VinFast Auto Ltd. (VFS) Earnings Call Transcript & Summary

Welcome to the 2026 Annual General Meeting of VinFast Auto Limited. It is now 8:30 p.m. is on time on June 26, 2026, and the meeting will come to order. We are holding this meeting virtually because we believe our virtual meeting provides expanded access, improves communication, enables increased shareholder attendance and participation and provides cost savings for our shareholders and the company. My name is Pham Nhat Quan Anh. In the capacity as Chairman, I will be presiding over this meeting. Pursuant to the Regulation 83 subsection 2 of the constitution of the company, the Chair has demanded for the resolutions being put to the vote of this Annual General Meeting be decided by way of home. This meeting is scheduled to last for 1 hour or less. I would like to introduce some of the people virtually attending this Annual General Meeting. Mr. Pham Nhat Vuong, our Chief Executive Officer and Director; Ms. Nguyen Thi Lan Anh, our Chief Financial Officer and Director; Mr. Ling Chung Yee, Roy; Mr. Tham Chee Soon; and Ms. Nguyen Thi Van Trinh from our Board of Directors; Ms. Anne Pham, our Deputy CEO of Investment; Mr. Kevin Collins, our General Counsel; Mr. [ Philip Ling ] from Ernst & Young LLP; and Mr. [ Antonio Zhu ] from Ernst & Young Vietnam Limited, the company auditors. We have adopted an agenda for our program this evening that is found on the virtual meeting portal that you have logged into. In accordance with the agenda, we will proceed as follows: First, we will conduct the official business of the 2026 Annual General Meeting. Following the presentation of the business of the Annual General Meeting, we will open the meeting to a question-and-answer session to address any questions received with respect to the business of the Annual General Meeting prior to the start of this meeting. Second, and the conclusion of the official business to proceed to the vote on the discussed proposals. Now I would like to invite Ms. Anne Pham to proceed with the business portion of this meeting.

Thank you, Mr. Quan Anh. We will now proceed to the business portion of this meeting. We have an affidavit from Continental Stock Transfer & Trust, our mailing agent, certifying that on or about June 10, 2026, each person whose name is entered into the registered members of the company as of the close of day being 11:59 p.m. Eastern Time on May 29, 2026 has been mailed a notice of this Annual General Meeting. And each person who holds share of the company in street name as of whom as participants in the depository trust company as of the close of day being 11:59 p.m. Eastern Time on May 29, 2026, has been mailed a notice of this Annual General Meeting. The notice of Annual General Meeting contains instructions on how to access the proxy statement as well as our 2025 Annual Report on Form 20-F for the year ending December 31, 2025, and our 2025 consolidated financial statements, which are reported and based under Singapore Financial Reporting Standards International and the Company's Act 1967 of Singapore for the financial year ended December 31, 2025, together with the Directors' statement and the Auditor's Report, have been made available online on the website stated therein and by furnishing a Form 6-K to the U.S. Securities and Exchange Commission. Continental Stock Transfer & Trust has examined the proxies received and reports that 2,290,881,053 votes or 97.92% of the total voting power entitled to vote at this meeting. Therefore a quorum is present, and this meeting may now proceed. The company has appointed Mr. Stephen Jones on behalf of VinFast Auto Limited to serve as Inspector of Elections for this meeting. He has taken the oath of Inspector of Elections and will tabulate the results of the voting. In order to facilitate the business of this meeting, we intend to [ carry ] to the following quarter of business. Each of the matters to be acted upon by the shareholders today will be presented in the order set forth in the proxy statement. The actual vote on each item will, however, be deferred until all of the matters directed upon have been presented. Our Board of Directors recommends you vote for each of the ordinary resolutions tabled for approval at this meeting. Each of our Directors will, however, be abstaining from voting on the resolutions of the Compensation Committee and the Board in relation to the making of annual recommendation arm and approval of emoluments payable to themselves or himself individually. In accordance with the terms of the Compensation Committee Charter and the constitution of VinFast. Mr. Pham Nhat Vuong and Mr. Pham Nhat Quan Anh have also abstained from voting on resolution of the Nominating and Corporate Governance Committee and the Board in relation to the making of any recommendation on and approval of Mr. Pham Nhat Quan Anh to reelection as a director. I will now invite Ms. Nguyen Lan Anh to continue the next part of the meeting. Lan Anh, please?

Thank you, Anne. The first order of business is the proposal to asses the payment operative involvement for the financial year ending 31st of December 2027. This specific resolution is set forth in the Notice of the Annual Meeting and is further elevated after the proxy statement. The second item of business is the proposal to reappoint Ernst & Young LLP and Ernst & Young Vietnam Limited as the company's auditors for the financial year ending 31 December 2026, and to optimize the latest to fix each of the remuneration. The specific resolution is set forth in the Notice of the Annual General Meeting and is further elevated upon the proxy statement. The next one to be voted upon the receipt and adoption of the Director's statement and the consolidated financial statement prepared in performance of the provisions of Singapore Company Act 1967 and the Singapore Financial Reporting Standards for the financial year ended December 31, 2025, which we will refer to the 2025 SFRS Financial Statements, together with the Auditor's Report thereon. The specific resolution in set forth in the Notice of the Annual General Meeting and is further elevated upon the proxy segment. The next order of the business as proposal to reelect Mr. Pham Nhat Quan Anh as Director. The specific resolution is set forth in the Notice of Annual General Meeting and is further elevated upon the proxy statement. Mr. Mr. Pham Nhat Quan Anh was officially appointed as a Director on November 20, 2025 and Chairman of the Board on May 21, 2026. If the resolution is to appropriate reelection as the Director is passed, he will also continue to serve as Chairman of the Board. The final item to be vote upon this resolution regarding the Board's authority to issue company's share. The specific resolution is set forth in the Notice of the Annual General Meeting and is further elevated upon the proxy statement. Since there are no other proposals for business to be transacted at this meeting, we will now proceed to answer questions from our shareholders that we have received on the virtual meeting portal prior to this meeting. We have not received any questions from the shareholders.

Thank you, Lan Anh. We will now proceed to vote on the previously discussed proposals. It is now 8:41 PM Eastern Time and a poll for voting on each matter to be voted on at this time are now open as directed by Mr. Mr. Pham Nhat Quan Anh as our Chairperson. Any shareholder who has voted may do so by clicking on the Voting button on the web portal and following the instructions there. Shareholders who have sent in proxies or voted via Internet do not need to take any further action. I will now pause. [Voting]

Thank you. Now that everyone has had the opportunity to vote, it is now exactly 8:43 p.m. Eastern time and Mr. Mr. Pham Nhat Quan Anh as the Chairperson declares the calls for VinFast 2026 Annual General Meeting closed.

The results I am about to report are considered preliminary and are subject to final tabulation and the vindication by the Inspector of Election. On Resolution 1, preliminary results indicate that the shareholders are in favor of approving the payments of appraises involvement for the financial year ending December 31, 2027. On Resolution 2, preliminary results indicate that the shareholders are further approving the reappointment of Ernst & Young LLP and Ernst & Young Vietnam Limited as auditors of the company for the fiscal year ending December 31, 2026, and also rising the Directors of the company to fix each of their remuneration. On Resolution 3, preliminary results indicate that the shareholders are in favor of approving the receipt and adoption of the joint statement 2025 SFRS Financial Statements together with the Auditor's Report. On Resolution 4, preliminary result indicate that the shareholders are in favor of approving the reelection of Mr. Mr. Pham Nhat Quan Anh as a Director, who is retiring in accordance with the Regulation 110 of the Constitution of the Company. And the Resolution 5, our preliminary results indicate that the shareholders are in favor of approving regarding the Board's authority to issue company's share as of this point in the Notice of the General Annual General Meeting and we have been further elevated upon the proxy segment. The final voting results of this Annual General Meeting will be disclosed in the current report on Form 6-K filed with the U.S. Securities and Exchange Commission at least after this Annual General Meeting.

Thank you all for coming. This concludes our 2026 Annual General Meeting.