Announcement • Mar 27
Forgame Holdings Limited, Annual General Meeting, May 28, 2026 Forgame Holdings Limited, Annual General Meeting, May 28, 2026. Announcement • Mar 20
Forgame Holdings Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 Forgame Holdings Limited announced that they will report fiscal year 2025 results on Mar 27, 2026 Announcement • Aug 12
Forgame Holdings Limited to Report First Half, 2025 Results on Aug 22, 2025 Forgame Holdings Limited announced that they will report first half, 2025 results on Aug 22, 2025 Announcement • May 01
Forgame Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 15.25 million. Forgame Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 15.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: HKD 0.61
Discount Per Security: HKD 0.014
Transaction Features: Subsequent Direct Listing Announcement • Apr 03
Forgame Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 15.25 million. Forgame Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 15.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: HKD 0.61
Discount Per Security: HKD 0.014
Transaction Features: Subsequent Direct Listing Announcement • Mar 29
Forgame Holdings Limited, Annual General Meeting, May 20, 2025 Forgame Holdings Limited, Annual General Meeting, May 20, 2025. Announcement • Mar 18
Forgame Holdings Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Forgame Holdings Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 Announcement • Jan 27
Forgame Holdings Limited Announces Board and Committee Changes The board of directors of Forgame Holdings Limited hereby announced that Mr. Ji Yong has resigned as an independent non-executive Director in order to devote more time to his personal career with effect from 27 January 2025. The Board hereby further announces that with effect from 27 January 2025, Ms. Zhu Min has been appointed as an independent non-executive Director of the Company. Ms. Zhu, aged 56, obtained a bachelor's degree in landscape architecture from Wuhan Urban Construction College (now renamed as Huazhong University of Science and Technology) in 1992 and an master's degree in Business Administration from Tsinghua University in 2009. Ms. Zhu joined Shenzhen WorldUnion Group Incorporated in 1999 and served as the director and general manager of the group from 2013 to 2024, where she was mainly responsible for the development of property operation, business management services and financial services and the shares of which are listed on the Shenzhen Stock Exchange (stock code:2285.SZ). Since 2019, Ms. Zhu has served as an external director of Hong Kong China Travel Service (Shenzhen) Investment and Development Co. Since May 2024, Ms. Zhu has been the vice president of LVGEM (China) Real Estate Investment Company Limited and the shares of which are listed on the Hong Kong Stock Exchange (Stock Code: 00095.HK). The Board hereby announces that with effect from 27 January 2025: (1) Mr. Ji has ceased to be the chairman of the remuneration committee and a member in each of the audit and compliance committee, the nomination committee and the corporate governance committee; and (2) Ms. Zhu has been appointed as the chairman of the remuneration committee and a member in each of the audit and compliance committee, the nomination committee and the corporate governance committee. Board Change • Nov 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Yong Ji was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 30
First half 2024 earnings released: CN¥0.026 loss per share (vs CN¥0.023 loss in 1H 2023) First half 2024 results: CN¥0.026 loss per share (further deteriorated from CN¥0.023 loss in 1H 2023). Revenue: CN¥37.4m (up 60% from 1H 2023). Net loss: CN¥3.75m (loss widened 14% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Announcement • Aug 20
Forgame Holdings Limited to Report First Half, 2024 Results on Aug 30, 2024 Forgame Holdings Limited announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Aug 02
Forgame Holdings Limited Announces Board and Remuneration Committee Changes Forgame Holdings Limited announced that Mr. ZHOU Xiaoyu (Mr. Zhou) has been appointed as an executive director of the company with effect from 2 August 2024. Mr. Zhou, aged 55, is a manager of Foga Tech Limited. Mr. Zhou has over 20 years' experience in corporate management and investment. Mr. Zhou worked as an engineer and economist at (China Electronics Corporation) from 1990 to 1997, and as business manager in (China Electronics Industry (Shenzhen) Corporation) from 1997 to 2000. Mr. Zhou founded (Shenzhen Diwei Video Technology Company Limited) in 2000. Mr. Zhou further founded (Shenzhen Sanghaitong Investment Company Limited) in 2001 and (Shenzhen Binghong Investment Company Limited) in 2008 and has served as director for both companies. Since 2016, Mr. Zhou has served as an independent non-executive director of Eeka Fashion Holdings Limited. Mr. Zhou obtained a bachelor's degree in electronic engineering from (Xian Electronic Technology University) in 1990 and an executive master of business administration degree from (China Europe International Business School) in 2013. The Board resolved on 2 August 2024 to remove Mr. WANG Wenpeng (Mr. Wang) as the non-executive director of the company. Change in composition of board committees: The board announced that with effect from 2 August 2024: Mr. Wang has ceased to a member of the remuneration committee of the Board (the remuneration committee); and Mr. Zhou has been appointed as a member of the remuneration committee. Board Change • Apr 26
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. 4 non-independent directors. Independent Non-Executive Director Yong Ji was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 30
Full year 2023 earnings released: CN¥0.12 loss per share (vs CN¥0.14 loss in FY 2022) Full year 2023 results: CN¥0.12 loss per share (improved from CN¥0.14 loss in FY 2022). Revenue: CN¥60.2m (down 47% from FY 2022). Net loss: CN¥17.6m (loss narrowed 12% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Announcement • Mar 29
Forgame Holdings Limited, Annual General Meeting, May 16, 2024 Forgame Holdings Limited, Annual General Meeting, May 16, 2024. Announcement • Mar 19
Forgame Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 Forgame Holdings Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 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 12% 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 (12% average weekly change). Minor Risks Market cap is less than US$100m (€13.9m market cap, or US$15.0m). Market cap is less than US$100m (€13.9m market cap, or US$15.0m). Board Change • Nov 24
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. 4 non-independent directors. Independent Non-Executive Director Yong Ji was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 28
First half 2023 earnings released: CN¥0.023 loss per share (vs CN¥0.074 profit in 1H 2022) First half 2023 results: CN¥0.023 loss per share (down from CN¥0.074 profit in 1H 2022). Revenue: CN¥23.4m (down 32% from 1H 2022). Net loss: CN¥3.28m (down 131% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Aug 16
Forgame Holdings Limited to Report First Half, 2023 Results on Aug 25, 2023 Forgame Holdings Limited announced that they will report first half, 2023 results on Aug 25, 2023 Reported Earnings • Mar 27
Full year 2022 earnings released: CN¥0.14 loss per share (vs CN¥0.22 profit in FY 2021) Full year 2022 results: CN¥0.14 loss per share (down from CN¥0.22 profit in FY 2021). Revenue: CN¥114.1m (down 20% from FY 2021). Net loss: CN¥20.1m (down 164% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Non-Executive Director Jun Han is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 28
First half 2022 earnings released: EPS: CN¥0.07 (vs CN¥0.093 in 1H 2021) First half 2022 results: EPS: CN¥0.07 (down from CN¥0.093 in 1H 2021). Revenue: CN¥34.5m (down 63% from 1H 2021). Net income: CN¥10.6m (down 20% from 1H 2021). Profit margin: 31% (up from 14% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. Announcement • Aug 16
Forgame Holdings Limited to Report Q2, 2022 Results on Aug 26, 2022 Forgame Holdings Limited announced that they will report Q2, 2022 results on Aug 26, 2022 Announcement • May 26
Forgame Holdings Limited Announces Board Changes Forgame Holdings Limited announced that Mr. WANG Dong did not offer himself for re-election at the AGM and retired as an independent non-executive Director after the conclusion of the AGM due to other work commitments. Following his retirement, Mr. Wang also ceased to act as a member in each of the audit and compliance committee, the nomination committee and the corporate governance committee, and as the chairman of the remuneration committee of the Company. The Board announces that, with effect from 24 May 2022, Mr. HAN Jun has been re-designated from an executive director to a non-executive director, and ceased to act as vice president of the Company. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. VP & Executive Director Jun Han is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Feb 19
Forgame Holdings Limited Provides Group Earnings Guidance for the Year Ended December 31, 2021 Forgame Holdings Limited provided group earnings guidance for the year ended December 31, 2021. The board of directors of the Company informed the shareholders of the Company and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2021 (the "Reporting Period") and the latest information available to the Board, the Group is expected to record a profit for the year in the amount of approximately RMB 32 million to RMB 38 million for the Reporting Period, as compared to the loss for the year of approximately RMB 55 million last year. Announcement • Feb 10
Forgame Holdings Limited Appoints Sir Kwok Siu Man as Company Secretary and Authorised Representative The board of directors of Forgame Holdings Limited (the Company) announced that with effect from 9 February 2022, Sir KWOK Siu Man ("Sir Seaman Kwok") has been appointed as the company secretary of the Company. Sir Seaman Kwok is the founder and director of SK2 Corporate Services (HK) Limited. Prior to his present office, he was concurrently an executive director and the head, corporate secretarial of a corporate services provider, as well as a director of a share registrar, both operating in Hong Kong. Reported Earnings • Sep 28
First half 2021 earnings released: EPS CN¥0.093 (vs CN¥0.04 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥93.0m (up 267% from 1H 2020). Net income: CN¥13.3m (up CN¥19.5m from 1H 2020). Profit margin: 14% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 43% per year whereas the company’s share price has fallen by 45% per year. Executive Departure • Aug 28
Acting CEO & Executive Director Guoxin Diao has left the company On the 25th of August, Guoxin Diao's tenure as Acting CEO & Executive Director of the company ended after less than a year in the role. We don't have any record of a personal shareholding under Guoxin's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Guoxin's leadership, the company delivered a total shareholder return of -48%. Announcement • Mar 20
Forgame Holdings Limited, Annual General Meeting, May 10, 2021 Forgame Holdings Limited, Annual General Meeting, May 10, 2021. Announcement • Mar 09
Forgame Holdings Limited to Report Fiscal Year 2020 Results on Mar 19, 2021 Forgame Holdings Limited announced that they will report fiscal year 2020 results on Mar 19, 2021 Is New 90 Day High Low • Dec 15
New 90-day low: €0.22 The company is down 27% from its price of €0.31 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 14% over the same period. Announcement • Dec 11
Forgame Holdings Limited Announces Management Changes The board of directors of Forgame Holdings Limited announced that with effect from 9 December 2020, Ms. LEE Ka Man has tendered her resignation as the company secretary of the Company, the authorised representative of the Company pursuant to the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited and the authorised representative for accepting service of process and notices in Hong Kong on behalf of the Company pursuant to the Companies Ordinance. Ms. Lee has confirmed that she 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 in relation to her resignation. The Board announced that Ms. YAN Xin has been appointed as the company secretary of the Company and the Authorised Representative with effect from 9 December 2020. Ms. Yan is a member of both the Hong Kong Institute of Chartered Secretaries and the Chartered Governance Institute in the United Kingdom. Prior to joining the Company, Ms. Yan served in several listed companies including Maoye International Holdings Limited. Is New 90 Day High Low • Nov 05
New 90-day low: €0.26 The company is down 25% from its price of €0.35 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 15% over the same period. Announcement • Oct 29
Forgame Holdings Limited Announces Board Changes The board of directors of Forgame Holdings Limited announced that with effect from 26 October 2020, Mr. WANG Dong has resigned as the chairman of but will remain as a member of the investment committee of the Board, Mr. LU Xiaoma has been appointed as the chairman of the Investment Committee and Mr. WONG Chi Kin has ceased to be a member of the Investment Committee, in order to exert greater effect of each independent non-executive Director as well as making recommendations to the Board accordingly. Is New 90 Day High Low • Oct 19
New 90-day low: €0.27 The company is down 22% from its price of €0.34 on 21 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 11% over the same period. Announcement • Oct 11
Forgame Holdings Limited Announces Management Changes Forgame Holdings Limited announced the appointment of WANG Dong, Mr. WONG Chi Kin, Mr. CUI Yuzhi and Mr. ZHU Liang as members of the Investment Committee. Mr. WANG Dong has been appointed as the chairman of the Investment Committee. Announcement • Oct 01
Forgame Holdings Limited Announces Retirement of LIANG Na as Non-Executive Director Forgame Holdings Limited announced that Ms. LIANG Na did not offer herself for re-election at the AGM and retired as a non-executive Director after the conclusion of the AGM in order to pursue other personal commitments. Reported Earnings • Sep 27
First half earnings released Over the last 12 months the company has reported total losses of CN¥252.4m, with losses narrowing by 22% from the prior year. Total revenue was CN¥99.8m over the last 12 months, down 67% from the prior year. Is New 90 Day High Low • Sep 25
New 90-day low: €0.28 The company is down 23% from its price of €0.36 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 8.0% over the same period. 
