Buy Or Sell Opportunity • Jun 26
Now 29% undervalued after recent price drop Over the last 90 days, the stock has fallen 87% to €0.015. The fair value is estimated to be €0.021, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 6.4%. Buy Or Sell Opportunity • Jun 04
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 100% to €0.0005. The fair value is estimated to be €0.00067, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 6.4%. Upcoming Dividend • May 27
Upcoming dividend of HK$0.065 per share Eligible shareholders must have bought the stock before 03 June 2026. Payment date: 22 June 2026. Payout ratio is on the higher end at 96%, and the cash payout ratio is above 100%. Trailing yield: 8.6%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.3%). Buy Or Sell Opportunity • May 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 91% to €0.01. The fair value is estimated to be €0.013, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 6.4%. Buy Or Sell Opportunity • Apr 29
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to €0.09. The fair value is estimated to be €0.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 6.4%. Reported Earnings • Apr 28
Full year 2025 earnings released: EPS: HK$0.11 (vs HK$0.10 in FY 2024) Full year 2025 results: EPS: HK$0.11 (up from HK$0.10 in FY 2024). Revenue: HK$252.7m (up 2.1% from FY 2024). Net income: HK$84.0m (up 2.5% from FY 2024). Profit margin: 33% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 5% per year. Buy Or Sell Opportunity • Apr 13
Now 51% undervalued after recent price drop Over the last 90 days, the stock has fallen 100% to €0.0005. The fair value is estimated to be €0.001, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 6.4%. Declared Dividend • Mar 26
Final dividend of HK$0.065 announced Shareholders will receive a dividend of HK$0.065. Ex-date: 3rd June 2026 Payment date: 22nd June 2026 Dividend yield will be 13,803%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (66% earnings payout ratio) but not covered by cash flows (107% cash payout ratio). The dividend has increased by an average of 1.7% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Mar 25
Now 54% undervalued Over the last 90 days, the stock has risen 11% to €0.11. The fair value is estimated to be €0.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 6.5%. Reported Earnings • Mar 25
Full year 2025 earnings released: EPS: HK$0.11 (vs HK$0.10 in FY 2024) Full year 2025 results: EPS: HK$0.11 (up from HK$0.10 in FY 2024). Revenue: HK$252.7m (up 2.1% from FY 2024). Net income: HK$84.0m (up 2.5% from FY 2024). Profit margin: 33% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 5% per year. Announcement • Mar 24
Tradelink Electronic Commerce Limited, Annual General Meeting, May 29, 2026 Tradelink Electronic Commerce Limited, Annual General Meeting, May 29, 2026. Announcement • Mar 10
Tradelink Electronic Commerce Limited to Report Fiscal Year 2025 Results on Mar 24, 2026 Tradelink Electronic Commerce Limited announced that they will report fiscal year 2025 results on Mar 24, 2026 Upcoming Dividend • Sep 11
Upcoming dividend of HK$0.037 per share Eligible shareholders must have bought the stock before 18 September 2025. Payment date: 08 October 2025. Payout ratio is on the higher end at 97%, and the cash payout ratio is above 100%. Trailing yield: 9.2%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (2.5%). New Risk • Aug 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Cash payout ratio: 117% Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). Reported Earnings • Aug 21
First half 2025 earnings released: EPS: HK$0.053 (vs HK$0.051 in 1H 2024) First half 2025 results: EPS: HK$0.053 (up from HK$0.051 in 1H 2024). Revenue: HK$121.0m (down 1.3% from 1H 2024). Net income: HK$41.8m (up 2.7% from 1H 2024). Profit margin: 35% (up from 33% in 1H 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Aug 06
Tradelink Electronic Commerce Limited to Report First Half, 2025 Results on Aug 19, 2025 Tradelink Electronic Commerce Limited announced that they will report first half, 2025 results on Aug 19, 2025 Announcement • May 16
Tradelink Electronic Commerce Limited Board and Committees Changes Tradelink Electronic Commerce Limited announced that Mr. CHAU Tak Hay has retired as an Independent Non-executive Director (INED) with effect from the conclusion of the 2025 AGM. Mr. CHAU has confirmed that he has no disagreement with the Board and that there are no other matters relating to his retirement that need to be brought to the attention of the Shareholders and the SEHK. The Investment Committee has been dissolved with effect from the conclusion of the 2025 AGM. Mr. CHAU ceased to be the chairman of the Remuneration Committee and a member of each of the Audit and Governance Committee and the Investment Committee following his retirement as an INED. Mr. CHAK Hubert has been appointed as the chairman of the Remuneration Committee and ceased to be the chairman of the Investment Committee. The Board shall have 3 committees with effect from the conclusion of the 2025 AGM with composition as follows: Audit and Governance Committee - Ms. CHEUNG Ho Ling Honnus (Chairperson), Mr. CHAK Hubert, Mr. LIN Sun Mo Willy, G.B.S., J.P., FCILT; Remuneration Committee - Mr. CHAK Hubert (Chairman), Dr. LEE Harry Nai Shee, S.B.S., J.P., Ms. CHEUNG Ho Ling Honnus; Nomination Committee - Mr. LIN Sun Mo Willy, G.B.S., J.P., FCILT (Chairman), Dr. LEE Harry Nai Shee, S.B.S., J.P., Ms. CHEUNG Ho Ling Honnus. Following the conclusion of the 2025 AGM, the Board of the Company comprises Non-executive Directors: Dr. LEE Harry Nai Shee, S.B.S., J.P. (Chairman), Dr. LEE Delman and Mr. YUEN Wing Sang Vincent; Independent Non-executive Directors: Mr. CHAK Hubert, Ms. CHEUNG Ho Ling Honnus and Mr. LIN Sun Mo Willy, G.B.S., J.P., FCILT; and Executive Directors: Mr. YUEN Man Chung, S.B.S. and Mr. CHENG Chun Chung Andrew. Upcoming Dividend • May 14
Upcoming dividend of HK$0.064 per share Eligible shareholders must have bought the stock before 21 May 2025. Payment date: 06 June 2025. Payout ratio is on the higher end at 98%, and the cash payout ratio is above 100%. Trailing yield: 11%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (2.3%). Board Change • Apr 10
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Honnus Cheung 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. Declared Dividend • Mar 20
Final dividend of HK$0.064 announced Shareholders will receive a dividend of HK$0.064. Ex-date: 21st May 2025 Payment date: 6th June 2025 Dividend yield will be 67%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not adequately covered by earnings (98% earnings payout ratio) nor is it covered by cash flows (112% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 8.8% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates. Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: HK$0.10 (vs HK$0.13 in FY 2023) Full year 2024 results: EPS: HK$0.10 (down from HK$0.13 in FY 2023). Revenue: HK$247.6m (down 7.1% from FY 2023). Net income: HK$82.0m (down 19% from FY 2023). Profit margin: 33% (down from 38% in FY 2023). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Mar 18
Tradelink Electronic Commerce Limited, Annual General Meeting, May 16, 2025 Tradelink Electronic Commerce Limited, Annual General Meeting, May 16, 2025. Announcement • Mar 04
Tradelink Electronic Commerce Limited to Report Fiscal Year 2024 Results on Mar 18, 2025 Tradelink Electronic Commerce Limited announced that they will report fiscal year 2024 results on Mar 18, 2025 Announcement • Nov 22
Tradelink Electronic Commerce Limited Announces Re-Designation of Cheng Chun Chung Andrew from Chief Technology Officer to Chief Operations Officer, Effective from 1 December 2024 The Board of Directors of Tradelink Electronic Commerce Limited announced that Mr. CHENG Chun Chung Andrew ("Mr. CHENG") will be re-designated from the Chief Technology Officer of the Company ("CTO") to the Chief Operations Officer of the Company ("COO") with effect from 1 December 2024. Mr. CHENG will continue to act as an executive director of the Company ("ED"). Mr. CHENG, aged 55, joined the Group in 2002 and was appointed as an ED on 15 November 2011. He has served as the CTO since 1 January 2017. He is also a director of all the Company's subsidiaries. Mr. CHENG holds a Master of Commerce degree in Information Systems from the University of New South Wales, a Master of Engineering degree from the University of Sydney, a Bachelor of Engineering degree with Honours in Electrical Engineering from the University of Sydney and a Bachelor of Science degree from the University of Sydney. Mr. CHENG has 31 years' experience in IT- related business, covering internet security, domestic and international supply chain,
logistics and finance. Upcoming Dividend • Sep 13
Upcoming dividend of HK$0.037 per share Eligible shareholders must have bought the stock before 19 September 2024. Payment date: 07 October 2024. Payout ratio is on the higher end at 78%, and the cash payout ratio is above 100%. Trailing yield: 11%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.2%). Reported Earnings • Sep 03
First half 2024 earnings released: EPS: HK$0.051 (vs HK$0.049 in 1H 2023) First half 2024 results: EPS: HK$0.051 (up from HK$0.049 in 1H 2023). Revenue: HK$122.7m (down 1.8% from 1H 2023). Net income: HK$40.7m (up 4.8% from 1H 2023). Profit margin: 33% (up from 31% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 30
First half dividend of HK$0.037 announced Shareholders will receive a dividend of HK$0.037. Ex-date: 19th September 2024 Payment date: 7th October 2024 Dividend yield will be 47%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (110% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 3.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 28
Tradelink Electronic Commerce Limited Declares Interim Dividend for the Six Months Ended June 30, 2024, Payable on October 7, 2024 Tradelink Electronic Commerce Limited declared interim dividend of HKD 0.037 per share for the six months ended June 30, 2024. Ex Dividend Date is September 19, 2024, Record date is September 23, 2024 and payment date is October 7, 2024. Announcement • Aug 15
Tradelink Electronic Commerce Limited to Report First Half, 2024 Results on Aug 28, 2024 Tradelink Electronic Commerce Limited announced that they will report first half, 2024 results on Aug 28, 2024 Announcement • Jul 15
Tradelink Electronic Commerce Limited Announces Retirement of Chung Shun Kwan as Executive Director and Chief Operations Officer, with Effect from 1 August 2024 The board of directors of Tradelink Electronic Commerce Limited announced that Ms. CHUNG Shun Kwan ("Ms. CHUNG") will retire as an executive director and the chief operations officer of the Company with effect from 1 August 2024 following the expiration of her employment contract which has been extended yearly since she reached the retirement age in 2016 to act as the chief operations officer of the Company. Upon her retirement, Ms. CHUNG will also cease to hold any position with the subsidiaries and associates of the Company. Announcement • May 25
Tradelink Electronic Commerce Limited Announces Board Changes Tradelink Electronic Commerce Limited announced that with effect from the conclusion of the 2024 AGM: (1) Mr. YING Tze Man ("Mr. YING") has retired as a NED in conformity with the Diversity Policy; (2) Ms. CHAN Chi Yan ("Ms. CHAN") has retired as an INED in conformity with the Diversity Policy; and (3) Mr. CHUNG Wai Kwok Jimmy ("Mr. CHUNG") has retired as an INED in conformity with the Diversity Policy. Each of Mr. YING, Ms. CHAN and Mr. CHUNG has confirmed that he/she has no disagreement with the Board and that there are no other matters relating to his/her retirement that need to be brought to the attention of the Shareholders and the SEHK. The Board announced that upon approval by the Shareholders at the 2024 AGM, Ms. CHEUNG Ho Ling Honnus ("Ms. CHEUNG") has been appointed as an INED with effect from the conclusion of the 2024 AGM. Set out below is the biographical details of Ms. CHEUNG: Ms. CHEUNG Ho Ling Honnus, aged 53, was appointed as an INED on 24 May 2024. She graduated from the University of Queensland (Australia) with a Bachelor of Commerce degree and with an Executive Master of Business Administration degree from Kellogg School of Management at Northwestern University and Hong Kong University of Science and Technology. Ms. CHEUNG is a fellow member of the Hong Kong Institute ofCertified Public Accountants (HKICPA) and Certified Practising Accountants of Australia. She is also a fellow member of the Hong Kong Institute of Directors. Ms. CHEUNG has served as Co-Founder and Chief Strategy Officer of On-us Group since 2020. She has been the Independent Non-Executive Director of Mobvista Inc. (listed on the Main Board of SEHK with stock code:1860) and Stelux Holdings International Limited (listed on the Main Board of SEHK with stock code: 84) since 2022 and an Independent Director of VS MEDIA Holdings Limited (NASDAQ: VSME) since September 2023. Moreover, she was the Independent Non-Executive Director and Audit Committee Chairman for iClickInteractive Asia Group Limited (NASDAQ: ICLK) from 2017 to 2021. Prior to that, she was the Chief Financial Officer, Asia Pacific and General Manager, China for Travelzoo (NASDAQ: TZOO) from 2007 to 2019 and Regional Finance Director for Yahoo! Asia from 1999 to 2007. She built both Travelzoo Asia and Yahoo! Asia business from zero to multi-billions. Prior to working for Yahoo!, Ms. CHEUNG held various professional positions at American Standard and PricewaterhouseCoopers ("PwC"). She has over 20 years' experience in financial and management functions in listed companies. Ms. CHEUNG is an ex-colleague of Mr. CHUNG, while they were working at PwC at the same time back in the 1990s. The Board hereby announces that with effect from the conclusion of the 2024 AGM: (1) Each of Mr. YING, Ms. CHAN and Mr. CHUNG has stepped down from the Board committees of which he/she was a member or chairman respectively following his/her retirement; and (2) Ms. CHEUNG has been appointed as the chairperson of the AGC and a member of each of the RC and NC. Upcoming Dividend • May 22
Upcoming dividend of HK$0.063 per share Eligible shareholders must have bought the stock before 29 May 2024. Payment date: 14 June 2024. Payout ratio is on the higher end at 79%, and the cash payout ratio is above 100%. Trailing yield: 10%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.3%). Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: HK$0.13 (vs HK$0.066 in FY 2022) Full year 2023 results: EPS: HK$0.13 (up from HK$0.066 in FY 2022). Revenue: HK$266.6m (up 3.0% from FY 2022). Net income: HK$100.6m (up 92% from FY 2022). Profit margin: 38% (up from 20% in FY 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Mar 23
Tradelink Electronic Commerce Limited, Annual General Meeting, May 24, 2024 Tradelink Electronic Commerce Limited, Annual General Meeting, May 24, 2024. Announcement • Mar 09
Tradelink Electronic Commerce Limited to Report Fiscal Year 2023 Results on Mar 22, 2024 Tradelink Electronic Commerce Limited announced that they will report fiscal year 2023 results on Mar 22, 2024 Announcement • Feb 09
Tradelink Electronic Commerce Limited Announces Change of Company Secretary and Authorised Representative Tradelink Electronic Commerce Limited announces that TAI Kwok Hung ("Mr. TAI") was removed from the position of company secretary of the Company as determined by the Board with effect from 9 February 2024. Mr. TAI also ceased to act as an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 9 February 2024. The Board further announces that Mr. HO Kai Tak ("Mr. HO") has been appointed as the Company Secretary and an Authorised Representative in placement of Mr. TAI with effect from 9 February 2024. Mr. HO is a practising solicitor in Hong Kong and the founder of Chow & Ho, Solicitors. Mr. HO has over 20 years of experience in commercial law and corporate service matters, and has been providing legal and company secretary services to certain corporate enterprises in Hong Kong and overseas. Having obtained a bachelor's degree in social science at The Chinese University of Hong Kong majoring in government and public administration in 1982, Mr. HO attained the legal professional qualification in the United Kingdom in 1993. He has been a practicing solicitor in Hong Kong since 1995 and has been qualified as a Greater Bay Area lawyer since August 2022. Mr. HO is currently the company secretary of Chuan Holdings Limited, the shares of which are listed on the Main Board of the Stock Exchange. New Risk • Jan 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 6.8% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (107% cash payout ratio). Market cap is less than US$100m (€83.8m market cap, or US$90.5m). New Risk • Nov 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.8% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (107% cash payout ratio). Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (€83.2m market cap, or US$88.3m). Upcoming Dividend • Sep 14
Upcoming dividend of HK$0.037 per share at 7.1% yield Eligible shareholders must have bought the stock before 21 September 2023. Payment date: 06 October 2023. Payout ratio is on the higher end at 87%, and the cash payout ratio is above 100%. Trailing yield: 7.1%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.6%). Reported Earnings • Aug 23
First half 2023 earnings released: EPS: HK$0.049 (vs HK$0.018 in 1H 2022) First half 2023 results: EPS: HK$0.049 (up from HK$0.018 in 1H 2022). Revenue: HK$124.9m (flat on 1H 2022). Net income: HK$38.8m (up 167% from 1H 2022). Profit margin: 31% (up from 12% in 1H 2022). Announcement • Aug 23
Tradelink Electronic Commerce Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on 06 October 2023 Tradelink Electronic Commerce Limited announced Interim Dividend of HKD 0.037 per share for the Six Months Ended 30 June 2023. Ex-dividend date is 21 September 2023. Record date is 25 September 2023. Payment date is 06 October 2023. Announcement • Aug 13
Tradelink Electronic Commerce Limited Provides Earnings Guidance for the Six Months Ended June 30, 2023 Tradelink Electronic Commerce Limited provided earnings guidance for the six months ended June 30, 2023. For the period, the group is expected to record a profit attributable to shareholders of the Company to be in the range of 2.5 times to 2.7 times of the corresponding period in 2022. The surge was mainly attributable to the absence of fair value loss on investments in financial investments in the first half of 2023 (loss of HKD 25.9 million was recognised in corresponding period in 2022) and an increase in interest income in the current period from time deposits of proceeds of financial investments disposed of in 2022, albeit that the challenging trade environment has impacted, adversely but not significantly, core business for the current period. The good performance of the Group for the first six months ended 30 June 2023 is largely due to the adverse investment environment causing a significant drop in net profit for the six months ended 30 June 2022 which forms a low base for comparison with the same period this year. Announcement • Aug 09
Tradelink Electronic Commerce Limited to Report First Half, 2023 Results on Aug 22, 2023 Tradelink Electronic Commerce Limited announced that they will report first half, 2023 results on Aug 22, 2023 Buying Opportunity • May 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.1%. The fair value is estimated to be €0.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.6% over the last 3 years. Earnings per share has declined by 10%. Announcement • May 13
Tradelink Electronic Commerce Limited Announces Board Changes Tradelink Electronic Commerce Limited announces that Mr. HO Lap Kee, Sunny, J.P., M.H. ("Mr HO") has retired as Independent Non- executive Director of the Company in conformity with the Company's Policy of Board Diversity, Refreshment & Succession and Size; and Mr. LIN Sun Mo, Willy, GBS, MBE, JP, FCILT ("Mr LIN") is appointed as Independent Non-executive Director of the Company. The retirement of Mr. HO and the appointment of Mr. LIN both took effect after the conclusion of annual general meeting held on 12 May 2023. Mr. LIN Sun Mo, Willy, GBS, MBE, JP, FCILT, aged 63, holds a Bachelor of Science degree from Babson College in the United States of America and is the Managing Director of Milo's Knitwear (International) Limited. Mr. LIN has been an Independent Non-executive Director of Top Form International Limited (listed on the Hong Kong Main Board; stock code: 333) since May 2006 up till now. He also serves as the Chairman of the Compensation Committee of the Company and a member of both its Audit Committee and Nomination Committee. Mr. LIN was the Chairman of the Hong Kong Productivity Council from 6 August 2016 until 5 August 2022. He is currently the Chairman of the Hong Kong Shippers' Council and Honorary Chairman of the Textile Council of Hong Kong, a member of the HKSAR's Logistics Development Council, Maritime and Port Board, Trade and Industry Advisory Board, InnoHK Steering Committee, Honorary Trade Advisor of Ministry of Commerce of Thailand, and Honorary Consul of the Slovak Republic to Hong Kong and Macao. He had been the Chairman of the Hong Kong Export Credit Insurance and the Prince Philip Dental Hospital. Upcoming Dividend • May 10
Upcoming dividend of HK$0.074 per share at 6.7% yield Eligible shareholders must have bought the stock before 17 May 2023. Payment date: 31 May 2023. Payout ratio is on the higher end at 99%, and the cash payout ratio is above 100%. Trailing yield: 6.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.8%). Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: HK$0.066 (vs HK$0.093 in FY 2021) Full year 2022 results: EPS: HK$0.066 (down from HK$0.093 in FY 2021). Revenue: HK$258.8m (down 6.6% from FY 2021). Net income: HK$52.3m (down 29% from FY 2021). Profit margin: 20% (down from 27% in FY 2021). Announcement • Dec 17
Tradelink Electronic Commerce Limited Announces CFO Changes, Effective 1 January 2023 The board of directors of Tradelink Electronic Commerce Limited announced that due to personal reasons, Ms. CHU Pik Kwan has tendered resignation as the Chief Financial Officer of the Company with effect on 1 January 2023. Ms. PANG Kit Fong, currently Senior Vice President of Finance, has been appointed to succeed Ms. CHU to become the CFO with effect from 1 January 2023. Ms. PANG joined the Company in 2009. Prior to that, Ms. PANG worked in PricewaterhouseCoopers Ltd. for audit services. She holds a Bachelor's degree in Professional Accountancy from the Chinese University of Hong Kong. Ms. PANG is a member of Hong Kong Institute of Certified Public Accountants. She has over 17 years of experience in accounting, auditing and financial management. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 10 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Non-Executive Director Chi Yan Chan was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Sep 15
Upcoming dividend of HK$0.018 per share Eligible shareholders must have bought the stock before 22 September 2022. Payment date: 07 October 2022. The company is paying out more than 100% of its profits and is paying out 90% of its cash flow. Trailing yield: 9.1%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.7%). Announcement • Aug 24
Tradelink Electronic Commerce Limited Declares Interim Dividend for the Six Months Ended 30 June 2022, Payable on 07 October 2022 Tradelink Electronic Commerce Limited declared an interim dividend of HKD 0.0183 per share for the six months ended 30 June 2022. Ex-dividend date 22 September 2022. Record date 26 September 2022. Payment date 07 October 2022. Reported Earnings • Aug 23
First half 2022 earnings released: EPS: HK$0.018 (vs HK$0.038 in 1H 2021) First half 2022 results: EPS: HK$0.018 (down from HK$0.038 in 1H 2021). Revenue: HK$105.8m (down 18% from 1H 2021). Net income: HK$14.6m (down 52% from 1H 2021). Profit margin: 14% (down from 23% in 1H 2021). The decrease in margin was driven by lower revenue. Announcement • Aug 12
Tradelink Electronic Commerce Limited Provides Earnings Guidance for the Six Months Ended June 30, 2022 Tradelink Electronic Commerce Limited provided earnings guidance for the six months ended June 30, 2022. Group is expected to record a significant decrease in profit attributable to shareholders of the Company for the six months ended 30 June 2022 by around 50% as compared to the profit attributable to the shareholders of the Company for the corresponding period in 2021. Announcement • May 21
Tradelink Electronic Commerce Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ending 30 June 2022 Tradelink Electronic Commerce Limited provided unaudited consolidated earnings guidance for the six months ending 30 June 2022. For the year, the company expects to record a very significant decrease in profit attributable to shareholders of the Company for the six months ending 30 June 2022 as compared to the profit attributable to the shareholders of the Company for the corresponding period in 2021. Upcoming Dividend • May 04
Upcoming dividend of HK$0.065 per share Eligible shareholders must have bought the stock before 11 May 2022. Payment date: 25 May 2022. Payout ratio and cash payout ratio are on the higher end at 100% and 86% respectively. Trailing yield: 8.0%. Within top quartile of German dividend payers (4.1%). Higher than average of industry peers (1.3%). Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 10 highly experienced directors. 5 independent directors (7 non-independent directors). Independent Non-Executive Director Chi Yan Chan was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 01
Tradelink Electronic Commerce Limited, Annual General Meeting, May 06, 2022 Tradelink Electronic Commerce Limited, Annual General Meeting, May 06, 2022, at 14:00 China Standard Time. Location: at boardroom, 12/F, Tower B, Regent Centre, 63 Wo Yi Hop Road Kwai Chung Hong Kong Agenda: To receive and adopt the audited financial statements of the company, the directors' report and the report of the auditors for the year ended 31 December 2021; to declare a final dividend in respect of the year ended 31 December 2021; to consider the re-election of retiring directors; to authorize the Board to fix the remuneration of Directors; to re-appoint KPMG as auditors of the company and to authorize the Board to fix their remuneration; to allot, issue and deal with new shares or securities convertible into shares in the unissued share capital of the company; and to consider the other matters. Upcoming Dividend • Sep 16
Upcoming dividend of HK$0.028 per share Eligible shareholders must have bought the stock before 23 September 2021. Payment date: 08 October 2021. Trailing yield: 8.5%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (0.9%). Reported Earnings • Aug 27
First half 2021 earnings released: EPS HK$0.038 (vs HK$0.025 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$128.5m (up 7.4% from 1H 2020). Net income: HK$30.0m (up 49% from 1H 2020). Profit margin: 23% (up from 17% in 1H 2020). The increase in margin was primarily driven by higher revenue. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS HK$0.092 (vs HK$0.10 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: HK$277.8m (down 18% from FY 2019). Net income: HK$72.8m (down 11% from FY 2019). Profit margin: 26% (up from 24% in FY 2019). The increase in margin was driven by lower expenses. Announcement • Mar 10
Tradelink Electronic Commerce Limited to Report Fiscal Year 2020 Results on Mar 23, 2021 Tradelink Electronic Commerce Limited announced that they will report fiscal year 2020 results on Mar 23, 2021 
