Annonce • Jun 03
Apollo Future Mobility Group Limited, Annual General Meeting, Jun 26, 2026 Apollo Future Mobility Group Limited, Annual General Meeting, Jun 26, 2026, at 11:00 China Standard Time. Annonce • Mar 17
Apollo Future Mobility Group Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 Apollo Future Mobility Group Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 Annonce • Aug 18
Apollo Future Mobility Group Limited to Report First Half, 2025 Results on Aug 29, 2025 Apollo Future Mobility Group Limited announced that they will report first half, 2025 results on Aug 29, 2025 Annonce • Jun 09
Apollo Future Mobility Group Limited, Annual General Meeting, Jun 30, 2025 Apollo Future Mobility Group Limited, Annual General Meeting, Jun 30, 2025, at 11:00 China Standard Time. Annonce • Mar 19
Apollo Future Mobility Group Limited to Report Fiscal Year 2024 Results on Mar 31, 2025 Apollo Future Mobility Group Limited announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Mar 31, 2025 Reported Earnings • Oct 01
First half 2024 earnings released First half 2024 results: HK$0.50 loss per share. Net loss: HK$343.2m (flat on 1H 2023). New Risk • Sep 01
New major risk - Revenue and earnings growth Earnings have declined by 8.3% 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 (13% average weekly change). Earnings have declined by 8.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (113% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€65.2m market cap, or US$72.1m). Annonce • Aug 15
Apollo Future Mobility Group Limited to Report First Half, 2024 Results on Aug 30, 2024 Apollo Future Mobility Group Limited announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • May 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 113% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Shareholders have been substantially diluted in the past year (113% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€63.9m market cap, or US$69.4m). Annonce • May 14
Apollo Future Mobility Group Limited has completed a Follow-on Equity Offering in the amount of HKD 205.000001 million. Apollo Future Mobility Group Limited has completed a Follow-on Equity Offering in the amount of HKD 205.000001 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 445,652,177
Price\Range: HKD 0.46
Transaction Features: Subsequent Direct Listing Annonce • May 01
Apollo Future Mobility Group Limited, Annual General Meeting, May 31, 2024 Apollo Future Mobility Group Limited, Annual General Meeting, May 31, 2024, at 11:00 China Standard Time. Location: 15th Floor, Tower One, Lippo Centre, Admiralty Hong Kong Agenda: To receive and consider the audited consolidated financial statements and the reports of the directors and auditors of the Company for the year ended 31 December 2023; to re-elect the directors of the Company; to authorise the board of directors of the Company to fix the directors remuneration; to re-appoint Ernst & Young as auditors of the Company and to authorise the board of directors of the Company to fix their remuneration; and to consider other matters. Reported Earnings • Mar 30
Full year 2023 earnings released: HK$1.79 loss per share (vs HK$0.49 profit in FY 2022) Full year 2023 results: HK$1.79 loss per share (down from HK$0.49 profit in FY 2022). Revenue: HK$279.2m (down 55% from FY 2022). Net loss: HK$860.5m (down HK$1.07b from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 62% per year, which means it is significantly lagging earnings. Annonce • Mar 18
Apollo Future Mobility Group Limited(SEHK:860) dropped from S&P Global BMI Index Apollo Future Mobility Group Limited(SEHK:860) dropped from S&P Global BMI Index Annonce • Mar 15
Apollo Future Mobility Group Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 Apollo Future Mobility Group Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Annonce • Jan 24
Apollo Future Mobility Group Limited has completed a Follow-on Equity Offering in the amount of HKD 49.026802 million. Apollo Future Mobility Group Limited has completed a Follow-on Equity Offering in the amount of HKD 49.026802 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 96,130,985
Price\Range: HKD 0.51
Transaction Features: Subsequent Direct Listing New Risk • Dec 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €2.22m (US$2.40m) 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 (28% average weekly change). Market cap is less than US$10m (€2.22m market cap, or US$2.40m). Minor Risk Large one-off items impacting financial results. Annonce • Dec 04
Apollo Future Mobility Group Limited Announces Board and Committee Changes The board of directors of Apollo Future Mobility Group Limited announced that Mr. Freeman Hui Shen (Mr. Shen) has tendered his resignation as a non-executive Director and the co-chairman of the Board with effect from 1 December 2023 so as to devote more time to his other engagements. Consequent upon Mr. Shen's resignation, he has ceased to be a member of each of the audit committee, remuneration committee (the Remuneration Committee) and investment committee of the Company and the chairman of the nomination committee (the Nomination Committee) of the Company with effect from 1 December 2023. Following Mr. Shen's resignation, Mr. Hui Chun Ying, being the chairman of the Board and an executive Director, has been appointed as a member of the Remuneration Committee and the chairman of the Nomination Committee with effect from 1 December 2023. With effect from 1 December 2023, Ms. Chen Yizi, being an executive Director, has also been appointed as a member of the Nomination Committee. Annonce • Nov 02
Apollo Future Mobility Group Limited Announces Board Changes Apollo Future Mobility Group Limited announces the following changes with effect from 1 November 2023. Ms. Chen Yizi has been appointed as an executive Director. The biographical details of Ms. Chen are as follows: Ms. Chen Yizi, aged 36, has over a decade of experience in originating, underwriting and managing investment opportunities in early and growth-stage companies as well as funds. Before joining the Company, Ms. Chen dedicated her time to advising global family offices and entrepreneurs, specialising in optimising asset allocation strategies, providing investment recommendations, and crafting their expansion plans. Prior to that, she held the position of Managing Director and Investment Committee member of ASG, a New York-based family office, where she led the firm's Investment Development department, forming enduring global strategic partnerships and sourcing opportunities across various asset classes with a focus on venture capital and private equity. Ms. Chen's professional journey began in media, where she spent four years as an on-air personality at an international television station, delivering in-depth coverage of business and political news. Ms. Chen holds a bachelor’s degree in journalism from Nanjing University and a Master of Arts degree in Media, Culture, and Communication from New York University. In May 2023, she was accredited as a Chartered Alternative Investment Analyst by the Chartered Alternative Investment Analyst Association. She is also a member of the Milken Institute Young Leader Circle, and a class 24 fellow of the Kauffman Fellows programme. Reference is made to the announcement of the Company dated 24 October 2023 in relation to, among other things, Mr. Joseph Lee's cessation as a member of the investment committee of the Company and the chairman of the corporate governance committee of the Company with effect from 31 October 2023. Following Mr. Joseph Lee's resignation, Ms. Chen has been appointed as a member of the Investment Committee and the chairman of the Corporate Governance Committee. Annonce • Oct 25
Apollo Future Mobility Group Limited Announces Board Changes The board of directors of Apollo Future Mobility Group Limited announced that Mr. Joseph Lee tendered his resignation as an executive Directorand the vice chairman of the Board with effect from 31 October 2023 so as to devote more time to his other engagements; and Mr. Wilfried Porth has tendered his resignation as a non-executive Director with effect from 31 October 2023 so as to devote more time to his other engagements. Consequent upon Mr. Lee's resignation, he shall cease to be a member of the investment committee of the Company and the chairman of the corporate governance committee of the Company with effect from 31 October 2023. Annonce • Sep 21
Apollo Future Mobility Group Limited Announces Executive Changes The board (the "Board'') of directors of Apollo Future Mobility Group Limited announces the following changes with effect from 20 September 2023. Mr. Ho King Fung, Eric ("Mr. Ho'') has tendered his resignation as an executive Director and the chairman of the Board due to health reasons. Mr. Ho will, however, remain as a director of certain subsidiaries of the Company. Mr. Ho will take up the role of senior adviser to the Board following hisresignation. As a senior adviser to the Board, Mr. Ho will provide advice to the Board on affairs in connection with the Group's activities and development. He is not required to participate in the meetings of the Board and will not receive any remuneration for the position of senior adviser to the Board. Mr. Hui Chun Ying (``Mr. Hui'') has been appointed as an executive Director and the chairman of the Board. Mr. Hui Chun Ying aged 39, has extensive experience in banking, capital markets and legal practice. He is the co-founder of Repeat App, a food and beverage mobile application in the United Arab Emirates and the United States. From December 2021 to July 2022, Mr. Hui served as a representative of Finex Hong Kong Limited, and was licensed to carry on Type 4 (advising on securities) and Type 9 (asset management) regulated activities. Between October 2018 and August 2019, he acted as the Asia Pacific Chief Operating Officer for a Swiss family office known as Privatemarket.io. Between February 2014 and June 2018, he was an Associate Director at UBS Wealth Management Hong Kong and prior to that, between September 2012 and February 2014, he was a capital market associate at Sidley Austin, Hong Kong. He was a solicitor of Hong Kong Special Administrative Region and a New York Attorney. Mr. Hui holds a Bachelor of Laws degree from the School of Oriental and African Studies, University of London, a Master of Laws degree specialising in Corporate and Financial Law from University College London and a Postgraduate Certificate in Laws from the University of Hong Kong. Mr. Hui is entitled to receive a Director's fee of HKD 1,800,000 per annum. The remuneration is determined by the Board with the recommendation from the remuneration committee (the "Remuneration Committee'') of the Company with reference to his background, experience and responsibilities, the remuneration policy of the Company as well as the prevailing market conditions, and shall be reviewed by the Remuneration Committee and the Board from time to time. Consequent upon Mr. Ho's resignation, he has ceased to be a member of the nomination committee (the ``Nomination Committee'') and the chairman of the investment committee (the ``Investment Committee'') of the Company. Following Mr. Ho's resignation, Mr. Hui has been appointed as a member of the Nomination Committee and the chairman of the Investment Committee. Consequent upon Mr. Ho's resignation, he has ceased to be an authorised representative under Rule 3.05 of the Listing Rules (the Authorised Representative''). Following Mr. Ho's resignation, Mr. Hui has been appointed as an Authorised Representative. Annonce • Sep 19
Apollo Future Mobility Group Limited Announces Resignation of Qi Zhenggang as Executive Director and Member of Investment Committee and the Corporate Governance Committee Apollo Future Mobility Group Limited announced that Mr. Qi Zhenggang has tendered his resignation as an executive Director with effect from 18 September 2023 so as to devote more time to his other engagements. Mr. Qi will cease to be a director of the subsidiaries of the Company. Consequent upon Mr. Qi's resignation, he has ceased to be a member of each of the investment committee and the corporate governance committee of the Company with effect from 18 September 2023. Annonce • Sep 10
WM Motor Global Investment Limited cancelled the acquisition of Apollo Future Mobility Group Limited (SEHK:860) in a reverse merger transaction. WM Motor Global Investment Limited entered into acquisition agreement to acquire Apollo Future Mobility Group Limited (SEHK:860) for HKD 6.9 billion in a reverse merger transaction on January 11, 2023. As per the transaction, Apollo Future Mobility Group Limited will issue 28.8 billion consideration shares. The transaction is subject to regulatory approvals China Orient International Capital Limited and Altus Capital Limited acted as financial advisor to Apollo Future Mobility Group Limited. Altus Capital Limited acted fairness opinion provider and Tricor Tengis Limited acted registrar.
WM Motor Global Investment Limited cancelled the acquisition of Apollo Future Mobility Group Limited (SEHK:860) in a reverse merger transaction on September 8, 2023 Annonce • Aug 20
Apollo Future Mobility Group Limited Provides Earnings Guidance for the Six Months Ended 30 June 2023 The board of directors of Apollo Future Mobility Group Limited informed the shareholders of the Company and potential investors that the Group is expected to record a consolidated net loss of not less than HKD 60,000,000 for the six months ended 30 June 2023 as compared with the consolidated net profit of approximately HKD 9,363,000 for the six months ended 31 March 2022. Based on information currently available to the Board, the Expected Loss is mainly attributable to, among others, (i) the absence of fair value gains on contingent consideration payables for the Period, while a one-off fair value gain on contingent consideration payables of approximately HKD 127,007,000 was recognised in the Last Interim Period; and (ii) the expected decrease in revenue due to the decrease in licensing income from the license of vehicular platform for the Period as compared to the Last Interim Period and disposal of certain subsidiaries subsequent to the Last Interim Period. Annonce • Aug 12
Apollo Future Mobility Group Limited to Report First Half, 2023 Results on Aug 31, 2023 Apollo Future Mobility Group Limited announced that they will report first half, 2023 results on Aug 31, 2023 Annonce • Jun 09
Apollo Future Mobility Group Limited, Annual General Meeting, Jun 30, 2023 Apollo Future Mobility Group Limited, Annual General Meeting, Jun 30, 2023, at 16:00 China Standard Time. Location: Units 20012002, 20/F, Li Po Chun Chambers, 189 Des Voeux Road Central Sheung Wan Hong Kong Agenda: To receive and consider the audited consolidated financial statements and the reports of the directors and auditors of the Company for the fifteen months ended 31 December 2022; to consider directorate reelections; to authorize the board of directors of the Company to fix the directors' remuneration; to re-appoint Ernst & Young as auditors of the Company and to authorize the board of directors of the Company to fix their remuneration; and to consider other matters. Annonce • Jan 13
WM Motor Global Investment Limited entered into acquisition agreement to acquire Apollo Future Mobility Group Limited (SEHK:860) for HKD 6.9 billion in a reverse merger transaction. WM Motor Global Investment Limited entered into acquisition agreement to acquire Apollo Future Mobility Group Limited (SEHK:860) for HKD 6.9 billion in a reverse merger transaction on January 11, 2023. As per the transaction, Apollo Future Mobility Group Limited will issue 28.8 billion consideration shares. The transaction is subject to regulatory approvals China Orient International Capital Limited and acted as financial advisor to Apollo Future Mobility Group Limited. Annonce • Dec 24
Apollo Future Mobility Group Limited Announces Resignation of Mirko Konta as Executive Director and Member of the Investment Committee Apollo Future Mobility Group Limited announced that Mr. Mirko Konta has tendered his resignation as an executive Director and a member of the Investment Committee with effect from 23 December 2022. Reported Earnings • Dec 01
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: HK$113.3m (down 21% from 3Q 2021). Net income: HK$16.0m (up HK$89.9m from 3Q 2021). Profit margin: 14% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Annonce • Nov 22
Apollo Future Mobility Group Limited Provides Consolidated Earnings Guidance for the Twelve Months Ended September 30, 2022 Apollo Future Mobility Group Limited provided consolidated earnings guidance for the twelve months ended September 30, 2022. For the year, the company expects to record a consolidated net profit of not less than HKD 40 million for the Second Interim Period (the Expected Profit''), as compared with the consolidated net loss of approximately HKD 359.4 million for the year ended 30 September 2021. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Hannah Lee was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Nov 16
Apollo Future Mobility Group Limited to Report Fiscal Year 2022 Results on Nov 30, 2022 Apollo Future Mobility Group Limited announced that they will report fiscal year 2022 results on Nov 30, 2022 Reported Earnings • Jun 01
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up HK$201.8m from 1H 2021). Profit margin: (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Over the next year, revenue is forecast to grow 36%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jun 01
Executive Chairman recently bought €66k worth of stock On the 31st of May, King Fung Ho bought around 2m shares on-market at roughly €0.039 per share. This was the largest purchase by an insider in the last 3 months. King Fung has been a buyer over the last 12 months, purchasing a net total of €475k worth in shares. Annonce • May 17
Apollo Future Mobility Group Limited to Report First Half, 2022 Results on May 30, 2022 Apollo Future Mobility Group Limited announced that they will report first half, 2022 results on May 30, 2022 Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Hannah Lee was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Apr 27
Apollo Future Mobility Group Limited Appoints Wilfried Porth as Non-Executive Director, Effective 1 May 2022 The board of directors of Apollo Future Mobility Group Limited announced that Mr. Wilfried Porth was appointed by the Board as a non-executive Director with effect from 1 May 2022. Mr. Porth has over 36 years of experience in automotive industry. Prior to joining the Company, Mr. Porth had been a member of the Board of Management of Daimler AG for 13 years. In addition to serving on the Board of Management at Daimler AG from 2009 to 2021, Mr. Porth has also been a member of the boards of several corporations, syndicates and tariff commissions and various organizations and foundations. Board Change • Apr 19
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Yan Hannah Lee Hau was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Apr 01
Apollo Future Mobility Group Limited Announces Change of Directors and Changes to the Composition of the Board Committees The board of directors of Apollo Future Mobility Group Limited announced that Mr. Tam Ping Kuen, Daniel (``Mr. Tam'') has tendered his resignation as an independent non-executive Director with effect from 31 March 2022 due to his other business commitments. Following his resignation, Mr. Tam has also ceased to be a member of each of the audit committee (the ``Audit Committee'') and remuneration committee (the`Remuneration Committee'') of the Company with effect from 31 March 2022. Mr. Tam has confirmed that he has no disagreement with the Board and there is no other matter that needs to be brought to the attention of the shareholders of the Company in relation to his resignation. The Board further announces that with effect from 1 April 2022, (i) Mr. Qi Zhenggang (``Mr. Qi'') was appointed by the Board as an executive Director and a member of each of the investment committee (the ``Investment Committee'') and corporate governance committee (the ``Corporate Governance Committee'') of the Company; (ii) Ms. Hau Yan Hannah Lee (``Ms. Lee'') was appointed by the Board as an independent non-executive Director and a member of each of the Audit Committee and Remuneration Committee; (iii) Mr. Freeman Hui Shen, a non-executive Director, was appointed by the Board as a member of the Audit committee and Remuneration Committee; and (iv) Mr. Joseph Lee, an executive Director, was appointed by the Board as the chairman of the Corporate Governance Committee. Mr. Qi, aged 48, has over 20 years of experience in the automotive and technology industry. Prior to joining the Group, Mr. Qi was the project management office director of WM Motor Group, one of the leaders in China's mainstream smart electric vehicle market, and held senior positions in major automotive corporations in China. Mr. Qi joined the Group as the general manager of the Company on 14 February 2022. Ms. Lee, aged 48, has more than 25 years of experience in auditing, accounting, mergers and acquisitions and initial public offerings. Ms. Lee currently works as a consultant for start-up companies in Hong Kong. Previously, Ms. Lee served as the chief financial officer at various multi-billion dollar companies in Hong Kong and China, including Ganji.com, Global Education & Technology Group and The9 Limited. Recent Insider Transactions • Mar 24
Executive Chairman recently bought €7.4k worth of stock On the 15th of March, King Fung Ho bought around 200k shares on-market at roughly €0.037 per share. In the last 3 months, they made an even bigger purchase worth €94k. King Fung has been a buyer over the last 12 months, purchasing a net total of €377k worth in shares. Recent Insider Transactions • Mar 22
Executive Chairman recently bought €41k worth of stock On the 14th of March, King Fung Ho bought around 1m shares on-market at roughly €0.041 per share. In the last 3 months, they made an even bigger purchase worth €94k. King Fung has been a buyer over the last 12 months, purchasing a net total of €377k worth in shares. Recent Insider Transactions • Mar 21
Executive Chairman recently bought €41k worth of stock On the 14th of March, King Fung Ho bought around 1m shares on-market at roughly €0.041 per share. In the last 3 months, they made an even bigger purchase worth €94k. King Fung has been a buyer over the last 12 months, purchasing a net total of €377k worth in shares. Recent Insider Transactions • Feb 25
Executive Chairman recently bought €94k worth of stock On the 23rd of February, King Fung Ho bought around 2m shares on-market at roughly €0.047 per share. This was the largest purchase by an insider in the last 3 months. King Fung has been a buyer over the last 12 months, purchasing a net total of €283k worth in shares. Annonce • Jan 28
Apollo Future Mobility Group Limited, Annual General Meeting, Mar 10, 2022 Apollo Future Mobility Group Limited, Annual General Meeting, Mar 10, 2022, at 11:00 China Standard Time. Location: Units 20012002, 20/F, Li Po Chun Chambers, 189 Des Voeux Road Central Sheung Wan Hong Kong Agenda: To consider the audited consolidated financial statements and the reports of the directors and auditors of the company for the year ended September 30 2021; to re-elect Mr. Teoh Chun Ming as an independent non-executive director of the company and to approve the terms of his appointment (including remuneration); to re-elect Mr. Peter Edward Jackson as an independent non-executive director of the company and to approve the terms of his appointment (including remuneration); to re-elect Mr. Charles Matthew Pecot III as an independent non-executive director of the company and to approve the terms of his appointment (including remuneration); to re-elect Mr. Freeman Hui Shen as a non-executive director of the company and to approve the terms of his appointment (including remuneration); to re-elect Mr. Joseph Lee as an executive director of the company and to approve the terms of his appointment (including remuneration); and to consider other matters. Board Change • Jan 28
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Charles Matthew Pecot was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Recent Insider Transactions • Jan 08
Executive Chairman recently bought €92k worth of stock On the 6th of January, King Fung Ho bought around 2m shares on-market at roughly €0.046 per share. This was the largest purchase by an insider in the last 3 months. King Fung has been a buyer over the last 12 months, purchasing a net total of €363k worth in shares. Reported Earnings • Jan 01
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: HK$0.045 loss per share (up from HK$0.048 loss in FY 2020). Revenue: HK$528.6m (up 48% from FY 2020). Net loss: HK$349.6m (loss widened 1.3% from FY 2020). Revenue exceeded analyst estimates by 25%. Over the next year, revenue is forecast to stay flat compared to a 6.2% growth forecast for the retail industry in Germany. Annonce • Sep 15
Apollo Future Mobility Group Limited announced that it expects to receive HKD 85.8 million in funding from Able Catch Limited, Vivaldi International Limited, 45 Yi Capital Holdings Co., Ltd Apollo Future Mobility Group Limited announced that it has entered into a subscription agreement for private placement of 156,000,000 convertible bonds at a price of HKD 0.55 per bond for gross proceeds of HKD 85,800,000 on September 13, 2021. The transaction will include participation from Able Catch Limited for HKD 35,100,000, for Vivaldi International Limited for HKD 35,100,000, 45 Yi Capital Holdings Co., Ltd for HKD 15,600,000. The bonds will bear interest rate of 9% per annum payable semi annually and will mature on the 3rd anniversary of the issue date. The bonds will be convertible into 156,000,000 shares at a conversion price of HKD 0.55 per share. The notes will be unsubordinated, unsecured, and redeemable. The closing will take place on the issue date, which shall be a date on 10th business day after the conditions precedent below are fulfilled. Annonce • Sep 09
Apollo Future Mobility Group Limited announced that it expects to receive HKD 78 million in funding from Walong Holdings Limited Apollo Future Mobility Group Limited announced that it has entered into a subscription agreement with Walong Holdings Limited for private placement of 2 9% convertible bonds due 2024 at a price of HKD 39,000,000 per bond for gross proceeds of HKD 78,000,000 on September 8, 2021. The bonds will bear interest rate of 9% per annum payable semi annually and will mature on the 3rd anniversary of the issue date. The initial conversion price is HKD 0.50 per share. Assuming that the conversion rights attaching to the convertible bonds have been exercised in full156,000,000 new shares will be allotted and issued to the Bondholder, representing approximately 1.95% of the existing issued share capital of the company as at the date of this announcement; and approximately 1.92% of the issued share capital of the company as enlarged by the allotment and issue of the conversion shares. The Closing will take place on the Issue Date, which shall be a date on the 3rd business day after the conditions precedent below are fulfilled. The transaction is subject to stock exchange approval. Reported Earnings • Jul 01
First half 2021 earnings released: HK$0.027 loss per share (vs HK$0.028 loss in 1H 2020) The company reported a poor first half result with weaker revenues, weaker control over costs and no improvement to losses. First half 2021 results: Revenue: HK$241.1m (down 6.2% from 1H 2020). Net loss: HK$201.8m (flat on 1H 2020). Reported Earnings • Jun 04
First half 2021 earnings released: HK$0.027 loss per share (vs HK$0.028 loss in 1H 2020) The company reported a poor first half result with weaker revenues, weaker control over costs and no improvement to losses. First half 2021 results: Revenue: HK$241.1m (down 6.2% from 1H 2020). Net loss: HK$201.8m (flat on 1H 2020). Reported Earnings • Jan 30
Full year 2020 earnings released: HK$0.048 loss per share (vs HK$0.093 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: HK$357.7m (down 33% from FY 2019). Net loss: HK$345.2m (loss narrowed 43% from FY 2019). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue misses expectations Revenue missed analyst estimates by 23%. Over the next year, revenue is forecast to grow 61% compared to a 1.1% decline forecast for the Retail Distributors industry in Germany. Annonce • Jan 29
Apollo Future Mobility Group Limited, Annual General Meeting, Mar 19, 2021 Apollo Future Mobility Group Limited, Annual General Meeting, Mar 19, 2021, at 11:00 China Standard Time. Location: Units 301 and 302, Third Floor, Building 22E, Phase Three Hong Kong Science Park, Pak Shek Kok New Territories Hong Kong Agenda: To receive and consider the audited consolidated financial statements and the reports of the directors and auditors of the Company for the year ended 30 September 2020; to re-elect directors and to authorise the board of directors of the Company to fix the directors' remuneration; to re-appoint Ernst & Young as auditors of the Company and to authorise the board of directors of the Company to fix their remuneration; and to consider other matters. Recent Insider Transactions • Jan 06
Non-Executive Co-Chairman recently sold €179k worth of stock On the 31st of December, Jinbing Zhang sold around 2m shares on-market at roughly €0.081 per share. This was the largest sale by an insider in the last 3 months. Jinbing has been a seller over the last 12 months, reducing personal holdings by €311k. Reported Earnings • Jan 01
Full year 2020 earnings released: HK$0.048 loss per share The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: HK$357.7m (down 33% from FY 2019). Net loss: HK$345.2m (loss narrowed 43% from FY 2019). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Jan 01
Revenue misses expectations Revenue missed analyst estimates by 23%. Over the next year, revenue is forecast to grow 182% compared to a 1.2% decline forecast for the Retail Distributors industry in Germany. Annonce • Dec 31
Apollo Future Mobility Group Limited Announces Retirement of Mr. Zhang Jinbing as Non-Executive Director and Co-Chairman The board of Apollo Future Mobility Group Limited announced that on 30 December 2020, the Board received a notice from Mr. Zhang Jinbing (Mr. Zhang') notifying the Board that due to his other business commitments, he has decided not to offer himself for re-election upon his retirement by rotation as a non- executive Director with effect from the conclusion of the forthcoming annual general meeting of the Company to be held on or around 19 March 2021. Upon Mr. Zhang's retirement as a non-executive Director, he will also cease to be the Co-Chairman of the Company. Mr. Zhang has confirmed that he has no disagreement with the Board and there is no other matter that needs to be brought to the attention of the shareholders of the Company in relation to his retirement as a non-executive Director and the Co-Chairman of the Company. Annonce • Dec 11
Apollo Future Mobility Group Limited to Report Fiscal Year 2020 Results on Dec 30, 2020 Apollo Future Mobility Group Limited announced that they will report fiscal year 2020 results on Dec 30, 2020