• Acquires 100% of VIAS Hong Ngoc Bao Joint Stock Company in Vietnam
• Gains unencumbered title to over 2,000 sqm of prime land in Ho Chi Minh City
• Plans to develop a high-quality, sustainable Grade A office tower

United Overseas Australia Ltd (ASX: UOS) has completed the acquisition of 100% of the shares in VIAS Hong Ngoc Bao Joint Stock Company, a Vietnamese company, for VND1,775,000,000,000 (approximately US$68,270,000, AU$103,707,000). The acquisition, which was first announced on 24 July 2025, provides the UOA Group unencumbered title to a parcel of land within the former District 1 in Ho Chi Minh City consisting of more than 2,000 sqm. The location is among the most desired for premium office spaces due to its high concentration of Grade-A and Grade-B office towers that attract multinational corporations, financial institutions and leading domestic companies. The acquisition is being financed via reserves and is part of the Company's plan to strengthen income streams and diversify its portfolio, with properties across Australia, Malaysia, Singapore and now Vietnam. A high-quality, sustainable Grade A office development is planned for the Ho Chi Minh site, which will yield about 20,000 sq m gross floor area of office space. Construction will begin in Q4 2025, with targeted completion in Q2 2028 and an estimated total investment value of US$120,000,000 (AU$182,300,000).

The acquisition in Vietnam capitalizes on the country's government-led transition to a global financial hub, with heavy state investment in high-tech sectors and infrastructure. UOA aims to partner with Vietnam towards a greener urban future and is also actively exploring residential development opportunities in the country, leveraging its strong track record.