VI.

BANKING RELATION
1. The Lessee
 Hereafter is CIC information as of 06/05/2024:

No POB
Credit
Lenders (USD) of Security
facility
loan/lease
Eximbank - Binh Tan
1 Mid term 52,724 - Vehicles: USD 146,498
Branch
Short term 1,340,350
ACB Bank – Binh Tay
2 - LURs of HNF Packaging: USD 2,308,638
Branch
Others 155,642
- LUR of Ms. Tien: USD 389,767
Short term 3,084,669 - LUR of Ms. Yen: USD 156,537
- LURs of Ms. Vu: USD 728,249
MB Bank - HCM
3 - LUR of Lessee: USD 707,860
Branch
- Vehicles: USD 35,564
Mid term 23,346
- Time deposit: USD 194,553
Sub total: USD 2,212,529
TP Bank - HCM
4 Mid term 24,475 - Vehicles: USD 55,447
Branch
Short term 744,125 - LUR of Lessee: USD 1,373,891
VP Bank – Gia Dinh
5 Mid term 24,747
Branch - Goods: USD 583,658
Long term 761,518
6 VILC Mid term 1,012,918 - Lease assets: USD 1,055,136
VCB Leasing - HCM
7 Mid term 233,346 - Lease assets: USD 153,268
Branch
8 Chailease Mid term 613,619 - Lease assets: USD 613,619

TOTAL: USD 8,502,686

- LURs: USD 5,664,942
- Goods: USD 583,658
TOTAL 8,071,479 - Time deposit: USD 194,553
- Lease assets: USD 1,822,024
- Vehicles: USD 237,510

(*) Receivables & inventories mortgaged at Techcombank - Dist3 Branch for working capital are not
shown value at CIC report, so MD cannot summarize this security amount. However, if excluding this
amount, O/B over collateral is 68.9 %.
(**) In May 2022, Hunufa has purchased an additional land lot at address 11E, Street 21, Quarter 1,
Binh Hung Hoa A Ward, Binh Tan District. The Lessee used this amount as collateral for a loan at UOB
arising during the year.
- Compared to the POB at 27/2/2023 at the 12th lease (USD 6,102,880), the POB at 10/5/2023 is USD
864,834 (+14%) higher because of additional short-term loans in 04/2023 at MB Bank and 03/2023 at
Techcombank to serve working capital.
- POB at 08/05/2023 compared to the end of 2022 increased by 14.69% (6,075,350 USD). To meet the
business needs of enterprises, Hunufa has made more short-term loans to serve its mobilized capital. The
results showed that Hunufa's VAT revenue in 2022 increased 1.56 times compared to the same period in
2021. ($13,479,950 compared to $8,613,993). Also in 05/2022, Hunufa invested in a new factory in Can
Tho city and SLB some machines for Chailease in July, August, November and December. Therefore,
making loans and finance lease liabilities increase 1.7 times compared in the end of 2021.
--> MD considers this POB of loans to be reasonable.
 CIC comments on credit history
CIC comments Occurred or not occurred
Bad debt within recent 5 years
Notable debt within 12 months
Not occurred
Loans sold to VAMC
Overdue payment to credit card within 03 years

 Off-balance commitment as of 06/05/2024

No. Financial Institution Amount Currency Debt group
1 MSB - Cong Hoa Branch 150,578 USD 1
2 Eximbank – Binh Tan Branch 2,996 USD 1
3 MB Bank – HCM Branch 166,300 USD 1
TOTAL 319,874 USD
(*) 15.3% POB of Hunufa comes from off-balance commitment. Off-balance activities are letters of credit
(L/C) for importing input materials (paper, aluminum)
2. Guarantor – Mr. Nguyen Hong Vu
 There is CIC information about credit relationship of Guarantor – Mr. Nguyen Hong Vu as of
06/05/2024:
Lenders Credit Limit POB Currency Security
Nguyen Hong Vu
3,891 1,362
(CIC: 7932273653) USD -
TOTAL 3,891 1,362

>>> All POB of Mr Nguyen Hong Vu are classified as normal, no bad debt occurred.
3. Packaging HNF Co., Ltd – the related company
 Hereafter is CIC information as of 06/05/2024:

Credit
Lenders POB Security
facility
ACB Bank – Binh Tay - LUR of HNF Packaging (Duc Hoa, Long
Long term 680,156
Branch An): USD 2,308,638
TOTAL 680,156 TOTAL: USD 2,308,638
 O/B over collateral: 29.46%
 CIC comments on credit history
CIC comments Occurred or not occurred
Bad debt within recent 5 years
Notable debt within 12 months
Not occurred
Loans sold to VAMC
Overdue payment to credit card within 03 years

4. Hung Nguyen Phat Co., Ltd – the related company

 They have no balance at CIC report as 06/05/2024:
 CIC comments on credit history
CIC comments Occurred or not occurred
Bad debt within recent 5 years
Notable debt within 12 months
Not occurred
Loans sold to VAMC
Overdue payment to credit card within 03 years

Summary of POB of 2 relating company with the Lessee

Company POB (USD) Security

TOTAL: USD 8,502,686
- LURs: USD 5,664,942
HUNUFA Co., Ltd - Goods: USD 583,658
8,071,479
(Lessee) - Time deposit: USD 194,553
- Lease assets: USD 1,822,024
- Vehicles: USD 237,510

Packaging HNF Co., - LUR of HNF Packaging (Duc Hoa, Long An): USD
680,156
Ltd 2,308,638

TOTAL 8,751,635 TOTAL: USD 10,811,324