Issuing shares to pay dividends at a rate of 16.8% and electing additional members to the Board of Directors at the 2024 Extraordinary General Meeting of Shareholders of LPBank

On the afternoon of November 16, Loc Phat Vietnam Commercial Joint Stock Bank (LPBank - Code: LPB) successfully held the 2024 Extraordinary General Meeting of Shareholders (AGM) in Ninh Binh. The meeting approved many important contents such as issuing shares to pay dividends, planning to invest in stocks in the VN30 portfolio, electing additional members of the Board of Directors (BOD) and changing the location of the head office. LPBank's Board of Directors also shared about the development strategy for the period 2024-2028, aiming to become the leading retail bank in the rural and urban markets of type 2. Strategic orientation: Becoming the leading retail bank

The Presidium of the LPBank Extraordinary General Meeting of Shareholders 2024

Sharing about the strategic orientation in the next 3-5 years, Mr. Nguyen Duc Thuy - Chairman of LPBank's Board of Directors said: "Our business strategy for the period 2024-2028 is to make LPBank the leading retail bank in the market with the No. 1 position in retail banking in rural areas and type 2 urban areas on the digital technology platform and TOP 5 priority banking services in large cities". To realize the above strategy, LPBank shareholders have unanimously approved the plan to increase charter capital in 2024 through issuing shares to existing shareholders to pay dividends from undistributed after-tax profits in 2023, at a rate of 16.8%. After completing the issuance of shares, LPBank's charter capital is expected to reach VND 29,873 billion, bringing the bank into the group of banks with the largest charter capital, affirming its leading position in the finance - banking sector. Issuing dividend shares not only aims to maximize shareholder benefits but also helps LPBank realize its growth targets, creating a foundation to improve competitiveness, diversify financial products and services, and expand customer access. This is an important part of LPBank's sustainable development and expansion strategy in the coming time.

LPBank Chairman of the Board of Directors Nguyen Duc Thuy - Chairman answers shareholders' questions

In particular, responding to Shareholders, Mr. Nguyen Duc Thuy - Chairman of LPBank's Board of Directors emphasized: "With the current growth rate, with the strategies set out and high determination, LPBank will continue to conquer higher goals. It is expected that in the coming years , dividends will be paid at a rate of 16.8% or more, up to around 20% ". Diversifying investment channels: Expected to invest in stocks in the VN30 Portfolio Responding to Shareholders' questions about the ability to complete the plan set out in 2024, Mr. Bui Thai Ha - Vice Chairman of LPBank's Board of Directors said: "LPBank is on a strong profit growth trajectory thanks to the drastic implementation of simultaneous actions to: increase revenue, optimize costs and control risks. LPBank is sure to exceed the pre-tax profit plan assigned by the Annual General Meeting of Shareholders in 2024 of VND 10,500 billion. In addition, in order to optimize capital sources and diversify investment channels, LPBank's Board of Directors has submitted and received approval from the General Meeting of Shareholders for the plan to invest in FPT shares and/or shares in the VN30 portfolio. According to the plan, the transaction will be carried out in 2024-2025 or at a suitable time, after receiving approval from the management agency. The General Meeting also authorized the Board of Directors to fully decide and carry out all work related to investing in FPT shares and/or shares in the VN30 portfolio, ensuring compliance with legal regulations and in accordance with the actual situation. Selecting experienced personnel to build a strong LPBank Board of Directors

LPBank elects 2 additional independent members to the Board of Directors, enhancing governance capacity

The congress elected two additional independent members of the Board of Directors, Mr. Pham Phu Khoi and Ms. Vuong Thi Huyen, with the goal of improving management and operational capacity. Sharing about this, Mr. Nguyen Duc Thuy - Chairman of the Board of Directors of LPBank said: " LPBank has been searching for and selecting leading personnel who have held many important positions in large , professional financial institutions . Our goal is to build a strong Board of Directors with strategic vision, realizing the vision of becoming a leading retail bank - a bank for everyone". Mr. Pham Phu Khoi was born in 1963, has more than 37 years of experience holding senior leadership positions at domestic and international corporations and financial institutions such as: Director of Northeast Asia - Vietnam Airlines Corporation; Director of international credit transaction investment in Asia - Standard Chartered Bank, Singapore; Director of Investment Banking in Southeast Asia - Bank of America Merrill Lynch, Singapore; Member of the Board of Directors, General Director - ACB Securities Company Limited; Deputy General Director - Director of Financial Markets and Debt and Equity Management Center - Vietnam Prosperity Joint Stock Commercial Bank; Chairman of the Board of Directors - VPBank Securities Joint Stock Company... Currently, Mr. Khoi is Chairman of the Board of Directors - Vietnam Investment Credit Rating Joint Stock Company (VIS Rating); Chairman of the Board of Directors - independent member of the Board of Directors - LPBank Securities Joint Stock Company. Ms. Vuong Thi Huyen was born in 1974. She has more than 28 years of experience in the finance - banking industry, holding many important positions such as: Director of Project Finance Department of ANZ Bank Vietnam; Director of Hanoi Branch - Credit Agricole Investment and Corporate Bank; Head of Small and Medium Enterprise Customer Department - Head Office of Vietnam Joint Stock Commercial Bank for Industry and Trade; Deputy General Director and Director of Corporate Customer Division - Vietnam International Commercial Joint Stock Bank. Currently, she is Chairman of the Board of Directors and General Director of Fast Capital Solutions Joint Stock Company. With the high consensus of the Shareholders, Mr. Pham Phu Khoi and Ms. Vuong Thi Huyen were elected to the Board of Directors of LPBank, becoming important pieces thanks to their extensive expertise and rich experience. This addition not only demonstrates the bank's strategic vision in building a professional Board of Directors but also expects to bring outstanding capabilities in governance and management. LPBank believes that the Board of Directors' leadership team will play a key role in promoting the long-term development strategy, enhancing the bank's position in the market and realizing the goal of becoming a leading retail bank. Moving headquarters: Expanding the market and promoting local economic development Finally, the General Meeting approved the decision to move LPBank's headquarters to another location to expand the market and increase its presence in areas with development potential. With important decisions passed at the 2024 Extraordinary General Meeting of Shareholders, LPBank is affirming its determination in development strategy and strong aspirations. At the end of the third quarter, the Bank recorded pre-tax profit of VND2,900 billion, and accumulated profit in the first 9 months of the year reached VND8,818 billion, up 139% over the same period last year. This is a testament to LPBank's continuous efforts to improve operational efficiency, creating a solid foundation for future development.

K.Oanh