2020 general meeting of shareholders of Clever Group Corporation

2020 general meeting of shareholders of Clever Group Corporation

(Date 2020-04-27 17:12:23)

On April 27, 2020, at the head office of Clever Group Corporation (stock transaction code: ADG), located at 3rd floor, Building G1, Five Star Garden, No. 2 Kim Giang, Thanh Xuan, Hanoi, the 2020 General Meeting of Shareholders of Clever Group Corporation took place successfully.

The Annual General Meeting of Shareholders agreed that the dividend payment for 2019 would be 34.4 billion VND with the form of 100% payment in shares and approved the issuance of shares to pay dividends, and authorized the Board of Directors its implementation.

Furthermore, Clever Group has set a business plan for 2020 with the following objectives: net revenue and after-tax profit of the Parent Company are to reach 380.5 billion VND and 42.7 billion VND respectively. However, different scenarios can happen depending on actual and objective movements of the market.

After more than 4 months of official listing on the UPCOM stock exchange, as planned, ADG is going to IPO and change to list on HOSE, expectedly at the end of the second quarter and/or the beginning of the third quarter of 2020.

Proofs of business results continuously growing in the last 03 years:

- In 2017, revenue reached VND 247 billion - an increase of more than 16% compared to 2016; after-tax profit tripled, achieving VND 15 billion.

- In 2018, revenue reached VND 335 billion, after-tax consolidated profit hit VND 20 billion, an increase of 36% and 27% compared to 2017.

- In 2019, revenue amounted to VND 362.6 billion - reaching above 80% of the plan and growth rate topped 8% compared to the same period of 2018; after-tax profit reached VND 40.6 billion - doubled one of 2018, completing 150% of the plan.

Clever Group has shown a strong and robust growth and development of the company, especially in operation: provision of services in digital advertising technology by partnership with flagship names in the industry such as : Google, Facebook, YouTube etc. With the entrustment from enterprises as well as end-consumers, along with a solid foundation from experienced leadership and operation team, in 2020, Clever Group confidently believe it is going to achieve the set goals and plans.

Highlight photos in the event:

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