New Risk • Mar 09
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 9.8% 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 Shareholders have been substantially diluted in the past year (300% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (9.8% average weekly change). New Risk • Feb 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 300% This is considered a major 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. This is currently the only risk that has been identified for the company. New Risk • Jan 20
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 9.5% 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 (9.5% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$225.8m market cap, or US$29.0m). Reported Earnings • Dec 01
First half 2026 earnings released: HK$0.11 loss per share (vs HK$0.011 loss in 1H 2025) First half 2026 results: HK$0.11 loss per share (further deteriorated from HK$0.011 loss in 1H 2025). Revenue: HK$8.34m (down 52% from 1H 2025). Net loss: HK$33.8m (loss widened HK$31.7m from 1H 2025). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Nov 21
Crown International Corporation Limited has filed a Follow-on Equity Offering in the amount of HKD 620.02395 million. Crown International Corporation Limited has filed a Follow-on Equity Offering in the amount of HKD 620.02395 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 953,883,000
Price\Range: HKD 0.65
Transaction Features: Rights Offering Announcement • Nov 13
Crown International Corporation Limited to Report First Half, 2026 Results on Nov 28, 2025 Crown International Corporation Limited announced that they will report first half, 2026 results on Nov 28, 2025 Announcement • Jul 31
Crown International Corporation Limited Approves Board Appointments Crown International Corporation Limited at its AGM held on 31 July 2025, approved to appoint Mr. Li Kin Long as a non- executive Director and Mr. Tai Shaw Hoong as a non- executive Director. Announcement • Jul 06
Crown International Corporation Limited, Annual General Meeting, Jul 31, 2025 Crown International Corporation Limited, Annual General Meeting, Jul 31, 2025, at 11:00 China Standard Time. Location: m1, 6/floor, everbright centre, 108 gloucester road, wan chai, Hong Kong New Risk • Jun 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 (29% average weekly change). Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Market cap is less than US$100m (HK$480.1m market cap, or US$61.2m). Announcement • Jun 16
Crown International Corporation Limited to Report Fiscal Year 2025 Results on Jun 27, 2025 Crown International Corporation Limited announced that they will report fiscal year 2025 results on Jun 27, 2025 Board Change • Apr 14
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Executive Chairman Zhenming Wei is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Mar 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Market cap is less than US$10m (HK$21.9m market cap, or US$2.82m). Buy Or Sell Opportunity • Mar 27
Now 212% overvalued after recent price rise Over the last 90 days, the stock has risen 1,060% to HK$1.38. The fair value is estimated to be HK$0.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Earnings per share has grown by 26%. Announcement • Feb 20
Crown International Corporation Limited has completed a Follow-on Equity Offering in the amount of HKD 93.26856 million. Crown International Corporation Limited has completed a Follow-on Equity Offering in the amount of HKD 93.26856 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,059,870,000
Price\Range: HKD 0.088
Discount Per Security: HKD 0.001
Transaction Features: Subsequent Direct Listing New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major 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 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$402.8m market cap, or US$51.7m). New Risk • Dec 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 50% 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 (23% average weekly change). Earnings have declined by 32% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (HK$635.9m market cap, or US$81.7m). Announcement • Nov 27
Crown International Corporation Limited Provides Consolidated Earnings Guidance for the Period Ended 30 September 2024 Crown International Corporation Limited provided consolidated earnings guidance for the period ended 30 September 2024. Based on the preliminary assessment of the Board with reference to the unaudited consolidated management accounts of the Group for the period ended 30 September 2024 and other information currently available to the Board, the Group would record consolidated loss attributable to the Shareholders for the Current Year in the range of between HKD 1 million and HKD 2 million while there was consolidated loss attributable to the Shareholders of approximately HKD 55.7 million for the period ended 30 September 2023. Such reduction in consolidated loss attributable to the Shareholders in the Current Period was mainly due to the decrease in interest expenses of HKD 48.7 million as compared to the Last Reporting Period. Announcement • Nov 14
Crown International Corporation Limited to Report First Half, 2025 Results on Nov 29, 2024 Crown International Corporation Limited announced that they will report first half, 2025 results on Nov 29, 2024 Announcement • Sep 05
Crown International Corporation Limited, Annual General Meeting, Sep 27, 2024 Crown International Corporation Limited, Annual General Meeting, Sep 27, 2024, at 10:00 China Standard Time. Location: m1, 6/f., everbright centre, 108 gloucester road, wan chai., Hong Kong Board Change • Sep 05
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Executive Director Yuk Charm Chan is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Aug 22
Crown International Corporation Limited Announces Resignation of Xiao Ganghua as Independent Non-Executive Director and Member of Audit Committee and the Remuneration, Quality and Nomination Committee The board of directors of Crown International Corporation Limited announced that Mr. Xiao Ganghua tendered his resignation to the Board on 22 August 2024 to resign from the position of independent non-executive Director in order to dedicate more time to pursue his other personal endeavours and work commitments. After the resignation of Mr. Xiao, Mr. Xaio ceased to be a member of each of the audit committee and the remuneration, quality and nomination committee of the Company. Board Change • Aug 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Executive Director Yuk Charm Chan is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jul 09
Crown International Corporation Limited Announces Board and Committee Crown International Corporation Limited announced that Ms Liu Ting has resigned as an independent non-executive Director, the chairman of the remuneration, quality and nomination committee and a member of the audit committee of the Company with effect from 9 July 2024 in order to devote more time to her other personal commitments. Ms Lo Lai Lai Samantha has been appointed as an independent non-executive Director with effect from 9 July 2024 to fill the casual vacancy following the resignation of Ms Liu. Ms Lo, aged 44, obtained a Bachelor of Business Administration degree from Lingnan University in 2002 and is a certified public accountant of the Hong Kong Institute of Certified Public Accountants. Ms. Lo has extensive experience in financial management, accounting and corporate finance and has accumulated over 20 years of expertise across various industries including trading, manufacturing and property development. Ms Lo is particularly skilled in financial analysis and planning, leveraging her deep understanding of the financial landscapes in these diverse sectors. Ms Liu has ceased to be the chairman of the RQN Committee and a member of the Audit Committee with effect from 9 July 2024. Ms Lo has been appointed as the chairman of the RQN Committee and a member of the Audit Committee with effect from 9 July 2024. Announcement • Jun 18
Crown International Corporation Limited to Report Fiscal Year 2024 Results on Jun 27, 2024 Crown International Corporation Limited announced that they will report fiscal year 2024 results on Jun 27, 2024 Announcement • Jun 05
Crown International Corporation Limited, Annual General Meeting, Jun 28, 2024 Crown International Corporation Limited, Annual General Meeting, Jun 28, 2024, at 10:00 China Standard Time. Location: m1, 6/f., everbright centre, 108 gloucester road, wan chai Hong Kong Board Change • May 10
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Executive Director Yuk Charm Chan is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 13
Crown International Corporation Limited to Report First Half, 2024 Results on Apr 22, 2024 Crown International Corporation Limited announced that they will report first half, 2024 results on Apr 22, 2024 Announcement • Apr 12
Crown International Corporation Limited to Report Fiscal Year 2024 Final Results on Apr 22, 2024 Crown International Corporation Limited announced that they will report fiscal year 2024 final results on Apr 22, 2024 Announcement • Nov 11
Crown International Corporation Limited Announces Board and Committee Changes The board of directors of Crown International Corporation Limited hereby announced that:- Mr. Meng Jing Long (‘Mr. Meng’) has tendered his resignation as an executive Director, the chairman of the Board, the chairman of the executive committee of the Board and will cease to act as an authorised representative (the ‘Authorised Representative’) under Rule 3.05 of the Rules (the ‘Listing Rules’) Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ‘Stock Exchange’) with effect from 10 November 2023 due to his other personal commitments which require more time on his dedication; Mr. Wei Zhenming (‘Mr. Wei’) has been appointed as an executive Director, the chairman of the Board, the chairman of the executive committee of the Board and will act as an Authorised Representative with effect from 10 November 2023. Mr. Wei, aged 60, has over 40 years of business experience in Mainland China. Mr. Wei has acted as the President of Beijing Sheyangtang Health Management Co. Ltd. which has been operating a comprehensive healthcare business since 2020. Announcement • Aug 01
Crown International Corporation Limited Announces Directorate Changes, Effective August 01, 2023 The board of directors of Crown International Corporation Limited announced that with effect from 1 August 2023, Dr. Cheung Ka Yue will resign as independent non-executive Director, the chairman of the audit committee of the Company and a member of the remuneration, quality and nomination committee of the Company as he would like to devote his time to his other engagements. The Board announced that with effect from 1 August 2023, Mr. Ng Ki Man has been appointed as an independent non-executive Director, the chairman of the Audit Committee and a member of the RQN Committee. Mr. Ng, aged 37, obtained a Bachelor of Business Administration (Honours) degree in Information Systems from the City University of Hong Kong in November 2008 and a Postgraduate Certificate in Professional Accounting in July 2009. Mr. Ng is a member ofthe Hong Kong Institute of Certified Public Accountants and an associate member of The Institute of Chartered Accountants in England and Wales. Mr. Ng has more than 10 years of experience in auditing and accounting. Mr. Ng was an independent non-executive director of Goal Forward Holdings Limited (now known as China Wantian Holdings Limited) (stock code: 1854) and Basetrophy Group Holdings Limited (stock code: 8460) from September 2016 to September 2022 and from June 2017 to June 2023 respectively. New Risk • Jun 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. 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 Less than 1 year of cash runway based on free cash flow trend (-HK$20m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 91% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Market cap is less than US$100m (HK$197.8m market cap, or US$25.3m). Announcement • Jun 20
Crown International Corporation Limited to Report Fiscal Year 2023 Final Results on Jun 30, 2023 Crown International Corporation Limited announced that they will report fiscal year 2023 final results on Jun 30, 2023 Announcement • Jun 09
Crown International Corporation Announces Appointment of Xu Yuling as Chief Financial Officer The board of directors (Board) of Crown International Corporation Limited (Company) announced that, the Board has considered and approved the resolutions regarding the appointment of Ms. Xu Yuling ("Ms. Xu") as the chief financial officer of the Company with effect from 8 June 2023. Ms. Xu, aged 37, graduated from Guangdong University of Finance & Economics with a bachelor's degree in English (International Business Translation) in June 2009. She graduated from University of Leicester with an Master degree of Science in Management in January 2011. Ms. Xu has been the general manager of Shenzhen Yu Letter Fund Management Co., Limited since November 2016 and the senior vice president of Bona Chanceton Financial Investment Company Limited since March 2021. Board Change • May 03
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Executive Director Jin Long Meng is the most experienced director on the board, commencing their role in 2014. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 05
Crown International Corporation Limited Announces Change of Company Secretary The board of directors of the Crown International Corporation Limited announced that Mr. Ng Chun Chung resigned as the company secretary of the Company with effect from 4 January 2023 in order to devote more time to his personal endeavours. The Board announced that Mr. Lee Chi Shing Caesar has been appointed as the company secretary of the Company with effect from 4 January 2023. Mr. Lee Chi Shing Caesar, aged 59, is a fellow member of both the Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants. In addition, he is a member of the Society of Registered Financial Planners. Mr. Lee Chi Shing Caesar obtained a Professional Diploma in Accountancy from the Hong Kong Polytechnic University in 1985 and a Bachelor of Arts in Business Studies from the City University of Hong Kong in 1994. He later obtained a Master degree in International Accountancy from the City University of Hong Kong in 2001. Announcement • Dec 17
Crown International Corporation Limited Announces Board Changes The board of Crown International Corporation Limited announced that, with effect from 15 December 2022, Dr. Cheung Ka Yue (Dr. Cheung) has been appointed as Independent Non-Executive Director (INED). Dr. Cheung, aged 50, obtained a degree of Bachelor of Arts in Accounting from Edinburgh Napier University (formerly known as Napier University) in the United Kingdom in November 1999, a degree of Master of Laws in International Corporate and Financial Law from University of Wolverhampton in the United Kingdom in November 2014, a degree of Master of Science in Professional Accountancy from University of London in the United Kingdom in December 2018 and a degree of Doctor of Business Administration from William Howard Taft University in the United States of America in September 2020. Dr. Cheung is a practicing accountant in Hong Kong. Dr. Cheung is active in public and community service. He is a committee member of Sha Tin District National Education Committee, an adviser of Scout Association of Hong Kong New Territories East Region. Dr. Cheung has over 20 years of experience in strategic investment, business administration and commercial developments. Dr. Cheung has profound knowledge and extensive experience in the regulatory, corporate finance, compliance and corporate governance fields. Dr. Cheung is currently an independent non-executive director of Success Dragon International Holdings Limited since 19 October 2022 and IAG Holdings Limited since 30 June 2022, and he has been (i) an independent non-executive director from 9 November 2021 to 30 November 2021; (ii) a non-executive director from 30 November 2021 to 26 April 2022; and (iii) an executive director since 26 April 2022 of Mayer Holdings Limited. With effect from 15 December 2022, Dr. Cheung has been appointed as the Chairman of the Audit Committee and a member of Remuneration, Quality and Nomination Committee. As at 15 December 2022, the Board comprises one executive Director, namely Mr. MENG Jin Long; and three independent non-executive Directors, namely Mr. REN Guo Hua, Mr. CHEN Fang and Dr. CHEUNG Ka Yue. Reported Earnings • Dec 01
First half 2023 earnings released: HK$0.11 loss per share (vs HK$0.006 loss in 1H 2022) First half 2023 results: HK$0.11 loss per share (further deteriorated from HK$0.006 loss in 1H 2022). Revenue: HK$421.2m (up HK$419.1m from 1H 2022). Net loss: HK$403.3m (loss widened HK$382.3m from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Announcement • Nov 29
Crown International Corporation Limited Provides Earning Guidance for the Six Months Ended 30 September 2022 Crown International Corporation Limited provided earning guidance for the six months ended 30 September 2022. The board of directors of the Company informed the shareholders of the Company (the "Shareholders") and potential investors that based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 September 2022 ("the Current Period") and other information currently available to the Board, it is expected that the Group would record consolidated loss attributable to the Shareholders for the Current period of approximately HKD 400 million while there was consolidated loss attributable to the Shareholders of HKD 20.9 million for the six months ended 30 September 2021 ("the Last Period") (the "Profit Warning"). Such consolidated loss attributable to the Shareholders in the Current Period was mainly due to (a) the property valuation of loss of HKD 464 million and (b) the loss on disposal of property of HKD 288 million. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Guo Hua Ren was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 09
Crown International Corporation Limited to Report First Half, 2023 Results on Nov 30, 2022 Crown International Corporation Limited announced that they will report first half, 2023 results on Nov 30, 2022 Announcement • Oct 04
Crown International Corporation Limited Announces Board Changes Crown International Corporation Limited announced that at the 2022 AGM held on 30 September 2022, all the resolution numbered 2 regarding the re-election of Mr. LI Yong Jun ("Mr. LI") as an executive Director was not passed at the 2022 AGM, Mr. LI retired as an executive Director at the conclusion of the 2022 AGM. Following his retirement, Mr. LI ceased to be the vice chairman of the Board and a member of the executive committee of the Company. As resolution numbered 3 regarding the re-election Mr. LUI Ha Nam Dennis ("Mr. LUI") as an executive Director was not passed at the 2022 AGM, Mr. LUI retired as an executive Director at the conclusion of the 2022 AGM. Following his retirement, Mr. LUI ceased to be the chairman of the Board. The Board announces that Mr. LEE Chi Shing, Caesar ("Mr. LEE") has resigned as the Executive Director with effect from 1 October 2022 in order to pursue other business and personal commitments. The board announces that Mr. IP Ka Ki ("Mr. IP") has resigned as an independent non-executive Director with effect from 1 October 2022 in order to pursue other business and personal commitments. Mr. LI retired as executive Director, he ceased to be the member of executive committee; Mr. LUI retired as executive Director, he ceased to be the chairman of the executive committee and a member of RQN Committee; Mr. LEE resigned as executive Director, he ceased to be the member of executive committee; and Mr. IP resigned as independent non-executive Director, he ceased to be the chairman of the Audit Committee and a member of RQN Committee. The composition of each of the Board committees immediately after the above mentioned changes with effect from 1 October 2022 are therefore as follows: Audit Committee; Mr. CHEN Fang; Mr. REN Guo Hua. Executive Committee; Mr. MENG Jin Long; Remuneration, Quality and Nomination Committee; Mr. REN Guo Hua (Chairman) Mr. CHEN Fang. Announcement • Sep 01
Crown International Corporation Limited, Annual General Meeting, Sep 30, 2022 Crown International Corporation Limited, Annual General Meeting, Sep 30, 2022, at 10:00 China Standard Time. Location: 10/F., Everbright Centre 108 Gloucester Road Wanchai Hong Kong Agenda: To consider and approve the audited consolidated financial statements of the Company and its subsidiaries, and the reports of the Directors of the Company and auditors of the Company for the year ended 31 March 2022; to consider and approve the re-appoint BDO Limited as auditors of the Company and to authorize the Board to fix their remuneration; and to consider other matters. Announcement • Aug 24
Crown International Corporation Limited Announces Board Changes The board of Crown International Corporation Limited announces that, with effect from 23 August 2022, Mr. Lee Chi Shing Caesar has been appointed as Executive Director. Mr. Lee, aged 59, obtained a Professional Diploma in Accountancy from the Hong Kong Polytechnic University in 1985 and a Bachelor of Arts in Business Studies from the City University of Hong Kong in 1994. He had worked in the Inland Revenue Department for over 15 years after his graduation. In 2000, he joined Ernst and Young, an international accounting firm, as a senior manager. He later obtained a Master degree in International Accountancy from the City University of Hong Kong in 2001. He was the executive director of Newtree Group Holdings Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") from 4 October 2011 to 31 January 2020. Mr. Lee has been the executive director of Superactive Group Company Limited, a company listed on the Main Board of the Stock Exchange since 25 January 2017. He is experienced in corporate management and internal control. He is a fellow member of both the Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants. In addition, he is a member of the Society of Registered Financial Planners. The board announces that, with effect from 23 August 2022, Mr. Ip Ka Ki has been appointed as Independent non-Executive Director. Mr. Ip, aged 42, obtained his Bachelor of Business Administration in Accountancy degree from Lingnan University in November 2003. He has been Member of The Association of Chartered Certified Accountant since 2007 and Associate of The Hong Kong Chartered Governance Institute (formerly The Hong Kong Institute of Chartered Secretaries) since 2015. He has been the assistant financial controller and the company secretary of Imperium Technology Group Limited since 2011 and April 2017, respectively. From 2006 to 2011, he worked for Shinewing (HK) CPA Limited, an accountancy company, with his last position as assistant manager and was responsible for providing audit works for listed companies. From 30 November 2017, he was appointed as an independent non-executive Director of Vicon Holding Limited . Mr. Lee has been appointed as the member of the Executive Committee; and Mr. Ip has been appointed as the Chairman of the Audit Committee and a member of Remuneration, Quality and Nomination Committee. The composition of each of the Board committees after the changes with effect from 23 August 2022: Audit Committee: Mr. Ip Ka Ki (Chairman), Mr. Chen Fang and Mr. Ren Guo Hua. Executive Committee: Mr. Lui Ha Nam Dennis (Chairman), Mr. Li Yong Jun, Mr. Meng Jin Long and Mr. Lee Chi Shing Caesar. Remuneration, Quality and Nomination Committee: Mr. Ren Guo Hua (Chairman), Mr. Lui Ha Nam Dennis, Mr. Chen Fang and Mr. Ip Ka Ki. Announcement • Jul 27
Crown International Corporation Limited Announces Executive Changes Crown International Corporation Limited announced that Mr. Chan Kwok Wai, Tony has resigned as the Independent non-executive Director of the Company with effect from 26 July 2022 in order to pursue other business and personal commitments. Mr. Chan has confirmed that he has no disagreement with the Board and there are no other matters that need to be brought to the attention of the shareholders of the Company in relation to his resignation. The Board would like to take this opportunity to express its gratitude and appreciation to Mr. Chan for his valuable contribution to the Company during his tenure of office. Since Mr. Chan resigned as an independent non-executive Director, he ceased to be the Chairman of the Audit Committee with effect from 26 July 2022. The composition of each of the Board committees immediately after the above mentioned changes with effect from 26 July 2022 are therefore as follows: Audit Committee: Mr. Chen Fang and Mr. Ren Guo Hua Executive Committee Mr. Lui Ha Nam Dennis (Chairman) Mr. Li Yong Jun Mr. Meng Jin Long Remuneration, Quality and Nomination Committee Mr. Ren Guo Hua (Chairman) Mr. Lui Ha Nam Dennis Mr. Chen Fang. Board Change • Jul 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Guo Hua Ren was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 03
Full year 2022 earnings released: HK$0.21 loss per share (vs HK$0.031 loss in FY 2021) Full year 2022 results: HK$0.21 loss per share (down from HK$0.031 loss in FY 2021). Net loss: HK$733.7m (loss widened HK$628.4m from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Announcement • Jun 28
Crown International Corporation Limited Provides Unaudited Consolidated Guidance for the Year Ended 31 March 2022 Crown International Corporation Limited provided unaudited consolidated guidance for the year ended 31 March 2022. For the period, the company would record consolidated loss attributable to the Shareholders for the Current Year in the range of between HKD 700 million and HKD 800 million while there was consolidated loss attributable to the Shareholders of approximately HKD 106 million for the year ended 31 March 2021. Announcement • Jun 11
Crown International Corporation Limited to Report Fiscal Year 2022 Final Results on Jun 28, 2022 Crown International Corporation Limited announced that they will report fiscal year 2022 final results on Jun 28, 2022 Announcement • Apr 01
Crown International Corporation Limited Announces Board and Committee Changes The board of directors of Crown International Corporation Limited announced that Mr. Wong Siu Hung, Patrick ("Mr. Wong"), Mr. Billy B Ray Tam ("Mr. Tam") and Mr. Tsang Hin Fun Anthony ("Mr. Tsang") have resigned as the independent non-executive Director with effect from 31 March 2022. Mr. Wong, Mr. Tam and Mr. Tsang have confirmed that their resignation was due to different opinions on the communication with Company. The board announced that, with effect from 31 March 2022, Mr. Chan Kwok Wai Tony ("Mr. Chan") has been appointed as independent non-executive Director. Mr. Chan has been a member of the Hong Kong Institute of Certified Public Accountants since 2001. He is now employed by Tung Shing Stationery Holdings Limited as an accounting manager since 2021. Since Mr. Wong resigned as an independent non-executive Director, he ceased to be the member of each of the Audit Committee and Remuneration, Quality and Nomination Committee; Mr. Chan has been appointed as the Chairman of the Audit Committee and a member of Remuneration, Quality and Nomination Committee; and Mr. Chen Fang ceased to be Chairman of the Audit Committee and re-designated to member of Audit Committee. The composition of each of the Board committees immediately after the abovementioned changes with effect from 31 March 2022 are therefore as follows: Audit Committee: Mr. Chan Kwok Wai Tony (Chairman), Mr. Chen Fang, Mr. Ren Guo Hua; Executive Committee: Ms. Hung Man (Chairman), Mr. Li Yong Jun, Mr. Meng Jin Long; Remuneration, Quality and Nomination Committee: Mr. Ren Guo Hua (Chairman), Ms. Hung Man, Mr. Chen Fang. Reported Earnings • Dec 03
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: HK$0.006 loss per share (down from HK$0.001 profit in 1H 2021). Net loss: HK$20.9m (down HK$23.8m from profit in 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Announcement • Nov 27
Crown International Corporation Limited Provides Preliminary Consolidated Earnings Guidance for the Six Months Ended 30 September 2021 Crown International Corporation Limited provided consolidated earnings guidance for the six months ended 30 September 2021. The board of directors of the company would like to inform the shareholders of the Company (the "Shareholders") and potential investors that based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 September 2021 ("the Current Period") and other information currently available to the Board, it is expected that the Group would record consolidated loss attributable to the Shareholders for the Current period of approximately HKD 20 million while there was consolidated profit attributable to the Shareholders of HKD 1.7 million for the six months ended 30 September 2020 ("the Last Period") (the "Profit Warning"). Such consolidated loss attributable to the Shareholders in the Current Period was mainly due to (a) the decrease in the rental income of the Zhongshan property as compared with the Last Period by approximately HKD 6.5 million and (b) the increase of share option expenses by HKD 6 million in Current Period. Executive Departure • Oct 07
Independent Non-Executive Director Dingding He has left the company On the 30th of September, Dingding He'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 Dingding's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.00 years. Executive Departure • Oct 07
Non-Executive Chairman Yu Sun has left the company On the 30th of September, Yu Sun's tenure as Non-Executive Chairman ended after less than a year in the role. We don't have any record of a personal shareholding under Yu's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.00 years. Executive Departure • Oct 07
Executive Vice Chairman Hong Shen Liu has left the company On the 30th of September, Hong Shen Liu's tenure as Executive Vice Chairman ended after 5.9 years in the role. We don't have any record of a personal shareholding under Hong Shen's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.00 years. Reported Earnings • Jul 03
Full year 2021 earnings released: HK$0.031 loss per share (vs HK$0.003 profit in FY 2020) Full year 2021 results: Net loss: HK$105.2m (down HK$114.6m from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Announcement • Jun 23
Crown International Corporation Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended March 31, 2021 Crown International Corporation Limited provided unaudited consolidated earnings guidance for the year ended March 31, 2021. For the period, the Group would record consolidated loss attributable to the Shareholders for the Current Year in the range of between HKD 100 million and HKD 125 million while there was consolidated profit attributable to the Shareholders of HKD 9 million for the year ended 31 March 2020. Such consolidated loss attributable to the Shareholders in the Current Year was mainly due to the PRC property market continued to be adversely affected by the COVID-19 pandemic, it is expected that there are fair value losses on investment properties in the range of between HKD 70 million and HKD 80 million for the Current Year as compared with fair value gains on investment properties of HKD 41 million for the Last Year. Executive Departure • Jun 16
Company Secretary Chi Shing Lee has left the company On the 10th of June, Chi Shing Lee's tenure as Company Secretary ended after 2.2 years in the role. We don't have any record of a personal shareholding under Chi Shing's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 4.33 years. Executive Departure • May 07
Independent Non-Executive Director has left the company On the 30th of April, Tao Long's tenure as Independent Non-Executive Director ended after 6.9 years in the role. We don't have any record of a personal shareholding under Tao's name. Tao is the only executive to leave the company over the last 12 months. Announcement • Mar 17
Crown International Corporation Limited Announces Board Changes The board of directors of Crown International Corporation Limited (the ‘Company’, together with its subsidiaries, the ‘Group’) announced that Mr. Sun Yu (‘Mr. Sun’) has been appointed as a non-executive Director and chairman of the Board with effect from 16 March 2021. Mr. Sun, holds a master degree of finance and doctoral degree of economics from the University of New South Wales. Mr. Sun has more than 25 years working experiences in investment and banking in several international financial institutions. He is familiar with international financial business and international economic diplomacy. He is currently a vice-president of the Asia Development & Investment Bank Limited and executive director of ADIB Holding Limited. Following the appointment of Mr. Sun, Ms. Hung Man (‘Ms. Hung’) has ceased to be the chairman of the Board and she will remain as an executive Director, the chairman of the executive committee of the Company, a member of the remuneration, quality and nomination committee of the Company and the chief executive office of the Company. As the roles of the chairman of the Board and the chief executive officer of the Company are now assumed by Mr. Sun and Ms. Hung separately, the Company has re-complied with Code Provision A.2.1 of the Corporate Governance Code as set out in Appendix 14 of the Listing Rules. Announcement • Mar 04
Crown International Corporation Limited Appoints Wong Siu Hung, Patrick as an Independent Non-Executive Director, a Member of Each of the Audit Committee and Remuneration, Quality and Nomination Committee The board of directors of Crown International Corporation Limited announced that Mr. Wong Siu Hung, Patrick (Mr. Wong) has been appointed as an independent non-executive Director, a member of each of the audit committee and remuneration, quality and nomination committee of the Company with effect from 3 March 2021. Mr. Wong has over 40 years of working experience in banking, finance, commodity trading and project development. He is currently an executive director and chief operating officer and authorised representative of Daisho Microline Holdings Limited and a non-executive director and authorised representative of Huscoke Holdings Limited ("Huscoke"). He was an executive director of Huscoke between November 2016 and April 2018 and was re-designated as a non-executive director of Huscoke in April 2018. Is New 90 Day High Low • Feb 20
New 90-day high: HK$0.33 The company is up 12% from its price of HK$0.29 on 20 November 2020. The Hong Kong market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 1.0% over the same period. Reported Earnings • Nov 29
First half 2021 earnings released: EPS HK$0.001 The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: HK$10.4m (up 295% from 1H 2020). Net income: HK$2.92m (up 27% from 1H 2020). Profit margin: 28% (down from 88% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 125% per year but the company’s share price has only fallen by 40% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 24
New 90-day low: HK$0.28 The company is down 8.0% from its price of HK$0.30 on 26 August 2020. The Hong Kong market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 3.0% over the same period. Announcement • Nov 13
Crown International Corporation Limited to Report First Half, 2021 Results on Nov 26, 2020 Crown International Corporation Limited announced that they will report first half, 2021 results on Nov 26, 2020 Announcement • Oct 15
Crown International Corporation Limited announced that it expects to receive CNY 200 million in funding Crown International Corporation Limited (SEHK:727) announced a private placement of convertible bonds for gross proceeds of CNY 200,000,000 on October 13, 2020. Is New 90 Day High Low • Oct 13
New 90-day low: HK$0.28 The company is down 7.0% from its price of HK$0.30 on 15 July 2020. The Hong Kong market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 3.0% over the same period. 
