Amid an economic and financial market environment demanding rigorous selectivity from investors, Binh Duong Water - Environment Corporation - JSC (BIWASE) has made a strong mark by completing a public offering of 31.4 million shares to existing shareholders, achieving a 100% subscription rate on September 21, 2026, at a price of VND 37,000 per share. This offering was not only successful in terms of absorption rate but also raised capital of up to VND 1,162.5 billion. This serves as clear evidence of the company's inherent appeal and proof of the sustainable growth of a leading enterprise in the water and environment sector.

The key prerequisite behind this breakthrough success is the solid reputation and brand that BIWASE has diligently built over the years. This trust did not come naturally -it stems from a foundation of transparent corporate governance and an operating strategy consistently tied to the practical interests of shareholders. Over many years, BIWASE has stood out as one of the few listed companies to maintain regular annual cash dividend payments. This reflects a healthy financial foundation and stable business cash flow. The company's leadership has always placed the safety and profitability of shareholders' capital as a top priority. It is precisely this consistency in remuneration policies and outstanding project execution capability that has built a solid foundation of trust. As a result, as soon as the offering was announced, the community of existing shareholders showed strong consensus and support by quickly registering to purchase the entire additional share issuance.

The successful mobilization of VND 1,162.5 billion serves as the direct resource to kick off a new growth cycle with far-sighted investment strategies. In line with the Resolution of the 2026 Annual General Meeting of Shareholders, this entire capital flow is tightly allocated to three strategic objectives. Specifically, capital will be prioritized for the M&A deal to acquire shares in Ninh Thuan Water Supply JSC, aiming to rapidly expand its operational footprint. Next is investment in a 24MW waste-to-energy power plant project, aimed at increasing waste treatment capacity and further promoting the circular economy model. The remainder will be used to pay off bank loans and debts owed to credit institutions that are due, helping BIWASE optimize its financial structure, strengthen its reserve capacity, and create a solid springboard to continue meeting the increasingly high demand for development investment in industrial parks and urban areas.

The results of this carefully calculated investment strategy have delivered impressive added value and benefits, sustained a strong growth trajectory, and further strengthened the foundation of shareholder trust. The success of this offering also affirms BIWASE's strength and standing as an enterprise honored in the Top 100 Private Enterprises with the Largest State Budget Contributions in Vietnam 2026, the Top 50 Best Listed Companies in Vietnam, and the Top 50 ESG-Leading Enterprises in Vietnam 2026 as voted by FORBES, along with numerous other prestigious awards and titles.