Dear Shareholders, Customers, and Partners,

The year 2023 witnessed the global economy continuing to recover from the COVID-19 pandemic, yet facing numerous challenges such as inflation, significant interest rate fluctuations, political instability, and natural disasters. This has prompted changes in global commercial investment trends, particularly towards sustainable growth. For the electricity sector, 2023 was notably difficult. While the National Power Development Plan until 2050 was approved by the Prime Minister on May 15, 2023, detailed implementation plans are still pending, resulting in delays and power shortages due to various objective factors, significantly impacting the economy, investment environment, and industry credibility.

In the midst of these common difficulties, all of us at PECC2 have strived with the highest spirit and determination to overcome challenges. The year 2023 witnessed PECC2's steadfastness with many bright spots in the Vietnamese energy market. The "Outstanding Progressive Enterprise" award at the 2023 Listed Company Awards Ceremony on December 15, 2023, was a valuable recognition of PECC2's efforts in transparency, corporate governance standardization, and operational flexibility to adapt to fluctuations, consolidate resources, and calmly lay the groundwork for entering the pivotal year of 2024. These encouraging results stem from the company's leadership's determination in directing, managing, and the collective efforts of all PECC2 members. With an appropriate direction, correct guidance, and resolute leadership as in the past, PECC2 is striving to maintain achieved results and aim for even better outcomes in the coming years.

On behalf of the Board of Directors of PECC2, I express gratitude to our Shareholders, Customers, and Partners for their trust, support, cooperation, and companionship with PECC2. I also sincerely thank the Executive Board, management levels, and all PECC2 members for fulfilling their roles, responsibilities, and elevating the spirit of service to overcome the challenging year of 2023 together.

I wish our Shareholders, Customers, Partners, and all PECC2 staff a healthy, happy, and successful 2024!

Yours sincerely