VS Media Provides Recent Updates to Shareholders

Core Insights - VS Media Holdings Limited (VSME) reported a strong financial performance with nearly $8 million in revenue for fiscal year 2023 and anticipates a 20% revenue growth for fiscal year 2024 [2][3] - The company is actively expanding its market presence through strategic partnerships and investments, including a collaboration with MeeshQ and a new venture in Macau [3][5] Financial Performance - VSME achieved a 12.7% increase in campaign-based marketing [2] - The company expects a revenue growth of 20% year-over-year for fiscal year 2024 [2] Strategic Initiatives - The Board of Directors approved a share repurchase program allowing the purchase of up to 500,000 Class A Ordinary Shares [3] - VSME entered a strategic investment in MeeshQ, connecting global talents with local brands in Asia Pacific [3] - A partnership with The Pinkfong Company and King Parrot Group led to the launch of a family-oriented event in Hong Kong [4] Market Expansion - VSME expanded into Macau, enhancing its presence in the Asian market and signing marketing service deals with major local entities [5] - The company is leveraging its experience in digital marketing and influencer engagement to support Macau businesses [5] Future Outlook - VSME is confident in its long-term business fundamentals and looks forward to continued growth and success in 2024 and beyond [6]