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April 28, 2022

Masan Partners with Trusting Social to Accelerate Consumer-Tech Vision

Ho Chi Minh City, 28 April 2022 – Masan Group Corporation (HOSE: MSN, “Masan”) today
announced the closing of its USD65 million investment for 25% of Trusting Social Company
JSC, the Vietnam subsidiary of Singapore based Trust IQ Pte. Ltd. (“Trusting Social”). The
partnership with Trusting Social will accelerate Masan’s off-to-online (“O 2 ”) vision to provide
Retail and Consumer AI and fintech solutions to power its consumer-tech ecosystem.

Trusting Social delivers artificial intelligence (“AI”) and machine learning (“ML”) -led products to leading banks and finance companies, enabling them to provide consumption financing products to under-served consumers at scale. Today, Trusting Social's credit insights cover more than a billion consumers and are used by more than 170 financial institutions across Vietnam, Indonesia, India and the Philippines. Trusting Social is backed by Sequoia Capital, Beenext, Tanglin Ventures, 500 Startups, and Genesis Alternative Ventures. Through its partnership with Masan, Trusting Social aims to leverage its AI and ML platform to personalize offerings from essential, financial to discretionary needs for Masan’s consumers and to accelerate consumer tech vision.

Since establishing The CrownX in December 2019, Masan has been adding pieces to its “Point of Life” puzzle by expanding its portfolio of products and services to address consumers’ diversifying unmet needs and piloting its “mini mall” concept for greater convenience and accessibility. The partnership with Trusting Social further expands Masan’s consumer tech capabilities with AI and ML consumer solutions to accelerate Masan’s O2 transformation to meet consumer’s need for personalization, convenience, and accessibility.

Masan Group CEO, Danny Le said, “Walmart has invested heavily to develop an AI and ML
platform and has leveraged it to become the leading offline and online daily, consumer life
platform. The Trusting Social partnership provides Masan a similar cutting edge AI and ML
platform but tailored for 100 million Vietnamese consumers. Our job together now is to
develop it from a pure credit scoring use case to a holistic Consumer engine.”

In the short term, this partnership will drive the consumer tech ecosystem of Masan, cost efficiencies and business value across Masan’s core business activities including retail store selection, demand & supply planning,
product assortment, commercial sales & marketing and product development. Over the long-
term, an AI and ML platform will enable Masan to deliver financial solutions to the unbanked
consumers, a personalized loyalty offering, and convenient access to goods via off and
online grocery and smart supply chain.

Founder and CEO Nguyen Nguyen, PhD. said, “I am proud that a Vietnamese platform has
been able to create a credit scoring AI and ML platform that financial institutions across Asia
are utilizing to serve their consumers better. The partnership with Masan is exciting as we
broaden our platform from credit access to a total consumer life solution. We believe Masan
and Trusting Social have the same belief that Vietnam can create transformation and
disruption on par with global peers.”

MASAN GROUP CORPORATION

Masan Group Corporation (“Masan” or the “Company”) believes in doing well by doing good. The Company’s mission is to provide better products and services to the 100 million people of Vietnam, so that they can pay less for their daily essentials. Masan aims to achieve this by driving productivity with technological innovations, trusted brands, and focusing on fewer but bigger opportunities that impact the most lives.

Masan Group’s member companies and associates are industry leaders in branded fast
moving consumer goods, consumer tech platform, branded meat, modern retail, F&B retail, financial services,
telecommunications, and value-add chemical processing, altogether representing segments
of Vietnam’s economy that are experiencing the most transformational growth.

TRUSTING SOCIAL

TS is an AI TechFin company aspiring to democratize financial services through AI-based
consumer insights and embedded finance. TS drives financial inclusion by providing credit
insights covering over a billion consumers to over 170 financial institutions across Vietnam,
Indonesia, India, and the Philippines. TS has reinvented co-lending into a profitable, win-win
model, partnering with pioneering banks and consumer brands to deliver disruptive financial
products to underserved consumers wherever they shop. Trusting Social is backed by
Sequoia Capital, BEENEXT, Tanglin Ventures, 500 Startups, Kima Ventures and Genesis
Alternative Ventures, amongst others.

CONTACTS:

Investors/Analysts
Tanveer Gill
T: +84 28 6256 3862
E: [email protected]

Media
Van Pham
T: +84 90 9216 292
E: [email protected]

This press release contains forward-looking statements regarding Masan’s expectations, intentions or strategies
that may involve risks and uncertainties. These forward-looking statements, including Masan’s expectations,
involve known and unknown risks, uncertainties, and other factors, some of which are beyond Masan’s control,
which may cause Masan’s actual results of operations, financial condition, performance, or achievements to be
materially different from those expressed or implied by the forward-looking statements. You should not rely upon
forward-looking statements as predictions, future events or promises of future performance.

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