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 year-over-year for fiscal year 2024 [2][3] - The company has initiated a share repurchase program to buy back up to 500,000 Class A Ordinary Shares, reflecting confidence in its long-term business fundamentals [3] - Recent strategic investments and partnerships, including a collaboration with MeeshQ and The Pinkfong Company, aim to expand VSME's market presence and enhance revenue opportunities [3][4] Financial Performance - VSME achieved a 12.7% increase in campaign-based marketing, showcasing growth in its creator and brand base [2] - The company expects business activities to recover, driven by cross-regional brand partnerships and the resumption of social commerce [2] Strategic Developments - In February 2024, VSME made a strategic investment in MeeshQ, connecting global talents with local brands in Asia Pacific, and plans to launch ventures featuring high-profile talents [3] - VSME partnered with The Pinkfong Company and King Parrot Group to launch a family-oriented event in Hong Kong, demonstrating its ability to collaborate with top-tier content creators [4] - The company expanded into Macau, signing marketing services deals with major local entities to enhance brand awareness and engagement [5] Company Overview - Founded in 2013, VSME manages a network of over 1,500 digital creators and 1,000 brands across Asia Pacific, focusing on content-driven social commerce and effective marketing services [7]