Board Change • Jun 26
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Zane Lewis was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jun 04
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: S$1.3m (US$995k) This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 34% per year over the past 5 years. Revenue is less than US$1m (S$1.3m revenue, or US$995k). Market cap is less than US$10m (AU$4.18m market cap, or US$2.98m). New Risk • May 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 44% per year over the past 5 years. High level of non-cash earnings (278% accrual ratio). Market cap is less than US$10m (AU$4.18m market cap, or US$2.97m). Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Profit margins are more than 30% lower than last year (33% net profit margin). Revenue is less than US$5m (S$1.9m revenue, or US$1.5m). Board Change • Apr 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Zane Lewis was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 07
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Zane Lewis was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Oct 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m (S$310k revenue, or US$239k). Market cap is less than US$10m (AU$3.83m market cap, or US$2.50m). Announcement • Aug 29
8I Holdings Limited, Annual General Meeting, Sep 23, 2025 8I Holdings Limited, Annual General Meeting, Sep 23, 2025. Location: at 1557 keppel road, 01-01 singapore 089066, Australia New Risk • May 30
New major risk - Revenue and earnings growth Earnings have declined by 27% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m (S$315k revenue, or US$244k). Market cap is less than US$10m (AU$3.48m market cap, or US$2.24m). Announcement • Sep 27
8I Holdings Limited Announces Not to Seek Re-Election of Chay Yiowmin as Non-Executive Director, Effective 30 September 2024 8I Holdings Ltd. announced that Mr. Chay Yiowmin, who has served as a Non-Executive Director since September 2014, has decided not to seek re-election. His tenure will officially conclude on 30 September 2024, prior to the AGM. Consequently, he will not be required to attend the AGM. Mr. Chay's decision to step down aligns with the Company's commitment to fostering board renewal, a key element of good corporate governance. Regular board refreshment helps to introduce fresh perspectives and ensures that the Company benefits from diverse viewpoints as it continues to grow and evolve. Moreover, it reduces the risk that long-serving directors may become less impartial over time, supporting a stronger governance framework. Announcement • Sep 06
8I Holdings Limited, Annual General Meeting, Sep 30, 2024 8I Holdings Limited, Annual General Meeting, Sep 30, 2024, at 09:00 Singapore Standard Time. Location: at 1557 keppel road -01-01, Singapore Board Change • Jul 26
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. Independent Non-Executive Director Charles Mac was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Non-Executive Director Charles Mac was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 01
First half 2024 earnings released: S$0.003 loss per share (vs S$0.02 loss in 1H 2023) First half 2024 results: S$0.003 loss per share (improved from S$0.02 loss in 1H 2023). Revenue: S$626.6k (down 89% from 1H 2023). Net loss: S$419.4k (loss narrowed 94% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Board Change • Oct 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Non-Executive Director Charles Mac was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 02
8I Holdings Limited, Annual General Meeting, Sep 26, 2023 8I Holdings Limited, Annual General Meeting, Sep 26, 2023, at 09:00 Singapore Standard Time. Location: 1557 Keppel Road #01-01 Singapore Singapore Agenda: To consider the Annual Financial Statements of the Company and its controlled entities for the year ended 31 March 2023, which includes the Financial Statements, the Directors' Statement and the Auditor's Report; to consider Approval of Appointment of Auditor; to consider Re-Election of Charles Mac as a Director; to consider Approval of Directors' Fees; to consider Approval to Issue Shares and Instruments; to consider Approval of On-Market Share Buy-Back Mandate; to consider Approval of Employee Securities Incentive Plan; and to consider other matters. Reported Earnings • Jul 05
Full year 2023 earnings released: S$0.035 loss per share (vs S$0.004 loss in FY 2022) Full year 2023 results: S$0.035 loss per share (further deteriorated from S$0.004 loss in FY 2022). Revenue: S$14.2m (down 50% from FY 2022). Net loss: S$12.4m (loss widened S$11.2m from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. New Risk • Jun 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.3m (US$9.60m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • Jun 02
Full year 2023 earnings released: S$0.031 loss per share (vs S$0.012 loss in FY 2022) Full year 2023 results: S$0.031 loss per share (further deteriorated from S$0.012 loss in FY 2022). Revenue: S$14.4m (down 41% from FY 2022). Net loss: S$11.1m (loss widened 166% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Reported Earnings • Dec 01
First half 2023 earnings released: S$0.02 loss per share (vs S$0.009 profit in 1H 2022) First half 2023 results: S$0.02 loss per share (down from S$0.009 profit in 1H 2022). Revenue: S$5.88m (down 68% from 1H 2022). Net loss: S$7.05m (down 314% from profit in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Charles Mac was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Aug 03
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Charles Mac was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Jun 25
8I Holdings Limited, Annual General Meeting, Jul 25, 2022 8I Holdings Limited, Annual General Meeting, Jul 25, 2022, at 10:00 Singapore Standard Time. Location: 1557 Keppel Road #01-01 Singapore Singapore Agenda: To consider annual financial statements of the Company and its control ed entities for the year ended 31 March 2022, which includes the Financial Statements, the Directors' Statement and the Auditor's Report; to consider re-election of Chay Yiowmin as a Director; to consider approval of appointment of Auditor; to consider approval of Directors' fees; to consider approval to issue shares and instruments; to consider approval of on-market share buy-back mandate; and to transact such other business issues. Reported Earnings • Jun 02
Full year 2022 earnings released: S$1.16 loss per share (vs S$0.022 profit in FY 2021) Full year 2022 results: S$1.16 loss per share (down from S$0.022 profit in FY 2021). Revenue: S$25.9m (down 21% from FY 2021). Net loss: S$4.16m (down 152% from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 178 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Charles Mac was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jun 01
Full year 2021 earnings released: EPS S$0.022 (vs S$0.01 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: S$33.8m (up 242% from FY 2020). Net income: S$7.95m (up S$11.6m from FY 2020). Profit margin: 24% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Oct 22
New 90-day high: AU$0.27 The company is up 77% from its price of AU$0.15 on 24 July 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is down 12% over the same period. 
