Board Change • May 20
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Chairman of the Board Kit Yip is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Ankündigung • Oct 29
InFocus Group Holdings Limited, Annual General Meeting, Nov 28, 2025 InFocus Group Holdings Limited, Annual General Meeting, Nov 28, 2025. Location: at level 2, 100 james street, northbridge wa 6003., Australia Ankündigung • Sep 19
InFocus Group Holdings Limited announced that it has received AUD 0.45 million in funding from Obsidian Global Partners, LLC On September 18, 2025, InFocus Group Holdings Limited closed the transaction. The company issued convertible notes in the principal amount of AUD 250,000 for gross proceeds of AUD 250,000 in its second tranche. Reported Earnings • Aug 31
Full year 2025 earnings released: EPS: AU$0 (vs AU$0.047 loss in FY 2024) Full year 2025 results: EPS: AU$0. Revenue: AU$5.26m (up AU$4.43m from FY 2024). Net loss: AU$3.68m (loss widened 19% from FY 2024). Board Change • Aug 18
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Chairman of the Board Kit Yip is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Ankündigung • Feb 05
Frugl Group Limited (ASX:FGL) agreed to acquire Prodigy9 Co., Ltd. for AUD 0.65 million. InFocus Group Holdings Limited (ASX:FGL) agreed to acquire Prodigy9 Co., Ltd for AUD 0.65 million on October 3, 2024. As a part of consideration, InFocus Group Holdings Limited will issue 10,000,000 Shares to Prodigy9 and approval is given for the Company to issue 33,750,000 Performance Rights to Prodigy9 on the terms. The issue of the Consideration Shares and Performance Rights is subject to Shareholder approval pursuant to Resolutions 3 and 4, respectively. The Consideration Shares will be fully paid ordinary shares in the capital of the Company issued on the same terms and conditions as the Company’s existing Shares. The Company expects to issue the Consideration Shares within 5 Business Days of the Meeting. In any event, the Company will not issue any Consideration Shares later than three months after the date of the Meeting (or such later date to the extent permitted by any ASX waiver or modification of the Listing Rules). The Consideration Shares will be issued at a nil issue price, in part consideration for the Acquisition. 33,750,000 Performance Rights as follows: (a) 7,500,000 Tranche A Performance Rights; (b) 12,500,000 Tranche B Performance Rights; and (c) 13,750,000 Tranche C Performance Rights. The Performance Rights will be issued at a nil issue price, in part consideration for the Acquisition.
The transaction is subject to approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by acquirer shareholders, approval of offer by acquirer board, approval of offer by target shareholders and third party approval needed. The shareholders of InFocus Group Holdings Limited approved the transaction on November 8, 2024.
As of January 23, 2025, the expected completion date of the acquisition is on February 4, 2025.
InFocus Group Holdings Limited (ASX:FGL) completed the acquisition of Prodigy9 Co., Ltd on February 5, 2025. Prodigy9 Co., Ltd reported revenue of AUD 1.35 million for period ending December 31, 2024. Board Change • Feb 04
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Chairman of the Board Kit Yip is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Dec 24
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Chairman of the Board Kit Yip is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Ankündigung • Nov 28
InFocus Group Holdings Limited has completed a Follow-on Equity Offering in the amount of AUD 0.4 million. InFocus Group Holdings Limited has completed a Follow-on Equity Offering in the amount of AUD 0.4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Transaction Features: Subsequent Direct Listing Ankündigung • Nov 27
InFocus Group Holdings Limited has filed a Follow-on Equity Offering in the amount of AUD 0.4 million. InFocus Group Holdings Limited has filed a Follow-on Equity Offering in the amount of AUD 0.4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Transaction Features: Subsequent Direct Listing Ankündigung • Oct 09
Frugl Group Limited, Annual General Meeting, Nov 08, 2024 Frugl Group Limited, Annual General Meeting, Nov 08, 2024. Location: level 2, 100 james street, northbridge wa 6003 Australia Reported Earnings • Sep 30
Full year 2024 earnings released: AU$0.047 loss per share (vs AU$0.067 loss in FY 2023) Full year 2024 results: AU$0.047 loss per share. Revenue: AU$836.3k (up 346% from FY 2023). Net loss: AU$3.11m (loss widened 43% from FY 2023). Reported Earnings • Aug 31
Full year 2024 earnings released: EPS: AU$0 (vs AU$0.07 loss in FY 2023) Full year 2024 results: EPS: AU$0. Revenue: AU$1.26m (up AU$1.09m from FY 2023). Net loss: AU$2.93m (loss widened 29% from FY 2023). Board Change • Jun 12
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Chairman of the Board Kit Yip is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Ankündigung • Mar 15
Frugl Group Limited, Annual General Meeting, Apr 18, 2024 Frugl Group Limited, Annual General Meeting, Apr 18, 2024, at 12:30 W. Australia Standard Time. Location: Level 2, 100 James Street Northbridge Western Australia Australia Agenda: To approve ratification of prior issue of shares; to approve consolidation of capital; to approve adoption of employee securities incentive plan; and to approve change of company name. New Risk • Mar 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 94% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.1m free cash flow). Shareholders have been substantially diluted in the past year (94% increase in shares outstanding). Revenue is less than US$1m (AU$81k revenue, or US$53k). Market cap is less than US$10m (AU$10.4m market cap, or US$6.79m). New Risk • Feb 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.1m free cash flow). Revenue is less than US$1m (AU$81k revenue, or US$53k). Market cap is less than US$10m (AU$7.29m market cap, or US$4.77m). Minor Risk Shareholders have been diluted in the past year (36% increase in shares outstanding). Board Change • Feb 26
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Chairman of the Board Kit Yip is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Ankündigung • Jan 16
Frugl Group Limited, Annual General Meeting, Feb 19, 2024 Frugl Group Limited, Annual General Meeting, Feb 19, 2024, at 11:00 W. Australia Standard Time. Location: Level 2, 100 James Street Northbridge WA 6003 Northbridge Western Australia Australia Agenda: To approval to issue consideration shares; to ratification of prior issue of shares ; to ratification of prior issue of consultancy shares; to ratification of prior issue of shares ; and to consider other matter if any. Ankündigung • Dec 28
Frugl Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.437 million. Frugl Group Limited has completed a Follow-on Equity Offering in the amount of AUD 0.437 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 48,555,555
Price\Range: AUD 0.009
Transaction Features: Subsequent Direct Listing Ankündigung • Dec 27
Frugl Group Limited has filed a Follow-on Equity Offering in the amount of AUD 0.437 million. Frugl Group Limited has filed a Follow-on Equity Offering in the amount of AUD 0.437 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 48,555,555
Price\Range: AUD 0.009
Transaction Features: Subsequent Direct Listing Ankündigung • Nov 23
Frugl Group Limited announced that it has received AUD 0.22585 million in funding from Mulloway Pty Ltd. Frugl Group Limited announced a private placement of 26,570,588 fully paid ordinary shares at an issue price of AUD 0.0085 per share for the gross proceeds of AUD 225,849.998 on November 23, 2023. The transaction included participation from new investor Mulloway Pty Ltd. The Shares are subject to voluntary escrow for 12 months from the date of issue. Board Change • Nov 08
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Chairman of the Board Kit Yip is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Oct 18
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Chairman of the Board Kit Yip is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Ankündigung • Oct 11
Frugl Group Limited Announces Resignation of Sean Smith as Chief Executive Officer, Effective 5 January 2024 Frugl Group Limited announced that Mr. Sean Smith has tendered his resignation as the company's chief executive officer. The board has accepted this resignation with Mr. Smith stepping down from his responsibilities in this role effective from 5 January 2024. Ankündigung • Oct 10
Frugl Group Limited, Annual General Meeting, Nov 15, 2023 Frugl Group Limited, Annual General Meeting, Nov 15, 2023, at 10:00 W. Australia Standard Time. Location: Level 4, 130 Stirling St, PERTH WA 6000 Perth Western Australia Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2023 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to adoption of remuneration report; to election of director Mr. Kit Weng yip; to election of director Ms. Kulthirath Pakawachkrilers; to approval of 7.1a mandate; to ratification of prior issue of shares listing rule 7.1; to ratification of prior issue of shares listing rule 7.1a; and to consider other matters if any. Ankündigung • Aug 03
Frugl Group Limited Announces Changes of Company Secretary Frugl Group Limited advised that Mr. Steve Samuel has resigned as Company Secretary of the Company and that Mr. Sonu Cheema has been appointed as company secretary. Ankündigung • Aug 01
Frugl Group Limited Appoints Kenny Woo as Executive Managing Director, Effective 1 August 2023 Frugl Group Limited announced that Mr. Kenny Woo, currently non-executive director of the company, will assume the position of executive managing director, effective 1 August 2023. Mr. Woo will concentrate his efforts on the enhancement, fortification, and expansion of the company’s fundamental capabilities, with a distinct focus on its research and development initiatives. The company is confident that this strategic approach will catalyze the company's upward trajectory by facilitating expedited achievement of its research and development objectives. This increase in pace, in turn, will enable the company to deliver market-leading innovations efficiently. Mr. Woo is an experienced technology start-up entrepreneur with a proven track record. For ten years he served as the Founder and Managing Director of Easy Plastic Sdn Bhd and Facilipack Industries, an integrated manufacturer of disposable food packaging specializing in the extrusion and thermoforming process. Currently he serves as a Director of Farm Square Co. Ltd. a revolutionary indoor farming business in Bangkok selling zero mile pesticide and chemical free organic vegetables. Board Change • Jul 11
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board Kit Yip is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • May 25
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board Kit Yip is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Ankündigung • May 19
Frugl Group Limited has completed a Follow-on Equity Offering in the amount of AUD 1.529699 million. Frugl Group Limited has completed a Follow-on Equity Offering in the amount of AUD 1.529699 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 191,212,401
Price\Range: AUD 0.008
Transaction Features: Subsequent Direct Listing Board Change • Apr 12
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Corporate Independent Non-Executive Director Matt Walker was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 03
First half 2023 earnings released: AU$0.004 loss per share (vs AU$0.005 loss in 1H 2022) First half 2023 results: AU$0.004 loss per share (improved from AU$0.005 loss in 1H 2022). Revenue: AU$725.8k (up AU$666.5k from 1H 2022). Net loss: AU$879.6k (loss narrowed 8.9% from 1H 2022). Ankündigung • Feb 10
Frugl Group Limited Announces Management Changes Frugl Group Limited announced the appointment of Mr. Kit Weng Yip as a Director and Chairman of the Company. Mr. Yip has extensive experience in investment banking and corporate finance. Among his previous senior roles he has served as Executive Director of Nomura Securities Malaysia, Deputy Group Managing Director and Head of Investment Banking of Affin Hwang Investment Bank and Director of RHB Investment Bank in Malaysia. Hecurrently serves as Independent Non-Executive Director of both Esente Capital and Privasia Technology Berhad. He is a graduate of the University of Western Australia, a Fellow of CPA Australia, a Member of the Malaysian Institute of Accountants and Malaysian Institute of Taxation. Mr. Yip has an extensive contact network throughout south-east Asia and will be invaluable in the Company's ambitions to expand and commercialise its platform in the region. The Company also wishes to advise of the resignation of Mr. Jon Wild who has resigned to pursue other commercial interest. The Company thanks Mr. Wild for his service and wishes him well in his future endeavours. Board Change • Jan 11
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. 3 experienced directors. No highly experienced directors. Corporate Independent Non-Executive Director Matt Walker was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 14
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. 3 experienced directors. No highly experienced directors. Corporate Independent Non-Executive Director Matt Walker was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 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. 3 experienced directors. No highly experienced directors. Corporate Independent Non-Executive Director Matt Walker was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 