Regarding the impact of the new tax policy, Hoa Sen Group asserts that this measure will not affect its business operations in the coming period. This is because, since September 2024, the US Department of Commerce has initiated anti-dumping and countervailing duty investigations on exports of zinc-coated, cold-rolled, and color-coated steel products from Vietnam.

Due to the investigation and cautious customer sentiment, exports of coated steel to the US market have been temporarily halted since September 2024.

Despite the interruption in exports to the US since September 2024, the positive business results in the first eight months of the 2024-2025 financial year demonstrate Hoa Sen Group’s superior ability to adapt to market fluctuations, and US tariff policies have not affected the Group’s business operations.

Thus, after eight months of operation, Hoa Sen Group has exceeded the high-end profit plan for the 2024-2025 financial year by 13%. In the remaining months, Hoa Sen Group will continue to strive to complete the production and revenue plans and further improve after-tax profit results to bring the best interests to shareholders.

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