Board Change • May 28
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Dawei Song was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 26
A Metaverse Company Announces Committee Changes A Metaverse Company at its AGM held on May 26, 2025 announced that Mr. KWOK Pak Shing ("Mr. Kwok") has retired as an independent non-executive Director at the conclusion of the AGM pursuant to the articles of association of the Company. Mr. Kwok has also ceased to be the chairman of the remuneration committee (the "Remuneration Committee") of the Company, a member of each of the audit committee (the "Audit Committee") of the Company and the nomination committee (the "Nomination Committee") of the Company, with effect from the conclusion of the AGM. Following the retirement of Mr. Kwok, Mr. SONG Dawei, an independent non-executive Director, has been appointed as the chairman of the Remuneration Committee and a member of both of the Audit Committee and the Nomination Committee with effect from the conclusion of the AGM. Reported Earnings • Apr 02
Full year 2024 earnings released: CN¥0.018 loss per share (vs CN¥0.007 loss in FY 2023) Full year 2024 results: CN¥0.018 loss per share (further deteriorated from CN¥0.007 loss in FY 2023). Net loss: CN¥38.6m (loss widened 147% from FY 2023). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Announcement • Apr 01
A Metaverse Company, Annual General Meeting, May 26, 2025 A Metaverse Company, Annual General Meeting, May 26, 2025. Announcement • Mar 13
A Metaverse Company to Report Fiscal Year 2024 Results on Mar 25, 2025 A Metaverse Company announced that they will report fiscal year 2024 results on Mar 25, 2025 Announcement • Oct 18
A Metaverse Company Announces Board and Committee Changes The board of directors of A Metaverse Company announced that Mr. Huang Bo is appointed as an independent non-executive Director; and a member of each of the audit committee of the Board and the remuneration committee of the Board (the "Remuneration Committee") and the chairman of the nomination committee of the Board (the "Nomination Committee") with effect from 16 October 2024. Mr. Huang, aged 48, obtained a bachelor degree of accounting from China University of Geosciences in June 2000 and he was qualified as a CPA in CPA Australia since November 2019. Mr. Huang has over 24 years of experience in financial management and accounting. From 2000 to 2003, he worked as an accountant and financial manager with China Railway Construction Bridge Engineering Bureau Group Co. Ltd. Mr. Huang then served as the finance manager and controller at CGCOC Group in Nigeria. Between 2008 and 2011, he held financial leadership positions at CGCOC Group in Angola and Ethiopia, focusing on project budgeting, tax planning, and risk management for significant projects. From 2011 to 2023, he served as the deputy financial director at CGCOC Group. Most recently, from 2015 to 2023, while holding the office of the deputy financial director at CGCOC Group, he also acted as the financial director and managing director at the Hong Kong subsidiary of CGCOC Group from 2015 to 2023. Between June 2023 and July 2024, Mr. Huang was the chief accountant at Hansom Holdings Group and he is currently the deputy financial director of Jinyuan EP Co. Ltd. which is listed on the Shenzhen Stock Exchange. The Board further announces that, with effect from 16 October 2024: (i) Mr. Huang is appointed as a member of each of the Audit Committee and the Remuneration Committee, and the chairman of the Nomination Committee; and (ii) Mr. Lam Kai Yeung, its independent non-executive Director, ceases to act as the chairman of the Nomination Committee and a member of the Remuneration Committee. New Risk • Sep 27
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: -CN¥150m 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 (-CN¥150m free cash flow). Earnings have declined by 3.6% per year over the past 5 years. Market cap is less than US$10m (HK$43.0m market cap, or US$5.53m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (CN¥22m revenue, or US$3.1m). Reported Earnings • Sep 02
First half 2024 earnings released: CN¥0.004 loss per share (vs CN¥0 in 1H 2023) First half 2024 results: CN¥0.004 loss per share (further deteriorated from CN¥0 in 1H 2023). Net loss: CN¥8.43m (loss widened CN¥8.04m from 1H 2023). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. Announcement • Aug 15
A Metaverse Company to Report First Half, 2024 Results on Aug 27, 2024 A Metaverse Company announced that they will report first half, 2024 results on Aug 27, 2024 New Risk • Apr 24
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: HK$740k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (33% average weekly change). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (HK$36.6m market cap, or US$4.67m). Minor Risks Significant insider selling over the past 3 months (HK$740k sold). Revenue is less than US$5m (CN¥24m revenue, or US$3.3m). Reported Earnings • Apr 03
Full year 2023 earnings released: CN¥0.007 loss per share (vs CN¥0.10 loss in FY 2022) Full year 2023 results: CN¥0.007 loss per share (improved from CN¥0.10 loss in FY 2022). Net loss: CN¥15.6m (loss narrowed 93% from FY 2022). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Announcement • Apr 02
A Metaverse Company, Annual General Meeting, May 28, 2024 A Metaverse Company, Annual General Meeting, May 28, 2024. Announcement • Mar 15
A Metaverse Company to Report Fiscal Year 2023 Results on Mar 26, 2024 A Metaverse Company announced that they will report fiscal year 2023 results on Mar 26, 2024 Announcement • Dec 05
A Metaverse Company, Annual General Meeting, Dec 27, 2023 A Metaverse Company, Annual General Meeting, Dec 27, 2023, at 14:00 China Standard Time. Location: Room 1609, Building A, Cyberspace Mansion, Courtyard No. 28, Xiaoyun Road Chaoyang District Beijing Province China Agenda: To receive, consider and adopt the audited consolidated financial statements of the Company and its subsidiaries and the report of the directors of the Company and auditors of the Company for the year ended 31 December 2021; and the audited consolidated financial statements of the Company and its subsidiaries and the report of the Directors and Auditors for the year ended 31 December 2022; to consider re-election of Directors; to consider re-appointment of Moore CPA Limited as the Auditors and to authorise the Board to fix their remuneration; and to consider other matters. New Risk • Dec 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$77.5m (US$9.91m) 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 Shares are highly illiquid. Earnings have declined by 25% per year over the past 5 years. Market cap is less than US$10m (HK$77.5m market cap, or US$9.91m). Minor Risk Revenue is less than US$5m (CN¥9.0m revenue, or US$1.3m). New Risk • Nov 06
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: CN¥9.0m (US$1.2m) This is considered a minor risk. Companies with a small amount of revenue 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 Shares are highly illiquid. Earnings have declined by 25% per year over the past 5 years. Minor Risks Revenue is less than US$5m (CN¥9.0m revenue, or US$1.2m). Market cap is less than US$100m (HK$344.3m market cap, or US$44.0m). Board Change • Nov 06
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Alex Kwok was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jul 15
A Metaverse Company to Report Q2, 2023 Results on Jul 31, 2023 A Metaverse Company announced that they will report Q2, 2023 results on Jul 31, 2023 Announcement • Jun 02
A Metaverse Company to Report Fiscal Year 2022 Results on Jun 14, 2023 A Metaverse Company announced that they will report fiscal year 2022 results on Jun 14, 2023 Announcement • May 02
A Metaverse Company to Report Fiscal Year 2021 Final Results on May 31, 2022 A Metaverse Company announced that they will report fiscal year 2021 final results on May 31, 2022 Reported Earnings • Sep 29
First half 2021 earnings released: CN¥0.008 loss per share (vs CN¥0.012 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: CN¥74.4m (up 144% from 1H 2020). Net loss: CN¥15.8m (loss narrowed 9.9% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings. Director Overboarding • Aug 30
Director Kai Yeung Lam has joined 6th company board Independent Non-Executive Director Kai Yeung Lam has been appointed to the board of Sunway International Holdings Limited (SEHK:58). Lam now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Hang Pin Living Technology Company Limited (SEHK:1682), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Announcement • Jul 22
Jinbi Market (Hong Kong) Limited acquired additional 10.3% minority stake in Starrise Media Holdings Limited (SEHK:1616) from Beijing Huasheng Century Media Technology Company Limited. Jinbi Market (Hong Kong) Limited acquired additional 10.3% minority stake in Starrise Media Holdings Limited (SEHK:1616) from Beijing Huasheng Century Media Technology Company Limited on July 19, 2021. Under the term, Jinbi Market will acquire 202.47 million shares of Starrise Media Holdings Limited. Post completion, Jinbi Market and Beijing Huasheng Century Media Technology will hold 15.44% and 16.29% stake in Starrise Media Holdings Limited respectively.
Jinbi Market (Hong Kong) Limited completed the acquisition of additional 10.3% minority stake in Starrise Media Holdings Limited (SEHK:1616) from Beijing Huasheng Century Media Technology Company Limited on July 19, 2021. Executive Departure • Jun 08
Executive Director Chen Chen has left the company On the 1st of June, Chen Chen's tenure as Executive Director ended after 5.7 years in the role. We don't have any record of a personal shareholding under Chen's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Mar 27
Full year 2020 earnings released: CN¥0.20 loss per share (vs CN¥0.022 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥94.1m (down 67% from FY 2019). Net loss: CN¥281.3m (down CN¥312.3m from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Announcement • Mar 16
Starrise Media Holdings Limited to Report Fiscal Year 2020 Results on Mar 25, 2021 Starrise Media Holdings Limited announced that they will report fiscal year 2020 results on Mar 25, 2021 Announcement • Jan 20
Starrise Media Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 15.777393 million. Starrise Media Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 15.777393 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 101,137,134
Price\Range: HKD 0.156 Announcement • Dec 16
Starrise Media Holdings Limited Announces Resignation of Tan Bin as Executive Director The board of directors of Starrise Media Holdings Limited announced that Mr. Tan Bin has tendered his resignation as an executive Director of the Company with effect from 14 December 2020. Mr. Tan confirmed that his resignation was due to his intention to concentrate in his own business engagement, that he has no disagreement with the Board, and there is 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. Is New 90 Day High Low • Sep 29
New 90-day low: HK$0.28 The company is down 61% from its price of HK$0.72 on 30 June 2020. The Hong Kong market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 9.0% over the same period. Reported Earnings • Sep 25
First half earnings released Over the last 12 months the company has reported total losses of CN¥16.1m, with losses narrowing by 46% from the prior year. Total revenue was CN¥94.4m over the last 12 months, down 41% from the prior year. Announcement • Aug 22
Starrise Media Holdings Limited to Report First Half, 2020 Results on Aug 28, 2020 Starrise Media Holdings Limited announced that they will report first half, 2020 results on Aug 28, 2020 