New Risk • Jun 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 17% 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 (17% average weekly change). Earnings have declined by 2.1% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€29.4m market cap, or US$33.6m). Board Change • May 20
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. 8 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Fun Ching Wong was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Mar 25
Tao Heung Holdings Limited, Annual General Meeting, May 28, 2026 Tao Heung Holdings Limited, Annual General Meeting, May 28, 2026. Announcement • Mar 10
Tao Heung Holdings Limited to Report Fiscal Year 2025 Results on Mar 25, 2026 Tao Heung Holdings Limited announced that they will report fiscal year 2025 results on Mar 25, 2026 Announcement • Aug 18
Tao Heung Holdings Limited to Report First Half, 2025 Results on Aug 28, 2025 Tao Heung Holdings Limited announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Jun 30
Tao Heung Holdings Limited Announces Appointment of Wong Fun Ching as Member of the Nomination Committee, Effective 1 July 2025 The board of directors of Tao Heung Holdings Limited announced the appointment of Ms. Wong Fun Ching ("Ms. Wong''), an independent non-executive director of the Company, as a member of the Nomination committee of the Company with effect from 1 July 2025. Announcement • Mar 26
Tao Heung Holdings Limited, Annual General Meeting, May 29, 2025 Tao Heung Holdings Limited, Annual General Meeting, May 29, 2025. Announcement • Mar 11
Tao Heung Holdings Limited to Report Fiscal Year 2024 Results on Mar 26, 2025 Tao Heung Holdings Limited announced that they will report fiscal year 2024 results on Mar 26, 2025 Announcement • Oct 21
Tao Heung Holdings Limited Announces Executive Changes The board of directors of Tao Heung Holdings Limited announced that Ms. Cheung Kin Man has tendered her resignation as the Company Secretary of the Company, which will take effect from 21 October 2024 for personal reason. The Board further announced that following the resignation of Ms. Cheung as the Company Secretary and the Authorized Representative, Mr. Lai Chi Kin has been appointed as the Company Secretary and the authorized representative, both with effect from 21 October 2024. Mr. Lai, aged 44, joined the Group in October 2024 as Financial Controller and is primarily responsible for our overall finance, accounting and taxation functions. Prior to joining the Group, he had held senior management positions in fin-tech companies and various companies of which the securities are listed on the main board of the Stock Exchange. Mr. Lai has over 20 years of experience in financial management, accounting, taxation, auditing and internal control. Mr. Lai holds a Bachelor of Arts in Accountancy from the Hong Kong Polytechnic University and is currently a member of the Hong Kong Institute of Certified Public Accountants and a fellow member of the Association of Chartered Certified Accountants. Reported Earnings • Aug 26
First half 2024 earnings released: EPS: HK$0.004 (vs HK$0.033 in 1H 2023) First half 2024 results: EPS: HK$0.004 (down from HK$0.033 in 1H 2023). Revenue: HK$1.29b (down 15% from 1H 2023). Net income: HK$4.02m (down 88% from 1H 2023). Profit margin: 0.3% (down from 2.2% in 1H 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 25
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to €0.052. The fair value is estimated to be €0.069, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Aug 14
Tao Heung Holdings Limited to Report First Half, 2024 Results on Aug 22, 2024 Tao Heung Holdings Limited announced that they will report first half, 2024 results on Aug 22, 2024 Upcoming Dividend • May 28
Upcoming dividend of HK$0.03 per share Eligible shareholders must have bought the stock before 04 June 2024. Payment date: 20 June 2024. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 8.2%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.0%). Buy Or Sell Opportunity • May 24
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 34% to €0.098. The fair value is estimated to be €0.077, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Apr 05
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 6.5% to €0.082. The fair value is estimated to be €0.064, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Meanwhile, the company has become profitable. Declared Dividend • Mar 29
Final dividend of HK$0.03 announced Shareholders will receive a dividend of HK$0.03. Ex-date: 4th June 2024 Payment date: 20th June 2024 Dividend yield will be 45%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (140% earnings payout ratio). However, it is well covered by cash flows (19% 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 55% to bring the payout ratio under control. However, EPS has declined by 8.7% over the last 5 years so the company would need to reverse this trend. Announcement • Mar 28
Tao Heung Holdings Limited, Annual General Meeting, May 30, 2024 Tao Heung Holdings Limited, Annual General Meeting, May 30, 2024. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: HK$0.073 (vs HK$0.14 loss in FY 2022) Full year 2023 results: EPS: HK$0.073 (up from HK$0.14 loss in FY 2022). Revenue: HK$2.95b (up 23% from FY 2022). Net income: HK$73.7m (up HK$216.8m from FY 2022). Profit margin: 2.5% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. 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 4% per year, which means it is significantly lagging earnings. Announcement • Mar 27
Tao Heung Holdings Limited Proposes Final Ordinary Dividend for the Year Ended 31 December 2023 Payable on 20 June 2024 Tao Heung Holdings Limited proposed final ordinary dividend of HKD 0.03 per share for the year ended 31 December 2023 payable on 20 June 2024. Record date is on 06 June 2024. Ex-dividend date is on 04 June 2024. Date of shareholders' approval is on 30 May 2024. Announcement • Mar 06
Tao Heung Holdings Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Tao Heung Holdings Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 New Risk • Feb 06
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 7.3% 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 64% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (€86.8m market cap, or US$93.4m). Upcoming Dividend • Sep 28
Upcoming dividend of HK$0.03 per share at 7.7% yield Eligible shareholders must have bought the stock before 05 October 2023. Payment date: 18 October 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 7.7%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.7%). Announcement • Aug 23
Tao Heung Holdings Limited Announces Interim (Semi-Annual) Cash Dividend for the Six Months Ended 30 June 2023, Payable on 18 October 2023 Tao Heung Holdings Limited announced interim (semi-annual) cash dividend of HKD 0.03 per share for the six months ended 30 June 2023, payable on 18 October 2023. Record date is 09 October 2023. Ex-dividend date is 05 October 2023. Reported Earnings • Aug 23
First half 2023 earnings released: EPS: HK$0.033 (vs HK$0.10 loss in 1H 2022) First half 2023 results: EPS: HK$0.033 (up from HK$0.10 loss in 1H 2022). Revenue: HK$1.50b (up 42% from 1H 2022). Net income: HK$33.4m (up HK$134.8m from 1H 2022). Profit margin: 2.2% (up from net loss in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Aug 10
Tao Heung Holdings Limited to Report First Half, 2023 Results on Aug 22, 2023 Tao Heung Holdings Limited announced that they will report first half, 2023 results on Aug 22, 2023 Announcement • Jun 02
Tao Heung Holdings Limited Approves Dividend for the Year Ended 31 December 2022 Tao Heung Holdings Limited at its AGM held on June 1, 2023, approved final dividend of 3.00 Hong Kong cents per share for the year ended 31 December 2022. Upcoming Dividend • May 30
Upcoming dividend of HK$0.03 per share at 7.6% yield Eligible shareholders must have bought the stock before 06 June 2023. Payment date: 21 June 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 7.6%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.2%). Reported Earnings • Mar 30
Full year 2022 earnings released: HK$0.14 loss per share (vs HK$0.021 loss in FY 2021) Full year 2022 results: HK$0.14 loss per share (further deteriorated from HK$0.021 loss in FY 2021). Revenue: HK$2.40b (down 15% from FY 2021). Net loss: HK$143.1m (loss widened HK$121.9m from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Jan 08
Independent Non-Executive Director recently bought €185k worth of stock On the 1st of January, Fun Ching Wong bought around 800k shares on-market at roughly €0.23 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €570k more in shares than they have sold in the last 12 months. Announcement • Dec 29
Tao Heung Holdings Limited Announces Appointment of Wong Fun Ching as Independent Non-Executive Director and Member of the Audit Committee The board of directors of Tao Heung Holdings Limited announced the appointment of Ms. Wong Fun Ching as an independent non-executive Director and a member of the audit committee of the Board with effect from 1 January 2023. Ms. Wong, aged 60, is retired. Ms. Wong joined the Group as the deputy director of logistics operation and began her career in the Chinese restaurant industry in August 2005, and then was promoted as an executive Director from March 2007 till May 2015. She then founded i-Health Living Company Limited, a company incorporated in Hong Kong, and was a director of i-Health from September 2015 to October 2022. i-Health was dissolved by way of deregistration on 21 October 2022 as i-Health ceased to carry on any business. Ms. Wong confirmed that i-Health was solvent and inactive at the time when it was dissolved and there was no wrongful act on her part leading to the dissolution and she is not aware of any actual or potential claim that has been or will be made against her as a result of such dissolution. Ms. Wong holds a Master's degree of Science in Engineering Business Management from the Hong Kong Polytechnic University and a Bachelor's degree of Business Administration with Honours in Business Information Systems from the Hong Kong Metropolitan University. 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. 1 experienced director. 8 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Yat Cheung Ng was the last independent director to join the board, commencing their role in 2007. 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 29
Upcoming dividend of HK$0.03 per share Eligible shareholders must have bought the stock before 06 October 2022. Payment date: 19 October 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 7.8%. Within top quartile of German dividend payers (5.5%). Higher than average of industry peers (2.0%). Reported Earnings • Aug 24
First half 2022 earnings released: HK$0.10 loss per share (vs HK$0.02 loss in 1H 2021) First half 2022 results: HK$0.10 loss per share (down from HK$0.02 loss in 1H 2021). Revenue: HK$1.06b (down 19% from 1H 2021). Net loss: HK$101.4m (loss widened 391% from 1H 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Announcement • Aug 24
Tao Heung Holdings Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable on 19 October 2022 Tao Heung Holdings Limited announced interim dividend for the six months ended 30 June 2022 of HKD 0.03 per share. Ex-dividend date is 6 October 2022. Record date is 10 October 2022. Payment date is 19 October 2022. Announcement • Aug 12
Tao Heung Holdings Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022 Tao Heung Holdings Limited provided earnings guidance for the six months ended 30 June 2022. For the six months, the company expected to record a decrease in revenue of approximately 15% to 20% for the Period as compared to the corresponding period in 2021 and a loss attributable to equity holders of the Company of approximately HKD 100 million to HKD 105 million for the Period as compared to a loss attributable to equity holders of the Company of HKD 21 million for the corresponding period last year. It is mainly attributable to: i. a drop in revenue of the Group in the range of 15% to 20% as compared to the period ended 30 June 2021 and ii. impairment loss on property, plant and equipment and right-of-use assets for restaurants of the Group that were underperformed during the Period During the Period, the COVID-19 pandemic continued to impact on the economy of Mainland China and Hong Kong. Since March 2022, travel restrictions and lockdowns imposed in major cities in Mainland China due to outbreaks of more contagious COVID-19 variants. Some of restaurants located in Shanghai & Guangdong province were temporarily closed and/or suspended dine-in services for the period from March to June 2022. In Hong Kong, the city faced severe headwinds resulting from the fifth wave of the pandemic at the start of 2022, which led the HKSAR government to impose restrictions on evening dining from late-January to the middle of April. The aforementioned developments invariably affected the Group, which included the suspension of Hong Kong operations for 1,363 shop-days (totalling 41 shops), and of Mainland China operations for 1,049 shop-days (totalling 49 shops). In face of multiple challenge, management team has devised various strategies to strengthen competitive advantages. Such strategies included revamping the brands of restaurants, advancing digitisation and automation, introducing the new ingredients and menus as well as fully capitalising on various distribution channels. Furthermore, the Group has taken measures to control rental rates, labour cost and other operating costs. Announcement • Aug 11
Tao Heung Holdings Limited to Report First Half, 2022 Results on Aug 23, 2022 Tao Heung Holdings Limited announced that they will report first half, 2022 results on Aug 23, 2022 Announcement • Jul 01
Tao Heung Holdings Limited Announces Board Changes Tao Heung Holdings Limited announces that Ms. Tsang Wing Ka has tendered her resignation as the Company Secretary of the Company, which will take effect from 1 July 2022, for personal reason. Mr. Ho Yuen Wah has tendered his resignation as the authorized representative under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, which will take effect from 1 July 2022. Announcement • Jun 03
Tao Heung Holdings Limited Declares the Payment of A Final Dividend for the Year Ended 31 December 2021 Tao Heung Holdings Limited approved and declare the payment of a final dividend of HKD 3.00 cents per share for the year ended 31 December 2021 in its annual General Meeting Held on 2 June 2022. Upcoming Dividend • Jun 01
Upcoming dividend of HK$0.03 per share Eligible shareholders must have bought the stock before 08 June 2022. Payment date: 22 June 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 6.8%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (1.8%). Board Change • Jun 01
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. No experienced directors. 8 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Yat Cheung Ng was the last independent director to join the board, commencing their role in 2007. 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
Tao Heung Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2021, Payable on June 22, 2022 Tao Heung Holdings Limited proposed final dividend of HKD 0.03 per share for the year ended 31 December 2021. Ex-dividend date on June 8, 2022. Record date on June 10, 2022. Payment date on June 22, 2022. Recent Insider Transactions • Sep 28
Founder recently bought €50k worth of stock On the 24th of September, Wai Ping Chung bought around 500k shares on-market at roughly €0.10 per share. In the last 3 months, they made an even bigger purchase worth €81k. Wai Ping has been a buyer over the last 12 months, purchasing a net total of €640k worth in shares. Upcoming Dividend • Sep 22
Upcoming dividend of HK$0.03 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 15 October 2021. Trailing yield: 6.7%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.1%). Recent Insider Transactions • Aug 31
Founder recently bought €52k worth of stock On the 26th of August, Wai Ping Chung bought around 500k shares on-market at roughly €0.10 per share. This was the largest purchase by an insider in the last 3 months. Wai Ping has been a buyer over the last 12 months, purchasing a net total of €593k worth in shares. Reported Earnings • Aug 27
First half 2021 earnings released: HK$0.02 loss per share (vs HK$0.10 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: HK$1.30b (up 13% from 1H 2020). Net loss: HK$20.6m (loss narrowed 80% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Announcement • May 22
Tao Heung Holdings Limited Approves Final Dividend for the Year Ended 31 December 2020 Tao Heung Holdings Limited approved and declare the payment of a final dividend of 3.00 Hong Kong cents per share for the year ended 31 December 2020, at its Annual General Meeting held on 21 May 2021. Upcoming Dividend • May 18
Upcoming dividend of HK$0.03 per share Eligible shareholders must have bought the stock before 25 May 2021. Payment date: 10 June 2021. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (2.1%). Recent Insider Transactions • May 11
Founder recently bought €53k worth of stock On the 7th of May, Wai Ping Chung bought around 500k shares on-market at roughly €0.11 per share. In the last 3 months, they made an even bigger purchase worth €105k. Wai Ping has been a buyer over the last 12 months, purchasing a net total of €728k worth in shares. Announcement • May 06
Tao Heung Holdings Limited Proposes Payment of Final Dividend for the Year Ended 31 December 2020 Tao Heung Holdings Limited at its AGM to be held on May 21, 2021, proposed to declare the payment of a final dividend of 3.00 HK cents per share for the year ended 31 December 2020. Recent Insider Transactions • Apr 28
Founder recently bought €15k worth of stock On the 22nd of April, Wai Ping Chung bought around 141k shares on-market at roughly €0.11 per share. In the last 3 months, they made an even bigger purchase worth €105k. Wai Ping has been a buyer over the last 12 months, purchasing a net total of €675k worth in shares. Reported Earnings • Apr 24
Full year 2020 earnings released: HK$0.057 loss per share (vs HK$0.12 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: HK$2.39b (down 39% from FY 2019). Net loss: HK$58.0m (down 146% from profit in FY 2019). Total stores: 128 (down by 9 from FY 2019). Over the last 3 years on average, earnings per share has fallen by 56% 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. Recent Insider Transactions • Apr 18
Founder recently bought €105k worth of stock On the 14th of April, Wai Chung bought around 1m shares on-market at roughly €0.11 per share. This was the largest purchase by an insider in the last 3 months. Wai has been a buyer over the last 12 months, purchasing a net total of €660k worth in shares. Recent Insider Transactions • Apr 02
Founder recently bought €64k worth of stock On the 30th of March, Wai Chung bought around 626k shares on-market at roughly €0.10 per share. This was the largest purchase by an insider in the last 3 months. Wai has been a buyer over the last 12 months, purchasing a net total of €553k worth in shares. Announcement • Mar 21
Tao Heung Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2020, Payable on 10 June 2021 Tao Heung Holdings Limited Board has proposed a final dividend of 3.0 HK cents per share for the year ended 31 December 2020 (2019: 3.5 HK cents), payable on 10 June 2021 to shareholders whose names appear on the register of member of the Company on 26 May 2021. The proposed final dividend for the year is subject to the approval of the Company's shareholders at the forthcoming annual general meeting. Reported Earnings • Mar 20
Full year 2020 earnings released: HK$0.057 loss per share (vs HK$0.12 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: HK$2.39b (down 39% from FY 2019). Net loss: HK$58.0m (down 146% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 56% 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 20
Tao Heung Holdings Limited, Annual General Meeting, May 21, 2021 Tao Heung Holdings Limited, Annual General Meeting, May 21, 2021. Announcement • Mar 10
Tao Heung Holdings Limited to Report Q4, 2020 Results on Mar 19, 2021 Tao Heung Holdings Limited announced that they will report Q4, 2020 results on Mar 19, 2021 Recent Insider Transactions • Sep 29
Founder recently bought €31k worth of stock On the 21st of September, Wai Chung bought around 300k shares on-market at roughly €0.10 per share. In the last 3 months, they made an even bigger purchase worth €61k. Wai has been a buyer over the last 12 months, purchasing a net total of €1.0m worth in shares. Reported Earnings • Sep 24
First half earnings released Over the last 12 months the company has reported total losses of HK$48.3m, with earnings decreasing by HK$185.4m from the prior year. Total revenue was HK$3.03b over the last 12 months, down 26% from the prior year. Recent Insider Transactions • Sep 19
Founder recently bought €61k worth of stock On the 17th of September, Wai Chung bought around 593k shares on-market at roughly €0.10 per share. This was the largest purchase by an insider in the last 3 months. Wai has been a buyer over the last 12 months, purchasing a net total of €1.1m worth in shares. Announcement • Aug 29
Tao Heung Holdings Limited Announces Not to Declare the Payment of an Interim Dividend for the Six Months Ended 30 June 2020 The Board of Tao Heung Holdings Limited has resolved not to declare the payment of an interim dividend for the six months ended 30 June 2020 compared to HK 6.00 cents per ordinary share a year ago. Announcement • Aug 18
Tao Heung Holdings Limited to Report First Half, 2020 Results on Aug 28, 2020 Tao Heung Holdings Limited announced that they will report first half, 2020 results on Aug 28, 2020 
