New Risk • May 14
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: Major Risk Earnings have declined by 27% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Significant insider selling over the past 3 months (HK$39m sold). Market cap is less than US$100m (HK$221.2m market cap, or US$28.2m). Announcement • Apr 23
Future Bright Mining Holdings Limited, Annual General Meeting, May 20, 2026 Future Bright Mining Holdings Limited, Annual General Meeting, May 20, 2026, at 11:00 China Standard Time. Location: unit 8101, level 81, international commerce centre, 1 austin road west, kowloon, Hong Kong Board Change • Apr 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: 6 new directors. 1 experienced director. 1 highly experienced director. 3 independent directors (4 non-independent directors). Deputy Chief Engineer & Safety Manager Shan Yuan is the most experienced director on the board, commencing their role in 2014. Independent Non-Executive Director Siu Man Tam 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 • Mar 27
Full year 2025 earnings released: CN¥0.016 loss per share (vs CN¥0.018 loss in FY 2024) Full year 2025 results: CN¥0.016 loss per share (improved from CN¥0.018 loss in FY 2024). Revenue: CN¥73.2m (down 24% from FY 2024). Net loss: CN¥17.5m (loss narrowed 7.1% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Announcement • Mar 11
Future Bright Mining Holdings Limited to Report Fiscal Year 2025 Results on Mar 26, 2026 Future Bright Mining Holdings Limited announced that they will report fiscal year 2025 results on Mar 26, 2026 Announcement • Jan 21
Future Bright Mining Holdings Limited Appoints Sun Hailong as Chairman of the Board, Effective January 20, 2026 Future Bright Mining Holdings Limited announced that Mr. Sun Hailong, an existing executive Director, has been appointed as chairman of the Board with effect from January 20, 2026. Mr. Sun, aged 39, has been as an executive Director of the Company since April 1, 2024. Mr. Sun obtained a degree in accounting from the Inner Mongolia University of Technology in June 2010. Mr. Sun previously worked as the capital supervisor and manager in the finance department of Inner Mongolia Lianchuang Investment Co. Ltd. from March 2011 to February 2016. He was engaged in the supply chain finance between upstream and downstream supply of coal trading business from March 2016 to June 2022. Since June 2022, Mr. Sun has been working as the director and general manager in Inner Mongolia Main Pacific Energy Company Limited, a PRC subsidiary of the Company, in which he is responsible for the coals trading business of the subsidiary. He is also a director of certain subsidiaries of the Company, including World Harvest Group Limited, Main Pacific Investment Limited and Main Pacific (Shenzhen) Technology Limited. Board Change • Dec 29
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. 1 highly experienced director. 3 independent directors (4 non-independent directors). Deputy Chief Engineer & Safety Manager Shan Yuan is the most experienced director on the board, commencing their role in 2014. Independent Non-Executive Director Siu Man Tam 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. New Risk • Oct 30
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 (19% average weekly change). Earnings have declined by 22% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$259.1m market cap, or US$33.3m). Announcement • Oct 21
Future Bright Mining Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 28.016695 million. Future Bright Mining Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 28.016695 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 210,651,840
Price\Range: HKD 0.133
Discount Per Security: HKD 0.002394
Transaction Features: Subsequent Direct Listing Announcement • Sep 26
Future Bright Mining Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 28.016695 million. Future Bright Mining Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 28.016695 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 210,651,840
Price\Range: HKD 0.133
Discount Per Security: HKD 0.002394
Transaction Features: Subsequent Direct Listing Reported Earnings • Sep 16
First half 2025 earnings released: CN¥0.008 loss per share (vs CN¥0.009 loss in 1H 2024) First half 2025 results: CN¥0.008 loss per share (improved from CN¥0.009 loss in 1H 2024). Revenue: CN¥9.93m (down 78% from 1H 2024). Net loss: CN¥8.76m (loss narrowed 10% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 20% per year. Announcement • Aug 15
Future Bright Mining Holdings Limited to Report First Half, 2025 Results on Aug 28, 2025 Future Bright Mining Holdings Limited announced that they will report first half, 2025 results on Aug 28, 2025 New Risk • May 08
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 19% 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 (19% average weekly change). Earnings have declined by 12% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$113.8m market cap, or US$14.6m). New Risk • Apr 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$65.3m (US$8.42m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 12% per year over the past 5 years. Market cap is less than US$10m (HK$65.3m market cap, or US$8.42m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Announcement • Apr 29
Future Bright Mining Holdings Limited, Annual General Meeting, Jun 12, 2025 Future Bright Mining Holdings Limited, Annual General Meeting, Jun 12, 2025, at 11:00 China Standard Time. Location: unit 8101,level 81, international commerce centre, 1 austin road west., kowloon Hong Kong Board Change • Apr 28
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, 2 were independent directors. The company's board is composed of: 8 new directors. 1 experienced director. 1 highly experienced director. 3 independent directors (6 non-independent directors). Deputy Chief Engineer & Safety Manager Shan Yuan is the most experienced director on the board, commencing their role in 2014. Independent Non-Executive Director Wan Lung Wong 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. Reported Earnings • Mar 21
Full year 2024 earnings released: CN¥0.018 loss per share (vs CN¥0.022 loss in FY 2023) Full year 2024 results: CN¥0.018 loss per share (improved from CN¥0.022 loss in FY 2023). Revenue: CN¥96.4m (up 24% from FY 2023). Net loss: CN¥18.8m (loss narrowed 3.9% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Mar 20
Future Bright Mining Holdings Limited has withdrawn its Follow-on Equity Offering in the amount of HKD 23.171702 million. Future Bright Mining Holdings Limited has withdrawn its Follow-on Equity Offering in the amount of HKD 23.171702 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 210,651,840
Price\Range: HKD 0.11
Transaction Features: Subsequent Direct Listing Announcement • Mar 06
Future Bright Mining Holdings Limited to Report Fiscal Year 2024 Results on Mar 20, 2025 Future Bright Mining Holdings Limited announced that they will report fiscal year 2024 results on Mar 20, 2025 New Risk • Jan 13
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). Shareholders have been diluted in the past year (20% increase in shares outstanding). Significant insider selling over the past 3 months (HK$40m sold). Market cap is less than US$100m (HK$125.3m market cap, or US$16.1m). Announcement • Jan 03
Future Bright Mining Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 23.171702 million. Future Bright Mining Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 23.171702 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 210,651,840
Price\Range: HKD 0.11
Transaction Features: Subsequent Direct Listing Announcement • Aug 30
Future Bright Mining Holdings Limited Appoints Mr. Zhou as an Executive Director, Effective from 1 September 2024 Future Bright Mining Holdings Limited announces that Mr. Zhou would be appointed as an executive Director with effect from 1 September 2024. Mr. Zhou, aged 32, graduated from Cardiff Metropolitan University with a Master of Science degree in Human Resource Management in October 2017. In November 2021, Mr. Zhou and Mr. Yang Jiantong ("Mr. Yang"), an executive Director and the brother-in-law of Mr. Zhou, founded Shenzhen Rongyu Private Equity Investment Limited Corporation ("Shenzhen Rongyu"), which is principally engaged in equity investment and mergers and acquisitions in the advanced science and technologies sector. Mr. Zhou serves as the general manager of the project department of Shenzhen Rongyu, and is responsible for its strategic research, equity restructuring, project acquisition and negotiation. Mr. Zhou specialises in the investment and financing of chip semiconductors and hard technology projects, exploring high-quality investment projects, as well as corporate operation and strategic management of Shenzhen Rongyu. Reported Earnings • Aug 29
First half 2024 earnings released: CN¥0.009 loss per share (vs CN¥0.011 loss in 1H 2023) First half 2024 results: CN¥0.009 loss per share. Revenue: CN¥44.9m (up 290% from 1H 2023). Net loss: CN¥9.74m (loss widened 1.2% from 1H 2023). New Risk • Aug 28
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -CN¥65m This is considered a minor 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: Minor Risks Less than 1 year of cash runway based on current free cash flow (-CN¥65m). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$179.1m market cap, or US$23.0m). Announcement • Aug 12
Future Bright Mining Holdings Limited to Report First Half, 2024 Results on Aug 26, 2024 Future Bright Mining Holdings Limited announced that they will report first half, 2024 results on Aug 26, 2024 Announcement • Aug 08
Future Bright Mining Holdings Limited Appoints Zhu Min as a Non-Executive Director, Effective 10 August 2024 The board of directors of Future Bright Mining Holdings Limited announced that Ms. Zhu Min would be appointed as a non-executive Director with effect from 10 August 2024. Ms. Zhu, aged 48, obtained a diploma in accounting from the Inner Mongolia College of Finance and Economics in July 1999 and a diploma in economics from Tsinghua University in September 2004. She previously worked in various departments in the Inner Mongolia Branch of China Development Bank from April 2003 to July 2024, in which her last position was the senior manager of the Department of Finance and Accounting of the Inner Mongolia Branch of China Development Bank. Ms. Zhu is the spouse of Mr. Xue Yunfei, the executive Director and the chief executive officer of the Company. 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 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks 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). Market cap is less than US$100m (HK$212.8m market cap, or US$27.2m). Board Change • Apr 05
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, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Wan Lung Wong 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. Announcement • Mar 28
Future Bright Mining Holdings Limited Announces Board Changes, Effective 1 April 2024 Future Bright Mining Holdings Limited announced that Ms. Bao Rongrong (Ms. Bao) and Mr. Yang Xiaoqiang (Mr. Yang) have tendered their resignation as executive Directors with effect from 1 April 2024 due to their other business engagements. The board announced that Mr. Xue Yunfei (Mr. Xue) and Mr. Sun Hailong (Mr. Sun) would be appointed as the executive directors with effect from 1 April 2024. Mr. Xue, aged 49, has been appointed as the chief executive officer of the Company on 26 January 2024. Mr. Xue obtained a bachelor's degree in economics from the Inner Mongolia College of Finance and Economics (currently known as the Inner Mongolia University of Finance and Economics) in July 2000. He obtained a master's degree in law from the China University of Political Science and Law in January 2008, a master's degree in business administration from the Inner Mongolia University in January 2012, and a master's degree of science in Chinese environmental studies from the Hong Kong Metropolitan University in March 2024. Mr. Xue previously worked in various departments in the Inner Mongolia Branch of the Bank of China from July 2011 to January 2023, in which his last position was the general manager of the settlement center of the Inner Mongolia Branch of the Bank of China. Mr. Xue was named the Model Worker (Advanced Worker) of the Inner Mongolia Autonomous Region) in April 2015 and awarded the National Finance May 1st Labour Medal in March 2016. Mr. Sun, aged 38, obtained a degree in accounting from the Inner Mongolia University of Technology in June 2010. Mr. Sun previously worked as the capital supervisor and manager in the finance department of Inner Mongolia Lianchuang Investment Co. Ltd. from March 2011 to February 2016. He was engaged in the supply chain finance between upstream and downstream supply of coal trading business from March 2016 to June 2022. Since June 2022, Mr. Sun has been working as the director and general manager in Inner Mongolia Main Pacific Energy Company Limited in which he is responsible for the coals trading business of the subsidiary. Reported Earnings • Mar 28
Full year 2023 earnings released: CN¥0.022 loss per share (vs CN¥0.01 loss in FY 2022) Full year 2023 results: CN¥0.022 loss per share (further deteriorated from CN¥0.01 loss in FY 2022). Revenue: CN¥77.7m (up 22% from FY 2022). Net loss: CN¥19.6m (loss widened 121% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. New Risk • Mar 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (20% increase in shares outstanding). Significant insider selling over the past 3 months (HK$69m sold). Market cap is less than US$100m (HK$226.5m market cap, or US$29.0m). Announcement • Mar 13
Future Bright Mining Holdings Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Future Bright Mining Holdings Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Announcement • Jan 26
Future Bright Mining Holdings Limited Announces the Appointment of Xue Yunfei as Chief Executive Officer The board of directors of Future Bright Mining Holdings Limited announced that Mr. Xue Yunfei has been appointed as the chief executive officer of the Company with effect from 26 January 2024. Mr. Xue, aged 49, obtained a bachelor’s degree in economics from the Inner Mongolia College of Finance and Economics (currently known as the Inner Mongolia University of Finance and Economics in July 2000. He obtained a master’s degree in law from the China University of Political Science and Law in January 2008, and a master’s degree in business administration from the Inner Mongolia University in January 2012. Mr. Xue previously worked in various departments in the Inner Mongolia Branch of the Bank of China from July 2011 to January 2023, in which his last position was the general manager of the settlement center of the Inner Mongolia Branch of the Bank of China. Mr. Xue was named the Model Worker (Advanced Worker)* of the Inner Mongolia Autonomous Region in April 2015 and awarded the National Finance May 1st Labour Medal in March 2016. New Risk • Jan 20
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: Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Significant insider selling over the past 3 months (HK$50m sold). Market cap is less than US$100m (HK$259.1m market cap, or US$33.1m). Announcement • Jan 19
Future Bright Mining Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 35.986356 million. Future Bright Mining Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 35.986356 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 175,543,200
Price\Range: HKD 0.205
Discount Per Security: HKD 0.002255
Transaction Features: Subsequent Direct Listing Announcement • Jan 05
Future Bright Mining Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 35.986356 million. Future Bright Mining Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 35.986356 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 175,543,200
Price\Range: HKD 0.205
Discount Per Security: HKD 0.002255
Transaction Features: Subsequent Direct Listing Announcement • Dec 29
Future Bright Mining Holdings Limited Announces Resignation of Bao Xuefeng as Chief Executive Officer, Effective 1 January 2024 Future Bright Mining Holdings Limited announced that Mr. Bao Xuefeng has tendered his resignation as the chief executive officer of the Company with effect from 1 January 2024 due to his other business engagements. Announcement • Oct 26
Future Bright Mining Holdings Limited Appoints Ms. Wong Wan Lung as Independent Non-Executive Director, the Chairman of the Audit Committee of the Company and Member of the Remuneration Committee and Nomination Committee Future Bright Mining Holdings Limited announced that Ms. Wong Wan Lung has been appointed as an Independent Non-Executive Director, the chairman of the audit committee of the Company and a member of the remuneration committee and nomination committee of the Company with effect from 25 October 2023. Ms. Wong, aged 49, has over 25 years of experience in accounting and financial management. Ms. Wong obtained a bachelor's degree in business administration from Lingnan College (currently known as Lingnan University) in 1997 and a master's degree in professional accounting from the Hong Kong Polytechnic University in 2010. She was admitted as a member and a fellow of The Association of Chartered Certified Accountants in November 2000 and November 2005, respectively. She was also admitted as a member of The Hong Kong Institute of Certified Public Accountants (previously known as the Hong Kong Society of Accountants) in January 2001. Ms. Wong has been a director of Smart Well Consultants Limited since April 2016. She previously worked as the financial manager of Prosperity Management Services Limited from April 2019 to May 2021, a wholly-owned subsidiary of Prosperity Investment Holdings Limited (Stock Code: 310), the shares of which are listed on the Main Board of the Stock Exchange; and also the financial manager of Glorious Bright Limited from May 2012 to July 2021. Prior to that, she acted as the financial controller of China Outdoor Holdings Limited and Guohua Investment Holdings Limited, the finance and administration manager of First Sign International Holdings Limited, the shares of which were formerly listed on the Main Board of the Stock Exchange; and also worked in private companies and accounting firms. Ms. Wong has entered into a letter of appointment with the Company, pursuant to which Ms. Wong shall hold office for an initial term of three years commencing from 25 October 2023, unless terminated by either party in accordance with the terms thereof. Ms. Wong shall be eligible for re-election in accordance with the articles of association of the Company. Pursuant to the letter of appointment, Ms. Wong is entitled to a directors' fee of HKD 120,000 per annum. The emoluments of Ms. Wong are determined by the Board with the recommendation of the remuneration committee of the Company and after taking into account her duties and responsibilities within the Company and the prevailing market conditions. Announcement • Oct 01
Future Bright Mining Holdings Limited Announces Change of Directors, Effective 1 October 2023 The board of directors of Future Bright Mining Holdings Limited announced that Mr. Liu Yan Chee James ("Mr. Liu") has tendered his resignation as an executive Director with effect from 1 October 2023 due to his other business engagements. The Board announced that Ms. Bao Rongrong ("Ms. Bao") would be appointed as an executive Director with effect from 1 October 2023. Ms. Bao, aged 29, graduated from Tonghua County No. 7 Senior Middle School in June 2013. She worked as an assistant sales manager in Beijing Yuda Real Estate Development Limited from 2014 to 2016, and the deputy general manager of Beijing Oriental Xinzhou Trading Limited from 2016 to 2021. She has been working as the general manager of Xingxin Changjing (Beijing) Cultural Development Limited since 2021. Reported Earnings • Aug 27
First half 2023 earnings released: CN¥0.011 loss per share (vs CN¥0.005 loss in 1H 2022) First half 2023 results: CN¥0.011 loss per share (further deteriorated from CN¥0.005 loss in 1H 2022). Revenue: CN¥11.5m (down 11% from 1H 2022). Net loss: CN¥9.62m (loss widened 141% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 10
Future Bright Mining Holdings Limited to Report Q2, 2023 Results on Aug 24, 2023 Future Bright Mining Holdings Limited announced that they will report Q2, 2023 results on Aug 24, 2023 Announcement • Jun 10
Future Bright Mining Holdings Limited Announces Retirement of Liu Shuyan as an Independent Non-Executive Director Future Bright Mining Holdings Limited announced that on 7 June 2023, the Board received a notice of retirement from Ms. Liu Shuyan ("Ms. Liu") that she will retire from office as an independent non-executive Director ("INED") upon the conclusion of the 2023 AGM pursuant to article 84(1) of the Articles. Ms. Liu confirmed that she will not offer herself for re-election at the 2023 AGM as she wishes to devote more time to her other business engagements. Following the retirement of Ms. Liu and with effect from the conclusion of the 2023 AGM, she will cease to be the chairperson of the audit committee and a member of the remuneration committee and the nomination committee of the Company. Announcement • May 11
Future Bright Mining Holdings Limited, Annual General Meeting, Jun 27, 2023 Future Bright Mining Holdings Limited, Annual General Meeting, Jun 27, 2023, at 11:00 China Standard Time. Location: at Units 130203, 13/F., Ruttonjee House, Ruttonjee Centre, 11 Duddell Street, Central, Central Hong Kong Agenda: To receive, consider and adopt the audited consolidated financial statements of the Company and its subsidiaries and the reports of the directors and the auditors of the Company for the year ended 31 December 2022; To re-elect an executive directors and independent non-executive directors of the Company; To re-appoint Messrs. Lau & Au Yeung C.P.A. Limited as the auditors of the Company and to authorise the board of directors of the Company to fix their remuneration; and to consider other matters if any. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Xiaolong Wang 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. Reported Earnings • Sep 03
First half 2022 earnings released: CN¥0.004 loss per share (vs CN¥0.003 profit in 1H 2021) First half 2022 results: CN¥0.004 loss per share (down from CN¥0.003 profit in 1H 2021). Revenue: CN¥12.9m (down 41% from 1H 2021). Net loss: CN¥4.00m (down 267% from profit in 1H 2021). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Aug 13
Future Bright Mining Holdings Limited to Report Q2, 2022 Results on Aug 29, 2022 Future Bright Mining Holdings Limited announced that they will report Q2, 2022 results on Aug 29, 2022 Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Chi Pang Lau was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 08
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: CN¥0.001 loss per share (up from CN¥0.003 loss in FY 2020). Revenue: CN¥24.7m (up 22% from FY 2020). Net loss: CN¥2.49m (loss narrowed 79% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Announcement • Feb 18
Future Bright Mining Holdings Limited to Report Fiscal Year 2021 Results on Mar 07, 2022 Future Bright Mining Holdings Limited announced that they will report fiscal year 2021 results on Mar 07, 2022 Reported Earnings • Aug 30
First half 2021 earnings released: EPS CN¥0.001 (vs CN¥0.002 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥22.0m (up CN¥19.3m from 1H 2020). Net income: CN¥2.40m (up CN¥10.1m from 1H 2020). Profit margin: 11% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. 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 50% per year, which means it is significantly lagging earnings. Executive Departure • Jul 20
Executive Director Xiaoqiu Yang has left the company On the 14th of July, Xiaoqiu Yang's tenure as Executive Director ended. As of March 2021, Xiaoqiu still personally held 111.62m shares (HK$1.8m worth at the time). Xiaoqiu is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.75 years. Reported Earnings • Apr 28
Full year 2020 earnings released: CN¥0.003 loss per share (vs CN¥0.005 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: CN¥20.2m (up 230% from FY 2019). Net loss: CN¥11.8m (loss narrowed 38% from FY 2019). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS CN¥0.003 (vs CN¥0.005 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: CN¥20.2m (up 230% from FY 2019). Net loss: CN¥11.8m (loss narrowed 38% from FY 2019). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Announcement • Mar 16
Future Bright Mining Holdings Limited to Report Fiscal Year 2020 Results on Mar 30, 2021 Future Bright Mining Holdings Limited announced that they will report fiscal year 2020 results on Mar 30, 2021 Announcement • Dec 23
Future Bright Mining Holdings Limited Announces Re-Designation of Yang Xiaoqiang from Non-Executive Director to an Executive Director The board of directors of Future Bright Mining Holdings Limited announces that Mr. Yang Xiaoqiang has been re-designated from a non-executive Director to an executive Director with effect from 22 December 2020. Mr. Yang Xiaoqiang aged 49, was appointed as a non-executive Director and the vice chairman of the Board on 19 September 2018. He obtained a bachelor's degree in industrial automation from the Shenyang Mechanical Engineering University in 1994 and obtained a master's degree in civil and commercial laws from the Shenyang Normal University in July 2001. Mr. Yang has extensive experience in real estate development and investment management. He has been appointed as director and general manager of Shenyang Tairong Real Estate Development Corporation Limited since September 2010. He has also been a non-executive director and the vice chairman of Asia Resources Holdings Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited since September 2018, in which Mr. Li Yuguo (an executive Director and the chief executive officer of the Company) is an executive director and chairman of the board and Mr. Liu Yan Chee James (an executive Director) is an executive director and the chief executive officer. Reported Earnings • Sep 18
First half earnings released Over the last 12 months the company has reported total losses of CN¥14.9m, with losses narrowing by 68% from the prior year. Total revenue was CN¥7.73m over the last 12 months, down 63% from the prior year. Announcement • Aug 13
Future Bright Mining Holdings Limited to Report First Half, 2020 Results on Aug 21, 2020 Future Bright Mining Holdings Limited announced that they will report first half, 2020 results on Aug 21, 2020