Board Change • Apr 02
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Executive Chairperson & CEO Alice Wong is the most experienced director on the board, commencing their role in 2017. Independent Non-Executive Director Jing Wu was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. New Risk • Jan 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Market cap is less than US$10m (HK$46.9m market cap, or US$6.01m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Jan 22
Sterling Group Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 6.912 million. Sterling Group Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 6.912 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 69,120,000
Price\Range: HKD 0.1
Discount Per Security: HKD 0.002
Transaction Features: Subsequent Direct Listing Announcement • Dec 29
Sterling Group Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 6.912 million. Sterling Group Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 6.912 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 69,120,000
Price\Range: HKD 0.1
Discount Per Security: HKD 0.002
Transaction Features: Subsequent Direct Listing Reported Earnings • Nov 30
First half 2026 earnings released: HK$0.022 loss per share (vs HK$0.013 profit in 1H 2025) First half 2026 results: HK$0.022 loss per share (down from HK$0.013 profit in 1H 2025). Revenue: HK$179.2m (down 35% from 1H 2025). Net loss: HK$7.61m (down 337% from profit in 1H 2025). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Board Change • Nov 19
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, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Jing Wu was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Nov 11
Sterling Group Holdings Limited to Report Q2, 2026 Results on Nov 28, 2025 Sterling Group Holdings Limited announced that they will report Q2, 2026 results on Nov 28, 2025 New Risk • Sep 24
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). Market cap is less than US$10m (HK$61.5m market cap, or US$7.91m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Aug 01
Sterling Group Holdings Limited Auditor Raises 'Going Concern' Doubt Sterling Group Holdings Limited filed its Annual on Jul 30, 2025 for the period ending Mar 31, 2025. In this report its auditor, Baker Tilly Hong Kong Limited, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Reported Earnings • Jul 31
Full year 2025 earnings released: HK$0.022 loss per share (vs HK$0.076 loss in FY 2024) Full year 2025 results: HK$0.022 loss per share (improved from HK$0.076 loss in FY 2024). Revenue: HK$477.7m (down 16% from FY 2024). Net loss: HK$6.14m (loss narrowed 67% from FY 2024). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Jul 30
Sterling Group Holdings Limited, Annual General Meeting, Sep 29, 2025 Sterling Group Holdings Limited, Annual General Meeting, Sep 29, 2025, at 13:00 China Standard Time. Location: 19/f. win plaza, 9 sheung hei street, san po kong, kowloon., Hong Kong Reported Earnings • Jul 02
Full year 2025 earnings released: HK$0.022 loss per share (vs HK$0.076 loss in FY 2024) Full year 2025 results: HK$0.022 loss per share (improved from HK$0.076 loss in FY 2024). Revenue: HK$477.7m (down 16% from FY 2024). Net loss: HK$6.14m (loss narrowed 67% from FY 2024). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Jun 21
Sterling Group Holdings Limited Announces Resignation of Chow Yun Cheung as Independent Non-Executive Director, Effective 20 June 2025 The board of directors of Sterling Group Holdings Limited announces that Mr. Chow Yun Cheung has tendered his resignation as independent non-executive Director, member of each of the remuneration committee (the "Remuneration Committee"), the audit committee (the "Audit Committee") and nomination committee (the "Nomination Committee"), with effect from 20 June 2025 so as to allow him to devote more time for his other business commitments. Announcement • Jun 18
Sterling Group Holdings Limited to Report Fiscal Year 2025 Results on Jun 30, 2025 Sterling Group Holdings Limited announced that they will report fiscal year 2025 results at 4:00 PM, China Standard Time on Jun 30, 2025 New Risk • May 12
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: Major Risks Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Market cap is less than US$10m (HK$32.5m market cap, or US$4.17m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). New Risk • Jan 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% 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 Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Market cap is less than US$10m (HK$28.0m market cap, or US$3.59m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Announcement • Jan 02
Sterling Group Holdings Limited Announces Executive Changes The board of directors of Sterling Group Holdings Limited announced that with effect from 31 December 2024: Mr. Kwong Lun Kei Victor has tendered his resignation as a joint company secretary of the Company. Mr. Yiu Chun Wing has tendered his resignation as a joint company secretary of the Company. The Board further announced that, with effect from 31 December 2024, following the resignation of Mr. Kwong and Mr. Yiu, Mr. Wong Sai Hung has been appointed as a company secretary of the Company. The biographical details of Mr. Wong are set forth below: Mr. Wong has been a practicing solicitor in Hong Kong since 2010 and is currently a partner of a law firm in Hong Kong. Mr. Wong obtained his Bachelor of Commerce degree from the University of Toronto and his Bachelor of Laws degree from the City University of Hong Kong in 2006. He obtained the Postgraduate Certificate in Laws from the University of Hong Kong in 2008. Buy Or Sell Opportunity • Jan 02
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to HK$0.081. The fair value is estimated to be HK$0.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Meanwhile, the company became loss making. Announcement • Dec 17
Sterling Group Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 4.032 million. Sterling Group Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 4.032 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 57,600,000
Price\Range: HKD 0.07
Discount Per Security: HKD 0.0014
Transaction Features: Subsequent Direct Listing New Risk • Dec 06
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 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (HK$23.3m market cap, or US$3.00m). 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). Reported Earnings • Dec 01
First half 2025 earnings released: EPS: HK$0.013 (vs HK$0.033 loss in 1H 2024) First half 2025 results: EPS: HK$0.013 (up from HK$0.033 loss in 1H 2024). Revenue: HK$273.6m (down 15% from 1H 2024). Net income: HK$3.21m (up HK$11.2m from 1H 2024). Profit margin: 1.2% (up from net loss in 1H 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Board Change • Nov 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Non-Executive Director Yun Cheung Chow was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 15
Sterling Group Holdings Limited to Report First Half, 2025 Results on Nov 28, 2024 Sterling Group Holdings Limited announced that they will report first half, 2025 results on Nov 28, 2024 New Risk • Aug 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (HK$34.0m market cap, or US$4.36m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Aug 17
Sterling Group Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 5.28 million. Sterling Group Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 5.28 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 48,000,000
Price\Range: HKD 0.11
Discount Per Security: HKD 0.0033
Transaction Features: Subsequent Direct Listing Announcement • Jul 24
Sterling Group Holdings Limited, Annual General Meeting, Sep 24, 2024 Sterling Group Holdings Limited, Annual General Meeting, Sep 24, 2024, at 13:00 China Standard Time. Location: 9/f., win plaza, 9 sheung hei street, san po kong, kowloon, Hong Kong Reported Earnings • Jul 01
Full year 2024 earnings released: HK$0.076 loss per share (vs HK$0.093 profit in FY 2023) Full year 2024 results: HK$0.076 loss per share (down from HK$0.093 profit in FY 2023). Revenue: HK$571.4m (down 8.3% from FY 2023). Net loss: HK$18.4m (down 192% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 62% per year, which means it is significantly lagging earnings. Announcement • Jun 27
Sterling Group Holdings Limited Announces Resignation of Tsang Ho Yin as Independent Non-Executive Director, Chairman of the Remuneration Committee and Member of Each of the Audit Committee, Nomination Committee and Compliance Committee of the Board Sterling Group Holdings Limited announced that Mr. Tsang Ho Yin ("Mr. Tsang") has tendered his resignation as independent non-executive Director, chairman of the remuneration committee (the "Remuneration Committee") and member of each of the audit committee (the "Audit Committee"), nomination committee (the "Nomination Committee") and compliance committee of the Board, with effect from 26 June 2024 so as to allow him to devote more time for his other business commitments. Announcement • Jun 14
Sterling Group Holdings Limited to Report Fiscal Year 2024 Results on Jun 27, 2024 Sterling Group Holdings Limited announced that they will report fiscal year 2024 results on Jun 27, 2024 Announcement • Mar 08
Sterling Group Holdings Limited Appoints Ma Jian as Executive Director Sterling Group Holdings Limited announced that, Mr. Ma Jian has been appointed as an executive Director with effect from 8 March 2024. The biography of Mr. Ma is set out below: Mr. Ma, aged 39, has extensive experience in system development and communication engineering. He was an engineer of Chongqing Yunri Information Technology Limited from January 2014 to February 2024 and was responsible for managing and delivery of telecommunication engineering and network maintenance. Mr. Ma obtained a bachelor's degree in Communication Engineering from NanchangUniversity in 2006. He is also concurrently serving as the Independent Non-Executive Director of CROSSTEC Group Holdings Limited (stock code: 3893), the issued shares of which is listed on the Main Board of the Stock Exchange since July 2023. Board Change • Feb 01
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 Henry Choi 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. Announcement • Feb 01
Sterling Group Holdings Limited Announces Board Changes Sterling Group Holdings Limited announces that with effect from 31 January 2024: Mr. Choi Wai Hin has tendered his resignation as an independent non- executive Director due to his other business engagements and will cease to be the chairperson of the audit committee of the Company and a member of each of the remuneration committee and nomination committee of the Company upon his resignation as an independent non-executive Director; and Ms. Wong Wing Yee has resigned as a joint company secretary of the Company due to her other personal work arrangements. Mr. Chow, aged 44, has over 20 years of experience in the accounting, corporate finance and compliance fields. Mr. Chow obtained a bachelor's degree of business administration in 2001 from The Chinese University of Hong Kong. He is a member of the Hong Kong Institute of Certified Public Accountants. Mr. Chow had served as the independent non-executive director of various listed companies in Hong Kong, including Hon Corporation Limited from January 2022 to May 2022, Echo International Holdings Group Limited from January 2021 to March 2023, and China Shenghai Group Limited from November 2022 to July 2023. Since February 2018, Mr. Chow has been appointed as a non-executive director of Industronics Berhad, the issued shares of which are listed on Bursa Malaysia (the stock exchange in Malaysia). Since August 2019, Mr. Chow has been serving as an independent non-executive director of Moody Technology Holdings Limited, the issued shares of which are listed on the Main Board of the Stock Exchange. He is also concurrently serving as the company secretary of CROSSTEC Group Holdings Limited and the financial controller and company secretary of Titan Invo Technology Limited, the issued shares of both of which are listed on the Main Board of the Stock Exchange. Mr. Yiu, aged 42, has over 15 years of experience in auditing, accounting and financial management. Mr. Yiu obtained a bachelor's degree of business administration in accounting from the Hong Kong University of Science and Technology in November 2004. He was admitted as a certified public accountant of the Hong Kong Institute of Certified Public Accountants in May 2010. He was an independent non-executive Director of B&D Strategic Holdings Limited, a company listed on the Main Board of the Stock Exchange from April 2019 to January 2020. From November 2018 to June 2021, he was the financial controller and company secretary of Tin Shing Group Holdings Limited. Since December 2022, Mr. Yiu has served as an independent non-executive director of China Wah Yan Healthcare Limited, a company listed on the Main Board of the Stock Exchange. He has also served as a company secretary of WellCell Holdings Co., Limited a company listed on the Main Board of the Stock Exchange since July 2021. Announcement • Jan 29
Sterling Group Holdings Limited Announces Management Changes The board of directors of Sterling Group Holdings Limited hereby announced that Mr. Siu Yik Ming has resigned as the authorized representative of the Company (the "Authorized Representative") under Rule 3.05 of theRules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") with effect from 29 January 2024. The Board announced that, with effect from 29 January 2024, Mr. Leung Ka Wai ("Mr. Leung") has been appointed as an executive Director and an Authorized Representative with effect from 29 January 2024. The biography of Mr. Leung is set out below: Mr. Leung, aged 31, has over 10 years of experience in business management and customer development. From May 2012 to April 2015, Mr. Leung served as a manager of Skydragon Logistics Co., Limited, where he was principally responsible for the liaison of logisticarrangements with external parties and overseeing the operation of its Hong Kong branch office. He then served as the customer service officer of SecureCom Media Limited from October 2015 to March 2017 and was mainly responsible for overseeing the operation of the said company and develop new customers in Hong Kong and the PRC. Since September 2023, Mr. Leung has served as the chairman of the board of Hongtai Mandi Technology (Zhuhai) Co., Limited, where he leads the research and development of online games, software and telecommunication technology and related services. Hongtai Mandi is an indirect wholly-owned subsidiary of Moody TechnologyHoldings Limited (stock code: 1400), the shares of which are listed on the Stock Exchange. Recent Insider Transactions • Dec 22
Executive Chairman & CEO recently sold HK$9.0m worth of stock On the 18th of December, Mei Wai Wong sold around 40m shares on-market at roughly HK$0.22 per share. This transaction amounted to 100% 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 Mei Wai's only on-market trade for the last 12 months. New Risk • Dec 01
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 16% 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 Interest payments are not well covered by earnings (2.8x net interest cover). Share price has been highly volatile over the past 3 months (16% average weekly change). Market cap is less than US$10m (HK$41.5m market cap, or US$5.31m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Reported Earnings • Nov 30
First half 2024 earnings released: HK$0.033 loss per share (vs HK$0.057 profit in 1H 2023) First half 2024 results: HK$0.033 loss per share (down from HK$0.057 profit in 1H 2023). Revenue: HK$322.2m (down 4.6% from 1H 2023). Net loss: HK$7.96m (down 170% from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Nov 23
Sterling Group Holdings Limited Provides Preliminary Unaudited Consolidated Group Earnings Guidance for the Six Months Ended 30 September 2023 Sterling Group Holdings Limited provided preliminary unaudited consolidated group earnings guidance for the six months ended 30 September 2023. For the period, the group expects to record a net loss of not less than HKD 7 million. Before recording an expected credit loss recognised on trade and other receivables (ECL) of approximately HKD 15 million, the Group expects to record a net profit of about HKD 8 million for the Period as compared to the net profit of approximately HKD 11.3 million for the six months ended 30 September 2022. The net loss of the Group for the Period was principally due to: the provision of ECL of approximately HKD 15 million for one of the Group's trade debtors from the United States of America (the U.S. Customer). On 28 June 2023, the U.S. Customer filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy code, further details of which are set out in the Company's inside information announcement dated 4 July 2023; and slight decrease in revenue and higher finance costs during the Period. Announcement • Nov 18
Sterling Group Holdings Limited to Report First Half, 2024 Results on Nov 29, 2023 Sterling Group Holdings Limited announced that they will report first half, 2024 results on Nov 29, 2023 Reported Earnings • Jul 30
Full year 2023 earnings released: EPS: HK$0.093 (vs HK$0.19 loss in FY 2022) Full year 2023 results: EPS: HK$0.093 (up from HK$0.19 loss in FY 2022). Revenue: HK$623.4m (up 37% from FY 2022). Net income: HK$19.9m (up HK$58.8m from FY 2022). Profit margin: 3.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Jul 29
Sterling Group Holdings Limited, Annual General Meeting, Sep 01, 2023 Sterling Group Holdings Limited, Annual General Meeting, Sep 01, 2023, at 11:30 China Standard Time. Location: 19/F., Win Plaza, 9 Sheung Hei Street, San Po Kong, San Po Kong Kowloon Hong Kong Agenda: To consider and approve the audited consolidated financial statements and the directors' report of the Company and the independent auditor's report for the year ended 31 March 2023; to consider re-appoint Baker Tilly Hong Kong Limited as auditors of the Company and to authorise the board of directors of the Company to fix their remuneration; to consider re-elect Mr. Siu Yik Ming as an executive director of the Company; to consider and, if thought fit, pass with or without amendments; and to consider other matters. New Risk • Jun 29
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 265% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (HK$29.3m market cap, or US$3.74m). Minor Risks High level of debt (265% net debt to equity). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Reported Earnings • Jun 29
Full year 2023 earnings released: EPS: HK$0.093 (vs HK$0.19 loss in FY 2022) Full year 2023 results: EPS: HK$0.093 (up from HK$0.19 loss in FY 2022). Revenue: HK$623.4m (up 37% from FY 2022). Net income: HK$19.9m (up HK$58.8m from FY 2022). Profit margin: 3.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Jun 13
Sterling Group Holdings Limited to Report Fiscal Year 2023 Results on Jun 28, 2023 Sterling Group Holdings Limited announced that they will report fiscal year 2023 results on Jun 28, 2023 Announcement • Dec 06
Sterling Group Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 4.8 million. Sterling Group Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 4.8 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,000,000
Price\Range: HKD 0.12
Discount Per Security: HKD 0.0006
Transaction Features: Subsequent Direct Listing Reported Earnings • Nov 30
First half 2023 earnings released: EPS: HK$0.057 (vs HK$0.002 in 1H 2022) First half 2023 results: EPS: HK$0.057 (up from HK$0.002 in 1H 2022). Revenue: HK$337.7m (up 37% from 1H 2022). Net income: HK$11.3m (up HK$11.0m from 1H 2022). Profit margin: 3.4% (up from 0.1% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year whereas the company’s share price has fallen by 36% per year. Announcement • Nov 18
Sterling Group Holdings Limited to Report First Half, 2023 Results on Nov 29, 2022 Sterling Group Holdings Limited announced that they will report first half, 2023 results on Nov 29, 2022 Announcement • Sep 01
Sterling Group Holdings Limited Announces Executive Changes Sterling Group Holdings Limited announced that Mr. Chan Kee Huen Michael ("Mr. Chan") retired as independent non-executive Director and ceased to be a member of each of the nomination committee and the remuneration committee, and the chairperson of the audit committee of the Company, all with effect from the conclusion of the AGM. Mr. Chan has confirmed that he has no disagreement with the Board and there is no matter relating to his retirement that needs to be brought to the attention of the Stock Exchange or the Shareholders. Immediately following the retirement of Mr. Chan with effect from the conclusion of the AGM on 31 August 2022, Mr. Choi Wai Hin, an independent non-executive Director, has been appointed as the chairman of the audit committee of the Company. Announcement • Jul 23
Sterling Group Holdings Limited, Annual General Meeting, Aug 31, 2022 Sterling Group Holdings Limited, Annual General Meeting, Aug 31, 2022, at 10:00 China Standard Time. Location: 19/F., Win Plaza, 9 Sheung Hei Street, San Po Kong, San Po Kong Kowloon Hong Kong Agenda: To consider receive and approve the audited consolidated financial statements and the directors' report of the Company and the independent auditor's report for the year ended 31 March 2022; to consider re-appoint Messrs BDO Limited as auditors of the Company and to authorise the board of directors of the Company to fix their remuneration; to consider re-elect Ms. Wong Mei Wai Alice as an executive director of the Company; and to consider any other matters. Announcement • Jul 09
Sterling Group Holdings Limited Appoints Choi Wai Hin as Independent Non-Executive Director and a Member of Each of the Audit Committee, Remuneration Committee and Nomination Committee of the Board The board of directors of Sterling Group Holdings Limited announced that, with effect from 8 July 2022, Mr. Choi Wai Hin has been appointed as an independent non-executive Director and a member of each of the audit committee, remuneration committee and nomination committee of the Board. Mr. Choi, aged 42, obtained a bachelor degree in accountancy from The Hong Kong Polytechnic University in November 2002. He is a fellow of the Hong Kong Institute of Certified Public Accountants and has 20 years of practical experience in relation to accounting, budgeting and controlling, treasury, fund raising, corporate finance, PRC tax planning, group reorganisation and regulatory requirements of capital markets in Hong Kong. Mr. Choi has been the chief financial officer of Weiye Holdings Limited, the issued shares of which are listed on The Stock Exchange of Hong Kong Limited, since December 2019. He was also the chief financial officer of Karrie International Holdings Limited, the issued shares of which are listed on the Stock Exchange, from August 2014 to December 2019. Mr. Choi has entered into a letter of appointment with the Company for a term of three years on 8 July 2022. Pursuant to the articles of association of the Company and the Rules Governing the Listing of Securities on the Stock Exchange, Mr. Choi shall hold office until the next general meeting of the Company and then be eligible to offer himself for re-election, and thereafter be subject to retirement by rotation and re-election at annual general meetings of the Company. Reported Earnings • Jul 03
Full year 2022 earnings released: HK$0.19 loss per share (vs HK$0.17 loss in FY 2021) Full year 2022 results: HK$0.19 loss per share (down from HK$0.17 loss in FY 2021). Revenue: HK$456.0m (up 23% from FY 2021). Net loss: HK$38.8m (loss widened 17% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. Announcement • Jun 17
Sterling Group Holdings Limited to Report Fiscal Year 2022 Results on Jun 30, 2022 Sterling Group Holdings Limited announced that they will report fiscal year 2022 results on Jun 30, 2022 Announcement • Feb 01
Sterling Group Holdings Limited Announces Appointment of Joint Company Secretaries The board of directors of Sterling Group Holdings Limited announced that Mr. Kwong Lun Kei Victor and Ms. Wong Wing Yee will be appointed as the joint company secretaries of the Company with effect from 1 February 2022. Mr. Kwong is a partner of Michael Li & Co. and the Company has engaged Michael Li & Co. as an external service provider to provide company secretarial services. Mr. Kwong, aged 39, is a practising solicitor and was admitted as a solicitor in Hong Kong in 2010. He obtained his Bachelor of Laws and Bachelor of Commerce from the University of New South Wales, Australia in 2007. He has over ten (10) years of experience in corporate finance and primarily advises on listings of companies on The Stock Exchange of Hong Kong Limited, mergers and acquisitions, regulatory compliance and other commercial law matters. Mr. Kwong has also been the company secretary of Brainhole Technology Limited and Zhong Ao Home Group Limited, which are companies listed on the Main Board of the Stock Exchange, since 1 April 2020 and 1 January 2022, respectively. Ms. Wong has been a member of The Hong Kong Institute of Certified Public Accountants since 2009 and is currently a student member of The Hong Kong Chartered Governance Institute. Ms. Wong has extensive experience in the field of accounting and auditing. She first joined the Group in September 2012 and is currently the finance manager of the Company. Executive Departure • Dec 03
Independent Non-Executive Director Ming Tung Ko has left the company On the 1st of December, Ming Tung Ko's tenure as Independent Non-Executive Director ended after 3.2 years in the role. We don't have any record of a personal shareholding under Ming Tung's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Dec 02
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: HK$0.001 (down from HK$0.003 in 1H 2021). Revenue: HK$246.2m (up 27% from 1H 2021). Net income: HK$329.0k (down 43% from 1H 2021). Profit margin: 0.1% (down from 0.3% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. Executive Departure • Oct 03
Independent Non-Executive Director King Hoi Cheng has left the company On the 28th of September, King Hoi Cheng's tenure as Independent Non-Executive Director ended after 3.0 years in the role. We don't have any record of a personal shareholding under King Hoi's name. King Hoi is the only executive to leave the company over the last 12 months. Recent Insider Transactions • Jul 17
Non-Executive Chairman recently sold HK$2.7m worth of stock On the 15th of July, Siu Wai Choi sold around 805k shares on-market at roughly HK$3.31 per share. This was the largest sale by an insider in the last 3 months. Siu Wai has been a seller over the last 12 months, reducing personal holdings by HK$2.8m. Recent Insider Transactions • Jul 09
Non-Executive Chairman recently sold HK$112k worth of stock On the 2nd of July, Siu Wai Choi sold around 50k shares on-market at roughly HK$2.24 per share. This was the largest sale by an insider in the last 3 months. This was Siu Wai's only on-market trade for the last 12 months. Recent Insider Transactions • Jul 08
Non-Executive Chairman recently sold HK$112k worth of stock On the 2nd of July, Siu Wai Choi sold around 50k shares on-market at roughly HK$2.24 per share. This was the largest sale by an insider in the last 3 months. This was Siu Wai's only on-market trade for the last 12 months. Reported Earnings • Jun 30
Full year 2021 earnings released: HK$0.042 loss per share (vs HK$0.073 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: HK$371.3m (down 37% from FY 2020). Net loss: HK$33.3m (loss narrowed 43% from FY 2020). Reported Earnings • Dec 25
First half 2021 earnings released: EPS HK$0.001 The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: HK$194.3m (down 38% from 1H 2020). Net income: HK$572.0k (down 50% from 1H 2020). Profit margin: 0.3% (down from 0.4% in 1H 2020). The decrease in margin was driven by lower revenue. Reported Earnings • Dec 03
First half 2021 earnings released: EPS HK$0.001 The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: HK$194.3m (down 38% from 1H 2020). Net income: HK$572.0k (down 50% from 1H 2020). Profit margin: 0.3% (down from 0.4% in 1H 2020). The decrease in margin was driven by lower revenue. Announcement • Nov 18
Sterling Group Holdings Limited to Report First Half, 2021 Results on Nov 30, 2020 Sterling Group Holdings Limited announced that they will report first half, 2021 results on Nov 30, 2020 Announcement • Jul 17
Sterling Group Holdings Limited to Report Fiscal Year 2020 Final Results on Jul 21, 2020 Sterling Group Holdings Limited announced that they will report fiscal year 2020 final results on Jul 21, 2020 Announcement • Jul 06
Sterling Group Holdings Limited to Report Fiscal Year 2020 Results on Jun 29, 2020 Sterling Group Holdings Limited announced that they will report fiscal year 2020 results on Jun 29, 2020 
