Announcement • Sep 16
Jinhua Capital Corporation announced that it expects to receive CAD 0.95 million in funding Jinhua Capital Corporation announced a best-efforts agency basis to issue 9,500,000 units at an issue price of CAD 0.10 per share for gross proceeds of CAD 950,000 on September 15, 2025. he Offering is subject to certain conditions including, but not limited to, resumption of trading and receipt of all necessary approvals including the approval of the TSX Venture Exchange (“TSXV”). The Company may pay eligible finders a fee (the “Finder’s Fees”) on the Offering within the amount permitted by the policies of the TSXV. The Company may pay certain finders a commission of 8% cash and 8% non-transferable share purchase warrants (the “Finder’s Warrants”) at an exercise price CAD 0.10 per Finder’s Warrant Share for a period of 12 months from the date of issuance. New Risk • Jun 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Less than 1 year of cash runway based on free cash flow trend (-CA$2.1m free cash flow). Negative equity (-CA$583k). Earnings have declined by 76% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$183.1k market cap, or US$133.8k). Minor Risk Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Board Change • Apr 28
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Director Chris Thomas 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. Board Change • Nov 29
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). CEO & Director Chris Thomas 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 independent directors. Lack of experienced directors. Announcement • Oct 22
Jinhua Capital Corporation, Annual General Meeting, Dec 19, 2024 Jinhua Capital Corporation, Annual General Meeting, Dec 19, 2024. Location: british columbia, vancouver Canada Board Change • Aug 09
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). CEO & Director Chris Thomas 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 independent directors. Lack of experienced directors. Announcement • Feb 29
Jinhua Capital Corporation announced that it has received CAD 1.586 million in funding On February 28, 2024, Jinhua Capital Corporation closed the transaction. The company issued 1,950,000 flow-through units for gross proceeds of CAD 117,000 in its third tranche. The company has paid CAD 6,160 in finders fees to eligible finders in connection with the second tranche, also issued 51,333 finders warrants and 51,333 finders shares. Each finder’s warrant shall entitle the holder thereof to purchase one additional common share at a price of CAD 0.10 for 12 months from the closing of the offering. Announcement • Dec 15
Jinhua Capital Corporation announced that it expects to receive CAD 0.442041 million in funding Jinhua Capital Corporation announced a non-brokered private placement of up to 8,840,818 common shares at a price of CAD 0.05 per share for the aggregate gross proceeds of up to CAD 442,041 on December 14, 2023. In connection with the offering, the company may pay certain finders a cash commission equal to 8% of the aggregate gross proceeds raised from those purchasers introduced by such finders and issue to such finders such number of non-transferable share purchase warrants equal to 8% of the total number of shares sold to purchasers introduced by such finders, which provide that such finders may acquire common shares of the company, at an exercise of CAD 0.10 per finder's warrant share, for a period of 12 months from the date of issuance. The offering may close in tranches. The offering is expected to close on or before December 22, 2023. The offering is subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The securities issued in the offering will not be subject to a hold period in accordance with applicable Canadian securities laws. Announcement • Dec 07
Jinhua Capital Corporation announced that it has received CAD 1.469 million in funding On December 6, 2023, Jinhua Capital Corporation closed the transaction. The company issued 4,133,334 flow-through units for gross proceeds of CAD 248,000. The company has raised total gross proceeds of CAD 1,468,999 in the transaction. The company has paid CAD 19,840 in finders fees to eligible finders in connection with the second tranche, also issued 165,333 finders warrants and 165,333 finders shares. Each finder’s warrant shall entitle the holder thereof to purchase one additional common share at a price of CAD 0.10 for 12 months from the closing of the offering. The securities issued in the second tranche of the offering are subject to a four month and one day hold period, expiring on March 30, 2024. New Risk • Dec 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 7x increase in shares outstanding. 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 Shares are highly illiquid. Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 7x increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.17m market cap, or US$2.33m). Board Change • Nov 17
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Interim CEO & Director Chris Thomas is the most experienced director on the board, commencing their role in 2023. Independent Director Kendal Yuen was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Nov 13
Jinhua Capital Corporation Announces Executive Changes Jinhua Capital Corporation announced that James Nelson has resigned as CEO . In addition, Chris Thomas has been appointed as Interim CEO. Announcement • Nov 12
Jinhua Capital Corporation Announces Executive Changes Jinhua Capital Corporation announced that James Nelson has resigned as Director and Graeme Sewell has resigned as Director of the Company, effective immediately. Concurrently with Mr. Nelson and Mr. Sewell's resignations, the Company announced the appointment of Mr. Kendal Yuen to the Company's of directors and Mr. Yuen is an independent Director. The Company thanks Mr. Nelson and Mr. Sewell for their contributions to the Company and wishes them success in their future endeavors. Mr. Yuen brings a valuable skillset to the company, specializing in business and media management. His proven success has propelled him to the top 5% of sales distributors within a multibillion dollar network marketing company. His experience in the financial market has allowed him to excel in creating trading strategies in order to make informed investment decisions with a focus on risk management. Mr. Yuen is a founder and business owner of various small business started from person. Announcement • Oct 22
Jinhua Capital Corporation, Annual General Meeting, Dec 15, 2023 Jinhua Capital Corporation, Annual General Meeting, Dec 15, 2023. Announcement • Sep 03
Jinhua Capital Corporation Announces Board of Director Changes Jinhua Capital Corporation announced that R. Timothy Henneberry has resigned as a Director of the Company, effective August 31, 2023. Concurrently with Mr. Henneberry's resignation, the Company announced the appointment of Mr. Chris Thomas to the Company's board of directors. Mr. Thomas brings a proven track record in sales and real estate acquisitions & brings a wealth of experience to the table. He has successfully sold over 9 figures worth of real estate and won numerous sales accolades. Mr. Thomas also specializes in raising capital for businesses, specifically in arranging debt financing. His multifaceted expertise has consistently delivered results while fostering lasting partnerships. 