Board Change • Jun 01
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Chi Wing Lam is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Apr 14
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Lead Independent Non-Executive Director Wai Hei Cheng is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 27
Carry Wealth Holdings Limited, Annual General Meeting, Jun 05, 2026 Carry Wealth Holdings Limited, Annual General Meeting, Jun 05, 2026. Announcement • Mar 05
Carry Wealth Holdings Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 Carry Wealth Holdings Limited announced that they will report fiscal year 2025 results on Mar 27, 2026 Announcement • Jan 14
Sun Bang Gui, Zhu Rui Ping and Tsang Chun Ho Anthony cancelled the acquisition of remaining 54.29% stake in Carry Wealth Holdings Limited (SEHK:643). Sun Bang Gui, Zhu Rui Ping and Tsang Chun Ho Anthony proposed to acquire remaining 54.29% stake in Carry Wealth Holdings Limited (SEHK:643) for HKD 65 million on October 24, 2025. A cash consideration valued at HKD 0.1331 per share will be paid for 488.552158 million shares. The purchasers intends to finance the consideration payable under the Offer in full by the facility of HKD 66,000,000 provided by Quam Securities. An application has been made to the Executive pursuant to Rule 8.2 of the Takeovers Code for its consent to further extend the deadline for the despatch of the Composite Document from Friday, 5 December 2025 to a date falling on or before Wednesday, 24 December 2025. The Executive has indicated that it is minded to grant its consent for such extension. Offer open for acceptance starts from December 24, 2025, The latest time and date for acceptance of the Offer will be on Wednesday, 14 January 2026 unless the Joint Offerors extends the Offer in accordance with the Takeovers Code.
Quam Securities Limited and Aurelius Corporate Finance Limited acted as financial advisor to Sun Bang Gui, Zhu Rui Ping and Tsang Chun. Merdeka Corporate Finance Limited acted as financial advisor for Carry Wealth Holdings Limited. Rainbow Capital Limited acted as financial advisor for Carry Wealth Holdings Limited.
Sun Bang Gui, Zhu Rui Ping and Tsang Chun Ho Anthony cancelled the acquisition of remaining 54.29% stake in Carry Wealth Holdings Limited (SEHK:643) on January 14, 2026. The offer was conditional upon receiving valid acceptances that, combined with shares already held by the Joint Offerors, would result in holding more than 50% of the company's voting rights. As of the first closing date, only 590,000 Offer Shares were accepted, representing approximately 0.06% of the total shares. Combined with existing holdings, the Joint Offerors held 45.77% of the shares, which was insufficient to meet the condition. Since the condition was not met, the offer lapsed on January 14, 2026. There will be no extension or revision of the offer. Share certificates and related documents will be returned to shareholders who accepted the offer within 7 business days of the lapse. Board Change • Oct 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Lead Independent Non-Executive Director Wai Hei Cheng is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 31
First half 2025 earnings released: HK$0.033 loss per share (vs HK$0.014 loss in 1H 2024) First half 2025 results: HK$0.033 loss per share (further deteriorated from HK$0.014 loss in 1H 2024). Revenue: HK$86.9m (down 69% from 1H 2024). Net loss: HK$29.7m (loss widened 144% from 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Announcement • Jul 24
Carry Wealth Holdings Limited to Report First Half, 2025 Results on Aug 25, 2025 Carry Wealth Holdings Limited announced that they will report first half, 2025 results on Aug 25, 2025 Board Change • Jul 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Wai Hei Cheng is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jun 20
Carry Wealth Holdings Limited Appoints Li Qian as an Independent Non-Executive Director Carry Wealth Holdings Limited announced on June 16, 2025, the appointment of Ms. Li Qian ("Ms. Li") as an independent non-executive director of the Company. Reported Earnings • May 01
Full year 2024 earnings released: HK$0.038 loss per share (vs HK$0.01 loss in FY 2023) Full year 2024 results: HK$0.038 loss per share (further deteriorated from HK$0.01 loss in FY 2023). Revenue: HK$664.7m (up 35% from FY 2023). Net loss: HK$33.8m (loss widened 279% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Announcement • Apr 30
Carry Wealth Holdings Limited Announces Resignation of Shen Peng as Executive Director and Co-Chairman of the Board, Effective from April 30, 2025 The Board of Carry Wealth Holdings Limited announced that Mr. Shen Peng ("Mr. Shen") resigned as an executive director and the co-chairman of the Board with effect from 30 April 2025 due to other work arrangement. Mr. Shen has confirmed that he has no disagreement with the Company and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. Announcement • Apr 13
Carry Wealth Holdings Limited Announces Appointment of Zhang Zixing as Executive Director and the Co-Chairman of the Board with Effect from 11 April, 2025 The board of directors of Carry Wealth Holdings Limited announced that Mr. Zhang ZiXing ("Mr. Zhang") has been appointed as an executive Director and the co-chairman of the Board with effect from 11 April 2025. Mr. Zhang, aged 31, has over 13 years of experience in business and brand management and is experienced in corporate strategic investment planning and business incubation. Mr. Zhang is a a director of Yunnan Shangshanyuan Network Technology Co. Ltd. and Yunnan Mirage Car Rental Co. Ltd. Mr. Zhang is currently a director of Yangming Heart Research Center, Hong Kong Institute for the Development of Chinese Studies and a director of the Large Project Management Center at China Lantu Think Tank Research Institute. Mr. Zhang was awarded China New Quality Productivity Benchmark Award by China Planning Research Institute and China Conference on Innovative Development of New Quality Productive Forces in 2024. Mr. Zhang obtained a graduation certificate from Tsinghua University in 2014 and obtained the graduation certificate in relation to Peking University Private Entrepreneurs Winning Market Risk Advanced Training Course from the Law School of Peking University in 2023. Buy Or Sell Opportunity • Apr 10
Now 29% overvalued Over the last 90 days, the stock has fallen 39% to HK$0.17. The fair value is estimated to be HK$0.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has declined by 86%. Reported Earnings • Mar 30
Full year 2024 earnings released: HK$0.038 loss per share (vs HK$0.01 loss in FY 2023) Full year 2024 results: HK$0.038 loss per share (further deteriorated from HK$0.01 loss in FY 2023). Revenue: HK$664.7m (up 35% from FY 2023). Net loss: HK$33.8m (loss widened 279% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Announcement • Mar 27
Carry Wealth Holdings Limited, Annual General Meeting, Jun 13, 2025 Carry Wealth Holdings Limited, Annual General Meeting, Jun 13, 2025. Announcement • Mar 03
Carry Wealth Holdings Limited to Report Fiscal Year 2024 Results on Mar 27, 2025 Carry Wealth Holdings Limited announced that they will report fiscal year 2024 results on Mar 27, 2025 Announcement • Jan 15
Carry Wealth Holdings Limited Announces Resignation of Tsang Chun Ho Anthony as Executive Director and A Member of the Investment Committee The board of directors of Carry Wealth Holdings Limited announced that from 15 January 2025, Mr. Tsang Chun Ho Anthony ("Mr. Tsang") resigned as an executive director and a member of the investment committee of the Board due to other work arrangement. New Risk • Oct 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 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (HK$198.0m market cap, or US$25.5m). Board Change • Aug 24
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Executive Director Tan Yee Choi is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Aug 02
Carry Wealth Holdings Limited to Report First Half, 2024 Results on Aug 29, 2024 Carry Wealth Holdings Limited announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • May 08
Carry Wealth Holdings Limited Appoints Chiu Hoi Shan as an Independent Non-Executive Director and A Member of Each of the Audit Committee of the Board, the Remuneration Committee of the Board and the Nomination Committee of the Board The board of directors of Carry Wealth Holdings Limited announced that Ms. Chiu Hoi Shan has been appointed as an independent non-executive Director and a member of each of the audit committee of the Board (the "Audit Committee"), the remuneration committee of the Board (the "Remuneration Committee") and the nomination committee of the Board (the "Nomination Committee") with effect from 7 May 2024. Ms. Chiu, aged 47, obtained a Bachelor of Laws degree and a Postgraduate Certificate in Laws from The University of Hong Kong in December 1998 and June 1999 respectively. She has been practicing as a solicitor in Hong Kong since August 2001 and her practice has been focusing on civil litigation and corporate commercial matters. Ms. Chiu commenced practice as a founding partner of Chiu & Co. in August 2017 and remains as a partner of S.H. Leung & Co, both are law firms in Hong Kong engaged in the provision of various legal services. Ms. Chiu has served as company secretary of Chongqing Machinery & Electric Co. Ltd. (Stock code: 2722) since October 2014, joint company secretary of Chongqing Iron & Steel Company Limited (Stock code: 1053) since March 2018, and joint company secretary of Maanshan Iron & Steel Company Limited (Stock code: 323) since April 2018, shares of all of the above companies are listed on the MainBoard of The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Ms. Chiu has been appointed as an independent non-executive director of Austar Lifesciences Limited (Stock code: 6118) since 21 October 2014, the shares of which are listed on the Main Board of the Stock Exchange. Ms. Chiu has been appointed as a mediator of Shenzhen Qianhai International Commercial Mediation Center and an arbitrator of Nanjing Arbitration Commission since August 2020, and a mediator of Shanghai Commercial Mediation Center since November 2023. New Risk • Apr 09
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 Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risk Market cap is less than US$100m (HK$189.0m market cap, or US$24.1m). Announcement • Mar 28
Carry Wealth Holdings Limited, Annual General Meeting, Jun 28, 2024 Carry Wealth Holdings Limited, Annual General Meeting, Jun 28, 2024. Reported Earnings • Mar 28
Full year 2023 earnings released: HK$0.01 loss per share (vs HK$0.009 loss in FY 2022) Full year 2023 results: HK$0.01 loss per share (further deteriorated from HK$0.009 loss in FY 2022). Revenue: HK$493.1m (down 1.2% from FY 2022). Net loss: HK$8.92m (loss widened 17% from FY 2022). 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 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 05
Carry Wealth Holdings Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Carry Wealth Holdings Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Announcement • Feb 28
Carry Wealth Holdings Limited Announces Executive Resignations Carry Wealth Holdings Limited at the EGM to be held on 19 March 2024, the shareholders proposed that Ma Xiaoqiu be and is hereby removed as an executive director with effect from the date of passing of this resolution. Mr. Jiang Jinbo be and is hereby removed as an executive director with effect from the date of passing of this resolution and Ms. Chen Jun be and is hereby removed as an executive director with effect from the date of passing of this resolution. Announcement • Feb 08
Carry Wealth Holdings Limited Announces Board Changes The board of directors of Carry Wealth Holdings Limited announced that Mr. Wang Fan resigned as an independent non-executive director of the Company, a chairman of the remuneration committee of the Board, a member of each of the audit committee and the nomination committee of the Board on 8 February 2024 due to other work arrangements. Following the resignation of Mr. Wang, Mr. Lam Chi Wing is appointed as a chairman of the Remuneration Committee. In this regard, the Company will use its best endeavor to identify a suitable candidate to fill the vacancy as soon as practicable, with the relevant appointments to be made within 3 months from the effective date of Mr. Wang's resignation as required under the Listing Rules. New Risk • Nov 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (HK$368.9m market cap, or US$47.3m). Reported Earnings • Aug 27
First half 2023 earnings released: HK$0.005 loss per share (vs HK$0.005 profit in 1H 2022) First half 2023 results: HK$0.005 loss per share (down from HK$0.005 profit in 1H 2022). Revenue: HK$227.2m (down 7.7% from 1H 2022). Net loss: HK$4.52m (down 216% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 11
Carry Wealth Holdings Limited to Report First Half, 2023 Results on Aug 25, 2023 Carry Wealth Holdings Limited announced that they will report first half, 2023 results on Aug 25, 2023 New Risk • Jul 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$764.9m (US$97.8m) 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 Risk Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risks Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (HK$764.9m market cap, or US$97.8m). Announcement • May 23
Carry Wealth Holdings Limited Announces Executive Changes Carry Wealth Holdings Limited announced that with effect from 22 May 2023, Mr. Wang Tianzi has resigned as an independent non-executive director of the Company and has ceased to be a member of each of the audit committee of the Board and the remuneration committee of the Board, and the chairman of the nomination committee of the Board due to change in job arrangements. Mr. Wang has confirmed that there was no disagreement with the Board and there was no other matters regarding his resignation that would need to be brought to the attention to the shareholders of the Company and The Stock Exchange of Hong Kong Limited. Following the resignation of Mr. Wang, Mr. Peng Peng has been appointed as a member of each of the Audit Committee and the Remuneration Committee, and the chairman of the Nomination Committee with effect from 22 May 2023. Reported Earnings • Apr 26
Full year 2022 earnings released: HK$0.009 loss per share (vs HK$0 in FY 2021) Full year 2022 results: HK$0.009 loss per share (further deteriorated from HK$0 in FY 2021). Revenue: HK$499.0m (up 13% from FY 2021). Net loss: HK$7.63m (loss widened HK$7.61m from FY 2021). Over the last 3 years on average, earnings per share has increased by 64% per year whereas the company’s share price has increased by 65% per year. Announcement • Feb 01
Carry Wealth Holdings Limited Announces Board Changes Carry Wealth Holdings Limited announced that Ms. Liu Xinyi has withdrawn her consent to act as a non-executive Director of the Company with effect from 1 February 2023 due to some unexpected changes in her personal circumstances; and Ms. Li Le has withdrawn her consent to act as a non-executive Director of the Company with effect from 1 February 2023 due to the job adjustment. The Board announced that due to the work requirement, the following appointments will be effective from 1 February 2023: Mr. Jiang Jinbo has been appointed as an executive Director of the Board; Ms. Chen Jun has been appointed as an executive Director of the Board; and Mr. Peng Peng has been appointed as an independent non-executive Director of the Board. Mr. Jiang, aged 42, is currently the legal representative and chairman of Shenzhen Dingxin Holding Group Limited Company and the legal representative and chairman of Shenzhen Feng Yuan Xin Technology Industrial Holding Limited Company Mr. Jiang has accumulated . over 10 years of extensive experience in the information technology and corporate management. Mr. Jiang received a bachelor's degree in Economics from Guangdong Institute of Economics and Trade in July 2006. Ms. Chen, aged 48, is currently the general manager of Shenzhen Changbaishan Tourism Cultural Management Limited. Ms. Chen has been appointed as a non-executive director of TOMO Holdings Limited with the effective date of 1 February 2023. Prior to that, Ms. Chen was the regional manager of Shenzhen Win-Win Business Travel Business Consulting Co. Ltd. from February 2005 to October 2010. Ms. Chen received a bachelor's degree in Administration Management from Wuhan University in December 2015 and has accumulated extensive experience in sales and marketing and corporate management. Mr. Peng, aged 56, obtained a doctor's degree in History from Sun Yat-sen University in June 1994. He has been a founder of the Institute for Maritime Silk Road Studies at Shenzhen University since 2008, a professor in the People's College at Shenzhen University since 2010 and the Executive Dean of Shenzhen Liu Yuyi Art Institute since 2019. He also served as the cultural director of Guangzhou Puwen Science Education Culture Co. Ltd. from 1998 to 2010. Mr. Peng has over 20 years of extensive experience in cultural and artistic studies. He is currently a founder of Shenzhen Maker Association with the, aim to promote life science and high-tech related work. Mr. Peng is currently an independent non-executive Director of Fullwealth International Group Holdings Limited, a company listed on the Main Board of The Stock Exchange and an independent non-executive Director, a member of each of the remuneration committee and the nomination committee of the TOMO Holdings Limited. Recent Insider Transactions • Sep 08
Chairman & CEO recently sold HK$463k worth of stock On the 30th of August, Haifeng Li sold around 2m shares on-market at roughly HK$0.25 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Haifeng has been a net seller over the last 12 months, reducing personal holdings by HK$813k. Announcement • Aug 27
Carry Wealth Holdings Limited Announces Interim (Semi-Annual) Dividend for the Six Months Ended 30 June 2022, Payable on 26 September 2022 Carry Wealth Holdings Limited announced interim (semi-annual) dividend for the six months ended 30 June 2022 of HKD 0.002 per share. The dividend is payable on 26 September 2022 with record date of 14 September 2022 and ex-dividend date of 08 September 2022. Reported Earnings • Aug 27
First half 2022 earnings released: EPS: HK$0.005 (vs HK$0.003 loss in 1H 2021) First half 2022 results: EPS: HK$0.005 (up from HK$0.003 loss in 1H 2021). Revenue: HK$246.1m (up 48% from 1H 2021). Net income: HK$3.88m (up HK$6.66m from 1H 2021). Profit margin: 1.6% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Aug 19
Carry Wealth Holdings Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022 Carry Wealth Holdings Limited provided earnings guidance for the six months ended 30 June 2022. Based on the preliminary assessment on the management accounts of the Group, the board of directors of the Company informed the shareholders of the Company (the "Shareholders") and potential investors that the Group is expected to record a profit of not less than HKD 3.0 million for the six months ended 30 June 2022 (the "Period") as compared to the loss of HKD 2.8 million for the corresponding period in 2021. Based on currently available information, such positive results were mainly attributable to: (a) the increase of the Group's revenue of approximately 45% resulted from increasing production orders placed by customers during the Period; (b) exchange gains mainly due to appreciation of the US dollars; and (c) decrease in depreciation expenses due to adjustment of useful life of the buildings owned by the Group. Announcement • Aug 16
Carry Wealth Holdings Limited to Report First Half, 2022 Results on Aug 26, 2022 Carry Wealth Holdings Limited announced that they will report first half, 2022 results on Aug 26, 2022 Announcement • Aug 02
Carry Wealth Holdings Limited Announces Change of Independent Non-Executive Director and Composition of Board Committee The board of directors of Carry Wealth Holdings Limited announced that Mr. Zhang Zhenyi resigned as an independent non-executive director and a member of the Audit Committee, Remuneration Committee and Nomination Committee of the Company with effect from 1 August 2022 due to his other engagement. Following the resignation of Mr. Zhang, the Board announced that Mr. Yu Ping Ming has been appointed as an independent non-executive director and a member of the Audit Committee, Remuneration Committee and Nomination Committee of the Company with effect from 1 August 2022. Mr. Yu (former name as Yu Kwing Ming), aged 61, he has been the director of PAS Company Limited since June 2002, responsible for overall business development and management. Prior to this, Mr. Yu worked in various companies and was responsible for sales and marketing. Mr. Yu had extensive experience in the field of sales and marketing. He holds a Bachelor degree of Arts in Economics and Statistics from University of Guelph in Canada. List of directors and their roles and functions: With effect from 1 August 2022, the members of the Board and the membership of the four Board committees of the Company will be as follows: Executive Directors Mr. Li Haifeng (Chairman and Chief Executive Officer) and Mr. Tsang Hing Bun. Non-Executive Directors: Mr. Wang Ke. Independent Non-Executive Directors: Mr. Yau Wing You, Mr. Yu Ping Ming, and Mr. Wang Shiming. There are four Board committees. The membership information of various committees on which each Board member serves is set as follows:Audit Committee: Mr. Yau Wing Yiu (Committee Chairman), Mr. Yu Ping Ming, and Mr. Wang Shiming. Remuneration Committee: Mr. Yau Wing Yiu (Committee Chairman), Mr. Wang Ke, Mr. Yu Ping Ming,and Mr. Wang Shiming. Nomination Committee: Mr. Li Haifeng (Committee Chairman), Mr. Yau Wing You, Mr. Yu Ping Ming, and Mr. Wang Shiming. Investment Committee: Mr. Li Haifeng (Committee Chairman) and Mr. Wang Ke. Board Change • Aug 02
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. 3 non-independent directors. Independent Non-Executive Director Shiming Wang was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 28
Carry Wealth Holdings Limited Appoints Tsang Hing Bun as an Executive Director, Effective July 1, 2022 The board of directors of Carry Wealth Holdings Limited announced that Mr. Tsang Hing Bun has been appointed as an executive director of the Company with effect from 1 July 2022. Mr. Tsang, aged 42, holds a Bachelor Degree of Social Science from the Chinese University of Hong Kong and a Master of Science Degree in Finance from City University of Hong Kong. He has more than 20 years of experience in audit, accounting, corporate finance and compliance. Mr. Tsang is a member of The Hong Kong Institute of Certified Public Accountants, an associate member of The Hong Kong Chartered Governance Institute and The Chartered Governance Institute. He is also a financial risk manager granted by Global Association of Risk Professionals. He has been an executive director of Kingkey Intelligence Culture Holdings Limited, a non-executive director of Sino Oil and Gas Holdings Limited and an executive director of Jimu Group Limited. With effect from 1 July 2022, the members of the Board and the membership of the four Board committees of the Company will be as follows: Executive Directors: Mr. Li Haifeng (Chairman and Chief Executive Officer) and Mr. Tsang Hing Bun. Non-Executive Directors: Mr. Wang Ke. Independent Non-Executive Directors: Mr. Yau Wing Yiu; Mr. Zhang Zhenyi and Mr. Wang Shiming. There are four Board committees. The membership information of various committees on which each Board member serves is set out below: Audit Committee: Mr. Yau Wing Yiu (Committee Chairman); Mr. Zhang Zhenyi; Mr. Wang Shiming. Remuneration Committee: Mr. Yau Wing Yiu (Committee Chairman); Mr. Wang Ke; Mr. Zhang Zhenyi; Mr. Wang Shiming. Nomination Committee: Mr. Li Haifeng (Committee Chairman); Mr. Yau Wing You; Mr. Zhang Zhenyi; Mr. Wang Shiming. Investment Committee: Mr. Li Haifeng (Committee Chairman); Mr. Wang Ke. Reported Earnings • Aug 30
First half 2021 earnings released: HK$0.003 loss per share (vs HK$0.004 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$166.5m (up 52% from 1H 2020). Net loss: HK$2.77m (loss narrowed 20% from 1H 2020). 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 36% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 20
Full year 2020 earnings released: HK$0.019 loss per share (vs HK$0.018 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: HK$290.5m (down 12% from FY 2019). Net loss: HK$15.3m (loss widened 3.0% from FY 2019). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 23
Full year 2020 earnings released: HK$0.019 loss per share (vs HK$0.018 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: HK$290.5m (down 12% from FY 2019). Net loss: HK$15.3m (loss widened 3.0% from FY 2019). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Announcement • Mar 11
Carry Wealth Holdings Limited to Report Fiscal Year 2020 Results on Mar 22, 2021 Carry Wealth Holdings Limited announced that they will report fiscal year 2020 results on Mar 22, 2021 Announcement • Aug 22
Carry Wealth Holdings Limited to Report First Half, 2021 Results on Aug 28, 2020 Carry Wealth Holdings Limited announced that they will report first half, 2021 results on Aug 28, 2020