NEW YEAR GREETINGS FROM CHAIRMAN

Dear Shareholders and Partners of Sao Mai Group (ASM)
Warm greetings to all members and their families of the Sao Mai Group!

As we joyfully welcome the Lunar New Year of the Tiger and bid farewell to the past year, on behalf of the Board of Directors and the Executive Committee of Sao Mai Group, I would like to extend my deepest gratitude to all of you for your trust, cooperation, and unwavering support throughout our journey of "development and growth at Sao Mai Group."

Dear Esteemed Members,
The year 2021 was full of challenges and difficulties as the devastating wave of the Covid-19 pandemic swept across the globe, leaving its tragic destruction. The world has seen nearly 300 million infections and over 5 million deaths, causing severe economic downturns. Trade flows were disrupted, import and export activities were obstructed and consumer demand weakened drastically. Prolonged social distancing measures led many businesses to temporarily halt operations, with some unable to recover and forced to shut down completely.

At Sao Mai, we were not entirely surprised by this global crisis because we had anticipated its impact with remarkable accuracy and proactively devised solutions for the worst-case scenarios of the pandemic. These solutions were built upon a foundation of solidarity and innovation, powered by intellect and determination, and, most importantly, the heartfelt dedication of our 12,500-member "Sao Mai Family."
Our greatest success, which we take immense pride in, is that every single member and their loved ones in our "Great Family" remained safe, well, and happy throughout the pandemic. Thanks to this resilience, we sustained our business operations, retained our workforce, and even welcomed many highly-qualified new members to our team.

Furthermore, despite the hardship, we managed to acquire valuable assets at favorable prices—businesses, projects, and investments that we secured over the past year. I can confidently commit to refining these assets into shining gems in the near future. Our achievements in 2021, marked by 11,500 billion VND in revenue and 705 billion VND in after-tax profit (exceeding the annual profit target of 700 billion VND), serve as a demonstration to our relentless drive, creativity, and courage in overcoming adversities.

As we step into 2022, challenges posed by Covid-19 will likely persist. However, with our solid business foundation, creativity, unity, determination, and enthusiasm, our ASM team is fully equipped to embark on a prosperous and victorious year ahead.

On this occasion of the Lunar New Year of the Tiger, on behalf of the Board of Directors and the Executive Leadership of Sao Mai Group, I sincerely wish our valued partners, shareholders, and all members of our Great Sao Mai Family a year filled with GOOD HEALTH – HAPPINESS – PROSPERITY – SUCCESS!

On behalf of the Board of Directors

LE THANH THUAN