Board Change • May 11
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. CFO, CEO, Corporate Secretary & Non-Independent Director Mary Ma was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. CFO, CEO, Corporate Secretary & Non-Independent Director Mary Ma was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Apr 15
Peak Discovery Capital Ltd. announced that it expects to receive CAD 0.2 million in funding Peak Discovery Capital Ltd. announced a non-brokered private placement to issue 1,666,667 common shares at an issue price of CAD 0.12 for the proceeds of CAD 200,000.04 on April 14, 2026. The shares will be subject to a hold period legend prohibiting resale for four months and one day from the date of their issuance. The terms of the offering are subject to the applicable securities laws and the acceptance of the TSX Venture Exchange. The company may pay finders' fees in connection with the offering to qualifying arm's-length finders, in accordance with the policies of the TSX-V.. Board Change • Mar 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. CFO, CEO, Corporate Secretary & Non-Independent Director Mary Ma was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Mar 23
Peak Discovery Capital Ltd., Annual General Meeting, May 20, 2026 Peak Discovery Capital Ltd., Annual General Meeting, May 20, 2026. New Risk • Feb 24
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$49k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-CA$49k free cash flow). Shares are highly illiquid. Shareholders have been substantially diluted in the past year (130% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.59m market cap, or US$1.89m). Board Change • Feb 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. CFO, CEO, Corporate Secretary & Non-Independent Director Mary Ma was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. CFO, CEO, Corporate Secretary & Non-Independent Director Mary Ma was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. CFO, CEO, Corporate Secretary & Non-Independent Director Mary Ma was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Dec 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 91% 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 Shares are highly illiquid. Negative equity (-CA$284k). Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$742.8k market cap, or US$539.4k). Board Change • Dec 10
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. CFO, CEO, Corporate Secretary & Non-Independent Director Mary Ma was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Nov 28
Peak Discovery Capital Ltd. announced that it has received CAD 0.10414 million in funding On November 26, 2025, Peak Discovery Capital Ltd. closed the transaction. The company issued 1,487,714 units at a price of CAD 0.07 for gross proceeds of CAD 104,139.98. The securities underlying the units are subject to a hold period legend prohibiting resale for four months and one day from the date of their issuance. The company paid cash finders' fees totalling CAD 5,460 in connection with the offering to arm's-length finders in accordance with the policies of the TSX Venture Exchange. Certain insiders of the company acquired units under the offering. Board Change • Oct 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. CFO, CEO, Corporate Secretary & Non-Independent Director Mary Ma was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Sep 19
Peak Discovery Capital Ltd. announced that it expects to receive CAD 0.1 million in funding Peak Discovery Capital Ltd. has announced a non-brokered private placement on September 18, 2025. The company will issue up to 1,428,571 units at a price of CAD 0.07 for gross proceeds of CAD 100,000. Each unit will consist of one common share and one common share purchase warrant. Each warrant will be exercisable for one additional common share at a price of 0.1 per share for a period of five years from the date of issuance. The securities underlying the units will be subject to a hold period legend prohibiting resale for four months and one day from the date of their issuance. The terms of the offering are subject to the applicable securities laws and the acceptance of the TSX Venture Exchange. The company may pay finders' fees in connection with the offering to qualifying arm's-length finders, in accordance with the policies of the TSX-V. Board Change • Sep 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. CFO, CEO, Corporate Secretary & Non-Independent Director Mary Ma was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 09
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. CFO, CEO, Corporate Secretary & Non-Independent Director Mary Ma was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 11
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. CFO, CEO, Corporate Secretary & Non-Independent Director Mary Ma was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. CFO, CEO, Corporate Secretary & Non-Independent Director Mary Ma was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. CFO, CEO, Corporate Secretary & Non-Independent Director Mary Ma was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. CFO, CEO, Corporate Secretary & Non-Independent Director Mary Ma was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. CFO, CEO, Corporate Secretary & Non-Independent Director Mary Ma was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Oct 07
Peak Discovery Capital Ltd., Annual General Meeting, Nov 13, 2024 Peak Discovery Capital Ltd., Annual General Meeting, Nov 13, 2024. Board Change • Aug 23
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. CFO, CEO, Corporate Secretary & Non-Independent Director Mary Ma was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. CFO, CEO, Corporate Secretary & Non-Independent Director Mary Ma was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Jun 24
Hanwei Energy Services to Migrate Its Listing from the Toronto Stock Exchange to NEX Hanwei Energy Services Corp. announces that it has received approval to list its common shares on the NEX division of the TSX Venture Exchange (“NEX”), having met the customary listing requirements of NEX, including the filing of all required documentation. The Company’s common shares will be voluntarily delisted from the Toronto Stock Exchange (“TSX”) effective at the close of trading on June 27, 2022 and will begin trading on NEX on June 28, 2022. The decision to voluntarily delist the Company’s common shares from the TSX and list on NEX was made by the board of directors of Hanwei subsequent to the sale of the undertaking of the Company and cessation of operations, because NEX provides listings for inactive issuers, and offers a cost-effective solution for the Company to maintain a listing of its common shares on an acceptable alternative trading market. 공시 • Jun 04
Hanwei Energy Services Common Shares Failed to Meet Continued Listing Requirements Hanwei Energy Services Corp. common shares failed to meet the continued listing requirements of the Toronto Stock Exchange. The delisting date is July 04, 2022. Reported Earnings • Feb 13
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: CA$0.069 (up from CA$0.032 loss in 3Q 2021). Net income: CA$13.4m (up CA$19.5m from 3Q 2021). Revenue missed analyst estimates by 40%. Earnings per share (EPS) also missed analyst estimates by 290%. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. 공시 • Feb 02
DanQing Tujiao Trading Co., Ltd. completed the acquisition of Daqing Harvest Longwall High Pressure FRP Pipe Co. Ltd from Hanwei Energy Services Corp. (TSX:HE). DanQing Tujiao Trading Co., Ltd. signed a non-binding agreement to acquire Daqing Harvest Longwall High Pressure FRP Pipe Co., Ltd. from Hanwei Energy Services Corp. (TSX:HE) for CNY 68.9 million on October 18, 2021. DanQing Tujiao Trading Co., Ltd. entered into a purchase and sale agreement to acquire Daqing Harvest Longwall High Pressure FRP Pipe Co., Ltd. from Hanwei Energy Services Corp. (TSX:HE) for CNY 68.9 million on November 24, 2021. The consideration includes the payment of CAD 1,050,000 and the purchaser’s assumption of all liabilities and obligations of Harvest. The agreement also includes the provision of a maximum of CAD 215,000 in working capital from Harvest to the company up to the closing date of the agreement, the assumption of a debt in the amount of CAD 1,455,000 owed by Hanwei to a third party, a waiver and forgiveness of all of the company’s indebtedness to Harvest estimated to be CAD 11,334,000, and an indemnity from the purchaser to the company and its representatives for all future liabilities of Harvest, and a general release from Harvest. The proposed sale transaction is subject to significant conditions to closing, include the approval of the shareholders of the company by special resolution at its Annual General and Special Meeting to be held on January 12, 2022, and regulatory approvals. As of January 12, 2022, the transaction is approved by shareholders of Hanwei Energy Services Corp. Jennifer Lucas and Michael Evans of Evans & Evans, Inc. acted as fairness opinion provider to Hanwei Energy.
DanQing Tujiao Trading Co., Ltd. completed the acquisition of Daqing Harvest Longwall High Pressure FRP Pipe Co. Ltd from Hanwei Energy Services Corp. (TSX:HE) on February 1, 2022. 공시 • Nov 27
DanQing Tujiao Trading Co., Ltd. entered into a purchase and sale agreement to acquire Daqing Harvest Longwall High Pressure FRP Pipe Co., Ltd. from Hanwei Energy Services Corp. (TSX:HE) for CAD 13.8 million. DanQing Tujiao Trading Co., Ltd. entered into a purchase and sale agreement to acquire Daqing Harvest Longwall High Pressure FRP Pipe Co., Ltd. from Hanwei Energy Services Corp. (TSX:HE) for CAD 13.8 million on November 24, 2021. The consideration includes the payment of CAD 1,050,000 and the purchaser’s assumption of all liabilities and obligations of Harvest. The agreement also includes the provision of a maximum of CAD 215,000 in working capital from Harvest to the company up to the closing date of the agreement, the assumption of a debt in the amount of CAD 1,455,000 owed by Hanwei to a third party, a waiver and forgiveness of all of the company’s indebtedness to Harvest estimated to be CAD 11,334,000, and an indemnity from the purchaser to the company and its representatives for all future liabilities of Harvest, and a general release from Harvest. The proposed sale transaction is subject to significant conditions to closing, include the approval of the shareholders of the company by special resolution at its Annual General and Special Meeting to be held on January 12, 2022, and regulatory approvals. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS CA$0.003 (vs CA$0.006 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: CA$1.35m (up 28% from 2Q 2021). Net income: CA$661.0k (up CA$1.81m from 2Q 2021). Profit margin: 49% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Executive Departure • Oct 03
Independent Director William Paine has left the company On the 28th of September, William Paine's tenure as Independent Director ended after 14.3 years in the role. As of June 2021, William still personally held only 175.00k shares (CA$3.5k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 11.75 years. Board Change • Oct 01
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Sidney Smallbone was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Aug 21
BOCO Energy Inc., acquired HESC Energy Corporation and HESC Energy Limited Partnership from Hanwei Energy Services Corp. (TSX:HE). BOCO Energy Inc., acquired HESC Energy Corporation and HESC Energy Limited Partnership from Hanwei Energy Services Corp. (TSX:HE) on August 20, 2021. The acquisition will also include underlying corporate assets in Alberta, Canada. These will be inclusive of all liabilities, accruing liabilities and obligations. As part of the transaction, Hanwei Energy Services Corp., obtained a full release and indemnity from BOCO Energy Inc., and HESC Energy Corporation and HESC Energy Limited Partnership for all liabilities, including any abandonment and reclamation liabilities, or other environmental liabilities.
BOCO Energy Inc., completed the acquisition of HESC Energy Corporation and HESC Energy Limited Partnership from Hanwei Energy Services Corp. (TSX:HE) on August 20, 2021. Reported Earnings • Aug 18
First quarter 2022 earnings released: CA$0.004 loss per share (vs CA$0.004 loss in 1Q 2021) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: CA$1.86m (up 3.7% from 1Q 2021). Net loss: CA$767.0k (loss widened 5.8% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 02
Full year 2021 earnings released: CA$0.025 loss per share (vs CA$0.026 loss in FY 2020) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2021 results: Revenue: CA$9.55m (down 7.3% from FY 2020). Net loss: CA$4.90m (loss narrowed 2.5% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year. Reported Earnings • Feb 12
Third quarter 2021 earnings released: CA$0.032 loss per share (vs CA$0.002 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: CA$2.48m (down 38% from 3Q 2020). Net loss: CA$6.13m (loss widened CA$5.70m from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. 공시 • Dec 19
Hanwei Energy Services Corp. Announces Executive Changes Hanwei Energy Services Corp. announced that Ms. Irene Mai has resigned from her position as Chief Financial Officer of the Company effective December 31, 2020 to pursue other business interests. The Company has appointed Ms. Mary Ma, CPA, CGA as its new Chief Financial Officer effective January 1, 2021. Ms. Ma has over 20 years of experience in finance and accounting in Canada and China including previous CFO roles for two Canadian public companies with subsidiaries in China. Ms. Mai has agreed to assist in a smooth transition of duties. Reported Earnings • Nov 07
Second quarter 2021 earnings released: CA$0.006 loss per share The company reported a poor second quarter result with increased losses and weaker revenues and control over expenses. Second quarter 2021 results: Revenue: CA$1.05m (down 60% from 2Q 2020). Net loss: CA$1.15m (loss widened 89% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. 