Announcement • Apr 15
Vision Values Holdings Limited announced that it expects to receive HKD 200 million in funding from Glory Light Limited, Next Victory Group Limited, Moral Glory International Limited, Dragon Noble Group Limited, Chow Tai Fook Nominee Limited Vision Values Holdings Limited announced that it has entered into five subscription agreement with each of the subscribers to issue convertible notes in the principal amount of HKD 200,000,000 for gross proceeds of HKD 200,000,000 on April 13, 2026. The transaction includes participation from new investors, Moral Glory International Limited for HKD 53,900,000, Next Victory Group Limited for HKD 13,000,000, Glory Light Limited for HKD 45,200,000, Dragon Noble Group Limited for HKD 52,700,000, and Chow Tai Fook Nominee Limited for HKD 35,200,000. The conversion price will be of HKD 0.042 and will be convertible into 5,190,476,188 conversion shares. The notes will be mature within third anniversary of the date of issue of the 2026 convertible notes. The interest rate will be of 3%. Obligations of the company under the 2026 convertible notes are unsecured. The 2026 convertible notes and the conversion shares will be issued under the specific mandate to be sought from the shareholders at the EGM. New Risk • Mar 15
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$107m 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$107m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risk Market cap is less than US$100m (HK$172.7m market cap, or US$22.1m). Reported Earnings • Feb 17
First half 2026 earnings released: HK$0.007 loss per share (vs HK$0.007 loss in 1H 2025) First half 2026 results: HK$0.007 loss per share (in line with 1H 2025). Revenue: HK$193.2m (down 14% from 1H 2025). Net loss: HK$25.5m (loss narrowed 6.8% from 1H 2025). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. 
