New Risk • May 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$764.0m (US$97.6m) This is considered a minor 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 • Mar 21
Full year 2025 earnings released: HK$0.45 loss per share (vs HK$0.51 loss in FY 2024) Full year 2025 results: HK$0.45 loss per share (improved from HK$0.51 loss in FY 2024). Revenue: HK$2.05b (down 8.2% from FY 2024). Net loss: HK$226.8m (loss narrowed 10% from FY 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Mar 20
Phoenix Media Investment (Holdings) Limited, Annual General Meeting, Jun 03, 2026 Phoenix Media Investment (Holdings) Limited, Annual General Meeting, Jun 03, 2026, at 15:00 China Standard Time. Location: no. 2-6 dai king street, tai po industrial estate, tai po, new territories, Hong Kong New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Significant insider selling over the past 3 months (HK$1.6m sold). Announcement • Mar 09
Phoenix Media Investment (Holdings) Limited to Report Fiscal Year 2025 Results on Mar 20, 2026 Phoenix Media Investment (Holdings) Limited announced that they will report fiscal year 2025 results on Mar 20, 2026 New Risk • Sep 27
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: HK$6.5m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Significant insider selling over the past 3 months (HK$6.5m sold). New Risk • Sep 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 19
First half 2025 earnings released: HK$0.41 loss per share (vs HK$0.37 loss in 1H 2024) First half 2025 results: HK$0.41 loss per share (further deteriorated from HK$0.37 loss in 1H 2024). Revenue: HK$873.7m (down 16% from 1H 2024). Net loss: HK$205.3m (loss widened 11% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Aug 04
Phoenix Media Investment (Holdings) Limited to Report First Half, 2025 Results on Aug 15, 2025 Phoenix Media Investment (Holdings) Limited announced that they will report first half, 2025 results on Aug 15, 2025 Reported Earnings • Apr 25
Full year 2024 earnings released: HK$0.51 loss per share (vs HK$0.52 loss in FY 2023) Full year 2024 results: HK$0.51 loss per share (improved from HK$0.52 loss in FY 2023). Revenue: HK$2.24b (down 9.4% from FY 2023). Net loss: HK$252.6m (loss narrowed 2.5% from FY 2023). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 22
Full year 2024 earnings released: HK$0.51 loss per share (vs HK$0.52 loss in FY 2023) Full year 2024 results: HK$0.51 loss per share (improved from HK$0.52 loss in FY 2023). Revenue: HK$2.24b (down 9.4% from FY 2023). Net loss: HK$252.6m (loss narrowed 2.5% from FY 2023). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. New Risk • Mar 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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 Risk Earnings have declined by 2.4% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (HK$654.2m market cap, or US$84.2m). Announcement • Mar 10
Phoenix Media Investment (Holdings) Limited to Report Fiscal Year 2024 Results on Mar 21, 2025 Phoenix Media Investment (Holdings) Limited announced that they will report fiscal year 2024 results on Mar 21, 2025 Reported Earnings • Aug 21
First half 2024 earnings released: HK$0.37 loss per share (vs HK$0.26 loss in 1H 2023) First half 2024 results: HK$0.37 loss per share (further deteriorated from HK$0.26 loss in 1H 2023). Revenue: HK$1.04b (down 8.0% from 1H 2023). Net loss: HK$184.5m (loss widened 43% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Announcement • Aug 16
Phoenix Media Investment (Holdings) Limited Announces Board and Board Committee Changes The board (the "Board") of directors (the "Director(s)") of Phoenix Media Investment (Holdings) Limited announced that Mr. SUN Guangqi ("Mr. SUN") has resigned as a Non-executive Director of the Company (the "Non-executive Director") with effect from 16 August 2024 due to other work arrangement. The Board also announces that Mr. DING Wei ("Mr. DING") and Mr. QIU Baohua ("Mr. QIU") have been appointed as Non-executive Directors both with effect from 16 August 2024. The biographical details of Mr. DING and Mr. QIU are as follows: Mr. DING, aged 55, is currently the deputy general manager of both Bauhinia Culture Holdings Limited (which wholly-owned Bauhinia Culture (Hong Kong) Holdings Limited ("Bauhinia HK"), a substantial shareholder of the Company) and Bauhinia HK. Prior to his current position, Mr. Ding worked in People's Daily, and served as the deputy director of the news coordination department of People's Daily and the director of the new media centre of People's Daily. He holds a bachelor's degree in laws from Tianjin University and a bachelor's degree in arts from Beijing Broadcasting Institute. Mr. QIU, aged 46, is currently the interim person-in-charge of the department of market operation of China Mobile Communications Group Co. Ltd. ("CMCC", which indirectly through China Mobile (Hong Kong) Group Limited wholly-owned Extra Step Investments Limited, a substantial shareholder of the Company). He joined CMCC in August 1999, and had served as deputy general manager of Statistics Department of China Mobile Group Fujian Co. Ltd. ("Fujian Ltd."); deputy general manager of Xiamen Branch of Fujian Ltd.; secretary of the Party Committee and general manager of Putian Branch of Fujian Ltd.; Party Committee member, director and deputy general manager of Fujian Ltd.; and secretary of Party Committee, chairman to the board and general manager of China Mobile Group Guangxi Co. Ltd. Mr. QIU is a senior engineer and holds a master's degree in project management from Nanjing University of
Posts and Telecommunications. The Board further announces that Mr. QIU has been appointed as a member of Remuneration Committee of the Company with effect from 16 August 2024. Announcement • Aug 06
Phoenix Media Investment (Holdings) Limited to Report First Half, 2024 Results on Aug 16, 2024 Phoenix Media Investment (Holdings) Limited announced that they will report first half, 2024 results on Aug 16, 2024 New Risk • Jul 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$749.0m (US$95.9m) This is considered a minor 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$749.0m market cap, or US$95.9m). Reported Earnings • Mar 16
Full year 2023 earnings released: HK$0.52 loss per share (vs HK$0.77 loss in FY 2022) Full year 2023 results: HK$0.52 loss per share (improved from HK$0.77 loss in FY 2022). Revenue: HK$2.47b (down 18% from FY 2022). Net loss: HK$259.0m (loss narrowed 32% from FY 2022). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Announcement • Mar 16
Phoenix Media Investment (Holdings) Limited, Annual General Meeting, Jun 05, 2024 Phoenix Media Investment (Holdings) Limited, Annual General Meeting, Jun 05, 2024, at 15:00 China Standard Time. Location: No. 2-6 Dai King Street Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong Hong Kong China Announcement • Mar 05
Phoenix Media Investment (Holdings) Limited to Report Fiscal Year 2023 Results on Mar 15, 2024 Phoenix Media Investment (Holdings) Limited announced that they will report fiscal year 2023 results on Mar 15, 2024 Board Change • Mar 05
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Longshan Zhou was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Aug 19
First half 2023 earnings released: HK$0.026 loss per share (vs HK$0.066 loss in 1H 2022) First half 2023 results: HK$0.026 loss per share (improved from HK$0.066 loss in 1H 2022). Revenue: HK$1.13b (down 24% from 1H 2022). Net loss: HK$129.2m (loss narrowed 61% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Aug 08
Phoenix Media Investment (Holdings) Limited to Report First Half, 2023 Results on Aug 18, 2023 Phoenix Media Investment (Holdings) Limited announced that they will report first half, 2023 results on Aug 18, 2023 Announcement • Jun 30
Phoenix Media Investment (Holdings) Limited Announces Resignation of JIAN Qin as A Non-Executive Director and A Member of the Remuneration Committee The board of directors of Phoenix Media Investment (Holdings) Limited (the "Company") announced that Mr. JIAN Qin ("Mr. JIAN") has tendered his resignation as a non-executive Director and a member of the remuneration committee (the "Remuneration Committee") of the Company due to other work arrangement, with effect from 29 June 2023. Announcement • May 13
Phoenix Media Investment (Holdings) Limited Appoints Li Qi as Chief Operating Officer Phoenix Media Investment (Holdings) Limited announce that Mr. LI Qi ("Mr. LI") has been appointed as the Chief Operating Officer (the "COO") of the Group with effect from 12 May 2023. Mr. LI, aged 44, joined Phoenix Satellite Television Company Limited in July 2021. He is currently the Executive Vice President (the "EVP") of the Group and director of certain subsidiaries of the Company, responsible for the Group's financial budgeting, capital investments and daily operations. As EVP and COO, Mr. LI will continue to be responsible for the Group's financial budgeting, capital investments and daily operations. The Board would like to convey its warmest regards to Mr. LI for his new title. Reported Earnings • Mar 18
Full year 2022 earnings released: HK$0.077 loss per share (vs HK$0.091 loss in FY 2021) Full year 2022 results: HK$0.077 loss per share (improved from HK$0.091 loss in FY 2021). Revenue: HK$3.00b (down 4.9% from FY 2021). Net loss: HK$382.5m (loss narrowed 16% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 8% per year. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Longshan Zhou was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Aug 20
First half 2022 earnings released: HK$0.066 loss per share (vs HK$0.049 loss in 1H 2021) First half 2022 results: HK$0.066 loss per share (down from HK$0.049 loss in 1H 2021). Revenue: HK$1.49b (up 7.4% from 1H 2021). Net loss: HK$330.5m (loss widened 35% from 1H 2021). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • Aug 18
Phoenix Media Investment (Holdings) Limited Provides Earnings Outlook for the Third Quarter of 2022 Phoenix Media Investment (Holdings) Limited provided earnings outlook for the third quarter of 2022. For the period, the company expects its total revenues to be between RMB 197.2 million and RMB 217.2 million; net advertising revenues are expected to be between RMB 179.6 million and RMB 194.6 million; and paid services revenues are expected to be between RMB 17.6 million and RMB 22.6 million. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director LongShan Zhou was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 26
Phoenix Media Investment (Holdings) Limited, Annual General Meeting, Jun 06, 2022 Phoenix Media Investment (Holdings) Limited, Annual General Meeting, Jun 06, 2022, at 15:00 China Standard Time. Location: No. 2-6 Dai King Street, Tai Po Industrial Estate, Tai Po, New Territories Hong Kong Agenda: To receive and consider the audited consolidated financial statements and the reports of the directors of the Company and independent auditor for the year ended 31 December 2021; to re-elect Mr. XU Wei as executive Director; to re-elect Mr. SUN Yusheng as executive Director; to re-elect Ms. HO Chiu King, Pansy Catilina as non-executive Director; to re-elect Mr. SUN Guangqi as non-executive Director; to re-elect Mr. ZHOU Longshan as independent non-executive Director; to re-elect Mr. JIAN Qin as non-executive Director; and to discuss other matters. Announcement • Feb 26
Phoenix Media Investment (Holdings) Limited Provides Consolidated Earnings Guidance for the Year Ended 31 December 202 Phoenix Media Investment (Holdings) Limited provided consolidated earnings guidance for the year ended 31 December 2021. For the period, it is expected that the loss attributable to the owners the owners of the Company recorded for the Year will be approximately HKD 500 million, as compared with the loss of approximately HKD 1.037 billion recorded for the year of 2020. The loss attributable to the owners of the Company of approximately HKD 1.037 billion for last year had included the share of fair value loss of the Group's internet media investment of approximately HKD 530 million in accordance with the accounting standards. Since the disposal of investment in Yidian Zixun from the Internet media investment was completed on 19 October 2020, the fair value loss recorded for the Year is expected to be significantly reduced. Executive Departure • Nov 29
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 29
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 28
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 28
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 28
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 28
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 28
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 28
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 28
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 28
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 28
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 28
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 28
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 28
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 28
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 28
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 27
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 27
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 27
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 27
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 27
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 27
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 27
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 27
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 27
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 27
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 27
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 27
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 27
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 27
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 27
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 27
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 27
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 26
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 26
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 26
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 26
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 26
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 26
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 26
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 26
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 26
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 26
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 26
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 26
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 26
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 26
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 26
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 26
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 26
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 25
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 25
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 25
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 25
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 25
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 25
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. Executive Departure • Nov 25
Non-Executive Director Qiang Chang Sun has left the company On the 23rd of November, Qiang Chang Sun's tenure as Non-Executive Director ended after 2.3 years in the role. We don't have any record of a personal shareholding under Qiang Chang's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.42 years. 
