AsemconnectVietnam - In addition to the 30% cash dividend, this year GEE also submitted to shareholders a plan to issue shares to increase equity capital from equity sources at a rate of 20%.

Thus, if approved by the General Meeting, GEE will pay shareholders dividends and shares up to 50% from equity sources.
Consecutive 30% cash dividend distribution
GELEX Electric Joint Stock Company (GELEX Electric – HoSE: GEE) has just announced the documents for the 2025 annual general meeting of shareholders (AGM).
A notable point in this year's document is that GELEX Electric submitted to the General Meeting of Shareholders a profit distribution plan for 2024 with a cash dividend of 30% (of which the Company has provisionally paid 10%). At the same time, GELEX Electric also presented to shareholders a plan to issue shares to increase equity capital from owners' equity at a rate of 20%.
Accordingly, the company plans to issue an additional 61 million shares, with an exercise ratio of 5:1 (equivalent to an issuance ratio of 20%). The issuance is expected to take place in the second and third quarters of 2025.
In addition, in 2025, the Company also presented to the General Meeting a planned cash dividend of 30%.
Business activities maintain growth rate
In 2025, based on the economic growth forecast and the action strategy for the period 2025-2030, the Company sets a target of consolidated net revenue of VND22,282 billion; consolidated pre-tax profit of VND1,686 billion, up 5.5% and -21.6%, respectively.
The company sets a lower profit target this year than last year because in 2025 it is expected that there will no longer be a large profit from the transfer of investments in subsidiaries like in 2024. Meanwhile, the production and business activities of GELEX Electric's member units still maintain a good growth rate and devote resources to research and development of new products with high technology content.
To achieve the goal of 2025, the Board of Directors of GELEX Electric has set out specific directions and solutions, including continuing to promote the business activities of the Company and its group of subsidiaries towards effective and sustainable development, which is the "hinge" for the period 2025-2030.
Specifically, the Board of Directors of GELEX Electric directs units to strengthen international cooperation to develop existing prestigious brands. Along with that, in addition to manufacturing and trading traditional products, it will combine with strengthening research and development, trading new products with high technology content, maintaining market share in familiar markets and searching for and developing new market areas.
In particular, this enterprise also encourages units to spend a maximum of 2% of revenue on R&D activities, while implementing a digital transformation strategy in the system.
In addition, member units will continue to develop electricity business activities in industrial parks.
In 2025, GELEX Electric will focus on implementing key groups of solutions including: Investment and development; Business promotion; Management and restructuring of CTTV; Improving management capacity and Personnel planning and rotation.
Electing members of the Board of Directors for the new term
In addition, since the term of the current members of the Board of Directors and members of the Supervisory Board will end in 2025, the upcoming congress will also elect 05 members of the Board of Directors (including 01 independent member of the Board of Directors) and 03 members of the Supervisory Board for the new term 2025 - 2030 based on the list of candidates who are eligible for candidacy and nomination according to regulations.
Also according to the congress documents, in 2024, with the right orientations, good accumulated resources, and clear strategies and goals, GELEX Electric has exceeded the revenue and profit targets set by the General Meeting of Shareholders.
The Company's consolidated net revenue reached VND21,130 billion, up 27.2% compared to the level achieved in 2023 and reaching 115% of the plan set. Consolidated pre-tax profit in 2024 reached VND2,152.9 billion, up 112.6%, reaching 185.9% of the plan.
As previously announced, GELEX Electric's 2025 Annual General Meeting of Shareholders will be held online and via electronic voting on March 25, 2025.
N.Nga
Source: VITIC/Tinnhanhchungkhoan