New Risk • May 04
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 11% 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. Recent Insider Transactions • Apr 12
Executive Chairman of the Board & CEO recently bought HK$183k worth of stock On the 8th of April, Qing Li bought around 121k shares on-market at roughly HK$1.51 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$644k. Qing has been a buyer over the last 12 months, purchasing a net total of HK$2.0m worth in shares. Recent Insider Transactions • Mar 25
Executive Chairman of the Board & CEO recently bought HK$644k worth of stock On the 23rd of March, Qing Li bought around 457k shares on-market at roughly HK$1.41 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Qing has been a buyer over the last 12 months, purchasing a net total of HK$1.2m worth in shares. Reported Earnings • Mar 23
Full year 2025 earnings released: CN¥0.05 loss per share (vs CN¥0.37 loss in FY 2024) Full year 2025 results: CN¥0.05 loss per share (improved from CN¥0.37 loss in FY 2024). Revenue: CN¥1.30b (up 14% from FY 2024). Net loss: CN¥36.7m (loss narrowed 87% from FY 2024). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Announcement • Mar 20
Archosaur Games Inc., Annual General Meeting, Jun 26, 2026 Archosaur Games Inc., Annual General Meeting, Jun 26, 2026. Announcement • Mar 10
Archosaur Games Inc. to Report Fiscal Year 2025 Results on Mar 20, 2026 Archosaur Games Inc. announced that they will report fiscal year 2025 results on Mar 20, 2026 Reported Earnings • Sep 28
First half 2025 earnings released: CN¥0.015 loss per share (vs CN¥0.17 loss in 1H 2024) First half 2025 results: CN¥0.015 loss per share (improved from CN¥0.17 loss in 1H 2024). Revenue: CN¥634.4m (up 44% from 1H 2024). Net loss: CN¥11.7m (loss narrowed 91% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 23
First half 2025 earnings released: CN¥0.015 loss per share (vs CN¥0.17 loss in 1H 2024) First half 2025 results: CN¥0.015 loss per share (improved from CN¥0.17 loss in 1H 2024). Revenue: CN¥634.4m (up 44% from 1H 2024). Net loss: CN¥11.7m (loss narrowed 91% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Aug 12
Archosaur Games Inc. to Report First Half, 2025 Results on Aug 22, 2025 Archosaur Games Inc. announced that they will report first half, 2025 results on Aug 22, 2025 Reported Earnings • Apr 25
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: CN¥0.37 loss per share (improved from CN¥0.40 loss in FY 2023). Revenue: CN¥1.14b (up 26% from FY 2023). Net loss: CN¥287.2m (loss narrowed 9.0% from FY 2023). Revenue exceeded analyst estimates by 8.1%. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 22
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: CN¥0.37 loss per share (improved from CN¥0.40 loss in FY 2023). Revenue: CN¥1.14b (up 26% from FY 2023). Net loss: CN¥287.2m (loss narrowed 9.0% from FY 2023). Revenue exceeded analyst estimates by 8.1%. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Announcement • Mar 21
Archosaur Games Inc., Annual General Meeting, Jun 13, 2025 Archosaur Games Inc., Annual General Meeting, Jun 13, 2025. Announcement • Mar 11
Archosaur Games Inc. to Report Fiscal Year 2024 Results on Mar 21, 2025 Archosaur Games Inc. announced that they will report fiscal year 2024 results on Mar 21, 2025 Reported Earnings • Sep 28
First half 2024 earnings released: CN¥0.17 loss per share (vs CN¥0.30 loss in 1H 2023) First half 2024 results: CN¥0.17 loss per share (improved from CN¥0.30 loss in 1H 2023). Revenue: CN¥439.4m (up 9.2% from 1H 2023). Net loss: CN¥134.0m (loss narrowed 43% from 1H 2023). Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Entertainment industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. New Risk • Sep 16
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 10% 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. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (CN¥5.7m net loss next year). Share price has been volatile over the past 3 months (10% average weekly change). Reported Earnings • Aug 27
First half 2024 earnings released: CN¥0.17 loss per share (vs CN¥0.30 loss in 1H 2023) First half 2024 results: CN¥0.17 loss per share (improved from CN¥0.30 loss in 1H 2023). Revenue: CN¥439.4m (up 9.2% from 1H 2023). Net loss: CN¥134.0m (loss narrowed 43% from 1H 2023). Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Entertainment industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings. New Risk • Aug 26
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: CN¥217m Forecast net loss in 1 year: CN¥5.7m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Breakeven Date Change • Aug 26
Forecast breakeven date pushed back to 2025 The analyst covering Archosaur Games previously expected the company to break even in 2024. New forecast suggests losses will reduce by 70% to 2024. The company is expected to make a profit of CN¥86.0m in 2025. Average annual earnings growth of 149% is required to achieve expected profit on schedule. Announcement • Aug 23
Archosaur Games Inc. Announces Board and Committees Changes The board of directors of Archosaur Games Inc. announced the resignation of the following two Directors with effect from 23 August 2024: (1) Ms. Liu Ming ("Ms. Liu") has tendered her resignation as a non-executive Director of the Company due to work relocation. (2) Mr. Bai Kun ("Mr. Bai") has tendered his resignation as an independent non-executive Director, the chairman of the remuneration committee and a member of the audit committee and the nomination committee of the Company in order to devote more time to his other work commitments. The Board further announced that, Mr. Li Nachuan ("Mr. Li") has been appointed as a non-executive Director of the Company with effect from 23 August 2024. Mr. Li, aged 40, is appointed as a non-executive Director of the Company with effect from 23 August 2024. Mr. Li is primarily responsible for supervising the management of the Group. Mr. Li has extensive experience in the game industry, as well as relevant experience in the accounting and finance industry. From September 2008 to December 2010, he served as a senior manager at KPMG in Chicago, the United States. From February 2011 to November 2012, he worked as an analyst and vice president at China Merchants Securities (HK) Co., Limited. Since January 2013, he has been working in Tencent group (Tencent Holdings Limited, a company listed on the Stock Exchange, and its subsidiaries), currently serving as deputy general manager of the business development department of Tencent Interactive Entertainment Group. Since August 2021, he has been serving as a director of Zhejiang Century Huatong Group Co. Ltd. Mr. Li obtained a bachelor's degree in Economics from Beijing Institute of Technology in June 2006 and a master's degree in Finance and a master's degree in Accounting from the University of Illinois at Urbana-Champaign in the United States in May 2007 and December 2007, respectively. Mr. Li obtained the qualification as a Chartered Financial Analyst (CFA) Level III and in November 2008 obtained his Certified Public Accountant qualification in the State of Illinois, the United States. The Board further announced that, Ms. Wang Jing has been appointed as an independent non-executive Director, the chairperson of the remuneration committee and a member of the audit committee and the nomination committee of the Company with effect from 23 August 2024. Ms. Wang, aged 49, is appointed as an independent non-executive Director of the Company with effect from 23 August 2024. Ms. Wang is primarily responsible for supervising the Board and providing independent judgement. Ms. Wang has extensive experience in the accounting industry, as well as relevant experience in the insurance industry. From August 1997 to June 2007, she served as an audit manager at PricewaterhouseCoopers in China. From July 2007 to June 2015, she was an audit partner of Ernst & Young Hua Ming LLP in China, where she was primarily responsible for managing and leading the audit team. Since August 2016, she has been serving as the chief financial officer of Qingsong Health Corporation and its subsidiary, Guangdong Easy Insurance Brokerage Co. Ltd., where she is primarily responsible for the company's financial strategic planning and financial management. Ms. Wang obtained a bachelor's degree in overseas financial accounting from the Central University of Finance and Economics in Beijing in July 1997. She obtained the Certificate for Passing All the Required Subjects of the National Uniform CPA Examination issued by the Ministry of Finance of the PRC in May 2000 and became a non-practicing member of the Chinese Institute of Certified Public Accountants in April 2017. Announcement • Aug 14
Archosaur Games Inc. to Report First Half, 2024 Results on Aug 23, 2024 Archosaur Games Inc. announced that they will report first half, 2024 results on Aug 23, 2024 Reported Earnings • Apr 24
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: CN¥0.40 loss per share (improved from CN¥0.98 loss in FY 2022). Revenue: CN¥908.5m (up 56% from FY 2022). Net loss: CN¥315.6m (loss narrowed 59% from FY 2022). Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Entertainment industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 24
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: CN¥0.40 loss per share (improved from CN¥0.98 loss in FY 2022). Revenue: CN¥908.5m (up 56% from FY 2022). Net loss: CN¥315.6m (loss narrowed 59% from FY 2022). Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Entertainment industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 58% per year, which means it is performing significantly worse than earnings. Announcement • Mar 23
Archosaur Games Inc., Annual General Meeting, Jun 14, 2024 Archosaur Games Inc., Annual General Meeting, Jun 14, 2024. Announcement • Mar 13
Archosaur Games Inc. to Report Fiscal Year 2023 Results on Mar 22, 2024 Archosaur Games Inc. announced that they will report fiscal year 2023 results on Mar 22, 2024 Announcement • Jan 24
Archosaur Games Inc. (SEHK:9990) commences an Equity Buyback Plan for 80,002,263 shares, representing 10% of its issued share capital, under the authorization approved on June 16, 2023. Archosaur Games Inc. (SEHK:9990) commences share repurchases on January 24, 2024, under the program mandated by the shareholders in the Annual General Meeting held on June 16, 2023. As per the mandate, the company is authorized to repurchase up to 80,002,263 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value per share and/or earnings per share for the company. The repurchases will be made out of the funds legally available for such purpose in accordance with its Bye-Laws and the applicable laws of Cayman Islands. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting. As of June 16, 2023, the company had 800,022,630 shares in issue.
On January 23, 2024, the company announced a share repurchase program. Under the program, the company will repurchase HKD 100 million worth of shares. The company will finance the share repurchase plan from its existing available cash reserves and free cash flow. New Risk • Aug 28
New major risk - Revenue and earnings growth Earnings have declined by 30% 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 Risk Earnings have declined by 30% per year over the past 5 years. Minor Risk Currently unprofitable and not forecast to become profitable next year (CN¥25m net loss next year). Reported Earnings • Aug 26
First half 2023 earnings released: CN¥0.30 loss per share (vs CN¥0.39 loss in 1H 2022) First half 2023 results: CN¥0.30 loss per share (improved from CN¥0.39 loss in 1H 2022). Revenue: CN¥402.3m (up 22% from 1H 2022). Net loss: CN¥233.0m (loss narrowed 25% from 1H 2022). Revenue is forecast to grow 59% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Entertainment industry in Hong Kong. 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 47% per year, which means it is significantly lagging earnings. Announcement • Aug 16
Archosaur Games Inc. to Report First Half, 2023 Results on Aug 25, 2023 Archosaur Games Inc. announced that they will report first half, 2023 results on Aug 25, 2023 Breakeven Date Change • Mar 29
Forecast to breakeven in 2023 The 3 analysts covering Archosaur Games expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CN¥238.0m in 2023. Earnings growth of 120% is required to achieve expected profit on schedule. Reported Earnings • Mar 26
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: CN¥0.98 loss per share (further deteriorated from CN¥0.38 loss in FY 2021). Revenue: CN¥584.1m (down 37% from FY 2021). Net loss: CN¥768.5m (loss widened 153% from FY 2021). Revenue missed analyst estimates by 9.0%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 50% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Entertainment industry in Hong Kong. Breakeven Date Change • Mar 26
Forecast breakeven date pushed back to 2024 The 3 analysts covering Archosaur Games previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 98% to 2023. The company is expected to make a profit of CN¥137.4m in 2024. Average annual earnings growth of 156% is required to achieve expected profit on schedule. Major Estimate Revision • Mar 13
Consensus revenue estimates fall by 26% The consensus outlook for revenues in fiscal year 2022 has deteriorated. 2022 revenue forecast decreased from CN¥879.6m to CN¥648.6m. Forecast losses increased from -CN¥0.594 to -CN¥0.849 per share. Entertainment industry in Hong Kong expected to see average net income growth of 85% next year. Consensus price target up from HK$4.68 to HK$5.42. Share price was steady at HK$6.77 over the past week. Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Executive Chairman of the Board & CEO Qing Li is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Director Kun Bai 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. Lack of experienced directors. Major Estimate Revision • Sep 02
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥1.12b to CN¥992.6m. EPS estimate unchanged from -CN¥0.43 per share at last update. Entertainment industry in Hong Kong expected to see average net income growth of 86% next year. Consensus price target down from HK$6.91 to HK$5.66. Share price fell 9.9% to HK$3.63 over the past week. Reported Earnings • Aug 27
First half 2022 earnings released: CN¥0.39 loss per share (vs CN¥0.11 loss in 1H 2021) First half 2022 results: CN¥0.39 loss per share (down from CN¥0.11 loss in 1H 2021). Revenue: CN¥329.8m (down 40% from 1H 2021). Net loss: CN¥308.9m (loss widened 260% from 1H 2021). Over the next year, revenue is forecast to grow 154%, compared to a 30% growth forecast for the Entertainment industry in Hong Kong. Major Estimate Revision • Aug 15
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CN¥899.8m to CN¥1.12b. EPS estimate fell from -CN¥0.42 to -CN¥0.43 per share. Entertainment industry in Hong Kong expected to see average net income growth of 14% next year. Consensus price target down from HK$7.68 to HK$7.08. Share price was steady at HK$4.27 over the past week. Recent Insider Transactions • Jul 21
Executive Chairman of the Board & CEO recently bought HK$3.0m worth of stock On the 18th of July, Qing Li bought around 620k shares on-market at roughly HK$4.91 per share. In the last 3 months, they made an even bigger purchase worth HK$4.1m. Qing has been a buyer over the last 12 months, purchasing a net total of HK$16m worth in shares. Recent Insider Transactions • Jun 25
Executive Chairman of the Board & CEO recently bought HK$4.1m worth of stock On the 24th of June, Qing Li bought around 700k shares on-market at roughly HK$5.84 per share. This was the largest purchase by an insider in the last 3 months. Qing has been a buyer over the last 12 months, purchasing a net total of HK$6.5m worth in shares. Reported Earnings • May 03
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: CN¥0.38 loss per share (up from CN¥1.42 loss in FY 2020). Revenue: CN¥920.8m (down 24% from FY 2020). Net loss: CN¥303.3m (loss narrowed 60% from FY 2020). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 51%. Over the next year, revenue is forecast to grow 141%, compared to a 30% growth forecast for the industry in Hong Kong. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Executive Chairman of the Board & CEO Qing Li is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Director Kun Bai 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. Lack of experienced directors. Executive Departure • Oct 03
Independent Non-Executive Director Xuan Ge has left the company On the 24th of September, Xuan Ge's tenure as Independent Non-Executive Director ended after 1.3 years in the role. We don't have any record of a personal shareholding under Xuan's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.25 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Sep 28
First half 2021 earnings released: CN¥0.11 loss per share (vs CN¥2.46 loss in 1H 2020) The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: CN¥553.8m (down 8.0% from 1H 2020). Net loss: CN¥85.8m (loss narrowed 89% from 1H 2020). Reported Earnings • Aug 27
First half 2021 earnings released: CN¥0.11 loss per share (vs CN¥2.46 loss in 1H 2020) The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: CN¥553.8m (down 8.0% from 1H 2020). Net loss: CN¥85.8m (loss narrowed 89% from 1H 2020). Recent Insider Transactions • Jul 20
Executive Chairman of the Board & CEO recently bought HK$1.1m worth of stock On the 19th of July, Qing Li bought around 100k shares on-market at roughly HK$11.41 per share. This was the largest purchase by an insider in the last 3 months. Qing has been a buyer over the last 12 months, purchasing a net total of HK$12m worth in shares. Reported Earnings • Apr 29
Full year 2020 earnings released: CN¥1.42 loss per share (vs CN¥0.34 profit in FY 2019) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: CN¥1.21b (up 13% from FY 2019). Net loss: CN¥759.0m (down CN¥878.4m from profit in FY 2019). Reported Earnings • Mar 30
Full year 2020 earnings released: CN¥1.42 loss per share The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: CN¥1.21b (up 13% from FY 2019). Net loss: CN¥759.0m (down CN¥878.4m from profit in FY 2019). Announcement • Mar 18
Archosaur Games Inc. to Report Fiscal Year 2020 Results on Mar 29, 2021 Archosaur Games Inc. announced that they will report fiscal year 2020 results on Mar 29, 2021 Is New 90 Day High Low • Feb 24
New 90-day low: HK$17.72 The company is down 9.0% from its price of HK$19.50 on 26 November 2020. The Hong Kong market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 40% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$49.33 per share. Is New 90 Day High Low • Jan 21
New 90-day high: HK$23.80 The company is up 21% from its price of HK$19.60 on 23 October 2020. The Hong Kong market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$48.94 per share. Announcement • Jan 12
Archosaur Games Inc. Announces Change of Joint Company Secretary and Authorized Representatives The board of directors of Archosaur Games Inc. hereby announced that Ms. Fok Po Yi ("Ms. Fok"), who is a joint company secretary of the Company (the "Joint Company Secretary") and a vice president of SWCS Corporate Services Group (Hong Kong) Limited ("SWCS"), the external corporate services provider of the Company, has tendered her resignation as (i) Joint Company Secretary, (ii) an authorized representative of the Company under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") (the "Listing Rules"); and (iii) an authorized representative of the Company under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) for the acceptance of service of process and notices in Hong Kong (collectively, the "Authorized Representatives") due to her work arrangement (the "Resignation of Ms. Fok"). The Board announced that Ms. Zhang Xiao ("Ms. Zhang") has been appointed as a Joint Company Secretary and the Authorized Representatives (the "Appointment of Ms. Zhang"). Ms. Zhang is a manager of SWCS and has over seven years of experience in the corporate secretarial field. Ms. Zhang has been admitted as an associate member of both The Hong Kong Institute of Chartered Secretaries and The Chartered Governance Institute in the United Kingdom in 2019. The Company will apply to the Stock Exchange for a new waiver and the Resignation of Ms. Fok and the Appointment of Ms. Zhang will take effect from the date when the new waiver is granted by the Stock Exchange. The Company will make further announcement(s) in due course. Is New 90 Day High Low • Nov 10
New 90-day low: HK$17.00 The company is down 18% from its price of HK$20.80 on 12 August 2020. The Hong Kong market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$5.39 per share. Announcement • Nov 06
Archosaur Games Inc. Announces Executive Changes The board of directors of Archosaur Games Inc. announced that due to his other personal business arrangements, Mr. Yan Xinguang has tendered his resignation as a non-executive Director of the Company and a director of with effect from 5 November 2020. The Board further announced that, Mr. Lu Xiaoyin ("Mr. Lu") has been appointed as a non-executive Director of the Company and a director of Tianjin Loong Technology Co. Ltd. with effect from 5 November 2020. Mr. Lu, aged 41, is appointed as a non-executive Director of the Company with effect from 5 November 2020. Mr. Lu is primarily responsible for supervising the management of the Group. Recent Insider Transactions • Oct 30
Chairman of the Board & CEO recently bought HK$5.1m worth of stock On the 22nd of October, Qing Li bought around 240k shares on-market at roughly HK$21.21 per share. This was the largest purchase by an insider in the last 3 months. Qing has been a buyer over the last 12 months, purchasing a net total of HK$10.0m worth in shares. Is New 90 Day High Low • Oct 23
New 90-day low: HK$19.60 The company is down 2.0% from its price of HK$20.10 on 24 July 2020. The Hong Kong market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$5.40 per share. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total losses of CN¥572.3m, with earnings decreasing by CN¥594.5m from the prior year. Total revenue was CN¥1.35b over the last 12 months, up 40% from the prior year. Announcement • Aug 22
Archosaur Games Inc. to Report First Half, 2020 Results on Aug 28, 2020 Archosaur Games Inc. announced that they will report first half, 2020 results on Aug 28, 2020 Announcement • Jul 17
Archosaur Games Inc. has completed an IPO in the amount of HKD 2.17384 billion. Archosaur Games Inc. has completed an IPO in the amount of HKD 2.17384 billion.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 187,400,000
Price\Range: HKD 11.6
Discount Per Security: HKD 0.348
Transaction Features: Regulation S 
