Any investment in VSP is intended for the parent (or holding company) to then distribute funds to Sportstel their subsidiary, and is disclosed to any interested parties as a related-party transaction. In terms of the legal structure, VSP is the entity that legally holds the rights to the assets of Sportstel.

The information within this ‘executive brief’ document is from our company’s financial modeling and assumptions sourced from statistical information from the official Vietnam National Government agencies website, and existing Decree No. 06/2017/ND-CP and Congress Document No. 14869/BTC-DCTC, dated 24 September 2025.  
                                                                                                     
This presentation contains certain statements and opinions concerning the future financial returns, plans, and expectations with respect to the business and management of the company, future growth and profitability, and Vietnam’s general economic and regulatory environment and other matters affecting the company, especially in terms of any international betting business laws and regulations, as our forward-looking estimates and forecasts derived from our studies may prove to be inaccurate if there are changes in the Vietnam betting business landscape and/or changes in laws and regulations.

As a result, under no circumstances shall Sportstel and its officers have any liability to any person and/or any Government and/or private and public entity for any loss or damage, including any claim, liability, cost, or expense arising directly or indirectly (and whether in tort, including negligence, contract, equity, or otherwise) from the use of, or reliance on, any information contained in and/or omitted from the material within this presentation. To the fullest extent allowed by law, we do not warrant the fairness, accuracy, fitness for any particular purpose, adequacy, or completeness of any information contained or referred to within this presentation.

Sportstel is not a registered auditor, and under no circumstances shall Sportstel or any of its directors or officers have any liability to any person and/or any Government and/or private and public entity for any loss or damage, including any claim, liability, cost, or expense arising directly or indirectly (and whether in tort, including negligence, contract, equity, or otherwise, of, or reliance on, any information contained in and/or omitted from the material within this document).

To the fullest extent allowed by law, we do not accept liability for any loss that may arise from reliance on the information provided and do not warrant the fairness, accuracy, fitness for any particular purpose, adequacy, or completeness of any information contained or referred to within this document.

MICHAEL EFRON