FPT Ensures Information Transparency for Investor Benefits

FPT's information disclosure adheres to the principles of transparency, timeliness, completeness, and accuracy, aiming to safeguard the highest rights of shareholders and investors. It is also the key to sustainable development, enhancing the reputation and value of the Corporation in the eyes of investors and contributing positively to the development of the stock market.

This piece of news was shared by Ms. Mai Thi Lan Anh, Deputy Director of Marketing - Communications and the authorized person for information disclosure at FPT, at the seminar themed "Upgrading the stock market and the information transparency of listed companies" organized by the Investor Magazine on October 10 in Hanoi.

Ms. Mai Thi Lan Anh, Deputy Director of Marketing and Communications of FPT Corporation, at the seminar

The seminar engaged representatives from the Economic Committee of the National Assembly, the State Securities Commission, funds, securities companies, listed enterprises, and media agencies. In order to raise awareness and motivate actions of market members regarding promoting the Vietnamese stock market, the seminar proposed several solutions to encourage upgrading the market, such as enhancing equal access and information transparency for foreign investors; encouraging listed companies to publish information in English; increasing the limit for foreign investment; boosting the IT system, and more.

Public disclosure of accurate, transparent, and precise information - FPT's unchanging principle

All the required information for disclosure of FPT adheres to the principles of openness, transparency, and accuracy. It is updated simultaneously on the official website in Vietnamese and English, prescribed channels, mass media, and regular meetings with investors and the press. FPT is consistently among the first companies in VN30 to submit quarterly financial reports.

In all exchanges and meetings with investors and at the Annual General Meeting of Shareholders, investors have the right to actively raise questions about the Corporation's operations and get comprehensive responses from the leadership team.

"Not only ensuring compliance with the information disclosure requirements for listed companies, FPT also proactively discloses extensive information that is not mandatory, such as monthly business results, cooperation contracts, technology capabilities, workforce quality, or expansion plans. It helps investors and shareholders easily get access and gain an overall view of FPT," shared Ms. Lan Anh.

In 2022, FPT organized 150 meetings and exchanges with domestic and international investors. In the first nine months of the year, FPT proactively published nearly 5,000 articles in the media, averaging about 20 articles per day, to share its business activities.

It has also helped FPT consistently achieve a maximum score of 100% in the category of information disclosure and transparency evaluated by the Ho Chi Minh Stock Exchange (HoSE) and remain among the group of large-cap companies meeting information disclosure standards for seven consecutive years.

Ms. Mai Thi Lan Anh (far left), FPT's Deputy Director of Marketing and Communications, at the discussion session themed "Information transparency of listed companies".

Utilizing technology to ensure accurate and timely information disclosure

Leveraging the core strength of the pioneer in digital transformation in Vietnam, FPT has intensified digital transformation in all management and operational activities, as well as in the timely, convenient, and adequate disclosure of information for investors.

According to Ms. Lan Anh, in 2020, during the COVID-19 social distancing period, numerous businesses postponed their Annual General Meetings of Shareholders (AGM) but not FPT. It was the first company in VN30 to successfully organize the AGM digitally, ensuring social distancing regulations, safety, and the rights of shareholders. Since 2020, FPT has held the AGM in a hybrid format, allowing investors worldwide to participate conveniently.

Moreover, FPT has built a data-based management system, helping the leadership's command and operation to be timely and accurate based on real-time data. Therefore, strategic decisions can be made on the same day rather than after several weeks, and information can be disclosed even before the deadline.

With 08 direct subsidiaries, 72 indirect subsidiaries, 09 affiliated companies, and 350 separate accounting books divided into 06 levels, FPT's global operations make synthesizing information and data for monthly and quarterly reports an enormous challenge that consumes considerable resources.

However, in the past five years, due to digital applications, FPT has completed quarterly business result reports and financial reports more quickly, accurately, and earlier. With the FPT CFS financial reporting and consolidation solution, the Corporation only takes 5-7 days instead of a whole month to prepare separate and consolidated financial reports along with explanations of the Corporation and subordinate units. Currently, FPT only needs one accountant to do financial consolidation of the whole organization and oversee the consolidation tasks of subsidiaries and other business units.

After 17 years of being listed, FPT's market capitalization has now surpassed five billion USD, ranking among the top 10 large-cap companies on the Vietnamese stock exchange. Being the only technology enterprise in the VN30 group, FPT has become a renowned tech brand, expanding to 30 countries worldwide with over 60,000 employees.