SHS 2026 AGM: Entering a New Growth Phase with a Comprehensive Transformation Strategy

Hanoi, April 17, 2026 – Saigon – Hanoi Securities Joint Stock Company (HNX: SHS) successfully held its 2026 Annual General Meeting of Shareholders (AGM). At the meeting, shareholders discussed and approved a number of key matters, including the Company’s 2026 business plan, capital increase plan, profit distribution, and development strategy for the 2026–2030 period.

This year’s AGM was more than an annual corporate meeting. For SHS, it marked the beginning of a new chapter of development, as the Company laid the foundations for its transformation from a traditional securities company into a modern financial institution, placing clients at the center of its business and pursuing sustainable long-term growth.

SHS Embarks on a New Phase of Transformation

Following strong business performance in 2025, with both revenue and profit exceeding its targets, SHS enters 2026 with a different focus: not simply maintaining its growth momentum, but preparing for a more fundamental transformation.

For the 2026–2030 period, SHS aims to move beyond supporting clients through individual transactions or standalone products, toward serving them throughout their broader financial journey – from wealth accumulation and investment to asset protection and long-term value planning.

This direction reflects the evolving landscape of Vietnam’s financial market. As the market becomes increasingly sophisticated, competition will extend beyond low fees and execution speed to advisory capabilities, service quality, client experience, and the ability to build long-term relationships. At the same time, clients’ needs are evolving beyond access to a trading platform toward professional partners capable of helping them manage and grow their assets in a more structured and effective manner.

If the previous phase focused on strengthening SHS’s financial, organizational, and operational foundations, the 2026–2030 period is defined as a new growth cycle – one in which SHS aims to build a more balanced business structure, gradually reduce its reliance on market cycles, and establish a more stable and sustainable earnings foundation over time.

Under this direction, SHS is pursuing an asset management-centered development model, while integrating brokerage, investment advisory, wealth management, investment banking, and capital markets capabilities within a unified platform.

In parallel, SHS is developing a One-Stop Shop model, enabling both retail and institutional clients to access a comprehensive financial services ecosystem through a single platform – spanning investment and trading, margin lending, strategic advisory, wealth management, and corporate capital raising.

To advance this new strategy, SHS has identified four key growth drivers for the 2026–2030 period. First, retail and institutional brokerage will continue to serve as the gateway to client relationships, providing a foundation of data, relationships, and recurring revenue. Second, wealth management and financial product distribution will become a long-term growth engine, capturing the continued expansion of personal wealth in Vietnam. Third, Investment Banking will be further strengthened through IPOs, equity and bond offerings, M&A, and corporate restructuring. Fourth, treasury operations, fixed-income products, and capital management will contribute to optimizing the balance sheet, diversifying the revenue mix, and improving capital efficiency.

SHS Plans to Raise Charter Capital to Over VND 10 Trillion, with 5% Cash Dividend and 5% Stock Dividend

Under the plan approved by the AGM, SHS targets revenue of VND 3,739 billion and profit before tax of VND 1,718 billion in 2026. The targets are set against strong growth achieved in 2025 and a market environment that continues to present various uncertainties. During the transformation of its business model, maintaining a high level of revenue and profitability is viewed as a strategic step toward strengthening financial capacity, optimizing capital efficiency, and creating capacity for the next growth cycle.

Alongside its business targets, the AGM approved SHS’s 2026 charter capital increase plan to strengthen its financial capacity and prepare resources for its new development strategy. SHS currently has charter capital of VND 8,994.6 billion and plans to raise up to an additional VND 1,069.7 billion, corresponding to the issuance of 106,973,111 shares. Upon completion, the Company’s charter capital is expected to reach approximately VND 10,064.4 billion.

The capital increase will comprise three components: a 5% stock dividend from the Company’s equity, a private placement to investors, and an employee stock ownership plan (ESOP). The additional capital will be prioritized for expanding margin lending, investment activities, developing new products, and upgrading technology infrastructure.

Alongside its growth strategy, SHS will continue to share value with shareholders through a planned 5% cash dividend and 5% stock dividend. This policy reflects the Company’s approach of balancing business expansion, long-term resource accumulation, and tangible shareholder value.

SHS’s transformation is being built on financial foundations established over many years. As of the end of 2025, SHS had total assets of approximately VND 23 trillion, equity of approximately VND 12.6 trillion, charter capital of nearly VND 9 trillion, and profit before tax of approximately VND 1.65 trillion. These figures demonstrate that SHS’s new strategy is underpinned by a solid financial foundation, established operating capabilities, and a well-established position in the market.

In the near term, SHS aims to rank among the Top 10 securities brokerage firms by market share, with a longer-term ambition of reaching the Top 5. These objectives go beyond market rankings, reflecting a broader development philosophy: growth alongside efficiency, scale alongside quality, and expansion alongside sustainability.

The 2026 AGM therefore represents more than SHS’s annual corporate event; it marks the starting point of a new chapter of development. From a traditional securities company, SHS is progressively transforming into a new-generation financial institution, where advisory capabilities, technology, wealth management, and a comprehensive service ecosystem become core competitive advantages. As Vietnam’s capital markets enter a new development cycle, SHS aims not only to grow alongside the market, but also to create new value for its clients, shareholders, and the broader financial ecosystem.