Reach New Holdings Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Rongsheng Li

Chief executive officer

CN¥32.0k

Total compensation

CEO salary percentage	100.0%
CEO tenure	less than a year
CEO ownership	7.9%
Management average tenure	less than a year
Board average tenure	1.2yrs

Recent management updates

Recent updates

Reach New Holdings Limited's (HKG:8471) 62% Share Price Surge Not Quite Adding Up

Aug 23

We're Not Very Worried About Reach New Holdings' (HKG:8471) Cash Burn Rate

Jul 14

This Is Why Reach New Holdings Limited's (HKG:8471) CEO Compensation Looks Appropriate

Apr 26

We're Not Very Worried About Reach New Holdings' (HKG:8471) Cash Burn Rate

Mar 17

How Much Did Reach New Holdings' (HKG:8471) CEO Pocket Last Year?

Dec 01

CEO Compensation Analysis

How has Rongsheng Li's remuneration changed compared to Reach New Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-CN¥27m
Mar 31 2024	n/a	n/a	-CN¥23m
Dec 31 2023	CN¥32k	CN¥32k	-CN¥22m

Compensation vs Market: Rongsheng's total compensation ($USD4.42K) is below average for companies of similar size in the Hong Kong market ($USD233.55K).

Compensation vs Earnings: Insufficient data to compare Rongsheng's compensation with company performance.

CEO

Rongsheng Li (35 yo)

less than a year

Tenure

CN¥32,000

Compensation

Mr. Rongsheng Li is Executive Director & Chief Executive Officer of Reach New Holdings Limited from November 28, 2023. He has B.A. in Arts from Nankai University, M.B.A. from Hong Kong Metropolitan Univers...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Xuanyi Sha	Executive Chairlady	1.2yrs	CN¥145.00k	12.89% HK$ 48.0m
Rongsheng Li	CEO & Executive Director	less than a year	CN¥32.00k	7.89% HK$ 29.4m
Kai Yuen Lam	Executive Director	less than a year	CN¥624.00k	no data
Kai Cheong Lam	Executive Director	8.8yrs	CN¥601.00k	no data
Mei Wah Chan	Company Secretary	1.2yrs	no data	no data

1.0yrs

Average Tenure

41yo

Average Age

Experienced Management: 8471's management team is not considered experienced ( 1 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Xuanyi Sha	Executive Chairlady	1.2yrs	CN¥145.00k	12.89% HK$ 48.0m
Rongsheng Li	CEO & Executive Director	less than a year	CN¥32.00k	7.89% HK$ 29.4m
Kai Yuen Lam	Executive Director	8.8yrs	CN¥624.00k	no data
Kai Cheong Lam	Executive Director	8.8yrs	CN¥601.00k	no data
Mingxiao Liu	Independent Non-Executive Director	less than a year	CN¥12.00k	no data
Honghai Zhu	Independent Non-Executive Director	2.8yrs	CN¥156.00k	no data
Kin-Chin Lin	Independent Non-Executive Director	1.2yrs	CN¥33.00k	no data

1.2yrs

Average Tenure

44yo

Average Age

Experienced Board: 8471's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.

Reach New Holdings Management

Management criteria checks 1/4

Key information

Recent management updates

Reach New Holdings Limited, Annual General Meeting, May 10, 2024

Reach New Holdings Limited Announces Board Changes

Less than half of directors are independent

Reach New Holdings Limited Announces Chief Executive Officer Changes

Reach New Holdings Limited Announces Management Changes

Independent Non-Executive Director recently sold HK$83k worth of stock

Recent updates

First half 2024 earnings released: CN¥0.007 loss per share (vs CN¥0.001 loss in 1H 2023)

Reach New Holdings Limited's (HKG:8471) 62% Share Price Surge Not Quite Adding Up

First half 2024 earnings released: CN¥0.007 loss per share (vs CN¥0.001 loss in 1H 2023)

Reach New Holdings Limited to Report First Half, 2024 Results on Aug 22, 2024

Reach New Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 4.9 million.

Reach New Holdings Limited, Annual General Meeting, May 10, 2024

Reach New Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 4.9 million.

New major risk - Market cap size

Full year 2023 earnings released: CN¥0.025 loss per share (vs CN¥0.008 loss in FY 2022)

Reach New Holdings Limited to Report Fiscal Year 2023 Results on Mar 25, 2024

Reach New Holdings Limited Announces Board Changes

New major risk - Share price stability

Reach New Holdings Limited Provides Earning Guidance for the Year Ended 31 December 2023

New minor risk - Shareholder dilution

Reach New Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 8 million.

Reach New Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 8 million.

Less than half of directors are independent

Reach New Holdings Limited Announces Chief Executive Officer Changes

Third quarter 2023 earnings released: CN¥0.004 loss per share (vs CN¥0.001 loss in 3Q 2022)

Reach New Holdings Limited to Report Q3, 2023 Results on Nov 06, 2023

Reach New Holdings Limited Announces Management Changes

Second quarter 2023 earnings released

Reach New Holdings Limited to Report First Half, 2023 Results on Aug 07, 2023

First quarter 2023 earnings released: CN¥0.002 loss per share (vs CN¥0.003 loss in 1Q 2022)

Full year 2022 earnings released: CN¥0.008 loss per share (vs CN¥0.002 loss in FY 2021)

Third quarter 2022 earnings released: CN¥0.001 loss per share (vs CN¥0.005 profit in 3Q 2021)

Third quarter 2022 earnings released: CN¥0.001 loss per share (vs CN¥0.005 profit in 3Q 2021)

Reach New Holdings Limited to Report Nine Months, 2022 Results on Nov 07, 2022

Now 27% undervalued after recent price drop

Second quarter 2022 earnings released: CN¥0.001 loss per share (vs CN¥0.001 loss in 2Q 2021)

Reach New Holdings Limited to Report First Half, 2022 Results on Aug 08, 2022

Reach New Holdings Limited Provides Financial Guidance for the Six Months Ended 30 June 2022

Independent Non-Executive Director recently sold HK$83k worth of stock

First quarter 2022 earnings released: CN¥0.003 loss per share (vs CN¥0 in 1Q 2021)

High number of new directors

Full year 2021 earnings released: CN¥0.002 loss per share (vs CN¥0.016 loss in FY 2020)

Insider recently sold HK$250k worth of stock

Reach New Holdings Limited Announces Board Changes

Insider recently bought HK$241k worth of stock

Third quarter 2021 earnings released: EPS CN¥0.005 (vs CN¥0.004 loss in 3Q 2020)

Second quarter 2021 earnings released: CN¥0.001 loss per share (vs CN¥0.004 loss in 2Q 2020)

We're Not Very Worried About Reach New Holdings' (HKG:8471) Cash Burn Rate

This Is Why Reach New Holdings Limited's (HKG:8471) CEO Compensation Looks Appropriate

Full year 2020 earnings released: CN¥0.016 loss per share (vs CN¥0.006 loss in FY 2019)

We're Not Very Worried About Reach New Holdings' (HKG:8471) Cash Burn Rate

Reach New Holdings Limited to Report Fiscal Year 2020 Results on Mar 22, 2021

New 90-day high: HK$0.39

New 90-day low: HK$0.22

New 90-day low: HK$0.24

How Much Did Reach New Holdings' (HKG:8471) CEO Pocket Last Year?

Reach New Holdings Limited to Report Nine Months, 2020 Results on Nov 09, 2020

New 90-day low: HK$0.25

Earnings released

Reach New Holdings Limited to Report First Half, 2020 Results on Aug 10, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age