Introduction - Bimico KSB | Công ty Cổ phần Khoáng sản và Xây dựng Bình Dương

Dear Valued Shareholders, Customers, Partners and Employees,

The year 2021 continued to be a diffcult year due to the Covid-19 pandemic, most of the Company’s operating areas in the Southeast region were severely affected, most of the manufacturing industries were suspended, in which construction and real estate business were hardest hit. However, with strong courage, stable internal resources, ﬂexible solutions, and the unanimity of employees, BIMICO has overcome challenges and achieved quite positive business results compared to the market, with revenue of VND 884.27 billion and proft after tax of VND 252.81 billion, equivalent to 90.3% of the plan. BIMICO was honored to be awarded the Asia Pacifc Business Excellence Award in 2021 – Organized by Enterprise Asia, voted in the Top 50 Most Effective Business Companies in Vietnam – Nhip Cau Dau Tu Magazine and Thien Securities JSC, Top 10 Vietnamese Gold Stars.

The company always ensures stable employment and the best welfare regime for employees. In addition, BIMICO also actively participates in social security programs, supporting local authorities in the prevention of the Covid-19 epidemic with a total value of more than VND 5.7 billion in cash and in kind. In addition, through the KSB Community Development Fund, the company has given more than 300 welfare gift bags to employees in hostels in Di An city, Thuan An city during the social isolation according to the directive of the Prime Minister of the Government… This is a testament to the efforts of enterprises to implement social responsibility. One of the Government’s socio-economic development orientations in 2022 is to focus on promoting public investment in transport infrastructure works (highway systems, Long Thanh international airport, etc.), metro projects, infrastructure in Thu Duc city…) will be a great advantage for BIMICO to break through in the current new normal. The program for socio-economic recovery and development in the two years 2022 – 2023 has been approved with a capital scale of up to VND 347,000 billion. The demand for construction materials is very large in public investment projects, industrial real estate segment continues to accelerate and residential real estate market around Ho Chi Minh City continues to explode. This will open up great growth opportunities for businesses in the industry, especially in key economic areas and have big projects like BIMICO.

Accordingly, with many quarries with large reserves such as: Tan My, Phuoc Vinh mines in Binh Duong, Thien Tan 7 mines in Dong Nai… and these quarries are located near highway projects and projects, good product quality is a favorable condition for BIMICO’s business plan. With the socio-economic development orientations that have been implemented drastically in recent years, the company fnds that the construction material mining industry will continue to be highly expected in the near future thanks to the promotion of public investment, especially in road and bridge works, infrastructure construction and recovery of the southern market after the pandemic.

In addition, BIMICO is planning to increase its ownership rate in Bien Hoa Construction and Building Materials Production Joint Stock Company (VLB), which owns many of the best and largest quarries in the Southeast region.

One of the company’s other investment areas is industrial real estate. Accordingly, KSB Industrial Park (Dat Cuoc) has been flled in phase 1. Currently, the Company is continuing to expand phase 2, with this expansion, the total area of KSB industrial park is up to 553 hectares. BIMICO is also promoting investment in new industrial zones in Dong Nai, Binh Duong to increase the business land fund for the following years. Along with the production of building materials, we determine that industrial real estate will be one of the two pillars that bring large and sustainable revenue in the coming years for KSB.

On behalf of BIMICO’s Board of Directors, I would like to thank our customers, partners, shareholders, and all employees who have accompanied the Company, and look forward to continuing to receive your support so that we can together conquer new milestones in the future.

Wishing you and your family good health and success.

Best regards,

PHAN TAN DAT

Chairman of the Board of Directors

Transaction name : CÔNG TY CỔ PHẦN KHOÁNG SẢN VÀ XÂY DỰNG BÌNH DƯƠNG
English name : BINH DUONG MINERAL AND CONSTRUCTION JOINT STOCK COMPANY
Abbreviated name : BIMICO
Headquarters : Binh Duong Highway, Hoa Lan 1 Quarter, Thuan Giao Ward, Thuan An City, Binh Duong Province, Vietnam.
Business Registration Certifcate: Business registration certifcate issued by the Department of Planning and Investment of Binh Duong province for the frst time on April 27, 2006 and has been supplemented and changed many times. The most recent change was on January 11, 2021.
Business code : 3700148825

To become a leading provider of construction materials, especially high quality construction stones, in the South East region by 2025.

To always innovate, expand resources and scale of operations, apply advanced technology, standardize products and services. To become a reliable partner of construction contractors, participate in the country’s key projects in the South East region.

- Unity
- Activeness
- Innovation
- Sustainable development

2021 is the year that the Company’s main area of operation is the Southeast region, which is heavily affected by the Covid-19 epidemic, causing the real estate and construction market to stall. However, with solid courage and ﬂexible solutions, BIMICO team overcame the challenges and achieved quite positive business results compared to the market, with revenue of 884.27 billion VND and proft after tax of 252.81 billion VND, equivalent to 90.3% of the plan.

Despite facing many diffculties due to the Covid-19 epidemic and stalled economic activities, BIMICO continued to have the successful year with net revenue of 1,322.5 billion VND, after-tax proft of 327.8 billion VND and owners’ equity is nearly 1,584 billion VND. BIMICO also constantly reaffrmed the position of a leading Company in the feld of mining minerals for construction materials; Honored to be awarded Top 10 Best Annual Reports for Mid Cap Companies Vietnam Listed Companies Awards and Outstanding Enterprise Award of Vietnam – ASEAN +3 in 2020.

KSB Investment Co., Ltd. was established to expand the industrial real estate segment. BIMICO also established KSB Kaolin Co., Ltd. to expand kaolin mining and processing activities.

BIMICO issued shares to pay dividends and issue ESOP shares to employees. The charter capital of Company was increased to over 537.80 billion VND.

BIMICO issued 23,400,000 new shares from owners’ capital, increased charter capital to 468 billion VND. Sales exceeded 1,100 billion VND; Celebrated the 25th anniversary of establishment, received 2nd Level Labor Medal; Started to produce VSI stone and artifcial sand replacing natural sand; Participated in providing construction materials for the highest building in Vietnam Landmark 81. KSB Industrial Zone Development Co., Ltd. was established with 300 billion VND of charter capital, strategic investment in the ecosystem of IZs.

From 24 to 26 February 2016, SCIC sold all its shares in BIMICO, and BIMICO became anon-state enterprise. Shares were held by companies, funds, employees and other shareholders. BIMICO proved itself as a leading company in the feld of mining minerals for construction materials.

In July 2015, BIMICO issued additional 5,400,000 shares from owners’ equity, raised charter capital to 234 billion VND, State capital (SCIC) holding of 50.05%.

On 9/3/2012, BIMICO accelerated charter capital for the second time to 180 billion VND, State’s capital holding of 50.5%.

In January 2010, the Company increased Charter capital to 107 billion VND, listed shares on HOSE with symbol KSB, and State’s capital holding of 50.5%.

BIMICO was officially approved with the registration of the public company by the State Securities Commission of Vietnam.

In May 2006, BIMICO was equitized with charter capital of 70 billion VND, and the State held 51% of the shares.

Binh Duong Mineral Exploiting and Exporting Company was renamed into Binh Duong Mineral and Construction Joint Stock Company under Decision No.179/2000/ QD-UB dated 29/12/2000 of Binh Duong People’s Committee; and this is the Company’s offcial name up to now.

When Song Be Province was divided into two provinces Binh Duong and Binh Phuoc, SONGBEMINEXCO was renamed into Binh Duong Mineral Exploiting and Exporting Company under Decision No. 568/QD-UB dated 01/03/1997 of Binh Duong People’s Committee.

BIMICO was established on 13/01/1993 under Decision No. 62/QDUB of the People’s Committee of Song Be Province, now Binh Duong province, formerly known as State-owned enterprise.

People are a crucial element of BIMICO’s sustainable value chain, a resource to help fulfll corporate responsibilities to shareholders and investors, environment, and society as well as the community. Focusing on HR development is considered as an important part of BIMICO’s goal of social responsibility – among the three core elements of the Company’s sustainable development strategy.