About LUKS GROUP (VN) Company

Lu's Group's main business and assets are located in Vietnam. More than 95% of the Group's revenue comes from Vietnam, and about 75% of its non-current assets are located in Vietnam. The Group is mainly engaged in infrastructure and real estate-related businesses in Vietnam, including cement business, property investment and real estate development business. History and development The Group began investing in the Vietnamese market in 1991. Prior to investing in Vietnam, the Group was a pioneer in investing in the Chinese market as early as 1979 when China began opening up its market; the Group also formally established a production base in China in 1982 to manufacture televisions and television components. Benefiting from the rapid development of the Chinese economy at the time, the Group also grew rapidly and was listed on the Hong Kong Stock Exchange in 1987. At the beginning of the 90s, it was anticipated that competition in the Chinese market would intensify, especially in the electronics industry. Management understood that the Group would diversify its investment into different industries and/or different regions at the right time. After years of studying other Asian countries, management discovered that Vietnam is like an unmined gemstone. It has rich resources and huge potential, and is very similar in many ways to China's early opening in the 1980s. Why Vietnam A country located in Asia with a land area of about 330,000 square kilometers, more than 1,600 km of coastline, and a population close to 0.1 billion, may be reminiscent of Japan. But if it has the youngest population in Asia, and the average national income in terms of population is only 1,130 dollars (in 2010), then it is Vietnam. Vietnam is a very rich country in terms of real resources. It has rich natural resources, including oil, coal and various minerals, large hydroelectric potential, abundant agricultural products (rice and coffee are among the top three exporters in the world), and rich marine resources. With a population of over 87 million, it can not only become a huge market for various products, but also provide sufficient labor. In fact, Vietnam's labor costs are among the lowest in Asia. However, this does not mean that they are of poor quality; Vietnamese workers are generally rated as smart, hardworking, skilled, and have a relatively good educational foundation (over 90% of the country's literate population, according to official statistics). Perhaps due to the war and post-war baby boom, Vietnam has the youngest population in Asia. About 70% of the population is 15 to 64 years old, while the median population is only 28 years old. The Socialist Republic of Vietnam - From its name, it can be seen that its adopted political system and government structure are very similar to China's. Over the past 20 years, since the reform and opening up began in 1986 (called Doi Moi), it has always been very stable politically. This situation is particularly evident compared to other Southeast Asian countries. Although Vietnam's economy has experienced a number of ups and downs over the past 20 years, it is believed that after officially joining the WTO in January 2007, it was used as a catalyst to accelerate its economic growth and unleash its huge potential. Referring to China's rapid economic development since joining the WTO, there seems to be no reason why Vietnam's economic development will trend backwards in the future. Why Vietnam's infrastructure and property related businesses In developing countries such as Vietnam, management believes that when the economy begins to develop, the first wave of economic growth should be an industry related to infrastructure construction. Therefore, investment in infrastructure and property related businesses should be in an advantageous position to benefit from economic development. Strategy and goals Supported by stable income and cash inflows from the property investment business and cement business, the Group's development goal is to seize the opportunity to invest in the real estate development business in Ho Chi Minh City. The real estate development business strategy is to build mid-range to high-end residential apartments to meet the rising demand of the local middle class, and the number is growing rapidly along with the economic development.