We attended DXG’s annual general meeting (AGM) on May 30, 2020. Shareholders approved 2020 guidance with net revenue of VND4.9tn (USD213mn; -16% YoY), and NPAT-MI of VND1.0tn (USD50.0mn; -15% YoY). This guidance is equivalent to 98% and 110% of our respective forecasts.