Announcement • May 28
Luen Thai Holdings Limited Announces Board and Board Committees Changes, Effective 28 May 2026 Luen Thai Holdings Limited at its annual general meeting 28 May 2026, approved to elect Mr. Luo Guihua as an independent non-executive director of the Company, and his appointment took effect from the conclusion of the AGM. Mr. Luo, aged 60, obtained the doctoral degree of Philosophy from University of South Carolina in 2025, master degree in engineering from East China University of Science and Technology in 1990 and his degree in master of business administration through the Executive MBA programme of China Europe International Business School in 2008. He also holds the qualification as a senior engineer. Mr. Luo has more than 28 years of practical experience in information technology, international trade, port and shipping logistics, and port digitalization. He is well-versed in corporate strategy, product and technology innovation, and organizational capability development. He is currently chairman of Shanghai Metinform System Co. Ltd., and concurrently serves as vice president of the Science and Technology Application Branch of the China Association of Port-of-Entry, vice president of the Shanghai International Trade Society, vice president of the Shanghai Free Trade Zone Association, and vice president of the Shanghai Cross-Border E-Commerce Association. Mr. Luo has founded and operated multiple port and shipping logistics information platforms, including "Shipping Business Network", "ETC Network", "Shanghai Electronic Port", "Trade Cloud", and "Smart Trade Cloud". He has long participated in government research projects and industry consulting work, and has deep insights into the digitalization and intelligent application of international trade and port operations. Mr. Luo is currently an independent non-executive director of South Manganese Investment Limited. Mr. Luo was also served as an independent director of two companies listed on the Shenzhen Stock Exchange -- Shanghai Yanhua Smartech Group Co. Ltd. from 2012 to 2018 and Jiangsu Feiliks International Logistics Inc. from 2014 to 2015. As mentioned in the Circular, Mr. Lee Cheuk Yin, Dannis ("Mr. Lee") has decided not to offer himself for re-election as Director at the AGM as he would like to devote more time to his other endeavours. The Board announced that, immediately after the conclusion of the AGM held on 28 May 2026, Mr. Lee retired from his office as an INED. The Board further announced the following changes in the composition of the following Board Committees of the Company with effect from the conclusion of the AGM: (i) Mr. Lee ceased to be the chairman of the audit committee of the Company and a member of each of the remuneration committee and the nomination committee of the company; (ii) Mr. Luo has been appointed as a member of each of the audit committee, the remuneration committee and the nomination committee of the Company; and (iii) Ms. Shi Min has been appointed as the chairman of the audit committee of the company. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Min Shi was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 26
Luen Thai Holdings Limited, Annual General Meeting, May 28, 2026 Luen Thai Holdings Limited, Annual General Meeting, May 28, 2026. Announcement • Mar 11
Luen Thai Holdings Limited to Report Fiscal Year 2025 Results on Mar 26, 2026 Luen Thai Holdings Limited announced that they will report fiscal year 2025 results on Mar 26, 2026 Announcement • Aug 15
Luen Thai Holdings Limited to Report First Half, 2025 Results on Aug 27, 2025 Luen Thai Holdings Limited announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • Mar 28
Luen Thai Holdings Limited, Annual General Meeting, May 29, 2025 Luen Thai Holdings Limited, Annual General Meeting, May 29, 2025. Announcement • Mar 14
Luen Thai Holdings Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Luen Thai Holdings Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 New Risk • Aug 29
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (52% average weekly change). Earnings have declined by 22% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€20.4m market cap, or US$22.7m). Announcement • Aug 14
Luen Thai Holdings Limited to Report First Half, 2024 Results on Aug 28, 2024 Luen Thai Holdings Limited announced that they will report first half, 2024 results on Aug 28, 2024 Announcement • Apr 26
Luen Thai Holdings Limited, Annual General Meeting, May 30, 2024 Luen Thai Holdings Limited, Annual General Meeting, May 30, 2024, at 15:00 China Standard Time. Location: Boardroom, 10th Floor, Nanyang Plaza 57 Hung To Road, Kwun Tong Kowloon Hong Kong Agenda: To receive, consider and adopt the audited consolidated accounts and the reports of the directors and of the auditors for the year ended 31 December 2023; to re-elect Dr. Tan Siu Lin as an executive director of the Company; to re-elect Mr. Tan Cho Lung Raymond as an executive director of the Company; to re-elect Mr. Chan Henry as an independent non-executive director of the Company; to re-elect Ms. Fok Yue San Sandy as a non-executive director of the Company; to authorize the board of directors of the Company to fix the directors' remuneration; and to consider other matters. Reported Earnings • Mar 27
Full year 2023 earnings released: US$0.006 loss per share (vs US$0.013 profit in FY 2022) Full year 2023 results: US$0.006 loss per share (down from US$0.013 profit in FY 2022). Revenue: US$696.6m (down 19% from FY 2022). Net loss: US$6.01m (down 146% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Announcement • Mar 12
Luen Thai Holdings Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Luen Thai Holdings Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Reported Earnings • Oct 11
First half 2023 earnings released: EPS: US$0 (vs US$0.007 in 1H 2022) First half 2023 results: EPS: US$0 (down from US$0.007 in 1H 2022). Revenue: US$340.2m (down 27% from 1H 2022). Net income: US$284.0k (down 96% from 1H 2022). Profit margin: 0.1% (down from 1.6% in 1H 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Oct 11
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Dannis Lee was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 16
Luen Thai Holdings Limited to Report First Half, 2023 Results on Aug 28, 2023 Luen Thai Holdings Limited announced that they will report first half, 2023 results on Aug 28, 2023 Announcement • Jul 18
Luen Thai Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended 30 June 2023 Luen Thai Holdings Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2023. For the period, the profit attributable to owners of the Company is expected to range from approximately USD 0.8 million to USD 1.2 million for the six months ended 30 June 2023, representing a year-on-year decrease ranging from 84.2% to 89.5%. The profit attributable to owners of the Company for the corresponding period in 2022 was approximately USD 7.6 million. the Company for the corresponding period in 2022 was approximately USD 7.6 million. Upcoming Dividend • May 29
Upcoming dividend of HK$0.021 per share at 10% yield Eligible shareholders must have bought the stock before 05 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (0.9%). Announcement • May 27
Luen Thai Holdings Limited Approves Resignation of Board Members Luen Thai Holdings Limited announced that Mr. Qu Zhiming, Mr. Huang Jie and Mr. Seing Nea Yie has decided not to offer himself for re-election as Director at the AGM due to their respective personal retirement plan. The Board announces that, immediately after the conclusion of the AGM held on 25 May 2023, each of Mr. Qu and Mr. Huang retired from their respective office as an executive Director and Mr. Seing retired from his office as an independent non-executive Director. Upon Mr. Qu's retirement, he also stepped down as the chairman of the Board. Announcement • May 26
Luen Thai Holdings Limited Announces Board Changes Luen Thai Holdings Limited at its AGM held on May 25, 2023 approved to elect Mr. Wang Weimin as an executive director of the Company. To elect Mr. Jin Xin as an executive director of the Company. To elect Mr. Lee Cheuk Yin, Dannis as an independent non-executive director of the Company. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: US$0.013 (vs US$0.011 in FY 2021) Full year 2022 results: EPS: US$0.013 (up from US$0.011 in FY 2021). Revenue: US$858.9m (up 7.9% from FY 2021). Net income: US$13.1m (up 17% from FY 2021). Profit margin: 1.5% (up from 1.4% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Jim Wang was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Oct 29
Now 27% undervalued after recent price drop Over the last 90 days, the stock is down 28%. The fair value is estimated to be €0.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.4% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • Sep 23
Upcoming dividend of HK$0.017 per share Eligible shareholders must have bought the stock before 30 September 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 8.2%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.1%). Announcement • Aug 27
Luen Thai Holdings Limited Announces Dividend for the Six Months Ended 30 June 2022, Payable on 28 October 2022 Luen Thai Holdings Limited announced a dividend of USD 0.0022 per share for the six months ended 30 June 2022. The record date is on 06 October 2022 and the payment date is on 28 October 2022. The ex-dividend date is on 30 September 2022. Reported Earnings • Aug 27
First half 2022 earnings released: EPS: US$0.007 (vs US$0.001 in 1H 2021) First half 2022 results: EPS: US$0.007 (up from US$0.001 in 1H 2021). Revenue: US$462.8m (up 39% from 1H 2021). Net income: US$7.60m (up US$6.64m from 1H 2021). Profit margin: 1.6% (up from 0.3% in 1H 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Jul 16
Luen Thai Holdings Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022 Luen Thai Holdings Limited provided earnings guidance for the six months ended 30 June 2022. For the period, the Company is expected to record a net profit attributable to owners of the Company between USD 7 million and USD 8 million for the Relevant Period, as compared to a net profit attributable to owners of the Company of approximately USD 958,000 in the corresponding period in 2021. Upcoming Dividend • May 30
Upcoming dividend of HK$0.025 per share Eligible shareholders must have bought the stock before 06 June 2022. Payment date: 08 July 2022. Trailing yield: 5.8%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (1.6%). Reported Earnings • May 02
Full year 2021 earnings released: EPS: US$0.011 (vs US$0.027 loss in FY 2020) Full year 2021 results: EPS: US$0.011 (up from US$0.027 loss in FY 2020). Revenue: US$795.7m (up 14% from FY 2020). Net income: US$11.2m (up US$39.2m from FY 2020). Profit margin: 1.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Jim Wang was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 29
Full year 2021 earnings released: EPS: US$0.011 (vs US$0.027 loss in FY 2020) Full year 2021 results: EPS: US$0.011 (up from US$0.027 loss in FY 2020). Revenue: US$795.7m (up 14% from FY 2020). Net income: US$11.2m (up US$39.2m from FY 2020). Profit margin: 1.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Announcement • Jan 20
Luen Thai Holdings Limited Provides Earnings Guidance for the Year Ended 31 December 2021 Luen Thai Holdings Limited announced that as disclosed in the announcement of interim results of the Group for the six months ended 30 June 2021 published on 26 August 2021, the Group had a turnaround from net loss to net profit for the six months ended 30 June 2021. As the recovery trend continued in the second half of 2021, the board of directors of the Company informed the shareholders and potential investors of the Company that, based on the review of the information currently available to the Board for the year ended 31 December 2021, the Company is expected to record a net profit attributable to owners of the Company between USD 10.0 million and USD 12.0 million for the Relevant Year, as compared to a net loss attributable to owners of the Company of approximately USD 28.0 million for the year ended 31 December 2020. The Board considers that the expected turnaround from net loss to net profit in the Relevant Year is primarily attributable to the following: the gradual resumption of the Group's manufacturing processes throughout the Relevant Year due to the relaxation of COVID-19 related government measures in various production countries which previously had negative impacts on the production schedules and order allocations of the Group's production facilities; the continued implementation of certain stringent cost control measures throughout the Relevant Year and restructuring initiatives which successfully reduced the base costs of the Group's operations; and the gradual increase in sales of the Group in view of the recovery of the retail markets and the relaxation of COVID-19 related social distancing measures in the relevant countries. While the Board considers the market sentiment is continuously improving, nevertheless, the unprecedented circumstances brought about by the COVID-19 pandemic continue to pose challenges to the business of the Group. The Group's management will continue to take proactive measures to mitigate the operational risks of the Group, enhance operational efficiency, reduce costs and tightly manage its cash flow. The Group will also continue to closely monitor the market conditions and the developments of the COVID-19 pandemic, and will make timely adjustments to its business strategies when necessary. Reported Earnings • Aug 28
First half 2021 earnings released: EPS US$0.001 (vs US$0.018 loss in 1H 2020) The company reported a solid first half result with improved earnings and profit margins, although revenues were flat. First half 2021 results: Revenue: US$334.2m (flat on 1H 2020). Net income: US$958.0k (up US$19.6m from 1H 2020). Profit margin: 0.3% (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 59 percentage points per year, which is a significant difference in performance. Announcement • Jul 20
Luen Thai Holdings Limited Provides Earnings Guidance for the Six Months Ended June 30, 2021 The board of directors of Luen Thai Holdings Limited announced earnings guidance for the six months ended 30 June 2021, the Company is expected to record a net profit attributable to owners of the Company between USD 100,000 and USD 1 million for the Relevant Period, as compared to a net loss attributable to owners of the Company of approximately USD 18.7 million in the corresponding period in 2020. Reported Earnings • Apr 25
Full year 2020 earnings released: US$0.027 loss per share (vs US$0.024 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$697.3m (down 28% from FY 2019). Net loss: US$28.0m (down 211% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 26 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 30
Full year 2020 earnings released: US$0.027 loss per share (vs US$0.024 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$697.3m (down 28% from FY 2019). Net loss: US$28.0m (down 211% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance. Announcement • Mar 11
Luen Thai Holdings Limited to Report Fiscal Year 2020 Results on Mar 29, 2021 Luen Thai Holdings Limited announced that they will report fiscal year 2020 results on Mar 29, 2021 Announcement • Aug 26
Luen Thai Holdings Limited Not to Declare an Interim Dividend for the Six Months Ended 30 June 2020 The Board of Luen Thai Holdings Limited has resolved not to declare an interim dividend for the six months ended 30 June 2020 compared to 190 cents per share a year ago. Announcement • Aug 12
Luen Thai Holdings Limited to Report First Half, 2020 Results on Aug 25, 2020 Luen Thai Holdings Limited announced that they will report first half, 2020 results on Aug 25, 2020