HPT holds 2024 shareholders' meeting: Sustaining steady growth and planning major breakthroughs to mark 30 years of establishment

On July 17, 2024, HPT Vietnam Corporation (HPT Company - stock code HPT - UPCOM) held its Annual General Meeting of Shareholders (AGM) at its headquarters located in the High-Tech Park of Thu Duc City.

The 2024 HPT Shareholders' Meeting was attended by 79 out of 562 shareholders and their proxies, representing 7,966,430 out of 9,910,300 shares, equivalent to 80.39% of the total voting shares. At the meeting, the Board of Directors and the Executive Board shared an overview of HPT in 2023 and the operational plan for 2024 with the spirit of “Bold Breakthrough – Strong Determination – Seizing Opportunities.”

The Board of Directors, Executive Board, and representatives of the shareholders participated in the 2024 Annual General Meeting of Shareholders

HPT overcomes challenges, developing its business activities according to the set direction.

Recording Positive Financial Results

In 2023, HPT recorded positive financial results despite the global economic fluctuations: revenue reached 1,156 billion VND, achieving 105.1% of the plan, and total pre-tax profit of the entire company reached 102.1% compared to the plan, representing a 7.7% growth compared to 2022.

The development of HPT-branded products has made significant impressions and gained the trust of customers.

HPT-branded products are increasingly refined and meet many urgent customer needs, possessing the capability to compete with existing market products. Key products include SAALEM (process digitization), SmartNOC (IT system management), CSEP (asset management), the HSOC and HSOC platform (with more than 10 components for information security). Total revenue from HPT products in 2023 was nearly 50 billion VND. Concurrently, research and development activities for new products are continually promoted to create products that meet the growing market demands.

Strengthening the leadership team to be ready for bold development directions in the future.

Building a capable leadership and management team is the foundation for the company's development. HPT has appointed three new Deputy General Directors and filled several key positions. With a strong leadership team and a united, determined staff, HPT is confident in making significant strides in 2024 - a pivotal year for the company's next phase after 30 years.

At the meeting, the program also approved the 2023 activity reports, the profit distribution plan, and the allocation of reserves for 2023. Shareholders also approved a proposal for distributing 2023 dividends in cash at a rate of 12% of the face value.

The 2024 Annual General Meeting of Shareholders for HPT received the full support and consensus of all shareholders

The 2024 plan aims to introduce many breakthroughs in both domestic and international markets, in celebration of HPT's 30th anniversary.

With a direction of expanding into international markets, starting with Southeast Asia, HPT is resolutely implementing an action plan with the “555” strategy: 5 key products for domestic development, 5 key products for international development, and 5 operational components for business implementation. The company will continue to pursue its goal of 1,000 customers with revenue exceeding 1,000 billion VND.

Recognizing the trends and potential of Vietnamese technology, HPT has decided to establish the HPT Solutions & Technology of Vietnam Center (HSV). This center will collaborate with domestic technology partners to develop products tailored to the specific technology landscape in Vietnam. This approach aligns with HPT's 2024 goals, which include having 5 Vietnamese technology products generating revenue and increasing the share of HPT's proprietary technology products by 20% of total revenue.

At the same time, HPT will continue to enhance its online business activities, seeking and developing more products for its e-commerce website hpttechstore.com alongside potential Vietnamese technology solutions.

At the meeting, all shareholders unanimously approved the proposal regarding the investment progress and detailed investment activities for the HPT building Phase 2. This is to ensure sufficient space and working environment for employees as the company continues to grow, including the project for the HPT Research and Application Center for Information and Communication Technology at the HCMC Hi-Tech Park.

Especially in celebration of its 30th anniversary, HPT has developed a detailed plan and is actively implementing activities related to this significant milestone. Alongside cultural programs, efforts are being intensified in technical projects, scientific and technological activities, and business targets to achieve notable accomplishments in honor of this important milestone for HPT.

The 2024 Annual General Meeting of Shareholders for HPT was successfully held with the unanimous support of the shareholders who have consistently supported and accompanied the company. The Board of Directors remains committed to implementing the goals and plans approved by the shareholders' meeting, continuously striving for the benefit of shareholders, employees, and contributing to society and the country.