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PC1 - New projects to support solid long-term outlook - AGM Note

We attended PC1’s AGM on April 26, 2018 in Hanoi. The company guided 2018 revenue and NPAT growth of 79% and 94%, respectively, which are in line with our forecasts. Q1 results completed 22.3% and 23.4% of our full-year revenue and NPAT forecasts, respectively, for core businesses. Shareholders approved a stock dividend ratio of 100:15 for FY2017 while PC1 proposed a stock dividend ratio of 100:20 for FY2018.