New Risk • Aug 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$77.5m (US$9.88m) 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$8.7m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-HK$231m). Market cap is less than US$10m (HK$77.5m market cap, or US$9.88m). Reported Earnings • Aug 03
Full year 2026 earnings released: HK$0.16 loss per share (vs HK$0.039 loss in FY 2025) Full year 2026 results: HK$0.16 loss per share (further deteriorated from HK$0.039 loss in FY 2025). Revenue: HK$264.2m (flat on FY 2025). Net loss: HK$42.5m (loss widened 312% from FY 2025). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Jul 10
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: HK$1.1m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (45% average daily change). Negative equity (-HK$231m). Minor Risks Significant insider selling over the past 3 months (HK$1.1m sold). Market cap is less than US$100m (HK$107.0m market cap, or US$13.6m). Reported Earnings • Jul 02
Full year 2026 earnings released: HK$0.16 loss per share (vs HK$0.039 loss in FY 2025) Full year 2026 results: HK$0.16 loss per share (further deteriorated from HK$0.039 loss in FY 2025). Revenue: HK$264.2m (flat on FY 2025). Net loss: HK$42.5m (loss widened 312% from FY 2025). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Anuncio • Jul 01
Wai Chun Group Holdings Limited, Annual General Meeting, Sep 02, 2026 Wai Chun Group Holdings Limited, Annual General Meeting, Sep 02, 2026. Anuncio • Jun 24
Wai Chun Group Holdings Limited Provides Consolidated Earnings Guidance for the Year Ended 31 March 2026 Wai Chun Group Holdings Limited provided consolidated earnings guidance for the Year Ended 31 March 2026. For the period, the Group is expected to record consolidated net loss of not less than approximately HKD 40.0 million for this Year. The increase from audited net loss of approximately HKD 10.3 million in last year to unaudited net loss of not less than approximately HKD 40.0 million in this Year was primarily because there was gain on modification of convertible bonds of approximately HKD 23.6 million recognised in last year and there was no corresponding gain during this Year. Anuncio • Jun 19
Wai Chun Group Holdings Limited to Report Fiscal Year 2026 Results on Jun 30, 2026 Wai Chun Group Holdings Limited announced that they will report fiscal year 2026 results at 12:30 PM, China Standard Time on Jun 30, 2026 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 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 Risk Negative equity (-HK$205m). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$85.6m market cap, or US$11.0m). Board Change • Jan 21
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. No experienced directors. No highly experienced directors. Executive Chairman of the Board & CEO KC Lam is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 03
First half 2026 earnings released: HK$0.059 loss per share (vs HK$0.063 loss in 1H 2025) First half 2026 results: HK$0.059 loss per share (improved from HK$0.063 loss in 1H 2025). Revenue: HK$82.0m (up 90% from 1H 2025). Net loss: HK$15.7m (loss narrowed 6.7% from 1H 2025). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 30
First half 2026 earnings released: HK$0.059 loss per share (vs HK$0.063 loss in 1H 2025) First half 2026 results: HK$0.059 loss per share (improved from HK$0.063 loss in 1H 2025). Revenue: HK$82.0m (up 90% from 1H 2025). Net loss: HK$15.7m (loss narrowed 6.7% from 1H 2025). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. New Risk • Nov 29
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$11m 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$11m free cash flow). Negative equity (-HK$205m). Market cap is less than US$10m (HK$49.5m market cap, or US$6.35m). Board Change • Nov 13
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. No experienced directors. No highly experienced directors. Executive Chairman of the Board & CEO KC Lam is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 10
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. No experienced directors. No highly experienced directors. Executive Chairman of the Board & CEO KC Lam is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 10
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. No experienced directors. No highly experienced directors. Executive Chairman of the Board & CEO KC Lam is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 01
Full year 2025 earnings released: HK$0.039 loss per share (vs HK$0.14 loss in FY 2024) Full year 2025 results: HK$0.039 loss per share (improved from HK$0.14 loss in FY 2024). Revenue: HK$266.3m (down 2.8% from FY 2024). Net loss: HK$10.3m (loss narrowed 72% from FY 2024). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Anuncio • Jul 30
Wai Chun Group Holdings Limited, Annual General Meeting, Aug 26, 2025 Wai Chun Group Holdings Limited, Annual General Meeting, Aug 26, 2025, at 10:30 China Standard Time. Location: rooms 4001-02, 40/f., china resources building, 26 harbour road, wanchai, Hong Kong Board Change • Jul 24
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. No experienced directors. No highly experienced directors. Executive Chairman of the Board & CEO KC Lam is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 02
Full year 2025 earnings released: HK$0.039 loss per share (vs HK$0.14 loss in FY 2024) Full year 2025 results: HK$0.039 loss per share (improved from HK$0.14 loss in FY 2024). Revenue: HK$266.3m (down 2.8% from FY 2024). Net loss: HK$10.3m (loss narrowed 72% from FY 2024). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Board Change • Jul 01
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. No experienced directors. No highly experienced directors. Executive Chairman of the Board & CEO KC Lam is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Anuncio • Jun 12
Wai Chun Group Holdings Limited to Report Fiscal Year 2025 Results on Jun 30, 2025 Wai Chun Group Holdings Limited announced that they will report fiscal year 2025 results at 4:00 PM, China Standard Time on Jun 30, 2025 Board Change • Jun 05
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Bo Wan is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Apr 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 15% 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$105m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Negative equity (-HK$257m). Earnings have declined by 10% per year over the past 5 years. Market cap is less than US$10m (HK$41.2m market cap, or US$5.31m). Reported Earnings • Jan 03
First half 2025 earnings released: HK$0.063 loss per share (vs HK$0.071 loss in 1H 2024) First half 2025 results: HK$0.063 loss per share (improved from HK$0.071 loss in 1H 2024). Revenue: HK$43.1m (down 72% from 1H 2024). Net loss: HK$16.8m (loss narrowed 11% from 1H 2024). 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 39% per year, which means it is significantly lagging earnings. Anuncio • Dec 19
Wai Chun Group Holdings Limited Announces the Resignation of Chin Ying Ying as Company Secretary The board of directors of the Wai Chun Group Holdings Limited announced that, with effect from 18 December 2024, Ms. Chin Ying Ying (Ms. Chin) resigned as the Company Secretary as Ms. Chin would like to devote more time for her personal future development. Anuncio • Nov 15
Wai Chun Group Holdings Limited to Report First Half, 2025 Results on Nov 15, 2024 Wai Chun Group Holdings Limited announced that they will report first half, 2025 results on Nov 15, 2024 Anuncio • Oct 18
Wai Chun Group Holdings Limited Announces Company Secretary Changes The board of the directors of Wai Chun Group Holdings Limited announced that Mr. Fenn David (‘Mr. Fenn’) has tendered his resignation as the company secretary of the Company and an authorised representative of the Company with effect from 17 October 2024. The Board further announced that Ms. Chin Ying Ying (‘Ms. Chin’) has been appointed as the Company Secretary and the Authorised Representative with effect from 18 October 2024. Ms. Chin, aged 36, graduated from The Hong Kong Polytechnic University in 2009 with a BBA (Hons) in Accountancy with first-class honours. She is a member of the Hong Kong Institute of Certified Public Accountants, a Certified Internal Auditor and a Certified Environmental, Social and Governance Analyst (CESGA) from the European Federation of Financial Analysts Societies. Ms. Chin has more than 12 years of experiences in accounting, internal audit and corporate secretarial related matters. Anuncio • Aug 21
Wai Chun Group Holdings Limited, Annual General Meeting, Sep 13, 2024 Wai Chun Group Holdings Limited, Annual General Meeting, Sep 13, 2024, at 10:30 China Standard Time. Location: rooms 4001-02, 40/f., china resources building, 26 harbour road, wanchai., Hong Kong Reported Earnings • Jul 31
Full year 2024 earnings released: HK$0.14 loss per share (vs HK$0.19 loss in FY 2023) Full year 2024 results: HK$0.14 loss per share (improved from HK$0.19 loss in FY 2023). Revenue: HK$273.9m (up 55% from FY 2023). Net loss: HK$36.5m (loss narrowed 28% from FY 2023). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Anuncio • Jul 25
Wai Chun Group Holdings Limited Appoints Kung Ying Tung as an Independent Non-Executive Director, Chairlady of the Audit Committee, A Member of Nomination Committee and Remuneration Committee Wai Chun Group Holdings Limited announced that Ms. Kung Ying Tung (Ms. Kung) has been appointed as an independent non-executive Director (INED) with effect from 25 July 2024. Ms. Kung, aged 35, holds a Bachelor's degree from the University of Bedfordshire in the United Kingdom, majoring in Accountancy. Ms. Kung has been a Certified Public Accountant in Australia since 2013 and has over 15 years of experience in the field of accounting and financial management. Ms. Kung is familiar with accounting and taxation regulations in Hong Kong, Mainland China and overseas, and has extensive experience in supervising and managing financial operations. Ms. Kung has been the accounting officer of Prince Jewellery and Watch Company Limited since 2008 and resigned in 2018, in Ms. Kung's tenure, her duties and responsibilities were to establish and maintain an effective operational analysis and reporting system, formulate revenue budgets and cash flow forecasts and planning, month-end and year-end closings and monitor day-to-day operations, prepare monthly planning and financial analyses, ensure the implementation of internal control procedures are in place and in compliance with the company's standards and handle audit queries and communicate with auditors to ensure all annual audit reports and tax procedures are followed up. Ms. Kung is currently the founder of Supreme Accounting and Corporate Service Limited since 2019 and duties include the provision of financing and government subsidy consultancy services, company formation services, accounting audit and tax advisory services, registered address services for company secretarial services, trademark registration services and certified copy services. Ms. Kung has entered into a letter of appointment with the company as an INED for an initial term of two years commencing from 25 July 2024. Ms. Kung will hold office until the first general meeting of the Company after her appointment and will thereafter be subject to retirement by rotation and re-election in accordance with the provisions of the articles of association of the company. Ms. Kung has been appointed as the chairlady of the audit committee, a member of each of the nomination committee and remuneration committee of the Company with effect from 25 July 2024. New Risk • Jul 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. 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$258m). Earnings have declined by 26% per year over the past 5 years. Market cap is less than US$10m (HK$30.7m market cap, or US$3.94m). Minor Risk Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Anuncio • Jun 28
Wai Chun Group Holdings Limited to Report Fiscal Year 2024 Results on Jul 31, 2024 Wai Chun Group Holdings Limited announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Jul 31, 2024 Anuncio • Jun 01
Wai Chun Group Holdings Limited Announces Secretary Changes Wai Chun Group Holdings Limited announced the resignation of Mr. Lam Kai Kei, as a company secretary. The board of the directors announced that Mr. Fenn David as the Company Secretary under Rule 3.28 of Listing Rules, with effect from 1 June 2024. Mr. Fenn, aged 43, he obtained his bachelor of laws degree with honours from The University of Hong Kong in December 2002. He was awarded the postgraduate certificate in laws by The University of Hong Kong in June 2003. Mr. Fenn further obtained a master of laws degree in banking and finance from University College London, University of London in the United Kingdom in November 2006. Mr. Fenn was admitted as a solicitor in Hong Kong in September 2005 and is specialised in the field of securities compliance, disputes resolution, winding-up and restructuring. He was appointed as an adjudicator of the Registration of Persons Tribunal of Hong Kong from November 2013 to October 2019. He has been appointed as a disciplinary panel member of the Hong Kong Institute of Certified Public Accountants from February 2016 to January 2023, a member of the Appeal Panel (Housing) of the Transport and Housing Bureau of Hong Kong from April 2017 to March 2021. He was the independent non-executive director of Bradaverse Education (Int'l) Investments Group Limited from May 2018 to January 2023. He is currently an independent non-executive director of Stream Ideas Group Limited and Sun Kong Holdings Limited, the shares of which are listed on GEM of the Stock Exchange. He was a company secretary and authorised representative of Wai Chun Group Holdings Limited and Wai Chun Bio-Technology Limited, the shares of which are listed on Main Board of the Stock Exchange from February 2022 to July 2023. Anuncio • Apr 26
Wai Chun Group Holdings Limited to Report Fiscal Year 2024 Results on May 16, 2024 Wai Chun Group Holdings Limited announced that they will report fiscal year 2024 results on May 16, 2024 Anuncio • Mar 28
Wai Chun Group Holdings Limited Announces Management Changes The board of directors of Wai Chun Group Holdings Limited announced that (i) Ms. LI Huifang has tendered her resignation as the company secretary of the Company and has ceased to act as an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 28 March 2024; and (ii) Mr. Lam Kai Kei has been appointed as the Company Secretary and Authorised Representative with effect from 28 March 2024. Mr. Lam, aged 38, holds a master's degree in corporate governance from The Hong Kong Polytechnic University and a Bachelor of Commerce (Honours) in Accounting from Hong Kong Shue Yan University. Mr. Lam is a fellow certified practising accountant of CPA Australia and an associate member of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. Mr. Lam has more than 15 years of experience in corporate governance, corporate finance, auditing and financial management. Mr. Lam is currently a financial controller of Renaissance Asia Silk Road Group Limited, the issued shares of which are listed on the Main Board of the Stock Exchange. Mr. Lam was an accounting manager of Sino-Ocean Group Holding Limited, the issued shares of which are listed on the Main Board of the Stock Exchange from December 2021 to October 2022. He also served as finance manager of China Vast Industrial Urban Development Company Limited, the issued shares of which are listed on the Main Board of the Stock Exchange from December 2017 to December 2021. Prior to joining the listed companies, he mainly worked in two international audit firms for over 7 years. The Board is of the view that Mr. Lam is qualified to act as the company secretary under Rule 3.28 of the Rules Governing the Listing of Securities on the Stock Exchange. Anuncio • Feb 15
Wai Chun Group Holdings Limited Announces Change of Company Secretary and Authorised Representative Wai Chun Group Holdings Limited announced that Ms. HE Xiaoping has tendered her resignation as the company secretary and has ceased to act as an authorised representaive of the company. The Board further announced that Ms. LI Huifang ("Ms. Li") has been appointed as the Company Secretary and Authorised Representative with effect from 15 February 2024. Ms. Li is an associate member of both The Hong Kong Chartered Governance Institute (formerly known as The Hong Kong Institute of Chartered Secretaries) and The Chartered Governance Institute, and awarded with the dual designations of Chartered Secretary and Chartered Governance Professional. Ms. Li has over 8 years of experience in the corporate secretarial field. Reported Earnings • Dec 06
First half 2024 earnings released: HK$0.071 loss per share (vs HK$0.097 loss in 1H 2023) First half 2024 results: HK$0.071 loss per share (improved from HK$0.097 loss in 1H 2023). Revenue: HK$152.4m (up 45% from 1H 2023). Net loss: HK$19.0m (loss narrowed 27% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. Board Change • Nov 30
High number of new directors Executive Chairman of the Board & CEO Ka Chun Lam was the last director to join the board, commencing their role in 2023. Anuncio • Nov 23
Wai Chun Group Holdings Limited to Report First Half, 2024 Results on Nov 30, 2023 Wai Chun Group Holdings Limited announced that they will report first half, 2024 results on Nov 30, 2023 Board Change • Nov 01
High number of new directors Executive Chairman of the Board & CEO Ka Chun Lam was the last director to join the board, commencing their role in 2023. New Risk • Aug 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$77.0m (US$9.83m) 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$8.8m free cash flow). Share price has been highly volatile over the past 3 months (27% average weekly change). Negative equity (-HK$231m). Earnings have declined by 31% per year over the past 5 years. Market cap is less than US$10m (HK$77.0m market cap, or US$9.83m). Anuncio • Jul 29
Wai Chun Group Holdings Limited, Annual General Meeting, Aug 22, 2023 Wai Chun Group Holdings Limited, Annual General Meeting, Aug 22, 2023, at 10:00 China Standard Time. Location: Room 400102, 40/F., China Resources Building, 26 Harbour Road Wanchai Hong Kong Agenda: To receive and consider the audited consolidated financial statements and the reports of the directors of the Company and auditor of the Company for the year ended 31 March 2023; to re-elect Dr. Wang Wei as an independent non-executive director of the Company; To authorize the board of Directors to fix his remuneration; to re-appoint CCTH CPA Limited as the auditor of the Company and to authorize the Board to fix its remuneration; to grant a general mandate to the Directors to issue, allot and deal with new shares of the Company; to grant a general mandate to the Directors to repurchase shares of the Company; and to consider other matters. Anuncio • Jul 27
Wai Chun Group Holdings Limited Announces Resignation of Chan Wai Dune as Independent Non-Executive Director Wai Chun Group Holdings Limited announced that Mr. Chan Wai Dune has tendered his resignation as an independent non-executive director with effect from the forthcoming AGM, and will cease to act as the chairman of the Company's audit committee (the "Audit Committee"), a member of the Company's remuneration committee (the "Remuneration Committee") and a member of the Company's nomination committee (the "Nomination Committee") as he wished to devote more time to his personal commitments. Mr. Chan has confirmed that he has no disagreement with the Board and is not aware of any matters in connection with his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited and the Shareholders. Anuncio • Jul 15
Wai Chun Group Holdings Limited Announces Management Changes Wai Chun Group Holdings Limited announced that Mr. FENN David ("Mr. Fenn") has tendered his resignation as the Company Secretary of the Company and has ceased to act as an Authorised Representative of the Company for the purpose of Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") with effect from 14 July 2023. The Board further announces that Ms. HE Xiaoping ("Ms. He") has been appointed as the Company Secretary and Authorised Representative of the Company with effect from 14 July 2023. Ms. He has more than 10 years of experience in auditing, accounting and company secretarial matters. Ms. He has worked in different organisations, including leading accounting firms and various listed companies in Hong Kong. Ms. He graduated from the University of Electronic Science and Technology of China and she is a member of the Hong Kong Institute of Certified Public Accountants. Reported Earnings • Jul 01
Full year 2023 earnings released: HK$0.024 loss per share (vs HK$0.059 loss in FY 2022) Full year 2023 results: HK$0.024 loss per share (improved from HK$0.059 loss in FY 2022). Revenue: HK$176.8m (down 24% from FY 2022). Net loss: HK$50.7m (loss narrowed 60% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings. New Risk • Jun 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$68.5m (US$8.74m) 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 Share price has been highly volatile over the past 3 months (20% average weekly change). Negative equity (-HK$212m). Earnings have declined by 29% per year over the past 5 years. Market cap is less than US$10m (HK$68.5m market cap, or US$8.74m). Anuncio • Jun 21
Wai Chun Group Holdings Limited to Report Fiscal Year 2023 Results on Jun 30, 2023 Wai Chun Group Holdings Limited announced that they will report fiscal year 2023 results on Jun 30, 2023 Reported Earnings • Dec 01
First half 2023 earnings released: HK$0.012 loss per share (vs HK$0.013 loss in 1H 2022) First half 2023 results: HK$0.012 loss per share (improved from HK$0.013 loss in 1H 2022). Revenue: HK$105.5m (down 16% from 1H 2022). Net loss: HK$25.9m (loss narrowed 3.8% from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 8 percentage points per year, which is a significant difference in performance. Anuncio • Nov 22
Wai Chun Group Holdings Limited Announces Board Changes The board of directors of Wai Chun Group Holdings Limited announced that Mr. Wan Bo has been appointed as an independent non-executive director, of the Company with effect from 21 November 2022. Mr. Wan, aged 54, has been the general manager of Guizhou Haiming Real Estate Investment Co. Ltd. since 2001. Mr. Wan also served as the general manager of Guizhou Qianyi Real Estate Development Co. Ltd. from 1991 to 2000. Mr. Wan is an engineer and graduated from East China Jiaotong University with major in Civil Engineering. Mr. Wan is also currently an independent non-executive director of Wan Chun Bio- Technology Limited, a company listed on The Stock Exchange of Hong Kong Limited. Mr. Wan has been appointed as a member of each of the audit committee, nomination committee and remuneration committee of the Company with effect from 21 November 2022. Anuncio • Nov 19
Wai Chun Group Holdings Limited to Report First Half, 2023 Results on Nov 30, 2022 Wai Chun Group Holdings Limited announced that they will report first half, 2023 results on Nov 30, 2022 Anuncio • Aug 23
Wai Chun Group Holdings Limited Announces Resignation of Hung Hoi Ming Raymond as Independent Non-Executive Director, and Members of the Remuneration Committee, Audit Committee and Nomination Committee The board of directors of Wai Chun Group Holdings Limited announced that on 22 August 2022 (after trading hours), Mr. Hung Hoi Ming Raymond has resigned as an Independent Non-executive Director, and ceased to be the members of the Company's Remuneration Committee, Audit Committee and Nomination Committee of the Company. Mr. Hung has to resign from the Board as he wishes to devote more time to his personal commitments. Mr. Hung has confirmed that he has no disagreement with the Board and is not aware of any matters in connection with his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company. Reported Earnings • Jul 31
Full year 2022 earnings released: HK$0.059 loss per share (vs HK$0.008 loss in FY 2021) Full year 2022 results: HK$0.059 loss per share (down from HK$0.008 loss in FY 2021). Revenue: HK$233.9m (up 46% from FY 2021). Net loss: HK$127.1m (loss widened HK$109.2m from FY 2021). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings. Anuncio • Jul 28
Wai Chun Group Holdings Limited, Annual General Meeting, Aug 18, 2022 Wai Chun Group Holdings Limited, Annual General Meeting, Aug 18, 2022, at 10:30 China Standard Time. Location: 13/F.,Admiralty Centre 2, 18 Harcourt Road, Admiralty Hong Kong Agenda: To receive and consider the audited consolidated financial statements and the reports of the directors of the Company (the "Directors") and auditor of the Company for the year ended 31 March 2022;to re-elect Mr. Lam Ching Kui as an executive director of the Company;to re-elect Mr. Hung Hoi Ming Raymond as an independent non-executive director of the Company;to authorise the board of Directors (the "Board") to fix their remuneration;to re-appoint ZHONGHUI ANDA CPA Limited as the auditor of the Company and to authorize the Board to fix the remuneration of the auditor of the Company;and to consider other matters. Anuncio • Jul 19
Wai Chun Group Holdings Limited Announces Resignation of Chan Cheuk Wai Chun Group Holdings Limited announced that on 18 July 2022, Mr. Chan Cheuk Ho has resigned as an Independent Non-executive Director, and ceased to be the members of the Company's Remuneration Committee, Audit Committee and Nomination Committee of the Company. Board Change • Jul 02
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. No experienced directors. 1 highly experienced director. Executive Chairman of the Board & CEO Ching Kui Lam is the most experienced director on the board, commencing their role in 2008. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 01
Full year 2022 earnings released Full year 2022 results: Revenue: HK$233.9m (up 46% from FY 2021). Net loss: HK$127.1m (loss widened HK$109.2m from FY 2021). Anuncio • Jun 17
Wai Chun Group Holdings Limited Appoints Hung Hoi Ming Raymond as Independent Non-Executive Director The board of directors of Wai Chun Group Holdings Limited to announced that Mr. Hung Hoi Ming Raymond has been appointed as an Independent Non-Executive Director of the Company, a member of the Company's Audit Committee, a member of the Company's Nomination Committee and a member of the Company's Remuneration Committee with effect from 16 June 2022. Mr. Hung, aged 41, has about 18 years of experience in corporate finance, listings, restructurings, mergers and acquisitions and investment. He graduated from York University in Toronto, Canada with a bachelor degree in information technology in 2005. Mr. Hung also obtained a master degree in global finance from the Hong Kong University of Science and Technology and the New York University Stern School of Business in 2011. Mr. Hung worked at various private and listed companies. He started off as an analyst at Joy Silver Limited in November 2005 and advised on a range of matters such as mergers and acquisitions. He served as the vice president of finance in Alpine Summit Energy Partners Inc. for the period from April 2013 to February 2016, during which he worked on matters such as restructurings. Mr. Hung joined China Success Finance Group Holdings Limited, a listed company in the Main Board of the Stock Exchange of Hong Kong Limited as an executive Director from September 2017 to September 2018. Prior to joining the Group, Mr.Hung is currently an executive director of First Seafront International Capital Limited since August 2019. He was responsible for a number of duties, including facilitating overseas mergersfor PRC enterprises. Save as disclosed above, Mr. Hung did not hold any directorship in other listed companies or any position with the Company in the three years preceding the date of this announcement. Mr. Hung does not have any relationship with any Directors, senior management, substantial or controlling shareholders of the Company. As at the date of this announcement, Mr. Hung does not have any interest in the share and/or underlying shares of the Company or its associated cooperation within the meaning of Part XV of the Securities and Futures Ordinance. Mr. Hung has entered a letter of appointment as Independent Non-executive Director of the Company for an initial term of two years commencing from 16 June 2022 subject to the provision of retirement and rotation of Directors under the Company's Articles of Association. Anuncio • Jun 15
Wai Chun Group Holdings Limited to Report Fiscal Year 2022 Results on Jun 29, 2022 Wai Chun Group Holdings Limited announced that they will report fiscal year 2022 results on Jun 29, 2022 Anuncio • Mar 03
Wai Chun Group Holdings Limited Announces Appointment of Chan Cheuk Ho as Independent Non-Executive Director, Member of Audit Committee, Nomination Committee and Remuneration Committee The board of directors of Wai Chun Group Holdings Limited announced that Mr. Chan Cheuk Ho has been appointed as an Independent Non-Executive Director of the company, a member of the Company's Audit Committee, a member of the Company's Nomination Committee and a member of the Company's Remuneration Committee with effect from 1 March 2022. Mr. Chan, aged 56, joined Pine Technology Holdings Limited, a listed company in the Main Board of the Stock Exchange of Hong Kong Limited on 8 June 2017 as an executive Director. Anuncio • Feb 05
Wai Chun Group Holdings Limited Announces Change of Company Secretary and Authorised Representative The board of directors of Wai Chun Group Holdings Limited announced that, with effect from 4 February 2022, Mr. Tse Ho Lun Robin (Mr. Tse) resigned as the Company Secretary and Authorised Representative of the Company as Mr. Tse would like to devote more time for his career development. The Board announced that Fenn David (Mr. Fenn) has been appointed as the Company Secretary and Authorised Representative in place of Mr. Tse with effect from 4 February 2022. Mr. Fenn is currently an independent non-executive director of Stream Ideas Group Limited, Hong Kong Education (Int'l) Holdings Limited and Sun Kong Holdings Limited. Reported Earnings • Jan 04
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: HK$0.013 loss per share (down from HK$0.008 loss in 1H 2021). Revenue: HK$125.0m (up 93% from 1H 2021). Net loss: HK$26.9m (loss widened 51% from 1H 2021). Revenue was in line with analyst estimates. 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 46% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 17
First half 2022 earnings released: HK$0.013 loss per share (vs HK$0.008 loss in 1H 2021) The company reported a solid first half result with improved revenues and control over costs, although losses increased. First half 2022 results: Revenue: HK$125.0m (up 93% from 1H 2021). Net loss: HK$26.9m (loss widened 51% from 1H 2021). 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 57% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 02
Full year 2021 earnings released: HK$0.008 loss per share (vs HK$0.013 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: HK$159.8m (up 19% from FY 2020). Net loss: HK$17.9m (loss narrowed 36% from FY 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Anuncio • Jun 16
Wai Chun Group Holdings Limited Provides Earnings Guidance for the Year Ended 31 March 2021 The board of directors of Wai Chun Group Holdings Limited informed the shareholders of the company and potential investors that based on preliminary assessment of the unaudited consolidated management accounts of the Group and the information currently available to the Board for the year ended 31 March 2021 (the "Management Accounts"), the Group is expected to record a net profit not less than HKD 2.0 million for the year which is increased notably as compared with the net loss of approximately HKD 25.7 million for the corresponding period in 2020. Executive Departure • May 21
CFO & Company Secretary has left the company On the 10th of May, Chun Pang Ng's tenure as CFO & Company Secretary ended after less than a year in the role. We don't have any record of a personal shareholding under Chun Pang's name. A total of 6 executives have left over the last 12 months. Executive Departure • May 08
CFO & Company Secretary has left the company On the 30th of April, Chun Tak Chiu's tenure as CFO & Company Secretary ended after less than a year in the role. We don't have any record of a personal shareholding under Chun Tak's name. A total of 5 executives have left over the last 12 months. Reported Earnings • Nov 29
First half 2021 earnings released: HK$0.008 loss per share The company reported a poor first half result with increased losses and weaker revenues and control over expenses. First half 2021 results: Revenue: HK$64.8m (down 21% from 1H 2020). Net loss: HK$17.8m (loss widened 41% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Anuncio • Nov 12
Wai Chun Group Holdings Limited Appoints Chan Wai Dune as an Independent Non-Executive Director of the Company, the Chairman of the Company's Audit Committee, A Member of the Company's Nomination Committee and A Member of the Company's Remuneration Committee The board of directors of Wai Chun Group Holdings Limited announced that Mr. Chan Wai Dune has been appointed as an Independent Non-Executive Director of the Company, the Chairman of the Company's Audit Committee, a member of the Company's Nomination Committee and a member of the Company's Remuneration Committee with effect from 11 November 2020. Mr. Chan is currently the chairman and chief executive officer of Crowe (HK) CPA
Limited. He has over 39 years of experience in the finance sector, particularly in the areas of auditing and taxation. Mr. Chan is a certified public accountant and is a fellow member of each of the Association of Chartered Certified Accountants, the Hong Kong Institute of Certified Public Accountants ("HKICPA") and the Taxation Institute of Hong Kong. He is also an associate chartered accountant of The Institute of Chartered Accountants in England and Wales.
Mr. Chan is currently serving various public positions such as the executive vice chairman of the Hong Kong Federation of Guangzhou Associations and a member and a standing committee member of CPPCC of the Guangzhou Municipal Committee. Mr. Chan was a member of the Selection Committee for the establishment of the First Government of the Hong Kong Special Administrative Region. Anuncio • Nov 07
Wai Chun Group Holdings Limited Announces Resignation of Chan Chun Wai Tony as Independent Non-Executive Director, Chairman of Audit Committee and the Members of Nomination Committee and Remuneration Committee The board of directors of Wai Chun Group Holdings Limited hereby announces that on November 6, 2020, Mr. Chan Chun Wai Tony has resigned as an Independent Non-executive Director, and ceased to be the Chairman of Audit Committee of the Company and the members of Nomination Committee and Remuneration Committee of the Company. Mr. Chan has to resign from the Board as he wishes to devote more time to his personal commitments. Mr. Chan has confirmed that he has no disagreement with the Board and is not aware of any matters in connection with his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company. Anuncio • Nov 05
Wai Chun Group Holdings Limited Announces Board Changes The board of directors of Wai Chun Group Holdings Limited announced that Dr. Wang Wei has been appointed as an Independent Non-executive Director of the Company, the Chairman of the Company's Remuneration Committee, a member of the Company's Nomination Committee and a member of the Company's Audit Committee with effect from 3 November 2020. Dr. Wang Wei has been appointed as the independent non-executive director of the Company since 3 November 2020. Dr. Wang has worked in Bank of China International, Hong Kong since 2008 and is currently the Managing Director of the Debt Capital Market Origination Department of Bank of China International, Hong Kong. He also currently serves as the Executive Vice President of the Hong Kong Institution for International Finance. Dr. Wang also served as the executive director of the Credit Research Strategy Department of Citigroup (Hong Kong) and the Vice President of the Corporate Bond Strategy Research Department of Salomon Smith Barney (New York). Dr. Wang also served as a postdoctoral research scientist of at the Lamont-Doherty Earth Research Center of Columbia University, USA from 1995 to 1997. Dr. Wang holds a doctorate in physical oceanography from the University of North Carolina at Chapel Hill, USA; a master degree of physical oceanography from the Second National Institute of Oceanography of China, and a bachelor degree of Mechanical Engineering (high-speed aerodynamics) from the University of Science and Technology of China. In addition, Dr. Wang is an adjunct professor/lecturer at the Chinese University of Hong Kong (Shenzhen), and an adjunct senior researcher and lecturer at Renmin University of China (Beijing). The Board hereby announces that on 3 November 2020, Mr. Ko Ming Tung has resigned as an Independent Non-executive Director, and ceased to be the Chairman of the Company's Remuneration Committee, members of Audit Committee and Nomination Committee of the Company. Anuncio • Oct 01
Wai Chun Group Holdings Limited announced that it expects to receive HKD 23.48 million in funding Wai Chun Group Holdings Limited (SEHK:1013) announced that it entered into the subscription agreement for a private placement of convertible bonds for the gross proceeds of HKD 23,480,000 on September 30, 2020. The transaction will include participation from individual investors, Ms. Wan Qianyi for HKD 11,800,000, Ms. Mai Xiuqun for HKD 11,800,000. The bonds will mature on the third anniversary of the Issue Date. Bonds bear a interest of 4% per annum. The bonds are convertible into 1,304,444,444 shares at a price of HKD 0.018 per share. The closing of the transaction is expected to be November 30, 2020. Anuncio • Jul 06
Wai Chun Group Holdings Limited to Report Fiscal Year 2020 Results on Jun 30, 2020 Wai Chun Group Holdings Limited announced that they will report fiscal year 2020 results on Jun 30, 2020 
