HWASEUNG Enterprise is a signatory of the UNFCCC Fashion Industry Charter for Climate Action and committed to reduce 50% of GHG emissions by 2030 over 2020 baseline. It is also committed to source 100% renewable energy for its manufacturing operations by 2030. Translating commitment into action, HWASEUNG Enterprise has signed the Power Purchase Agreement (PPA) with CN Green Roof Asia (CN GRA) in April 2023 and completed the installation of an RTS at Unipax Vi Thanh as detailed below;  Capacity of RTS is 0.89 MWp  Annual Renewable Energy generation of 1231 MWh  Annual Carbon emission off-set of approx. 1,041 tCO2  Carbon saving is equivalent to 3,480 trees planted On this occasion of putting the RTS into operation on 25th December 2023, Mr. Darren Hamilton, ECOO of Apparel & Accessories said, “Sustainability is integral to HWASEUNG Enterprise and it is fully committed to Decarbonization of its operations. We will continue to secure renewable energy from all possible options in current regulatory situation.” The renewable energy generation from this on-site RTS is expected to fulfill 50% of electricity demand of Unipax VT. In addition to renewable energy, Unipax VT is also implementing the energy efficiency measures to reduce the carbon footprint of operations. Mr. Kelvin Vuong, General Director of CNGRA added, “We are glad to contribute to HWASEUNG Enterprise on their Decarbonization journey and thankful to all stakeholders for supporting the successful commissioning of this on-site RTS at Unipax VT.” HWASEUNG Enterprise and CN GRA wishes all a Very Happy and Environment-friendly 2024! For further information please contact: Abhay Pathak – Senior Director Sustainability Email: abhay@hsvina.com Phone: +84 906290766

About HWASEUNG Enterprise
HWASEUNG Enterprise is a leading athletic footwear and headwear manufacturing group with
operations in Southeast Asia. Hwaseung Enterprise produces Footwear, Headwear and Apparel
Brands such as adidas, Nike, Lacoste, Decathlon and others. The company operates as a subsidiary
of Hwaseung Industries Co. Ltd. For more information:
http://www.hsenterprise.co.kr/eng/index.html.
About CNGRA
CN Green Roof Asia (“CNGRA”) is a joint venture between Climate Investor One (CIO) and Norfund,
set up to invest in commercial and industrial (C&I) solar projects in South-East Asia, particularly Vietnam
and Indonesia. CIO, managed by Climate Fund Managers, is a Dutch & EU-sponsored investment fund
for renewable energy infrastructure projects in emerging markets, while Norfund is an investment fund
owned by the Norwegian Government, designed to support Norwegian development policy