Announcement • Apr 30
Phancy Group Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 1.565968 billion. Phancy Group Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 1.565968 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 38,800,000
Price\Range: HKD 40.36
Transaction Features: Subsequent Direct Listing Announcement • Apr 22
Phancy Group Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 1.565968 billion. Phancy Group Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 1.565968 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 38,800,000
Price\Range: HKD 40.36
Transaction Features: Subsequent Direct Listing Announcement • Mar 17
Phancy Group Co., Ltd. to Report Fiscal Year 2025 Results on Mar 30, 2026 Phancy Group Co., Ltd. announced that they will report fiscal year 2025 results on Mar 30, 2026 Announcement • Jan 27
Phancy Group Co., Ltd. Announces Change in Company Secretary Phancy Group Co., Ltd. announced that Mr. Peng Jun has tendered his resignation as a joint company secretary of the Company due to work adjustment, effective January 26, 2026. Ms. Yeung Siu Wai Kitty, the other joint company secretary of the Company, will act as the sole company secretary of the Company. Mr. Liu Nan, the chief financial officer of the Company, will act as the contact of Ms. Yeung at the Company. As at the date of this announcement, the executive Directors are Dr. Dai Wenyuan, Mr. Chen Yuqiang and Mr. Yu Zhonghao; the non-executive Directors are Dr. Yang Qiang, Mr. Dou Shuai and Mr. Zhang Jing; the independent non-executive Directors are Mr. Li Jianbin, Mr. Liu Chijin, Ms. Ke Yele and Mr. Pan Jialin; and the employee representative Director is Mr. Chai Yifei. Announcement • Dec 19
Beijing Fourth Paradigm Technology Co., Ltd. Approves Directorate Changes, December 19, 2025 Beijing Fourth Paradigm Technology Co., Ltd. at its AGM held on December 19, 2025, approved the Board further announced that the Board received a resignation letter from Mr. Liu Zhuzhan. Mr. Liu resigned from his position as an independent non-executive Director in order to devote more time to his other business commitments, with effect from December 19, 2025. Upon the approval at the EGM, Mr. Pan Jialin was appointed as an independent non-executive Director with effect from December 19, 2025 until the expiration of the term of the current session of the Board. Announcement • Aug 15
Beijing Fourth Paradigm Technology Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 1.30795 billion. Beijing Fourth Paradigm Technology Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 1.30795 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 25,900,000
Price\Range: HKD 50.5
Transaction Features: Subsequent Direct Listing Announcement • Aug 12
Beijing Fourth Paradigm Technology Co., Ltd. to Report First Half, 2025 Results on Aug 21, 2025 Beijing Fourth Paradigm Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 21, 2025 Announcement • Jul 17
Beijing Fourth Paradigm Technology Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 1.30795 billion. Beijing Fourth Paradigm Technology Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 1.30795 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 25,900,000
Price\Range: HKD 50.5
Transaction Features: Subsequent Direct Listing Announcement • Jun 26
Beijing Fourth Paradigm Technology Co., Ltd. Approves Appointment of Liu Zhuzhan as Independent Non-Executive Director, Effective June 26, 2025 Beijing Fourth Paradigm Technology Co., Ltd. at its AGM held on June 26, 2025, approved the appointment of Mr. Liu Zhuzhan as an independent non-executive Director of the Company with effect from June 26, 2025 until the expiration of the term of the current session of the Board. Announcement • May 28
Beijing Fourth Paradigm Technology Co., Ltd., Annual General Meeting, Jun 26, 2025 Beijing Fourth Paradigm Technology Co., Ltd., Annual General Meeting, Jun 26, 2025, at 14:00 China Standard Time. Location: conference room, level 2, block a,hongyuan new era, shangdi west road, haidian district, beijing, China Announcement • Apr 01
Beijing Fourth Paradigm Technology Co., Ltd. Announces Nomination Committee Changes The board of directors of Beijing Fourth Paradigm Technology Co., Ltd. announces the following changes in the composition of the nomination committee of the Company (the "Nomination Committee") with effect from March 31, 2025: (i) Mr. Li Jianbin, an independent non-executive Director, has ceased to be a member of the Nomination Committee; and (ii) Ms. Ke Yele, an independent non-executive Director, has been appointed as a member of the Nomination Committee. Following the above changes, the Nomination Committee will comprise Dr. Dai Wenyuan (chairman), Mr. Liu Chijin and Ms. Ke Yele. The above changes were made in response to the amended Corporate Governance Code and the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited which will come into effect on July 1, 2025. Good corporate governance plays a significant role in the overall performance of the Company and the Board believes that the implementation of such changes could strengthen the effectiveness and diversity of the Board and further enhance good corporate governance practice of the Company as a whole. Announcement • Mar 20
Beijing Fourth Paradigm Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 31, 2025 Beijing Fourth Paradigm Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 31, 2025 Announcement • Jan 21
Beijing Fourth Paradigm Technology Co., Ltd. Announces Change of Joint Company Secretary Beijing Fourth Paradigm Technology Co., Ltd. announced that Mr. Peng Jun, the director of investor relations of the Company, has been appointed as the joint company secretary of the Company with effect from January 21, 2025. Ms. Yeung Siu Wai Kitty will remain as the other Joint Company Secretary. The biography of Mr. Peng is set out below: Peng Jun, male, born in 1990, holds a master's degree and currently holds the position of director of investor relations of the Company. Mr. Peng has extensive experience in finance and capital operations. Mr. Peng joined the Company in May 2018, and is primarily responsible for the financing and investment activities of the Company and is involved in the overall management of the Company's listing and post-listing disclosure and related matters. Prior to joining the Company, Mr. Peng worked in the transaction advisory department of KPMG Transaction Advisory Services Limited from December 2014 to April 2018. Mr. Peng is a member of the Hong Kong Institute of Certified Public Accountants. Ms. Guo Qingyuan has tendered her resignation as joint company secretary and secretary to the board of directors (the "Director(s)") of the Company due to a shift in her work focus and the expiration of her annual term of office. Ms. Guo confirmed that she has no disagreement with the Board and there are no matters related to her resignation mentioned above that need to be brought to the attention of The Stock Exchange of Hong Kong Limited or the shareholders of the Company. The Board would like to take this opportunity to express its sincere gratitude to Ms. Guo for her contribution to the capital markets and public relations efforts of the Company during her tenure. Ms. Guo will continue to assist the chairman in overseas business operations and emerging market development, and promote the Group's strategic deployment and business development in the global markets during her subsequent tenure as vice president of the Company. Announcement • Jan 11
Beijing Fourth Paradigm Technology Co., Ltd. Announces Change of Address of Principal Place of Business in Hong Kong The board of directors of Beijing Fourth Paradigm Technology Co., Ltd. announced that with effect from 10 January 2025, the address of the principal place of business in Hong Kong of the Company will be relocated from 5/F, Manulife Place, 348 Kwun Tong Road, Kowloon, Hong Kong to Room 1910, 19/F, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong. Breakeven Date Change • Oct 22
Forecast breakeven date moved forward to 2025 The 3 analysts covering Beijing Fourth Paradigm Technology previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 59% to 2024. The company is expected to make a profit of CN¥340.0k in 2025. Average annual earnings growth of 112% is required to achieve expected profit on schedule. New Risk • Sep 30
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 11% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Sep 30
First half 2024 earnings released: CN¥0.33 loss per share (vs CN¥1.66 loss in 1H 2023) First half 2024 results: CN¥0.33 loss per share (improved from CN¥1.66 loss in 1H 2023). Revenue: CN¥1.87b (up 27% from 1H 2023). Net loss: CN¥151.6m (loss narrowed 67% from 1H 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Software industry in Hong Kong. Announcement • Sep 20
Beijing Fourth Paradigm Technology Co., Ltd. Announces Chief Financial Officer Changes Beijing Fourth Paradigm Technology Co., Ltd. announced that Mr. Liu Nan has been appointed as the chief financial officer of the Company with effect from September 20, 2024. Liu Nan, male, born in 1980, holds a master's degree. Mr. Liu has extensive experience in finance and capital operations. Since 2004, he has successively worked at PricewaterhouseCoopers and Ernst & Young Hua Ming. From 2008 to 2011, he worked in the investment banking department of CITIC Securities. From 2011 to September 2024, Mr. Liu successively served as secretary to the board of directors of People.cn Co., Ltd, the vice president, secretary to the board of directors and financial controller of IReader Technology Co., Ltd. the deputy general manager and secretary to the board of directors of Yoozoo Interactive Co., Ltd., the vice president, financial controller and secretary to the board of directors of Visual China Group Co., Ltd. and the chief financial officer of Dangdang. Ms. Guo Qingyuan will no longer serve as the acting chief financial officer but will continue to act as vice president and secretary to the board of directors of the Company and is responsible for investor relations, information disclosure and other board- related matters and public relation matters of the Group. At the same time, Ms. Guo will also assist the chairman of the board of directors of the Company in involving in the operation of overseas business and the expansion into emerging markets. Reported Earnings • Aug 17
First half 2024 earnings released: CN¥0.33 loss per share (vs CN¥1.66 loss in 1H 2023) First half 2024 results: CN¥0.33 loss per share (improved from CN¥1.66 loss in 1H 2023). Revenue: CN¥1.87b (up 27% from 1H 2023). Net loss: CN¥151.6m (loss narrowed 67% from 1H 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Hong Kong. Announcement • Aug 02
Beijing Fourth Paradigm Technology Co., Ltd. to Report First Half, 2024 Results on Aug 15, 2024 Beijing Fourth Paradigm Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 15, 2024 Announcement • May 23
Beijing Fourth Paradigm Technology Co., Ltd., Annual General Meeting, Jun 20, 2024 Beijing Fourth Paradigm Technology Co., Ltd., Annual General Meeting, Jun 20, 2024, at 14:00 China Standard Time. Location: four seasons hotel shenzhen, 138 fuhua third road, futian district, guangdong province, shenzhen China Reported Earnings • Apr 28
Full year 2023 earnings released: CN¥2.80 loss per share (vs CN¥6.15 loss in FY 2022) Full year 2023 results: CN¥2.80 loss per share (improved from CN¥6.15 loss in FY 2022). Revenue: CN¥4.20b (up 36% from FY 2022). Net loss: CN¥908.7m (loss narrowed 45% from FY 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Hong Kong. Reported Earnings • Mar 22
Full year 2023 earnings released: CN¥2.80 loss per share (vs CN¥6.15 loss in FY 2022) Full year 2023 results: CN¥2.80 loss per share (improved from CN¥6.15 loss in FY 2022). Revenue: CN¥4.20b (up 36% from FY 2022). Net loss: CN¥908.7m (loss narrowed 45% from FY 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in Hong Kong. Breakeven Date Change • Mar 21
Forecast to breakeven in 2026 The 3 analysts covering Beijing Fourth Paradigm Technology expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CN¥148.4m in 2026. Average annual earnings growth of 71% is required to achieve expected profit on schedule. Board Change • Mar 13
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Julie Ke was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.