Upcoming Dividend • May 29
Upcoming dividend of HK$0.20 per share Eligible shareholders must have bought the stock before 05 June 2026. Payment date: 02 July 2026. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 8.5%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (2.4%). Anuncio • Mar 28
Tongdao Liepin Group announces Annual dividend, payable on July 02, 2026 Tongdao Liepin Group announced Annual dividend of HKD 0.2000 per share payable on July 02, 2026, ex-date on June 05, 2026 and record date on June 08, 2026. Anuncio • Mar 27
Tongdao Liepin Group, Annual General Meeting, Jun 03, 2026 Tongdao Liepin Group, Annual General Meeting, Jun 03, 2026. Anuncio • Mar 17
Tongdao Liepin Group to Report Fiscal Year 2025 Results on Mar 27, 2026 Tongdao Liepin Group announced that they will report fiscal year 2025 results on Mar 27, 2026 Anuncio • Aug 29
Tongdao Liepin Group Announces Change in Composition of the Nomination Committee, with Effect from 29 August 2025 Tongdao Liepin Group announced that with effect from 29 August 2025 Ms. Fan Xinpeng, an existing independent non-executive Director, has been appointed as a member of the nomination committee of the Company; and Mr. Zhang Ximeng, an existing independent non-executive Director, has ceased to be a member of the Nomination Committee. Following the appointment of Ms. Fan Xinpeng as a member of the Nomination Committee,the Nomination Committee has one Director of a different gender. This appointment is in response to the amended Corporate Governance Code and the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited which comes into effect on 1 July 2025. The Board believes that the character, interpersonal relationships and frontline work experience of Ms. Fan Xinpeng will bring new insights and innovations to the Nomination Committee. Anuncio • Aug 19
Tongdao Liepin Group to Report First Half, 2025 Results on Aug 29, 2025 Tongdao Liepin Group announced that they will report first half, 2025 results on Aug 29, 2025 Anuncio • Mar 28
Tongdao Liepin Group, Annual General Meeting, Jun 12, 2025 Tongdao Liepin Group, Annual General Meeting, Jun 12, 2025. Anuncio • Mar 18
Tongdao Liepin Group to Report Fiscal Year 2024 Results on Mar 28, 2025 Tongdao Liepin Group announced that they will report fiscal year 2024 results on Mar 28, 2025 Anuncio • Nov 19
Tongdao Liepin Group to Report Q3, 2024 Results on Nov 29, 2024 Tongdao Liepin Group announced that they will report Q3, 2024 results on Nov 29, 2024 New Risk • Sep 27
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 German stocks, typically moving 12% 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 Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Large one-off items impacting financial results. New Risk • Sep 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €85.6m (US$95.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€85.6m market cap, or US$95.2m). Reported Earnings • Sep 01
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: CN¥543.8m (down 7.8% from 2Q 2023). Net income: CN¥55.4m (up 9.4% from 2Q 2023). Profit margin: 10% (up from 8.6% in 2Q 2023). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Interactive Media and Services industry in Europe. Anuncio • Aug 20
Tongdao Liepin Group to Report First Half, 2024 Results on Aug 30, 2024 Tongdao Liepin Group announced that they will report first half, 2024 results on Aug 30, 2024 Recent Insider Transactions • Jul 18
Chairman of the Board & CEO recently bought €1.8m worth of stock On the 10th of July, Kebin Dai bought around 7m shares on-market at roughly €0.26 per share. This transaction amounted to 6.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Kebin has been a buyer over the last 12 months, purchasing a net total of €3.9m worth in shares. Reported Earnings • May 26
First quarter 2024 earnings released First quarter 2024 results: Revenue: CN¥470.8m (down 6.4% from 1Q 2023). Net loss: CN¥10.1m (loss narrowed 76% from 1Q 2023). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Interactive Media and Services industry in Europe. Anuncio • May 16
Tongdao Liepin Group to Report Q1, 2024 Results on May 24, 2024 Tongdao Liepin Group announced that they will report Q1, 2024 results on May 24, 2024 Anuncio • Apr 05
Tongdao Liepin Group Announces Board Changes The board of directors of Tongdao Liepin Group announced that each of Mr. Shao Yibo and Mr. Chen Xingmao has tendered his resignation as a non-executive Director and executive Director, respectively on 3 April 2024, with effect from the same day. Each of Mr. Shao and Mr. Chen has resigned due to personal reasons. Following his resignation as executive Director, Mr. Chen will continue to serve as the Chief Technology Officer of the Company and continue to provide valuable guidance and support to the Company. The Board hereby announces that Mr. Tian Ge has been appointed as executive Director of the Company, with effect from 3 April 2024. Mr. Tian Ge, aged 37, joined the Group in November 2019 and now serves as chief financial officer of the Company. He is responsible for overseeing the corporate finance, investments and acquisitions, investor relations, procurements and other middle and back office work of Group. Mr. Tian also serves as the supervisor and the director at certain of subsidiaries. Prior to joining the Group, Mr. Tian held various positions in China, France, the United States, the United Kingdom and Singapore at General Electric Company (stock symbol: GE), including as the Head of Finance of GE Power Global Repair Solutions APAC, from December 2009 to October 2019. Mr. Tian received a bachelor's degree in international accounting from Sichuan University in June 2008. Mr. Tian is a member of the Association of Chartered Certified Accountants (ACCA). Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: CN¥0.002 (vs CN¥0.088 in FY 2022) Full year 2023 results: EPS: CN¥0.002 (down from CN¥0.088 in FY 2022). Revenue: CN¥2.28b (down 14% from FY 2022). Net income: CN¥750.0k (down 98% from FY 2022). Profit margin: 0% (down from 1.7% in FY 2022). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 46% per year whereas the company’s share price has fallen by 42% per year. Anuncio • Mar 23
Tongdao Liepin Group, Annual General Meeting, Jun 06, 2024 Tongdao Liepin Group, Annual General Meeting, Jun 06, 2024. New Risk • Mar 23
New major risk - Revenue and earnings growth Earnings have declined by 9.5% 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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 9.5% per year over the past 5 years. Anuncio • Mar 13
Tongdao Liepin Group to Report Fiscal Year 2023 Results on Mar 22, 2024 Tongdao Liepin Group announced that they will report fiscal year 2023 results on Mar 22, 2024 New Risk • Feb 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 German stocks, typically moving 7.8% 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 • Dec 08
Executive Director & CTO recently sold €76k worth of stock On the 1st of December, Xingmao Chen sold around 105k shares on-market at roughly €0.72 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.5m more than they bought in the last 12 months. Reported Earnings • Nov 27
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: CN¥558.9m (down 13% from 3Q 2022). Net income: CN¥32.0m (down 72% from 3Q 2022). Profit margin: 5.7% (down from 18% in 3Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in Europe. Anuncio • Nov 15
Tongdao Liepin Group to Report Nine Months, 2023 Results on Nov 24, 2023 Tongdao Liepin Group announced that they will report nine months, 2023 results on Nov 24, 2023 Anuncio • Sep 14
Tongdao Liepin Group Appoints Fan Xinpeng as Independent Non-Executive Director, the Chairperson of the Audit Committee of the Company and A Member of the Remuneration Committee Tongdao Liepin Group announced that Ms. FAN Xinpeng has been appointed as an independent non-executive Director, the chairperson of the audit committee of the Company (the "Audit Committee") and a member of the remuneration committee of the Company (the "Remuneration Committee"), with effect from 12 September 2023. Ms. FAN Xinpeng, aged 44, has professional experiences in global investment banking, capital market financing, mergers and acquisitions, as well as corporate finance management in the Chinese consumer industry and is now the chief financial officer of Dali Foods Group Company Limited since March 2023. Ms. Fan was the chief financial officer and group vice president of EastGarden International Group Limited from 2022 to 2023, an executive director and the head of China financial and fintech industry under the investment banking division of Morgan Stanley Asia Limited from 2010 to 2022. Prior to that, she worked in other leading global investment banks and accounting firms from 2004 to 2010, including PricewaterhouseCoopers (Hong Kong), Merrill Lynch (Asia) Limited, and Deloitte Touche Tohmatsu (New York). Ms. Fan graduated from the University of Texas at Austin in 2004 with a master's degree in accounting and from Beijing Technology and Business University with a bachelor's degree in economics in 1999. Ms. Fan is also a member of the American Institute of Certified Public Accountants. Reported Earnings • Aug 27
Second quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.29 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.10 (down from CN¥0.29 in 2Q 2022). Revenue: CN¥589.8m (down 18% from 2Q 2022). Net income: CN¥50.7m (down 65% from 2Q 2022). Profit margin: 8.6% (down from 20% in 2Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Interactive Media and Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 28% per year whereas the company’s share price has fallen by 24% per year. Anuncio • Aug 16
Tongdao Liepin Group to Report First Half, 2023 Results on Aug 25, 2023 Tongdao Liepin Group announced that they will report first half, 2023 results on Aug 25, 2023 Recent Insider Transactions • Jul 25
Executive Director & CTO recently sold €92k worth of stock On the 20th of July, Xingmao Chen sold around 98k shares on-market at roughly €0.94 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €213k more than they bought in the last 12 months. Anuncio • Jun 24
Tongdao Liepin Group Announces Demise of Choi Onward, an Independent Non-Executive Director, and the Chairman of the Audit Committee and A Member of the Remuneration Committee The board of directors of Tongdao Liepin Group announced with sorrow that Mr. CHOI Onward ("Mr. CHOI"), an independent non-executive Director, and the chairman of the audit committee and a member of the remuneration committee of the Company, passed away on 12 June 2023. Mr. CHOI had served the Board as an independent non-executive Director since June 2018. The Board would like to express its sincere gratitude to Mr. CHOI for his valuablecontributions to the Company during his tenure. The Board further expresses its deepest sorrow for the passing away of Mr. CHOI and conveys its heartfelt condolences to his family. Following the passing away of Mr. CHOI, the Board comprises five Directors, including two executive Directors, one non-executive Director and two independent non-executive Directors. The Company currently does not meet (i) the minimum number of independent non-executive directors required under Rule 3.10(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"); (ii) the minimum number of members in the audit committee required under Rule 3.21 of the Listing Rules; and (iii) the requirement of at least one of the independent non-executive directors must have appropriate professional qualifications or accounting or related financial management expertise under Rule 3.10(2) of the Listing Rules. Reported Earnings • May 31
First quarter 2023 earnings released First quarter 2023 results: Revenue: CN¥503.2m (down 22% from 1Q 2022). Net loss: CN¥42.4m (loss widened CN¥38.7m from 1Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe. 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 21% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: CN¥0.088 (vs CN¥0.26 in FY 2021) Full year 2022 results: EPS: CN¥0.088 (down from CN¥0.26 in FY 2021). Revenue: CN¥2.64b (flat on FY 2021). Net income: CN¥44.4m (down 67% from FY 2021). Profit margin: 1.7% (down from 5.1% in FY 2021). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €1.50, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 19x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 38% share price gain to €1.50, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 19x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 6.8% over the past three years. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 21% share price gain to €1.18, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 20x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 39% over the past three years. Reported Earnings • Nov 26
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: CN¥641.5m (down 5.9% from 3Q 2021). Net income: CN¥114.2m (up 53% from 3Q 2021). Profit margin: 18% (up from 11% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Interactive Media and Services industry in Europe. 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. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Onward Choi 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. Anuncio • Nov 16
Tongdao Liepin Group to Report Q3, 2022 Results on Nov 25, 2022 Tongdao Liepin Group announced that they will report Q3, 2022 results on Nov 25, 2022 Anuncio • Sep 16
Tongdao Liepin Group Announces Board Changes The board of directors of Tongdao Liepin Group announced that Mr. Zuo Lingye has tendered his resignation as a non-executive Director on 15 September 2022, with effect from the same day. Accordingly, Mr. Zuo has ceased to be a member of the audit committee of the Company. Mr. Zuo has resigned due to his other work commitment which requires more of his dedication. He has 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 of the Company. Mr. Zuo has performed his duties diligently and conscientiously since he joined the Board in March 2018 and has made important contributions in areas including corporate governance, operation of the Board, development strategy, risk management as well as corporate social responsibility fulfilment of the Company. Following the resignation of Mr. Zuo, Mr. Zhang Ximeng, an existing independent non- executive Director, has been appointed as a member of the Audit Committee with effect from 15 September 2022 to fill the vacancy left by Mr. Zuo. Reported Earnings • Aug 20
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: CN¥723.0m (up 7.0% from 2Q 2021). Net income: CN¥145.9m (up 138% from 2Q 2021). Profit margin: 20% (up from 9.1% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 27%, compared to a 16% growth forecast for the Interactive Media and Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Anuncio • Jun 18
Tongdao Liepin Group Announces Management Changes The board of directors of Tongdao Liepin Group announced that Ding Gordon Yi has tendered his resignation as a non-executive Director on 17 June 2022, with effect on the same day. Accordingly, Ding has ceased to be a member of the remuneration committee of the Company. Ding has resigned due to his other work commitment which requires more of his dedication and has 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 of the Company. Following the resignation of Ding, Ye Yaming, an existing independent non-executive Director, has been appointed as a member of the Remuneration Committee with effect from 17 June 2022 to fill the vacancy left by Ding. Reported Earnings • May 28
First quarter 2022 earnings released First quarter 2022 results: CN¥0.007 loss per share. Revenue: CN¥648.6m (up 24% from 1Q 2021). Net loss: CN¥3.72m (loss narrowed 53% from 1Q 2021). Over the next year, revenue is forecast to grow 24%, compared to a 17% growth forecast for the industry in Germany. Anuncio • May 18
Tongdao Liepin Group to Report Q1, 2022 Results on May 27, 2022 Tongdao Liepin Group announced that they will report Q1, 2022 results on May 27, 2022 Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Onward Choi was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 20
Full year 2021 earnings released: EPS: CN¥0.26 (vs CN¥0.10 in FY 2020) Full year 2021 results: EPS: CN¥0.26 (up from CN¥0.10 in FY 2020). Revenue: CN¥2.65b (up 42% from FY 2020). Net income: CN¥134.4m (up 151% from FY 2020). Profit margin: 5.1% (up from 2.9% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 23%, compared to a 27% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Anuncio • Apr 19
Tongdao Liepin Group, Annual General Meeting, May 12, 2022 Tongdao Liepin Group, Annual General Meeting, May 12, 2022, at 10:00 China Standard Time. Location: 8th Floor, Building C, RongXin Technology CentreGuangshun North Street, Chaoyang District Guangshun North Street, Chaoyang District Beijing China Agenda: To receive the audited consolidated financial statements of the Company and the reports of the directors and auditors for the year ended 31 December 2021; to re-elect Mr. Dai Kebin as an executive director of the Company; to re-elect Mr. Chen Xingmao as an executive director of the Company;to re-elect Mr. Choi Onward as an independent non-executive director of the Company; to authorize the board of directors of the Company to fix the respective directors' remuneration; to re-appoint Messrs. KPMG as the auditors of the Company and to authorize the board of directors of the Company to fix their remuneration; and to consider other matters. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €1.68, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 25x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improved over the past week After last week's 20% share price gain to €1.85, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 27x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 43% over the past three years. Reported Earnings • Nov 27
Third quarter 2021 earnings: Revenues exceed analyst expectations Third quarter 2021 results: Revenue: CN¥681.7m (up 50% from 3Q 2020). Net income: CN¥74.7m (up 126% from 3Q 2020). Profit margin: 11% (up from 7.3% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 21%, compared to a 51% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Oct 28
Chairman of the Board & CEO recently bought €623k worth of stock On the 22nd of October, Kebin Dai bought around 470k shares on-market at roughly €1.33 per share. This was the largest purchase by an insider in the last 3 months. Kebin has been a buyer over the last 12 months, purchasing a net total of €978k worth in shares. Anuncio • May 25
Tongdao Liepin Group Reaffirms Annual Outlook for 2021 Tongdao Liepin Group reaffirmed annual outlook for 2021. Annual outlook for 2021 may turn at the same level as the company put it at the beginning of the year. Reported Earnings • Apr 27
Full year 2020 earnings released: EPS CN¥0.10 (vs CN¥0.23 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥1.87b (up 24% from FY 2019). Net income: CN¥53.6m (down 55% from FY 2019). Profit margin: 2.9% (down from 8.0% in FY 2019). The decrease in margin was driven by higher expenses. Anuncio • Mar 20
Tongdao Liepin Group, Annual General Meeting, Jun 08, 2021 Tongdao Liepin Group, Annual General Meeting, Jun 08, 2021. Anuncio • Mar 10
Tongdao Liepin Group to Report Fiscal Year 2020 Results on Mar 19, 2021 Tongdao Liepin Group announced that they will report fiscal year 2020 results on Mar 19, 2021 Is New 90 Day High Low • Feb 04
New 90-day high: €2.10 The company is up 1.0% from its price of €2.08 on 06 November 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Interactive Media and Services industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.77 per share. Is New 90 Day High Low • Dec 31
New 90-day low: €1.91 The company is down 9.0% from its price of €2.10 on 02 October 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.71 per share. Anuncio • Sep 23
Tongdao Liepin Group Announces Change of Principal Place of Business in Hong Kong The board of directors of Tongdao Liepin Group announced that the principal place of business of the Company in Hong Kong has been changed from Unit 402, 4/F Faimont Hse, No.8 Cotton Tree Drive, Admiralty, Hong Kong to Unit 417, 4th Floor, Lippo Centre, Tower Two, No. 89 Queensway, Admiralty, Hong Kong. Anuncio • Aug 31
Tongdao Liepin Group to Report First Half, 2020 Results on Aug 18, 2020 Tongdao Liepin Group announced that they will report first half, 2020 results on Aug 18, 2020 
