Reported Earnings • Apr 28
Full year 2025 earnings released: HK$0.13 loss per share (vs HK$0.13 loss in FY 2024) Full year 2025 results: HK$0.13 loss per share (further deteriorated from HK$0.13 loss in FY 2024). Revenue: HK$149.7m (up 16% from FY 2024). Net loss: HK$110.0m (loss widened 44% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 28
Full year 2025 earnings released: HK$0.13 loss per share (vs HK$0.13 loss in FY 2024) Full year 2025 results: HK$0.13 loss per share (further deteriorated from HK$0.13 loss in FY 2024). Revenue: HK$149.7m (up 16% from FY 2024). Net loss: HK$110.0m (loss widened 44% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year. Announcement • Mar 27
Virtual Mind Holding Company Limited, Annual General Meeting, Jun 12, 2026 Virtual Mind Holding Company Limited, Annual General Meeting, Jun 12, 2026. Announcement • Mar 17
Virtual Mind Holding Company Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 Virtual Mind Holding Company Limited announced that they will report fiscal year 2025 results on Mar 27, 2026 New Risk • Jan 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$749.7m (US$96.1m) This is considered a minor 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 8.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (HK$749.7m market cap, or US$96.1m). Announcement • Jan 21
Virtual Mind Holding Company Limited has filed a Follow-on Equity Offering in the amount of HKD 51 million. Virtual Mind Holding Company Limited has filed a Follow-on Equity Offering in the amount of HKD 51 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 60,000,000
Price\Range: HKD 0.85
Discount Per Security: HKD 0.0255
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Jan 13
Executive Chairman recently bought HK$1.5m worth of stock On the 9th of January, Weiyi Mei bought around 2m shares on-market at roughly HK$1.00 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Weiyi's only on-market trade for the last 12 months. Reported Earnings • Aug 31
First half 2025 earnings released: HK$0.06 loss per share (vs HK$0.051 loss in 1H 2024) First half 2025 results: HK$0.06 loss per share (further deteriorated from HK$0.051 loss in 1H 2024). Revenue: HK$23.1m (down 23% from 1H 2024). Net loss: HK$42.7m (loss widened 52% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Announcement • Aug 30
Virtual Mind Holding Company Limited has filed a Follow-on Equity Offering in the amount of HKD 225 million. Virtual Mind Holding Company Limited has filed a Follow-on Equity Offering in the amount of HKD 225 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Security Features: Attached Warrants Announcement • Aug 18
Virtual Mind Holding Company Limited to Report First Half, 2025 Results on Aug 28, 2025 Virtual Mind Holding Company Limited announced that they will report first half, 2025 results on Aug 28, 2025 New Risk • Jul 31
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% 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 (19% average weekly change). Earnings have declined by 5.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). New Risk • Jul 16
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 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 5.0% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (HK$745.6m market cap, or US$95.0m). Announcement • Jul 15
Virtual Mind Holding Company Limited has filed a Follow-on Equity Offering in the amount of HKD 82.49248 million. Virtual Mind Holding Company Limited has filed a Follow-on Equity Offering in the amount of HKD 82.49248 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 158,639,385
Price\Range: HKD 0.52
Transaction Features: Subsequent Direct Listing Announcement • Jun 20
Virtual Mind Holding Company Limited Appoints Yeung Riviera as Independent Non-Executive Director with Effect from 17 June 2025 The Board of Virtual Mind Holding Company Limited provided further information regarding the appointment of Ms. Yeung Riviera ("Ms. Yeung") as an independent non-executive Director with effect from 17 June 2025. New Risk • May 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 47% 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 Earnings have declined by 5.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (HK$452.1m market cap, or US$58.3m). Announcement • Apr 30
Virtual Mind Holding Company Limited has completed a Follow-on Equity Offering in the amount of HKD 49.0608 million. Virtual Mind Holding Company Limited has completed a Follow-on Equity Offering in the amount of HKD 49.0608 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 122,652,000
Price\Range: HKD 0.4
Discount Per Security: HKD 0.012
Transaction Features: Subsequent Direct Listing New Risk • Apr 11
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 Earnings have declined by 5.0% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (HK$348.7m market cap, or US$45.0m). Announcement • Apr 08
Virtual Mind Holding Company Limited (SEHK:1520) entered into a memorandum of understanding to acquire 15% stake in N-Bridge Capital Group Limited from Wu Zheng and Mei Weiyi. Virtual Mind Holding Company Limited (SEHK:1520) entered into a memorandum of understanding to acquire 15% stake in N-Bridge Capital Group Limited from Wu Zheng and Mei Weiyi and on April 7, 2025. The consideration consists of common equity of Virtual Mind Holding Company Limited to be issued for common equity of N-Bridge Capital Group Limited. As part of consideration, an undisclosed value is paid towards common equity of N-Bridge Capital Group Limited.
The transaction is subject to the finalization and entering into of the formal agreement, due diligence, completion of a valuation report, passing by the shareholders at the extraordinary general meeting of Virtual Mind Holding Company Limited and the Listing Committee of the Stock Exchange granting the listing of, and permission to deal in, the Consideration Shares. Reported Earnings • Apr 02
Full year 2024 earnings released: HK$0.13 loss per share (vs HK$0.19 loss in FY 2023) Full year 2024 results: HK$0.13 loss per share (improved from HK$0.19 loss in FY 2023). Revenue: HK$129.6m (up 95% from FY 2023). Net loss: HK$76.6m (loss narrowed 18% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Announcement • Apr 01
Virtual Mind Holding Company Limited, Annual General Meeting, Jun 10, 2025 Virtual Mind Holding Company Limited, Annual General Meeting, Jun 10, 2025. New Risk • Mar 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.7% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (HK$274.9m market cap, or US$35.4m). Announcement • Mar 19
Virtual Mind Holding Company Limited to Report Fiscal Year 2024 Results on Mar 31, 2025 Virtual Mind Holding Company Limited announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Mar 31, 2025 Board Change • Dec 04
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 Anthea Lo 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. Announcement • Aug 20
Virtual Mind Holding Company Limited to Report First Half, 2024 Results on Aug 29, 2024 Virtual Mind Holding Company Limited announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • Aug 02
Virtual Mind Holding Company Limited Announces Executive Changes Virtual Mind Holding Company Limited announced that: Mr. Li Yang ("Mr. Li") ceased to be the chairman of the Board and will continue to act as an executive Director and hold all other positions within the Group; and Mr. Mei Weiyi ("Mr. Mei") has been appointed as an executive Director and the chairman of the Board, both with effect from 2 August 2024. Mr. Mei, aged 51, holds a bachelor degree of engineering in computer sciences from Zhejiang University and a master degree of business administration from the University of Alberta, Canada. He has over 20 years of experience in global investment and served as the deputy chief executive officer of China Life Franklin Asset Management Co., Limited, the chief executive officer of Shandong High-Speed Holdings Group Limited (formerly known as China Shandong Hi-Speed Financial Group Limited, a company whose shares are listed on the main board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), stock code: 412) and the deputy general manager of China Re Asset Management (Hong Kong) Company Limited, etc. Mr. Mei also served as a non-executive director of Huadian Fuxin Energy Corporation Limited (a company whose shares were listed on the main board of the Stock Exchange and withdrawn from listing upon privatization on 29 September 2020, stock code: 816) and an independent non-executive director of IPE Group Limited (a company whose shares are listed on the main board of the Stock Exchange, stock code: 929). Mr. Mei has entered into a service agreement with the Company on 2 August 2024 for a term of three years commencing from 2 August 2024 and continues thereafter until terminated by not less than three months' notice in writing served by either party on the other. He will be subject to re-election at the next annual general meeting of the Company after his appointment and thereafter subject to retirement by rotation and re-election at least once every three years in accordance with the articles of association of the Company. Mr. Mei is entitled to a director's fee of HK$250,000 per month, which is determined by the remuneration committee of the Company based on his skill, knowledge and expected involvement in the Company, profitability of the Company, remuneration benchmarks in the industry, and prevailing market conditions, and a year-end discretionary bonus to be determined by the Board. The Board would like to welcome Mr. Mei for joining the Board. New Risk • Aug 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 9.8% 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 1.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (HK$114.8m market cap, or US$14.7m). Announcement • Jun 05
Virtual Mind Holding Company Limited, Annual General Meeting, Jun 26, 2024 Virtual Mind Holding Company Limited, Annual General Meeting, Jun 26, 2024, at 11:00 China Standard Time. Location: room 2511-15, 25/f, peninsula tower, 538 castle peak road, cheung sha wan, kowloon, Hong Kong Reported Earnings • Mar 29
Full year 2023 earnings released: HK$0.048 loss per share (vs HK$0.036 loss in FY 2022) Full year 2023 results: HK$0.048 loss per share (further deteriorated from HK$0.036 loss in FY 2022). Revenue: HK$66.3m (down 26% from FY 2022). Net loss: HK$93.7m (loss widened 42% from FY 2022). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Mar 15
Virtual Mind Holding Company Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Virtual Mind Holding Company Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Announcement • Feb 03
Virtual Mind Holding Company Limited has filed a Follow-on Equity Offering in the amount of HKD 40 million. Virtual Mind Holding Company Limited has filed a Follow-on Equity Offering in the amount of HKD 40 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 400,000,000
Price\Range: HKD 0.1
Transaction Features: Subsequent Direct Listing Announcement • Nov 30
Virtual Mind Holding Company Limited announced that it expects to receive HKD 25.4772 million in funding Virtual Mind Holding Company Limited announced a private placement of up to 202,200,000 shares at a price of HKD 0.126 per share for gross proceeds of up to HKD 25,477,200 on November 29, 2023. Announcement • Oct 18
Virtual Mind Holding Company Limited (SEHK:1520) entered into memorandum of understanding to acquire Magical Year Enterprises Limited from Innovest Investment Fund SPC - Innovest Hong Kong Rental Income Fund SP. Virtual Mind Holding Company Limited (SEHK:1520) entered into memorandum of understanding to acquire Magical Year Enterprises Limited from Innovest Investment Fund SPC - Innovest Hong Kong Rental Income Fund SP on October 16, 2023. The transaction is subject to due diligence. Announcement • Oct 07
Virtual Mind Holding Company Limited Announces Appointment of Wong Wai Kai Richard as Executive Director, Effect from 6 October 2023 Virtual Mind Holding Company Limited announced that Mr. Wong Wai Kai Richard has been appointed as an executive Director with effect from 6 October 2023. The biographical details of Mr. Wong are set out below: Mr. Wong, aged 25, graduated from Brown University, an Ivy League university located in Providence, Rhode Island, the United States, who completed his Double Bachelor of Arts degree in International Relations and Economics in 2020 with a focus in Political Economy and Society. He became a sixth cohort Schwarzman Scholar and earned a Master of Management Science in Global Affairs at Tsinghua University Schwarzman College in 2022. Prior to joining the Company, Mr. Wong was a director and vice president of Beijing Hua Rui Guang Nian Cultural Development Co. Limited The entertainment group, a division of Harves, is focused on developing next generation cultural experiences for youth and their families in China. The ground-breaking and exclusive partnership with Manchester United brings immersive entertainment experience to cities across China. Mr. Wong was tasked with business development. Reported Earnings • Sep 04
First half 2023 earnings released: HK$0.011 loss per share (vs HK$0.023 loss in 1H 2022) First half 2023 results: HK$0.011 loss per share (improved from HK$0.023 loss in 1H 2022). Revenue: HK$31.9m (up 38% from 1H 2022). Net loss: HK$21.3m (loss narrowed 48% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Sep 01
Virtual Mind Holding Company Limited Announces Resignation of Cheung Ka Lung as Executive Director and Deputy Chief Executive Officer Virtual Mind Holding Company Limited announces that with effect from 31 August 2023, Mr. Cheung Ka Lung resigned as an executive Director and Deputy Chief Executive Officer of the Company as he would like to devote more time to his other business commitments. Mr. Cheung confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. Announcement • Aug 18
Virtual Mind Holding Company Limited to Report First Half, 2023 Results on Aug 29, 2023 Virtual Mind Holding Company Limited announced that they will report first half, 2023 results on Aug 29, 2023 New Risk • Jul 21
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 13% 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 Less than 1 year of cash runway based on free cash flow trend (-HK$82m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 8.2% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Market cap is less than US$100m (HK$364.5m market cap, or US$46.6m). New Risk • Jun 17
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 9.4% 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 Less than 1 year of cash runway based on free cash flow trend (-HK$82m free cash flow). Earnings have declined by 8.2% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (HK$342.2m market cap, or US$43.8m). Announcement • May 19
Virtual Mind Holding Company Limited, Annual General Meeting, Jun 09, 2023 Virtual Mind Holding Company Limited, Annual General Meeting, Jun 09, 2023, at 11:00 China Standard Time. Location: Room 2511-15, 25/F, Peninsula Tower, 538 Castle Peak Road, Cheung Sha Wan Kowloon Hong Kong Agenda: To receive the audited consolidated financial statements of the Company and its subsidiaries and the reports of the directors of the Company and the auditor of the Company for the year ended 31 December 2022; to consider reelections of directors; to authorize the board of Directors to fix the Directors' remunerations; to re-appoint BDO Limited as the Auditor and to authorize the Board to fix its remuneration; and to consider rother matters. Reported Earnings • Apr 01
Full year 2022 earnings released: HK$0.036 loss per share (vs HK$0.027 loss in FY 2021) Full year 2022 results: HK$0.036 loss per share (further deteriorated from HK$0.027 loss in FY 2021). Revenue: HK$89.6m (down 36% from FY 2021). Net loss: HK$65.9m (loss widened 42% from FY 2021). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. 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. 5 non-independent directors. Independent Non-Executive Director Anthea Lo 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 • Sep 01
First half 2022 earnings released: HK$0.023 loss per share (vs HK$0.012 loss in 1H 2021) First half 2022 results: HK$0.023 loss per share (down from HK$0.012 loss in 1H 2021). Revenue: HK$23.2m (down 28% from 1H 2021). Net loss: HK$41.0m (loss widened 100% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 20
Virtual Mind Holding Company Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2022 Virtual Mind Holding Company Limited provided consolidated earnings guidance for the six months ended 30 June 2022. The group is expected to record a significant increase of not less than 90% in loss attributable to owners of the company for the period as compared to the loss of approximately HKD 20,522,000 attributable to owners of the Company for the same period in 2021. Announcement • Aug 19
Virtual Mind Holding Company Limited to Report Q2, 2022 Results on Aug 30, 2022 Virtual Mind Holding Company Limited announced that they will report Q2, 2022 results on Aug 30, 2022 Announcement • Jul 28
Virtual Mind Holding Company Limited announced that it expects to receive HKD 15 million in funding Virtual Mind Holding Company Limited announced a private placement of unsecured redeemable convertible bonds on best efforts basis for gross proceeds of HKD 15,000,000 on July 27, 2022. The bonds carry a coupon rate of 10% and has a term period of 2 years. In the case of the conversion rights having been exercised in full at the initial conversion price of HKD 0.25, a maximum of 60,000,000 new shares will be allotted and issued by the company. The maturity date is the date which falls on the second anniversary of the first issue date. The company will receive net proceeds of HKD 14,850,000 Announcement • Jul 16
Virtual Mind Holding Company Limited (SEHK:1520) completed the acquisition of Chengdu Dreamtoys Cultural Creativity Company Limited from Zeng Ge. CEFC Hong Kong Financial Investment Company Limited (SEHK:1520) entered into a non binding letter of agreement to acquire Chengdu Dreamtoys Cultural Creativity Company Limited from Zeng Ge on December 21, 2021. The deal is subject to due diligence, approval by shareholders of Virtual Mind Holding Company and approval for the listing of, and permission to deal in, the consideration shares by the Listing Committee of the Stock Exchange. As of January 25, 2022, CEFC Hong Kong Financial Investment Company entered into an agreement to acquire Chengdu Dreamtoys Cultural Creativity Company from Zeng Ge for HKD 44 million. Under the terms, CEFC will pay HKD 4.4 million in cash and the remaining consideration will be satisfied by the allotment and issue of 180 million shares at a price of HKD 0.22 per share. The remaining consideration will be satisfied in batches of HKD 26.4 million, subject to lock-up agreement and HKD 13.2 million as profit guarantee subject to escrow agreement and lock-up agreement. The cash consideration will be funded by internal resources. In the year ending on December 31, 2021, Chengdu Dreamtoys Cultural Creativity Company had a net loss before and after tax of HKD 2.7 million, total assets of HKD 10.7 million and net liabilities of HKD 2.4 million. The deal is subject to regulatory approval. As of June 2, 2022, the deal has been approved by the shareholders of Virtual Mind Holding Company Limited.
Virtual Mind Holding Company Limited (SEHK:1520) completed the acquisition of Chengdu Dreamtoys Cultural Creativity Company Limited from Zeng Ge on July 15, 2022. Under the revised terms, Virtual Mind Holding Company will issue a promissory note of HKD 4.4 million instead of cash. Announcement • May 31
Virtual Mind Holding Company Limited, Annual General Meeting, Jun 21, 2022 Virtual Mind Holding Company Limited, Annual General Meeting, Jun 21, 2022, at 11:00 China Standard Time. Location: Room 706, 7/F., Capital Centre, 151 Gloucester Road, Wanchai Hong Kong China Agenda: To receive the audited consolidated financial statements of the Company and its subsidiaries (the "Group") and the reports of the directors (the "Directors") of the Company and the auditor of the Company (the "Auditor") for the year ended 31 December 2021; to discuss the re-elect of the following retiring Directors; to authorize the board of Directors (the "Board")to fix the Directors' remunerations; to re-appoint BDO Limited as the Auditor and to authorize the Board to fix its remuneration; to consider and, if thought fit, pass the following resolutions as ordinary resolutions (with or without modification): and to discuss other related matters. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Wing Sze Lo 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 30
Full year 2021 earnings released: HK$0.027 loss per share (vs HK$0.04 loss in FY 2020) Full year 2021 results: HK$0.027 loss per share (up from HK$0.04 loss in FY 2020). Revenue: HK$139.8m (up 22% from FY 2020). Net loss: HK$46.3m (loss narrowed 32% from FY 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jan 18
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 Wing Sze Lo 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. Announcement • Jan 07
CEFC Hong Kong Financial Investment Company Limited announced that it has received HKD 35 million in funding On January 6, 2022, CEFC Hong Kong Financial Investment Company Limited closed the transaction. Announcement • Dec 15
CEFC Hong Kong Financial Investment Company Limited announced that it expects to receive HKD 35 million in funding CEFC Hong Kong Financial Investment Company Limited announced a private placement of convertible notes on best efforts basis for gross proceeds of HKD 35,000,000 on December 13, 2021. The transaction will include participation from not less than six placees. In the case of the conversion rights having been exercised in full at the initial conversion price of HKD 0.1496, a maximum of 233,957,219 new Shares will be allotted and issued by the company. The maturity date is the date which falls on the third anniversary of the first issue date. The notes carry a fixed rate of interest of 2% per annum. The company will receive net proceeds of HKD 34,125,000. Reported Earnings • Sep 05
First half 2021 earnings released: HK$0.012 loss per share (vs HK$0.017 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: HK$32.1m (up 106% from 1H 2020). Net loss: HK$20.5m (loss narrowed 28% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 5% per year. Recent Insider Transactions • Aug 06
Insider recently sold HK$7.2m worth of stock On the 29th of July, Liquan Cheng sold around 40m shares on-market at roughly HK$0.18 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$31m more than they bought in the last 12 months. Recent Insider Transactions • May 18
Chairman of the Board recently sold HK$1.9m worth of stock On the 12th of May, Yat Yu Tin sold around 9m shares on-market at roughly HK$0.21 per share. In the last 3 months, they made an even bigger sale worth HK$8.2m. Yat Yu has been a seller over the last 12 months, reducing personal holdings by HK$15m. Reported Earnings • Apr 28
Full year 2020 earnings released: HK$0.04 loss per share (vs HK$0.045 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: HK$114.5m (down 28% from FY 2019). Net loss: HK$68.1m (loss narrowed 11% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Apr 11
Chairman of the Board recently sold HK$2.1m worth of stock On the 7th of April, Yat Yu Tin sold around 10m shares on-market at roughly HK$0.21 per share. This was the largest sale by an insider in the last 3 months. This was Yat Yu's only on-market trade for the last 12 months. Reported Earnings • Apr 01
Full year 2020 earnings released: HK$0.04 loss per share (vs HK$0.045 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: HK$114.5m (down 28% from FY 2019). Net loss: HK$68.1m (loss narrowed 11% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Mar 18
CEFC Hong Kong Financial Investment Company Limited to Report Fiscal Year 2020 Results on Mar 31, 2021 CEFC Hong Kong Financial Investment Company Limited announced that they will report fiscal year 2020 results on Mar 31, 2021 Is New 90 Day High Low • Mar 01
New 90-day high: HK$0.21 The company is up 117% from its price of HK$0.096 on 01 December 2020. The Hong Kong market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 14% over the same period. Is New 90 Day High Low • Feb 17
New 90-day high: HK$0.21 The company is up 63% from its price of HK$0.13 on 19 November 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 29% over the same period. Announcement • Jan 24
CEFC Hong Kong Financial Investment Company Limited Appoints Lo Wing Sze JP as Independent Non-Executive Director and Member of Audit Committee The board of directors of CEFC Hong Kong Financial Investment Company Limited announced that Ms. Lo Wing Sze JP (Ms. Lo) has been appointed as an independent non-executive Director and a member of the audit committee of the Company with effect from 22 January 2021. Ms. Lo has been the financial director of Million Tour Limited since 1999. Ms. Lo has been a member of HKSAR Advisory Committee on Admission of Quality Migrants and Professionals since July 2018, a member of HKSAR Museum Advisory Committee since October 2016, a member of HKSAR Social Welfare Advisory Committee since December 2015 and a co-opted member of the finance and management working group of HKSAR Chinese Temples Committee since October 2015. Announcement • Jan 20
CEFC Hong Kong Financial Investment Company Limited Announces Board Changes CEFC Hong Kong Financial Investment Company Limited announced that with effect from 18 January 2021, Ms. Tin Yat Yu Carol, an executive Director, has been appointed as the chairman of the Board, the chairman of each of the nomination committee and the corporate governance committee of the Company and a member of the remuneration committee of the Company. Professor Wu Fei has resigned as an independent non-executive Director and has ceased to be the chairman of the remuneration committee of the Company and a member of audit committee of the Company and Mr. Tang Shu Pui Simon, an independent non-executive Director, has been appointed as
the chairman of the remuneration committee of the Company. Announcement • Jan 12
CEFC Hong Kong Financial Investment Company Limited Announces Executive Changes CEFC Hong Kong Financial Investment Company Limited announced that effective January 11, 2021, Mr. GUO Lin has resigned as the Chairman and an executive Director, and has ceased to be the chairman of the corporate governance committee and the nomination committee and a member of the remuneration committee of the Company; Mr. JIANG Mingsheng has resigned as an executive Director; Mr. JIANG Tianqing has resigned as an executive Director and has ceased to be a member of the remuneration committee of the Company and an authorised representative of the Company; and Ms. TIN Yat Yu Carol, an executive Director, has replaced Mr. JIANG Tianqing as an authorised representative of the Company. The Board announced that with effect from 11 January 2021, Ms. Tin Yat Yu Carol, an executive Director, has replaced Mr. Jiang TQ as an authorised representative of the Company. Announcement • Dec 04
CEFC Hong Kong Financial Investment Company Limited Announces Changes in Composition of the Board Committees CEFC Hong Kong Financial Investment Company Limited (the Company) dated 7 September 2020 (the Announcement) in relation to the Company's non-compliance with the Listing Rules following the resignation of an independent non-executive director. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement. The Audit Committee: The board of directors would like to announce that, with effect from 3 December 2020: Mr. Hon Ming Sang has been appointed as the chairman of the Audit Committee; and Professor Wu Fei has been appointed as a member of the Audit Committee. The Audit Committee now comprises three independent non-executive Directors, namely Mr. Hon as the chairman, and Mr. Tang Shu Pui Simon and Professor Wu as members. The Remuneration Committee: The Board would like to announce that Professor Wu has been appointed as a member and the chairman of the Remuneration Committee with effect from 3 December 2020. The Remuneration Committee now comprises three independent non-executive Directors, namely Professor Wu as the chairman and Mr. Tang Shu Pui Simon and Mr. Hon as members; and two executive Directors, namely Mr. Guo Lin (chairman of the Board) and Mr. Jiang Tianqing as members. The Nomination Committee: The Board would like to announce that Mr. Jiang has ceased to be a member of the Nomination Committee with effect from 3 December 2020. The Nomination Committee now comprised one executive Director, namely Mr. Guo Lin (chairman of the Board) as the chairman and two independent non-executive Directors, namely Mr. Tang Shu Pui Simon and Mr. Hon as members. The Corporate Governance Committee: The Board would like to announce that Mr. Jiang has ceased to be a member of the Corporate Governance Committee with effect from 3 December 2020. The Corporate Governance Committee now comprises one executive Director, namely Mr. Guo Lin (chairman of the Board) as the chairman and two independent non-executive Directors, namely Mr. Tang Shu Pui Simon and Mr. Hon as members. Reported Earnings • Sep 19
First half earnings released Over the last 12 months the company has reported total losses of HK$75.4m, with losses widening by 67% from the prior year. Total revenue was HK$142.6m over the last 12 months, down 27% from the prior year. Announcement • Aug 23
CEFC Hong Kong Financial Investment Company Limited to Report First Half, 2020 Results on Aug 27, 2020 CEFC Hong Kong Financial Investment Company Limited announced that they will report first half, 2020 results on Aug 27, 2020