Announcement • Jul 17
Ju Teng International Holdings Limited Provides Earnings Guidance for the Six Months Ended June 30, 2026 Ju Teng International Holdings Limited provided earnings guidance for six months ended June 30, 2026. For the six months, the company will record a loss attributable to equity holders of the Company in the range from approximately HKD 750 million to approximately HKD 850 million for the six months ended 30 June 2026 (the "Period"), as compared to the loss attributable to equity holders of the Company of approximately HKD 79 million for the corresponding period in 2025. Despite the measures adopted by the Group to lower the operating costs and adjust operation and production strategies, the Group is expected to record a substantial increase in loss attributable to equity holders of the Company for the Period mainly due to the following factors: a decrease in the sales revenue by approximately 5% as compared with the corresponding period in 2025, mainly attributable to weakened demand from major notebook computer brand customers, as the global memory shortage drove up costs and selling prices, thereby weakening end-user consumption and leading to a reduction in orders placed with the Group, which was in line with the drop observed in worldwide PC shipments for the second quarter of 2026; the absence of a one-off gain on disposal of non-current assets classified as held for sale of approximately HKD 139 million recognized in the corresponding period in 2025 in connection with disposal of certain assets by the Group; net foreign exchange losses of approximately HKD 211 million incurred during the Period as compared with approximately HKD 24 million during the corresponding period in 2025, primarily driven by the appreciation of Renminbi; the reclassification of trial production costs for new products from cost of sales to selling and distribution expenses during the Period in order to more effectively reflect the production costs of products sold, and thereby contributed to the increase in selling and distribution expenses to approximately HKD 147 million during the Period, as compared with approximately HKD 73 million during the corresponding period in 2025; and the decrease in production orders which led to low utilization rates of production capacity, resulting in certain production cost in the range of approximately HKD 450 million to approximately HKD 550 million being classified as idle capacity costs, which in turn reduced the amount of costs capitalized into inventories in accordance with the accounting standards and policies adopted by the Group, and thereby increased other expenses recognised during the Period. Announcement • May 19
Lens Technology Co., Ltd. (SZSE:300433) proposed to acquire 72.19% stake in Ju Teng International Holdings Limited (SEHK:3336) for HKD 1.9 billion. Lens Technology Co., Ltd. (SZSE:300433) proposed to acquire 72.19% stake in Ju Teng International Holdings Limited (SEHK:3336) for HKD 1.9 billion on May 18, 2026. A cash consideration of HKD 1.91 billion valued at HKD 2.2 per share will be paid by Lens Technology Co., Ltd. As part of consideration, HKD 1.91 billion is paid towards common equity of Ju Teng International Holdings Limited. In a related transaction, Lens Technology Co., Ltd. will acquire stake in Ju Teng International Holdings Limited through a share purchase agreement. Upon completion of the transactions, Lens Technology Co., Ltd. will hold 100% stake in Ju Teng International Holdings Limited. The transaction will be financed through external loan facility of up to HKD 3 billion and/or internal cash resources.
The Board of Directors of Ju Teng International Holdings Limited formed a special committee for the transaction.
CITIC Securities Corporate Finance Limited acted as financial advisor for Lens Technology Co., Ltd. Board Change • May 19
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Shu-Hui Chuang was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.