Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to HK$1.98, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 28x in the Software industry in Hong Kong. Total returns to shareholders of 56% over the past three years. New Risk • Mar 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.9% Last year net profit margin: 18% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (3.9% net profit margin). Market cap is less than US$100m (HK$626.9m market cap, or US$80.0m). Announcement • Mar 24
Enterprise Development Holdings Limited, Annual General Meeting, Jun 23, 2026 Enterprise Development Holdings Limited, Annual General Meeting, Jun 23, 2026. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$2.56, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 18x in the Software industry in Hong Kong. Total returns to shareholders of 63% over the past three years. New Risk • Mar 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 10.0% 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 High level of non-cash earnings (92% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (10.0% average weekly change). Market cap is less than US$100m (HK$683.2m market cap, or US$87.3m). Announcement • Mar 11
Enterprise Development Holdings Limited to Report Fiscal Year 2025 Results on Mar 23, 2026 Enterprise Development Holdings Limited announced that they will report fiscal year 2025 results on Mar 23, 2026 New Risk • Nov 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (92% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (HK$617.1m market cap, or US$79.4m). Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to HK$2.52, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 19x in the Software industry in Hong Kong. Total returns to shareholders of 153% over the past three years. Reported Earnings • Oct 05
First half 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.092 in 1H 2024) First half 2025 results: EPS: CN¥0.19 (up from CN¥0.092 in 1H 2024). Revenue: CN¥551.3m (up 332% from 1H 2024). Net income: CN¥45.5m (up 138% from 1H 2024). Profit margin: 8.2% (down from 15% in 1H 2024). Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. New Risk • Sep 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$734.7m (US$94.5m) This is considered a minor 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: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (HK$734.7m market cap, or US$94.5m). Reported Earnings • Aug 28
First half 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.092 in 1H 2024) First half 2025 results: EPS: CN¥0.19 (up from CN¥0.092 in 1H 2024). Revenue: CN¥551.3m (up 332% from 1H 2024). Net income: CN¥45.5m (up 138% from 1H 2024). Profit margin: 8.2% (down from 15% in 1H 2024). Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Announcement • Aug 15
Enterprise Development Holdings Limited to Report First Half, 2025 Results on Aug 26, 2025 Enterprise Development Holdings Limited announced that they will report first half, 2025 results on Aug 26, 2025 New Risk • May 27
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 144% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (144% accrual ratio). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Mar 24
Enterprise Development Holdings Limited, Annual General Meeting, Jun 20, 2025 Enterprise Development Holdings Limited, Annual General Meeting, Jun 20, 2025. Reported Earnings • Mar 22
Full year 2024 earnings released: EPS: CN¥0.32 (vs CN¥0.033 in FY 2023) Full year 2024 results: EPS: CN¥0.32 (up from CN¥0.033 in FY 2023). Revenue: CN¥408.6m (up CN¥347.9m from FY 2023). Net income: CN¥72.7m (up CN¥67.2m from FY 2023). Profit margin: 18% (up from 9.2% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 79% per year, which means it is significantly lagging earnings growth. Announcement • Mar 11
Enterprise Development Holdings Limited to Report Fiscal Year 2024 Results on Mar 21, 2025 Enterprise Development Holdings Limited announced that they will report fiscal year 2024 results on Mar 21, 2025 Announcement • Dec 27
Enterprise Development Holdings Limited Announces Resignation of Liang Liang as Executive Director, Effective 24 January 2025 Enterprise Development Holdings Limited announced that Mr. Liang Liang (Mr. Liang) has tendered on 24 December 2024 his resignation as executive Director with effect from 24 January 2025 due to the recent health issue of family members and other matters. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to HK$4.15, the stock trades at a trailing P/E ratio of 46.8x. Average trailing P/E is 12x in the Software industry in Hong Kong. Total returns to shareholders of 266% over the past three years. Reported Earnings • Aug 28
First half 2024 earnings released: EPS: CN¥0.092 (vs CN¥0.038 in 1H 2023) First half 2024 results: EPS: CN¥0.092 (up from CN¥0.038 in 1H 2023). Revenue: CN¥127.6m (up 334% from 1H 2023). Net income: CN¥19.1m (up 275% from 1H 2023). Profit margin: 15% (down from 17% in 1H 2023). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Aug 14
Enterprise Development Holdings Limited to Report First Half, 2024 Results on Aug 23, 2024 Enterprise Development Holdings Limited announced that they will report first half, 2024 results on Aug 23, 2024 Announcement • Jun 15
Enterprise Development Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 85.2929 million. Enterprise Development Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 85.2929 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,810,000
Price\Range: HKD 2.09
Discount Per Security: HKD 0.01672
Transaction Features: Subsequent Direct Listing New Risk • Jun 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (50% accrual ratio). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • May 23
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 50% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (50% accrual ratio). Minor Risk Market cap is less than US$100m (HK$524.5m market cap, or US$67.2m). Announcement • May 01
Enterprise Development Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 73.458 million. Enterprise Development Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 73.458 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,810,000
Price\Range: HKD 1.8
Discount Per Security: HKD 0.0144
Transaction Features: Subsequent Direct Listing Announcement • Apr 24
Enterprise Development Holdings Limited, Annual General Meeting, Jun 28, 2024 Enterprise Development Holdings Limited, Annual General Meeting, Jun 28, 2024, at 10:30 China Standard Time. Location: Room 401, 4/F., Pico Tower, 66 Gloucester Road Wan Chai, Hong Kong Hong Kong China Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: CN¥0.033 (vs CN¥0.31 loss in FY 2022) Full year 2023 results: EPS: CN¥0.033 (up from CN¥0.31 loss in FY 2022). Revenue: CN¥60.6m (up 27% from FY 2022). Net income: CN¥5.55m (up CN¥27.8m from FY 2022). Profit margin: 9.2% (up from net loss in FY 2022). 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 14% per year, which means it is significantly lagging earnings. Announcement • Mar 19
Enterprise Development Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 Enterprise Development Holdings Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Announcement • Oct 28
Enterprise Development Holdings Limited Appoints Yu Hui as Chief Executive Officer The board of directors of Enterprise Development Holdings Limited announced that Mr. Yu Hui ("Mr. Yu") was appointed as the chief executive officer of the Company with effect from 26 October 2023. Mr. Yu, aged 60, with a Master's degree in economics, is a digital government and digital economy professional. He served as the dean of technology research institution of Fujian Xingyun Big Data Application Service Co. Ltd., chief architect of Fujian Big Data Co. Ltd., and president of Fujian Start Group Co. Ltd. Mr. Yu organized and participated in research and development of over 20 patents in IT software such as big data, internet of things (IoE) and blockchain etc. and has deep knowledge and extensive practical experience in areas of cloud network edge, data elementization and digital government construction. Mr. Yu graduated from Xiamen University with a Master's degree in economics, specialising in global economics in 1999. Announcement • Oct 27
Enterprise Development Holdings Limited Appoints Yu Hui as Executive Director The board of directors of Enterprise Development Holdings Limited announced that Mr. Yu Hui ("Mr. Yu") was appointed as an executive Director of the Company with effect from 26 October 2023. Mr. Yu, aged 60, with a Master's degree in economics, is a digital government and digital economy professional. He served as the dean of technology research institution of Fujian Xingyun Big Data Application Service Co. Ltd., chief architect of Fujian Big Data Co. Ltd., and president of Fujian Start Group Co. Ltd. Mr. Yu organized and participated in research and development of over 20 patents in IT software such as big data, internet of things (IoE) and blockchain etc. and has deep knowledge and extensive practical experience in areas of cloud network edge, data elementization and digital government construction. Mr. Yu graduated from Xiamen University with a Master's degree in economics, specialising in global economics in 1999. New Risk • Oct 03
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 9.7% 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 (150% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Market cap is less than US$100m (HK$265.3m market cap, or US$33.9m). Reported Earnings • Sep 06
First half 2023 earnings released: EPS: CN¥0.038 (vs CN¥0.19 loss in 1H 2022) First half 2023 results: EPS: CN¥0.038 (up from CN¥0.19 loss in 1H 2022). Revenue: CN¥29.4m (up 18% from 1H 2022). Net income: CN¥5.10m (up CN¥18.0m from 1H 2022). Profit margin: 17% (up from net loss in 1H 2022). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Announcement • Aug 22
Enterprise Development Holdings Limited to Report First Half, 2023 Results on Aug 31, 2023 Enterprise Development Holdings Limited announced that they will report first half, 2023 results on Aug 31, 2023 Recent Insider Transactions • May 26
Insider recently sold HK$2.4m worth of stock On the 23rd of May, Chee Keong Teoh sold around 2m shares on-market at roughly HK$1.20 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$2.4m more than they bought in the last 12 months. Board Change • Nov 16
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. No highly experienced directors. Independent Non-Executive Director Jinliang Cai is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 02
First half 2022 earnings released: CN¥0.19 loss per share (vs CN¥0.28 loss in 1H 2021) First half 2022 results: CN¥0.19 loss per share. Revenue: CN¥24.9m (up 20% from 1H 2021). Net loss: CN¥12.9m (loss widened 7.7% from 1H 2021). Announcement • Sep 02
Enterprise Development Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 11.42904 million. Enterprise Development Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 11.42904 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 13,606,000
Price\Range: HKD 0.84
Transaction Features: Subsequent Direct Listing Reported Earnings • Sep 02
First half 2022 earnings released: CN¥0.19 loss per share (vs CN¥0.28 loss in 1H 2021) First half 2022 results: CN¥0.19 loss per share. Revenue: CN¥24.9m (up 20% from 1H 2021). Net loss: CN¥12.9m (loss widened 7.7% from 1H 2021). Announcement • Aug 20
Enterprise Development Holdings Limited to Report First Half, 2022 Results on Aug 31, 2022 Enterprise Development Holdings Limited announced that they will report first half, 2022 results on Aug 31, 2022 Reported Earnings • Apr 28
Full year 2021 earnings released: CN¥0.48 loss per share (vs CN¥0.52 loss in FY 2020) Full year 2021 results: CN¥0.48 loss per share. Revenue: CN¥40.8m (down 42% from FY 2020). Net loss: CN¥23.8m (loss widened 42% from FY 2020). Board Change • Apr 27
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. No highly experienced directors. Independent Non-Executive Director Jinliang Cai is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 03
Full year 2021 earnings released: CN¥0.024 loss per share (vs CN¥0.53 loss in FY 2020) Full year 2021 results: CN¥0.024 loss per share. Revenue: CN¥40.8m (down 42% from FY 2020). Net loss: CN¥23.8m (loss widened 42% from FY 2020). Announcement • Apr 02
Enterprise Development Holdings Limited, Annual General Meeting, Jun 01, 2022 Enterprise Development Holdings Limited, Annual General Meeting, Jun 01, 2022. Announcement • Mar 23
Enterprise Development Holdings Limited to Report Fiscal Year 2021 Results on Mar 31, 2022 Enterprise Development Holdings Limited announced that they will report fiscal year 2021 results on Mar 31, 2022 Board Change • Jan 02
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. No highly experienced directors. Independent Non-Executive Director Jinliang Cai is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 30
Enterprise Development Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 15.873967 million. Enterprise Development Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 15.873967 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 226,770,954
Price\Range: HKD 0.07
Transaction Features: Subsequent Direct Listing Executive Departure • Sep 23
Independent Non-Executive Director Yat On Hui has left the company On the 20th of September, Yat On Hui'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 Yat On's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Sep 06
First half 2021 earnings released: CN¥0.014 loss per share (vs CN¥0.015 loss in 1H 2020) The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: CN¥20.7m (down 32% from 1H 2020). Net loss: CN¥12.0m (loss widened 35% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Executive Departure • Jun 02
Executive Chairman Huan Fei Guan has left the company On the 22nd of May, Huan Fei Guan's tenure as Executive Chairman ended after less than a year in the role. We don't have any record of a personal shareholding under Huan Fei's name. A total of 5 executives have left over the last 12 months. Announcement • May 19
Enterprise Development Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 47.407376 million. Enterprise Development Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 47.407376 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 395,061,466
Price\Range: HKD 0.12
Discount Per Security: HKD 0.0012
Transaction Features: Rights Offering Reported Earnings • Apr 02
Full year 2020 earnings released: CN¥0.026 loss per share (vs CN¥0.15 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: CN¥70.8m (down 30% from FY 2019). Net loss: CN¥16.8m (loss narrowed 79% from FY 2019). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings. Executive Departure • Mar 28
Independent Non-Executive Director has left the company On the 25th of March, Jian Liu's tenure as Independent Non-Executive Director ended after 4.2 years in the role. We don't have any record of a personal shareholding under Jian's name. A total of 4 executives have left over the last 12 months. Announcement • Mar 19
Enterprise Development Holdings Limited to Report Fiscal Year 2020 Results on Mar 30, 2021 Enterprise Development Holdings Limited announced that they will report fiscal year 2020 results on Mar 30, 2021 Is New 90 Day High Low • Feb 17
New 90-day high: HK$0.24 The company is up 36% from its price of HK$0.18 on 19 November 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Software industry, which is up 77% over the same period. Announcement • Jan 29
Enterprise Development Holdings Limited Announces Executive Changes Enterprise Development Holdings Limited announces that Mr. Bai Xuefei has resigned as an executive Director as he would like to spend more time pursuing his own business. Following the resignation of Mr. Bai, he also ceased to act as an authorised representative of the Company as required under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited; and Ms. Mao Junjie, an executive Director, was appointed as the Authorised Representative. Announcement • Jan 12
Enterprise Development Holdings Limited Appoints Hui Yat On as an Independent Non-Executive Director and Member of the Audit Committee The board of directors of Enterprise Development Holdings Limited announced that Mr. Hui Yat On was appointed as an independent non-executive Director and a member of the audit committee of the Company with effect from 11 January 2021. Mr. Hui is also a member of the Hong Kong Chiu Chow Chamber of Commerce. He has been an independent non-executive director of Artgo Holdings Limited since 8 June 2016. Mr. Hui is also currently a consultant of a company listed on the GEM of the Stock Exchange. He has previously served as the executive director and senior executive of several Hong Kong listed companies. Mr. Hui has nearly three decades of experiences in the field of corporate finance and financial services. Announcement • Jan 04
Enterprise Development Holdings Limited Appoints Ms. Mao Junjie as an Executive Director The board of directors of Enterprise Development Holdings Limited (the "Company") hereby announced that Ms. Mao Junjie ("Ms. Mao") was appointed as an executive Director with effect from 31 December 2020. Ms. Mao has entered into a management employment contract with the Company on 31 December 2020 for an initial term of three years commencing from 31 December 2020 unless terminated by not less than one month's notice in writing served by either party to the other. Announcement • Nov 18
Enterprise Development Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 21.228842 million. Enterprise Development Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 21.228842 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 126,362,155
Price\Range: HKD 0.168
Transaction Features: Subsequent Direct Listing Announcement • Oct 13
Enterprise Development Holdings Limited Announces Management Changes The board of directors of Enterprise Development Holdings Limited announced that Mr. Li Wai Kwan has tendered his resignation as an independent non-executive Director with effect from 12 October 2020 as he would like to put more focus on his other business. Following the resignation of Mr. Li, he also ceased to be a member of each of the audit committee, the nomination committee (the "Nomination Committee") and the remuneration committee (the "Remuneration Committee") of the Company, all with effect from 12 October 2020. The Board also announces that Mr. Cai Jinliang, an independent non-executive Director, has been appointed as a member of each of the Nomination Committee and the Remuneration Committee, both with effect from 12 October 2020. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total losses of CN¥78.4m, with losses widening by 167% from the prior year. Total revenue was CN¥91.6m over the last 12 months, down 14% from the prior year. Announcement • Aug 19
Enterprise Development Holdings Limited to Report First Half, 2020 Results on Aug 28, 2020 Enterprise Development Holdings Limited announced that they will report first half, 2020 results on Aug 28, 2020