Stock Market “Roller Coaster”, PNJ Immediately Supplements Proposal to Buy Back Millions of Shares to Protect Shareholders

Phu Nhuan Jewelry Joint Stock Company (PNJ) has added a proposal to its annual general meeting to buy back up to 8 million treasury shares, equivalent to 2.5% of the total circulating shares. The aim is to protect the interests of shareholders and the company’s value against stock market fluctuations. Funding for the buyback will come from surplus capital reserves, investment funds, and undistributed profit after tax. PNJ’s share price has experienced significant volatility, with a market capitalization currently exceeding 24.9 trillion VND. For its business plan, PNJ targets revenues of 31.607 trillion VND, down 17% from the previous year, and a net profit of nearly 1.960 trillion VND, a decrease of 7%. The company also proposes a 20% dividend payout and plans to issue 3.24 million shares under an ESOP program at a preferential price for key personnel. PNJ acknowledges that the market will face many challenges this year but continues to expand while preserving profits.