Smart Invest Securities (AAS) General Meeting of Shareholders: Continue to develop the company with a fintech orientation, expand the operating network in domestic and foreign provinces and cities to focus on developing the retail market.

On March 25, 2024, the Annual General Meeting of Shareholders of Smart Invest Securities Joint Stock Company (stock code: AAS) approved the 2023 financial performance report, the 2023 dividend payment plan, and the 2024 business strategy.

The AAS General Meeting of Shareholders approved the public offering of 230 million shares (equivalent to nearly 2,300 billion VND) through a rights issue, with a 1:1 ratio (shareholders owning 01 share will have 01 right to purchase, 01 purchase right can be used to buy 01 additional share) at a price of 10,000 VND/share.

Smart Invest’s charter capital is expected to double, from 2,300 billion VND to over 4,600 billion VND. The capital raised from this offering will be used to supplement capital for securities margin lending activities and proprietary securities trading activities.

In addition, the AAS General Meeting of Shareholders approved the 2023 dividend payment plan in shares at a rate of 4% of the number of outstanding shares at the time of issuance, expected to be over 9 million shares (equivalent to 91.9 billion VND).

AAS affirmed that it will continue its plan to transfer its stock listing from UPCoM to the Ho Chi Minh City Stock Exchange or the Hanoi Stock Exchange in 2024.

Furthermore, the AAS General Meeting of Shareholders also approved the establishment of representative offices in Japan, Canada, and Taiwan; and the addition of derivatives trading and related securities services.

The AAS General Meeting of Shareholders approved the 2024 business strategies

Based on a deep understanding of customer needs, investment in a technology platform built on technological mastery, ensuring system security, and investment consulting experience, AAS has developed a new business plan for 2024 with an expected total operating revenue of 1,000 billion VND, an increase of over 152%. The target pre-tax profit is 300 billion VND, an increase of over 274% compared to 2023.

Responding to shareholders’ questions, the AAS Board of Directors stated that technology has been, is, and will continue to be an investment priority, serving the strategic direction of diversifying products and services aimed at individual customers. In Q2 2024, AAS will continue to launch Robo Advisor – a product that applies modern technology and the experience and knowledge of experts to provide automated investment recommendations for all investors.

The AAS Board of Directors affirmed that it will thoroughly prepare fundamental factors regarding personnel and organizational structure, ensuring that mobilized capital is effectively utilized in business, and that capital growth goes hand in hand with growth in operational scale, revenue, and profit to meet the business objectives set for 2024.