VICOSTONE Maintains Cautious Operations, Enhances Risk Management Amidst Global Market Volatility

In Q2 and the first half of 2026, Vicostone has been influenced by fluctuations in the domestic and international business environment. Domestically, demand for construction investment and finishing is gradually improving, creating positive momentum for the company's operations. Conversely, internationally, slowing global economic growth and sustained high interest rates in key export markets have impacted demand for surface materials. In this context, the company continues to drive market development, consolidate its distribution system, and maintain its brand position in key markets to build a foundation for long-term sustainable growth. Specifically, consolidated net revenue and pre-tax profit for the first six months of 2026 are estimated as follows (Unit: Billion VND): In response to market demand volatility, Vicostone proactively optimizes inventory, ensures efficient capital utilization, maintains timely order fulfillment capabilities, and strengthens accounts receivable management. International Market: Vicostone's Q2 2026 operations took place amidst an international business environment affected by geopolitical risks, energy price fluctuations, and adjustments in trade policies of major economies, all impacting global supply chains. These factors increase logistics costs, inflationary pressures, and maintain high interest rates in many key export markets. Furthermore, global economic growth is trending slower, while the international trade environment continues to be influenced by protectionist policies and increasing competition in the building materials industry. In key markets like the US, Canada, and Europe, high interest rates are causing a slow recovery in construction and home renovation activities, thereby affecting demand for surface materials. Against this backdrop, Vicostone continues to implement market development activities, strengthen its distribution system, and expand its presence in key markets, laying the groundwork for long-term growth. Domestic Market: While the international market faces ongoing volatility, the domestic market presents positive growth opportunities due to the gradual improvement in demand for construction investment and finishing. In this environment, Vicostone continues to maintain its reputable brand position among architects, designers, and investors in Vietnam. In the first half of 2026, the company synchronously deployed market development programs, including sales promotion, expansion of display application systems, partner training, and enhanced connections with the national architecture-interior design community. Vicostone has also elevated strategic partnerships with Gỗ An Cường and Hoa Sen Home, integrating practical product applications into 28 showrooms and display spaces within its partner network nationwide, thereby increasing customer reach and enhancing product experience. Additionally, after five years of development, the Vicostone Authorized Fabricator (VAF) network continues to expand, gradually solidifying its position in the Northern market and increasing its presence in the Central and Southern regions, contributing to enhanced construction and finishing capabilities, a strengthened partner ecosystem, and the sustainable development of the Vicostone brand in the domestic market. These domestic and international efforts continue to consolidate Vicostone's leading position in the high-end engineered quartz stone market, while also creating a foundation for long-term sustainable development. Q3 2026 Outlook: Moving into Q3 2026, the company will continue to prioritize research and development of new collections that meet modern design trends, while accelerating the commercialization of its environmentally friendly Eco Surfaces product line. This aligns with sustainable consumption trends (ESG) and increasingly stringent silica content requirements in Australia and California (USA). In the domestic market, the company will expand brand coverage, increase point-of-sale presence, and enhance connections with the national architecture-interior design community, creating momentum for Vicostone's business activities and brand development in the coming months. In the coming period, international oil prices and transportation costs are projected to gradually stabilize, with expected reductions in cost pressures for production and export activities. However, the global business environment still harbors many uncertainties, particularly from trade policies and geopolitical shifts. Based on this, Vicostone will continue to closely monitor market developments, proactively assess impacts, develop appropriate response scenarios, and maintain a cautious, flexible operating policy to ensure stable business operations. With a solid financial foundation, an extensive distribution network, consistent product development direction, and strengthened risk management capabilities, Vicostone expects to proactively seize growth opportunities as market demand gradually recovers, thereby continuing to create sustainable value for shareholders, customers, and stakeholders.