New Risk • May 05
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. Currently, the following risks have been identified for the company: Major Risks Negative equity (-HK$19m). Market cap is less than US$10m (HK$52.6m market cap, or US$6.71m). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (HK$20m revenue, or US$2.5m). Reported Earnings • Apr 02
Full year 2025 earnings released: HK$0.005 loss per share (vs HK$0.057 loss in FY 2024) Full year 2025 results: HK$0.005 loss per share (improved from HK$0.057 loss in FY 2024). Revenue: HK$21.5m (up 50% from FY 2024). Net loss: HK$1.01m (loss narrowed 90% from FY 2024). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Ankündigung • Mar 19
Top Standard Corporation to Report Fiscal Year 2025 Results on Mar 31, 2026 Top Standard Corporation announced that they will report fiscal year 2025 results on Mar 31, 2026 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: Major Risks Negative equity (-HK$21m). Market cap is less than US$10m (HK$38.2m market cap, or US$4.88m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (HK$20m revenue, or US$2.5m). New Risk • Dec 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor 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 (23% average weekly change). Negative equity (-HK$21m). Market cap is less than US$10m (HK$41.8m market cap, or US$5.37m). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (HK$20m revenue, or US$2.5m). Ankündigung • Dec 07
Top Standard Corporation has filed a Follow-on Equity Offering in the amount of HKD 3.981312 million. Top Standard Corporation has filed a Follow-on Equity Offering in the amount of HKD 3.981312 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 39,813,120
Price\Range: HKD 0.1
Transaction Features: Subsequent Direct Listing Ankündigung • Nov 12
Top Standard Corporation has withdrawn its Follow-on Equity Offering in the amount of HKD 3.981312 million. Top Standard Corporation has withdrawn its Follow-on Equity Offering in the amount of HKD 3.981312 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 39,813,120
Price\Range: HKD 0.1 New Risk • Oct 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 21% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-HK$21m). Market cap is less than US$10m (HK$33.4m market cap, or US$4.30m). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (HK$20m revenue, or US$2.5m). Ankündigung • Oct 22
Top Standard Corporation has filed a Follow-on Equity Offering in the amount of HKD 3.981312 million. Top Standard Corporation has filed a Follow-on Equity Offering in the amount of HKD 3.981312 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 39,813,120
Price\Range: HKD 0.1
Transaction Features: Subsequent Direct Listing Reported Earnings • Sep 02
First half 2025 earnings released: HK$0.003 loss per share (vs HK$0.019 loss in 1H 2024) First half 2025 results: HK$0.003 loss per share (improved from HK$0.019 loss in 1H 2024). Revenue: HK$10.6m (up 100% from 1H 2024). Net loss: HK$558.0k (loss narrowed 82% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Ankündigung • Aug 19
Top Standard Corporation to Report First Half, 2025 Results on Aug 29, 2025 Top Standard Corporation announced that they will report first half, 2025 results on Aug 29, 2025 Ankündigung • May 17
Top Standard Corporation, Annual General Meeting, Jun 09, 2025 Top Standard Corporation, Annual General Meeting, Jun 09, 2025, at 11:00 China Standard Time. Location: 21/f., grand millennium plaza, 181 queen`s road central, sheung wan, Hong Kong New Risk • Apr 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor 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 Negative equity (-HK$20m). Market cap is less than US$10m (HK$22.3m market cap, or US$2.87m). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (HK$15m revenue, or US$1.9m). Reported Earnings • Mar 28
Full year 2024 earnings released: HK$0.057 loss per share (vs HK$0.043 profit in FY 2023) Full year 2024 results: HK$0.057 loss per share (down from HK$0.043 profit in FY 2023). Revenue: HK$15.0m (up 65% from FY 2023). Net loss: HK$9.80m (down 263% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 35% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-HK$12m). Market cap is less than US$10m (HK$20.3m market cap, or US$2.61m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (HK$8.0m revenue, or US$1.0m). Ankündigung • Mar 14
Top Standard Corporation to Report Fiscal Year 2024 Results on Mar 26, 2025 Top Standard Corporation announced that they will report fiscal year 2024 results on Mar 26, 2025 New Risk • Mar 10
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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-HK$12m). Market cap is less than US$10m (HK$23.3m market cap, or US$3.00m). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (HK$8.0m revenue, or US$1.0m). Ankündigung • Oct 26
Top Standard Corporation has filed a Follow-on Equity Offering in the amount of HKD 3.31776 million. Top Standard Corporation has filed a Follow-on Equity Offering in the amount of HKD 3.31776 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 33,177,600
Price\Range: HKD 0.1
Transaction Features: Subsequent Direct Listing Ankündigung • Sep 16
Top Standard Corporation Announces Board and Committee Changes The board of directors of Top Standard Corporation announced that with effect from 16 September 2024: Mr. Yip Ki Chi, Luke has resigned as an independent non-executive Director, a member of each of the audit and risk management committee, the nomination committee and the remuneration committee of the Company due to his intention to devote more time on his personal or other business development. Mr. Wong Ching Wan has resigned as an independent non-executive Director, the chairman of Audit and Risk Management Committee and member of each of the Nomination Committee and the Remuneration Committee due to his intention to devote more time on his personal or other business development. The Board announced that with effect from 16 September 2024: Ms. Ding Weiyu, has been appointed as an independent non-executive Director, a member of each of the Audit and Risk Management Committee, the Nomination Committee and the Remuneration Committee. Mr. Lynch Stephen Joseph Chor, has been appointed as an independent non- executive Director, a member of each of the Audit and Risk Management Committee, the Nomination Committee and the Remuneration Committee. Mr. Tang Chiu Ming, Jeremy, currently an independent non-executive director and chairman of the Remuneration Committee and member of each of the Audit and Risk Management Committee and Nomination Committee, has been redesignated as the chairman of Audit and Risk Management Committee. Ms. Ding, aged 26. Ms. Ding graduated from The University of Sydney, Australia, with a bachelor's degree in commerce (double majors in finance and business information systems) in July 2020. She also obtained a master's degree of science in finance from the University of Manchester in November 2021. From December 2021 to August 2022, she served as a consulting analyst in China Insights Consultancy, where she was principally responsible for data analysis. Currently, she served as consultants in Euromonitor International Limited. Pursuant to the letter of appointment entered into between Ms. Ding and the Company, Ms. Ding is appointed as an independent non-executive director for a term of two years with effect from 16 September 2024 subject to early termination in accordance with the terms of the Ding's Service Agreement. Ms. Ding is also subject to retirement by rotation and re-election and other related provisions as stipulated in the articles of association of the Company and Rules Governing the Listing of Securities on the GEM of the Stock Exchange. Mr. Lynch, aged 43, has extensive experience in business management and customer development. He is the co-founder and served as chief executive officer of Inbase Partners Limited since 2018, where he is principally responsible for strategic planning and business direction and building customer relations. He also served as a business development consultant of Spark Co. Limited a company located in Taipei, since 2018, where he is primarily responsible for new business development and business cooperation maintenance. From 2009 to 2018, he worked as management in various small and medium sized companies and was primarily responsible for business strategy planning. Mr. Lynch obtained his high school diploma in 1997 from Christian Light Education in Virginia, USA. He also completed Blockchain Strategy Programme in Saïd Business School, University of Oxford in 2018. Pursuant to the letter of appointment entered into between Mr. Lynch and the Company, Mr. Lynch is appointed as an independent non-executive director for a term of two years with effect from 16 September 2024 subject to early termination in accordance with the terms of the Lynch 's Service Agreement. Mr. Lynch is also subject to retirement by rotation and re-election and other related provisions as stipulated in the articles of association of the Company and GEM Listing Rules. Ankündigung • Aug 20
Top Standard Corporation to Report Q2, 2024 Results on Aug 30, 2024 Top Standard Corporation announced that they will report Q2, 2024 results on Aug 30, 2024 Ankündigung • May 23
Top Standard Corporation, Annual General Meeting, Jun 21, 2024 Top Standard Corporation, Annual General Meeting, Jun 21, 2024, at 11:00 China Standard Time. Location: unit 3c, 3/f., yue xiu industrial building, 87 hung to road, kwun tong, kowloon Hong Kong New Risk • May 14
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-HK$8.3m). Market cap is less than US$10m (HK$18.1m market cap, or US$2.31m). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (HK$9.1m revenue, or US$1.2m). Reported Earnings • Apr 03
Full year 2023 earnings released: EPS: HK$0.004 (vs HK$0.054 loss in FY 2022) Full year 2023 results: EPS: HK$0.004 (up from HK$0.054 loss in FY 2022). Revenue: HK$9.96m (down 26% from FY 2022). Net income: HK$6.01m (up HK$13.5m from FY 2022). Profit margin: 60% (up from net loss in FY 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 50% per year, which means it is significantly lagging earnings. Ankündigung • Mar 19
Top Standard Corporation to Report Fiscal Year 2023 Results on Mar 28, 2024 Top Standard Corporation announced that they will report fiscal year 2023 results on Mar 28, 2024 Board Change • Feb 22
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. 4 experienced directors. 1 highly experienced director. Executive Director Lawrence Ying was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Dec 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor 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 (39% average weekly change). Negative equity (-HK$5.0m). Market cap is less than US$10m (HK$36.5m market cap, or US$4.67m). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (HK$15m revenue, or US$1.9m). Ankündigung • Dec 20
Top Standard Corporation has completed a Follow-on Equity Offering in the amount of HKD 3.59424 million. Top Standard Corporation has completed a Follow-on Equity Offering in the amount of HKD 3.59424 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 276,480,000
Price\Range: HKD 0.013
Discount Per Security: HKD 0.000325
Transaction Features: Subsequent Direct Listing Reported Earnings • Nov 16
Third quarter 2023 earnings released: HK$0.001 loss per share (vs HK$0.001 loss in 3Q 2022) Third quarter 2023 results: HK$0.001 loss per share (in line with 3Q 2022). Revenue: HK$2.12m (down 51% from 3Q 2022). Net loss: HK$1.55m (loss widened 30% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. Ankündigung • Nov 04
Top Standard Corporation to Report Q3, 2023 Results on Nov 14, 2023 Top Standard Corporation announced that they will report Q3, 2023 results on Nov 14, 2023 New Risk • Oct 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-HK$1.6m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Negative equity (-HK$5.0m). Market cap is less than US$10m (HK$45.6m market cap, or US$5.83m). Minor Risk Revenue is less than US$5m (HK$17m revenue, or US$2.2m). Board Change • Oct 01
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. 5 experienced directors. No highly experienced directors. Executive Director Lawrence Ying was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Aug 17
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$1.6m 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$1.6m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-HK$5.0m). Market cap is less than US$10m (HK$74.6m market cap, or US$9.53m). Minor Risk Revenue is less than US$5m (HK$17m revenue, or US$2.2m). Reported Earnings • Aug 16
Second quarter 2023 earnings released: HK$0.001 loss per share (vs HK$0.001 loss in 2Q 2022) Second quarter 2023 results: HK$0.001 loss per share (in line with 2Q 2022). Revenue: HK$2.42m (up 5.5% from 2Q 2022). Net loss: HK$1.25m (loss narrowed 39% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Ankündigung • Aug 03
Top Standard Corporation to Report Q1, 2024 Results on Aug 14, 2023 Top Standard Corporation announced that they will report Q1, 2024 results on Aug 14, 2023 Ankündigung • May 30
Top Standard Corporation, Annual General Meeting, Jun 30, 2023 Top Standard Corporation, Annual General Meeting, Jun 30, 2023, at 11:00 China Standard Time. Location: 17/F, L Place, 139 Queen's Road Central Central Hong Kong Agenda: To consider and adopt the audited consolidated financial statements of the Company and the reports of the directors and the independent auditor of the Company for the year ended 31 December 2022; to re-elect Mr. Ying Kan Man as an executive Director; to re-elect Mr. Tang Chiu Ming, Jeremy as an independent non-executive Director; to authorise the board of Directors to fix the respective Directors' remuneration; to re-appoint D & PARTNERS CPA LIMITED as the Independent Auditor to hold office until the conclusion of the next annual general meeting and authorise the Board to fix its remuneration; and to consider other matters. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Chairman, CEO & Compliance Officer Chuk Stanley is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Nov 03
Top Standard Corporation to Report Nine Months, 2022 Results on Nov 14, 2022 Top Standard Corporation announced that they will report nine months, 2022 results on Nov 14, 2022 Ankündigung • Aug 03
Top Standard Corporation to Report First Half, 2022 Results on Aug 12, 2022 Top Standard Corporation announced that they will report first half, 2022 results on Aug 12, 2022 Ankündigung • May 24
Top Standard Corporation, Annual General Meeting, Jun 24, 2022 Top Standard Corporation, Annual General Meeting, Jun 24, 2022, at 14:30 China Standard Time. Location: 17/F., L Place, 139 Queen's Road Central Central Hong Kong Agenda: To consider and adopt the audited consolidated financial statements of the Company and the reports of the directors and independent auditors of the Company for the year ended 31 December 2021; to re-elect Mr. Chuk Stanley as an executive Director; to re-elect Mr. Wong Ching Wan as an independent non-executive Director; to authorise the board of Directors to fix the respective Directors' remuneration; to re-appoint D & PARTNERS CPA LIMITED as independent auditor of the Company and to authorise the Board to fix its remuneration; and to transact other business. Reported Earnings • May 15
First quarter 2022 earnings released: HK$0.001 loss per share (vs HK$0 in 1Q 2021) First quarter 2022 results: HK$0.001 loss per share (down from HK$0 in 1Q 2021). Revenue: HK$773.0k (down 91% from 1Q 2021). Net loss: HK$844.0k (loss widened 230% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Chairman, CEO & Compliance Officer Chuk Stanley is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 03
Full year 2021 earnings released: HK$0.009 loss per share (vs HK$0.005 loss in FY 2020) Full year 2021 results: HK$0.009 loss per share (down from HK$0.005 loss in FY 2020). Revenue: HK$6.86m (down 77% from FY 2020). Net loss: HK$12.0m (loss widened 163% from FY 2020). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Ankündigung • Mar 23
Top Standard Corporation to Report Fiscal Year 2021 Final Results on Mar 31, 2022 Top Standard Corporation announced that they will report fiscal year 2021 final results on Mar 31, 2022 Reported Earnings • Nov 15
Third quarter 2021 earnings released: HK$0.001 loss per share (vs HK$0.004 loss in 3Q 2020) The company reported a soft third quarter result with weaker revenues and control over costs, although losses reduced. Third quarter 2021 results: Revenue: HK$2.43m (down 54% from 3Q 2020). Net loss: HK$1.67m (loss narrowed 53% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: HK$0.004 loss per share (vs HK$0.001 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: HK$8.76m (down 9.6% from 2Q 2020). Net loss: HK$4.19m (down 478% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Ankündigung • Aug 12
Top Standard Corporation (SEHK:8510) entered into a sale and purchase agreement to acquire remaining 10% stake in Code Entertainment Limited from Wong Kwong Sum for HKD 0.02 million. Top Standard Corporation (SEHK:8510) entered into a sale and purchase agreement to acquire remaining 10% stake in Code Entertainment Limited from Wong Kwong Sum for HKD 0.02 million on August 11, 2021. Pursuant to the terms of the agreement, Top Standard Corporation will pay the consideration in cash at completion. The consideration will be funded by Top Standard Corporation’s internal resources. Upon completion of the transaction, Code Entertainment will become an indirect wholly-owned subsidiary of the Top Standard. For the year ended March 31, 2021, Code Entertainment Limited had net loss before taxation of HKD (1.67) million and net loss after taxation of HKD (1.67) million. Completion of the transaction is conditional upon various conditions, none of which can be waived and as of August 11, 2021, all of the conditions precedent have been fulfilled. Ankündigung • Mar 14
Perusahaan Saudee Sdn. Bhd. Enters into A Supplementary Agreement with Top Standard Corporation The Board of Directors of Saudee Group Berhad announced that its wholly owned subsidiary, Perusahaan Saudee Sdn. Bhd. has on March 12, 2021 entered into a supplementary agreement with Top Standard Corporation to extend the collaboration for new products. The collaboration will provide a strategic platform for both Parties to capture a bigger market in addition to existing sales as stated in DA. Ankündigung • Mar 11
Perusahaan Saudee Sdn. Bhd. Enters into Distributor Agreement with Top Standard Corporation Saudee Group Berhad announced that its wholly owned subsidiary, Perusahaan Saudee Sdn. Bhd. has on 9 March 2021 entered into a distributor agreement with Top Standard Corporation (“TSC” or the “Distributor”) (collectively known as the “Parties”) to appoint TSC as a distributor to purchase and resell PSSB’s products listed under the brands of SAUDI GOLD, FARM’S GOLD, DELI DELI and other brands belonging to PSSB (the “Products”) to the whole and strictly Hong Kong, China and territory of Macau (the “Territory”). Reported Earnings • Nov 17
Second quarter 2021 earnings released: HK$0.004 loss per share The company reported a soft second quarter result with weaker revenues and control over expenses, though losses reduced. Second quarter 2021 results: Revenue: HK$5.24m (down 80% from 2Q 2020). Net loss: HK$3.53m (loss narrowed 73% from 2Q 2020). Ankündigung • Nov 11
Top Standard Corporation has completed a Follow-on Equity Offering in the amount of HKD 14.784 million. Top Standard Corporation has completed a Follow-on Equity Offering in the amount of HKD 14.784 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 192,000,000
Price\Range: HKD 0.077
Transaction Features: Subsequent Direct Listing Ankündigung • Oct 28
Top Standard Corporation to Report First Half, 2021 Results on Nov 13, 2020 Top Standard Corporation announced that they will report first half, 2021 results on Nov 13, 2020 Ankündigung • Sep 14
Top Standard Corporation Announces Board Changes Top Standard Corporation board announced that with effect from 12 September 2020: Mr. Ying Kan Man has been appointed as an executive Director; each of Mr. Tang Chiu Ming, Jeremy and Mr. Yip Ki Chi, Luke has been appointed as an independent non-executive Director; Mr. Lam Ka Wong, Johnson has tendered his resignation as an executive Director of the Company; and each of Mr. Yew Tak Yun, Paul and Mr. Chan Kwok Ki, Stephen has tendered his resignation as an independent non-executive Director of the Company. The board also announced that with effect from 12 September 2020: Audit and Risk Management Committee: Each of Mr. Yew Tak Yun, Paul and Mr. Chan Kwok Ki, Stephen has tendered his resignation as a member of the Audit and Risk Management Committee; and each of Mr. Tang Chiu Ming, Jeremy and Mr. Yip Ki Chi, Luke has been appointed as a member of the Audit and Risk Management Committee. Mr. Ying Kan Man, has more than 10 years of working experience in the green building solution industry. He served as executive director from 27 April 2004 to 1 December 2011 of RCG Holdings Limited. Mr. Tang Chiu Ming, Jeremy, has involved in the accounting and finance industry for more than 20 years, having started his career at an international accounting firm as an auditor. Thereafter, he shifted into the commercial sector and worked for some multi-national companies as a regional accountant. In October 1999, he joined a sizeable securities company as a research analyst to develop his career in the finance industry. From September 2000 to September 2006, he focused more on the retail sales and dealing of securities and subsequently worked as a sales and marketing manager. Since September 2006 he has commenced a role as an associate director in China based securities companies, engaging in the duties of institutional sales relating to the dealing of securities for institutional clients, share placement, and underwriting of shares for new initial public offering. Mr. Yip Ki Chi, Luke, is mainly responsible for supervising and providing independent judgment to the Board. He was admitted as a solicitor of the High Court of Hong Kong in April 1994 and is currently a practising solicitor in Hong Kong with over 20 years of post-qualification experience in the legal profession. From May 1992 to September 1996, he worked at Messrs. P. C. Woo & Co. as a trainee solicitor and subsequently a solicitor. He then joined Messrs. Siao, Wen & Leung in October 1996 as a solicitor. From March 1997 to September 1999, Mr. Yip was a partner and subsequently a consultant at Messrs. Wong & Yip. He has been a partner of Messrs. Cheung & Yip since February 1999. Mr. Yip has been a Notary Public and Civil Celebrant in Hong Kong since 2006. He has been a China Appointed Attesting Officer since December 2015. Mr. Yip is an independent non-executive director of Indigo Star Holdings Limited since 24 October 2017. Ankündigung • Sep 05
Top Standard Corporation has completed a Follow-on Equity Offering in the amount of HKD 17.92 million. Top Standard Corporation has completed a Follow-on Equity Offering in the amount of HKD 17.92 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 160,000,000
Price\Range: HKD 0.112
Discount Per Security: HKD 0.00336
Transaction Features: Subsequent Direct Listing Ankündigung • Jul 25
Top Standard Corporation to Report Q1, 2021 Results on Aug 14, 2020 Top Standard Corporation announced that they will report Q1, 2021 results on Aug 14, 2020 Ankündigung • Jun 16
Top Standard Corporation to Report Fiscal Year 2020 Results on Jun 30, 2020 Top Standard Corporation announced that they will report fiscal year 2020 results on Jun 30, 2020 