View Future GrowthTJGC Group 過去の業績過去 基準チェック /06TJGC Groupの収益は年間平均-94.6%の割合で減少していますが、 Media業界の収益は年間 増加しています。収益は年間7.3% 18.6%割合で 減少しています。主要情報-94.63%収益成長率-93.57%EPS成長率Media 業界の成長13.17%収益成長率-18.58%株主資本利益率-212.83%ネット・マージン-122.08%前回の決算情報30 Sep 2025最近の業績更新Reported Earnings • Mar 16First half 2026 earnings released: HK$0.74 loss per share (vs HK$0.062 profit in 1H 2025)First half 2026 results: HK$0.74 loss per share (down from HK$0.062 profit in 1H 2025). Revenue: HK$19.1m (up 8.4% from 1H 2025). Net loss: HK$11.4m (down HK$12.2m from profit in 1H 2025).Reported Earnings • Mar 18First half 2025 earnings released: EPS: HK$0.062 (vs HK$0.20 in 1H 2024)First half 2025 results: EPS: HK$0.062 (down from HK$0.20 in 1H 2024). Revenue: HK$17.6m (down 26% from 1H 2024). Net income: HK$805.5k (down 69% from 1H 2024). Profit margin: 4.6% (down from 11% in 1H 2024). The decrease in margin was driven by lower revenue.すべての更新を表示Recent updatesBoard Change • Jun 03High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Ho Yin Lai is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.New Risk • Apr 26New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 98% 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 Earnings have declined by 95% per year over the past 5 years. Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Revenue is less than US$5m (HK$32m revenue, or US$4.1m). Market cap is less than US$100m (US$49.4m market cap).お知らせ • Apr 01TJGC Group Limited Announces Receipt of Nasdaq Notification Letter Regarding Minimum Bid Price DeficiencyTJGC Group Limited announced it has received a letter of noncompliance from The Nasdaq Stock Market LLC, dated March 26, 2026, notifying the Company that based on TJGC's closing bid price for the last 30 consecutive business days, the Company no longer meets the continued listing requirement of Nasdaq, under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of $1 per share. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days in which to regain compliance. If at any time during this 180-day period the closing bid price of the Company's security is at least $1 for a minimum of ten consecutive business days, Nasdaq will provide TJGC Group Limited with written confirmation of compliance and this matter will be closed. In the event the Company does not regain compliance, TJGC Group Limited may be eligible for additional time. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If TJGC Group Limited meets these requirements, Nasdaq will inform the Company that it has been granted an additional 180 calendar days. However, if it appears to Nasdaq that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that its securities will be subject to delisting. The Nasdaq notification letter does not result in the immediate delisting of the Company's ordinary shares, and the shares will continue to trade uninterrupted under the symbol TJGC. TJGC Group Limited is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq's continued listing requirement. Although TJGC Group Limited will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq continued listing requirement.New Risk • Mar 18New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.44m 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 (22% average weekly change). Earnings have declined by 95% per year over the past 5 years. Market cap is less than US$10m (US$9.44m market cap). Minor Risk Revenue is less than US$5m (HK$32m revenue, or US$4.1m).Reported Earnings • Mar 16First half 2026 earnings released: HK$0.74 loss per share (vs HK$0.062 profit in 1H 2025)First half 2026 results: HK$0.74 loss per share (down from HK$0.062 profit in 1H 2025). Revenue: HK$19.1m (up 8.4% from 1H 2025). Net loss: HK$11.4m (down HK$12.2m from profit in 1H 2025).お知らせ • Mar 13TJGC Group Limited has filed a Follow-on Equity Offering in the amount of $6 million.TJGC Group Limited has filed a Follow-on Equity Offering in the amount of $6 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 7,459,903 Price\Range: $0.8043 Discount Per Security: $0.048258New Risk • Mar 03New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 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: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 93% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Revenue is less than US$5m (HK$30m revenue, or US$3.9m). Market cap is less than US$100m (US$13.0m market cap).New Risk • Dec 18New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.95m 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 Earnings have declined by 93% per year over the past 5 years. Market cap is less than US$10m (US$9.95m market cap). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Revenue is less than US$5m (HK$30m revenue, or US$3.9m).Board Change • Nov 19High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Director Kai Kwan Lam is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Aug 01Ctrl Group Limited announced delayed 20-F filingOn 07/31/2025, Ctrl Group Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC.Seeking Alpha • Apr 30Ctrl Group Limited: Overvalued IPO Despite Strong Mobile Game Marketing ProspectsSummary Ctrl Group offers specialized, integrated marketing solutions for mobile games in Hong Kong. But they intend to expand into the Taiwan and Southeast Asia markets. Currently, MCTR has strong recurring customer relationships, with a 76.1% revenue retention rate. Also, MCTR does target a large combined mobile-game TAM of approximately $2.5 billion, offering considerable long-term growth potential. Unfortunately, I believe MCTR's IPO valuation multiples are excessively high. And when you add macroeconomic headwinds from the US-China trade war, it does tilt MCTR’s risk-reward equation into bearish territory. Read the full article on Seeking AlphaReported Earnings • Mar 18First half 2025 earnings released: EPS: HK$0.062 (vs HK$0.20 in 1H 2024)First half 2025 results: EPS: HK$0.062 (down from HK$0.20 in 1H 2024). Revenue: HK$17.6m (down 26% from 1H 2024). Net income: HK$805.5k (down 69% from 1H 2024). Profit margin: 4.6% (down from 11% in 1H 2024). The decrease in margin was driven by lower revenue.New Risk • Mar 16New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.4% Last year net profit margin: 8.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 47% per year over the past 5 years. Minor Risks High level of debt (200% net debt to equity). Profit margins are more than 30% lower than last year (0.4% net profit margin). Revenue is less than US$5m (HK$35m revenue, or US$4.5m).Board Change • Feb 02High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Director Chun Pong Siu is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Jan 23Ctrl Group Limited has completed an IPO in the amount of $8 million.Ctrl Group Limited has completed an IPO in the amount of $8 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 2,000,000 Price\Range: $4 Discount Per Security: $0.28Board Change • Jan 22No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Kai Kwan Lam was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.収支内訳TJGC Group の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史NasdaqCM:TJGC 収益、費用、利益 ( )HKD Millions日付収益収益G+A経費研究開発費30 Sep 2532-3935030 Jun 2531-3329031 Mar 2530-2722031 Dec 2433-1314030 Sep 243505030 Jun 243816031 Mar 244126031 Dec 234237030 Sep 234447030 Jun 234637031 Mar 234837031 Dec 224946030 Sep 225156030 Jun 225165031 Mar 225174031 Mar 2136530質の高い収益: TJGCは現在利益が出ていません。利益率の向上: TJGCは現在利益が出ていません。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: TJGCは利益が出ておらず、過去 5 年間で損失は年間94.6%の割合で増加しています。成長の加速: TJGCの過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: TJGCは利益が出ていないため、過去 1 年間の収益成長をMedia業界 ( 1.1% ) と比較することは困難です。株主資本利益率高いROE: TJGCは現在利益が出ていないため、自己資本利益率 ( -212.83% ) はマイナスです。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YMedia 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/10 05:51終値2026/06/10 00:00収益2025/09/30年間収益2025/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋TJGC Group Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • Mar 16First half 2026 earnings released: HK$0.74 loss per share (vs HK$0.062 profit in 1H 2025)First half 2026 results: HK$0.74 loss per share (down from HK$0.062 profit in 1H 2025). Revenue: HK$19.1m (up 8.4% from 1H 2025). Net loss: HK$11.4m (down HK$12.2m from profit in 1H 2025).
Reported Earnings • Mar 18First half 2025 earnings released: EPS: HK$0.062 (vs HK$0.20 in 1H 2024)First half 2025 results: EPS: HK$0.062 (down from HK$0.20 in 1H 2024). Revenue: HK$17.6m (down 26% from 1H 2024). Net income: HK$805.5k (down 69% from 1H 2024). Profit margin: 4.6% (down from 11% in 1H 2024). The decrease in margin was driven by lower revenue.
Board Change • Jun 03High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Ho Yin Lai is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
New Risk • Apr 26New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 98% 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 Earnings have declined by 95% per year over the past 5 years. Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Revenue is less than US$5m (HK$32m revenue, or US$4.1m). Market cap is less than US$100m (US$49.4m market cap).
お知らせ • Apr 01TJGC Group Limited Announces Receipt of Nasdaq Notification Letter Regarding Minimum Bid Price DeficiencyTJGC Group Limited announced it has received a letter of noncompliance from The Nasdaq Stock Market LLC, dated March 26, 2026, notifying the Company that based on TJGC's closing bid price for the last 30 consecutive business days, the Company no longer meets the continued listing requirement of Nasdaq, under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of $1 per share. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days in which to regain compliance. If at any time during this 180-day period the closing bid price of the Company's security is at least $1 for a minimum of ten consecutive business days, Nasdaq will provide TJGC Group Limited with written confirmation of compliance and this matter will be closed. In the event the Company does not regain compliance, TJGC Group Limited may be eligible for additional time. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If TJGC Group Limited meets these requirements, Nasdaq will inform the Company that it has been granted an additional 180 calendar days. However, if it appears to Nasdaq that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that its securities will be subject to delisting. The Nasdaq notification letter does not result in the immediate delisting of the Company's ordinary shares, and the shares will continue to trade uninterrupted under the symbol TJGC. TJGC Group Limited is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq's continued listing requirement. Although TJGC Group Limited will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq continued listing requirement.
New Risk • Mar 18New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.44m 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 (22% average weekly change). Earnings have declined by 95% per year over the past 5 years. Market cap is less than US$10m (US$9.44m market cap). Minor Risk Revenue is less than US$5m (HK$32m revenue, or US$4.1m).
Reported Earnings • Mar 16First half 2026 earnings released: HK$0.74 loss per share (vs HK$0.062 profit in 1H 2025)First half 2026 results: HK$0.74 loss per share (down from HK$0.062 profit in 1H 2025). Revenue: HK$19.1m (up 8.4% from 1H 2025). Net loss: HK$11.4m (down HK$12.2m from profit in 1H 2025).
お知らせ • Mar 13TJGC Group Limited has filed a Follow-on Equity Offering in the amount of $6 million.TJGC Group Limited has filed a Follow-on Equity Offering in the amount of $6 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 7,459,903 Price\Range: $0.8043 Discount Per Security: $0.048258
New Risk • Mar 03New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 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: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 93% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Revenue is less than US$5m (HK$30m revenue, or US$3.9m). Market cap is less than US$100m (US$13.0m market cap).
New Risk • Dec 18New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.95m 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 Earnings have declined by 93% per year over the past 5 years. Market cap is less than US$10m (US$9.95m market cap). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Revenue is less than US$5m (HK$30m revenue, or US$3.9m).
Board Change • Nov 19High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Director Kai Kwan Lam is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Aug 01Ctrl Group Limited announced delayed 20-F filingOn 07/31/2025, Ctrl Group Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC.
Seeking Alpha • Apr 30Ctrl Group Limited: Overvalued IPO Despite Strong Mobile Game Marketing ProspectsSummary Ctrl Group offers specialized, integrated marketing solutions for mobile games in Hong Kong. But they intend to expand into the Taiwan and Southeast Asia markets. Currently, MCTR has strong recurring customer relationships, with a 76.1% revenue retention rate. Also, MCTR does target a large combined mobile-game TAM of approximately $2.5 billion, offering considerable long-term growth potential. Unfortunately, I believe MCTR's IPO valuation multiples are excessively high. And when you add macroeconomic headwinds from the US-China trade war, it does tilt MCTR’s risk-reward equation into bearish territory. Read the full article on Seeking Alpha
Reported Earnings • Mar 18First half 2025 earnings released: EPS: HK$0.062 (vs HK$0.20 in 1H 2024)First half 2025 results: EPS: HK$0.062 (down from HK$0.20 in 1H 2024). Revenue: HK$17.6m (down 26% from 1H 2024). Net income: HK$805.5k (down 69% from 1H 2024). Profit margin: 4.6% (down from 11% in 1H 2024). The decrease in margin was driven by lower revenue.
New Risk • Mar 16New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.4% Last year net profit margin: 8.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 47% per year over the past 5 years. Minor Risks High level of debt (200% net debt to equity). Profit margins are more than 30% lower than last year (0.4% net profit margin). Revenue is less than US$5m (HK$35m revenue, or US$4.5m).
Board Change • Feb 02High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Director Chun Pong Siu is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Jan 23Ctrl Group Limited has completed an IPO in the amount of $8 million.Ctrl Group Limited has completed an IPO in the amount of $8 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 2,000,000 Price\Range: $4 Discount Per Security: $0.28
Board Change • Jan 22No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Kai Kwan Lam was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.