Board Change • May 20
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. 2 experienced directors. 4 highly experienced directors. Executive Director . Stephanie was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Nov 11
Wang On Group Limited to Report First Half, 2026 Results on Nov 24, 2025 Wang On Group Limited announced that they will report first half, 2026 results on Nov 24, 2025 Annonce • Jul 01
Wang On Group Limited, Annual General Meeting, Aug 19, 2025 Wang On Group Limited, Annual General Meeting, Aug 19, 2025, at 12:15 China Standard Time. Location: garden room a-d, 2/f, new world millennium hong kong hotel, 72 mody road, tsim sha tsui east, kowloon, Hong Kong Annonce • Jun 18
Wang On Group Limited to Report Fiscal Year 2025 Results on Jun 30, 2025 Wang On Group Limited announced that they will report fiscal year 2025 results at 9:30 AM, China Standard Time on Jun 30, 2025 Annonce • Jan 24
Wang on Group Limited Announces Change of Company Secretary The board of directors of Wang On Group Limited announced that Mr. Cheung Chin Wa Angus has tendered his resignation as the company secretary of the Company with effect from 25 January 2025. Mr. Angus Cheung has confirmed that he has no disagreement with the Board or the Company and there is no other matter that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited (the "Stock Exchange") regarding his resignation. The Board announced that Mr. Cheung Lap Kei ("Mr. Vincent Cheung") has been appointed as the company secretary of the Company with effect from 25 January 2025. Mr. Vincent Cheung joined the Group in November 2022 and is currently the Group Chief Financial Officer of the Company. Mr. Vincent Cheung obtained a Bachelor's degree in Commerce from The Australian National University in Australia and a Master's degree in Business Administration from Deakin University in Australia. He is a fellow member of the Hong Kong Institute of Certified Public Accountants and CPA Australia. Before joining the Group, Mr. Vincent Cheung worked for big four accounting firms (Ernst & Young, Certified Public Accountants and KPMG, Certified Public Accountants) and was responsible for auditing services. He also served in several companies which are listed on the Main Board of the Stock Exchange and was responsible for accounting, financing, corporate initial public offering, company secretarial matters and investors relationship etc. He has over 29 years of experience in financing and management. Board Change • Dec 30
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. 2 experienced directors. 4 highly experienced directors. Executive Director . Stephanie was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Nov 15
Wang On Group Limited to Report First Half, 2025 Results on Nov 27, 2024 Wang On Group Limited announced that they will report first half, 2025 results on Nov 27, 2024 Reported Earnings • Jul 28
Full year 2024 earnings released: HK$0.055 loss per share (vs HK$0.001 profit in FY 2023) Full year 2024 results: HK$0.055 loss per share (down from HK$0.001 profit in FY 2023). Revenue: HK$1.98b (down 45% from FY 2023). Net loss: HK$753.8m (down HK$766.6m from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 28
Full year 2024 earnings released: HK$0.055 loss per share (vs HK$0.001 profit in FY 2023) Full year 2024 results: HK$0.055 loss per share (down from HK$0.001 profit in FY 2023). Revenue: HK$1.98b (down 45% from FY 2023). Net loss: HK$753.8m (down HK$766.6m from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Annonce • Jun 28
Wang On Group Limited, Annual General Meeting, Aug 20, 2024 Wang On Group Limited, Annual General Meeting, Aug 20, 2024. Annonce • Jun 27
Wang on Group Limited Does Not Recommend the Payment of Final Dividend for the Year Ended 31 March 2024 Wang On Group Limited does not recommend the payment of a final dividend for the year ended 31 March 2024 (2023: recommended the payment of a final dividend of HK 0.04 cent per share, in total HKD 6,142,000) to the shareholders of the Company. Annonce • Jun 15
Wang On Group Limited to Report Fiscal Year 2024 Results on Jun 26, 2024 Wang On Group Limited announced that they will report fiscal year 2024 results on Jun 26, 2024 Board Change • Mar 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. 2 experienced directors. 4 highly experienced directors. Executive Director - Stephanie was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 30
First half 2024 earnings released: EPS: HK$0.008 (vs HK$0.002 loss in 1H 2023) First half 2024 results: EPS: HK$0.008 (up from HK$0.002 loss in 1H 2023). Revenue: HK$1.14b (down 45% from 1H 2023). Net income: HK$111.0m (up HK$134.6m from 1H 2023). Profit margin: 9.8% (up from net loss in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annonce • Nov 17
Wang On Group Limited to Report First Half, 2024 Results on Nov 28, 2023 Wang On Group Limited announced that they will report first half, 2024 results on Nov 28, 2023 Annonce • Sep 08
Wang On Group Limited (SEHK:1222) entered into an agreement to acquire 20.17% in China Agri-Products Exchange Limited from Tang Ching Ho for HKD 200 million. Wang On Group Limited (SEHK:1222) entered into an agreement to acquire 20.17% in China Agri-Products Exchange Limited from Tang Ching Ho for HKD 200 million on September 6, 2023. The Long Stop Date is January 31, 2024. Altus Capital Limited acted as financial advisor for Wang On Group Limited. The Purchaser intends to fund the Consideration by internal resources of the Group Reported Earnings • Jul 30
Full year 2023 earnings released: EPS: HK$0.001 (vs HK$0.021 loss in FY 2022) Full year 2023 results: EPS: HK$0.001 (up from HK$0.021 loss in FY 2022). Revenue: HK$3.60b (up 94% from FY 2022). Net income: HK$12.8m (up HK$318.0m from FY 2022). Profit margin: 0.4% (up from net loss in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Annonce • Jul 29
Wang On Group Limited, Annual General Meeting, Aug 22, 2023 Wang On Group Limited, Annual General Meeting, Aug 22, 2023, at 12:15 China Standard Time. Location: Garden Room A-D, 2/F., New World Millennium Hong Kong Hotel, 72 Mody Road, Tsim Sha Tsui East Kowloon Hong Kong Agenda: To receive, consider and adopt the audited consolidated financial statements and the reports of the directors and the auditor for the year ended 31 March 2023; to consider, approve and declare a final dividend of HK0.04 cent per share of the Company for the financial year ended 31 March 2023; to re-elect Mr. Tang Ching Ho as a director of the Company; to re-elect Mr. Wong Chun, Justein as a Director; and to authorise the board of Directors to fix the remuneration of the Directors; to re-appoint Ernst & Young as auditor of the Company and to authorise the Board to fix their remuneration; and to consider other matters. Annonce • Jun 30
Wang On Group Limited Proposes Final Dividend for the Year Ended 31 March 2023, Payable on 13 September 2023 Wang On Group Limited proposed final dividend for the year ended 31 March 2023 of HKD 0.0004 per share. Date of shareholders' approval is 22 August 2023. Ex-dividend date is 25 August 2023. Record date is 31 August 2023. Payment date is 13 September 2023. Reported Earnings • Jun 30
Full year 2023 earnings released: EPS: HK$0.001 (vs HK$0.021 loss in FY 2022) Full year 2023 results: EPS: HK$0.001 (up from HK$0.021 loss in FY 2022). Revenue: HK$3.60b (up 94% from FY 2022). Net income: HK$12.8m (up HK$318.0m from FY 2022). Profit margin: 0.4% (up from net loss in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. New Risk • Jun 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. 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 Interest payments are not well covered by earnings (0.9x net interest cover). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 60% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Market cap is less than US$100m (€64.0m market cap, or US$69.7m). Annonce • Jun 16
Wang On Group Limited to Report Fiscal Year 2023 Final Results on Jun 28, 2023 Wang On Group Limited announced that they will report fiscal year 2023 final results on Jun 28, 2023 Annonce • Jun 10
Wang on Group Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 March 2023 Wang On Group Limited provided unaudited consolidated earnings guidance for the year ended 31 March 2023. For the year, the company expects profit attributable to owners of the parent of not more than HKD 15 million for the year ended 31 March 2023 as compared to the loss attributable to owners of the parent for the year ended 31 March 2022 of approximately HKD 305.2 million as published in the Company's 2022 annual report. This was primarily attributable to, among other things, (i) decrease in impairment losses of debt instruments, decrease in realized losses on disposal of debt instruments, and decrease in fair value losses on financial instruments at fair value through profit and loss, (ii) increase ingross profit resulting from delivery of property projects owned by the Group, and (iii) decrease in net fair value losses on investment properties, as partially offset by (a) decrease in share of profits from delivery of completed residential projects from joint ventures, (b) new additions of write down of properties held for sales and properties under development, (c) reduction in revenue from treasury operation, as well as (d) increase in finance costs arising from interest rates increment. Reported Earnings • Nov 26
First half 2023 earnings released: HK$0.002 loss per share (vs HK$0.003 profit in 1H 2022) First half 2023 results: HK$0.002 loss per share (down from HK$0.003 profit in 1H 2022). Revenue: HK$2.05b (up 130% from 1H 2022). Net loss: HK$23.6m (down 151% from profit in 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Annonce • Nov 26
Wang on Group Limited Does Not Recommend the Payment of Any Interim Dividend in Respect of the Six Months Ended 30 September 2022 Wang On Group Limited Board does not recommend the payment of any interim dividend in respect of the six months ended 30 September 2022 (Six Months ended 30 September 2021: 0.1 Hong Kong cents per share). Annonce • Nov 16
Wang On Group Limited to Report First Half, 2023 Results on Nov 25, 2022 Wang On Group Limited announced that they will report first half, 2023 results on Nov 25, 2022 Annonce • Nov 12
Wang On Group Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 September 2022 Wang On Group Limited provided consolidated earnings guidance for the six months ended 30 September 2022. The group is expected to record a loss attributable to owners of the parent of not more than approximately HKD 35 million for the six months ended 30 September 2022 as compared to the profit attributable to owners of the parent for the six months ended 30 September 2021 of approximately HKD 46.5 million. Reported Earnings • Jun 30
Full year 2022 earnings released: HK$0.021 loss per share (vs HK$0.008 profit in FY 2021) Full year 2022 results: HK$0.021 loss per share (down from HK$0.008 profit in FY 2021). Revenue: HK$1.86b (down 2.0% from FY 2021). Net loss: HK$305.2m (down 346% from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Annonce • Jun 17
Wang On Group Limited to Report Fiscal Year 2022 Final Results on Jun 28, 2022 Wang On Group Limited announced that they will report fiscal year 2022 final results on Jun 28, 2022 Annonce • Jun 11
Wang on Group Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended March 31, 2022 Wang On Group Limited provided unaudited consolidated earnings guidance for the year ended March 31, 2022. For the year, Group expects to record a loss attributable to owners of the parent for the year ended 31 March 2022 of not more than HKD 380 million, as compared to a profit attributable to owners of the parent for the year ended 31 March 2021 of approximately HKD 123.9 million. Reported Earnings • Nov 25
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: HK$0.003 (down from HK$0.006 in 1H 2021). Revenue: HK$892.1m (down 9.7% from 1H 2021). Net income: HK$46.5m (down 53% from 1H 2021). Profit margin: 5.2% (down from 10.0% in 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 03
Full year 2021 earnings released: EPS HK$0.008 (vs HK$0.016 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$1.89b (down 45% from FY 2020). Net income: HK$123.9m (down 55% from FY 2020). Profit margin: 6.5% (down from 8.0% in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Annonce • Jun 19
Wang On Group Limited Provides Unaudited Consolidated Earnings Guidance for the Financial Year Ended March 31, 2021 Wang On Group Limited provided unaudited consolidated earnings guidance for the financial year ended March 31, 2021. For the period, the Group expects the profit attributable to owners of the parent is expected to decrease by not more than 80% as compared to the profit attributable to the owners of the parent recorded in the last published annual report for the year ended 31 March 2020. Annonce • Feb 09
Wang on Group Limited Announces Executive and Committee Changes, Effective February 8, 2021 The board of directors of Wang On Group Limited (the ‘Company’, together with its subsidiaries collectively, the ‘Group’) announced that Mr. Chan Chun Hong, Thomas (‘Mr. Chan’) has tendered his resignation as an executive Director and the Managing Director of the Company with effect from 8 February 2021 in order to devote more time to his personal commitments. The Board is also announced that with effect from 8 February 2021, Ms. Stephanie has been appointed as an executive Director. Ms. Stephanie, rejoined the Group as Chief Executive Officer General Management Office in 2020. She obtained a Bachelor Degree in Finance and Marketing from The University of Washington, USA in 2008. Ms. Stephanie has extensive experience in accounting and corporate finance. She is a director of Easy One Financial Group Limited (‘Easy One’, the shares of which were listed on the Main Board of the Stock Exchange and its privatisation proposed by Caister Limited by way of a scheme of arrangement became effective on 16 October 2020) (‘Caister’, a company wholly owned by Mr. Tang Ching Ho (‘Mr. Tang’), the chairman, an executive Director and a controlling shareholder of the Company), and also a director of certain subsidiaries of Easy One. Prior to joining the Group, Ms. Stephanie worked in the financing and accounting field for around 10 years, including in a multinational corporation where she oversaw financing and accounting matters and an international accountancy firm where she participated in numerous merger and acquisition projects. Ms. Stephanie is also a director of certain subsidiaries of the Group. Pursuant to a service agreement entered into between Ms. Stephanie and the Company on 8 February 2021, Ms. Stephanie has been appointed as an executive Director for an initial term of three years commencing from 8 February 2021 and is entitled to an annual remuneration of approximately HKD 1.2 million with regard to her duties and responsibilities. Ms. Stephanie is the spouse of Mr. Tang Ho Hong, a son of Mr. Tang and Ms. Yau Yuk Yin (‘Ms. Yau’, both Mr. Tang and Ms. Yau are the executive Directors and controlling shareholders of the Company) and a niece in law of Ms. Tang Mui Fun, both Mr. Tang Ho Hong and Ms. Tang Mui Fan are senior management of the Company. The Board further announced that with effect from 8 February 2021, Mr. Cheung Chin Wa, Angus (‘Mr. Cheung’) has been appointed as the company secretary of the Company. Mr. Cheung joined the Company in February 2021 as the Group Company Secretary and is a fellow member of both The Hong Kong Institute of Chartered Secretaries and The Chartered Governance Institute. Prior to joining the Group, Mr. Cheung held company secretary positions in several Hong Kong listed companies, including China Agri-Products Exchange Limited, an indirect non-wholly owned subsidiary of the Company. Immediately upon the resignation of Mr. Chan as an executive Director with effect from 8 February 2021, he has also ceased to be an authorised representative of the Company for the purposes of Rule 3.05 of the Listing Rules and Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the ‘Companies Ordinance’). The Board announced that Ms. Stephanie has been appointed as an authorised representative of the Company for the purposes of Rule 3.05 of the Listing Rules and Part 16 of the Companies Ordinance with effect from 8 February 2021. Immediately upon the resignation of Mr. Chan as an executive Director with effect from 8 February 2021, the Board also announced that with effect from 8 February 2021, the composition of the executive committee (the ‘Executive Committee’), the nomination committee (the ‘Nomination Committee’) and the investment committee (the ‘Investment Committee’) of the Company has been changed as follows: 1. Mr. Chan has ceased to be a member of each of the Executive Committee, Nomination Committee and Investment Committee; and 2. Ms. Stephanie has been appointed as a member of each of the Executive Committee, Nomination Committee and Investment Committee. Reported Earnings • Dec 25
First half 2021 earnings released: EPS HK$0.006 The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: HK$987.9m (down 64% from 1H 2020). Net income: HK$99.3m (down 76% from 1H 2020). Profit margin: 10.0% (down from 15% in 1H 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 27
First half 2021 earnings released: EPS HK$0.006 The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: HK$987.9m (down 64% from 1H 2020). Net income: HK$99.3m (down 76% from 1H 2020). Profit margin: 10.0% (down from 15% in 1H 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Annonce • Jun 30
KKR & Co. Inc. (NYSE:KKR) agreed to acquire a 50% stake in two-story retail podium at the Lake Silver apartment complex at Ma On Shan from Wang On Group Limited (SEHK:1222) and Wang On Properties Limited (SEHK:1243) for HKD 180 million. KKR & Co. Inc. (NYSE:KKR) agreed to acquire a 50% stake in two-story retail podium at the Lake Silver apartment complex at Ma On Shan from Wang On Group Limited (SEHK:1222) and Wang On Properties Limited (SEHK:1243) for HKD 180 million on April 29, 2019. Annonce • Jun 18
Wang On Group Limited to Report Fiscal Year 2020 Results on Jun 30, 2020 Wang On Group Limited announced that they will report fiscal year 2020 results on Jun 30, 2020 
