Reported Earnings • May 01
First quarter 2026 earnings released: CN¥0.002 loss per share (vs CN¥0.005 profit in 1Q 2025) First quarter 2026 results: CN¥0.002 loss per share (down from CN¥0.005 profit in 1Q 2025). Revenue: CN¥143.7m (up 57% from 1Q 2025). Net loss: CN¥1.40m (down 138% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. New Risk • Apr 28
New major risk - Revenue and earnings growth Earnings have declined by 25% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Apr 28
Modern Avenue Group Co., Ltd., Annual General Meeting, May 20, 2026 Modern Avenue Group Co., Ltd., Annual General Meeting, May 20, 2026, at 14:00 China Standard Time. Location: 14F, Building A1, No. 23, Guangpu Middle Road, Science City, Huangpu District, Guangzhou, Guangdong China