On the morning of April 18, 2026, at the Que Vo Industrial Park in Bac Ninh province, Kinh Bac City Development Holding Corporation (HOSE: KBC) successfully held its 2026 Annual General Meeting of Shareholders. The meeting was attended by 161 shareholders and authorized representatives, representing 705,888,665 shares, equivalent to 705,888,665 voting rights, accounting for 74.9546% of the total voting rights of all shareholders of the Corporation. Mr. Dang Thanh Tam – Chairman of the Board of Directors – presided over the meeting.
On the morning of April 18, 2026, at the Que Vo Industrial Park in Bac Ninh province, Kinh Bac City Development Holding Corporation (HOSE: KBC) successfully held its 2026 Annual General Meeting of Shareholders. The meeting was attended by 161 shareholders and authorized representatives, representing 705,888,665 shares, equivalent to 705,888,665 voting rights, accounting for 74.9546% of the total voting rights of all shareholders of the Corporation. Mr. Dang Thanh Tam – Chairman of the Board of Directors – presided over the meeting.
The Presidium presided over the General Meeting
Profit Plan of VND 3,000 Billion and 20% Cash Dividend Distribution
Entering the 2026 fiscal year, the KBC’s Board of Directors presented to the General Meeting a business plan with the goal of achieving consolidated total revenue of VND 10,000 billion and after-tax profit of VND 3,000 billion. A notable highlight is the plan to pay a cash dividend for 2026 at a rate of 20% (expected to be implemented in one or more installments).
The Billion-Dollar Journey at Trang Cat and Shaping an "AI Megacity"
Trang Cat Urban Area was the most discussed topic at the General Meeting, as it is a key project expected to generate enormous revenue for KBC. In early 2025, the company completed the payment of over VND 6,854 billion in land use fees, increasing the commercial land area to 302.5 hectares, bringing the total investment in the project to billions of USD.
Chairman Dang Thanh Tam acknowledged that maintaining a billion-dollar project for two decades created immense pressure on capital costs. However, this perseverance is now yielding "sweet fruits" as land values have skyrocketed over time, and the city of Hai Phong has adjusted its planning. With the advantage of direct connection to the Hanoi-Hai Phong expressway and the Tan Vu area, the project is no longer positioned as a typical subdivided urban area.
KBC has decided to elevate Trang Cat into an "AI City" (Artificial Intelligence City). This model will thoroughly apply smart technologies to the management, operation, and development of residents' lives. Mr. Tam believes that within the next five years, artificial intelligence will create a breakthrough change; and land plots that have been accumulated for a sufficient period, like Trang Cat, are the perfect foundation for implementing the most modern urban trends, increasing profit margins many times over compared to previous plans. Regarding business strategy, the Management Board affirmed that they will be flexible between wholesale, retail, or cooperation with major partners, prioritizing cash flow and overall efficiency rather than rigidly adhering to a single method.
A turning point into the fields of AI Data Centers and Clean Energy
Not stopping at real estate, KBC is making a strategic turning point by officially entering the field of AI Data Center construction and power generation. KBC is currently preparing the infrastructure to cooperate in developing an AI Data Center in Tan Phu Trung Industrial Park to serve "big players" such as LG and Airbus.
To serve these "brains" that consume enormous amounts of electricity, as well as to meet the green production and circular economy standards of partners like Apple, KBC is compelled to enter the renewable energy production sector. The company is implementing the Van Canh 1 and Van Canh 2 wind power plant projects (Gia Lai province) and researching the full coverage of rooftop solar power at existing factories. Company leaders acknowledge that the profit margin in the energy and AI Data Center segments may not be very high, but this is a necessary condition to retain billion-dollar technology corporations. KBC accepts reduced profit margins in some infrastructure projects to create a green production ecosystem that will stabilize cash flow for 20 to 30 years.
Reporting to the General Meeting, KBC's leaders stated that in 2025 alone, the company disbursed nearly VND 19,881 billion in direct investment (five times the amount in 2024). The total land bank increased by more than 3,000 hectares, including 2,200 hectares of industrial land stretching from Bac Ninh, Thai Nguyen, Hai Phong to Can Tho. Notably, the Khoai Chau urban, eco-tourism and golf complex project (featuring the Trump International brand) covers 889 hectares in Hung Yen.
CEO Nguyen Thi Thu Huong shared positive signals regarding investment attraction activities. At the Expanded Que Vo 2 Industrial Park, even though land clearance is not yet complete, the entire area has already been leased by a major investor to develop a new sector unprecedented in Vietnam. The Trang Due 3 Industrial Park, Binh Giang Industrial Park, and Phu Binh Industrial Park are all under the scrutiny of large investors from Taiwan and South Korea, requiring areas of 100 hectares or more. "KBC currently only lacks readily available clean land, not investors," Ms. Huong affirmed.
At the end of the General Meeting, all proposals regarding the business plan, profit distribution plan, and long-term development strategy were approved by shareholders with a high percentage of agreement, opening a new chapter for KBC on its journey from industrial infrastructure developer to creator of a green and artificial intelligence economic ecosystem.
The General Meeting was successfully held and concluded at 11:50 AM on the same day.