New Risk • Jun 19
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 14% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-HK$25m). Revenue is less than US$1m (HK$2.4m revenue, or US$302k). Market cap is less than US$10m (HK$11.4m market cap, or US$1.45m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (17% increase in shares outstanding). Board Change • May 13
Less than half of directors are independent There are 7 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: 7 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (5 non-independent directors). CFO, Compliance Officer & Executive Director Melvyn Yeap is the most experienced director on the board, commencing their role in 2018. Independent Non-Executive Director Xia Xie 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. Lack of experienced directors. Reported Earnings • May 01
First half 2025 earnings released: EPS: HK$0 (vs HK$0.044 loss in 1H 2024) First half 2025 results: EPS: HK$0. Net loss: HK$3.65m (loss widened 48% from 1H 2024). Announcement • Apr 15
E-Station Green Technology Group Co., Limited to Report First Half, 2025 Results on Apr 29, 2025 E-Station Green Technology Group Co., Limited announced that they will report first half, 2025 results on Apr 29, 2025 Board Change • Feb 10
Less than half of directors are independent There are 6 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: 6 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (5 non-independent directors). CFO, Compliance Officer & Executive Director Melvyn Yeap is the most experienced director on the board, commencing their role in 2018. Independent Non-Executive Director Weiyan Huang was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jan 25
E-Station Green Technology Group Co., Limited, Annual General Meeting, Feb 18, 2025 E-Station Green Technology Group Co., Limited, Annual General Meeting, Feb 18, 2025, at 11:00 China Standard Time. Location: 21/f., grand millennium plaza, 181 queen`s road central, sheung wan, Hong Kong Reported Earnings • Jan 04
Full year 2024 earnings released: EPS: HK$0.71 (vs HK$0.29 loss in FY 2023) Full year 2024 results: EPS: HK$0.71 (up from HK$0.29 loss in FY 2023). Revenue: HK$54.5m (up 57% from FY 2023). Net income: HK$40.2m (up HK$53.6m from FY 2023). Profit margin: 74% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 30
Full year 2024 earnings released: EPS: HK$0.70 (vs HK$0.30 loss in FY 2023) Full year 2024 results: EPS: HK$0.70 (up from HK$0.30 loss in FY 2023). Revenue: HK$54.4m (up 56% from FY 2023). Net income: HK$40.2m (up HK$53.7m from FY 2023). Profit margin: 74% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Nov 19
E-Station Green Technology Group Co., Limited to Report Fiscal Year 2024 Results on Nov 29, 2024 E-Station Green Technology Group Co., Limited announced that they will report fiscal year 2024 results on Nov 29, 2024 New Risk • Nov 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended February 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 Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Negative equity (-S$8.6m). Market cap is less than US$10m (HK$17.4m market cap, or US$2.23m). Minor Risks Latest financial reports are more than 6 months old (reported February 2024 fiscal period end). Shareholders have been diluted in the past year (24% increase in shares outstanding). Revenue is less than US$5m (S$3.1m revenue, or US$2.3m). Announcement • Oct 18
E-Station Green Technology Group Co., Limited Announces Board and Committees Changes E-Station Green Technology Group Co., Limited announced that Mr. Lei Xiongpeng has tendered his resignation as an independent non-executive Director with effect from 15 October 2024 due to personal matters. Mr. Lei has confirmed that he has no disagreement with the Board and there was no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. Following the resignation of Mr. Lei as an independent non-executive Director, he also ceased to be chairman of the nomination committee of the Company, member of each of the audit committee and remuneration committee of the Company with effect from 15 October 2024. Mr. Chau Wing Nam, an independent non-executive Director, has been appointed as the chairman of the Nomination Committee with effect from 15 October 2024. Announcement • Oct 10
E-Station Green Technology Group Co., Limited has filed a Follow-on Equity Offering in the amount of HKD 0.630428 million. E-Station Green Technology Group Co., Limited has filed a Follow-on Equity Offering in the amount of HKD 0.630428 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 2,001,360
Price\Range: HKD 0.315
Transaction Features: Subsequent Direct Listing Announcement • Jun 13
E-Station Green Technology Group Co., Limited Announces Resignation of Wong Pui Kei Peggy as Executive Director E-Station Green Technology Group Co., Limited announced that with effect from 11 June 2024, Ms. Wong Pui Kei Peggy ("Ms. Wong") resigned as an executive Director. Ms. Wong tendered her resignation due to her other business engagements. Ms. Wong confirmed that she did not have any disagreement with the Board and there was no matter in relation to her resignation that needs to be brought to the attention of the shareholders of the Company. New Risk • May 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -S$1.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-S$1.1m free cash flow). Negative equity (-S$8.6m). Market cap is less than US$10m (HK$31.5m market cap, or US$4.03m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (33% increase in shares outstanding). Revenue is less than US$5m (S$3.3m revenue, or US$2.4m). Announcement • Apr 21
E-Station Green Technology Group Co., Limited to Report First Half, 2024 Results on Apr 30, 2024 E-Station Green Technology Group Co., Limited announced that they will report first half, 2024 results on Apr 30, 2024 Announcement • Feb 07
K Group Holdings Limited, Annual General Meeting, Feb 29, 2024 K Group Holdings Limited, Annual General Meeting, Feb 29, 2024, at 11:00 China Standard Time. Location: 21/F., Grand Millennium Plaza, 181 Queen's road Central, Sheung Wan, Hong Kong Central Hong Kong Agenda: To consider and receive the audited consolidated financial statements of the Company and its subsidiaries and the reports of the directors and independent auditor of the Company for the year ended 31 August 2023; to re-elect Ms. Wong Pui Kei Peggy as an executive director of the Company; to re-elect Mr. Lee Ming Yeung, Michael as an independent non-executive director of the Company; to authorise the board of directors of the Company to fix the remuneration of the directors of the Company for the year ending 31 August 2024; to re-appoint TARGET CPA LIMITED as the independent auditor of the Company and authorise the board of directors of the Company to fix its remuneration; and to consider other business matters. Reported Earnings • Jan 22
Full year 2023 earnings released: S$0.051 loss per share (vs S$0.058 loss in FY 2022) Full year 2023 results: S$0.051 loss per share (improved from S$0.058 loss in FY 2022). Revenue: S$6.21m (down 54% from FY 2022). Net loss: S$2.32m (loss narrowed 9.4% from FY 2022). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings. Board Change • Jan 22
Less than half of directors are independent There are 8 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: 8 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (6 non-independent directors). CFO, Compliance Officer & Executive Director Melvyn Yeap is the most experienced director on the board, commencing their role in 2018. Independent Non-Executive Director Xiongpeng Lei was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jan 10
K Group Holdings Limited to Report Fiscal Year 2023 Results on Jan 19, 2024 K Group Holdings Limited announced that they will report fiscal year 2023 results on Jan 19, 2024 Announcement • Dec 14
K Group Holdings Limited Announces Resignation of Zhou Junqi as Chief Executive Officer K Group Holdings Limited announced that Mr. Zhou Junqi resigned as the chief executive officer of the Company with effect from 13 December 2023 in order to devote more time to other work arrangements. Mr. Zhou has confirmed that he has no disagreement with the Board and that there is no other matter in relation to his resignation that needs to be brought to the attention to the shareholders of the Company and the Stock Exchange. Announcement • Dec 13
K Group Holdings Limited Announces Executive Changes K Group Holdings Limited announced that Mr. Zhou Junqi has resigned as the executive Director, the chairman of the Board Mr. Zhou has confirmed that he has no disagreement with the Board and that there is no other matter in relation to his resignation that needs to be brought to the attention to the shareholders of the Company and the Stock Exchange. The Board announced that Mr. Li Junjian ("Mr. Li"), an executive Director, has been appointed as Chairman and Authorised Representative with effect from 13 December 2023. Mr. Li, aged 63, obtained a completion certificate for special training program for Chinese language from Hangzhou University in 1988. He further pursued postgraduate study of Philosophy of Science and Technology (Contemporary Technology and Economic Management) in Zhejiang University and obtained completion certificate in 2000. Currently, he is the director of (E-station Green Technology Group Limited*) which is principally engaged in provision of resource recycling technical consultation service in China. Besides, he has over 20 years of working experience in various China government departments, including Supervision Bureau of Yuhuan City, Zhejiang Province. He is familiar with and has a thorough understanding of Mainland China's governmental matters. Announcement • Oct 28
K Group Holdings Limited Announces Appointment of Su Shiyi as Non-Executive Director The board of directors of K Group Holdings Limited announced that Mr. Su Shiyi has been appointed as non-executive Director with effect from 27 October 2023. The biographical details of Mr. Su are as follows: Mr. Su, aged 32, graduated from Beijing Institute of Business with a bachelor degree in computer application in 2011 and obtains a master degree in business administration from Graduate School of Chinese Academy of Social Sciences in 2013. In October 2013, he won the third prize in the 2nd China Innovation and Entrepreneurship in Henan Divisionand 5th “National University Science and Technology Park Cup” Science and Technology Innovation Competition. In addition, he won the excellence award in the enterprise group in 3rd China Innovation and Entrepreneurship in Henan Division for the company he was working for at the time in 2014. He is experienced in corporate management and has in-depth knowledge in the field of technology innovation. From April 2016 to July 2018, he was the general manager of a development company in Henan. From August 2018 to March 2020, he was the deputy general manager of a technology company in Henan. Currently, he is the associate head of a science and technology research institute in Beijing. Announcement • Sep 15
K Group Holdings Limited Announces Board Changes The board of directors of K Group Holdings Limited announced that: Mr. Lei Xiongpeng has been appointed as the independent non-executive Director and been appointed as the member of each of the audit committee and the remuneration committee and the chairman of the nomination committee of the Board with effect from 14 September 2023; and Mr. Chau Wing Nam has been redesigned as a member of the Nomination Committee with effect from 14 September 2023. Mr. Lei, aged 58, completed a diploma in industrial and civil construction at Department of Architectural Engineering of South China Institute of Technology, currently known as South China University of Technology in Guangdong Province, the PRC in 1987. He has over 10 years of experience in construction engineering management. He served as a technician of a construction engineering company in Zhongshan District from August 1987 to October 1996, during which he was responsible for drafting construction organization design, specialized construction plans, technical measures, and supervise their implementation. He served as technical director of a property management company in Guangdong province from March 1997 to March 2016, during which he was responsible for engineering and technical consultation. Currently he is a property construction engineering consultant for a real estate property management company in Zhongshan District. From October 2020 to July 2021, he was an independent non-executive director of Hon Corporation Limited, the issued shares of which were delisted on GEM of The Stock Exchange of Hong Kong Limited on 22 June 2022. Following the appointment of Mr. Lei, the composition of the Board committees has changed with effect from 14 September 2023 as follows: Mr. Lei has been appointed as the member of each of the Audit Committee and the Remuneration Committee and the chairman of the Nomination Committee; and Mr. Chau has been redesigned as a member of the Nomination Committee. New Risk • Jul 28
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 (22% average weekly change). Negative equity (-S$7.3m). Earnings have declined by 5.5% per year over the past 5 years. Market cap is less than US$10m (HK$16.9m market cap, or US$2.17m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Jul 26
K Group Holdings Limited Appoints Li Junjian as Executive Director The board (the "Board") of directors of K Group Holdings Limited announces that Mr. Li Junjian ("Mr. Li") has been appointed as an executive Director with effect from 25 July 2023. Mr. Li, aged 63, obtained a completion certificate for special training program for Chinese language from Hangzhou University in 1988. He further pursued postgraduate study of Philosophy of Science and Technology (Contemporary Technology and Economic Management) in Zhejiang University and obtained completion certificate in 2000. Currently, he is the director of (E-station Green Technology Group Limited) which is principally engaged in provision of resource recycling technical consultation service in China. Besides, he has over 20 years of working experience in various China government departments, including Supervision Bureau of Yuhuan City, Zhejiang Province. He is familiar with and has a thorough understanding of Mainland China's governmental matters. Reported Earnings • Jul 16
Third quarter 2023 earnings released: S$0.006 loss per share (vs S$0.014 loss in 3Q 2022) Third quarter 2023 results: S$0.006 loss per share (improved from S$0.014 loss in 3Q 2022). Revenue: S$1.32m (down 62% from 3Q 2022). Net loss: S$278.0k (loss narrowed 56% from 3Q 2022). Announcement • Jul 06
K Group Holdings Limited to Report Nine Months, 2023 Results on Jul 14, 2023 K Group Holdings Limited announced that they will report nine months, 2023 results on Jul 14, 2023 Announcement • Jun 02
K Group Holdings Limited Announces Board Changes The board of directors of K Group Holdings Limited announced that Mr. Law Chung Lam Nelson has tendered his resignation as an independent non-executive Director with effect from 1 June 2023 due to commitment of work and business development. Following the resignation of Mr. Law as an independent non-executive Director, he also ceased to be chairman of the nomination committee of the Company, member of each of the audit committee and remuneration committee of the Company with effect from 1 June 2023. Mr. Chau Wing Nam, an independent non-executive Director, has been appointed as the chairman of the Nomination Committee with effect from 1 June 2023. Reported Earnings • Apr 15
Second quarter 2023 earnings released: S$0.003 loss per share (vs S$0.003 loss in 2Q 2022) Second quarter 2023 results: S$0.003 loss per share (in line with 2Q 2022). Revenue: S$2.50m (down 35% from 2Q 2022). Net loss: S$121.0k (loss narrowed 14% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 58% per year, which means it is significantly lagging earnings. Announcement • Feb 07
K Group Holdings Limited, Annual General Meeting, Feb 28, 2023 K Group Holdings Limited, Annual General Meeting, Feb 28, 2023, at 11:00 China Standard Time. Location: 1 Grange Road Orchard Building #11-02 Singapore Singapore Agenda: To consider and receive the audited consolidated financial statements of the Company and its subsidiaries and the reports of the directors and independent auditor of the Company for the year ended 31 August 2022; to authorise the board of directors of the Company to fix the remuneration of the directors of the Company for the year ending 31 August 2023; to re-appoint D & PARTNERS CPA LIMITED as the independent auditor of the Company and authorise the board of directors of the Company to fix its remuneration; and to consider any other matters. Reported Earnings • Jan 14
First quarter 2023 earnings released: S$0.015 loss per share (vs S$0.001 profit in 1Q 2022) First quarter 2023 results: S$0.015 loss per share (down from S$0.001 profit in 1Q 2022). Revenue: S$2.16m (down 33% from 1Q 2022). Net loss: S$671.0k (down S$726.0k from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 57% per year, which means it is significantly lagging earnings. Announcement • Jan 04
K Group Holdings Limited to Report Q1, 2023 Results on Jan 13, 2023 K Group Holdings Limited announced that they will report Q1, 2023 results on Jan 13, 2023 Reported Earnings • Dec 16
Full year 2022 earnings released: S$0.006 loss per share (vs S$0.15 loss in FY 2021) Full year 2022 results: S$0.006 loss per share (improved from S$0.15 loss in FY 2021). Revenue: S$13.3m (down 14% from FY 2021). Net loss: S$2.56m (loss narrowed 62% from FY 2021). 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 52% per year, which means it is performing significantly worse than earnings. Board Change • Dec 15
Less than half of directors are independent There are 6 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: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Wing Nam Chau was the last independent director to join the board, commencing their role in 2022. 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 • Dec 06
K Group Holdings Limited to Report Fiscal Year 2023 Results on Dec 15, 2022 K Group Holdings Limited announced that they will report fiscal year 2023 results on Dec 15, 2022 Announcement • Dec 02
K Group Holdings Limited to Report Fiscal Year 2022 Results on Dec 31, 2022 K Group Holdings Limited announced that they will report fiscal year 2022 results at 4:00 PM, China Standard Time on Dec 31, 2022 Board Change • Nov 16
Less than half of directors are independent There are 6 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: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Wing Nam Chau was the last independent director to join the board, commencing their role in 2022. 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 01
K Group Holdings Limited Appoints Chiang Ming Chun as an Executive Director and Vice Chairman The board of directors of K Group Holdings Limited announced that Mr. Chiang Ming Chun ("Mr. Chiang") has been appointed as an executive Director and vice chairman of the Company (the "Vice Chairman") with effect from 31 October 2022. Mr. Chiang (whose former name was Chiang Kai Leung), aged 50. He is a senior district director of AIA International Limited leading a team of over 500 insurance/financial advisers and the co-founder of CASH Family Office. Currently, he is the president and chief strategy officer of the global franchise and patent service of the Group. He has a well-established social network in different industries and possesses extensive experience in business management. In addition, Mr. Chiang is also a keen servant of the charitable work, as he also served as a member of the Development Committee of the board of Hong Kong Adventist Hospital Tsuen Wan and the director of the board of Pok Oi Hospital and Yan Chai Hospital for many sessions. In 2011, he appointed as the chairman of the Preparatory Committee for Lang Lang Music Life Sharing Session. Reported Earnings • Jul 17
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: S$0 (down 100% from 3Q 2021). Net loss: S$625.0k (loss narrowed 30% from 3Q 2021). Profit margin: (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings. Announcement • Jul 06
K Group Holdings Limited to Report Nine Months, 2022 Results on Jul 15, 2022 K Group Holdings Limited announced that they will report nine months, 2022 results on Jul 15, 2022 Announcement • Jun 07
K Group Holdings Limited Announces Executive Changes K Group Holdings Limited announced that with effect from 6 June 2022: Mr. Ong King Keung resigned as an independent non-executive Director, the chairman of Audit Committee and the member of each of Remuneration Committee and Nomination Committee; and Mr. Chau Wing Nam was appointed as an independent non-executive Director, the chairman of Audit Committee and the member of each of Remuneration Committee and Nomination Committee. Mr. Ong tendered his resignation due to personal reasons. Mr. Ong confirmed that he did not have any disagreement with the Board and there was no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited . The Board would like to express its sincere gratitude to Mr. Ong for his contribution to the Company during his respective tenure of office. The Board further announces that with effect from 6 June 2022, Mr. Chau Wing Nam was appointed as an independent non-executive Director, the chairman of Audit Committee and the member of each of Remuneration Committee and Nomination Committee. Mr. Chau, aged 34, obtained his Bachelor's degree in Accounting and Accounting Technologies from the Curtin University of Technology in August 2012. He has been a member of Hong Kong Institute of Certified Public Accountants since May 2017. He has over ten years of experience in auditing, accounting and corporate management and is currently responsible for corporate finance, mergers and acquisitions matters, investors relations, corporate governance as well as compliance affairs. Pursuant to the letter of appointment entered into between Mr. Chau and the Company, Mr. Chau is appointed as an independent non-executive Director for a term of three years with effect from 6 June 2022 subject to early termination in accordance with the terms of the Chau's Appointment Letter. Mr. Chau is also subject to retirement by rotation and re-election and other related provisions as stipulated in the articles of association of the Company and the Rules Governing the Listing of Securities on GEM of the Stock Exchange . Mr. Chau is entitled to an annual remuneration of HKD120,000 under the Chau's Appointment Letter which was determined with reference to his role, qualification, level of experience, the contribution to be made by him to the Company and the prevailing market conditions. Save as disclosed above, Mr. Chau does not hold any other major appointments or qualifications; and does not hold other positions in the Company or other members of the Group. Mr. Chau has not held any directorship in any other publicly listed companies in the last three years. As at the date of this announcement, Mr. Chau has no relationships with any Director, senior management, substantial or controlling shareholder of the Company. Announcement • May 24
K Group Holdings Limited Announces Establishment of Independent Board Committee K Group Holdings Limited announced independent board committee (the "Independent Board Committee") has been established to provide recommendation to the Independent Shareholders as to whether the terms of the Rights Issue are fair and reasonable and as to voting in respect thereof at the EGM. Members of the Independent Board Committee comprise all the independent non-executive Directors, being Mr. Ong King Keung, Mr. Law Chung Lam, Nelson and Mr. Lee Ming Yeung, Michael. Board Change • Apr 27
Less than half of directors are independent There are 6 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: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Michael Lee 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 • Apr 16
Second quarter 2022 earnings released: EPS: S$0 (vs S$0.001 loss in 2Q 2021) Second quarter 2022 results: EPS: S$0 (up from S$0.001 loss in 2Q 2021). Revenue: S$3.94m (down 15% from 2Q 2021). Net loss: S$140.0k (loss narrowed 67% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Announcement • Apr 02
K Group Holdings Limited to Report First Half, 2022 Results on Apr 14, 2022 K Group Holdings Limited announced that they will report first half, 2022 results on Apr 14, 2022 Buying Opportunity • Mar 28
Now 34% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be S$0.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.4% per annum over the last 3 years. Earnings per share has declined by 16% per annum over the last 3 years. Buying Opportunity • Feb 11
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 4.1%. The fair value is estimated to be S$0.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.4% per annum over the last 3 years. Earnings per share has declined by 16% per annum over the last 3 years. Reported Earnings • Nov 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: S$0.015 loss per share (up from S$0.017 loss in FY 2020). Revenue: S$13.4m (down 9.8% from FY 2020). Net loss: S$6.72m (loss narrowed 9.2% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Executive Departure • Sep 23
Independent Non-Executive Director Qingrong Huang has left the company On the 15th of September, Qingrong Huang's tenure as Independent Non-Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Qingrong's name. A total of 6 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Jul 16
Third quarter 2021 earnings released: S$0.002 loss per share (vs S$0.002 loss in 3Q 2020) The company reported a solid third quarter result with improved revenues and control over costs, although losses increased. Third quarter 2021 results: Revenue: S$4.19m (up 61% from 3Q 2020). Net loss: S$886.0k (loss widened 21% from 3Q 2020). Executive Departure • May 15
Independent Non-Executive Director has left the company On the 6th of May, Wai San Chow's tenure as Independent Non-Executive Director ended after 2.8 years in the role. We don't have any record of a personal shareholding under Wai San's name. A total of 5 executives have left over the last 12 months. Executive Departure • May 15
Independent Non-Executive Director has left the company On the 6th of May, Zheng Xi Choo's tenure as Independent Non-Executive Director ended after 2.8 years in the role. We don't have any record of a personal shareholding under Zheng Xi's name. A total of 5 executives have left over the last 12 months. Executive Departure • May 15
Non-Executive Director has left the company On the 6th of May, Yook Tim Ng's tenure as Non-Executive Director ended after 3.2 years in the role. We don't have any record of a personal shareholding under Yook Tim's name. A total of 5 executives have left over the last 12 months. Reported Earnings • Apr 17
Second quarter 2021 earnings released: S$0.001 loss per share (vs S$0.003 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: S$5.29m (up 22% from 2Q 2020). Net loss: S$428.0k (loss narrowed 60% from 2Q 2020). Recent Insider Transactions • Mar 30
Insider recently sold HK$11m worth of stock On the 26th of March, Wing Chak Lam sold around 26m shares on-market at roughly HK$0.42 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Executive Departure • Mar 05
Executive Chairman of the Board Weijie Lai has left the company On the 26th of February, Weijie Lai's tenure in the role of Executive Chairman of the Board ended. We don't have any record of a personal shareholding under Weijie's name. A total of 2 executives have left over the last 12 months. Announcement • Feb 27
K Group Holdings Limited Announces Retirement of Lai Weijie, Terence as Executive Director K Group Holdings Limited at its AGM held on February 26, 2021 announced that the Mr. Lai Weijie, Terence retired as an executive Director with effect from the conclusion of the 2021 AGM. Following the retirement of Mr. Terence Lai as an executive Director, Mr. Terence Lai also ceased to be the chairman of the Board. Is New 90 Day High Low • Feb 17
New 90-day low: HK$0.33 The company is down 65% from its price of HK$0.92 on 19 November 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 20% over the same period. Is New 90 Day High Low • Jan 19
New 90-day low: HK$0.57 The company is down 19% from its price of HK$0.70 on 21 October 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 11% over the same period. Announcement • Jan 01
K Group Holdings Limited to Report Q1, 2021 Results on Jan 14, 2021 K Group Holdings Limited announced that they will report Q1, 2021 results on Jan 14, 2021 Announcement • Dec 01
K Group Holdings Limited, Annual General Meeting, Feb 23, 2021 K Group Holdings Limited, Annual General Meeting, Feb 23, 2021, at 14:00 Singapore Standard Time. Location: 1 Grange Road, Orchard Building, #12-01 Singapore Singapore Agenda: To consider and receive the audited consolidated financial statements of the company and its subsidiaries and the reports of the directors and independent auditor of the company for the year ended 31 August 2020; to re-elect directors; to authorise the board of directors of the company to fix the remuneration of the directors of the Company for the year ending 31 August 2021; to re-appoint Zenith CPA Limited as the independent auditor of the Company and authorise the board of directors of the Company to fix its remuneration; and to consider other matters. Reported Earnings • Nov 27
Full year 2020 earnings released: S$0.017 loss per share The company reported a poor full year result with increased losses and weaker revenues and control over expenses. Full year 2020 results: Revenue: S$13.3m (down 22% from FY 2019). Net loss: S$7.41m (loss widened 102% from FY 2019). Is New 90 Day High Low • Nov 23
New 90-day high: HK$0.94 The company is up 31% from its price of HK$0.72 on 25 August 2020. The Hong Kong market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 7.0% over the same period. Is New 90 Day High Low • Oct 20
New 90-day low: HK$0.69 The company is down 1.0% from its price of HK$0.70 on 22 July 2020. The Hong Kong market is down 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Hospitality industry, which is up 8.0% over the same period. Announcement • Oct 11
K Group Holdings Limited Announces the Change of Company Secretary and Authorized Representative The board of directors of K Group Holdings Limited announced that Mr. Chow Chun To has tendered his resignation as the company secretary of the company, with effect from 9 October 2020 and has ceased to act as the authorised representative of the Company, under Rule 5.24 of the rules governing the listing of securities on GEM of the Stock Exchange upon his resignation; The Board announced that Mr. Wong Wah ("Mr. Wong") has been appointed as the Company Secretary and the authorized representative in replacement of Mr. Chow with effect from 9 October 2020. Is New 90 Day High Low • Sep 22
New 90-day high: HK$0.87 The company is up 16% from its price of HK$0.75 on 24 June 2020. The Hong Kong market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 14% over the same period. 
