LACTY II COMPANY LIMITED

LACTY II COMPANY LIMITED (CÔNG TY TNHH LẠC TỶ II): Vietnam-Based Footwear Manufacturer

Legal Status

LACTY II COMPANY LIMITED, locally known as CÔNG TY TNHH LẠC TỶ II, is a one-member limited liability company with 100% foreign direct investment (FDI) ownership. The company was officially registered on March 14, 2011 under the Business ID and Tax Code: 6300142662. Its registration authority is the Department of Planning and Investment of Hau Giang Province.

The company’s head office is located at: Lot B1-B2, Tan Phu Thanh Industrial Park - Phase No. 1, Tan Phu Thanh Commune, Chau Thanh A District, Hau Giang Province, Vietnam. A secondary branch operates in Long An Province, at Lots B1-B5, B16-B20, Road Nos. 2, 3, 6, Hai Son Industrial Cluster, Long Thuong Commune, Can Giuoc District. The company’s registered capital is approximately USD 135.4 million, with USD 102.25 million paid up as of December 31, 2023.

LACTY II COMPANY LIMITED specializes in the manufacture of footwear, particularly processing sport shoes for ADIDAS, and has expanded into other manufacturing and wholesale business lines.

Key Personnel

The company is managed by Mr. Lin Chang Yung, who serves as the General Director. He holds Taiwanese nationality and plays a central role in overseeing LACTY II’s production operations and business development in Vietnam. The workforce is large-scale, with a reported human resources goal of 20,000 employees in 2023, demonstrating the firm’s labor-intensive and export-oriented operations.

Financial Data

LACTY II COMPANY LIMITED has shown consistent financial growth in recent years. As of FYE 31 Dec 2023, the company reported:

• Total Assets: USD 153.44 million (up 19.21% YoY)

• Total Sales: USD 228.48 million (up 5.04% YoY)

• Profit: USD 3.63 million (up 418.17% YoY)

• Equity: USD 104.43 million (up 3.6% YoY)

• Net Worth: USD 99.16 million

• Working Capital: USD 48.99 million

This positive trajectory, particularly the sharp increase in profit margins in 2023, signals improved operational efficiency and stronger financial performance following prior years of lower earnings. Notably, the company rebounded from a loss of nearly USD 9 million in 2021 to substantial profitability by 2023.