Novaland Ends Land Transfer Deal of Nearly 3,000m2 from Mr. Bui Thanh Nhon and His Wife in Thu Duc City

Nova Land Investment Group Corporation (stock code: NVL) has announced the termination of the land transfer transaction of 2,950m² at 14B Tran Ngoc Dien Street, Thu Duc City, Ho Chi Minh City with Mr. Bui Thanh Nhon and Ms. Cao Thi Ngoc Suong. The compensation contract signed on December 15, 2007 will also be terminated. The company will recover a minimum amount of 426 billion VND from the transferor and is responsible for handing over the premises to them. NVL shares increased by 20%, reaching 10,800 VND on April 23. Novaland has also announced its 2025 business plan with two scenarios: A positive scenario projects revenue of 13,411 billion VND, with a loss of 12 billion; while the second scenario estimates revenue at 10,453 billion VND with a loss of 688 billion. The company commits to issue land use rights certificates to 7,000 households by the end of 2025.