PAN Group's General Meeting of Shareholders: Addition of a 20% stock bonus plan.

PAN Group approved a revenue plan of VND 18,000 billion and after-tax profit of VND 1,780 billion in 2026, while also revealing a surge in profit in the first quarter of 2026 from divesting its stake in Bibica.

On the afternoon of April 21st, PAN Group Joint Stock Company (PAN code - HoSE) held its 2026 Annual General Meeting of Shareholders.

Ms. Nguyen Thi Tra My, General Director, stated that the Group's orientation is to focus on in-depth investment in core areas, prioritizing resources for sectors with clear competitive advantages and long-term growth potential, including agriculture , fisheries, and essential food products.

The corporation is also stepping up its strategy to enhance competitiveness in the rice industry by reducing emissions, in line with the government 's plan to develop 1 million hectares of high-quality rice, as well as implementing tripartite cooperation models.

In addition, PAN Group focuses on leveraging the strength of its ecosystem through internal linkages and partnerships, such as collaborations between Vinaseed and VFC, VFC and BioSpring, ABT and FMC, and Vinaseed and Khang An Food, thereby creating a synergistic foundation and increasing the value chain.

PAN Group sets growth targets for 2026.

In 2026, PAN Group plans for net revenue of VND 18,000 billion, a slight increase of 2%; projected after-tax profit of VND 1,780 billion, a 53% increase compared to 2025; and a projected cash dividend of 30%.

Notably, PAN Group's 2026 business plan includes the profit recognized from the transfer of Bibica Joint Stock Company, based on the progress of the transaction and the recognition principles in accordance with applicable accounting and auditing regulations.

Specifically in the first quarter of 2026, the parent company's report, PAN Group, recorded a 39.24-fold increase in net profit, from VND 27.2 billion to VND 1,094.49 billion. This included a rise in financial revenue from VND 119.2 billion to VND 1,234.8 billion, mainly comprising VND 522.18 billion in investment transfer gains and VND 705.7 billion in dividends and distributed profits.

Previously, at the end of March 2026, PAN Group announced information regarding the transfer of shares in Bibica Joint Stock Company through the transaction of transferring all of PAN's capital contribution in Bibica Capital Co., Ltd. to Momogi Group VN Co., Ltd. - a member of Momogi Group.

Ms. Nguyen Thi Tra My, General Director, stated that the transfer of Bibica is not simply a financial transaction, but reflects a clear shift in the development thinking of the PAN Group. Accordingly, the Group is proactively restructuring its investment portfolio, divesting from areas that are no longer core to it, in order to focus resources on areas with long-term competitive advantages and the potential to create higher synergistic value, especially agriculture linked to essential product chains.

Following the transaction, PAN Group will have more capital, enhanced management focus, and accelerated in-depth investment in key areas. This is considered a necessary step for the Group to enter a new phase of development – ​​not only expanding in scale, but also having a clearer, more focused strategy and aiming for sustainable efficiency.

A notable point at the General Meeting, in addition to the previously announced items, was that shareholders of SSI Securities Joint Stock Company (code SSI – HoSE) proposed adding a proposal to increase capital from equity capital, at a ratio of 5:1 (bonus shares at a rate of 20%), expected to be implemented in 2026, after approval by the General Meeting and acceptance by the State Securities Commission.

The company is estimated to issue an additional 41,778,950 shares.

Discussion section:

Mr. Nguyen Duy Hung, Chairman of the Board of Directors.

Mr. Nguyen Duy Hung, Chairman of the Board of Directors, answers questions from shareholders.

Question : Is the timing of divesting from Bibica the right one?

Mr. Nguyen Duy Hung, Chairman of the Board of Directors, stated that the Group has fulfilled its commitments when investing in Bibica, contributing to maintaining and developing the brand in a sustainable direction.

After more than a decade, Bibica has expanded its production scale and elevated its brand. However, at this stage, PAN recognizes that there is not much room left for further contribution, while the confectionery sector is no longer aligned with its core focus on agriculture and essential food chains. Therefore, seeking a new partner is considered a logical step for Bibica's continued development.

According to Mr. Hung, the Indonesian partner does not yet have a confectionery production base, but has a long-term investment orientation and a commitment to jointly developing the brand. After discussions, Bibica's leadership also assessed them as a suitable partner.

“We have to balance our responsibilities to shareholders, to the business, and to society. Divestment must achieve the best value for shareholders while ensuring the business continues to grow and employees retain their jobs,” Mr. Hung emphasized. Accordingly, the Bibica divestment transaction is considered to have fully met these criteria.

Question : What impact will the leadership change at Vinaseed have?

Regarding the personnel changes at Vinaseed, Mr. Hung stated that this is a proactive step in the governance restructuring process.

According to Mr. Hung, before the PAN Group invested, many member companies were small in scale and not very efficient. Bringing personnel from the Group directly into management significantly improved business results and enhanced management capabilities. Therefore, a change in leadership was necessary to adapt to the new development phase.

It is known that in 2025, the Chairperson was replaced by Ms. Tran Kim Lien, who was replaced by Ms. Nguyen Thi Tra My.

Question : What is the leadership's view on the stock price?

The Chairman of PAN affirmed that the responsibility of the Board of Directors and the Executive Board is to ensure the sustainable growth of the business, thereby creating a foundation for the share value.

"There are two ways to influence stock prices: one is through genuine growth based on business results; the other is by creating a 'wave'. We don't follow the second approach," he said.

He also cited that, after a period of not distributing dividends, the company began paying cash dividends in 2026. PAN's total market capitalization is currently over 6,800 billion VND, while the Bibica divestment alone brought in approximately 2,630 billion VND.

However, Mr. Hung emphasized: "We are not making a commitment regarding the share price, but rather committing to doing our best to increase the value of the business."

Question : Will divestment from subsidiary companies continue?  

According to the Chairman, the Group currently has no plans to divest further. However, if conditions permit and a good price is offered, and the unit is not in the Group's core business, the Group will consider divesting if the opportunity arises.

Question : What is the plan for land development?

Mr. Hung stated that PAN Group owns land in many of its member companies, but does not intend to become a traditional real estate developer.

"We are not seeking projects for the purpose of real estate business. PAN is ready to cooperate with capable partners to effectively utilize land resources," Mr. Hung emphasized.

Source: https://baodautu.vn/dhdcd-tap-doan-pan-bo-sung-ke-hoach-thuong-co-phieu-ty-le-20-d575020.html