On March 18, 2025, at the PVI Digital Meeting Room, PetroVietnam Building, No. 1-5 Le Duan, Ho Chi Minh City; PVI Joint Stock Company held the first Board of Directors meeting of 2024 with the participation of PVI Board of Directors, Board of Management, Supervisory Board and representatives of member units, affiliated centers and related functional Divisions.

At the first Board of Directors meeting of 2025, the Board of Directors discussed and proposed important solutions to monitor and promote business activities in the first 2 months of 2025, strengthen governance, and improve the efficiency of financial investment activities. The Board of Directors discussed human resources at PVI and its member units in addition to updating on internal audit, compliance and risk management.

The Board of Directors highly appreciated the results achieved by the entire PVI system in 2024 and approved the business performance results for the whole year of 2024. Specifically, in 2024, the entire PVI system exceeded the plan for the targets of Revenue and Consolidated Pre-tax Profit assigned by the Board of Directors with the rates of 125.4% and 103.5% respectively. Consolidated revenue reached VND 21,824 billion, an increase of 35.7% over the same period last year, completing 125.4% of the annual plan. Although the forecast for the world and Vietnam's economic situation is not as positive as expected, and the entire Insurance market suffered heavy losses from the historic storm Yagi, the entire PVI system still strived to complete the 2024 Business Plan approved by the General Meeting of Shareholders.

PVI's consolidated business results include the operating results of its subsidiaries, PVI Opportunity Investment Fund and PVI Infrastructure Investment Fund. Insurance business, PVI's core business, still ensures strong growth, with original insurance revenue reaching VND 13,346 billion, completing 117.6% of the 2024 plan.

In the reinsurance sector: PVI's reinsurance placement activities also had strong growth in 2024 with a strategy to expand the international market on the principle of ensuring safety and efficiency with reinsurance revenue reaching VND 6,644 billion, completing 142.7% of the 2024 plan and growing 96.05% over the same period last year.

The financial market in 2024 recorded a slight increase in deposit interest rates despite the scarcity of investment opportunities. However, with the investment portfolio structure being flexibly adjusted since the beginning of 2024, PVI has been able to mobilize a relatively large amount of investment capital with favorable interest rates, ensuring the expected investment profit for the whole year of 2024. Consolidated investment activities brought in a gross profit of VND 851 billion.

During the meeting, the Board of Directors also discussed the work of senior personnel at PVI and its member companies, internal audit and risk management, preparation and documents for the 2025 Annual General Meeting of Shareholders at PVI and its member units were also discussed in the meeting.

Regarding governance, PVI will implement and improve management, compliance monitoring, transparent governance, and strengthen systemic risk management. At the same time, enhance professionalism in insurance/reinsurance business activities, invest in fund management based on the principles of effective business, capital preservation and sustainable growth, continue to maintain the leading position in the Vietnamese non-life insurance market in terms of operational efficiency.