Announcement • Jun 09
Shanghai Broadband Technology Co.,Ltd, Annual General Meeting, Jun 29, 2026 Shanghai Broadband Technology Co.,Ltd, Annual General Meeting, Jun 29, 2026, at 14:00 China Standard Time. Location: 3F, Tower D, No. 3237, Xingyuan Road, Wujiaying Subdistrict, Chenggong District, Kunming, Yunnan China New Risk • Jun 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CN¥65.8m (US$9.72m) 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 Share price has been highly volatile over the past 3 months (33% average weekly change). Earnings have declined by 37% per year over the past 5 years. Market cap is less than US$10m (CN¥65.8m market cap, or US$9.72m). Minor Risk Revenue is less than US$5m (CN¥9.6m revenue, or US$1.4m). Board Change • Jun 08
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Independent Director Lei Li is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.