NAM LONG GROUP (HOSE: NLG) & ANABUKI SERVICE HOUSING RECEIVED THE TELEGRAPHIC CONGRATULATION OF JAPAN PRIME MINISTER - SHINZO ABE, ON THE SIGNING OF STRATEGIC COOPERATION CEREMONY

On November 24^th, 2017 at Gem Center, Nam Long Group (HOSE: NLG) officially announced a new strategic partnership with Anabuki Housing, one of the leading Real Estate Management companies in Japan. This event has obtained a special attention of Japan Government. Japan Prime Minister, Shinzo Abe, has delivered a telegraphic congratulation on the cooperation between the two corporations of two nations.

According to the agreement, Anabuki Housing Service, Nam Long Group and Okamura will contribute at 65%, 31% and 4% respectively to set up a joint venture to deliver the first Japanese-quality real estate management service package in Vietnam, targeting at residential and commercial properties-. The partnership with Anabuki Housing Service has extended the porfolio of foreign partners and shareholders, a strength of Nam Long Group in its 25 years of establishment. Nam Long’s partners are strong Japanese corporations with hundreds years of experience in real estate development and management who have been together with Nam Long offering purchasers new experiences of management services of apartments, commercial buildings, equipment repair and installation, call center 24/24, apartment rental and other services to support home buyers during their residency at Nam Long’s properties.

Mr. Truong Tri Nhan (Chairman of Nam Long Service) and Mr Shingu Akihiro (President Director of Anabuki Housing Group) shake hands after signing the cooperation between the two corporations

Mr. Shingu Akihiro, Anabuki Housing Service representative, said “In Hochiminh City, the management and legal services have not yet been sufficient regardless of 40,000 apartment units supplied to the market each year. This situation also happened in Japan. Previously, there used to be problems arising from the insufficiency in property management, such as the increase of slums, hazards and accidents as well as the fast degradation of apartment buildings. Based on the lesson, Anabuki Housing Service wants to contribute to improve the living environment of Vietnamese residents. In the course of looking for a partner, we found Nam Long a trusted company specializing in affordable housing, a potential market segment having the same concern about property management. We believe that our partnership with Nam Long will contribute to improve the quality of property management service in Vietnam.

Mr. Omori Daisuke (Vice Director of Anabuki Housing Group) read the telegraphic congratulation of Japan Prime Minister, Shinzo Abe

Mr. Steven Chu – CEO of Nam Long - believes that the partnership with Anabuki Housing Services will help Nam Long strengthen the last link Nam Long’s property system of 15 member companies who undertake each stage of the property development, from land development, construction, project management to sales and after sale services. Nam Long continuously innovates each stage of its services for a sustainable growth.