Board Change • Jun 01
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. CEO, Director & Chief Project Manager Stephen Sin is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Mar 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 400% 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 Risk Shareholders have been substantially diluted in the past year (400% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$154.3m market cap, or US$19.7m). Announcement • Mar 27
Hang Yick Holdings Company Limited has completed a Follow-on Equity Offering in the amount of HKD 84.74304 million. Hang Yick Holdings Company Limited has completed a Follow-on Equity Offering in the amount of HKD 84.74304 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 73,475,116
Price\Range: HKD 0.46
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 110,748,884
Price\Range: HKD 0.46
Discount Per Security: HKD 0.0046
Transaction Features: Rights Offering New Risk • Mar 02
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 Hong Kong stocks, typically moving 9.9% 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 Market cap is less than US$10m (HK$27.2m market cap, or US$3.47m). Minor Risk Share price has been volatile over the past 3 months (9.9% average weekly change). Board Change • Feb 23
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. 1 experienced director. No highly experienced directors. CEO, Director & Chief Project Manager Stephen Sin is the most experienced director on the board, commencing their role in 2021. 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 • Jan 03
First half 2026 earnings released: HK$0.006 loss per share (vs HK$0.012 loss in 1H 2025) First half 2026 results: HK$0.006 loss per share (improved from HK$0.012 loss in 1H 2025). Revenue: HK$90.2m (up 14% from 1H 2025). Net loss: HK$5.73m (loss narrowed 46% from 1H 2025). Announcement • Dec 12
Hang Yick Holdings Company Limited has filed a Follow-on Equity Offering in the amount of HKD 84.74304 million. Hang Yick Holdings Company Limited has filed a Follow-on Equity Offering in the amount of HKD 84.74304 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 184,224,000
Price\Range: HKD 0.46
Transaction Features: Rights Offering Reported Earnings • Nov 30
First half 2026 earnings released: HK$0.006 loss per share (vs HK$0.012 loss in 1H 2025) First half 2026 results: HK$0.006 loss per share (improved from HK$0.012 loss in 1H 2025). Revenue: HK$90.2m (up 14% from 1H 2025). Net loss: HK$5.73m (loss narrowed 46% from 1H 2025). Announcement • Nov 22
Hang Yick Holdings Company Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 September 2025 Hang Yick Holdings Company Limited provided consolidated earnings guidance for the six months ended 30 September 2025 . The Group is expected to record a loss of not less than HKD 5.7 million for the six months ended 30 September 2025 as compared to a loss of approximately HKD 10.7 million for the six months ended 30 September 2024. Based on the information currently available, the expected reduction in loss attributable to the owners of the Company was mainly attributable to (i) a reversal of impairment loss under expected credit loss model on trade receivables and contract assets, net of approximately HKD 3.9 million; and (ii) the effective cost control in administration and operations. Announcement • Nov 13
Hang Yick Holdings Company Limited to Report First Half, 2026 Results on Nov 28, 2025 Hang Yick Holdings Company Limited announced that they will report first half, 2026 results on Nov 28, 2025 New Risk • Oct 30
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 Hong Kong stocks, typically moving 11% 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 Market cap is less than US$10m (HK$29.5m market cap, or US$3.79m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Aug 02
Full year 2025 earnings released: HK$0.027 loss per share (vs HK$0.005 loss in FY 2024) Full year 2025 results: HK$0.027 loss per share (further deteriorated from HK$0.005 loss in FY 2024). Revenue: HK$187.5m (up 19% from FY 2024). Net loss: HK$24.0m (loss widened 483% from FY 2024). Board Change • Aug 01
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. CEO, Director & Chief Project Manager Stephen Sin is the most experienced director on the board, commencing their role in 2021. 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 • Jul 30
Hang Yick Holdings Company Limited, Annual General Meeting, Aug 29, 2025 Hang Yick Holdings Company Limited, Annual General Meeting, Aug 29, 2025, at 14:30 China Standard Time. Location: 2/f bonham circus, 40-44 bonham strand east, sheung wan, Hong Kong Reported Earnings • Jul 02
Full year 2025 earnings released: HK$0.027 loss per share (vs HK$0.005 loss in FY 2024) Full year 2025 results: HK$0.027 loss per share (further deteriorated from HK$0.005 loss in FY 2024). Revenue: HK$187.5m (up 19% from FY 2024). Net loss: HK$24.0m (loss widened 483% from FY 2024). Announcement • Jun 13
Hang Yick Holdings Company Limited to Report Fiscal Year 2025 Results on Jun 30, 2025 Hang Yick Holdings Company Limited announced that they will report fiscal year 2025 results at 4:00 PM, China Standard Time on Jun 30, 2025 Announcement • Mar 03
Hang Yick Holdings Company Limited Announces Board and Committee Changes The Board of Hang Yick Holdings Company Limited announced that, with effect from 3 March 2025, Ms. Tan Yanyan has been appointed as an independent non-executive director of the Company. Ms. Tan Yanyan, aged 40, has been appointed as an independent non-executive director with effect from 3 March 2025. Ms. Tan has many years of experience in marketing, logistics and investment promotion. She has been working in Beijing Shanghao Guoqian Wine Co. Ltd. since 2019 and is currently the head of the sales department. Ms. Tan graduated from Cangzhou Teachers' College in 2005 majoring in Chinese Language and Literature Education. Ms. Tan entered into a letter of appointment with the Company for a term of three years commencing from 3 March 2025, subject to retirement by rotation and eligibility for re-election in accordance with the articles of association of the Company. The appointment of Ms. Tan as an independent non-executive director can be terminated by three months' notice in writing served by Ms. Tan or the Company on each other. Ms. Tan will be entitled to an annual director's fee of HKD 120,000, which was determined by the Board with reference to her relevant qualifications, experience, responsibilities and duties in the Company and the prevailing market conditions. Ms. Tan has been appointed as a member of the Nomination Committee, a member of the Remuneration Committee and a member of the Audit Committee with effect from 3 March 2025. Reported Earnings • Jan 03
First half 2025 earnings released: HK$0.012 loss per share (vs HK$0.009 profit in 1H 2024) First half 2025 results: HK$0.012 loss per share (down from HK$0.009 profit in 1H 2024). Revenue: HK$78.8m (down 7.3% from 1H 2024). Net loss: HK$10.7m (down 261% from profit in 1H 2024). Board Change • Jan 01
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. CEO & Director Stephen Sin is the most experienced director on the board, commencing their role in 2021. 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 • Dec 03
First half 2025 earnings released: HK$0.012 loss per share (vs HK$0.009 profit in 1H 2024) First half 2025 results: HK$0.012 loss per share (down from HK$0.009 profit in 1H 2024). Revenue: HK$78.8m (down 7.3% from 1H 2024). Net loss: HK$10.7m (down 261% from profit in 1H 2024). Board Change • Dec 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CEO & Director Stephen Sin is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 27
Hang Yick Holdings Company Limited Announces Board and Committee Changes The board of directors of Hang Yick Holdings Company Limited announced that, with effect from 25 November 2024, Mr. Chan Man Kit has been appointed as an independent non- executive director of the Company. The biographical details of Mr. Chan are set out below: Mr. Chan Man Kit, age 35, has been appointed as an independent non-executive director with effective from 25 November 2024. Mr. Chan has over 13 years of experience in auditing and accounting. Mr. Chan has served as the independent non-executive director of New Sparkle Roll International Group Limited since April 2024. Mr. Chan has been a Partner at Nortik Partners & Co. since 2019 and the sole proprietor of Chan Man Kit CPA since 2018, where he is responsible for audit and accounting services. Mr. Chan received his Bachelor of Science (Accounting) from the University of Hull. Mr. Chan is a practicing certified public accountant of the Hong Kong Institute of Certified Public Accountants and a member of the Association of Chartered Certified Accountants. CHANGE IN THE COMPOSITION OF BOARD COMMITTEES: Mr. Chan has been appointed as the chairman of each of the Audit Committee and the Remuneration Committee, and a member of the Nomination Committee with effect from 25 November 2024. RETIREMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR: Reference is made to the announcement dated 19 July 2024, Ms. Mak Suet Man has retired as an independent non-executive director of the Company with effect from the conclusion of the annual general meeting held on 30 August 2024. Announcement • Nov 15
Hang Yick Holdings Company Limited to Report First Half, 2025 Results on Nov 29, 2024 Hang Yick Holdings Company Limited announced that they will report first half, 2025 results on Nov 29, 2024 Reported Earnings • Aug 03
Full year 2024 earnings released: HK$0.005 loss per share (vs HK$0.001 loss in FY 2023) Full year 2024 results: HK$0.005 loss per share (further deteriorated from HK$0.001 loss in FY 2023). Revenue: HK$157.2m (down 15% from FY 2023). Net loss: HK$4.12m (loss widened HK$3.57m from FY 2023). New Risk • Jul 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor 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 Earnings have declined by 9.6% per year over the past 5 years. Market cap is less than US$10m (HK$20.3m market cap, or US$2.59m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Significant insider selling over the past 3 months (HK$1.8m sold). Reported Earnings • Jun 30
Full year 2024 earnings released: HK$0.005 loss per share (vs HK$0.001 loss in FY 2023) Full year 2024 results: HK$0.005 loss per share (further deteriorated from HK$0.001 loss in FY 2023). Revenue: HK$157.2m (down 15% from FY 2023). Net loss: HK$4.12m (loss widened HK$3.57m from FY 2023). Announcement • Jun 29
Hang Yick Holdings Company Limited, Annual General Meeting, Aug 30, 2024 Hang Yick Holdings Company Limited, Annual General Meeting, Aug 30, 2024. New Risk • Jun 25
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 Hong Kong stocks, typically moving 14% 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 Risks Earnings have declined by 29% per year over the past 5 years. Market cap is less than US$10m (HK$23.0m market cap, or US$2.95m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Announcement • Jun 14
Hang Yick Holdings Company Limited to Report Fiscal Year 2024 Results on Jun 28, 2024 Hang Yick Holdings Company Limited announced that they will report fiscal year 2024 results on Jun 28, 2024 Announcement • Jun 05
Hang Yick Holdings Company Limited Announces Board and Board Committees Changes The board of directors of Hang Yick Holdings Company Limited announced that Mr. Liu Sicheng has tendered his resignation as an independent non-executive Director in order to pursue his own professional interests with effect from 3 June 2024. Mr. Liu also resigned as the chairman of the nomination committee, a member of each of the audit committee and the remuneration committee of the Company respectively. Following the resignation of Mr. Liu, Mr. Law Hok Yu is appointed as the member of each Nomination Committee and the remuneration committee of the Company and Mr. Shi Jianwen is appointed as the chairman of Nomination Committee of the Company with effect from 3 June 2024. Mr. Peng Junlei has tendered his resignation as the company secretary of the Company and ceased to act as an authorised representative of the Company under Rule 3.05 and Rule 3.28 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 3 June 2024. Mr. Law, an executive director of the Company, will be appointed as the Company Secretary and the Authorised Representative with effect from 3 June 2024. Mr. Law, aged 34, obtained his bachelor degree of Business Administration in Accountancy from the Hong Kong Polytechnic University. He is a member of the Hong Kong Institute of Certified Public Accountants. Mr. Law has over 10 years of experience in auditing, accounting and corporate finance. Mr. Law is currently an executive director of the Company and an executive director, company secretary and authorised representative of Royal Century Resources Holdings Limited. Board Change • Jun 01
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. CEO & Director Stephen Sin is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Feb 01
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. No experienced directors. No highly experienced directors. CEO & Director Stephen Sin is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Jan 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$56.8m (US$7.27m) This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (27% average weekly change). Share price has been highly volatile over the past 3 months (27% average weekly change). Earnings have declined by 29% per year over the past 5 years. Market cap is less than US$10m (HK$56.8m market cap, or US$7.27m). Minor Risk Significant insider selling over the past 3 months (HK$183m sold). Buying Opportunity • Dec 15
Now 21% undervalued Over the last 90 days, the stock is up 174%. The fair value is estimated to be HK$0.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.0% over the last 3 years. Meanwhile, the company became loss making. Announcement • Dec 11
Hang Yick Holdings Company Limited Announces Executive Changes The board of directors of Hang Yick Holdings Company Limited announced the following changes with effect from 11 December 2023: Mr. Chui Man Lung Everett (Mr. Chu) resigned as the company secretary of the Company (the Company Secretary) and ceased to act as an authorised representative (the Authorised Representative) of the Company under Rule 3.05 and Rule 3.28 of the Rules (the Listing Rules) Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Stock Exchange) with effect from 11 December 2023.Mr. Chui confirmed that he has no disagreement with the Board and there is no matter relating to his resignation which needs to be brought to the attention of the shareholders of the Company and the Stock Exchange. Mr. Peng Junlei (Mr. Peng) was appointed as the Company Secretary and the Authorised Representative with effect from 11 December 2023. Mr. Peng, is a Chartered Secretary & Chartered Governance Professional (Associate) of The Hong Kong Chartered Governance Institute. Mr. Peng qualified as a lawyer in the People's Republic of China. Mr. Peng is a registered foreign lawyer at Ling & Lawyers (L&L), he has over 10 years of legal experience in Hong Kong. Mr. Peng has worked as an in-house legal counsel for several large Chinese-funded financial institutions and listed companies in Hong Kong. His experience in this regard includes legal and compliance work for a Fortune 500 Chinese state-owned Hong Kong company, as well as a fully licensed Chinese securities firm. Prior to joining L&L, Mr. Peng was Vice President of legal operations for a state-owned financial group and its subsidiaries that operated business in the securities and funds sector.Mr. Peng holds a Bachelor of Laws from Peking University, a Master of Laws in Economic law from Sun Yat-Sen University, and a Doctorate of Laws from the University of Hong Kong. Reported Earnings • Dec 01
First half 2024 earnings released: EPS: HK$0.009 (vs HK$0.008 in 1H 2023) First half 2024 results: EPS: HK$0.009 (up from HK$0.008 in 1H 2023). Revenue: HK$85.0m (down 24% from 1H 2023). Net income: HK$6.63m (up 3.5% from 1H 2023). Profit margin: 7.8% (up from 5.7% in 1H 2023). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Board Change • Dec 01
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Anthony Cheung is the most experienced director on the board, commencing their role in 2021. 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 • Nov 17
Hang Yick Holdings Company Limited to Report First Half, 2024 Results on Nov 30, 2023 Hang Yick Holdings Company Limited announced that they will report first half, 2024 results on Nov 30, 2023 Announcement • Nov 15
Hang Yick Holdings Company Limited Announces Executive Changes Hang Yick Holdings Company Limited announced that, with effect from 14 November 2023, Ms. Mak Suet Man and Mr. Liu Sicheng have been appointed as an independent non-executive Director of the Company. Ms. Mak Suet Man (), aged 36, was appointed as an independent non-executive Director and a member of the Nomination Committee, a member of the Remuneration Committee and a member of the Audit Committee effective from 14 November 2023. Ms. Mak graduated from The Hong Kong University of Science and Technology with a Bachelor of Business Administration in Marketing and Management of Organisation, is a responsible officer of Type 6 (advising on corporate finance) regulated activity and a fellow member of both the Association of Chartered Certified Accountants and the Hong Kong Institute of Certified Public Accountants. Ms. Mak possesses more than 10 years executive experiences in accounting, corporate finance, risk management and internal controls. Ms. Mak has also served as an independent non-executive director of Windmill Group Limited, the shares of which are listed on the Main Board of the Stock Exchange (stock code: 1850), since July 2023 and an independent non-executive director of Alco Holdings Limited, the shares of which are listed on the Main Board of the Stock Exchange (stock code: 328), since October 2023. Ms. Mak entered into a letter of appointment with the Company for a term of three years commencing from 14 November 2023, subject to retirement by rotation and eligibility for re- election in accordance with the articles of association of the Company. .Mr. Liu Sicheng (), age 29, was appointed as an independent non-executive Director and a member of the Remuneration Committee, a member of the Nomination Committee and a member of the Audit Committee with effect from 14 November 2023. Mr. Liu has over 5 years of experience in the human resources industry. Mr. Liu worked in recruitment firms in Hong Kong from August 2018 to March 2020. Since September 2020, he joined a global securities firm and become a Global Human Resources Business Partner in May 2023. Mr. Liu obtained a Bachelor of Arts in English from Hainan University in China in 2016. Mr. Liu also obtained a Master of Arts in Chinese Culture from Hong Kong University of Science and Technology in Hong Kong in 2018. Mr. Liu has also served as an independent non-executive director of Windmill Group Limited, the shares of which are listed on the Main Board of the Stock Exchange (stock code: 1850), since October 2023. Mr. Liu entered into a service contract with the Company for a term of three years commencing from 14 November 2023, subject to retirement by rotation and eligibility for re- election in accordance with the articles of association of the Company. CHANGE IN THE COMPOSITION OF BOARD COMMITTEES Ms. Mak has been appointed as a member of the Nomination Committee, a member of the Remuneration Committee and a member of the Audit Committee with effect from 14 November 2023. Mr. Liu has been appointed as a member of the Remuneration Committee, a member of the Nomination Committee and a member of the Audit Committee with effect from 14 November 2023. Announcement • Oct 13
Hang Yick Holdings Company Limited Announces Board and Committee Changes Hang Yick Holdings Company Limited announced that Mr. Ho Chi Yuen (``Mr. Ho'') has tendered his resignation as an executive Director and a member of the remuneration committee of the Board with effect from 12 October 2023 after the publication of this announcement. Mr. Ho hasinformed the Board that he resigned due to his personal and business commitments and confirmed that he has no disagreement with the Board, nor is there any matter in relation to his resignation that should be brought to the attention of the Shareholders. Mr. Leung Fuk Shun, an independent non-executive Director, has been appointed as amember of the remuneration committee of the Company with effect from 12 October2023. Announcement • Sep 22
Xu Ai Hua made an offer to acquire the remaining stake in Hang Yick Holdings Company Limited (SEHK:1894) for HKD 42.44 million Xu Ai Hua made an offer to acquire the remaining stake in Hang Yick Holdings Company Limited (SEHK:1894) for HKD 42.44 million on September 20, 2023. Nuada Limited advised that the offer is fair and reasonable. Advent Corporate Finance acted as financial advisor to Xu Ai Hua. Nuada Limited acted as fairness opinion provider to Hang Yick Holdings. Board Change • Aug 07
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. No experienced directors. No highly experienced directors. Independent Non-Executive Director Anthony Cheung is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.