Announcement • Jun 03
Ta Yang Group Holdings Limited, Annual General Meeting, Jun 30, 2026 Ta Yang Group Holdings Limited, Annual General Meeting, Jun 30, 2026, at 10:00 China Standard Time. Location: 22/f, h code, 45 pottinger street, central, Hong Kong Reported Earnings • Jun 01
Full year 2025 earnings released: HK$0.50 loss per share (vs HK$0.49 loss in FY 2024) Full year 2025 results: HK$0.50 loss per share (further deteriorated from HK$0.49 loss in FY 2024). Revenue: HK$758.2m (down 22% from FY 2024). Net loss: HK$73.3m (loss widened 15% from FY 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Board Change • Jun 01
Less than half of directors are independent There are 5 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 Li Zhang was the last independent director to join the board, commencing their role in 2026. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Mar 13
Ta Yang Group Holdings Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 Ta Yang Group Holdings Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 Announcement • Feb 07
Ta Yang Group Holdings Limited Announces Board Changes, Effective February 6, 2026 Ta Yang Group Holdings Limited announced that Mr. Chan Tsun Hong Philip has resigned as a non-executive director of the Company with effect from 6 February 2026 in order to devote more time to his personal and other business commitments. The Board announced that with effect from 6 February 2026, Mr. Law Wai Ip Vincent has been appointed as a non-executive Director. The biographical details of Mr. Law is set out below: Mr. Law, aged 51, has extensive experience in corporate governance, compliance, and mergers and acquisitions. He served as the company secretary and authorized representative of Asia Television Holdings Limited from December 2018 to April 2021 and as the company secretary and authorized representative of Success Dragon International Holdings Limited from September 2019 to March 2020, respectively. He is currently the Chief Operating Officer of Mason Group Holdings Limited and a director of several subsidiaries, responsible for overseeing operations and fulfilling his responsibilities in compliance and company secretarial functions. Mr. Law is an associate member of The Hong Kong Chartered Governance Institute and The Chartered Governance Institute UK & Ireland. Mr. Law holds a Master of Science degree with distinction in Professional Accounting and Corporate Governance from the City University of Hong Kong, a Master of Philosophy degree from the Chinese University of Hong Kong, and a Bachelor of Science (Honors) degree from Hong Kong Baptist University. New Risk • Jan 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.4% 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 Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$100m (HK$158.2m market cap, or US$20.3m). Announcement • Jan 17
Ta Yang Group Holdings Limited Announces Change of Directors and Change in Composition of Board Committees, Effective 16 January 2026 The board of directors of Ta Yang Group Holdings Limited announced that Mr. Chan Siu Tat ("Mr. Chan") has resigned as an independent non-executive Director of the Company with effect from 16 January 2026 in order to devote more time to his personal affairs and other business commitments. Mr. Chan has also ceased to serve as the chairman of each of the audit committee of the Company (the "Audit Committee") and the nomination committee of the Company (the "Nomination Committee"), and a member of the remuneration committee of the Company (the "Remuneration Committee"). The Board announced that with effect from 16 January 2026, Mr. Wang Dongzhu ("Mr. Wang") has been appointed as a non-executive Director and Ms. Zhang Li ("Ms. Zhang") has been appointed as an independent non-executive Director. The biographical details of Mr. Wang and Ms. Zhang are set out below: Mr. Wang Dongzhu Mr. Wang, aged 62, possesses over twenty years of experience in the fields of e-commerce and corporate management, with expertise in industrial planning, technological innovation applications, and development strategies for small and medium-sized enterprises. He has served as the chairman of Fujian Xunwang Network Technology Co. Ltd. since 2010. In 2022, Mr. Wang was appointed as vice president of China Association of Small and Medium Commercial Enterprises and in 2024, he was appointed as vice president of China Electronic Commerce Association. Mr. Wang has been recognized as a Senior Economist from the Fujian Provincial Department of Human Resources and Social Security since 2015 and was honored with the title of National Outstanding Entrepreneur for the 2021-2022 period by the China Enterprise Confederation and the China Enterprise Directors Association* ( ). Mr. Wang completed the Executive Master of Business Administration (EMBA) program at Xiamen University in 2022. Ms. Zhang, aged 48, has over twenty years of experience in the fields of financial management and financial services, specializing in wealth management, corporate training, and cross- border investment businesses. She also possesses comprehensive professional accounting capabilities. From January 2006 to January 2009, Ms. Zhang served as an accounting manager at Capital Industry Holdings Limited. From February 2009 to February 2016, she worked as a senior lecturer at Beijing Zhongbo Chengtong International Technology Training Co. Ltd. Ms. Zhang subsequently joined AIA International Limited in July 2016, where she held the position of deputy head of wealth management until September 2025. She has been serving as a director at Direct Power International Limited since March 2006 and a managing director at Best Success Capital Investment Limited since March 2020. Since December 2025, Ms. Zhang joined Chow Tai Fook Life Insurance Limited as a regional director and is responsible for regional business development and management. Ms. Zhang holds a bachelor of technology degree in cost and management accounting from Tshwane University of Technology. She has also been a fellow member of the Association of Chartered Certified Accountants since 2010. Announcement • Jan 09
Ta Yang Group Holdings Limited Announces Board and Committee Changes, Effective January 6, 2026 Ta Yang Group Holdings Limited announced that Dr. Feng Xin has resigned as an independent non-executive Director of the Company with effect from January 6, 2026 in order to devote more time to his personal affairs and other business commitments. Dr. Feng has also ceased to serve as the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee. The Board announced that with effect from January 6, 2026, Mr. Zhang Li and Datuk Dr. Xie Jun have been appointed as independent non-executive Directors. Mr. Zhang, aged 53, has extensive experience in finance and capital markets. He has been engaged in the investment and management business in the financial market for more than 20 years, focusing on securities investment and investment banking. Prior to joining the Company, Mr. Zhang served as an executive director and the co-chairman from April 2016 to July 2016 of Daohe Global Group Limited; an executive director of Renaissance Asia Silk Road Group Limited from April 2018 to September 2019; an executive director and a co-chairman from June 2016 to May 2021 of Up Energy Development Group Limited; a non-executive director from October 2019 to November 2019, and re-designated as an executive director from November 2019 to February 2023 of Madison Holdings Group Limited; a non-executive director from June 2021 to September 2022 of Kelfred Holdings Limited; an executive director and a co-chairman from July 2023 to May 2024 of China First Capital Group Limited; and the chairman of the board and an executive director since October 2025 of Value Convergence Holdings Limited. Mr. Zhang obtained a Bachelor’s degree in Economics from Northwest University of Political Science and Law in 1998. He now engages as the dean of the Guangdong-Hong Kong-Macao Greater Bay Branch of the Economics and Law Research Institute of Northwest University of Political Science and Law since August 2022; a visiting professor of school of economics of Northwest University of Political Science and Law since August 2022; and the executive dean of the Law Institute of Securities and Financial Crimes of Northwest University of Political Science and Law since June 2025. Datuk Dr. Xie Jun, aged 43, possesses over 16 years of experience in financial investment, digital assets and technology management, specializing in fintech innovation, cross-border capital operations and strategic investment planning. Dr. Xie served as the secretary general of the Information Technology Research Center of the National Academy of Governance from September 2009 to October 2013. Dr. Xie served as the vice general manager of Shenzhen Dvision Co. Ltd. from May 2022 to August 2023. From October 2013 to October 2023, he has served as the president and executive director of China Health Industry Fund, and concurrently served as the director of Anhua Agricultural Insurance Co. Ltd. and the dean of Anhua Insurance Research Institute. From October 2023 to April 2025, Dr. Xie has served as the chairman of China Great Wall Computer Import & Export Corporation. Dr. Xie has been appointed as the president of Asia Pacific Investment Bank Limited and the president of Asia Digital Bank Limited since April 2025. Dr. Xie has been appointed as the president of Asia Pacific Technology & Development Investment Bank Limited, the president and chief executive officer of Asia Digital Development Bank Limited and the chairman of Asia Digital Asset Exchange Limited since December 2025. In terms of academic research, Dr. Xie conducted postdoctoral research in computer science and technology at Tsinghua University from March 2011 to September 2013, and subsequently conducted postdoctoral research in computer science and technology at the National Academy of Governance from January 2014 to December 2016. Upon resignation of Dr. Feng, the Board also announces that, with effect from January 6, 2026: Dr. Feng has ceased to serve as the chairman of the Remuneration Committee and member of each of the Audit Committee and the Nomination Committee; and Dr. Xie has been appointed as the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee. Mr. Zhang has been appointed as a member of the Audit Committee. Following the appointments of Mr. Zhang and Dr. Xie, the Board comprises of two executive Directors, three non-executive Directors and three independent non-executive Directors. Reported Earnings • Oct 02
First half 2025 earnings released: HK$0.085 loss per share (vs HK$0.14 loss in 1H 2024) First half 2025 results: HK$0.085 loss per share (improved from HK$0.14 loss in 1H 2024). Revenue: HK$290.7m (down 44% from 1H 2024). Net loss: HK$12.1m (loss narrowed 36% from 1H 2024). 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 17% per year, which means it is significantly lagging earnings. New Risk • Sep 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% 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 (21% average weekly change). Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$242.5m market cap, or US$31.2m). Announcement • Sep 24
Ta Yang Group Holdings Limited has filed a Follow-on Equity Offering. Ta Yang Group Holdings Limited has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Transaction Features: Rights Offering Reported Earnings • Sep 02
First half 2025 earnings released: HK$0.085 loss per share (vs HK$0.14 loss in 1H 2024) First half 2025 results: HK$0.085 loss per share (improved from HK$0.14 loss in 1H 2024). Revenue: HK$290.7m (down 44% from 1H 2024). Net loss: HK$12.1m (loss narrowed 36% from 1H 2024). 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 22% per year, which means it is significantly lagging earnings. New Risk • Aug 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (35% average weekly change). Earnings have declined by 2.7% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (HK$253.9m market cap, or US$32.5m). Announcement • Aug 15
Ta Yang Group Holdings Limited to Report First Half, 2025 Results on Aug 29, 2025 Ta Yang Group Holdings Limited announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Jul 04
Ta Yang Group Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 34.392 million. Ta Yang Group Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 34.392 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 28,660,000
Price\Range: HKD 1.2 Board Change • Jun 11
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Non-Executive Director Xin Feng was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 10
Ta Yang Group Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 12 million. Ta Yang Group Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 12 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,000,000
Price\Range: HKD 0.1
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 70,000,000
Price\Range: HKD 0.1 New Risk • Jun 05
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 30% 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 (30% average weekly change). Earnings have declined by 2.7% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$80.1m market cap, or US$10.2m). New Risk • May 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$10.4m (US$1.32m) 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 Earnings have declined by 2.7% per year over the past 5 years. Market cap is less than US$10m (HK$10.4m market cap, or US$1.32m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Announcement • Apr 28
Ta Yang Group Holdings Limited, Annual General Meeting, Jun 27, 2025 Ta Yang Group Holdings Limited, Annual General Meeting, Jun 27, 2025, at 10:00 China Standard Time. Location: 22/f, h code, 45 pottinger street, central, Hong Kong New Risk • Apr 15
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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$78.8m market cap, or US$10.2m). Announcement • Apr 13
Ta Yang Group Holdings Limited Announces Company Secretary Changes Ta Yang Group Holdings Limited announces that with effect from 11 April 2025, Ms. Xu Jiayuan ("Ms. Xu") has tender her resignation as company secretary of the Company, and has ceased to act as an authorised representative of the Company. The Board announced that Mr. Lam Kai Kei ("Mr. Lam") has been appointed as the Company Secretary, the Authorised Representative and the Process Agent in replacement of Ms. Xu with effect from 11 April 2025. Mr. Lam, aged 39, holds a master's degree in corporate governance from The Hong Kong Polytechnic University and a Bachelor of Commerce (Honours) in Accounting from Hong Kong Shue Yan University. Mr. Lam is a fellow certified practising accountant of CPA Australia, an associate member of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom and a Certified Environmental, Social and Governance Analyst (CESGA) from the European Federation of Financial Analysts Societies. Mr. Lam has more than 15 years of experience in corporate governance, corporate finance, auditing and financial management. Mr. Lam is currently a financial controller of Winshine Science Company Limited, the issued shares of which are listed on the Main Board of the Stock Exchange since October 2022. Mr. Lam was an accounting manager of Sino-Ocean Group Holding Limited, the issued shares of which are listed on the Main Board of the Stock Exchange (stock code: 3377) from December 2021 to October 2022. He also served as finance manager of China Vast Industrial Urban Development Company Limited, the issued shares of which are listed on the Main Board of the Stock Exchange from December 2017 to December 2021. Prior to joining the listed companies, he mainly worked in two international audit firms for over 7 years. The Board is of the view that Mr. Lam is qualified to act as the company secretary under Rule 3.28 of the Rules Governing the Listing of Securities on the Stock Exchange. Reported Earnings • Mar 30
Full year 2024 earnings released: HK$0.049 loss per share (vs HK$0.067 loss in FY 2023) Full year 2024 results: HK$0.049 loss per share (improved from HK$0.067 loss in FY 2023). Revenue: HK$970.1m (down 20% from FY 2023). Net loss: HK$63.6m (loss narrowed 28% from FY 2023). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Mar 18
Ta Yang Group Holdings Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Ta Yang Group Holdings Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 Announcement • Feb 18
Ta Yang Group Holdings Limited Announces Board and Committee Changes The board of directors of Ta Yang Group Holdings Limited announced Mr. Zheng Changxing has resigned as an independent non-executive Director with effect from 18 February 2025 in order to devote more time to his personal affairs and other business commitments. The Board announced that Dr. Feng Xin ("Dr. Feng") has been appointed as an independent non-executive Director with effect from 18 February 2025. Dr. Feng, aged 45, is currently the executive director and general manager of Hainan Zhongji Zhengxin Private Equity Fund Management Co. Ltd. . He obtained a Doctorate degree majoring in Litigation Law from the People's Public Security University of China in July 2012. CHANGE IN COMPOSITION OF BOARD COMMITTEES: The Board further announces that Dr. Feng has been appointed as the chairman of the remuneration committee of the Board and a member of each of the audit committee and the nomination committee of the Board with effect from 18 February 2025. New Risk • Jan 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% 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 Less than 1 year of cash runway based on free cash flow trend (-HK$53m free cash flow). Earnings have declined by 7.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (HK$194.7m market cap, or US$25.0m). Announcement • Nov 21
Ta Yang Group Holdings Limited Announces Retirement of Hu Jiangbing as Independent Non-Executive Director, Chairman of the Remuneration Committee of the Board and Member of Each of the Audit Committee and the Nomination Committee of the Board Ta Yang Group Holdings Limited announced the proposed ordinary resolution number 2(c) for the re-election of Mr. Hu Jiangbing as an independent non-executive Director was not passed at the AGM since there was not a majority of votes casted in favor of such resolution. Accordingly, Mr. Hu retired as an independent non-executive Director with effect from the conclusion of the AGM on 18 November 2024. Following his retirement, Mr. Hu also ceased to act as the chairman of the remuneration committee of the Board and a member of each of the audit committee and the nomination committee of the Board, all with effect from the conclusion of the AGM on 18 November 2024. Announcement • Oct 24
Ta Yang Group Holdings Limited, Annual General Meeting, Nov 18, 2024 Ta Yang Group Holdings Limited, Annual General Meeting, Nov 18, 2024, at 10:00 China Standard Time. Location: 22/f, h code, 45 pottinger street, central, Hong Kong Buy Or Sell Opportunity • Oct 17
Now 30% undervalued The stock has been flat over the last 90 days, currently trading at HK$0.10. The fair value is estimated to be HK$0.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 56% over the last 3 years. Earnings per share has grown by 9.4%. New Risk • Oct 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 50% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 7.3% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (HK$243.1m market cap, or US$31.3m). Buy Or Sell Opportunity • Oct 02
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at HK$0.12. The fair value is estimated to be HK$0.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 56% over the last 3 years. Earnings per share has grown by 9.4%. Board Change • Oct 01
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Changxing Zheng was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 20
Ta Yang Group Holdings Limited to Report First Half, 2024 Results on Aug 30, 2024 Ta Yang Group Holdings Limited announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • Apr 08
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 Earnings have declined by 27% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (HK$254.8m market cap, or US$32.5m). Announcement • Mar 16
Ta Yang Group Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 Ta Yang Group Holdings Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 New Risk • Feb 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 50% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 27% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (HK$280.3m market cap, or US$35.8m). Announcement • Feb 21
Ta Yang Group Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 78.40602 million. Ta Yang Group Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 78.40602 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 653,383,500
Price\Range: HKD 0.12
Transaction Features: Rights Offering New Risk • Oct 26
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 Earnings have declined by 27% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$100m (HK$260.0m market cap, or US$33.2m). Reported Earnings • Sep 03
First half 2023 earnings released: HK$0.016 loss per share (vs HK$0.033 loss in 1H 2022) First half 2023 results: HK$0.016 loss per share (improved from HK$0.033 loss in 1H 2022). Revenue: HK$518.7m (up 173% from 1H 2022). Net loss: HK$20.9m (loss narrowed 51% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year. Announcement • Aug 18
Ta Yang Group Holdings Limited to Report First Half, 2023 Results on Aug 29, 2023 Ta Yang Group Holdings Limited announced that they will report first half, 2023 results on Aug 29, 2023 Announcement • Jul 23
Ta Yang Group Holdings Limited announced that it has received HKD 40 million in funding from Rising Jiarui Investment Management Co., Ltd. On July 21, 2023, a Yang Group Holdings Limited closed the transaction. Announcement • Jul 04
Ta Yang Group Holdings Limited announced that it expects to receive HKD 40 million in funding from Rising Jiarui Investment Management Co., Ltd. Ta Yang Group Holdings Limited announced that it has entered into a subscription agreement for the issuance of convertible bond for gross proceeds of HKD 40,000,000 on July 3, 2023. The transaction will include participation from new investor, Rising Jiarui Investment Management Co., Ltd. The convertible bond will bear interest rate of 10% per annum and will mature on the third anniversary of the date of issuer of the convertible bonds. The bonds are convertible at an initial conversion price of HKD 0.257 per conversion shares for total of 155,642,023 shares of the company. The subscription agreement is subject to and conditional upon the listing committee of the Stock Exchange shall have granted the permission to deal in the conversion shares to be issued upon exercise of the conversion rights of the convertible bonds. Announcement • Jun 10
Ta Yang Group Holdings Limited Appoints Zheng Changxing as Independent Non-Executive Director The board of directors of Ta Yang Group Holdings Limited announces that with effect from 9 June 2023, Mr. Zheng Changxing has bden appointed as an independent non-executive Director. Mr. Zheng, aged 60, has extensive experience in the telecommunication and finance industry. Mr. Zheng obtained a bachelor's degree in science with a major in meteorology and a master's degree in science with a major in climatology from Sun Yat Sen University in 1984 and 1987 respectively. Mr. Zheng further obtained an executive master of business administration from Guanghua School of Management, Peking University in 2003. Prior to joining the Company, Mr. Zhang has worked at various financial institutions and telecommunication companies inChina. Announcement • Jan 04
Ta Yang Group Holdings Limited Announces Executive Changes The board of directors of Ta Yang Group Holdings Limited announced that with effect from 3 January 2023, Mr. Zhou Danqing (Mr. Zhou) has resigned as company secretary of the Company (the Company Secretary), and has ceased to act as an authorized representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Stock Exchange) (the Listing Rules) and an authorized representative of the Company for accepting service of process or notice in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the Companies Ordinance) (collectively, the Authorized Representative). Mr. Zhou has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that needs to be brought to the attention of the Stock Exchange or the shareholders of the Company. The Board announced that Ms. Xu Jiayuan (Ms. Xu) has been appointed as the Company Secretary and Authorized Representative in replacement of Mr. Zhou with effect from 3 January 2023. Ms. Xu, aged 32, has over 7 years of experience in the field of corporate governance. Ms. Xu obtained a degree of bachelor of management majoring in business administration (management accounting) at the Capital University of Economics and Business in June 2013. She further obtained a degree of master of science majoring in accountancy from the Hong Kong Polytechnic University in October 2014. Ms. Xu is a member of the Hong Kong Institute of Certified Public Accountants and a Certified Internal Auditor conferred by the Institute of Internal Auditors. Ms. Xu has been the company secretary and authorised representative (under the Listing Rules and the Companies Ordinance) of Optima Automobile Group Holdings Limited, a company listed on the GEM of the Stock Exchange since September 2021. Announcement • Dec 29
Ta Yang Group Holdings Limited Announces Appointment of Gu Shixiang as Non-Executive Director The board of directors of Ta Yang Group Holdings Limited announces that with effect from 28 December 2022, Mr. Gu Shixiang (``Mr. Gu'') has been appointed as a non-executive Director. Mr. Gu, aged 55, graduated from Anhui Agricultural University and has over 20 years of experience in management. He was last employed by China Landlord Group Limited as the chief executive officer. Board Change • Nov 16
Less than half of directors are independent There are 5 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. 5 non-independent directors. Independent Non-Executive Director Siu Tat Chan 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. Reported Earnings • Sep 02
First half 2022 earnings released: HK$0.033 loss per share (vs HK$0.018 loss in 1H 2021) First half 2022 results: HK$0.033 loss per share (down from HK$0.018 loss in 1H 2021). Revenue: HK$189.8m (up 13% from 1H 2021). Net loss: HK$43.1m (loss widened 134% from 1H 2021). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Announcement • Aug 20
Ta Yang Group Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2022 Ta Yang Group Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2022. For the six month, the company expects to record a loss attributable to owners of the Company ranging from approximately HKD 40 million to approximately HKD 45 million for the six months ended 30 June 2022, as compared with approximatelyHKD 18.4 million for the six months ended 30 June 2021. Such change in the loss attributable to owners of the Company was mainly due to (i) tightened gross profit marginwhich was caused by decline in operational efficiency in the production base of the Group in mainland China under the COVID-19 epidemic and higher material costs under theworldwide inflation; (ii) certain one-off expenditures which were incurred in the launching phase of the retail business in the United Kingdom; and (iii) impairment of interests inassociates in the mainland China resulting from the continuous adverse impact of the COVID-19 epidemic. Announcement • Aug 18
Ta Yang Group Holdings Limited to Report Second Half, 2022 Results on Aug 29, 2022 Ta Yang Group Holdings Limited announced that they will report second half, 2022 results on Aug 29, 2022 Announcement • Jun 30
Cheng Hong Resigns as an Executive Director and A Member of the Executive Committee of Ta Yang Group Holdings Limited Ta Yang Group Holdings Limited announced that with effect from 29 June 2022 and due to other work commitments, Mr. Cheng Hong has resigned as an executive Director and a member of the executive committee of the Company, as well as all positions that he has held within the Company, its subsidiaries, and any of their affiliates. Mr. Cheng has confirmed, among others, that there was no disagreement with the Board and there were no any other matter relating to his resignation that need to be brought to the attention of the Shareholders or the Stock Exchange. Board Change • Apr 27
Less than half of directors are independent There are 5 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 Siu Tat Chan 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. Announcement • Apr 06
Ta Yang Group Holdings Limited Announces Management Changes The Board of Ta Yang Group Holdings Limited announced that with effect from 4 April 2022: Mr. Lin Bing has resigned as an independent non-executive Director, the chairman of the Audit Committee and Nomination Committee and a member of the Remuneration Committee; and Mr. Chan Siu Tat has been appointed as an independent non-executive Director, the chairman of the Audit Committee and Nomination Committee and a member of the Remuneration Committee. Reported Earnings • Apr 03
Full year 2021 earnings released: HK$0.075 loss per share (vs HK$0.11 loss in FY 2020) Full year 2021 results: HK$0.075 loss per share (up from HK$0.11 loss in FY 2020). Revenue: HK$362.5m (up 2.4% from FY 2020). Net loss: HK$84.9m (loss narrowed 11% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 26% per year. Reported Earnings • Oct 04
First half 2021 earnings released: HK$0.018 loss per share (vs HK$0.032 loss in 1H 2020) The company reported a soft first half result with weaker revenues and control over costs, although losses reduced. First half 2021 results: Revenue: HK$168.2m (down 36% from 1H 2020). Net loss: HK$18.4m (loss narrowed 33% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 41% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 05
First half 2021 earnings released: HK$0.018 loss per share (vs HK$0.032 loss in 1H 2020) The company reported a soft first half result with weaker revenues and control over costs, although losses reduced. First half 2021 results: Revenue: HK$168.2m (down 36% from 1H 2020). Net loss: HK$18.4m (loss narrowed 33% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. Executive Departure • Aug 19
Independent Non-Executive Director Gang Liu has left the company On the 11th of August, Gang Liu's tenure as Independent Non-Executive Director ended after 1.6 years in the role. We don't have any record of a personal shareholding under Gang's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 1.38 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 22
Independent Non-Executive Director Lijuan Zhang has left the company On the 19th of July, Lijuan Zhang's tenure as Independent Non-Executive Director ended after 5.2 years in the role. We don't have any record of a personal shareholding under Lijuan's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 1.67 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 22
Independent Non-Executive Director Lijuan Zhang has left the company On the 19th of July, Lijuan Zhang's tenure as Independent Non-Executive Director ended after 5.2 years in the role. We don't have any record of a personal shareholding under Lijuan's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 1.67 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 22
Company Secretary Chu Wing Lo has left the company On the 19th of July, Chu Wing Lo's tenure as Company Secretary ended after 3.0 years in the role. We don't have any record of a personal shareholding under Chu Wing's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 1.67 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 22
Company Secretary Chu Wing Lo has left the company On the 19th of July, Chu Wing Lo's tenure as Company Secretary ended after 3.0 years in the role. We don't have any record of a personal shareholding under Chu Wing's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 1.67 years, which is considered inexperienced in the Simply Wall St Risk Model. Announcement • Jul 07
United Crown Century Company Limited agreed to acquire 71% stake in Ta Yang Medical Investment Limited from Ta Yang Group Holdings Limited (SEHK:1991) for HKD 17.7 million. United Crown Century Company Limited agreed to acquire 71% stake in Ta Yang Medical Investment Limited from Ta Yang Group Holdings Limited (SEHK:1991) for HKD 17.7 million on July 5, 2021. The consideration of HKD 17.7 million will be paid in cash. For the year ended December 31, 2020, the total revenue of Ta Yang Medical Investment Limited was HKD 10.2 million and net loss was HKD 23.1 million. The transaction is subject to approval of offer by Ta Yang Group Holdings Limited board and shareholders. Announcement • Jun 24
Ta Yang Group Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 60.98246 million. Ta Yang Group Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 60.98246 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 435,589,000
Price\Range: HKD 0.14
Transaction Features: Rights Offering Recent Insider Transactions • May 14
Independent Non-Executive Director recently bought HK$52k worth of stock On the 10th of May, Jiang Bing Hu bought around 300k shares on-market at roughly HK$0.17 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Apr 02
Full year 2020 earnings released: HK$0.11 loss per share (vs HK$0.07 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: HK$354.2m (down 3.7% from FY 2019). Net loss: HK$95.8m (loss widened 57% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance. Announcement • Mar 18
Ta Yang Group Holdings Limited to Report Fiscal Year 2020 Results on Mar 31, 2021 Ta Yang Group Holdings Limited announced that they will report fiscal year 2020 results on Mar 31, 2021 Announcement • Jan 12
Ta Yang Group Holdings Limited Announces Board and Change Board Committee Changes The board of directors of Ta Yang Group Holdings announced that Mr. Yin Zhiqiang ("Mr. Yin") has tendered his resignation as an executive Director and chairman of the Executive Committee of the Company as well as al positions, roles and duties within the Group, al with effect from 11 January 2021 due to other work commitments. With effect from 11 January 2021, Mr. Liu Wengang, an executive director and the chief executive officer of the Company, has been appointed as the chairman of the Executive Committee of the Company. Is New 90 Day High Low • Oct 16
New 90-day high: HK$0.24 The company is up 18% from its price of HK$0.21 on 17 July 2020. The Hong Kong market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 6.0% over the same period. Announcement • Aug 28
Ta Yang Group Holdings Limited Announces Change of Chief Executive Officer The board of directors of Ta Yang Group Holdings Limited announced that with effect from 26 August 2020, Ms. Shi Qi has resigned as the Chief Executive Officer of the company owing to her intention to focus on her duties as an executive Director and the Chairlady of the Board. Ms. Shi will continue to serve as an executive Director and the Chairlady of the Board. Mr. Liu Wengang has been appointed as the Chief Executive Officer with effect from 26 August 2020. Mr. Liu served as the Chief Investment Officer and an executive director of Bisu Technology Group International Limited from 1 November 2019 to 20 August 2020. Announcement • Aug 21
Ta Yang Group Holdings Limited to Report First Half, 2020 Results on Aug 31, 2020 Ta Yang Group Holdings Limited announced that they will report first half, 2020 results on Aug 31, 2020