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]

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]

Core Insights - VS Media Holdings Limited reported a full year revenue of $7.99 million for fiscal year 2023, a decrease from $9.03 million in the previous year [3][4] - The company experienced a 12.7% year-over-year growth in campaign-based marketing services revenue, reaching $4.40 million, with a significant 105.7% growth in Hong Kong SAR [3][4] - For fiscal year 2024, the company expects a revenue increase of 20%, driven by cross-regional brand partnerships, AI-enabled digital content, and a recovery in social commerce [5][2] Financial Performance - The gross profit for 2023 was $1.64 million, down from $2.28 million in 2022, resulting in a gross margin of 20.5% [3][4] - The net loss for the year was $6.59 million, compared to a net loss of $3.52 million in the prior year, primarily due to one-time expenses related to listing [3][4] - Operating cash flow improved to $7.24 million from $2.05 million in the previous year [3] Strategic Initiatives - The company announced a share repurchase program, authorizing the purchase of up to 500,000 Class A Ordinary Shares, effective for one year [6][7] - Recent strategic investments include a partnership with MeeshQ, a creative venture studio, aimed at connecting talents with local brands in Asia Pacific [9] - VS Media also launched a VS Lounge in collaboration with The Pinkfong Company and King Parrot Group, showcasing its ability to engage with top-tier content creators [10] Market Outlook - The company anticipates recovery in its business activities in 2024, particularly in social commerce, which was temporarily suspended in 2023 [5][2] - The management is optimistic about the impact of strategic partnerships and new market entries on revenue growth [2][5] - The expansion into Macau is expected to enhance the company's presence in the Asian market, leveraging its expertise in digital marketing [11]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ...