Announcement • Jun 19
A-Smart Holdings Ltd. has filed a Follow-on Equity Offering in the amount of SGD 26.8781 million. A-Smart Holdings Ltd. has filed a Follow-on Equity Offering in the amount of SGD 26.8781 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 268,781,002
Price\Range: SGD 0.1
Transaction Features: Rights Offering Announcement • Nov 12
A-Smart Holdings Ltd., Annual General Meeting, Nov 28, 2025 A-Smart Holdings Ltd., Annual General Meeting, Nov 28, 2025, at 10:00 Singapore Standard Time. Location: lifelong learning institute at 11 eunos road 8, level 2 (event hall 2-2), singapore 408601, Singapore Announcement • Nov 13
A-Smart Holdings Ltd., Annual General Meeting, Nov 29, 2024 A-Smart Holdings Ltd., Annual General Meeting, Nov 29, 2024, at 10:00 Singapore Standard Time. Location: no. 2, allenby road, futsing building 02-01, singapore 209973, Singapore New Risk • Sep 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -S$8.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-S$8.5m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Minor Risks Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (€13.5m market cap, or US$15.1m). Announcement • Sep 27
A-Smart Holdings Ltd. Announces the Resignation of Chu Hongtao as Independent Director A-Smart Holdings Ltd. announced the resignation of Chu Hongtao as Independent Director. Reason For Cessation Ms Chu Hongtao resigned as an Independent Director of the Company to assume an executive position in the Company as Chief Operating Officer. Reported Earnings • Mar 18
First half 2024 earnings released: S$0.004 loss per share (vs S$0 in 1H 2023) First half 2024 results: S$0.004 loss per share (further deteriorated from S$0 in 1H 2023). Revenue: S$3.48m (up 25% from 1H 2023). Net loss: S$780.0k (down S$830.0k from profit in 1H 2023). New Risk • Mar 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 80% 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 Share price has been highly volatile over the past 3 months (30% average weekly change). High level of non-cash earnings (30% accrual ratio). Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Minor Risks Revenue is less than US$5m (S$6.3m revenue, or US$4.7m). Market cap is less than US$100m (€18.4m market cap, or US$20.0m). Announcement • Dec 20
A-Smart Holdings Ltd. Announces Changes Director and Changes in the Composition of the Board and Board Committees The Board of Directors of A-Smart Holdings Ltd. announced that Mr. Loo Kenneth has been re-designated from Non-Executive Director to Independent Director of the Company with effect from 20 December 2023. Upon his re-designation as an Independent Director of the Company, Mr. Loo will be appointed as a member of the Audit Committee, Nominating Committee and Remuneration Committee. In considering Mr. Loo's independence, the Board and the Nominating Committee have considered the following factors:- That Mr. Loo is currently designated as non-executive Director of the Company; On the date of Mr. Loo's initial appointment as Director of the Company, he was in a subordinate/superior relationship with Mr. Wong Swee Chun who was a substantial shareholder holding more than 5% of the Company's shares. Mr. Loo was considered non-independent as he was the Executive Director and Chief Operating Officer of Straits Construction Group Pte. Ltd. whereas Mr. Wong was the controlling shareholder as well as the Chairman of the Board of Straits Construction Group Pte. Ltd. Mr. Wong has ceased to be a substantial shareholder of the Company as his shareholding in the Company has remained below 5% for a period of more than one year. Meanwhile, Mr. Loo has demonstrated independence in his conduct, character and judgment, and has maintained no relationship with the Company, its related corporations, its substantial shareholders or its officers that could interfere, or be reasonably perceived to interfere, with the exercise of the director's independent business judgement in the best interests of the Company. Consequent to the above-mentioned changes, the composition of the Board and Board Committees of the Company shall be reconstituted as follows: Board of Directors - Mr. Ma Weidong as (Non-Executive Chairman; Mr. Lim Huan Chiang as (Executive Director and Chief Executive Officer); Mr. Sam Chong Keen as (Lead Independent Director); Mr. Darlington Tseng Te-Lin as (Non-Executive Director); Mr. Loo Kenneth as (Independent Director) and; Ms. Chu Hongtao as (Independent Director). Audit Committee - Ms. Chu Hongtao as (Chairman); Mr. Darlington Tseng Te-Lin; Mr. Sam Chong Keen and; Mr. Loo Kenneth. Remuneration Committee - Ms. Chu Hongtao as (Chairman); Mr. Ma Weidong; Mr. Sam Chong Keen and; Mr. Loo Kenneth. Nominating Committee - Ms. Chu Hongtao as (Chairman); Mr. Ma Weidong; Mr. Sam Chong Keen and; Mr. Loo Kenneth. Announcement • Nov 17
A-Smart Holdings Ltd., Annual General Meeting, Nov 29, 2023 A-Smart Holdings Ltd., Annual General Meeting, Nov 29, 2023, at 10:00 Singapore Standard Time. Location: 11 Eunos Road 8 Level 2 Training Room 2-2 Singapore Singapore Agenda: To receive and adopt the Directors' Statement and the Audited Financial Statements of the Company and the Group for the financial year ended July 31, 2023 together with the Auditors' Report thereon; to approve the payment of Directors' fees of S$88,128 for the financial year ended July 31, 2023; to re-elect the following Directors of the Company who retire pursuant to Regulations 94(2) of the Constitution of the Company; To re-appoint Messrs CLA Global TS Public Accounting Corporation as the Auditors of the Company and to authorise the Directors of the Company to fix their remuneration; and to consider other matters. Announcement • Oct 31
A-Smart Holdings Ltd. Announces Change of Company Secretaries The Board of Directors (the "Board" or the "Directors") of A-Smart Holdings Ltd. (the "Company", and together with its subsidiaries, the "Group") wishes to announce that Ms Sharon Lim Siew Choo and Mr. Chin Yee Seng have been appointed as Company Secretaries of the Company with effect from 30 October 2023 in place of Ms Shirley Tan Sey Liy who has resigned as the Company Secretary of the Company with effect from 30 October 2023. The Board of Directors would like to take this opportunity to thank Ms Shirley Tan Sey Liy for her past services during her tenure as the Company Secretary. Reported Earnings • Sep 28
Full year 2023 earnings released Full year 2023 results: Revenue: S$6.65m (up 8.2% from FY 2022). Net income: S$113.0k (up S$1.21m from FY 2022). Profit margin: 1.7% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Reported Earnings • Mar 16
First half 2023 earnings released First half 2023 results: Revenue: S$2.87m (down 16% from 1H 2022). Net income: S$50.0k (up S$208.0k from 1H 2022). Profit margin: 1.7% (up from net loss in 1H 2022). The move to profitability was driven by lower expenses. Board Change • Feb 06
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. 4 experienced directors. 2 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Director Hongtao Chu 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. 
