Diamond Properties continues to register divestment of Novaland stake

Diamond Properties JSC has filed to divest an additional 2.98 million NVL shares of Novaland Group (NVL) in the period from April 20 to May 19, 2026, aiming to balance its investment portfolio. If the sale is completed, the company’s holding would decrease from 170.04 million shares (7.61%) to 167.05 million shares (7.47%).

Diamond Properties continues reducing its NVL stake

Diamond Properties has been continuously selling NVL shares to reduce its stake in Novaland. In a recent transaction, a brokerage firm sold 426,135 NVL shares in a session on April 13, 2026 via match trading. After the trade, Diamond Properties’ stake fell from 170.46 million shares (7.62%) to 170.04 million shares (7.61%).

Earlier, from March 17 to March 19, 2026, Diamond Properties completed block trades totaling 930,800 shares of the 2.15 million NVL shares registered. The remaining trades were not executed due to a change in plan.

Diamond Properties is managed by Mr. Bùi Thành Nhơn, Chairman of Novaland’s Board.

Novaland to hold 2026 AGM on April 23

Separately, Novaland will hold its 2026 annual general meeting on the afternoon of April 23 at the Clubhouse — NovaWorld Phan Thiết Golf Club, Hơn Giồ - Thuận Quý, Tiến Hòa village, Tiến Thành ward, Lâm Đồng province.

2026 business targets and dividend policy

According to the newly released meeting materials, Novaland targets 2026 revenue of 22,715 billion VND and net profit after tax of 1,852 billion VND. This represents more than a threefold increase in revenue and a 0.5% lower profit compared with 2025 results.

For profit distribution, Novaland has no plan to pay dividends in both 2025 and 2026.

Share issuance proposals for 2026

On the share issuance plan, the report states that in 2025 the company did not implement private placement or debt-to-equity swaps approved by shareholders. The Board therefore recommends that the 2026 AGM approve continuing to implement and adjust these plans.

For private placement, management said it will continue to seek long-term investors aligned with the criteria for selecting investors. For the debt-to-equity swap option, the company said it has not yet reached consensus with bondholders, so it cannot proceed. The debt-to-equity swap option remains unchanged, while the private placement option is adjusted from 350 million shares to a maximum of 800 million shares. The intended timing is in 2026 or another date per the Board’s decision.

The issue price will not be lower than the twenty-trailing-day average closing price of NVL shares after and including the AGM approval date, and may be adjusted downward for events leading to price adjustments. Under the old plan, the issue price was set at 10,000 VND per share.

Novaland said the increase in the number of shares offered in private placement is intended to optimize the issue price and shareholder value, given the current stock market and financial conditions.

Board reshuffle at the AGM

Regarding personnel, Novaland’s meeting will dismiss three Board members whose terms expire: Chairman Bùi Thành Nhơn and two independent Board members, Phạm Tiến Vân and Hoàng Đức Hùng.

Novaland proposes that the AGM approve a five-member Board including one independent member. As a result, the meeting will elect two new Board members and one independent member. The remaining two Board members, Dương Văn Bắc and Phạm Thị Hồng Nhung, will continue their terms.