Ankündigung • Apr 04
China Silver Technology Holdings Limited Appoints Kam Kit as an Executive Director and the Chairman, Effective 3 April 2025 The board of directors of China Silver Technology Holdings Limited announced that on 3 April 2025, Mr. Kam Kit was appointed as an executive Director and the Chairman of the Company with immediate effect. Set out below are the biographical details of Mr. Kam: Mr. Kam Kit aged 45, obtained a bachelor's degree in economics and a graduate, diploma in commerce from The University of Sydney. Mr. Kam has previous experience in serving as a director and key management roles (including the roles of chairman and chief executive officer) in listed companies in Hong Kong. Ankündigung • Mar 08
China Silver Technology Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 22.6 million. China Silver Technology Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 22.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 226,000,000
Price\Range: HKD 0.1
Transaction Features: Subsequent Direct Listing Ankündigung • Feb 14
China Silver Technology Holdings Limited to Report Fiscal Year 2024 Results on Feb 28, 2025 China Silver Technology Holdings Limited announced that they will report fiscal year 2024 results on Feb 28, 2025 Ankündigung • Jan 17
China Silver Technology Holdings Limited Announces Resignation of Lai Yubin as Non-Executive Director and the Chairman The board of directors of China Silver Technology Holdings Limited announced that Mr. Lai Yubin (‘Mr. Lai’) has tendered his resignation as a non-executive Director and the Chairman of the Company due to his intention to focus on other business pursuits. On 17 January 2025, the Board resolved to accept Mr. Lai's resignation to take immediate effect. In his resignation letter (the ‘Resignation Letter’), Mr. Lai drew the Board's attention to the following matters (the ‘Matters’), namely, the facts that: he wanted to be released from the personal guarantee given by him in favour of certain creditor (the ‘First Loans Creditor’) in support of certain loans of the Group (the ‘First Loans’) in the total principal amount of up to RMB 20 million which has past due on 15 July 2023 and have remained outstanding as to RMB 10 million in principal and certain alleged interest; and he wanted the Company's subsidiary (the ‘Second Loan Borrower’) to immediately repay to him an interest-bearing loan of HKD 1 million owed to him (the ‘Second Loan’) which has past due on 15 August 2024 and has remained outstanding as to certain alleged principal and interest. In his Resignation Letter, Mr. Lai stated that save and except the Matters, he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. Ankündigung • Jan 14
China Silver Technology Holdings Limited Announces Board and Committee Changes The board (the "Board") of directors (the "Directors") of China Silver Technology Holdings Limited (the " Company ") announced that Mr. Bonathan Wai Ka Cheung ("Mr. Cheung") has tendered his resignation as an independent non-executive Director and a member of the Audit Committee, the Remuneration Committee, the Nomination Committee and the Compliance Committee of the Company with effect from 13 January 2025, due to his intention to focus on other business commitments. The Board announces that with effect from Mr. Cheung's resignation on 13 January 2025, Mr. Wong Kwok On, an independent non-executive Director, was appointed as a member of the Remuneration Committee, the Nomination Committee and the Compliance Committee of the Company. Ankündigung • Nov 16
China Silver Technology Holdings Limited Announces Changes of Directors and Authorised Representative The board of directors of China Silver Technology Holdings Limited announced that on 15 November 2024, Mr. Wang Bing was appointed as an executive Director of the Company with immediate effect. Mr. Wang Bing, aged 37, obtained a bachelor's degree in Business Administration (International Trading) from Sangmyung University in Korea in 2013, and a master degree in Business Administration from Hansung University in Korea in 2016. Prior to joining the Group, Mr. Wang has occupied key management role in an enterprise in Korea which is engaged in wholesale, retail, import and export of consumer products. The Board announced that Mr. Zeng Yongguang tendered his resignation as an executive Director of the Company with effect from 15 November 2024, due to his intention to focus on his other business pursuits and commitments. Mr. Zeng confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the Shareholders. The Board announced that upon Mr. Zeng 's resignation with effect from 15 November 2024, Mr. Guo Jun Hao, an executive Director of the Company, replaced Mr. Zeng as (i) an authorised representative of the Company under Rule 3.05 of the Listing Rules; and an authorised representative of the Company for the service of any process and notice in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong). New Risk • Oct 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.70m (US$9.48m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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 (-HK$108m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (69% increase in shares outstanding). Market cap is less than US$10m (€8.70m market cap, or US$9.48m). Reported Earnings • Oct 01
First half 2024 earnings released: HK$0.019 loss per share (vs HK$0.019 loss in 1H 2023) First half 2024 results: HK$0.019 loss per share (in line with 1H 2023). Revenue: HK$25.5m (down 77% from 1H 2023). Net loss: HK$15.0m (loss widened 21% from 1H 2023). Ankündigung • Sep 07
China Silver Technology Holdings Limited Appoints Chu Pui Ki Dickson as an Independent Non-Executive Director, the Chairman of the Audit Committee and the Compliance Committee, and A Member of the Remuneration Committee and the Nomination Committee The board of directors of China Silver Technology Holdings Limited announced that on 6 September 2024, Mr. Chu Pui Ki Dickson was appointed as an independent non-executive Director, the chairman of the audit committee and the compliance committee, and a member of the remuneration committee and the nomination committee of the Company, in each case with immediate effect. Mr. Chu Pui Ki Dickson aged 39, holds a Bachelor of Business Administration (Honours) degree from Hong Kong Baptist University. He is a member of the Hong Kong Institute of Certified Public Accountants, and has auditing experience working in an audit firm and accounting experience working in managerial position at a listed company prior to joining the Company. Ankündigung • Sep 05
China Silver Technology Holdings Limited Announces Resignation of Po in San as Independent Non-Executive Director, the Chairman of the Audit Committee and the Compliance Committee, and A Member of the Remuneration Committee and Nomination Committee China Silver Technology Holdings Limited announced that Ms. Po In San ("Ms. Po") tendered her resignation as an independent non-executive Director, the chairman of the audit committee and the compliance committee, and a member of the remuneration committee and nomination committee of the Company with effect from 31 August 2024. New Risk • Sep 01
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: -HK$31m 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 (-HK$31m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (69% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€13.7m market cap, or US$15.1m). Ankündigung • Aug 20
China Silver Technology Holdings Limited to Report First Half, 2024 Results on Aug 30, 2024 China Silver Technology Holdings Limited announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • Jul 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 69% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Shareholders have been substantially diluted in the past year (69% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€14.1m market cap, or US$15.2m). Ankündigung • Jun 27
China Silver Technology Holdings Limited Retires Xu Ming as Executive Director China Silver Technology Holdings Limited announced that Xu Ming retired as an executive Director at the conclusion of the AGM on 26 June 2024. Ankündigung • Jun 01
China Silver Technology Holdings Limited Announces Resignation of Kong Chan Fai as an Executive Director and Vice-Chairman The board of directors of China Silver Technology Holdings Limited announced that Mr. Kong Chan Fai tendered his resignation as an executive Director and Vice-Chairman of the Company with effect from 31 May 2024, due to his intention to concentrate on his own business. Ankündigung • May 31
China Silver Technology Holdings Limited, Annual General Meeting, Jun 26, 2024 China Silver Technology Holdings Limited, Annual General Meeting, Jun 26, 2024, at 10:30 China Standard Time. Location: unit e, 30/f., tower b, billion centre, 1 wang kwong road, kowloon bay, kowloon Hong Kong Ankündigung • Apr 20
China Silver Technology Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 35.64 million. China Silver Technology Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 35.64 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 330,000,000
Price\Range: HKD 0.108
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 30
Full year 2023 earnings released: HK$0.046 loss per share (vs HK$0.064 loss in FY 2022) Full year 2023 results: HK$0.046 loss per share (improved from HK$0.064 loss in FY 2022). Revenue: HK$262.1m (flat on FY 2022). Net loss: HK$31.0m (loss narrowed 24% from FY 2022). Ankündigung • Mar 16
China Silver Technology Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 China Silver Technology Holdings Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Ankündigung • Feb 29
China Silver Technology Holdings Limited Appoints Po in San as Independent Non-Executive Director, Chairman of the Audit Committee and the Compliance Committee, and A Member of the Remuneration Committee and the Nomination Committee the Board of Directors of China Silver Technology Holdings Limited announced that on 28 February 2024, Ms. Po In San was appointed as an independent non-executive Director ("INED"), the chairman of the audit committee (the "Audit Committee") and the compliance committee, and a member of the remuneration committee (the "Remuneration Committee") and the nomination committee of the Company (the "Nomination Committee"), in each case with immediate effect. Ms. Po In San aged 29, holds a Bachelor of Business Administration (Honours) from Hang Seng Management College (now known as The Hang Seng University of Hong Kong). She is a member of the Hong Kong Institute of Certified Public Accountants, and has accounting experience working in managerial positions at listed companies prior to joining the Company. Ankündigung • Feb 01
China Silver Technology Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 13.3883 million. China Silver Technology Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 13.3883 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 133,883,000
Price\Range: HKD 0.1
Transaction Features: Subsequent Direct Listing Reported Earnings • Aug 28
First half 2023 earnings released: HK$0.019 loss per share (vs HK$0.031 loss in 1H 2022) First half 2023 results: HK$0.019 loss per share (improved from HK$0.031 loss in 1H 2022). Revenue: HK$111.1m (down 42% from 1H 2022). Net loss: HK$12.4m (loss narrowed 34% from 1H 2022). Ankündigung • Aug 15
China Silver Technology Holdings Limited to Report First Half, 2023 Results on Aug 25, 2023 China Silver Technology Holdings Limited announced that they will report first half, 2023 results on Aug 25, 2023 Ankündigung • May 25
China Silver Technology Holdings Limited, Annual General Meeting, Jun 30, 2023 China Silver Technology Holdings Limited, Annual General Meeting, Jun 30, 2023. Agenda: To consider to adopt the amended and restated memorandum and articles of association of the Company containing the Proposed Amendments in substitution for and to the exclusion of the Existing M&A in its entirety. Reported Earnings • Mar 27
Full year 2022 earnings released: HK$0.064 loss per share (vs HK$0.007 loss in FY 2021) Full year 2022 results: HK$0.064 loss per share (further deteriorated from HK$0.007 loss in FY 2021). Revenue: HK$260.2m (down 31% from FY 2021). Net loss: HK$41.1m (loss widened HK$37.1m from FY 2021). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Board Change • Mar 11
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. 7 non-independent directors. Independent Non-Executive Director Yumei Qiu was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.