IDI AQUACULTURE CUSTOMER CONFERENCE 2024

In the context of the Vietnamese seafood export market continuously receiving very optimistic news from the US, China, the Middle East, and ASEAN. Recently, countries like the UK, Brazil, and Thailand have also increased imports of Vietnamese pangasius to meet year-end shopping demands. This presents a significant opportunity for the country's pangasius industry, as seafood enterprises race to seize this new momentum.

International Development & Investment Corporation (stock code IDI), , a key member of Sao Mai Group, has consistently ranked among Vietnam's top aquatic product processing and export companies. In 2024, IDI is one of six Vietnamese enterprises benefiting from a low anti-dumping tax rate (POR19) announced by the US Department of Commerce (DOC). This favorable tax policy paves the way for IDI to expand its market share in the US.

Earlier, in July, IDI signed a strategic partnership agreement to develop markets in the US and South America with PATAGONIA CUISINE LLC - ATLANTA, in Georgia. Both parties aim to build the "IDI brand" and strengthen their position for sustainable growth.

After a prolonged period of challenges due to the COVID-19 pandemic, IDI has made a strong recovery, demonstrating bold and robust steps in the post-pandemic era. The 2024 Customer Conference marks a pivotal moment as the company transitions from a preparation phase to a "final sprint" to accelerate growth.

And IDI has chosen LAMORI Resort & Spa (Tho Lam commune, Tho Xuan district, Thanh Hoa province, Vietnam) as the venue for this large-scale event, held from November 1 to 4, 2024, to map out crucial

The Conference highlighted that with a production capacity of about 100,000 tons of raw fish per year, in the first 10 months of 2024, IDI's total input reached nearly 90% of the plan, of which the linked farming model provided up to 80%.

This shows that the stability of this model over the years has brought good results for IDI to be completely proactive in prices and exploit the market in all circumstances.

With the principle "Product quality and corporate reputation build the brand," IDI's linked farming model consistently delivers high-quality and high-yield pangasius, earning widespread market recognition. IDI products are now available in 50 countries and territories worldwide.

High-quality fish products result from various factors, including experienced contract farmers, quality fingerlings, and superior feed. Sao Mai Superfeed, recognized as "the smart choice," is considered the key to success by farmers and customers alike.

Within the framework of the aquaculture customer conference, Sao Mai Superfeed Company focused on introducing a new product line called SMT24, with protein content and micronutrients suitable for the current market, helping farmers save costs but still achieve high yield and quality of commercial fish.

Specializing in pangasius feed, Sao Mai Superfeed offers products tailored to every growth stage, from fingerlings to market-sized fish. With a production capacity of 500,000 tons per year, Sao Mai Superfeed is poised to meet the surging export demand for pangasius. This initiative is a vital link in Sao Mai Group's closed-chain model, connecting farming, processing, and export.

According to the plan, IDI is implementing a high-quality seed center; building the Hoa Ky seafood processing plant (also known as the third factory) with an investment of nearly VND 1,000 billion, a capacity of 120 tons/day, and an expected frozen fillet output of 20,000 tons/year.

Although seafood exports have many bright spots, they continue to face many difficulties due to the uncertain global economy. However, with proactiveness, flexibility in grasping the situation and proposing many positive solutions to respond to the complex developments of the consumer market.

IDI continues to modernize its management processes, enhance product quality, adopt advanced and eco-friendly production technologies, and ensure food safety while lowering costs to improve competitiveness. IDI is determined to achieve its ambitious goal of a 276% profit growth, as outlined in the 2024 Annual Shareholders' Meeting.