Announcement • Apr 30
Graphex Group Limited, Annual General Meeting, Jun 29, 2026 Graphex Group Limited, Annual General Meeting, Jun 29, 2026, at 14:30 China Standard Time. Location: 11/f, cofco tower, 262 gloucester road, causeway bay, Hong Kong Announcement • Jul 02
Graphex Group Limited to Report First Half, 2025 Results on Aug 28, 2025 Graphex Group Limited announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Jun 30
Graphex Group Limited Announces Retirement of Tang Zhaodong as Independent Non-Executive Director Graphex Group Limited announced that at its AGM held on 27 June 2025, the shareholders approved Mr. Tang Zhaodong retired by rotation as an independent non-executive director of the Company and ceased to be a
member of the Board at the conclusion of the AGM held on 27 June 2025 in accordance with the Bye-laws of the Company. Announcement • Apr 29
Graphex Group Limited, Annual General Meeting, Jun 27, 2025 Graphex Group Limited, Annual General Meeting, Jun 27, 2025, at 14:30 China Standard Time. Location: 11/f, cofco tower, 262 gloucester road, causeway bay, Hong Kong Board Change • Apr 10
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. 3 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Kwong Sang Liu was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 30
Full year 2024 earnings released: HK$0.12 loss per share (vs HK$0.74 loss in FY 2023) Full year 2024 results: HK$0.12 loss per share (improved from HK$0.74 loss in FY 2023). Revenue: HK$187.9m (down 36% from FY 2023). Net loss: HK$111.4m (loss narrowed 1.5% from FY 2023). Announcement • Feb 05
Graphex Group Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Graphex Group Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% 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 Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 6.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Market cap is less than US$10m (HK$50.5m market cap, or US$6.48m). New Risk • Dec 19
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 19% 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 (19% average weekly change). Earnings have declined by 6.9% per year over the past 5 years. Market cap is less than US$10m (HK$50.5m market cap, or US$6.50m). Minor Risk Shareholders have been diluted in the past year (31% increase in shares outstanding). Announcement • Dec 04
Graphex Group Limited has filed a Follow-on Equity Offering in the amount of HKD 119.72829 million. Graphex Group Limited has filed a Follow-on Equity Offering in the amount of HKD 119.72829 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 704,284,056
Price\Range: HKD 0.17
Discount Per Security: HKD 0.00255
Transaction Features: Rights Offering Announcement • Nov 21
Graphex Group Limited Provides Update on Phase 1 of the Project Graphex Group Limited announced that reference is made to the press releases regarding the Phase 1 Project made by the Company previously. The Company experienced several challenges on Phase 1 Project. The Company obtained the energy permit for Phase 1 Project in August 2024 and is pending for the approval of the environmental permit. However, the Company was informed by the local power supply authorities that the current power supply was not sufficient for the factory use of Phase 1 Project. The Company has consulted a local power engineering company regarding this issue and is negotiating with the landlord and Nanshu Town Government about possible remedies. In light of this situation, Phase 1 Project implementation will be delayed. The Company intends to resolve this situation by the end of 2024. Phase 1 Project was designed to implement manufacturing facilities of 20,000 tonnes of natural graphite anode material for lithium-ion batteries. Announcement • Nov 19
Graphex Receives an Extension to Comply with the Continued Listing Requirements on the NYSE American Graphex Group Limited (‘Graphex Group’ or the ‘Company’) announced that it received an extension from the NYSE American LLC (the ‘Exchange’) for an additional period (the ‘Additional Cure Period’) to regain compliance with the NYSE American listing rules for American Depository Shares (ADS) on the Exchange until May 15, 2025 (the ‘New Cure Deadline’). The Company did not timely file with the Securities and Exchange Commission (‘SEC’) its Form 20-F for the year ended December 31, 2023 (the ‘Delayed Filing’). The initial cure period for the Company to maintain its listing of its ADS listed on the Exchange expired on November 15, 2024. The listing of the ADSs continues on the Exchange during the Additional Cure Period pursuant to this extension, subject to the Company’s compliance with other continued listing requirements and the NYSE Regulation Staff’s review of the Company’s efforts to regain compliance with the Exchange’s continued listing standards. The expiration of the initial cure period and the grant of the Additional Cure Period by the Exchange does not affect the Company’s business operations or its reporting obligations under the Securities and Exchange Commission regulations and rules. The Company plans to file the Delayed Filing as soon as possible and in any event within the Additional Cure Period. However, there can be no assurance that the Company will ultimately regain compliance with all applicable Exchange listing standards. Announcement • Nov 08
Graphex Group Limited has completed a Follow-on Equity Offering in the amount of HKD 12.24168 million. Graphex Group Limited has completed a Follow-on Equity Offering in the amount of HKD 12.24168 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 185,480,000
Price\Range: HKD 0.066
Transaction Features: Subsequent Direct Listing Reported Earnings • Oct 01
First half 2024 earnings released: HK$0.06 loss per share (vs HK$0.061 loss in 1H 2023) First half 2024 results: HK$0.06 loss per share. Revenue: HK$93.7m (down 38% from 1H 2023). Net loss: HK$54.1m (loss widened 23% from 1H 2023). Revenue is expected to decline by 5.9% p.a. on average during the next 2 years, while revenues in the Professional Services industry in Asia are expected to grow by 8.8%. New Risk • Aug 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -HK$12m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-HK$12m free cash flow). Earnings have declined by 6.9% per year over the past 5 years. Market cap is less than US$10m (HK$69.1m market cap, or US$8.87m). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). New Risk • Aug 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$69.1m (US$8.87m) 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 Earnings have declined by 5.1% per year over the past 5 years. Market cap is less than US$10m (HK$69.1m market cap, or US$8.87m). Minor Risks Share price has been volatile over the past 3 months (10.0% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Board Change • Aug 01
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. 3 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Kwong Sang Liu was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 29
Graphex Group Limited to Report First Half, 2024 Results on Aug 29, 2024 Graphex Group Limited announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • May 10
Graphex Group Limited has completed a Follow-on Equity Offering in the amount of HKD 0.4296 million. Graphex Group Limited has completed a Follow-on Equity Offering in the amount of HKD 0.4296 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 2,400,000
Price\Range: HKD 0.179
Transaction Features: Subsequent Direct Listing Announcement • May 03
Graphex Group Limited announced delayed 20-F filing On 05/01/2024, Graphex Group Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. Announcement • May 01
Graphex Group Limited, Annual General Meeting, Jun 27, 2024 Graphex Group Limited, Annual General Meeting, Jun 27, 2024. Reported Earnings • Mar 30
Full year 2023 earnings released: HK$0.15 loss per share (vs HK$0.12 loss in FY 2022) Full year 2023 results: HK$0.15 loss per share (further deteriorated from HK$0.12 loss in FY 2022). Revenue: HK$291.9m (down 14% from FY 2022). Net loss: HK$113.2m (loss widened 63% from FY 2022). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Announcement • Feb 21
Graphex Group Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Graphex Group Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Announcement • Jan 29
Graphex Group Limited Announces Resignation of Chan Anthony Kaikwong as Independent Non-Executive Director The board of directors of Graphex Group Limited announced that Mr. Chan Anthony Kaikwong ("Mr. Chan") has tendered his resignation as an independent non-executive Director with effect from 28 January 2024 (Hong Kong Time) as he has reached a retirement age and would like to spend more time pursuing his personal business development. Announcement • Dec 07
An unknown buyer entered into a letter of intent (LOI) to acquire Graphex Technologies, LLC from Graphex Group Limited (SEHK:6128). An unknown buyer entered into a letter of intent (LOI) to acquire Graphex Technologies, LLC from Graphex Group Limited (SEHK:6128) on December 6, 2023. The pre-money enterprise value, net of liabilities, for Graphex Tech is anticipated to be between $100 and -$200 million but may vary subject to certain deliverables and market conditions at the time of closing of the transaction and post-transaction milestones. The consideration for the Acquisition will be paid by the Purchaser solely in shares of its common stock (“Consideration Shares”). The final consideration will be determined in the definitive agreement to be entered into by both parties after further negotiations. The definitive agreement is conditional upon the Acquisition being approved by shareholders at the general meetings of Graphex Group and the Purchaser, registration of the Consideration Shares and compliance with the Securities Act the Hong Kong Stock Exchange, the NASDAQ and NYSE. Graphex Group has agreed to negotiate with the Purchaser for at least 105 days and during such period will not seek an alternative transaction with a special purpose acquisition corporation that sells all or substantially all of the business of Graphex Tech. However, there can be no assurance that the Acquisition will be completed on acceptable terms or at all. The parties will work to close the Acquisition in the first half of 2024.
Upon the completion of the Acquisition, Graphex Group intends to distribute the Consideration Shares to all its shareholders on a pro rata basis. It is further expected that a new, independent Board of Directors will be strategically selected and that Graphex Tech’s Chief Executive Officer John DeMaio, will continue to lead the new public company after the completion of the Acquisition. Announcement • Oct 31
Graphex Group Limited Announces Change of Composition of the Board Committees The board of directors of Graphex Group Limited announced that with effect from 30 October 2023 (i) Mr. Ma Lida, a non-executive Director, has resigned as a member of the Audit Committee of the Company; (ii) Mr. Chan Yick Yan Andross, an executive Director, has resigned as a member of the Remuneration Committee of the Company; (iii) Mr. Lau Hing Tat Patrick, the Chairman of the Board and an executive Director, has resigned as the chairman and a member of the Nomination Committee of the Company; and (iv) Ms. Tam Ip Fong Sin, an independent non-executive Director, has been appointed as the chairlady of the Nomination Committee of the Company. Reported Earnings • Sep 03
First half 2023 earnings released: HK$0.061 loss per share (vs HK$0.12 loss in 1H 2022) First half 2023 results: HK$0.061 loss per share (improved from HK$0.12 loss in 1H 2022). Revenue: HK$151.3m (down 7.3% from 1H 2022). Net loss: HK$44.0m (loss narrowed 26% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings. Announcement • Aug 03
Graphex Group Limited to Report First Half, 2023 Results on Aug 30, 2023 Graphex Group Limited announced that they will report first half, 2023 results on Aug 30, 2023 Board Change • Jul 01
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. 4 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Kwong Sang Liu was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 24
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 9.5% 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 7.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Shareholders have been diluted in the past year (44% increase in shares outstanding). Market cap is less than US$100m (HK$458.7m market cap, or US$58.6m). Reported Earnings • Mar 31
Full year 2022 earnings released: HK$0.12 loss per share (vs HK$0.11 loss in FY 2021) Full year 2022 results: HK$0.12 loss per share (further deteriorated from HK$0.11 loss in FY 2021). Revenue: HK$341.2m (down 13% from FY 2021). Net loss: HK$69.7m (loss widened 30% from FY 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. Announcement • Feb 14
Graphex Group Limited (SEHK:6128) entered into the MOU to acquire 25.991% stake in Luobei Aoxing New Materials Co., Ltd. from Chen, and Hanom. Graphex Group Limited (SEHK:6128) entered into the MOU to acquire 25.991% stake in Luobei Aoxing New Materials Co., Ltd. from Chen, and Hanom on February 13, 2023. Transaction is subject to due diligence. Reported Earnings • Oct 05
First half 2022 earnings released: HK$0.12 loss per share (vs HK$0.13 loss in 1H 2021) First half 2022 results: HK$0.12 loss per share (improved from HK$0.13 loss in 1H 2021). Revenue: HK$163.1m (down 11% from 1H 2021). Net loss: HK$59.6m (loss narrowed 7.8% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 01
First half 2022 earnings released: HK$0.12 loss per share (vs HK$0.13 loss in 1H 2021) First half 2022 results: HK$0.12 loss per share (up from HK$0.13 loss in 1H 2021). Revenue: HK$163.1m (down 11% from 1H 2021). Net loss: HK$59.6m (loss narrowed 7.8% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Recent Insider Transactions Derivative • May 14
Executive Chairman exercised options to buy HK$4.6m worth of stock. On the 11th of May, Hing Tat Lau exercised options to buy 4m shares at a strike price of around HK$0.65, costing a total of HK$2.6m. This transaction amounted to 7.5% of their direct individual holding at the time of the trade. Since June 2021, Hing Tat has owned 55.22m shares directly. Company insiders have collectively bought HK$6.5m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Apr 01
Full year 2021 earnings released: HK$0.11 loss per share (vs HK$0.19 loss in FY 2020) Full year 2021 results: HK$0.11 loss per share (up from HK$0.19 loss in FY 2020). Revenue: HK$391.0m (flat on FY 2020). Net loss: HK$53.5m (loss narrowed 42% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Announcement • Aug 22
Graphex Group Limited Provides Earnings Guidance for the Six Months Ended 30 June 2021 Graphex Group Limited provided earnings guidance for the six months ended 30 June 2021. The Group expects to record a net loss attributable to shareholders of approximately HKD 65 million for the six months ended 30 June 2021, which represents an increase of over 30% for the same period of previous year. Executive Departure • Aug 09
Non-Executive Director Wenzhe Tu has left the company On the 5th of August, Wenzhe Tu's tenure as Non-Executive Director ended after less than a year in the role. As of March 2021, Wenzhe still personally held 1.00m shares (HK$960k worth at the time). Wenzhe is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 7.42 years. Reported Earnings • Apr 01
Full year 2020 earnings released: HK$0.21 loss per share (vs HK$0.13 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: HK$388.9m (up 24% from FY 2019). Net loss: HK$91.7m (loss widened 61% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Announcement • Mar 02
Earthasia International Holdings Limited to Report Fiscal Year 2020 Results on Mar 30, 2021 Earthasia International Holdings Limited announced that they will report fiscal year 2020 results on Mar 30, 2021 Announcement • Jan 29
Earthasia International Holdings Limited Appoints Tu Wenzhe as Non-Executive Director The board of directors of Earthasia International Holdings Limited announced that Mr. Tu Wenzhe has been appointed as non-executive director of the Company with effect from 28 January 2021. Mr. Tu Wenzhe graduated from The University of Melbourne with a master degree in Engineering Management. From March 2015 to June 2016, he joined GF Securities Co. Ltd., southern China Branch and served as the project manager in charge of various initial public offerings projects. Recent Insider Transactions • Jan 28
Executive Chairman recently bought HK$198k worth of stock On the 26th of January, Hing Lau bought around 330k shares on-market at roughly HK$0.60 per share. In the last 3 months, they made an even bigger purchase worth HK$312k. Hing has been a buyer over the last 12 months, purchasing a net total of HK$1.0m worth in shares. Is New 90 Day High Low • Dec 29
New 90-day low: HK$0.42 The company is down 90% from its price of HK$4.18 on 30 September 2020. The Hong Kong market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is down 8.0% over the same period. Recent Insider Transactions • Dec 24
Executive Director recently bought HK$178k worth of stock On the 23rd of December, Yick Chan bought around 50k shares on-market at roughly HK$3.55 per share. In the last 3 months, they made an even bigger purchase worth HK$380k. Insiders have collectively bought HK$2.1m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 01
Executive Director recently bought HK$185k worth of stock On the 27th of November, Yick Chan bought around 50k shares on-market at roughly HK$3.69 per share. In the last 3 months, they made an even bigger purchase worth HK$380k. Insiders have collectively bought HK$1.9m more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Nov 30
New 90-day low: HK$3.68 The company is down 8.0% from its price of HK$4.00 on 01 September 2020. The Hong Kong market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Professional Services industry, which is down 14% over the same period. Recent Insider Transactions • Oct 24
Executive Director recently bought HK$380k worth of stock On the 21st of October, Yick Chan bought around 100k shares on-market at roughly HK$3.80 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$1.7m more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Oct 05
New 90-day high: HK$4.30 The company is up 7.0% from its price of HK$4.01 on 07 July 2020. The Hong Kong market is down 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is down 16% over the same period. Announcement • Aug 04
Earthasia International Holdings Limited to Report First Half, 2020 Results on Aug 28, 2020 Earthasia International Holdings Limited announced that they will report first half, 2020 results on Aug 28, 2020 