Accelerating the expansion of Long Chau pharmacy chain coverage

The meeting unanimously approved the revenue plan of VND 27,000 billion – an increase of 20% and a profit before tax of VND 720 billion – an increase of 30% compared to the results in 2021. To achieve this goal, FPT Retail will simultaneously implementing action plans on all chains: FPT Shop, F.Studio by FPT and Long Chau.

With FPT Shop, FRT will build on the successful model of the past year to continue opening more than 70 new laptop centers in order to maintain its position as the leading laptop retailer in the market. At the same time, the Company also continued to open about 100 more FPT Shop stores in order to increase coverage to densely populated districts.

With the desire to become a technology destination for customers, in 2022, FRT will introduce new services and products into the system, including:

– Testing PC Gaming selling points to perfect the computer ecosystem.

– Continue to invest in expanding and improving the quality and speed of customer service in order to maintain its position as the leading retailer of genuine Apple products in Vietnam.

– Research and deploy virtual mobile network business model.

– Participating in the FPT Corporation ecosystem by bringing to each household all FPT Corporation products in general and FRT products in particular with special incentives as well as giving the highest benefits to customers. customers in this ecosystem.

With the Long Chau chain, the Company will accelerate the expansion of its coverage to 63 provinces and cities in order to improve its position in the pharmaceutical market. It is expected that the Company will open at least 300 more stores, bringing the total number of stores to about 700-800 by the end of 2022.

At the same time, FPT Long Chau will continue to invest in infrastructure and logistics system for the rapid growth of the number of stores and the optimization of goods.

Not stopping there, in 2022, FRT is committed to investing heavily in digital transformation projects and constantly perfecting the digital retail platform to help increase operational efficiency and enhance the ‘smart’ experience. for customers.

In 2021, FRT’s consolidated revenue increased by 53.4% ​​to VND 22,494.96 billion and profit after tax reached VND 443.9 billion, 44 times higher than that of 2020.

With the above results, FRT will pay dividends in 2021 in cash at the rate of 5% (corresponding to 01 share to receive VND 500) and pay dividends in shares at the rate of 50% (At the closing date). shareholders to exercise their rights, shareholders owning 01 share will be entitled to 01 right to receive shares and for every 02 receiving rights will receive 01 new share).

In addition, the plan to pay a cash dividend in 2022 at the rate of 10% (VND1,000/share) was also approved.

In addition, FPT Retail will issue shares under the employee selection program (ESOP) based on business results in 2022 at the price of 10,000 VND/share.

Accordingly, after the Company exceeds the 20% growth threshold, for every additional 10% growth, employees will be entitled to 1% ESOP (That is, in 2022, if the Company’s profit grows by 30%, it will issue 1% ESOP), the maximum expected issuance rate is 2% of the number of outstanding shares at the time of issuance.

The transfer restriction period of these shares is 03 years and is freely transferable from year to year, specifically:

– At the end of the first year, 30% of the purchased shares will be freely transferable.

– At the end of the second year, 60% of the purchased shares will be freely transferable.

– At the end of the third year, 100% of the purchased shares will be freely transferable.

The implementation time will authorize the Board of Directors to decide the appropriate time.

At this meeting, the Board of Directors and Supervisory Board were also elected for the new term 2022 – 2027.

It is known that in 2021, FPT Retail has been honored in the following awards: Top 5 prestigious retail companies in 2021 (Vietnam Report), Vietnam Strong Brand 2021 (VnEconomy), Top 3 listed companies with the most IR activities are the most favorite among investors in 2021 (Vietstock).