On June 24, 2026, the 2026 Annual General Meeting of Shareholders (AGM) of Phuong Nam Petroleum Transportation Joint Stock Company (PVTRANS-SPT) was solemnly and successfully held on the 6th Floor, Phu My Building, 43 Mac Dinh Chi, Ho Chi Minh City, in the form of direct and online. The congress approved the entire agenda, establishing strategic directions for 2026 and the next period.

◆  I. OUTSTANDING RESULTS 2025 – SOLID FOUNDATION

In 2025, in the context of the global shipping market witnessing many major fluctuations – from geopolitical pressures in the Red Sea, rising operating costs, to the increasingly stringent environmental regulations of the IMO – PVTRANS-SPT has persistently overcome difficulties, recorded impressive financial results and deserves to be cherished.

1. Financial results exceeded profit plans

The implementation results in 2025 show that total revenue will reach VND 1,449 billion, equivalent to 93% of the plan (plan of VND 1,550 billion). Profit before tax reached VND 107 billion, equivalent to 138% of the assigned plan (plan of VND 78 billion). Although the revenue did not meet the plan, the Company still ensured operational efficiency and exceeded the profit target by being proactive in operating and exploiting, controlling costs and optimizing fleet efficiency.

2. Effective investment

The year 2025 marks an important step when the Company completes the investment and puts into operation the oil tanker SPT Themis (IMO 9457385) – an MR ship with a tonnage of 50,286 DWT, built in Korea, with a total investment of about 572 billion VND (equivalent to 21.6 million USD). BIDV Bank – Trang Tien Branch is the loan sponsor with a value of VND 393.65 billion. The entry of SPT Themis contributes to significantly improving the size and capacity of the fleet, creating momentum for sustainable revenue growth.

3. Maritime safety without serious incidents

Throughout 2025, PVTRANS-SPT will technically manage 06 vessels operating in the international market. The entire fleet had no occupational accidents, no serious maritime incidents, and no ships were detained through PSC inspection. The percentage of days of operation of ships remained at a high level, with the majority of ships reaching over 98% of the days of operation. International regulations on MARPOL, SOLAS, ISPS, MLC 2006 and ISM Code are fully compliant; 100% of vessels maintain valid certificates.

4. Human Resources & Corporate Culture

By the end of 2025, the Company has 273 employees, including 53 office staff and 220 seafarers. The company has focused on training, transparent recruitment, building a cohesive corporate culture, fully fulfilling policy obligations to employees – creating a solid human resource foundation for long-term development.

5. Shareholder Relations

In 2025, the Company has paid dividends for the first time at the rate of 10% of charter capital, contributing to demonstrating its commitment and obligations to shareholders.

◆  II. 2026 PLAN

With the accumulated foundations, the 2026 General Meeting of Shareholders has officially approved the production and business plan showing the determination to continue sustainable growth:

1. Financial targets 2026

2. Investment plan 2026

The General Meeting of Shareholders approved the policy of investing in an additional product tanker with a tonnage of about 45,000–54,999 DWT or an oil/chemical tanker of about 19,000–25,000 DWT, with a total expected investment of 33.50 million USD (of which equity is 10.40 million USD and loan capital is 23.10 million USD). This is a strategic step to improve competitiveness and catch up with market opportunities.

3. Dividend payment plan in 2026

The General Meeting of Shareholders approved the plan to pay cash dividends at the rate of 10% of charter capital, this is also the 2nd consecutive year that the Company has paid dividends, affirming its sustainable commitment to sharing value with shareholders.

4. Key tasks in 2026

• Maintain domestic transportation market share, continue to transport product oil for PVOIL from Dung Quat and Nghi Son Refineries.
• Expand the maritime service chain (operation management, technical management, crew center, logistics) – aiming for new service revenue to account for at least 5% of total revenue.
• Develop a plan to sell PVT Iris ships when the market is favorable, restructure the optimal asset portfolio.
• Plan the capital structure and register for UPCOM trading when meeting all conditions – moving towards a transparent public company model.
• Promote digital transformation, innovation and application of AI technology in operation management, creating new growth drivers.
• Continue to build a cohesive corporate culture, focusing on training and developing high-quality human resources, especially seafarers and middle managers.

◆  III. PERSONNEL OF THE BOARD OF DIRECTORS FOR THE TERM 2026 – 2031

–  The General Meeting conducted the election of Members of the Board of Directors for the term 2026 – 2031. The new Board of Directors is expected to continue to promote its strategic leadership role, ensuring the stability and sustainable development of the Company in the next important period.

– Composition of the Board of Directors for the term 2026 – 2031:

▸Mr. Nguyen Dinh Thanh   – Chairman of the Board of Directors

▸ Mr. Nguyen Ngoc Linh   – Member of the Board of Directors / Director

▸ Ms. Huynh Thi Hong Hanh   – Member of the Board of Directors

▸ Mr. Pham Xuan Quang   – Member of the Board of Directors

▸ Mr. Nguyen Thien Thong – Member of the Board of Directors

▸ Mr. Amirul Azhar Bin Baharom – Member of the Board of Directors

◆  IV. STRATEGIC ORIENTATION – VISION 2026 AND FUTURE

In the context of the global shipping industry shifting towards a green and sustainable trend, PVTRANS-SPT’s Board of Directors has identified long-term strategic tasks including: standardizing processes according to international standards, laying the foundation for green transformation and digital transformation; fully comply with IMO (CII, EXI) and EU ETS regulations, ensuring continuous and stable mining.

In particular, the Company is committed to preserving and developing shareholder capital, maintaining a stable dividend policy, and at the same time building a roadmap to become a listed public company, opening up new horizons in partnerships and capital mobilization.

On behalf of the Board of Directors, the Supervisory Board and the entire Board of Directors, Phuong Nam Petroleum Transportation Joint Stock Company would like to thank the Shareholders for trusting, accompanying and contributing practical constructive ideas at the Meeting. The consensus and trust of Shareholders is the most important source of motivation for the Company to move forward steadily.