공고 • Jul 23
Wealth Dragons Group Confirms Delisting on Vienna Stock Exchange Effective July 31 Wealth Dragons Group PLC confirmed the voluntary delisting from the Vienna Stock Exchange on the 31st of July. As previously announced the decision to remove Wealth Dragons Group PLC from the Vienna exchange is for multiple reasons, the ongoing litigation against former Director John Lee, and to protect stakeholders' interests. The company aims to list on a new exchange at a date in the near future. This will give easier access for investors and also re-establish a valuation that reflects our business potential. "We sincerely thank our investors for their patience during this period and for their unwavering support. The decision to delist from the Vienna exchange and pursue relisting on a new European exchange is aimed at establishing a solid foundation for the restructuring and offering greater stability for our current investors during this transitional phase. Despite the delisting process, we remain committed to our exciting new projects and ventures, alongside our existing core business, and we are eagerly anticipating the upcoming launch of Consultz," Vincent Wong, CEO. New Risk • Jul 01
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (37% average weekly change). Market cap is less than US$10m (€923.5k market cap, or US$993.1k). Minor Risk Shareholders have been diluted in the past year (4.1% increase in shares outstanding). New Risk • Jun 21
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (38% average weekly change). Negative equity (-UK£2.7m). Revenue has declined by 31% over the past year. Market cap is less than US$10m (€923.5k market cap, or US$986.3k). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Revenue is less than US$5m (UK£1.7m revenue, or US$2.1m). New Risk • Jan 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.1% 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 Share price has been highly volatile over the past 3 months (51% average weekly change). Negative equity (-UK£2.7m). Revenue has declined by 31% over the past year. Market cap is less than US$10m (€1.23m market cap, or US$1.35m). Minor Risks Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Revenue is less than US$5m (UK£1.7m revenue, or US$2.1m). 공고 • Oct 22
Wealth Dragons Group plc Announces Resignation of Co-CEO John Lee The Co-CEO of Wealth Dragons Group Plc John Lee has resigned employee of the group with immediate effect. Vincent Wong is now the CEO driving the company forward. 공고 • Oct 21
Wealth Dragons Group plc Announces Resignation of John Lee as Director Wealth Dragons Group PLC announced has resigned as director and employee of the group with immediate effect. New Risk • Jun 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.48m (US$9.29m) 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 Latest financial reports are more than 1 year old (reported July 2018 fiscal period end). Share price has been highly volatile over the past 3 months (21% average weekly change). Market cap is less than US$10m (€8.48m market cap, or US$9.29m). 공고 • Dec 22
Wealth Dragons Group PLC Resolves to Suspend Employment of John Lee as Board Member Due to Internal Investigations Wealth Dragons Group PLC announced that on December 21, 2022, the board of directors of the company has resolved to suspend the employment of John Lee for an indefinite period. At the same time, the board of directors has established a subcommittee to begin an internal investigation into John Lee's business conduct. Upon completion of the investigation, the duration of which cannot be predicted at this time, the board of directors of Wealth Dragons Group plc will decide whether and what action (if any) will be taken in respect of John Lee. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 17
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.