VREC (Vietnam Rare Chemicals Joint Stock Company) was established as a key overseas base for Daiichi Kigenso Kagaku Kogyo Co., Ltd., a leading global manufacturer of zirconium compounds headquartered in Japan. Zirconium compounds exhibit various properties such as heat resistance, wear resistance, and chemical resistance depending on the manufacturing method, combined materials, and crystal structure. Currently, our main business is the production of automotive exhaust gas purification catalysts in the automotive components field, removing harmful substances from exhaust gas, and we are proud to have a global market share of approximately 40%. In addition, zirconium compounds are widely used in fields where demand is expected to increase in the future, such as electric vehicles, smartphones, and fuel cells, as well as in dental materials applications. VREC's main product is “zirconium intermediate,” which is essential for the production of zirconium compounds. The coastal area of Vietnam has a large reserve of zircon sand (raw material). We deeply process this raw material using environmentally friendly, high-tech technology and supply it to our parent company in Japan. *According to our company’s research. Company Name: Vietnam Rare Chemicals Joint Stock Company Address: Lot C1, Phu My 3 Specialized Industrial Park, Phuoc Hoa Ward, Phu My Town, Ba Ria – Vung Tau Province, Vietnam Legal Representative: Kodama Keita Date of Establishment: March 2012 Charter Capital: 808.6 billion VND Products: ZIRCONIUM OXYCHLORIDE Number of Employees: 87 (as of December 2022) Vietnam Rare Chemicals Joint Stock Company (VREC) has been promoting the establishment of environmentally friendly and safe production processes, efficient resource utilization of mineral resources, employee training, and localization since its establishment in 2012. Since August 2023, the new factory built in Phu My 3 Industrial Park, Ba Ria Vung Tau Province, has been in operation to enhance production capacity and expand business with intermediate products and other zirconium compounds. Daiichi Kigenso Kagaku Kogyo (DKK), our parent company, began manufacturing zirconium compounds after its founding in 1956. With a corporate philosophy of contributing to society, DKK has continuously pursued being a leading manufacturer.