Disclosure of Information on the Resolution of the Board of Directors of Hanoi Re

Hanoi Reinsurance Joint Stock Corporation ("Hanoi Re") hereby announces Resolution No. 18/NQ-Hanoi Re dated July 1, 2026 of the Board of Directors regarding senior executive personnel. Accordingly, the Board of Directors has approved the extension of the term of office of Mr. Trinh Anh Tuan as Chief Executive Officer (CEO) of Hanoi Re until July 31, 2027, or until the Board of Directors issues another decision, whichever occurs first.  (View details)

Over the years, Hanoi Re has consistently focused on enhancing its corporate governance framework in line with advanced practices and international standards on transparency, accountability, risk management, and sustainable development. The Company has progressively strengthened its governance system in accordance with the OECD Principles of Corporate Governance, implemented IFRS 17 – Insurance Contracts, reinforced the oversight role of the Board of Directors, improved the quality of information disclosure, and enhanced internal control and enterprise risk management across its underwriting, investment, and operational activities.

In this context, the decision to extend the CEO's term of office aims to ensure continuity and stability in the Company's executive management, while also aligning with good corporate governance practices regarding the consistency between the Board's tenure and the appointment of senior executives. Under internationally recognized governance practices, a Board of Directors nearing the end of its term should generally avoid appointing senior executives for a period extending beyond its own remaining tenure. Decisions regarding senior executive appointments for the subsequent term should be made by the newly elected Board of Directors, thereby ensuring consistency in authority, accountability, and corporate governance direction.

Previously, at the 2026 Annual General Meeting of Shareholders (AGM), Hanoi Re's shareholders approved the election of two additional members to the Board of Directors for the 2026–2027 term, thereby aligning the tenure of the Board of Directors.

The Board of Directors highly appreciates and recognizes the significant contributions made by Mr. Trinh Anh Tuan throughout his two consecutive terms as Chief Executive Officer. Under the leadership of the Executive Management Team, with the CEO playing a pivotal role, Hanoi Re has maintained stable and efficient business operations, consistently achieved the targets approved by the General Meeting of Shareholders and the Board of Directors, and steadily strengthened its reputation, brand, and market position in both the domestic and international insurance and reinsurance markets.

During the past period, Hanoi Re has achieved a number of significant milestones, including:

• Maintained strong business growth during the 2021–2025 period, with total revenue growing at an average annual rate of nearly 17%, while profit before tax increased by approximately 14% per year. In 2025, the Company reported total revenue of VND 3,690.5 billion and profit before tax of VND 301.4 billion.

• Successfully increased charter capital to VND 1,044 billion and completed the corporate rebranding from PVI Re to Hanoi Re.

• Upgraded by AM Best in 2026, with the Long-Term Issuer Credit Rating (Long-Term ICR) raised from "bbb" to "bbb+", while the Financial Strength Rating (FSR) was reaffirmed at B++ (Good) with a Stable Outlook.

• Further strengthened the Company's enterprise risk management framework, governance reporting system, oversight mechanisms, and internal control processes across underwriting, investment, and operational activities.

• Successfully implemented IFRS 17 beginning in 2023, enhancing the transparency, comparability, and quality of financial reporting.

• Accelerated digital transformation across internal operations, moving toward a paperless working environment to improve productivity and corporate governance effectiveness. Hanoi Re also pioneered digital transformation in Vietnam's reinsurance market by proposing and implementing electronic transaction gateway agreements with numerous insurance companies. These innovation and digital transformation efforts were recognized with the Creative Labor Certificate awarded by the Vietnam General Confederation of Labour in 2023.

The extension of Mr. Trinh Anh Tuan's term as Chief Executive Officer reflects the Board of Directors' recognition of his valuable contributions over the past years, while ensuring continuity and stability in Hanoi Re's executive management until the newly elected Board of Directors considers and decides on senior executive appointments in accordance with its authority and good corporate governance practices.