Production & Business results of Viglacera Corporation - JSC outpeformed ty so bong da plan of October 2019

On 04^thNovember 2019, Viglacera Corporation held a briefing to evaluate production and business results in October and implement objectives for ty so bong da last 2 months of 2019. According to recorded results, Viglacera was closely following and completing ty so bong da targets ratified at ty so bong da General Meeting of Shareholders.

Based on ty so bong da report made at ty so bong da briefing, in October 2019, Viglacera Corporation accomplished ty so bong da main targets, earning a profit of 111% of ty so bong da month plan and its interest increased to 126 billion VND in comparision with ty so bong da same period of 2018.

Mr Nguyen Anh Tuan - Deputy General Director of ty so bong da Corporation reported on ty so bong da results of production and business activities in October

In October, ty so bong da parent company well-represented ty so bong da leading role, took ty so bong da first place on maintaining and achieving ty so bong da targeted profit of more than 73.9 billion VND, constituting 118% of ty so bong da month plan, in which, ty so bong da Real Estate Business (Leasing in Industrial Parks) continued to be highly profitable.

Directors of Departments / Departments under ty so bong da corporation reported at ty so bong da briefing

After a 03-month period of focusing on market promotion and new product research in ty so bong da field of Construction Materials, there were signs of stability and positive changes as ty so bong da revenue and profit gradually rose compared with previous months. Major export markets such as ty so bong da America, South America and Europe, etc. continued to give positive feedback on Viglacera products.

Directors of Departments/Divisions and units under ty so bong da Ceramic Tiles, Sanitary Ware Group reported at ty so bong da briefing

Based on ty so bong da results achieved in October, Viglacera has set a target plan for November 2019, speeding up solutions to improve product competitiveness, consolidate ty so bong da production management process, capacity, research and restructure towards high value products and new products. Giving adequate concerns on solving problems arising in production and business activities with a view to completing ty so bong da plans for months remained in ty so bong da year, and ty so bong da fourth quarter as committed.

General Director - Nguyen Anh Tuan directs at ty so bong da briefing

In attempt to surpass Production and Business Plan of November 2019, Quarter IV of 2019 and prepare for ty so bong da plan of 2020, General Director - Nguyen Anh Tuan directed ty so bong da Departments/Division under ty so bong da Corporation and each production/business unit to adhere to ty so bong da production & business plans in ty so bong da fourth quarter, specially other indicators such as revenue, inventory, outstanding loans, export, etc.; To continue strict management and control cost-reduction issues in all units, enhance product quality control, improve competitiveness; To promote export to relieve pressure from domestic competition; To assign business and investment plans of ty so bong da whole Corporation in 2020; To schedule to stop ty so bong da machinery and equipment maintenance during ty so bong da Lunar New Year; and to Continue procedures of divesting ty so bong da Corporation’s capital at its subsidiary units.