Construction progress updated in June 2023 - TOYO INK COMPOUNDS Vietnam Factory Project Phase 3

At the end of June 2023, INVESTCORP 10 completed the floor beams on the 3rd floor of the factory area and is proceeding with the construction of plastering of the 1st floor, and painting of the ceiling beams of the 2nd floor. The Company has also carried out connection work and roofing of the warehouse, and painting the powerhouse.

It is expected that in July 2023, INVESTCORP 10 will carry out pouring concrete of roof beams; building and plastering the 2nd and 3rd floors and painting the ceiling beams on the 2nd and 3rd floors; erecting and connecting the warehouse with the factory, and installing corrugated iron roof and corrugated iron walls. In addition, the Company will also carry out plastering work in the existing factory area; finish painting the powerhouse to hand over to the Investor.

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