Announcement • Aug 18
China e-Wallet Payment Group Limited to Report First Half, 2025 Results on Aug 28, 2025 China e-Wallet Payment Group Limited announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Apr 30
China e-Wallet Payment Group Limited, Annual General Meeting, Jun 18, 2025 China e-Wallet Payment Group Limited, Annual General Meeting, Jun 18, 2025, at 10:00 China Standard Time. Location: portion 2, 12/f, the center, 99 queens road central, central, Hong Kong Announcement • Mar 20
China e-Wallet Payment Group Limited to Report Fiscal Year 2024 Results on Mar 31, 2025 China e-Wallet Payment Group Limited announced that they will report fiscal year 2024 results on Mar 31, 2025 Announcement • Dec 19
China E-Wallet Payment Group Limited Announces Resignation of Poon Chun Yin as Executive Director The board of directors of China e-Wallet Payment Group Limited announced that Mr. Poon Chun Yin ("Mr. Poon") has tendered his resignation as Executive Director with effect from 18 December 2024 due to his other business commitments. Announcement • Aug 16
China e-Wallet Payment Group Limited to Report First Half, 2024 Results on Aug 28, 2024 China e-Wallet Payment Group Limited announced that they will report first half, 2024 results on Aug 28, 2024 Reported Earnings • Apr 03
Full year 2023 earnings released: HK$0.053 loss per share (vs HK$0.036 loss in FY 2022) Full year 2023 results: HK$0.053 loss per share. Revenue: HK$71.0m (down 20% from FY 2022). Net loss: HK$32.1m (loss narrowed 52% from FY 2022). New Risk • Apr 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (HK$27.2m market cap, or US$3.47m). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Announcement • Mar 15
China e-Wallet Payment Group Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 China e-Wallet Payment Group Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 Announcement • Feb 29
China E-Wallet Payment Group Limited Appoints Wong Sze Lok as Independent Non-Executive Director China e-Wallet Payment Group Limited announced that Mr. Wong Sze Lok (Mr. Wong) has been appointed as independent non-executive director with effect from 29 February 2024. The board further announces that, with effect from 29 February 2024, Mr. Wong has also been appointed as the chairman of the audit committee of the Company and a member of the nomination committee and remuneration committee of the company. Mr. Wong Sze Lok, aged 51, has extensive experience in auditing and corporate governance. Mr. Wong obtained a bachelor of arts degree in accountancy from The Hong Kong Polytechnic University in November 1996 and a master of management degree from Macquarie University in November 2004 and a certificate of higher education in Law from University of Essex in December 2021. Mr. Wong is a fellow of the Hong Kong Institute of Certified Public Accountants, a fellow of The Institute of Chartered Accountants in England and Wales and a Certified Information Systems Auditor. Mr. Wong is currently an independent non-executive director of Aowei Holding Limited, Cocoon Holdings Limited and TBK & Sons Holdings Limited. Mr. Wong was an independent non-executive director of Grand Field Group Holdings Limited until 23 July 2021. Announcement • Jan 31
China e-Wallet Payment Group Limited Announces Changes to Its Board China e-Wallet Payment Group Limited at its SGM held on 31 January 2024, approved that Mr. Li Jinglong and Mr. Zhang Ligong (‘Mr. Zhang’) were removed as Executive Directors with immediate effect after the conclusion of the SGM, and Mr. Cheng Ruixong (‘Mr. Cheng’) was removed as Independent Non-executive Director with immediate effect after the conclusion of the SGM. Following the respective removals, with immediate effect Mr. Zhang ceased to be the authorized representative of the Company and Mr. Cheng ceased to be a member of the audit committee of the Company and the chairman of each of the nomination committee of the Company and the remuneration committee of the Company. Pursuant to the ordinary resolutions passed by the shareholder at the SGM, Mr. Poon Chun Yin and Mr. Lin Chih Chia were appointed as Executive Directors, and Miss Peng Jing Yi and Mr. Tse Tung Leung, Tony were appointed as Independent Non-executive Directors. After the conclusion of the SGM, the Board comprises two Executive Directors, namely Mr. Poon Chun Yin and Mr. Lin Chih Chia, and two Independent Non-executive Directors, namely Miss Peng Jing Yi and Mr. Tse Tung Leung, Tony. The Board announced that Mr. Lin Chih Chia was appointed as the Authorized Representative, a member of each of the Nomination Committee and the Remuneration Committee; Miss Peng Jing Yi was appointed as a member of the Audit Committee, the chairlady of each of the Nomination Committee and the Remuneration Committee; and Mr. Tse Tung Leung, Tony was appointed as a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee. Mr. Poon Chun Yin, aged 43, holds a Bachelor of Science degree in Business from University of London in 2005. Mr. Poon is a founder of a learning centre under the brand name of ‘Modern Continuing Education Centre)’ in Hong Kong. Mr. Poon Chun Yin was currently a member of HKSAR Sai Kung District Fight Crime Committee. Mr. Poon was awarded the Chief Executive's Commendation for Community Service by the Chief Executive of the Hong Kong Special Administrative Region in recognition of his community service, particularly his contributions to promoting civic education and crime prevention in 2023. Mr. Poon was also the Vice Chairperson of Yan Oi Tong Limited (2017-2019), the president of Lions Club of Tsuen Wan (2019-2020), the honorary vice president of Federation of Hong Kong Guangdong Community organizations (2016-2018), the director of Yan Oi Tong Chan Wong Suk Fong Memorial Secondary School (2016-2020), Yan Oi Tong Tin Ka Ping Secondary School (2018-2019) and Yan Oi Tong Madam Lau Wong Fat Primary School (2019-2020). Mr. Lin Chih Chia, aged 29, holds an Associate's Degree in Management from Kang-Ning Junior College of Medical Care and Management in Taiwan in 2015. Miss Peng Jing Yi, aged 36, has over 7 years of experience in the banking industry in the PRC. Miss Peng holds a Degree from Hunan Mass Media Vocational and Technical College in 2010. Mr. Tse Tung Leung, aged 44, holds a BBA in Marketing from Monash University in 2005. Announcement • Jan 12
China e-Wallet Payment Group Limited Proposes Executive Changes China e-Wallet Payment Group Limited at its SGM proposed that Mr. Li Jinglong be, Mr. Zhang Ligong and Mr. Cheng Ruixiong removed as an Executive Director pursuant to article 86(4) of the Articles with immediate effect. New Risk • Nov 22
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). Market cap is less than US$10m (HK$49.5m market cap, or US$6.35m). Announcement • Oct 26
China e-Wallet Payment Group Limited Announces Change of Company Secretary with Effect from 25 October 2023 The board of directors of China e-Wallet Payment Group Limited announces that Mr. Tang Man Hin has resigned as the company secretary of the Company with effect from 25 October 2023. The Board is further announced that Mr. Chan Kam Fuk has been appointed as the Company Secretary with effect from 25 October 2023. The biographical details of Mr. Chan are set out below: Mr. Chan, aged 58, has extensive experience in finance, auditing and accounting. Mr. Chan graduated from The University of Southern Queensland, Australia with a Master of Professional Accounting in 1998 and from the City University of Hong Kong with the degree of Master of Science in Finance in 1995. Mr. Chan is a non-practicing partner of Dominic K. F. Chan & Co., CPA and Centurion ZD CPA & Co., CPA, and a non-practicing director of Centurion ZD CPA Limited, accounting firms in Hong Kong. He is a qualified accountant in Hong Kong and Australia and therefore he meets the qualification requirements under Rule 3.28 of the Listing Rules. Announcement • Oct 19
China E-Wallet Payment Group Limited Announces Board Changes The board of directors of China e-Wallet Payment Group Limited announced that: Mr. Kwan King Wah has resigned as an independent non-executive Director, the chairman of the audit committee and member of remuneration committee and nomination committee of the Company, with effect from 31 October 2023, due to Mr. Kwan would like to focus on his own business pursuit; and Ms. Lo Suet Lai has resigned as an independent non-executive Director, the chairman of the remuneration committee and member of audit committee and nomination committee of the Company, with effect from 18 October 2023, due to Ms. Lo would like to devote more time to her own profession and business. New Risk • Oct 12
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 9.9% 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 Market cap is less than US$10m (HK$34.4m market cap, or US$4.40m). Minor Risk Share price has been volatile over the past 3 months (9.9% average weekly change). Reported Earnings • Sep 06
First half 2023 earnings released: HK$0.054 loss per share (vs HK$0.059 loss in 1H 2022) First half 2023 results: HK$0.054 loss per share (improved from HK$0.059 loss in 1H 2022). Revenue: HK$43.3m (down 4.1% from 1H 2022). Net loss: HK$32.6m (loss narrowed 8.2% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Announcement • Aug 09
China e-Wallet Payment Group Limited to Report First Half, 2023 Results on Aug 31, 2023 China e-Wallet Payment Group Limited announced that they will report first half, 2023 results on Aug 31, 2023 Announcement • May 30
China e-Wallet Payment Group Limited, Annual General Meeting, Jun 30, 2023 China e-Wallet Payment Group Limited, Annual General Meeting, Jun 30, 2023, at 11:00 China Standard Time. Location: No. 21-2, Jalan PJU 5/11, Dataran Sunway, Kota Damansara, Petaling Jaya Selangor Malaysia Agenda: To consider and consider the audited financial statements for the year ended 31 December 2022 and the reports of the directors of the Company and of the auditors thereon; to consider Mr. Wang Zhongling as an executive director of the Company; to consider Mr. Cheng Ruixiong as an independent non-executive director of the Company; to consider authorise the board of directors or executive committee of the board of directors to fix the remuneration of the directors of the Company; to consider re-appoint McMillan Woods (Hong Kong) CPA Limited as the auditors of the Company and authorise the board of directors to fix their remuneration; and to consider other matters. 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. 2 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Ruixiong Cheng was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 02
First half 2022 earnings released: HK$0.012 loss per share (vs HK$0.033 loss in 1H 2021) First half 2022 results: HK$0.012 loss per share. Revenue: HK$45.1m (down 23% from 1H 2021). Net loss: HK$35.5m (loss widened 94% from 1H 2021). Announcement • Aug 17
China e-Wallet Payment Group Limited to Report First Half, 2022 Results on Aug 31, 2022 China e-Wallet Payment Group Limited announced that they will report first half, 2022 results on Aug 31, 2022 Announcement • Jun 15
China E-Wallet Payment Group Limited Announces Executive Changes China e-Wallet Payment Group Limited announced that Ms. Ng Lai Ching has tendered her resignation as the company secretary of the Company and Mr. Tang Man Hin has been appointed as the Company Secretary. Mr. Tang holds a Bachelor of Commerce (Major in Accounting and Finance) from the Curtin University of Technology, Australia. He is a member of the Hong Kong Institute of Certified Public Accountants and a Certified Practising Accountant (Australia). He possesses years of experience in the fields of accounting, auditing and corporate secretary matters. The Board would like to take this opportunity to express its appreciation to Ms. Ng for her valuable contributions to the Company during her tenure of office and would also welcome Mr. Tang on his new appointment. Announcement • May 25
China e-Wallet Payment Group Limited, Annual General Meeting, Jun 30, 2022 China e-Wallet Payment Group Limited, Annual General Meeting, Jun 30, 2022, at 11:00 Singapore Standard Time. Location: No. 21-2, Jalan PJU 5/11, Dataran Sunway, Kota Damansara 47810 Petaling Jaya Selangor Malaysia Agenda: To receive and consider the audited financial statements for the year ended 31 December 2021 and the reports of the directors of the Company and of the auditors thereon; to re-elect Kwan King Wah as an independent non-executive director of the company; to re-elect Lo Suet Lai as an independent non-executive director of the company; to authorize the board of directors or executive committee of the board of directors to fix the remuneration of the directors of the company; to re-appoint McMillan Woods (Hong Kong) CPA Limited as the auditors of the Company and authorize the board of directors to fix their remuneration; and to transact other business. Board Change • Apr 27
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. 2 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Ruixiong Cheng was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 03
Full year 2021 earnings released: HK$0.011 loss per share (vs HK$0.015 loss in FY 2020) Full year 2021 results: HK$0.011 loss per share (up from HK$0.015 loss in FY 2020). Revenue: HK$101.9m (up 69% from FY 2020). Net loss: HK$32.4m (loss narrowed 23% from FY 2020). 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 32% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 05
First half 2021 earnings released: HK$0.007 loss per share (vs HK$0.007 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: HK$58.5m (up 234% from 1H 2020). Net loss: HK$18.3m (loss narrowed 5.2% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Recent Insider Transactions Derivative • May 21
Executive Director exercised options to buy HK$3.0m worth of stock. On the 17th of May, Jinglong Li exercised options to buy 27m shares at a strike price of around HK$0.086, costing a total of HK$2.4m. As of today, Jinglong currently holds no shares directly. Company insiders have collectively bought HK$12m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Apr 02
Full year 2020 earnings released: HK$0.015 loss per share (vs HK$0.027 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: HK$60.3m (down 36% from FY 2019). Net loss: HK$41.8m (loss narrowed 44% from FY 2019). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Announcement • Mar 13
China e-Wallet Payment Group Limited to Report Fiscal Year 2020 Results on Mar 31, 2021 China e-Wallet Payment Group Limited announced that they will report fiscal year 2020 results on Mar 31, 2021 Announcement • Aug 08
China e-Wallet Payment Group Limited to Report Q2, 2020 Results on Aug 31, 2020 China e-Wallet Payment Group Limited announced that they will report Q2, 2020 results on Aug 31, 2020