Aankondiging • Aug 11
Millennium Pacific Group Holdings Limited to Report First Half, 2026 Results on Aug 28, 2026 Millennium Pacific Group Holdings Limited announced that they will report first half, 2026 results on Aug 28, 2026 New Risk • Jul 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$72.5m (US$9.25m) 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 Less than 1 year of cash runway based on free cash flow trend (-HK$7.1m free cash flow). Market cap is less than US$10m (HK$72.5m market cap, or US$9.25m). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Aankondiging • May 29
Millennium Pacific Group Holdings Limited, Annual General Meeting, Jun 22, 2026 Millennium Pacific Group Holdings Limited, Annual General Meeting, Jun 22, 2026, at 11:00 China Standard Time. Location: units 5906-5912, 59th floor, the center, 99 queens road central, Hong Kong Reported Earnings • Apr 02
Full year 2025 earnings released: HK$0.051 loss per share (vs HK$0.023 profit in FY 2024) Full year 2025 results: HK$0.051 loss per share (down from HK$0.023 profit in FY 2024). Revenue: HK$106.4m (up 58% from FY 2024). Net loss: HK$8.99m (down 411% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. New Risk • Mar 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 Interest payments are not well covered by earnings (0.5x net interest cover). Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Significant insider selling over the past 3 months (HK$12m sold). Market cap is less than US$100m (HK$161.6m market cap, or US$20.6m). Aankondiging • Mar 14
Millennium Pacific Group Holdings Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 Millennium Pacific Group Holdings Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 New Risk • Oct 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 36% 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 Interest payments are not well covered by earnings (0.5x net interest cover). Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (HK$201.0m market cap, or US$25.9m). New Risk • Sep 23
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: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Market cap is less than US$10m (HK$73.4m market cap, or US$9.44m). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Reported Earnings • Sep 01
First half 2025 earnings released: HK$0.008 loss per share (vs HK$0.021 loss in 1H 2024) First half 2025 results: HK$0.008 loss per share (improved from HK$0.021 loss in 1H 2024). Revenue: HK$34.4m (up 39% from 1H 2024). Net loss: HK$1.31m (loss narrowed 39% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Aankondiging • Aug 23
Millennium Pacific Group Holdings Limited announced that it has received HKD 8.634 million in funding from Viva Gain Investments Limited On August 22, 2025, Millennium Pacific Group Holdings Limited closed the transaction. The company issued convertible bonds in the principal amount of HKD 8,634,000 for gross proceeds of HKD 8,634,000. The conversion price is of HKD 0.25 and bonds can be converted into 34,536,000 conversion shares. Aankondiging • Aug 11
Millennium Pacific Group Holdings Limited to Report Q2, 2025 Results on Aug 28, 2025 Millennium Pacific Group Holdings Limited announced that they will report Q2, 2025 results on Aug 28, 2025 Aankondiging • Jul 03
Millennium Pacific Group Holdings Limited Announces Co-Chairman Changes The board of directors of Millennium Pacific Group Holdings Limited announced that Mr. Li Qi has been appointed as a co-chairman of the Board with effect from 3 July 2025. Mr. Li will continue to serve as an executive Director. Mr. Li, aged 60, has been appointed as an executive Director with effect from 10 February 2025. Mr. Li has over 20 years of experience in international trade and enterprise management. From January 2012 to April 2018, he served as the operational director of Shenzhen Fuhongli Enterprise Company Limited. Since April 2018, he has been the general manager of Shenzhen Guangda Xingtong Trading Company Limited. Upon the appointment of Mr. Li as a Co-Chairman, the Company will have more than one chairman of the Board, and accordingly, Mr. Pan Xiaodong has been re-designated from the Chairman to a Co-Chairman. Mr. Pan will continue to serve as an executive Director. Aankondiging • May 31
Millennium Pacific Group Holdings Limited, Annual General Meeting, Jun 23, 2025 Millennium Pacific Group Holdings Limited, Annual General Meeting, Jun 23, 2025, at 11:00 China Standard Time. Location: units 5906-5912, 59th floor, the center, 99 queen`s road central, Hong Kong New Risk • May 07
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Market cap is less than US$10m (HK$46.6m market cap, or US$6.01m). Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (HK$6.6m sold). Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: HK$0.023 (vs HK$0.17 loss in FY 2023) Full year 2024 results: EPS: HK$0.023 (up from HK$0.17 loss in FY 2023). Revenue: HK$67.4m (up 9.6% from FY 2023). Net income: HK$2.89m (up HK$20.2m from FY 2023). Profit margin: 4.3% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Mar 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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 Negative equity (-HK$16m). Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (48% increase in shares outstanding). Market cap is less than US$10m (HK$44.3m market cap, or US$5.69m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Aankondiging • Mar 17
Millennium Pacific Group Holdings Limited to Report Fiscal Year 2024 Results on Mar 27, 2025 Millennium Pacific Group Holdings Limited announced that they will report fiscal year 2024 results on Mar 27, 2025 Board Change • Mar 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Joint Chairman of the Board Xiaodong Pan was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jan 28
Millennium Pacific Group Holdings Limited Announces Appointment of Executive Directors and Joint chairman of the Board, Effective from 10 February 2025 Millennium Pacific Group Holdings Limited announce that each of Mr. Li Qi (``Mr. Li'') and Mr. Pan Xiaodong(``Mr. Pan'') has been appointed as an executive Director and a joint chairman of the Board with effect from 10 February 2025. The biographical details of Mr. Li are set out below: Mr. Li, aged 60, has over 20 years of experience in international trade and enterprise management. From January 2012 to April 2018, he served as the operational director of Shenzhen Fuhongli Enterprise Company Limited. Since April 2018, he has been the general manager of Shenzhen Guangda Xingtong Trading Company Limited. Mr. Li has entered into a service agreement with the Company for a term of three years commencing on 10 February 2025, which shall continue thereafter, subject to retirement by rotation and re-election in accordance with the articles of association of the Company (the ``Articles''), or earlier termination in accordance with the service agreement, the Articles and/or any applicable laws and regulations. Mr. Li will not be entitled to any remuneration in his capacity as an executive Director and a joint chairman of the Board, but is entitled to reimbursement of all reasonable expenses properly incurred in the performance of his duties in connection with the business of the Company. The biographical details of Mr. Pan are set out below: Mr. Pan, aged 56, graduated from the Dongbei University of Finance and Economics in the People's Republic of China in June 2010 with a Professional Master Degree of Business Administration in Executive Master of Business Administration. Since March 2005, he has been the director of Dalian Sunshine World Company Limited. Since February 2015, he has served as the director of Oriental Microbank Credit Investigation Service (Dalian) Company Limited. Mr. Pan has entered into a service agreement with the Company for a term of three years commencing on 10 February 2025, which shall continue thereafter, subject to retirement by rotation and re-election in accordance with the Articles, or earlier termination in accordance with the service agreement, the Articles and/or any applicable laws and regulations. Mr. Pan will not be entitled to any remuneration in his capacity as an executive Director and a joint chairman of the Board, but is entitled to reimbursement of all reasonable expenses properly incurred in the performance of his duties in connection with the business of the Company. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 48% 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 Negative equity (-HK$16m). Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (48% increase in shares outstanding). Market cap is less than US$10m (HK$46.6m market cap, or US$5.98m). Reported Earnings • Aug 30
First half 2024 earnings released: HK$0.021 loss per share (vs HK$0.067 loss in 1H 2023) First half 2024 results: HK$0.021 loss per share (improved from HK$0.067 loss in 1H 2023). Revenue: HK$24.8m (up 7.4% from 1H 2023). Net loss: HK$2.14m (loss narrowed 69% from 1H 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 4% per year, which means it is significantly lagging earnings. Aankondiging • Aug 09
Millennium Pacific Group Holdings Limited to Report First Half, 2024 Results on Aug 29, 2024 Millennium Pacific Group Holdings Limited announced that they will report first half, 2024 results on Aug 29, 2024 New Risk • Jul 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 39% 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 Negative equity (-HK$14m). Earnings have declined by 3.4% per year over the past 5 years. Market cap is less than US$10m (HK$48.8m market cap, or US$6.24m). Minor Risk Shareholders have been diluted in the past year (39% increase in shares outstanding). Aankondiging • Jun 08
Millennium Pacific Group Holdings Limited, Annual General Meeting, Jun 27, 2024 Millennium Pacific Group Holdings Limited, Annual General Meeting, Jun 27, 2024, at 11:00 China Standard Time. Location: units 5906-5912, 59th floor, the center, 99 queen`s road central, Hong Kong Board Change • Apr 01
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Wai Lun Man is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 30
Full year 2023 earnings released: HK$0.17 loss per share (vs HK$0.18 loss in FY 2022) Full year 2023 results: HK$0.17 loss per share (improved from HK$0.18 loss in FY 2022). Revenue: HK$61.5m (down 6.4% from FY 2022). Net loss: HK$17.3m (loss narrowed 5.7% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Aankondiging • Mar 21
Millennium Pacific Group Holdings Limited Announces Management Changes The board of directors of Millennium Pacific Group Holdings Limited announced that Mr. Zhou Fenli has been appointed as an independent non-executive Director, with effect from 20 March 2024. Mr. Zhou Fenli, aged 56, served as the senior management of various companies in China since 2006 and has accumulated over 18 years of experience in finance and corporate management. Mr. Zhou Fenli is currently the general manager and executive director of various companies which provides financial service in China. The Board further announces that with effect from 20 March 2024, Mr. Zhou Fenli has been appointed as a member of both the Audit Committee and the Nomination Committee and the Chairman of both the Remuneration Committee and the Compliance Committee of the Company. Following the appointment of Mr. Zhou Fenli, the Board comprises four members, including one executive Director and three independent non-executive Directors. The current number of independent non-executive Directors complies with Rule 5.05(1) of the GEM Listing Rules. Ms. Ngan has tendered her resignation as the company secretary of the Company and will cease to act as the Company Secretary and one of the authorised representatives of the Company as required under Rule 5.24 of the Rules Governing the Listing of Securities on the GEM of the Stock Exchange, both with effect from 31 March 2024. Ms. Ngan has confirmed that she has no disagreement with the Board and that there are no matters that need to be brought to the attention of the Stock Exchange and the shareholders of the Company in connection with her resignation. The Board announced that Mr. Chou Chiu Ho has been appointed as the Company Secretary and the Authorised Representative as external service provider with effect from 1 April 2024. Mr. Chou Chiu Ho is currently a member of the Hong Kong Institute of Certified Public Accountant and a fellow member of the Association of Chartered Certified Accountants. Mr. Chou Chiu Ho has extensive work experience in the company secretarial profession. Mr. Chou Chiu Ho was the financial controller and company secretary of the Company from April 2013 and resigned as the financial controller and the company secretary of the Company in September 2014 and March 2017 respectively. Mr. Chou Chiu Ho is also the company secretary of Prime Intelligence Solutions Group Limited and an independent non-executive Director of Singasia Holdings Limited. Aankondiging • Mar 16
Millennium Pacific Group Holdings Limited, Annual General Meeting, Mar 26, 2024 Millennium Pacific Group Holdings Limited, Annual General Meeting, Mar 26, 2024. Agenda: To consider the audited annual results of the Company and its subsidiaries for the year ended 31 December 2023 and its publication; and to consider the payment of a final dividend, if any. Aankondiging • Mar 15
Millennium Pacific Group Holdings Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 Millennium Pacific Group Holdings Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 Aankondiging • Dec 29
Millennium Pacific Group Holdings Limited Announces Change of Company Secretary The board of directors of Millennium Pacific Group Holdings Limited announced that Mr. Wong Kwok Chung ("Mr. Wong") has tendered his resignation as the company secretary of the Company (the ``Company Secretary'') and has ceased to act as one of the authorised representatives of the Company as required under Rule 5.24 of the Rules Governing the Listing of Securities on the GEM of the Stock Exchange (the ``Authorised Representative''), both with effect from 28 December 2023. The Board announced that Ms. Ngan Wai Kam, Sharon ("Ms. Ngan") has been appointed as the Company Secretary and the Authorised Representative as external service provider with effect from 28 December 2023. Ms. Ngan is a practising solicitor in Hong Kong with over 16 years' experience in the practice of merger and acquisition, corporate and commercial law. Ms. Ngan was the Company Secretary and the Authorised Representative during 17 July 2017 to 31 December 2021. Reported Earnings • Nov 11
Third quarter 2023 earnings released: HK$0.009 loss per share (vs HK$0.043 loss in 3Q 2022) Third quarter 2023 results: HK$0.009 loss per share (improved from HK$0.043 loss in 3Q 2022). Revenue: HK$23.9m (up HK$22.3m from 3Q 2022). Net loss: HK$898.0k (loss narrowed 80% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. New Risk • Nov 10
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 9.9% 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 Risks Negative equity (-HK$4.2m). Market cap is less than US$10m (HK$17.4m market cap, or US$2.23m). Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Significant insider selling over the past 3 months (HK$5.0m sold). Revenue is less than US$5m (HK$25m revenue, or US$3.2m). Aankondiging • Oct 31
Millennium Pacific Group Holdings Limited to Report Q3, 2023 Results on Nov 10, 2023 Millennium Pacific Group Holdings Limited announced that they will report Q3, 2023 results on Nov 10, 2023 Aankondiging • Sep 15
Millennium Pacific Group Holdings Limited announced that it has received HKD 3 million in funding On September 14, 2023, Millennium Pacific Group Holdings Limited closed the transaction. New Risk • Aug 14
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: -HK$9.4m 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 (-HK$9.4m free cash flow). Negative equity (-HK$4.2m). Market cap is less than US$10m (HK$14.0m market cap, or US$1.79m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Revenue is less than US$5m (HK$25m revenue, or US$3.2m). Reported Earnings • Aug 13
Second quarter 2023 earnings released: HK$0.033 loss per share (vs HK$0.024 loss in 2Q 2022) Second quarter 2023 results: HK$0.033 loss per share (further deteriorated from HK$0.024 loss in 2Q 2022). Revenue: HK$22.9m (up 411% from 2Q 2022). Net loss: HK$3.43m (loss widened 39% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Aankondiging • Aug 01
Millennium Pacific Group Holdings Limited to Report Q2, 2023 Results on Aug 11, 2023 Millennium Pacific Group Holdings Limited announced that they will report Q2, 2023 results on Aug 11, 2023 
