Announcement • Jan 17
Chiho Environmental Group Limited Announces Resignation of Executive Director Liu Yongxin, Effective January 15, 2026 Chiho Environmental Group Limited announced that Mr. Liu Yongxin resigned as an executive director of the Company with effect from January 15, 2026 due to his other work commitments. As at the date of this announcement, the Board comprises Executive Directors: Mr. Tu Jianhua, Mr. Qin Yongming (Chairman), and Mr. Ju Qinghao; Independent Non-Executive Directors: Prof. Li Zhiguo, Mr. Szeto Yuk Ting, and Ms. Leung Pui Yee. Announcement • Jun 05
Chiho Environmental Group Limited Announces Inside Information Issue of A Writ of Summons Chiho Environmental Group Limited announced a facility agreement (the "Facility Agreement") entered into between the Company and certain independent third party institutions in relation to a syndicated term loan of up to USD 300,000,000; (ii) 3 April 2024 in relation to the payment default of the Facility Agreement; and (iii) 20 May 2025 (the "20 May Announcement") in relation to the appointment of receivers ("Receivers") over the shares of certain wholly-owned subsidiaries of the Company. Unless otherwise defined, capitalized terms used herein shall have the same meanings as those defined in the 20 May Announcement. As disclosed in the 20 May Announcement, the Group received notices from FTI Consulting pursuant to which, among others, that joint and several Receivers were purportedly appointed in respect of the charged shares in CRD, CRIH and CTRL under the Share Charges. The Company considers that the purported appointment of Receivers are invalid and void. On 5 June 2025, the Company, CRD, CRIH and Total Pioneer Holdings Limited, a wholly-owned subsidiary of the Company, as plaintiffs filed a writ with the High Court of the Hong Kong Special Administrative Region against, inter alia, the Receivers seeking, among others, (i) a declaration that the appointment of the Receivers and manager of the entire issued shares of CRD, CRIH and CTRL are invalid and void; (ii) a declaration that all acts of the Receivers in the purported capacity of receiver(s) and manager(s) of the entire share capital of CRD, CRIH and CTRL are invalid and void; and (iii) an injunction restraining the Receivers from acting (including exercising any powers given to a receiver or manager under the Facility Agreement, Share Charges or other finance documents) or holding out or representing to the public or any third party to be receivers and managers of CRD, CRIH and CTRL. Announcement • Mar 18
Chiho Environmental Group Limited to Report Fiscal Year 2024 Results on Mar 31, 2025 Chiho Environmental Group Limited announced that they will report fiscal year 2024 results on Mar 31, 2025 New Risk • Dec 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €95.6m (US$99.2m) This is considered a minor 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 Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risk Market cap is less than US$100m (€95.6m market cap, or US$99.2m). Announcement • Nov 21
Chiho Environmental Group Limited Announces Resignation of Wang Li as Executive Director The board of directors of Chiho Environmental Group Limited announced that Mr. Wang Li ("Mr. Wang") resigned as an executive director of the Company with effect from 18 November 2024 due to work and health reasons. Mr. Wang has confirmed that he has no disagreement with the Board and there are no other matters that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited in relation to his resignation as an executive director of the Company. Reported Earnings • Sep 02
First half 2024 earnings released: EPS: HK$0.031 (vs HK$0.033 in 1H 2023) First half 2024 results: EPS: HK$0.031 (down from HK$0.033 in 1H 2023). Revenue: HK$8.85b (flat on 1H 2023). Net income: HK$50.5m (down 5.1% from 1H 2023). Profit margin: 0.6% (in line with 1H 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Aug 21
Chiho Environmental Group Limited Appoints Leung Pui Yee as Independent Non-Executive Director The board of directors of Chiho Environmental Group Limited announced that Ms. Leung Pui Yee ("Ms. Leung") has been appointed as an independent non-executive Director with effect from 21 August 2024. Set out below are the biographical details of Ms. Leung: Ms. Leung Pui Yee, aged 46, has over 20 years of experience in accounting and financial management. Ms. Leung is currently a board committee member and treasurer of TTR Trailwalker Teaching Room Charity Foundation Limited, an exempted charitable organization registered in Hong Kong. She is mainly engaged in preparing funding proposals and handling all accounting related issues. Between May 2011 and May 2021, she served various positions including, the financial controller, the chief financial officer and company secretary of Evergreen Products Group Limited (stock code: 1962), a company whose shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). She was mainly responsible for supervising financial reporting, corporate finance, treasury, tax and other financial related matters, and overseeing investment activities and transactions. From September 2003 to February 2011, Ms. Leung worked at Deloitte Touche Tohmatsu, an international accounting firm, and her last position was audit manager. Ms. Leung obtained a Bachelor of Arts degree in Accountancy from the Hong Kong Polytechnic University in November 2003. Ms. Leung has been a certified public accountant of the Hong Kong Institute of Certified Public Accountants since February 2011. She is a
fellow member of the Association of Chartered Certified Accountants and a member of the Hong Kong Institute of Certified Public Accountants. Ms. Leung has been appointed as the chairlady of the audit committee of the Company and a member of each of the Remuneration Committee and the nomination committee of the Company with effect from 21 August 2024. Announcement • Aug 16
Chiho Environmental Group Limited to Report First Half, 2024 Results on Aug 28, 2024 Chiho Environmental Group Limited announced that they will report first half, 2024 results on Aug 28, 2024 Announcement • Jun 25
Chiho Environmental Group Limited Announces Resignation of Zhang Wei as Chief Executive Officer The board of directors of Chiho Environmental Group Limited announced that Mr. Zhang Wei has tendered his resignation as the chief executive officer of the Company with effect from 25 June 2024 due to the need to spend more time on his other personal commitments. Mr. Zhang has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. The Group is in the process of identifying a suitable candidate to fill the vacancy of the Chief Executive Officer. Announcement • May 25
Chiho Environmental Group Limited Announces Resignation of Yan Guowan as an Independent Non-Executive Director, Chairlady of the Audit Committee and Member of Nomination and Remuneration Committee The board of directors of Chiho Environmental Group Limited announced that Prof. Yan Guowan has tendered her resignation as an independent non-executive Director with effect from 24 May 2024 due to her desire to devote more time on other personal endeavors. Upon her resignation, Prof. Yan ceased to be a chairlady of the audit committee and a member of each of the nomination committee and the remuneration committee of the Company. Prof. Yan has confirmed that she has no disagreement with the Board and there is no matter in relation to her resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. Board Change • Apr 25
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. 1 highly experienced director. 3 independent directors (6 non-independent directors). Executive Director Jianhua Tu is the most experienced director on the board, commencing their role in 2015. Independent Non-Executive Director Yuk Ting Szeto was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 23
Chiho Environmental Group Limited to Report Fiscal Year 2023 Results on Apr 23, 2024 Chiho Environmental Group Limited announced that they will report fiscal year 2023 results on Apr 23, 2024 New Risk • Apr 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 Risk Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). New Risk • Mar 19
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 11% 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 Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Announcement • Mar 16
Chiho Environmental Group Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Chiho Environmental Group Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Announcement • Dec 19
Chiho Environmental Group Limited Appoints Liu Yongxin as an Executive Director The board of directors of Chiho Environmental Group Limited announced that Mr. Liu Yongxin (‘Mr. Liu’) has been appointed as an executive director of the company with effect from 19 December 2023. Mr. Liu, aged 38, holds a master's degree from Remin University of China Law School, majoring in Civil and Commercial Law. Mr. Liu is an Intermediate Economist of the PRC. Since December 2017, Mr. Liu has joined ABC Financial Assets Investment Co. Ltd. as a senior manager and was subsequently promoted as an investment director. Prior to that, Mr. Liu had approximately seven years' working experience at Beijing International Trust Co. Ltd. and Agricultural Bank of China, with expertise in asset management. The Company has entered into a letter of appointment with Mr. Liu for his appointment for an initial term of one year commencing from 19 December 2023, subject to termination in certain circumstances as stipulated in the letter of appointment and retirement and the re-election provisions in accordance with the Articles of Association of the Company. Mr. Liu shall hold office until the next annual general meeting of the Company, where he shall be eligible for re-election, and thereafter subject to retirement by rotation at least once every three years and will be eligible for re-election at each annual general meeting of the company in accordance with the company's articles of association. Announcement • Dec 14
Chiho Environmental Group Limited Announces the Resignation of Zhang Wei as Executive Director The board of directors of Chiho Environmental Group Limited announced that with effect from 14 December 2023, Mr. Zhang Wei resigned as an executive director of the Company due to job adjustment and he remains as the chief executive officer of the Company. Mr. Zhang has confirmed that he has no disagreement with the Board and there are no other matters that need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited in relation to his resignation as an executive director of the Company. Reported Earnings • Aug 25
First half 2023 earnings released: EPS: HK$0.033 (vs HK$0.12 in 1H 2022) First half 2023 results: EPS: HK$0.033 (down from HK$0.12 in 1H 2022). Revenue: HK$8.82b (down 25% from 1H 2022). Net income: HK$53.2m (down 73% from 1H 2022). Profit margin: 0.6% (down from 1.7% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Aug 15
Chiho Environmental Group Limited to Report First Half, 2023 Results on Aug 24, 2023 Chiho Environmental Group Limited announced that they will report first half, 2023 results on Aug 24, 2023 Reported Earnings • Mar 30
Full year 2022 earnings released Full year 2022 results: Revenue: HK$19.6b (down 11% from FY 2021). Net income: HK$264.5m (down 62% from FY 2021). Profit margin: 1.4% (down from 3.2% in FY 2021). Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (5 non-independent directors). Executive Director Jianhua Tu is the most experienced director on the board, commencing their role in 2015. Independent Non-Executive Director Yuk Ting Szeto was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Buying Opportunity • Sep 21
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 13%. 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 grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 26
First half 2022 earnings released: EPS: HK$0.12 (vs HK$0.14 in 1H 2021) First half 2022 results: EPS: HK$0.12 (down from HK$0.14 in 1H 2021). Revenue: HK$11.8b (up 5.9% from 1H 2021). Net income: HK$199.5m (down 12% from 1H 2021). Profit margin: 1.7% (down from 2.0% in 1H 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Aug 16
Chiho Environmental Group Limited to Report First Half, 2022 Results on Aug 25, 2022 Chiho Environmental Group Limited announced that they will report first half, 2022 results on Aug 25, 2022 Reported Earnings • Jun 17
Full year 2021 earnings released: EPS: HK$0.44 (vs HK$0.53 loss in FY 2020) Full year 2021 results: EPS: HK$0.44 (up from HK$0.53 loss in FY 2020). Revenue: HK$22.0b (up 64% from FY 2020). Net income: HK$702.0m (up HK$1.55b from FY 2020). Profit margin: 3.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Jun 14
Chiho Environmental Group Limited, Annual General Meeting, Jul 21, 2022 Chiho Environmental Group Limited, Annual General Meeting, Jul 21, 2022, at 10:00 China Standard Time. Location: 23/F., Infinitus Plaza, 199 Des Voeux Road Central, Hong Kong Hong Kong Agenda: To review and approve the audited consolidated financial statements, the report of the directors of the Company and the report of the independent auditor of the Company for the year ended 31 December 2021; to authorize the board of Directors of the Company to fix the Directors' remuneration; to re-appoint PricewaterhouseCoopers as auditor of the Company and to authorise the Board to fix its remuneration; to approve a general mandate to the Directors to issue new shares of the Company; to approve a general mandate to the Directors to repurchase shares of the Company; and to discuss other matters. Announcement • Jun 10
Chiho Environmental Group Limited Appoints Wang Li as Independent Non-Executive Director The board of directors of Chiho Environmental Group Limited to announced that Mr. Wang Li has been appointed as an independent non-executive director of the Company with effect from 9 June 2022. Mr. Wang, aged 34, holds a master's degree from Rutgers, the State University of New Jersey, majoring in quantitative finance. Mr. Wang is currently the managing director of the Alternative Asset Management Department of Haitong International Securities Group Limited. He is also currently an executive director of Millennium Pacific Group Holdings Limited. Mr. Wang has extensive experience in asset management, corporate finance and merger and acquisition, corporate actions of listed company and derivatives trading, and has participated in a number of deals relating to such areas. Announcement • Jun 01
Chiho Environmental Group Limited to Report Fiscal Year 2021 Results on Jun 13, 2022 Chiho Environmental Group Limited announced that they will report fiscal year 2021 results on Jun 13, 2022 Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Executive Director Jianhua Tu is the most experienced director on the board, commencing their role in 2015. Independent Non-Executive Director Yuk Ting Szeto was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: HK$0.44 (vs HK$0.53 loss in FY 2020) Full year 2021 results: EPS: HK$0.44 (up from HK$0.53 loss in FY 2020). Revenue: HK$22.0b (up 64% from FY 2020). Net income: HK$702.0m (up HK$1.55b from FY 2020). Profit margin: 3.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Mar 23
Chiho Environmental Group Limited to Report Fiscal Year 2021 Results on Mar 31, 2022 Chiho Environmental Group Limited announced that they will report fiscal year 2021 results on Mar 31, 2022 Announcement • Mar 06
Chiho Environmental Group Limited Announces Executive Appointments The board of directors of Chiho Environmental Group Limited announced that Ms. Yan Guowan and Mr. Szeto Yuk Ting have been appointed as independent non-executive directors of the Company with effect from 4 March 2022. Announcement • Mar 03
Chiho Environmental Group Limited Provides Earnings Guidance for the Year Ended 31 December 2021 Chiho Environmental Group Limited provided earnings guidance for the year ended 31 December 2021. For the year, the Group is expected to record a net profit of not less than HKD 640.0 million for the Year 2021, representing a turnaround from a loss of HKD 864.2 million for the year ended 31 December 2020 and revenue of not less than HKD 21.5 billion for the Year 2021, representing at least 60% growth compared to Year 2020. Reported Earnings • Aug 28
First half 2021 earnings released: EPS HK$0.14 (vs HK$0.17 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$11.2b (up 91% from 1H 2020). Net income: HK$226.3m (up HK$505.0m from 1H 2020). Profit margin: 2.0% (up from net loss in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Apr 30
Independent Non-Executive Director recently sold €25k worth of stock On the 27th of April, Hoi Lam Loke sold around 730k shares on-market at roughly €0.035 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Apr 30
Full year 2020 earnings released: HK$0.53 loss per share (vs HK$0.08 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: HK$13.4b (down 13% from FY 2019). Net loss: HK$848.1m (loss widened HK$719.4m from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 02
Full year 2020 earnings released: HK$0.53 loss per share (vs HK$0.08 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: HK$13.4b (down 13% from FY 2019). Net loss: HK$848.1m (loss widened HK$719.4m from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Announcement • Mar 19
Chiho Environmental Group Limited to Report Fiscal Year 2020 Results on Mar 30, 2021 Chiho Environmental Group Limited announced that they will report fiscal year 2020 results on Mar 30, 2021 Announcement • Mar 07
Chiho Environmental Group Limited Announces Management Changes The board of Chiho Environmental Group Limited announced that with effect from 3 March 2021: Mr. Chen Chunguo has resigned as an executive Director and has ceased to be the chairman of the Board and the chairman of each of the Executive Committee, the Nomination Committee, the Strategy and Investment Committee and the Pricing Committee. The Board further announces that with effect from 5 March 2021: Mr. Ding Zhiyi has resigned as an executive Director and a member of each of the Executive Committee, the Strategy and Investment Committee and the Pricing Committee; Ms. Yang Yali has resigned as an independent non-executive Director, the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee; Mr. Wang Qiwei has resigned as an independent non-executive Director and a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee; Mr. Ko Frankie Andrew has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee and a member of each of the Audit Committee, the Nomination Committee and the Strategy and Investment Committee; Ms. Lam Pui Sea has resigned as the company secretary and the Authorized Representative; and Ms. So Shuk Yi Betty has been appointed as the company secretary and the authorized Representative. Executive Departure • Mar 07
Independent Non-Executive Director has left the company On the 5th of March, Yali Yang's tenure as Independent Non-Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Yali's name. A total of 8 executives have left over the last 12 months. Executive Departure • Mar 06
Executive Chairman Chunguo Chen has left the company On the 3rd of March, Chunguo Chen's tenure as Executive Chairman ended after less than a year in the role. We don't have any record of a personal shareholding under Chunguo's name. A total of 8 executives have left over the last 12 months. Announcement • Dec 30
Chiho Environmental Group Limited Announces Board Changes The board (the " Board ") of directors of Chiho Environmental Group Limited announced that each of Mr. Ding Zhiyi ("Mr. Ding") and Mr. Miao Yu ("Mr. Miao") has been appointed as an executive Director, and a member of each of the executive committee of the Company (the "Executive Committee"), the strategy and investment committee of the Company (the "Strategy and Investment Committee") and the pricing committee of the Company (the "Pricing Committee") with effect from 29 December 2020. The Board announced that Ms. Qian Liping ("Ms. Qian") has resigned as an independent non- executive Director and a member of each of the audit committee of the Company (the "Audit Committee"), the nomination committee of the Company (the "Nomination Committee") and the remuneration committee of the Company (the "Remuneration Committee") with effect from 29 December 2020, due to her other personal commitment. The Board further announced Mr. Ko Frankie Andrew has resigned as an independent non-executive Director, the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee with effect from 29 December 2020, due to his other personal commitment. The Board is also announced that with effect from 29 December 2020, each of Ms. Yang Yali ("Ms. Yang") and Mr. Wang Qiwei ("Mr. Wang") has been appointed as an independent non-executive Director following the resignations of Ms. Qian and Mr. Ko. Mr. Ding Zhiyi, held senior positions in China Huarong International Holdings Limited, the subsidiary of China Huarong Asset Management Co. Ltd. (shares of which are listed on the main board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") with stock code 2799) in 2014 to 2019, including assistant to the general manager and the general manager of the business review division. He was the head of the corporate finance department of CCB International (Shanghai) Limited before 2014. Mr. Miao Yu, served as the investment and financing director of China General Consulting and Investment Co. Ltd. from 2017 to 2019 and the senior vice president of Tensant Securities Limited from 2015 to 2017. Ms. Yang Yali, acted as the senior legal consultant of Tencent Music (Beijing) Company Limited from May 2018 to May 2020 and the senior researcher for criminal law of Tencent Technology (Beijing) Company Limited from March 2017 to May 2018. She held the positions as the prosecutor and assistant prosecutor of Beijing Municipal People's Procuratorate from July 2011 to March 2017. Mr. Wang Qiwei, is specialized in sale and marketing planning, research and analysis, and he is also experienced in retails operations and management, administrative management and staff training. Mr. Wang is also appointed as a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee. Announcement • Dec 18
Chiho Environmental Group Limited Announces Board Changes The board of directors of Chiho Environmental Group Limited announced that Mr. Qin Yongming has ceased to be an executive Director, chairman of the Board and chairman of each of the executive committee (the Executive Committee), the nomination committee (the Nomination Committee) and the strategy and investment committee (the Strategy and Investment Committee) and the pricing committee (the Pricing Committee) with effect from 16 December 2020, as he would like to focus on and devote more time to his other business and personal commitments. Mr. Qin has confirmed to the Board that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company (the Shareholders) and The Stock Exchange of Hong Kong Limited (the Stock Exchange). The board announced that Mr. Chen Chunguo ("Mr. Chen") has been appointed as an executive Director the chairman of the Board and chairman of each of the Executive Committee, the Nomination Committee and the Strategy and Investment Committee, and the Pricing Committee with effect from 16 December 2020. Reported Earnings • Sep 18
First half earnings released Over the last 12 months the company has reported total losses of HK$409.4m, with earnings decreasing by HK$479.9m from the prior year. Total revenue was HK$12.5b over the last 12 months, down 33% from the prior year. Announcement • Aug 18
Chiho Environmental Group Limited to Report First Half, 2020 Results on Aug 27, 2020 Chiho Environmental Group Limited announced that they will report first half, 2020 results on Aug 27, 2020