PAN Group plans to issue nearly 41.8 million bonus shares to shareholders to raise charter capital to about VND 2,580.7 billion

PAN Group plans to issue nearly 41.8 million bonus shares to shareholders to raise its charter capital to about VND 2,580.7 billion. The issuance is planned for Q2–Q3 2026, subject to approval by the competent authorities and full receipt of the required documents. The bonus shares will be issued at a 100:20 ratio, meaning a shareholder owning 1 share will receive 20 new shares. The shares will be freely transferable. The total par value of the issue is about VND 417.8 billion, funded from the surplus capital based on PAN Group's audited 2025 standalone financial statements. If the issuance succeeds, charter capital will rise from about VND 2,162.9 billion to about VND 2,580.7 billion. The plan was approved by the company's shareholders at the 2026 Annual General Meeting held on April 21, 2026. The meeting also approved the 2026 business plan with expected consolidated net revenue of VND 18,000 billion and consolidated after-tax profit of about VND 1,780 billion. In Q1 2026, PAN Group reported net revenue of over VND 3,767.2 billion, down 8.6% year-on-year. After applying taxes and fees, net profit was over VND 670 billion. By the end of the first quarter, the group had achieved 20.9% of its net revenue target and 37.6% of its after-tax profit target. As of March 31, 2026, total assets stood at over VND 15,214.2 billion, down by VND 380.7 billion from the start of the year. Inventories totaled over VND 3,374.4 billion, representing 22.2% of total assets. On the liabilities side, total liabilities were about VND 5,580.4 billion, down 14.4% from the start of the year. Loans and finance lease liabilities were nearly VND 2,755 billion, accounting for 49.4% of total liabilities.