Announcement • Jun 05
CT Vision (International) Holdings Limited, Annual General Meeting, Jun 29, 2026 CT Vision (International) Holdings Limited, Annual General Meeting, Jun 29, 2026, at 10:00 China Standard Time. Location: 2/f, a plus, 5-45b bonham strand, sheung wan, Hong Kong Announcement • May 28
CT Vision (International) Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 10.8 million. CT Vision (International) Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 10.8 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 30,000,000
Price\Range: HKD 0.36 Recent Insider Transactions • May 27
Executive Director recently sold HK$259k worth of stock On the 18th of May, Ji Ding sold around 740k shares on-market at roughly HK$0.35 per share. This transaction amounted to 6.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth HK$461k. Insiders have been net sellers, collectively disposing of HK$3.1m more than they bought in the last 12 months. New Risk • Apr 19
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: HK$7.3m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Significant insider selling over the past 3 months (HK$7.3m sold). Market cap is less than US$100m (HK$355.5m market cap, or US$45.4m). Reported Earnings • Apr 02
Full year 2025 earnings released: HK$0.83 loss per share (vs HK$0.026 loss in FY 2024) Full year 2025 results: HK$0.83 loss per share (further deteriorated from HK$0.026 loss in FY 2024). Revenue: HK$184.1m (down 67% from FY 2024). Net loss: HK$32.9m (loss widened 38% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Announcement • Mar 16
CT Vision (International) Holdings Limited to Report Fiscal Year 2025 Final Results on Mar 31, 2026 CT Vision (International) Holdings Limited announced that they will report fiscal year 2025 final results on Mar 31, 2026 Recent Insider Transactions • Jan 19
Executive Director recently sold HK$2.0m worth of stock On the 14th of January, Ji Ding sold around 4m shares on-market at roughly HK$0.50 per share. This transaction amounted to 10.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Jan 02
CT Vision (International) Holdings Limited Announces Management Changes, Effective January 2, 2026 CT Vision (International) Holdings Limited announced that Mr. Fu Wing Kwok Ewing has tendered his resignation as the financial controller, the company secretary and the authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the authorised representative of the Company for acceptance of service of process or notice in Hong Kong on behalf of the Company in accordance with Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) with effect from January 2, 2026 due to his other career and personal pursuit. Following the resignation of Mr. Fu, the Board announced that Mr. Leung Gavin L. has been appointed as the Company Secretary and the Authorised Representative and the Appointment takes effect on January 2, 2026. Mr. Leung, aged 50, has over 20 years of accounting, audit and company secretarial experience. Mr. Leung obtained his Bachelor’s degree of commerce, accounting and finance from Curtin University of Technology in Australia in February 2006 and his Master’s degree of laws from University of Greenwich in June 2022. He has been a fellow member of Certified Practising Accountant Australia (CPA Australia) since January 2019. He has also been a member of Hong Kong Institute of Certified Public Accountants since May 2020. Mr. Leung has been the Human Resources and Administration Manager of the Company since March 2023. He has been the Company Secretary and the Authorised Representative of Dowway Holdings Limited from February to July 2023 and has held the position again since June 2024. He served as an independent non-executive director of Min Fu International Holding Limited from January 2022 to April 2023. The Board comprises four executive Directors, namely Mr. Wu Rui, Mr. Guo Jianfeng, Mr. Ding Ji and Mr. Sun Dexin, one non-executive Director, namely Dr. Ho Chun Kit Gregory, and three independent non-executive Directors, namely Dr. Tang Dajie, Dr. Lin Tat Pang and Ms. Liu Zhen. New Risk • Nov 15
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: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$322.2m market cap, or US$41.5m). Announcement • Oct 11
CT Vision S.L. (International) Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 43.2 million. CT Vision S.L. (International) Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 43.2 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 120,000,000
Price\Range: HKD 0.36
Transaction Features: Subsequent Direct Listing Reported Earnings • Oct 02
First half 2025 earnings released: HK$0.008 loss per share (vs HK$0.012 loss in 1H 2024) First half 2025 results: HK$0.008 loss per share (improved from HK$0.012 loss in 1H 2024). Revenue: HK$147.7m (down 28% from 1H 2024). Net loss: HK$7.10m (loss narrowed 37% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 03
First half 2025 earnings released: HK$0.008 loss per share (vs HK$0.012 loss in 1H 2024) First half 2025 results: HK$0.008 loss per share (improved from HK$0.012 loss in 1H 2024). Revenue: HK$147.7m (down 28% from 1H 2024). Net loss: HK$7.10m (loss narrowed 37% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Announcement • Aug 15
CT Vision S.L. (International) Holdings Limited to Report First Half, 2025 Results on Aug 29, 2025 CT Vision S.L. (International) Holdings Limited announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Jul 09
CT Vision S.L. (International) Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 65.88 million. CT Vision S.L. (International) Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 65.88 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 183,000,000
Price\Range: HKD 0.36
Transaction Features: Subsequent Direct Listing New Risk • May 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 Hong Kong stocks, typically moving 15% 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 (15% average weekly change). Minor Risk Market cap is less than US$100m (HK$159.6m market cap, or US$20.4m). Announcement • Apr 29
CT Vision S.L. (International) Holdings Limited, Annual General Meeting, May 29, 2025 CT Vision S.L. (International) Holdings Limited, Annual General Meeting, May 29, 2025, at 10:00 China Standard Time. Location: 2/f, j plus, 35-45b bonham strand, sheung wan, Hong Kong New Risk • Apr 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 12% 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: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (HK$112.3m market cap, or US$14.5m). Reported Earnings • Apr 02
Full year 2024 earnings released: HK$0.026 loss per share (vs HK$0.028 loss in FY 2023) Full year 2024 results: HK$0.026 loss per share. Revenue: HK$558.1m (up 61% from FY 2023). Net loss: HK$23.8m (loss widened 10% from FY 2023). Announcement • Mar 12
CT Vision S.L. (International) Holdings Limited to Report Fiscal Year 2024 Final Results on Mar 31, 2025 CT Vision S.L. (International) Holdings Limited announced that they will report fiscal year 2024 final results on Mar 31, 2025 Announcement • Mar 01
Ct Vision S.L. (International) Holdings Limited Announces Board and Committee Changes CT Vision S.L. (International) Holdings Limited announces that Ms. Liu Zhen has been appointed as an independent non-executive director, a member of the audit, nomination and remuneration committees of the Company with effect from 28 February 2025. Ms. Liu, aged 35, has over 13 years of experience in corporate finance and investment experience. She previously worked at and managed various renowned private equity and venture capital funds. She holds a bachelor degree in finance from South China University of Technology. The Board further announces that Dr. Ling Tat Pang, an independent non-executive director, has been appointed as the chairman of audit committee with effect from 28 February 2025. Immediately after Ms. Liu's appointment and Dr. Lin's appointment, the composition of the Board committees is as follows: (1) Audit Committee: Dr. Lin Tat Pang (Chairman), Dr. Tang Dajie; Ms. Liu Zhen (2) Nomination Committee: Dr. Tang Dajie (Chairman), Dr. Lin Tat Pang, Dr. Ho Chun Kit Gregory, Ms. Liu Zhen; and (3) Remuneration Committee: Dr. Lin Tat Pang (Chairman), Mr. Wu Rui, Dr. Tang Dajie, Ms. Liu Zhen. Reported Earnings • Oct 02
First half 2024 earnings released: HK$0.012 loss per share (vs HK$0.016 loss in 1H 2023) First half 2024 results: HK$0.012 loss per share (improved from HK$0.016 loss in 1H 2023). Revenue: HK$203.9m (down 5.4% from 1H 2023). Net loss: HK$11.2m (loss narrowed 5.8% from 1H 2023). Announcement • Aug 15
CT Vision S.L. (International) Holdings Limited to Report First Half, 2024 Results on Aug 30, 2024 CT Vision S.L. (International) Holdings Limited announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • Jun 26
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 Hong Kong stocks, typically moving 20% 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 (20% average weekly change). Minor Risks Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (HK$162.4m market cap, or US$20.8m). Announcement • Apr 28
CT Vision S.L. (International) Holdings Limited, Annual General Meeting, Jun 20, 2024 CT Vision S.L. (International) Holdings Limited, Annual General Meeting, Jun 20, 2024, at 10:00 China Standard Time. Location: 2/F, J Plus, 35-45B Bonham Strand, Sheung Wan Hong Kong Agenda: To receive and consider the audited consolidated financial statements of the Company and its subsidiaries and the reports of the directors and auditors of the Company for the year ended 31 December 2023; to re-elect Mr. Ding Ji as an executive director of the Company; to re-elect Mr. Guo Jianfeng as an executive director of the Company; to re-elect Mr. Ng Kwun Wan as an independent non-executive director of the Company; to re-elect Dr. Ho Chun Kit Gregory a non-executive director of the Company; to authorise the board of directors of the Company to fix the remuneration of the directors of the Company; to re-appoint Messrs. ZHONGHUI ANDA CPA Limited as the auditors of the Company and to authorise the board of directors to fix their remuneration; and to consider other matters. Reported Earnings • Mar 30
Full year 2023 earnings released: HK$0.028 loss per share (vs HK$0.05 loss in FY 2022) Full year 2023 results: HK$0.028 loss per share (improved from HK$0.05 loss in FY 2022). Revenue: HK$345.8m (up 62% from FY 2022). Net loss: HK$21.6m (loss narrowed 43% from FY 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. Announcement • Mar 15
CT Vision S.L. (International) Holdings Limited to Report Fiscal Year 2023 Final Results on Mar 28, 2024 CT Vision S.L. (International) Holdings Limited announced that they will report fiscal year 2023 final results on Mar 28, 2024 New Risk • Jan 15
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 Hong Kong stocks, typically moving 15% 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 (15% average weekly change). Earnings have declined by 12% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (HK$310.8m market cap, or US$39.7m). New Risk • Dec 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 12% 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 Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (HK$272.3m market cap, or US$34.9m). Announcement • Oct 05
CT Vision S.L. (International) Holdings Limited Announces the Demise of Ms. Du Yi, A Non-Executive Director, the Chairlady of the Board, and the Chairlady of the Nomination Committee of the Company The board (the "Board") of directors (the "Directors") of CT Vision S.L. (International) Holdings Limited (the " Company ", and together with its subsidiaries, the " Group ") announced with sorrow that Ms. Du Yi ("Ms. Du"), a non-executive Director, the chairlady of the Board, and the chairlady of the nomination committee of the Company (the "Nomination Committee"), passed away on 12 August 2023. Ms. Du joined the Group as a non-executive Director and the chairlady of the Board on 26 April 2019. Ms. Du is the eldest daughter of Mr. Du Zhongyuan, one of the renowned revolutionary martyrs of China during the second Sino-Japanese War. Ms. Du has served as a member of the Chinese People's Political Consultative Conference and was an honourable retired member. Reported Earnings • Sep 01
First half 2023 earnings released First half 2023 results: Revenue: HK$215.7m (up 54% from 1H 2022). Net loss: HK$11.9m (loss narrowed 79% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Aug 18
CT Vision S.L. (International) Holdings Limited to Report First Half, 2023 Results on Aug 31, 2023 CT Vision S.L. (International) Holdings Limited announced that they will report first half, 2023 results on Aug 31, 2023 Board Change • Nov 16
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 Tat Pang Lin was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 20
First half 2022 earnings released: HK$0.076 loss per share (vs HK$0.055 loss in 1H 2021) First half 2022 results: HK$0.076 loss per share (down from HK$0.055 loss in 1H 2021). Revenue: HK$140.4m (up 3.4% from 1H 2021). Net loss: HK$57.8m (loss widened 38% from 1H 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Aug 03
Ct Vision S.L. (International) Holdings Limited Provides Earnings Guidance for the Six Months Ended June 30, 2022 CT Vision S.L. (International) Holdings Limited provided earnings guidance for the six months ended June 30, 2022. For the period, the group expects record a net loss attributable to the Shareholders of not less than approximately HKD 57.8 million for the Period as compared with the net loss attributable to the Shareholders of approximately HKD 42.0 million for the six months ended 30 June 2021. Announcement • Jul 01
CT Vision S.L. (International) Holdings Limited Announces Board and Committee Changes CT Vision S.L. (International) Holdings Limited announced that Ms. Ng Yi Kum, Estella ("Ms. Ng") and Mr. Wong Wing Cheong Philip ("Mr. Wong"), the independent non-executive Directors, did not offer themselves for re-election at the AGM as they would like to devote more time to their other business commitment, and accordingly have retired from the Board with effect from the conclusion of the AGM. Upon their retirement, Ms. Ng has ceased to be the chairlady of the audit committee of the Company (the "Audit Committee") and a member of the nomination committee of the Company (the "Nomination Committee ") and the remuneration committee of the Company (the " Remuneration Committee"); and Mr. Wong has ceased to be the chairman of Remuneration Committee and a member of the Audit Committee and Nomination Committee. Ms. Ng and Mr. Wong have confirmed that they have no disagreement with the Board and there are no matters relating to their retirement that need to be brought to the attention of the Shareholders. The Board announced that Ms. Yip Man Shan ("Ms. Yip") has tendered her resignation as a non-executive Director with effect from 30 June 2022 as she wishes to devote more time on her personal and other business commitments. The Board of the Company announced that Dr. Lin Tat Pang ("Dr. Lin") has been appointed as an independent non-executive Director with effect from 30 June 2022. Dr. Lin, aged 66, obtained his Bachelor of Law, Master of Law and Doctor of Law, from 1992, 1998 and 2009 respectively. He also completed his Peking University in Postgraduate Certificate in Hong Kong Law in City University of Hong Kong (previously known as City Polytechnic of Hong Kong) in 1993. Dr. Lin is a member of the Hong Kong Institute of Certified Public Accountants and a fellow of the Chartered Association of Certified Accountants, United Kingdom. He is also a member of the Chartered Institute of Arbitrators, United Kingdom. Dr. Lin has over 40 years of experience in accounting, finance and public offerings. He was company secretary of Sun Hung Kai & Co. Limited from November 1990 to November 1992. He worked for Hong Kong Exchanges and Clearing Limited and the Stock Exchange between 1992 and March 2013, and his last position was senior consultant to the Listing, Listing & Regulatory Affairs Division of Hong Kong Exchanges and Clearing Limited. Dr. Lin has been an independent non-executive director of China Aluminum Cans Holdings Limited, a company listed on the Stock Exchange since June 2013 and an independent non-executive director of HNA Technology Investments Holdings Limited, a company listed on the Stock Exchange since December 2017. The Board announced that upon the appointment of Dr. Lin as an independent non-executive Director becoming effective on 30 June 2022, Dr. Lin will act as a member of the Audit Committee, the Nomination Committee and the chairman of the Remuneration Committee. Mr. Ng Kwun Wan, an independent non-executive Director, will act as a member of the Nomination Committee, the Remuneration Committee and the chairman of the Audit Committee with effect from 30 June 2022. Announcement • Jun 07
CT Vision S.L. (International) Holdings Limited, Annual General Meeting, Jun 30, 2022 CT Vision S.L. (International) Holdings Limited, Annual General Meeting, Jun 30, 2022, at 10:00 China Standard Time. Location: The Function Room 1-2, 2/F, The Harbourview, 4 Harbour Road Wanchai Hong Kong Agenda: To receive and consider the audited consolidated financial statements of the Company and its subsidiaries and the reports of the directors and auditors of the Company for the year ended 31 December 2021; to consider each as a separate resolution, to re-elect Dr. Ho Chun Kit Gregory as an executive director and Mr. Guo Jianfeng as an executive director and to authorise the board of directors to fix the remuneration of the directors of the Company; to re-appoint Messrs. ZHONGHUI ANDA CPA Limited as the auditors of the Company and to authorise the board of directors to fix their remuneration; and to consider any other matters. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Kwun Wan Ng was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Mar 28
Full year 2021 earnings released: HK$0.13 loss per share (vs HK$0.084 loss in FY 2020) Full year 2021 results: HK$0.13 loss per share (down from HK$0.084 loss in FY 2020). Revenue: HK$355.5m (up 42% from FY 2020). Net loss: HK$100.8m (loss widened 82% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Board Change • Mar 10
Less than half of directors are independent There are 10 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 10 new directors. 1 experienced director. No highly experienced directors. 4 independent directors (7 non-independent directors). Executive Director Jianfeng Guo is the most experienced director on the board, commencing their role in 2018. Independent Non-Executive Director Kwun Wan Ng was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. 
