New Risk • Jun 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 183% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (HK$63.0m market cap, or US$8.03m). Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (HK$18m revenue, or US$2.3m). New Risk • Jun 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$71.0m (US$9.06m) 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 Risk Market cap is less than US$10m (HK$71.0m market cap, or US$9.06m). Minor Risk Revenue is less than US$5m (HK$18m revenue, or US$2.3m). Reported Earnings • Jun 18
Full year 2026 earnings released: EPS: HK$0 (vs HK$0.004 loss in FY 2025) Full year 2026 results: EPS: HK$0 (improved from HK$0.004 loss in FY 2025). Revenue: HK$18.3m (up 76% from FY 2025). Net income: HK$100.0k (up HK$4.36m from FY 2025). Profit margin: 0.5% (up from net loss in FY 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. New Risk • Jun 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Revenue is less than US$5m (HK$14m revenue, or US$1.8m). Market cap is less than US$100m (HK$92.0m market cap, or US$11.7m). Annuncio • Jun 05
Finet Group Limited to Report Fiscal Year 2026 Results on Jun 17, 2026 Finet Group Limited announced that they will report fiscal year 2026 results on Jun 17, 2026 New Risk • Mar 12
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 Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Revenue is less than US$5m (HK$14m revenue, or US$1.8m). Market cap is less than US$100m (HK$112.0m market cap, or US$14.3m). New Risk • Dec 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$70.0m (US$8.99m) 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 Risk Market cap is less than US$10m (HK$70.0m market cap, or US$8.99m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Revenue is less than US$5m (HK$14m revenue, or US$1.8m). Reported Earnings • Nov 29
First half 2026 earnings released: EPS: HK$0.002 (vs HK$0.004 loss in 1H 2025) First half 2026 results: EPS: HK$0.002 (up from HK$0.004 loss in 1H 2025). Revenue: HK$7.85m (up 89% from 1H 2025). Net income: HK$1.93m (up HK$6.23m from 1H 2025). Profit margin: 25% (up from net loss in 1H 2025). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Annuncio • Nov 17
Finet Group Limited to Report First Half, 2026 Results on Nov 28, 2025 Finet Group Limited announced that they will report first half, 2026 results on Nov 28, 2025 New Risk • Oct 08
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: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Revenue is less than US$5m (HK$10m revenue, or US$1.3m). Market cap is less than US$100m (HK$125.0m market cap, or US$16.1m). Annuncio • Aug 29
Finet Group Limited, Annual General Meeting, Sep 29, 2025 Finet Group Limited, Annual General Meeting, Sep 29, 2025, at 12:00 China Standard Time. Location: 30/f., fortis tower, 77-79 gloucester road, wanchai, Hong Kong Reported Earnings • Jul 02
Full year 2025 earnings released: HK$0.004 loss per share (vs HK$0.009 loss in FY 2024) Full year 2025 results: HK$0.004 loss per share (improved from HK$0.009 loss in FY 2024). Revenue: HK$10.4m (down 23% from FY 2024). Net loss: HK$4.26m (loss narrowed 50% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. Annuncio • Jun 17
Finet Group Limited to Report Fiscal Year 2025 Results on Jun 27, 2025 Finet Group Limited announced that they will report fiscal year 2025 results on Jun 27, 2025 New Risk • Jan 04
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 12% 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 Market cap is less than US$10m (HK$76.0m market cap, or US$9.77m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Revenue is less than US$5m (HK$8.2m revenue, or US$1.1m). Reported Earnings • Dec 04
First half 2025 earnings released: HK$0.004 loss per share (vs HK$0.005 loss in 1H 2024) First half 2025 results: HK$0.004 loss per share. Revenue: HK$4.17m (down 56% from 1H 2024). Net loss: HK$4.30m (loss widened 14% from 1H 2024). New Risk • Nov 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$74.0m (US$9.51m) 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 Risk Market cap is less than US$10m (HK$74.0m market cap, or US$9.51m). Minor Risk Revenue is less than US$5m (HK$13m revenue, or US$1.7m). Annuncio • Nov 19
Finet Group Limited to Report Q2, 2025 Results on Nov 29, 2024 Finet Group Limited announced that they will report Q2, 2025 results on Nov 29, 2024 Annuncio • Aug 30
Finet Group Limited, Annual General Meeting, Sep 30, 2024 Finet Group Limited, Annual General Meeting, Sep 30, 2024, at 12:00 China Standard Time. Location: 30/f., fortis tower, 77-79 gloucester road, wanchai, Hong Kong Annuncio • Aug 28
Finet Group Limited Announces Board Changes Finet Group Limited announces that with effect from 27 August 2024, Mr. Yuk Kai Yao (``Mr. Yuk'') has resigned as an independent non-executive Director and a member of audit committee (the Audit Committee'') of the Company due to his personal commitments. Mr. Lee Chi Hung Samuel has been appointed as an independent non-executive Director and a member of the Audit Committee with effect from 27 August 2024. Mr. Lee, aged 66, served as a chairman of BioLife Ventures Company Limited since 2016. He also served as president of Samlink International (China) Limited since 2008. Mr. Lee worked as chairman of Dendrix (Hong Kong) Company and chief executive officer of Fizix International (Hong Kong) Limited between 2016 and 2018. He worked at Great Wall of China Company in Melbourne from 1988 to 2008. Mr. Lee is qualified Music Therapist, Expert Researcher of Energy Healing, Quantum Entanglement and The Blues/Soulful Music. Mr. Lee graduated from University of Louisville in United States of America with a Master of Business Administration with Distinction Honour in 1997. He also graduated from American Conservstory of Music in United States of America with Mast of Arts (MA) on Music Therapy in 2024. Reported Earnings • Aug 06
Full year 2024 earnings released: HK$0.009 loss per share (vs HK$0.025 loss in FY 2023) Full year 2024 results: HK$0.009 loss per share (improved from HK$0.025 loss in FY 2023). Revenue: HK$13.4m (up 4.4% from FY 2023). Net loss: HK$8.50m (loss narrowed 48% from FY 2023). 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 38% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 30
Full year 2024 earnings released: HK$0.01 loss per share (vs HK$0.025 loss in FY 2023) Full year 2024 results: HK$0.01 loss per share (improved from HK$0.025 loss in FY 2023). Revenue: HK$13.4m (up 4.4% from FY 2023). Net loss: HK$8.50m (loss narrowed 48% from FY 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Annuncio • Jun 19
Finet Group Limited to Report Fiscal Year 2024 Results on Jun 28, 2024 Finet Group Limited announced that they will report fiscal year 2024 results on Jun 28, 2024 New Risk • Jun 01
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: Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Shareholders have been diluted in the past year (50% increase in shares outstanding). Revenue is less than US$5m (HK$8.9m revenue, or US$1.1m). Market cap is less than US$100m (HK$105.0m market cap, or US$13.4m). Annuncio • Feb 28
Finet Group Limited Announces Resignation of Fo Chen Yuh as Executive Director The board of directors of Finet Group Limited announced that with effect from 26 February 2024, Mr. Fo Chen Yuh has resigned as an executive Director of the Company due to his personal commitments. Annuncio • Jan 18
Finet Group Limited Appoints Tai Kwok Leung, Alexander as an Executive Director The Board of Finet Group Limited announced that Mr. Tai Kwok Leung, Alexander has been appointed as an executive Director with effect from 18 January 2024. Mr. Tai, aged 66, graduated from Victoria University of Wellington in New Zealand with a degree in Bachelor of Commerce and Administration in 1982 and became an associate member of the Hong Kong Institute of Certified Public Accountants in 1983. Mr. Tai has extensive accountancy, corporate finance and investment experience in Hong Kong and overseas. Mr. Tai is licensed corporation under the Securities and Futures Ordinance to conduct Type 1 (dealing in securities), Type 4 (advising on securities), and Type 9 regulated activities. Mr. Tai is an independent non-executive director of G&M Holdings Limited, Shengjing Bank and China Star Entertainment Limited which are listed on the Main Board of The Stock Exchange of Hong Kong Limited. Mr. Tai is a member of Shandong Committee of the Chinese People's Political Consultative Conference. Mr. Tai has entered into a service contract with the Company for an initial term of one year and it can be terminated by either party giving one month's written notice or by payment in lieu of notice. He is subject to retirement by rotation and re-election in accordance with the Rules Governing the Listing of Securities on the GEM of the Stock Exchange. Reported Earnings • Nov 18
Second quarter 2024 earnings released: HK$0.006 loss per share (vs HK$0.001 loss in 2Q 2023) Second quarter 2024 results: HK$0.006 loss per share (further deteriorated from HK$0.001 loss in 2Q 2023). Revenue: HK$5.06m (down 15% from 2Q 2023). Net loss: HK$4.59m (loss widened HK$3.99m from 2Q 2023). 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 41% per year, which means it is significantly lagging earnings. Annuncio • Nov 04
Finet Group Limited to Report Q2, 2024 Results on Nov 15, 2023 Finet Group Limited announced that they will report Q2, 2024 results on Nov 15, 2023 Annuncio • Aug 31
Finet Group Limited, Annual General Meeting, Sep 29, 2023 Finet Group Limited, Annual General Meeting, Sep 29, 2023, at 12:00 China Standard Time. Location: Room 2203, 22/F., Tower 1, Admiralty Centre, 18 Harcourt Road Admiralty Hong Kong Agenda: To receive, consider and adopt the audited consolidated financial statements of the Company and its subsidiaries and the reports of the directors of the Company and auditors of the Company for the year ended 31 March 2023; to re-appoint Crowe CPA Limited as the auditors of the Company and to authorize the board of directors of the Company to fix their remuneration and to consider other matters. Annuncio • Aug 25
Finet Group Limited Announces Board Changes Finet Group Limited announced that with effect from 24 August 2023, Ms. Chen Weijie has resigned as an executive Director of the Company due to her personal commitments. Board announced that with effect from 24 August 2023, Mr. Chu Ka Chung has resigned as an independent non-executive Director and a member of audit committee of the Company due to his personal commitments. Mr. Fo Chen Yuh has been appointed as an executive Director with effect from 24 August 2023. The biographical information of Mr. Fo is set out below: Mr. Fo, aged 56, has currently the Managing Director of Red Dot Capital Partners Limited since September 2020, a company principally engaged in boutique investment focused on real estate sections in Greater China market. Mr. Fo worked in Fortress Real Estate (HK) Limited from July 2008 to August 2020 with his last position held as Managing Director. Mr. Fo has more than 20 years of real estate investment, management and development experience with international and regional companies. He has built up a strong working relationship and networks with investors and developers from the People's Republic of China (the ``PRC'') and other parts of Asia as well as Non Performing Loan service providers through the years. Mr. Fo graduated from the London School of Economics in Singapore, with a Bachelor of Science (Honours) of Economics and Management in 1997. He also graduated from Ngee Ann Polytechnic in Singapore, with a Diploma in Building Management of Estate Management in 1985. Mr. Yuk Kai Yao has been appointed as an independent non-executive Director and a member of the Audit Committee with effect from 24 August 2023. The biographical information of Mr. Yuk is set out below: Mr. Yuk, aged 42, has been acting as a sales Director of China Financial Services Holdings Limited (``China Financial'') (stock code: 605), a company listed on the Main Board of The Stock Exchange since January 2016. He is responsible for overseeing the group of China Financial's Hong Kong sales teams and sales strategies and business development activities. Mr. Yuk has also been appointed as an executive Director of GBA Holdings Limited a company listed on the Main Board of the Stock Exchange since May 2022. Mr. Yuk was an independent non-executive Director of Grand Talents Group Holdings Limited, a company listed on the GEM of the Stock Exchange from September 2018 to May 2023. He was a vice president of Hao Tian Development Group Limited, a company listed on the Main Board of the Stock Exchange, during the period from January 2013 to December 2015. He was responsible for driving the sales activities of money lender business as well as fund raising and treasury matters. Mr. Yuk worked in The Hong Kong and Shanghai Banking Corporation Limited from September 2007 to March 2012 with his last position held as an associate Director. He also worked in Standard Chartered Bank (Hong Kong) Limited from March 2007 to September 2007 with his last position held as a Manager. Mr. Yuk graduated from The University of Hong Kong with a Bachelor Degree of Economics and Finance in 2004. Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: HK$0.001 (vs HK$0.001 loss in 1Q 2023) First quarter 2024 results: EPS: HK$0.001 (up from HK$0.001 loss in 1Q 2023). Revenue: HK$4.32m (down 42% from 1Q 2023). Net income: HK$804.0k (up HK$1.52m from 1Q 2023). Profit margin: 19% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Annuncio • Aug 03
Finet Group Limited to Report Q1, 2024 Results on Aug 11, 2023 Finet Group Limited announced that they will report Q1, 2024 results on Aug 11, 2023 New Risk • Jul 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 50% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-HK$8.6m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Shareholders have been diluted in the past year (50% increase in shares outstanding). Revenue is less than US$5m (HK$13m revenue, or US$1.6m). Market cap is less than US$100m (HK$96.0m market cap, or US$12.3m). New Risk • Jul 25
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 14% 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$8.6m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Market cap is less than US$10m (HK$73.3m market cap, or US$9.38m). Minor Risk Revenue is less than US$5m (HK$13m revenue, or US$1.6m). Annuncio • Jul 14
Finet Group Limited has completed a Follow-on Equity Offering in the amount of HKD 33.326939 million. Finet Group Limited has completed a Follow-on Equity Offering in the amount of HKD 33.326939 million.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 333,269,387
Price\Range: HKD 0.1
Transaction Features: Rights Offering Reported Earnings • Jul 06
Full year 2023 earnings released: HK$0.025 loss per share (vs HK$0.014 loss in FY 2022) Full year 2023 results: HK$0.025 loss per share (further deteriorated from HK$0.014 loss in FY 2022). Revenue: HK$12.9m (down 9.8% from FY 2022). Net loss: HK$16.3m (loss widened 80% from FY 2022). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Annuncio • Jun 22
Finet Group Limited to Report Fiscal Year 2023 Results on Jun 30, 2023 Finet Group Limited announced that they will report fiscal year 2023 results on Jun 30, 2023 New Risk • Jun 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 50% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (50% increase in shares outstanding). Revenue is less than US$5m (HK$17m revenue, or US$2.2m). Market cap is less than US$100m (HK$170.0m market cap, or US$21.7m). Reported Earnings • Feb 14
Third quarter 2023 earnings released: HK$0.003 loss per share (vs HK$0.004 profit in 3Q 2022) Third quarter 2023 results: HK$0.003 loss per share (down from HK$0.004 profit in 3Q 2022). Revenue: HK$655.0k (down 76% from 3Q 2022). Net loss: HK$2.33m (down 191% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 01
Finet Group Limited to Report Q3, 2023 Results on Feb 10, 2023 Finet Group Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Annuncio • Oct 12
Finet Group Limited Announces Management Changes The board of directors of Finet Group Limited announced that with effect from 11 October 2022, Mr. Lin Dongming has resigned as a non-executive Director of the Company and Mr. Leung Chi Hung has resigned as an independent non-executive Director and a member of the audit committee of the Company due to their personal commitments. The Board announced that Mr. Chu Ka Chung has been appointed as an independent non-executive Director and a member of the Audit Committee with effect from 11 October 2022. Mr. Chu, aged 39, has extensive experience in equities trading and raising investor engagement and institutional capital in the private markets. His key relationship includes institutional investors, private equity investors, family offices and listed companies in Asia, Europe and North America. Over the last decade, he setup his owned advisory firm, advising multiple listed companies and private companies to raise capital across full spectrum of institutional investors. In related to his experience in real estate market, Mr. Chu has been representing several listed and state owned companies in China to source land banks, infrastructure and mining projects from North America and South East Asia. And currently, he is running a real estate project in the Caribbean islands with a multi-national group, which involves residential, resort and infrastructure development. He was a Vice President at BOCOM International Securities, a subsidiary of Bank of Communication for 7 years from 2009 to 2015, the deals he involved including fundraising from institutional investors for several Chinese commercial banks and securities firms at their IPO launches, advising and guiding his clients in book building and placing activities. Mr. Chu graduated from the University of Waterloo in Canada, with a Bachelor degree in Environmental Civil Engineering in 2006. He worked for the government of City of Toronto, and an engineering firm in Macau for several years before moving back to Hong Kong focusing his career in the financial and real estate market. Mr. Chu has entered into a service contract with the Company for an initial term of one year and it can be terminated by either party giving one month's written notice or by payment in lieu of notice. He is subject to retirement by rotation and re-election in accordance with the Rules Governing the Listing of Securities on the GEM of the Stock Exchange and the Bye-Laws of the Company. Mr. Chu is entitled to receive a director's fee of HKD 120,000 per annum, determined by the Board or its delegated committee with reference to his duties and responsibilities as well as the prevailing market conditions. Mr. Chu does not at present, nor did he in the past three years, hold any directorships in other public companies the securities of which are listed on any securities market in Hong Kong or overseas, nor does he hold other positions in the Company or members of the Group. He does not have any relationship with any Directors or senior management or substantial shareholders or controlling shareholders of the Company. Save as disclosed above, there is no other information which is discloseable pursuant to any of the requirements under Rules 17.50(2)(h) to 17.50(2)(v) of the GEM Listing Rules, and there are no other matters relating to the appointment of Mr. Chu that need to be brought to the attention of the Shareholders. The Board would like to welcome Mr. Chu for joining as a member of the Board. Annuncio • Sep 17
Finet Group Limited Announces Board Changes and Change of Composition of Various Board Committees Finet Group Limited announced the following changes: RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR: The board of directors of Finet Group Limited, announced that with effect from 16 September 2022, Mr. Siu Siu Ling, Robert has resigned as an independent non-executive Director, the chairman of the remuneration committee and a member of each of the audit committee (the ``Audit Committee'') and the nomination committee of the Company due to his personal commitments. APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR: The Board announced that Mr. Wong Kwok Yin has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee with effect from 16 September 2022. The biographical information of Mr. Wong is set out below: Mr. Wong, aged 43, served as an independent non-executive Director, the chairman of the Audit Committee and a member of the Nomination Committee of Jiayuan Services Holdings Limited (stock code: 1153) start from October 2020, a company listed on the Main Board of the Stock Exchange. He has over 15 years of experience in investment banking. From March 2006 to November 2006, he was a business valuer in Vigers Appraisal and Consulting Limited. From November 2006 to April 2007, he worked as the executive of Platinum Management Services Limited. From April 2007 to June 2017, he successively served as an associate manager and associate director at Investec Capital Asia Limited. Since July 2017, he has been working for VMS Securities Limited, a company mainly engaged in securities brokerage and corporate finance services in Hong Kong and is licensed to carry out type 1 (dealing in securities), type 4 and type 6 regulated activities under the Securities and Futures Ordinance, where he is currently a managing director of corporate finance department and is responsible for business development and overseeing the overall operation of the corporate finance department. Mr. Wong obtained a bachelor's degree of science majoring in applied chemistry from Hong Kong Baptist University in December 2002. He also obtained a master's degree ofarts majoring in accounting and information systems from the City University of Hong Kong in November 2005. He was admitted as a fellow of the Association of Chartered Certified Accountants in September 2015. He was a licensed representative and was accredited to carry out type 1 (dealing in securities) and type 6 regulated activities under the SFO since December 2006 and was accredited as a responsible officer in November 2016 to carry out type 1 (dealing in securities) and type 6 regulated activities under the SFO. He is currently a principal sponsor at VMS Securities Limited. Mr. Wong has entered into a service contract with the Company for an initial term of oneyear and it can be terminated by either party giving one month's written notice or by payment in lieu of notice. Annuncio • Sep 02
Finet Group Limited Announces Executive Changes The board of directors of Finet Group Limited announced that Mr. Kwong Chun Chung has resigned as the company secretary of the Company and the authorised representative of the Company pursuant to Rule 5.24 of Rules Governing the Listing of Securities on GEM with effect from 1 September 2022. Mr. Kwong has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the Stock Exchange or the shareholders of the Company. Following the resignation of Mr. Kwong as the Company Secretary and Authorised Representative, the Board further announces that the appointment of Ms. Cheung Yin as the Company Secretary and Authorised Representative with effect from 1 September 2022. Ms. Cheung is currently an independent non-executive director of Prosperous Printing Company Limited and Joyas International Holdings Limited. Ms. Cheung is a Certified Public Accountant of the Hong Kong Institute of Certified Public Accountants and a Certified Practising Accountant of the CPA Australia. She obtained a master's degree in Business Administration from the University of Wales, Newport in the United Kingdom in December 2009 and a Bachelor's degree in Business (Accountancy) from the Charles Sturt University in Australia in April 1991. Reported Earnings • Aug 14
First quarter 2023 earnings released: HK$0.001 loss per share (vs HK$0.009 loss in 1Q 2022) First quarter 2023 results: HK$0.001 loss per share (up from HK$0.009 loss in 1Q 2022). Revenue: HK$7.40m (up 76% from 1Q 2022). Net loss: HK$718.0k (loss narrowed 88% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annuncio • Aug 13
Finet Group Limited, Annual General Meeting, Sep 09, 2022 Finet Group Limited, Annual General Meeting, Sep 09, 2022, at 12:00 China Standard Time. Location: 30/F, Fortis Tower, 7779 Gloucester Road Wanchai Hong Kong Agenda: To receive, consider and adopt the audited consolidated financial statements and the reports of the directors and auditors of the Company and its subsidiaries for the year ended 31 March 2022; to consider directorate reelections; to re-appoint Crowe (HK) CPA Limited as the auditors of the Company and to authorize the board of directors of the Company to fix their remuneration; and to consider other matters. Annuncio • Aug 03
Finet Group Limited to Report Q1, 2023 Results on Aug 12, 2022 Finet Group Limited announced that they will report Q1, 2023 results on Aug 12, 2022 Reported Earnings • Jul 01
Full year 2022 earnings released Full year 2022 results: Revenue: HK$14.3m (down 20% from FY 2021). Net loss: HK$9.10m (loss narrowed 29% from FY 2021). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Annuncio • Jun 18
Finet Group Limited to Report Fiscal Year 2022 Results on Jun 29, 2022 Finet Group Limited announced that they will report fiscal year 2022 results on Jun 29, 2022 Reported Earnings • Feb 11
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: HK$0.004 (up from HK$0 in 3Q 2021). Revenue: HK$2.77m (down 50% from 3Q 2021). Net income: HK$2.56m (up HK$2.84m from 3Q 2021). Profit margin: 93% (up from net loss in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 15
Second quarter 2022 earnings released: HK$0.009 loss per share (vs HK$0.002 loss in 2Q 2021) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2022 results: Revenue: HK$4.19m (down 1.3% from 2Q 2021). Net loss: HK$6.23m (loss widened 382% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
First quarter 2022 earnings released: HK$0.009 loss per share (vs HK$0.004 loss in 1Q 2021) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2022 results: Revenue: HK$4.19m (down 25% from 1Q 2021). Net loss: HK$5.74m (loss widened 107% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 30
Full year 2021 earnings released: HK$0.02 loss per share (vs HK$0.03 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: HK$17.9m (down 31% from FY 2020). Net loss: HK$12.8m (loss narrowed 37% from FY 2020). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 23
New 90-day low: HK$0.49 The company is down 23% from its price of HK$0.64 on 25 November 2020. The Hong Kong market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 22% over the same period. Annuncio • Jan 30
Finet Group Limited to Report Q3, 2021 Results on Feb 10, 2021 Finet Group Limited announced that they will report Q3, 2021 results on Feb 10, 2021 Is New 90 Day High Low • Jan 26
New 90-day low: HK$0.50 The company is down 22% from its price of HK$0.64 on 28 October 2020. The Hong Kong market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 34% over the same period. Is New 90 Day High Low • Jan 05
New 90-day low: HK$0.58 The company is down 9.0% from its price of HK$0.64 on 07 October 2020. The Hong Kong market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 10.0% over the same period. Reported Earnings • Nov 15
Second quarter 2021 earnings released: HK$0.002 loss per share The company reported a soft second quarter result with weaker revenues and control over expenses, though losses reduced. Second quarter 2021 results: Revenue: HK$4.24m (down 61% from 2Q 2020). Net loss: HK$1.29m (loss narrowed 48% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annuncio • Nov 03
Finet Group Limited to Report First Half, 2021 Results on Nov 13, 2020 Finet Group Limited announced that they will report first half, 2021 results on Nov 13, 2020 Is New 90 Day High Low • Sep 28
New 90-day high: HK$0.59 The company is up 51% from its price of HK$0.39 on 30 June 2020. The Hong Kong market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 10.0% over the same period. Annuncio • Jul 31
Finet Group Limited to Report Q1, 2021 Results on Aug 11, 2020 Finet Group Limited announced that they will report Q1, 2021 results on Aug 11, 2020 
