Conference to evaluate Operating results of ty so bong da 3rd quarter, ty so bong da first 9 months and business task implementation in ty so bong da last 3 months of 2014

In ty so bong da morning of 04/10/2014, Viglacera Corporation organized a conference to evaluate Operating results of ty so bong da 3^rdquarter, ty so bong da 1^st9 months and business task implementation in ty so bong da last 3 months of 2014 at Viglacera tower, No1 Thang Long Highway, Hanoi.

Attending and leading ty so bong da conference were ty so bong da Chairman Luyen Cong Minh, General Director Nguyen Anh Tuan and BOM members, Vice Presidents and key leaders of subsidiaries under Viglacera Coperation.

Deputy General Director Nguyen Anh Tuan presented ty so bong da Corporation business report of ty so bong da 3^rdquarter, ty so bong da 1^st9 months and business plan of ty so bong da last 3 months of 2014

At ty so bong da Conference, Deputy General Director Nguyen Anh Tuan presented ty so bong da Corporation business report of ty so bong da 3^rdquarter, ty so bong da 1^st9 months and business plan of ty so bong da last 3 months of 2014. It was reported that all main operating targets have been achieved and exceeded ty so bong da set ones: Profit reached 126.1 billion VND, increasing by 6% compared to ty so bong da quarterly plan, ty so bong da 9 month accumulated profit reached 75% of ty so bong da yearly plan; Revenue increased by 3% compared to ty so bong da quarterly plan, ty so bong da 9 month accumulated revenue reached 74% of ty so bong da yearly plan; business value rose by 8% compared to ty so bong da 3^rdquarter plan, ty so bong da 9 month accumulated value met 74% of ty so bong da yearly plan. Viglacera has ensured stable employment for nearly 12,000 workers, with an average income increase of 9% compared to ty so bong da same period in 2013.

In ty so bong da 3^rdquarter of 2014, both er /d to ty so bong da same period ofhetwo key areas of Viglacera that are building materials and real estate have witnessed a sustainable growth and successfully met business targets: In building material sector: profit reached 112%, revenue met 100%, business value met 110% of ty so bong da planned ones; In real estate sector: profit and revenue reached 102%, business value met 101% of ty so bong da planned ones.

In Glass group, ty so bong da product quality always meet basic standard (ty so bong da standard set by Viglacera is higher than ty so bong da Vietnamese standard - TCVN), European Standard EN 572 - 2:2014, also meets quality standard of post-glass processed products such as Low - E, silvering mirrors, safety glass.

In Sanitary Ware – Shower Faucet – Commerce group, production has met ordered demand, turnover rate after firing was above ty so bong da target one, product quality met ty so bong da basic standard, ty so bong da product set of sanitary ware - shower faucet at low price for low-price-commercial housing and social housing was available. ty so bong da Corporation praised Viglacera Binh Duong Sanitary Ware Company, Viglacera Thanh Tri Sanitary Ware JSC, Viglacera Viet Tri Sanitary Ware JSC, Viglacera SANFI Company and Viglacera Trading JSC .

In tile – business group , product quality strictly follows ty so bong da basic standard; ty so bong da group also recorded good reservation of raw materials, labor reorganization, an increase in labor productivity of each line and a balance of order - production - consumption. ty so bong da Corporation praised Viglacera Thang Long JSC, Viglacera Hanoi JSC, Viglacera Tien Son JSC and Viglacera Ceramic Tiles Trading JSC .

In Heavy clay group, ty so bong da Corporation praised Viglacera Ha Long JSC for its 9 month interest of 83.2 billion VND, over 9.7% of ty so bong da planned one.

General Director Nguyen Anh Tuan spoke at ty so bong da Conference

To successfully implement ty so bong da last 3 month business plan, ensure ty so bong da 2014 business plan registered with ty so bong da Ministry of Construction and approved at ty so bong da 1^stGeneral Shareholders Meeting, General Director Nguyen Anh Tuan requested ty so bong da Corporation departments and subsdiaries to perform 8 key tasks:

1. Quickly issue 16 operating procedures of ty so bong da Corporation as JSC model, approve operating regulations of ty so bong da Corporation subsidiaries as scheduled;

2. Align with planned targets, tasks for ty so bong da last 3 months committed by each member unit, each product category;

3. Develop, review and assign business – investment plan in 2015 to ty so bong da Corporation subsidiaries and to representatives of ty so bong da Corporation capital at joint stock companies including: cost reduction to increase staff salary, stability of sanitary ware, ceramic tiles, granite production to meet basic standard and reach top manufacturer group, position no 1 of glass products in Vietnam, heavy clay products leading ty so bong da market. In 2015, ty so bong da production of new products such as glass Low - e, Clinker – roofing tile products manufactured on 100% tile technology line, implementing preparation for investment in new projects of construction materials, completing procedures to start investing in an expanded Industrial Park and 3 new industrial zones are expected;

4. Assign to ty so bong da "General" in each field, ty so bong da representatives of capital, ty so bong da Supervisory Board to complete tasked of November 2014 in a serious, thorough manner;

5. Continue reviewing and evaluating ty so bong da results of implementing basic standard system and eco-technological norms, salary rates;

6. Develop training programs, training plans in 2015, concentrating resources for Vocational College under ty so bong da cooperation with Proskills UK;

7. ty so bong da research institute continues on research projects of building material development of ty so bong da Corporation, assessment of product quality and raw material inputs of production units, ty so bong da production units must also coordinate closely with ty so bong da Institute;

8. Do market research including design, quality and product price that helps enhance Viglacera brand. Maintain a close coordination between ty so bong da production units and trading company, with a particular focus on export activities.

Deputy General Director Tran Ngoc Anh presented about Real Estate investment at ty so bong da Conference

Many key issues were given for discussion at ty so bong da Conference and received contributive comments from Directors of member units, Vice Presidents of ty so bong da Corporation about: Business activities in domestic and export markets; New product investment in ty so bong da field of heavy clay technology and preparation of materials for 2015 plan; Real estate investment & trading; ty so bong da issue of increasing labor productivity, salaries, social insurance and reporting information within ty so bong da Corporation.

At ty so bong da end of ty so bong da meeting, Director General Nguyen Anh Tuan again appreciated ty so bong da Corporation operating results in ty so bong da 3^rdquarter, during ty so bong da 1^st9 months of 2014 and said that ty so bong da Ministry of Construction has evaluated Viglacera Corporation to be one of ty so bong da leading corporations of ty so bong da Ministry of Construction. Thus, in order to maintain that position and successfully complete business plan of 2014, ty so bong da subsidiaries should continue implementing ty so bong da restructure, develop detailed plans for ty so bong da last 3 months of 2014 and ty so bong da year 2015 for reporting to ty so bong da Corporation, coordinate closely in each product group to create an equal development among units.

ty so bong da results achieved in ty so bong da 3^rdquarter and 1^st9 months of 2014 are very positive, which create an important prerequisite for ty so bong da Corporation to successfully complete targets of ty so bong da last 3 months of 2014, to ensure ty so bong da completion of 2014 business plan registered with ty so bong da Ministry of Construction and approved at ty so bong da 1^stGeneral Shareholders Meeting, accordingly to become a multinational company.