HO CHI MINH CITY, July 1, 2026 – Dien May Xanh Investment Joint Stock Company (DMX) has completed its initial public offering (IPO), successfully raising more than VND 13,315 billion (over US$500 million). The transaction will lift DMX’s charter capital to more than VND 12,677 billion, reinforcing its position as the market leader in Vietnam’s mobile phone and consumer electronics (CE/ICT) retail sector by capital scale. DMX shares are expected to begin trading on the Ho Chi Minh City Stock Exchange (HOSE) in August 2026.

Offering Results and Charter Capital Structure

On June 30, 2026, the Board of Directors of Dien May Xanh Investment JSC issued Resolution No. 14/NQ/HĐQT/ĐMX-2026, approving the results of the initial public offering. A total of 166,438,500 shares were successfully allocated (equivalent to 93% of the offered volume and representing 13.1% of the Company’s voting shares after the offering) to 2,646 investors.

In finalizing the allocation, the Board of Directors approved the further allocation of part of the 13,386,900 shares that remained unsold. Accordingly, Mr. Robert Alan Willett, a member of the Board of Directors, subscribed for 325,000 shares at VND 80,000 per share, for a total value of VND 26 billion; these shares are subject to a one-year transfer restriction from the close of the offering in accordance with regulations. The remaining 13,061,900 unsold shares were cancelled and not counted toward the Company’s charter capital.

At the IPO price of VND 80,000 per share, the actual proceeds from the transaction reached more than VND 13,315 billion (over US$500 million). The completion of the IPO will raise DMX’s charter capital from VND 11,013 billion to VND 12,677 billion, corresponding to 1,267,722,000 shares outstanding – a scale that secures DMX’s position as the CE/ICT retailer with the largest charter capital in the market.

A High-Quality Shareholder Base with Strong Institutional Participation

The offering results further confirm DMX as one of the most closely watched transactions on the stock market, drawing the participation of nearly 30 institutional investors representing close to 60 domestic and foreign investment funds, alongside nearly 2,600 individual investors. These financial institutions absorbed up to 90% of the total registered volume; of which foreign institutional capital played the leading role at 73%, with domestic institutions accounting for 17%.

With 90% of the volume held by institutional investors and long-term funds, DMX’s shareholder base is regarded as high in quality. This reflects institutional investors’ long-term confidence in the business and helps mitigate short-term profit-taking pressure once the shares begin trading. Following the IPO, Mobile World Investment Corporation (ticker: MWG) holds nearly 86% of DMX’s charter capital.

This is a notable outcome, as the transaction – exceeding half a billion US dollars in size – was executed during a period of heightened market volatility, marked by intensifying net selling by foreign investors. Despite this backdrop, major international capital still chose to invest in DMX.

Business Fundamentals and Growth Drivers

The foundation for the successful IPO is Dien May Xanh’s steady business growth. In the first five months of 2026, consolidated net revenue reached more than US$2 billion (VND 54,644 billion), up 33% year-on-year and completing 45% of the full-year plan after only 5 of 12 months.

This growth was driven entirely by deeper market penetration, with same-store sales growth (SSSG) maintained at 33% while no new stores were opened in Vietnam during the period. In Indonesia, the Erablue chain reached 245 stores, with revenue up 93% year-on-year.

On the back of this momentum, DMX is on track to exceed its 2026 plan, with revenue and net profit after tax projected to grow 30% and 50% YoY, respectively. This provides the foundation for DMX to deliver on its commitment to pay a cash dividend of VND 4,000 per share immediately after listing, equivalent to a 5% dividend yield on the IPO price.

View the full at Board resolution on The IPO Results