ANNUAL GENERAL MEETING 2026:
ALTA PURSUES SELECTIVE GROWTH, ACCELERATES INVESTMENT IN TECHNOLOGY AND NEW PRODUCTS

On April 22, 2026, Tan Binh Culture Joint Stock Company (ALTA) successfully held the 2026 Annual General Meeting of Shareholders, with the participation of the Board of Directors, the Executive Board, and shareholders. The meeting aimed to review the company’s 2025 performance and approve development orientations and plans for 2026.

At the meeting, the leadership presented the 2025 performance report, highlighting multiple positive signals. Despite ongoing market volatility, ALTA maintained stable operations and recorded clear improvements in business efficiency. Key sectors, including plastics, media, and software, all showed positive progress. The plastics segment continued to serve as the core revenue driver, the media segment achieved strong growth, and the software segment gradually improved operational efficiency.

The report indicated that 2025 marked a period of recovery and notable growth for ALTA following cost pressures in the previous year. Net revenue reached VND 426.28 billion, while pre-tax profit amounted to VND 13.03 billion (149% of the plan) and after-tax profit reached VND 11.28 billion (161% of the plan). These results reflect the effectiveness of a flexible management strategy focused on operational optimization and performance enhancement.

Within the operational structure, the plastic packaging segment remained the key pillar, accounting for over 66% of total revenue while significantly improving gross profit margins. The media and entertainment segment recorded strong growth in both revenue and profit, contributing nearly 25% of total revenue. Notably, the software segment achieved positive gross profit for the first time, marking a meaningful transition following its investment and restructuring phase.

In terms of financial position, the company maintained a stable foundation, with total assets reaching approximately VND 353 billion. Operational indicators improved significantly, with receivables decreasing by 27.7% and inventory reduced by 29.8%, contributing to optimized cash flow and more efficient capital utilization. The debt-to-total-assets ratio declined to 36%, while the current ratio reached 1.74. Notably, the fixed asset self-financing ratio stood at 2.84, demonstrating solid financial capacity and strong investment autonomy.

Alongside these achievements, the meeting also candidly addressed the challenges facing the company, including rising input costs, exchange rate fluctuations, interest rate volatility, and increasing market competition. Input cost pressures included exchange rate movements, a 4.8% increase in electricity costs, loan interest rates ranging from 5.3% to 8% per year, as well as ongoing investments in technology, R&D, and human resources. At the same time, more cautious customer spending and higher expectations for investment efficiency require strategic adjustments.

Based on these factors, the meeting approved the 2026 operational orientation, focusing on selective growth, aligning revenue with real efficiency, and strengthening operational governance. The company targets pre-tax profit of VND 10 billion and after-tax profit of VND 8 billion, while maintaining a projected dividend rate of 10%.

ALTA will prioritize investment in research and development of new products, particularly in technology, software, equipment, and integrated solutions, to enhance competitiveness and expand market reach.

In parallel, the company will continue to invest in upgrading production infrastructure and technology to improve product quality and operational efficiency. The expansion of the plastic packaging factory, with an expected investment scale of 20% to 40% of total asset value, aims to increase production capacity, ensure supply stability, and meet long-term market demand.

In terms of market strategy, the company will focus on maintaining and strengthening relationships with existing customers while proactively seeking new partnership opportunities and expanding its potential customer base. Building a synchronized product–service ecosystem is also identified as a key strategic direction in the coming period.

The meeting approved reports from the Board of Directors, the Executive Board, and other key matters with a 100% approval rate from shareholders. These resolutions provide a foundation for ALTA to implement its 2026 business plan effectively and consistently.

Concluding the meeting, ALTA’s leadership emphasized a strategic shift from scale-driven growth to efficiency-driven growth, while continuing to invest in technology platforms and products to enhance long-term enterprise value.