 1 billion.

The Company maintained a consistent cash dividend policy at a rate of

8%of par value

In 2025, BVSC was honored with prestigious corporate governance awards from regulatory bodies and reputable organizations, including: Top 10 Listed Companies for Excellence in Corporate Governance for two consecutive years at the HNX Annual Member Conference, Top 10 Best Corporate Governance Companies – Mid-Cap Group at the 2025 Vietnam Listed Company Awards; Listed Company Meeting Information Disclosure Standards in the IR Awards 2025, co-organized by Vietstock, VAFE, and FILI Magazine; Top 100 Sustainable Enterprises in eight years: 2018-2025; Sustainability Certification – “Mediumhigh” Sustainability Level according to the Synesgy system (developed based on the CRIF ESG Score and regulations from ESMA - the European Securities and Markets Authority).

Transparent Foundations

Sustainable Growth

ORGANIZATIONAL STRUCTURE

KEY PERSONNEL

INFORMATION FOR SHAREHOLDERS

BVS STOCK INFORMATION AS AT DECEMBER 31, 2025

ASSESSMENT OF INVESTOR RELATIONS (IR) ACTIVITIES IN 2025

BOARD OF DIRECTORS

MEMBERS AND STRUCTURE OF THE BOARD OF DIRECTORS

COMPANY SECRETARIAT

THE PERSON IN CHARGE OF CORPORATE GOVERNANCE

COMMITTEES UNDER THE BOARD OF DIRECTORS

TRAINING ON CORPORATE GOVERNANCE

OPERATIONS OF THE BOARD OF DIRECTORS IN 2025

OPERATIONS OF COMMITTEES UNDER THE BOARD OF DIRECTORS

INDEPENDENT BOD MEMBER’S ASSESSMENT OF BOD’S PERFORMANCE IN 2025

SUPERVISORY BOARD

MEMBERS AND STRUCTURE OF THE SUPERVISORY BOARD

MEMBERS AND STRUCTURE OF THE SUPERVISORY BOARD

OPERATIONS OF THE SUPERVISORY BOARD IN 2025

Supervisory Board’s meetings

PERFORMANCE OF THE SUPERVISORY BOARD

TRANSACTIONS, REMUNERATION, AND BENEFITS OF THE BOARD OF DIRECTORS, THE SUPERVISORY BOARD, AND THE BOARD OF MANAGEMENT

SALARIES, BONUSES, AND REMUNERATION OF THE BOD, BOM, AND SB

Principles of paying salary, bonus, and remuneration

For the Board of Directors and the Supervisory Board

For the Board of Management

INTERNAL AUDIT

THE THREE LINES MODEL

INTERNAL AUDIT PROCESS

INTERNAL AUDIT ACTIVITIES IN 2025

INTERNAL AUDIT PLAN FOR 2026

RISK MANAGEMENT

IMPLEMENTATION OF REGULATIONS ON CORPORATE GOVERNANCE

GENERAL EVALUATION OF CORPORATE GOVERNANCE IMPLEMENTATION IN 2025 AT BVSC

AREAS FOR FURTHER IMPROVEMENT IN CORPORATE GOVERNANCE AT BVSC

GENERAL INTRODUCTION

CORPORATE GOVERNANCE

2025 OPERATIONAL PERFORMANCE REPORT

TARGETS AND COMMITMENTS FOR 2026

SUSTAINABLE DEVELOPMENT BY GRI

THE THREE
LINES MODEL

INTERNAL AUDIT
PROCESS

INTERNAL AUDIT
ACTIVITIES IN 2025

INTERNAL AUDIT
PLAN FOR 2026