Sunshine Group subsidiary pledges assets for debt guarantee

Sunshine Group Joint Stock Company announced on October 4, 2025, that its board of directors passed Resolution No. 39/2025/SSG/NQ-HĐQT. This resolution approves Sunshine Tây Hồ Joint Stock Company, a subsidiary, to utilize its assets as collateral to guarantee the payment of debts owed by Thiên Hà Commercial Investment and Business Co., Ltd. to the Military Commercial Joint Stock Bank.

The assets committed as collateral include property rights arising from two housing purchase agreements dated April 2, 2025, between Nam Thăng Long Urban Area Development Co., Ltd. and Sunshine Tây Hồ. Additionally, land use rights for 175 low-rise units across plots TT-20 to TT-37 and CX-05 within the "Nam Thăng Long Urban Area" – Phase 2 project are also included. All rights and benefits from the sales contracts between Sunshine Tây Hồ and the homebuyers for these 175 units are also part of the collateral.

Mr. Do Anh Tuan has been authorized to oversee the implementation of this resolution, acting as the authorized representative for managing Sunshine Tây Hồ’s shares. The resolution came into effect on the date of its signing.