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On May 6, 2026, Gelex Electric will finalize its shareholder list to implement an issuance of nearly 274.5 million bonus shares aimed at increasing its charter capital. Gelex Electric (Gelex Electric, ticker GEE, HOSE) has announced a plan to issue bonus shares to raise equity from internal sources. Under the plan, the company will issue nearly 274.5 million bonus shares to shareholders at a 4-for-3 rights issue ratio, meaning a shareholder owning one share will receive one right to subscribe, and every four rights will entitle the holder to three additional new shares. The additional shares will be issued from retained earnings and equity to increase paid-in capital and will not be subject to transfer restrictions. The record date for determining entitlement to the bonus shares is May 6, 2026. The total issue value at par is about VND 2,745 billion, funded from the Development Investment Fund, the capital surplus on the standalone audited 2025 financial statements and the undistributed profits on the consolidated audited 2025 financial statements (after transferring profits from subsidiaries to the parent company). If the issuance succeeds, charter capital is expected to rise from about VND 3,660 billion to about VND 6,505 billion. The plan was approved by Gelex Electric’s shareholders at the 2026 annual general meeting held on April 8, 2026. In addition, shareholders approved the 2026 business plan with expected consolidated net revenue of about VND 27,242 billion, up around 7% from 2025. However, consolidated net profit is expected to decline by about 38% from last year, projected at about VND 2,121 billion. On dividends, the company approved a plan to pay dividends in 2026 (from 2026 profits and retained earnings) at a rate of 30%. The AGM authorized the Board to decide on any matters related to cash dividends in 2026 if deemed appropriate. Separately, the company plans to pay compensation, salaries and other income to the Board of Directors totaling VND 2.5 billion; the total remuneration of the Supervisory Board is VND 240 million.
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