New Risk • Jun 23
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 18% 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 (18% average weekly change). Shareholders have been substantially diluted in the past year (116% increase in shares outstanding). Market cap is less than US$10m (HK$64.7m market cap, or US$8.26m). Announcement • Apr 16
Pacific Legend Group Limited has completed a Follow-on Equity Offering in the amount of HKD 14.641382 million. Pacific Legend Group Limited has completed a Follow-on Equity Offering in the amount of HKD 14.641382 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 146,413,816
Price\Range: HKD 0.1
Transaction Features: Rights Offering New Risk • Mar 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -HK$52m 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 (-HK$52m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Shareholders have been substantially diluted in the past year (116% increase in shares outstanding). Market cap is less than US$10m (HK$43.2m market cap, or US$5.52m). Minor Risk Significant insider selling over the past 3 months (HK$3.2m sold). Reported Earnings • Mar 01
First half 2026 earnings released: HK$0.058 loss per share (vs HK$0.032 profit in 1H 2025) First half 2026 results: HK$0.058 loss per share (down from HK$0.032 profit in 1H 2025). Revenue: HK$54.2m (down 68% from 1H 2025). Net loss: HK$25.3m (down 405% from profit in 1H 2025). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Announcement • Feb 11
Pacific Legend Group Limited to Report Second Half, 2025 Results on Feb 26, 2026 Pacific Legend Group Limited announced that they will report second half, 2025 results on Feb 26, 2026 Announcement • Jan 28
Pacific Legend Group Limited has filed a Follow-on Equity Offering in the amount of HKD 29.557975 million. Pacific Legend Group Limited has filed a Follow-on Equity Offering in the amount of HKD 29.557975 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 295,579,750
Price\Range: HKD 0.1
Discount Per Security: HKD 0.005
Transaction Features: Rights Offering Recent Insider Transactions • Jan 10
Executive Chairperson of the Board recently sold HK$220k worth of stock On the 6th of January, Wing Man Wong sold around 4m shares on-market at roughly HK$0.05 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth HK$3.8m. Despite the recent sale, Wing Man has been a net buyer over the last 12 months, purchasing a net total of HK$2.6m worth of shares. Announcement • Dec 11
Pacific Legend Group Limited has filed a Follow-on Equity Offering in the amount of HKD 11.626292 million. Pacific Legend Group Limited has filed a Follow-on Equity Offering in the amount of HKD 11.626292 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 98,527,900
Price\Range: HKD 0.118
Discount Per Security: HKD 0.00236
Transaction Features: Subsequent Direct Listing Announcement • Nov 26
Pacific Legend Group Limited has completed a Follow-on Equity Offering in the amount of HKD 11.05 million. Pacific Legend Group Limited has completed a Follow-on Equity Offering in the amount of HKD 11.05 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 65,000,000
Price\Range: HKD 0.17
Transaction Features: Subsequent Direct Listing Announcement • Nov 25
Pacific Legend Group Limited has completed a Follow-on Equity Offering in the amount of HKD 2.907 million. Pacific Legend Group Limited has completed a Follow-on Equity Offering in the amount of HKD 2.907 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,100,000
Price\Range: HKD 0.17
Transaction Features: Subsequent Direct Listing New Risk • Nov 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$74.7m (US$9.60m) 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 Share price has been highly volatile over the past 3 months (21% average weekly change). Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Market cap is less than US$10m (HK$74.7m market cap, or US$9.60m). Minor Risk Significant insider selling over the past 3 months (HK$5.4m sold). Announcement • Nov 19
Pacific Legend Group Limited has filed a Follow-on Equity Offering in the amount of HKD 2.907 million. Pacific Legend Group Limited has filed a Follow-on Equity Offering in the amount of HKD 2.907 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,100,000
Price\Range: HKD 0.17
Transaction Features: Subsequent Direct Listing Announcement • Nov 15
Pacific Legend Group Limited has filed a Follow-on Equity Offering in the amount of HKD 11.05 million. Pacific Legend Group Limited has filed a Follow-on Equity Offering in the amount of HKD 11.05 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 65,000,000
Price\Range: HKD 0.17
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Nov 08
Executive Chairperson of the Board recently sold HK$3.8m worth of stock On the 3rd of November, Wing Man Wong sold around 16m shares on-market at roughly HK$0.24 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Wing Man has been a net buyer over the last 12 months, purchasing a net total of HK$5.9m worth of shares. Reported Earnings • Oct 30
Full year 2025 earnings released: HK$0.014 loss per share (vs HK$0.16 loss in FY 2024) Full year 2025 results: HK$0.014 loss per share (improved from HK$0.16 loss in FY 2024). Revenue: HK$255.7m (down 6.7% from FY 2024). Net loss: HK$3.71m (loss narrowed 89% from FY 2024). 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 33% per year, which means it is significantly lagging earnings. New Risk • Oct 22
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$5.2m 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 (38% average weekly change). Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks Significant insider selling over the past 3 months (HK$5.2m sold). Market cap is less than US$100m (HK$104.7m market cap, or US$13.5m). Announcement • Oct 17
Pacific Legend Group Limited has withdrawn its Follow-on Equity Offering in the amount of HKD 17.078443 million. Pacific Legend Group Limited has withdrawn its Follow-on Equity Offering in the amount of HKD 17.078443 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 82,107,900
Price\Range: HKD 0.208
Discount Per Security: HKD 0.00156
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Oct 05
Executive Chairperson of the Board recently bought HK$3.7m worth of stock On the 2nd of October, Wing Man Wong bought around 15m shares on-market at roughly HK$0.25 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Wing Man has been a buyer over the last 12 months, purchasing a net total of HK$11m worth in shares. Reported Earnings • Sep 29
Full year 2025 earnings released: HK$0.014 loss per share (vs HK$0.16 loss in FY 2024) Full year 2025 results: HK$0.014 loss per share (improved from HK$0.16 loss in FY 2024). Revenue: HK$255.7m (down 6.7% from FY 2024). Net loss: HK$3.71m (loss narrowed 89% from FY 2024). 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 37% per year, which means it is significantly lagging earnings. Announcement • Sep 26
Pacific Legend Group Limited has filed a Follow-on Equity Offering in the amount of HKD 17.078443 million. Pacific Legend Group Limited has filed a Follow-on Equity Offering in the amount of HKD 17.078443 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 82,107,900
Price\Range: HKD 0.208
Discount Per Security: HKD 0.00156
Transaction Features: Subsequent Direct Listing Announcement • Sep 19
Pacific Legend Group Limited has withdrawn its Follow-on Equity Offering in the amount of HKD 38.426497 million. Pacific Legend Group Limited has withdrawn its Follow-on Equity Offering in the amount of HKD 38.426497 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 82,107,900
Price\Range: HKD 0.468
Discount Per Security: HKD 0.00468
Transaction Features: Subsequent Direct Listing Announcement • Sep 15
Pacific Legend Group Limited to Report First Half, 2025 Results on Sep 25, 2025 Pacific Legend Group Limited announced that they will report first half, 2025 results on Sep 25, 2025 New Risk • Sep 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 (37% average weekly change). High level of non-cash earnings (43% accrual ratio). Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (HK$145.7m market cap, or US$18.7m). Announcement • Aug 30
Pacific Legend Group Limited has filed a Follow-on Equity Offering in the amount of HKD 38.426497 million. Pacific Legend Group Limited has filed a Follow-on Equity Offering in the amount of HKD 38.426497 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 82,107,900
Price\Range: HKD 0.468
Discount Per Security: HKD 0.00468
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Jul 25
Chairperson of the Board recently bought HK$2.2m worth of stock On the 22nd of July, Wing Man Wong bought around 15m shares on-market at roughly HK$0.14 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Wing Man has been a buyer over the last 12 months, purchasing a net total of HK$3.8m worth in shares. New Risk • May 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 80% 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 (16% average weekly change). High level of non-cash earnings (43% accrual ratio). Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Market cap is less than US$10m (HK$51.7m market cap, or US$6.63m). New Risk • Apr 17
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 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (43% accrual ratio). Market cap is less than US$10m (HK$40.5m market cap, or US$5.22m). Minor Risks Share price has been volatile over the past 3 months (13% 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$837k sold). Announcement • Mar 20
Pacific Legend Group Limited has filed a Follow-on Equity Offering in the amount of HKD 13.6848 million. Pacific Legend Group Limited has filed a Follow-on Equity Offering in the amount of HKD 13.6848 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 136,848,000
Price\Range: HKD 0.1
Transaction Features: Rights Offering Reported Earnings • Feb 28
Full year 2024 earnings released: EPS: HK$0.04 (vs HK$0.20 loss in FY 2023) Full year 2024 results: EPS: HK$0.04 (up from HK$0.20 loss in FY 2023). Revenue: HK$327.1m (up 31% from FY 2023). Net income: HK$9.41m (up HK$42.9m from FY 2023). Profit margin: 2.9% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. New Risk • Feb 19
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$837k 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 Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (HK$27.6m market cap, or US$3.55m). Minor Risks Shareholders have been diluted in the past year (29% increase in shares outstanding). Significant insider selling over the past 3 months (HK$837k sold). Announcement • Feb 10
Pacific Legend Group Limited to Report Second Half, 2024 Results on Feb 26, 2025 Pacific Legend Group Limited announced that they will report second half, 2024 results on Feb 26, 2025 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: 44% 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 Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Market cap is less than US$10m (HK$28.5m market cap, or US$3.65m). Announcement • Nov 20
Pacific Legend Group Limited Announces Executive Changes The board of directors of Pacific Legend Group Limited announced that with effect from 20 November 2024, Ms. Lam Wai has resigned as the company secretary of the Company. Following the resignation of Ms. Lam, Mr. Wong Sui Chi, an executive Director, has been appointed as the Company Secretary of the Company with effect from 20 November 2024. Recent Insider Transactions • Sep 10
Chairperson of the Board recently bought HK$513k worth of stock On the 6th of September, Wing Man Wong bought around 3m shares on-market at roughly HK$0.16 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Wing Man has been a buyer over the last 12 months, purchasing a net total of HK$1.7m worth in shares. Reported Earnings • Aug 29
First half 2024 earnings released: EPS: HK$0.005 (vs HK$0.003 loss in 1H 2023) First half 2024 results: EPS: HK$0.005 (up from HK$0.003 loss in 1H 2023). Revenue: HK$159.3m (up 17% from 1H 2023). Net income: HK$1.08m (up HK$1.15m from 1H 2023). Profit margin: 0.7% (up from net loss in 1H 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Announcement • Aug 16
Pacific Legend Group Limited to Report First Half, 2024 Results on Aug 28, 2024 Pacific Legend Group Limited announced that they will report first half, 2024 results on Aug 28, 2024 Recent Insider Transactions • Jul 06
Executive Director recently bought HK$230k worth of stock On the 2nd of July, Wing Man Wong bought around 2m shares on-market at roughly HK$0.13 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$3.2m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 08
Executive Director recently sold HK$303k worth of stock On the 3rd of June, Wing Man Wong sold around 1m shares on-market at roughly HK$0.20 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought HK$5.4m more than they sold in the last 12 months. Announcement • Jun 06
Pacific Legend Group Limited, Annual General Meeting, Jun 28, 2024 Pacific Legend Group Limited, Annual General Meeting, Jun 28, 2024, at 10:00 China Standard Time. Location: units 1202-04, level 12, cyberport 2, 100 cyberport road, Hong Kong Board Change • Jun 03
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Kin Sun Chan was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • May 23
Pacific Legend Group Limited to Report Fiscal Year 2023 Results on May 31, 2024 Pacific Legend Group Limited announced that they will report fiscal year 2023 results at 4:00 PM, China Standard Time on May 31, 2024 Reported Earnings • Mar 30
Full year 2023 earnings released: HK$0.20 loss per share (vs HK$0.35 loss in FY 2022) Full year 2023 results: HK$0.20 loss per share (improved from HK$0.35 loss in FY 2022). Revenue: HK$250.6m (up 23% from FY 2022). Net loss: HK$33.4m (loss narrowed 28% from FY 2022). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Announcement • Mar 21
Pacific Legend Group Limited has completed a Follow-on Equity Offering in the amount of HKD 3.25836 million. Pacific Legend Group Limited has completed a Follow-on Equity Offering in the amount of HKD 3.25836 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 15,516,000
Price\Range: HKD 0.21
Discount Per Security: HKD 0.005
Transaction Features: Subsequent Direct Listing Announcement • Mar 16
Pacific Legend Group Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 Pacific Legend Group Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Announcement • Feb 29
Pacific Legend Group Limited Announces Resignation of Wong Ka Man as Joint Company Secretary, Effective March 1,2024 Pacific Legend Group Limited announced that with effect from March 1, 2024, Mr. Wong Ka Man has resigned as joint company secretary of the Company; and one of the authorized representatives of the Company for the purpose of the Rules Governing the Listing of Securities on the GEM of The Stock Exchange of Hong Kong Limited due to he has getting other new assignments and left the Company with effect from 1 March 2024. Following the resignation of Mr. Wong, another Joint Company Secretary of the Company, Mr. Tse Chun Lai will remain in office and act as the sole company secretary of the Company. At the same time, Mr. Tse has been appointed as an Authorized Representative of the Company. As at the date of this announcement, the Board comprises Mr. John Warren McLennan, Ms. Shawlain Ahmin and Ms. Wong Wing Man as executive Directors; and Mr. So Alan Wai Shing, Mr. Lee Kwong Ming, Mr. Lee Fung Lun, Mr. Wong Sui Chi and Mr. Chan Kin Sun as independent non-executive Directors. New Risk • Feb 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 61% 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 (17% average weekly change). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Market cap is less than US$10m (HK$46.8m market cap, or US$5.98m). Minor Risk Significant insider selling over the past 3 months (HK$472k sold). Announcement • Feb 02
Pacific Legend Group Limited has completed a Follow-on Equity Offering in the amount of HKD 4.725 million. Pacific Legend Group Limited has completed a Follow-on Equity Offering in the amount of HKD 4.725 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 22,500,000
Price\Range: HKD 0.21
Discount Per Security: HKD 0.0042
Transaction Features: Subsequent Direct Listing Announcement • Jan 18
Pacific Legend Group Limited has filed a Follow-on Equity Offering in the amount of HKD 7.98336 million. Pacific Legend Group Limited has filed a Follow-on Equity Offering in the amount of HKD 7.98336 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 38,016,000
Price\Range: HKD 0.21
Discount Per Security: HKD 0.0042
Transaction Features: Subsequent Direct Listing Announcement • Dec 01
Pacific Legend Group Limited Announces Executive Appointments Pacific Legend Group Limited board of directors announced that Mr. Chan Kin Sun (Mr. Chan) has been appointed as independent non-executive Director of the Company with effect from 1 December 2023. Mr. Chan, aged 53, obtained his Master of Science in Manufacturing Systems Engineering from the University of Warwick, United Kingdom, in 2001. He was awarded the Executive Diploma in Six Sigma Black Belt in 2009. He has been working as the Honorary Advisor in Global Institute of Management since 2012 which is a non-profit making organizationpromoting academic and professional knowledge of management personnel and contributing to the tertiary education, research and professional training in Hong Kong and PRC. Mr. Chan has over 20 years of experience in manufacturing engineering, quality control, research and development and procurement in consumer electronics products sector. The Board announced that Mr. Tse Chun Lai (Mr. Tse) has been appointed as the joint company secretary of the Company with effect from 1 December 2023. After the aforesaid appointment, the existing company secretary of the Company, Mr. Wong Ka Man, will continue to act as the other joint company secretary. The biographical details of Mr. Tse are set out as follows: Mr. Tse, aged 40, obtained his Bachelor degree of Arts in Accounting and Finance from Leeds Beckett University (formerly known as Leeds Metropolitan University) in the United Kingdom. He is a certified public accountant of the Hong Kong Institute of Certified Public Accountants. Mr. Tse has over 17 years of experience in auditing, business and taxation advisory. He is currently the company secretary and an authorized representative of China CBM Group Company Limited, a company listed on GEM of the Stock Exchange. Reported Earnings • Nov 16
Third quarter 2023 earnings released: HK$0.047 loss per share (vs HK$0.033 loss in 3Q 2022) Third quarter 2023 results: HK$0.047 loss per share (further deteriorated from HK$0.033 loss in 3Q 2022). Revenue: HK$50.3m (down 17% from 3Q 2022). Net loss: HK$8.33m (loss widened 91% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Announcement • Oct 28
Pacific Legend Group Limited to Report Nine Months, 2023 Results on Nov 14, 2023 Pacific Legend Group Limited announced that they will report nine months, 2023 results on Nov 14, 2023 Announcement • Sep 20
Pacific Legend Group Limited Appoints Wong Sui Chi as Independent Non-Executive Director Pacific Legend Group Limited announced that with effect from 18 September 2023: Mr. WONG Sui Chi has been appointed as independent non-executive Director of the Company. The biographical details of Mr. Wong are set out as follows: Mr. Wong, aged 55, has over 20 years of extensive experience in finance and accounting, including but not limited to, financial management, corporate management and auditing. He has been serving in international accounting firms, manufacturing and retailing companies, listed property development company, securities and futures brokerage company. He is serving as an independent non-executive director of Wan Cheng Metal Packaging Company Limited (a company listed on the Stock Exchange (stock code: 8291)) since February 2017. He was serving as an independent non-executive director of BCI Group Holdings Limited (a company listed on the Stock Exchange (stock code: 8412)) from March 2017 to February 2021. Mr. Wong was an independent non-executive director of Net-A-Go Technology Company Limited (a company listed on the Stock Exchange (stock code: 1483)) from November 2013 to October 2016. He was also an independent non-executive director of Legend Strategy International Holdings Group Company Limited (a company listed on the Stock Exchange (stock code: 1355)) from December 2012 to July 2015. Mr. Wong received a Bachelor degree in accountancy from the City Polytechnic of Hong Kong (currently known as City University of Hong Kong) in November 1991, a master degree of science in financial management from the University of London in December 2003 and a certificate in taxation and accounting in PRC from The Hong Kong Polytechnic University China Business Centre in August 2004. Mr. Wong is a member of the Hong Kong Institute of Certified Public Accountants and a fellow member of the Institute of Chartered Accountants in England and Wales. Announcement • Sep 14
Pacific Legend Group Limited has completed a Follow-on Equity Offering in the amount of HKD 1.722 million. Pacific Legend Group Limited has completed a Follow-on Equity Offering in the amount of HKD 1.722 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 8,610,000
Price\Range: HKD 0.2
Discount Per Security: HKD 0.004
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Aug 25
Executive Director recently bought HK$432k worth of stock On the 22nd of August, Wing Man Wong bought around 2m shares on-market at roughly HK$0.22 per share. This transaction amounted to 6.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$2.4m. Insiders have collectively bought HK$11m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 13
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: HK$85.5m (up 96% from 2Q 2022). Net income: HK$4.92m (up HK$9.45m from 2Q 2022). Profit margin: 5.7% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. New Risk • Aug 09
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 16% 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 (16% average weekly change). Earnings have declined by 26% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (37% increase in shares outstanding). Announcement • Aug 03
Pacific Legend Group Limited to Report First Half, 2023 Results on Aug 11, 2023 Pacific Legend Group Limited announced that they will report first half, 2023 results on Aug 11, 2023 Announcement • Jul 28
Pacific Legend Group Limited has completed a Follow-on Equity Offering in the amount of HKD 17.9946 million. Pacific Legend Group Limited has completed a Follow-on Equity Offering in the amount of HKD 17.9946 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 230,700,000
Price\Range: HKD 0.078
Discount Per Security: HKD 0.00156
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Jul 13
Executive Director recently bought HK$2.0m worth of stock On the 11th of July, Wing Man Wong bought around 35m shares on-market at roughly HK$0.058 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$2.4m. Insiders have collectively bought HK$10m more in shares than they have sold in the last 12 months. New Risk • Jun 27
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 9.4% 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 26% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$88.7m market cap, or US$11.3m). Reported Earnings • May 15
First quarter 2023 earnings released: HK$0.003 loss per share (vs HK$0.007 loss in 1Q 2022) First quarter 2023 results: HK$0.003 loss per share (improved from HK$0.007 loss in 1Q 2022). Revenue: HK$50.4m (up 31% from 1Q 2022). Net loss: HK$4.99m (loss narrowed 44% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year. Announcement • May 13
Pacific Legend Group Limited Announces Board Changes Pacific Legend Group Limited at its AGM held on 12 MAY 2023, announced retirement of directors and change of composition of board committees as following: Mrs. McLennan has retired as a non-executive Director; Mr. Szutu and Mr. Mak have retired as independent non-executive Directors; and Mr. Wong has retired as an executive Director. Following the conclusion of the AGM, Mr. Szutu ceased to be (i) the chairperson of the Nomination Committee, (ii) a member of each of the Audit Committee and Remuneration Committee; and Mr. Mak ceased to be (i) the chairperson of the Remuneration Committee, (ii) a member of each of the Audit Committee and Nomination Committee. The Board also announced, following the conclusion of the AGM, Mr. Lee Kwong Ming, an independent non-executive Director, has been appointed as (i) the chairman of the Nomination Committee, (ii) a member of each of the Audit Committee and Remuneration Committee; Mr. Lee Fung Lun, an independent non-executive Director, has been appointed as (i) the chairman of the Remuneration committee, (ii) a member of each of the Audit Committee and Nomination Committee; and Ms. Wong Wing Man, an executive Director, has been appointed as the member of each of Remuneration Committee and Nomination Committee. The Board also announces that with effect from 12 May 2023, Mr. So Kin Ting Wilson ("Mr. Wilson So") has resigned as an executive Director of the Company due to his other business engagements which require more of his attention and dedication. Reported Earnings • Apr 01
Full year 2022 earnings released: HK$0.035 loss per share (vs HK$0.023 loss in FY 2021) Full year 2022 results: HK$0.035 loss per share (further deteriorated from HK$0.023 loss in FY 2021). Revenue: HK$204.0m (down 17% from FY 2021). Net loss: HK$46.4m (loss widened 65% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Feb 07
Pacific Legend Group Limited has completed a Follow-on Equity Offering in the amount of HKD 13.728 million. Pacific Legend Group Limited has completed a Follow-on Equity Offering in the amount of HKD 13.728 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 264,000,000
Price\Range: HKD 0.052
Discount Per Security: HKD 0.00104
Transaction Features: Subsequent Direct Listing Announcement • Dec 21
Pacific Legend Group Limited Announces Appointment of Wong Ka Man as the Joint Company Secretary The Board of Directors of Pacific Legend Group Limited announced that Mr. Wong Ka Man has been appointed as the joint company secretary of the Company with effect from 20 December 2022. After the aforesaid appointment, the existing company secretary of the Company, Mr. Fu Chi Wing Jason will continue to serve as the other joint company secretary. The biographical details of Mr. Wong are set out below: Mr. Wong, aged 55, has about 33 years of experience in audit and account, with about 20 years of working experiences in companies listed in Hong Kong and New York Stock Exchange. Mr. Wong was awarded a higher diploma in accountancy from the Hong Kong Polytechnic University in November 2000. He is currently a member of The Association of Chartered Certified Accountants and a certified public accountant of the Hong Kong Institute of Certified Public Accountants. Reported Earnings • Nov 20
Third quarter 2022 earnings released: HK$0.003 loss per share (vs HK$0.005 profit in 3Q 2021) Third quarter 2022 results: HK$0.003 loss per share (down from HK$0.005 profit in 3Q 2021). Revenue: HK$60.7m (down 18% from 3Q 2021). Net loss: HK$4.35m (down 180% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Tom Szutu was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 03
Pacific Legend Group Limited to Report Q3, 2022 Results on Nov 14, 2022 Pacific Legend Group Limited announced that they will report Q3, 2022 results on Nov 14, 2022 Reported Earnings • Aug 14
Second quarter 2022 earnings released: HK$0.003 loss per share (vs HK$0.011 loss in 2Q 2021) Second quarter 2022 results: HK$0.003 loss per share (up from HK$0.011 loss in 2Q 2021). Revenue: HK$43.6m (down 12% from 2Q 2021). Net loss: HK$4.53m (loss narrowed 67% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Announcement • Aug 03
Pacific Legend Group Limited to Report Q2, 2022 Results on Aug 12, 2022 Pacific Legend Group Limited announced that they will report Q2, 2022 results on Aug 12, 2022 Announcement • May 28
Pacific Legend Group Limited Announces Change of Directors and Changes in Composition of Board Committees Pacific Legend Group Limited announced that with effect from 27 May 2022, Ms. Lale Kesebi has resigned as an independent non-executive Director, chairperson of nomination committee, and member of each of audit and remuneration committees of the Company; Mr. Roderick Donald Nichol has resigned as an independent non-executive Director, chairperson of remuneration committee, and member of each of audit and nomination committees of the Company; Mr. Zheng Tianzhi has resigned as an executive Director of the Company; Mr. Tom Kuet Szutu has been appointed as an independent non-executive Director, chairperson of nomination committee, and member of each of audit and remuneration committees of the Company; Mr. Kurt Kwai Ching Mak has been appointed as an independent non-executive Director, chairperson of remuneration committee, and member of each of audit and nomination committees of the Company; and Ms. Shawlain Ahmin has been appointed as an executive Director of the Company. Reported Earnings • May 16
First quarter 2022 earnings released: HK$0.67 loss per share (vs HK$0.008 loss in 1Q 2021) First quarter 2022 results: HK$0.67 loss per share. Revenue: HK$38.6m (down 18% from 1Q 2021). Net loss: HK$8.82m (loss narrowed 2.8% from 1Q 2021). Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Fung Lun Lee was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 09
Pacific Legend Group Limited, Annual General Meeting, May 13, 2022 Pacific Legend Group Limited, Annual General Meeting, May 13, 2022, at 10:00 China Standard Time. Location: Units 120204, Level 12, Cyberport 2, 100 Cyberport Road Hong Kong Hong Kong Agenda: To consider, receive and approve the audited consolidated financial statements and the reports of the directors and auditor of the Company for the year ended 31 December 2021; to re-elect retiring directors and to authorise the board of directors of the Company to fix the remuneration of the directors; to re-appoint Baker Tilly Hong Kong Limited as the auditor of the Company and to authorise the board of directors of the Company to fix its remuneration; and to consider other matters. Reported Earnings • Mar 31
Full year 2021 earnings released: HK$0.023 loss per share (vs HK$0.044 loss in FY 2020) Full year 2021 results: HK$0.023 loss per share (up from HK$0.044 loss in FY 2020). Revenue: HK$244.3m (up 11% from FY 2020). Net loss: HK$28.2m (loss narrowed 36% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Jan 30
Insider recently bought HK$5.5m worth of stock On the 27th of January, Wai Keung Cheung bought around 80m shares on-market at roughly HK$0.069 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$16m more in shares than they have sold in the last 12 months. Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS HK$0.005 (vs HK$0.003 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: HK$74.3m (up 8.6% from 3Q 2020). Net income: HK$5.48m (up 67% from 3Q 2020). Profit margin: 7.4% (up from 4.8% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year whereas the company’s share price has fallen by 33% per year. Announcement • Sep 15
Pacific Legend Group Limited has completed a Follow-on Equity Offering in the amount of HKD 13.44 million. Pacific Legend Group Limited has completed a Follow-on Equity Offering in the amount of HKD 13.44 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 120,000,000
Price\Range: HKD 0.112
Discount Per Security: HKD 0.0056
Transaction Features: Subsequent Direct Listing Reported Earnings • Aug 18
Second quarter 2021 earnings released: HK$0.011 loss per share (vs HK$0.006 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: HK$49.7m (down 14% from 2Q 2020). Net loss: HK$13.6m (loss widened 142% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Executive Departure • Jul 04
Vice Chairman, CEO & Compliance Officer Tracy-Ann Fitzpatrick has left the company On the 1st of July, Tracy-Ann Fitzpatrick was replaced as CEO by John Warren McLennan. We don't have any record of a personal shareholding under Tracy-Ann's name. A total of 2 executives have left over the last 12 months. Executive Departure • Jul 04
Vice Chairman, CEO & Compliance Officer Tracy-Ann Fitzpatrick has left the company On the 1st of July, Tracy-Ann Fitzpatrick was replaced as CEO by John Warren McLennan. We don't have any record of a personal shareholding under Tracy-Ann's name. A total of 2 executives have left over the last 12 months. Executive Departure • Jul 04
Vice Chairman, CEO & Compliance Officer Tracy-Ann Fitzpatrick has left the company On the 1st of July, Tracy-Ann Fitzpatrick was replaced as CEO by John Warren McLennan. We don't have any record of a personal shareholding under Tracy-Ann's name. A total of 2 executives have left over the last 12 months. Executive Departure • Jul 04
Vice Chairman, CEO & Compliance Officer Tracy-Ann Fitzpatrick has left the company On the 1st of July, Tracy-Ann Fitzpatrick was replaced as CEO by John Warren McLennan. We don't have any record of a personal shareholding under Tracy-Ann's name. A total of 2 executives have left over the last 12 months. Executive Departure • Jul 04
Vice Chairman, CEO & Compliance Officer Tracy-Ann Fitzpatrick has left the company On the 1st of July, Tracy-Ann Fitzpatrick was replaced as CEO by John Warren McLennan. We don't have any record of a personal shareholding under Tracy-Ann's name. A total of 2 executives have left over the last 12 months. Executive Departure • Jul 04
Vice Chairman, CEO & Compliance Officer Tracy-Ann Fitzpatrick has left the company On the 1st of July, Tracy-Ann Fitzpatrick was replaced as CEO by John Warren McLennan. We don't have any record of a personal shareholding under Tracy-Ann's name. A total of 2 executives have left over the last 12 months. Executive Departure • Jul 04
Vice Chairman, CEO & Compliance Officer Tracy-Ann Fitzpatrick has left the company On the 1st of July, Tracy-Ann Fitzpatrick was replaced as CEO by John Warren McLennan. We don't have any record of a personal shareholding under Tracy-Ann's name. A total of 2 executives have left over the last 12 months. Executive Departure • Jul 04
Vice Chairman, CEO & Compliance Officer Tracy-Ann Fitzpatrick has left the company On the 1st of July, Tracy-Ann Fitzpatrick was replaced as CEO by John Warren McLennan. We don't have any record of a personal shareholding under Tracy-Ann's name. A total of 2 executives have left over the last 12 months. Executive Departure • Jul 04
Vice Chairman, CEO & Compliance Officer Tracy-Ann Fitzpatrick has left the company On the 1st of July, Tracy-Ann Fitzpatrick was replaced as CEO by John Warren McLennan. We don't have any record of a personal shareholding under Tracy-Ann's name. A total of 2 executives have left over the last 12 months. Executive Departure • Jul 04
Vice Chairman, CEO & Compliance Officer Tracy-Ann Fitzpatrick has left the company On the 1st of July, Tracy-Ann Fitzpatrick was replaced as CEO by John Warren McLennan. We don't have any record of a personal shareholding under Tracy-Ann's name. A total of 2 executives have left over the last 12 months.