Announcement • Apr 30
GBA Holdings Limited, Annual General Meeting, Jun 05, 2026 GBA Holdings Limited, Annual General Meeting, Jun 05, 2026, at 11:00 China Standard Time. Location: 1/f, function room, 7-9 minden avenue, tsimshatsui, kowloon, Hong Kong New Risk • Apr 14
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 Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (HK$91.1m market cap, or US$11.6m). Reported Earnings • Apr 01
Full year 2025 earnings released: HK$0.46 loss per share (vs HK$0.29 loss in FY 2024) Full year 2025 results: HK$0.46 loss per share (further deteriorated from HK$0.29 loss in FY 2024). Revenue: HK$126.6m (up 122% from FY 2024). Net loss: HK$112.1m (loss widened 101% from FY 2024). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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$71.2m market cap, or US$9.09m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (22% increase in shares outstanding). Announcement • Mar 16
GBA Holdings Limited to Report Fiscal Year 2025 Results on Mar 30, 2026 GBA Holdings Limited announced that they will report fiscal year 2025 results on Mar 30, 2026 New Risk • Mar 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$74.0m (US$9.47m) 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 Risk Market cap is less than US$10m (HK$74.0m market cap, or US$9.47m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (22% increase in shares outstanding). New Risk • Oct 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 47% 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 Shareholders have been substantially diluted in the past year (47% increase in shares outstanding). Market cap is less than US$10m (HK$67.5m market cap, or US$8.67m). Reported Earnings • Sep 04
First half 2025 earnings released: HK$0.15 loss per share (vs HK$0.12 loss in 1H 2024) First half 2025 results: HK$0.15 loss per share (further deteriorated from HK$0.12 loss in 1H 2024). Net loss: HK$43.2m (loss widened 82% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Announcement • Sep 04
GBA Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 9.313389 million. GBA Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 9.313389 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 46,566,946
Price\Range: HKD 0.2
Discount Per Security: HKD 0.014
Transaction Features: Subsequent Direct Listing Announcement • Aug 18
GBA Holdings Limited to Report First Half, 2025 Results on Aug 29, 2025 GBA Holdings Limited announced that they will report first half, 2025 results on Aug 29, 2025 New Risk • Jun 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$78.0m (US$9.94m) 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 Risk Market cap is less than US$10m (HK$78.0m market cap, or US$9.94m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Apr 23
GBA Holdings Limited, Annual General Meeting, Jun 06, 2025 GBA Holdings Limited, Annual General Meeting, Jun 06, 2025, at 11:00 China Standard Time. Location: 1/f, function room, 7-9 minden avenue, tsimshatsui, kowloon, Hong Kong Reported Earnings • Apr 02
Full year 2024 earnings released: HK$0.057 loss per share (vs HK$0.73 loss in FY 2023) Full year 2024 results: HK$0.057 loss per share (improved from HK$0.73 loss in FY 2023). Revenue: HK$57.0m (down 27% from FY 2023). Net loss: HK$55.8m (loss narrowed 43% from FY 2023). Board Change • Apr 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Executive Chairman Alan Ong is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 30
Full year 2024 earnings released: HK$0.057 loss per share (vs HK$0.73 loss in FY 2023) Full year 2024 results: HK$0.057 loss per share (improved from HK$0.73 loss in FY 2023). Revenue: HK$57.0m (down 27% from FY 2023). Net loss: HK$55.8m (loss narrowed 43% from FY 2023). New Risk • Mar 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$20.7m (US$2.67m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 0.3% per year over the past 5 years. Market cap is less than US$10m (HK$20.7m market cap, or US$2.67m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Mar 18
GBA Holdings Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 GBA Holdings Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 New Risk • Jan 27
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 Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 0.3% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$109.4m market cap, or US$14.1m). Announcement • Jan 23
GBA Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 16.879392 million. GBA Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 16.879392 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 194,016,000
Price\Range: HKD 0.087
Discount Per Security: HKD 0.00609
Transaction Features: Subsequent Direct Listing Announcement • Jan 01
GBA Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 16.879392 million. GBA Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 16.879392 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 194,016,000
Price\Range: HKD 0.087
Discount Per Security: HKD 0.00609
Transaction Features: Subsequent Direct Listing New Risk • Dec 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.3% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (HK$153.3m market cap, or US$19.7m). Reported Earnings • Oct 02
First half 2024 earnings released: HK$0.025 loss per share (vs HK$0.031 loss in 1H 2023) First half 2024 results: HK$0.025 loss per share. Revenue: HK$29.4m (up 43% from 1H 2023). Net loss: HK$23.8m (loss widened 41% from 1H 2023). Announcement • Aug 20
GBA Holdings Limited to Report First Half, 2024 Results on Aug 30, 2024 GBA Holdings Limited announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • May 24
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 Risks Earnings have declined by 3.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (76% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$152.3m market cap, or US$19.5m). Announcement • Apr 28
GBA Holdings Limited, Annual General Meeting, Jun 07, 2024 GBA Holdings Limited, Annual General Meeting, Jun 07, 2024, at 11:00 China Standard Time. Location: 1/F, Function Room, 7-9 Minden Avenue, Tsimshatsui Kowloon Hong Kong Agenda: To receive, consider and adopt the audited consolidated financial statements of the Group, the reports of the directors (the "Directors") and the auditors for the year ended 31 December 2023; to consider re-appoint Baker Tilly Hong Kong Limited as auditors and to authorise the board (the "Board") of Directors to fix the remuneration of the auditors; and to transact such other business matters. Reported Earnings • Mar 30
Full year 2023 earnings released: HK$0.14 loss per share (vs HK$0.36 loss in FY 2022) Full year 2023 results: HK$0.14 loss per share (improved from HK$0.36 loss in FY 2022). Revenue: HK$78.4m (up 40% from FY 2022). Net loss: HK$98.4m (loss narrowed 44% from FY 2022). Announcement • Mar 19
GBA Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 GBA Holdings Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Announcement • Sep 23
GBA Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 50.234323 million. GBA Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 50.234323 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 189,339,360
Price\Range: HKD 0.12
Discount Per Security: HKD 0.0042
Security Name: Shares
Security Type: Common Stock
Securities Offered: 229,280,000
Price\Range: HKD 0.12
Discount Per Security: HKD 0.0042
Transaction Features: Rights Offering New Risk • Aug 29
New major risk - Revenue and earnings growth Earnings have declined by 6.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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$56m free cash flow). Earnings have declined by 6.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (116% increase in shares outstanding). Minor Risks Significant insider selling over the past 3 months (HK$3.0m sold). Market cap is less than US$100m (HK$130.1m market cap, or US$16.6m). New Risk • Aug 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 116% 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$56m free cash flow). Shareholders have been substantially diluted in the past year (116% increase in shares outstanding). Minor Risks Significant insider selling over the past 3 months (HK$3.0m sold). Market cap is less than US$100m (HK$126.1m market cap, or US$16.1m). Announcement • Aug 18
GBA Holdings Limited to Report First Half, 2023 Results on Aug 28, 2023 GBA Holdings Limited announced that they will report first half, 2023 results on Aug 28, 2023 Announcement • Jul 29
GBA Holdings Limited Announces Board and Committee Changes The board of directors of GBA Holdings Limited announced that Mr. Lau Yik Lok ("Mr. Lau") has resigned as an independent non-executive Director, the chairman of the remuneration committee of the Company (the "Remuneration Committee") and a member of each of the audit committee of the Company (the "Audit Committee") and the nomination committee of the Company (the "Nomination Committee") of the Company with effect from 28 July 2023 due to his other personal commitments. The Board announced that Ms. Chan Sheung Yu ("Ms. Chan") has been appointed as an independent non-executive Director with effect from 28 July 2023. Ms. Chan, aged 36, has been the committee director of Honest Buddha Temple C&E Charity Association Limited since March 2023 and the consultant of Impression Investment Limited since July 2023. Ms. Chan served as a partner of Traditional Chinese Medical Vision Cloud from March 2018 to February 2023. Ms. Chan worked in Harvest Group from March 2017 to August 2019 with her last position held as a business development manager. She also worked in Nanyang Commercial Bank from July 2014 to March 2017 with her last position held as an internal auditor. Ms. Chan is currently engaged in various positions, including serving as a member of the Standing Committee of Jiangsu Youth Federation, a member the Kowloon City Lung Tong Area Committee of the Home Affairs Department, a member of the Television and Radio Consultative Group of the Communications Authority, a member of the executive committee of The Y. Elites Association and the vice chairperson of JiangSu HK Youth Leaders Exchange Association. She was also a member of Kowloon City District Youth Programme Committee from 2019 to 2021 and a board member of Hong Kong Baiyun Association from 2017 to 2018. Ms. Chan graduated from Aston Business School in the United Kingdom with a master of science degree in Marketing Management in 2010 and a bachelor of science degree in Combined Honors Business with Mathematics in 2008. Ms. Chan is certified as an anti-money laundering specialist by the Association of Certified Anti-Money Laundering Specialists. The Board announced that Ms. Chan has been appointed as a chairman of the Remuneration Committee and a member of each of the Audit Committee and Nomination Committee with effect from 28 July 2023. Announcement • Jul 01
GBA Holdings Limited Appoints Ms. Lam Ka Lee as an Executive Director The board (the "Board") of directors (the "Director(s)") of GBA Holdings Limited announced that Ms. Lam Ka Lee ("Ms. Lam") has been appointed as an executive Director of the Company with effect from 30 June 2023. Ms. Lam, aged 39, received a Bachelor of Business (Accounting) degree in 2007 and a Diploma in Business Administration in 2004, both from Swinburne University of Technology. Ms. Lam has over 10 years of experience in business management, investment banking and operation control. In 2017, she passed the Principles and Practice of Insurance, General Insurance, Long Term Insurance, and Investment-linked Long Term Insurance examinations, as part of the Insurance Intermediaries Qualifying Examination. Ms. Lam worked as a trading support specialist at the Bank of America Merrill Lynch from June 2009 to October 2011. She then moved to Barclays Capital Asia Limited, working as an analyst from October 2011 to September 2012. Ms. Lam subsequently jointed ABN AMRO Clearing HK Limited, where she served as an operations officer from September 2012 to August 2016. From June 2016 to September 2019, Ms. Lam served as an executive Director of Huisheng International Holdings Limited. From October 2019 to November 2020, Ms. Lam served as the head of operations of Black Marble Securities Limited, a subsidiary of Lerado Financial Group Company Limited, which is listed on the Stock Exchange. Ms. Lam has been appointed as a freelance wealth management manager at AIA International Limited since February 2017. Ms. Lam is currently an independent director of Magic Empire Global Limited, a company listed on NASDAQ. New Risk • Jun 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$77.2m (US$9.85m) 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 Less than 1 year of cash runway based on free cash flow trend (-HK$56m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Market cap is less than US$10m (HK$77.2m market cap, or US$9.85m). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Significant insider selling over the past 3 months (HK$11m sold). Recent Insider Transactions • Apr 29
Insider recently sold HK$11m worth of stock On the 25th of April, Kar Yeung Chan sold around 21m shares on-market at roughly HK$0.50 per share. This transaction amounted to 13% 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$484m more than they bought in the last 12 months. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Executive Chairman Alan Ong is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Nov 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Executive Chairman Alan Ong is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Oct 01
GBA Holdings Limited Announces Board Changes The board of directors of GBA Holdings Limited announced that with effect from 30 September 2022, Mr. Tam King Ching, Kenny (Mr. Tam) has resigned as an independent non-executive director, and a member of each of the audit committee, the remuneration committee and the nomination committee of the company due to his personal commitments. The board announced that Mr. Lam Chi Keung (Mr. Lam) has been appointed as an independent non-executive director, and a member of each of the Audit committee, the remuneration committee and the nomination committee with effect from 30 September 2022. Mr. Lam, aged 52, has over 26 years of professional experience in accounting and financial management. He has held various senior accounting and advisory related positions in international accounting firms and listed companies. Mr. Lam obtained a bachelor degree of science in accounting from Brigham Young University-Hawaii in December 1996. He also obtained a master degree of science in e-commerce from the Chinese University of Hong Kong in December 2002. Mr. Lam is a fellow of the Hong Kong Institute of Certified Public Accountants and a member of the American Institute of Certified Public Accountants. Mr. Lam has been acting as a senior consultant at Frank Forensic and Corporate Recovery Limited since 2021. His career pertains to business consulting, corporate recovery and reorganization advisory and litigation support. Mr. Lam is currently an independent non-executive director of Universe Entertainment and Culture Group Company Limited and Nanfang Communication Holdings Limited. Mr. Lam has entered into a letter of appointment dated 30 September 2022 with the company. He is entitled to receive a director's remuneration of HKD 120,000 per annum, which is determined by the Board or its delegated committee with reference to his duties and responsibilities within the company as well as the prevailing market conditions. He has been appointed as an independent non-executive Director for an initial term of one year commencing from the date of appointment and his directorship in the company is subject to retirement by rotation and re-election at the next following annual general meeting of the company in accordance with the bye-laws of the company. Board Change • Sep 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. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Kenny Tam is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
First half 2022 earnings released: HK$0.008 loss per share (vs HK$0.017 loss in 1H 2021) First half 2022 results: HK$0.008 loss per share (up from HK$0.017 loss in 1H 2021). Revenue: HK$9.00m (down 53% from 1H 2021). Net loss: HK$14.0m (loss narrowed 56% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 58% per year, which means it is significantly lagging earnings. Announcement • Aug 19
GBA Holdings Limited to Report First Half, 2022 Results on Aug 30, 2022 GBA Holdings Limited announced that they will report first half, 2022 results on Aug 30, 2022 Announcement • Aug 02
GBA Holdings Limited Announces Executive Changes GBA Holdings Limited announced that Ms. Cheng Yuk Ching, Flora has resigned as an executive Director, the Deputy Chairman and a member of each of the Remuneration Committee and the Nomination Committee with effect from 1 August 2022. Mr. Chow Siu Ngor has resigned as an independent non-executive Director, the chairman of the Remuneration Committee and a member of each of the Audit Committee and Nomination Committee with effect from 1 August 2022. Mr. Yuk Kai Yao has been appointed as the Deputy Chairman and a member of each of the Remuneration Committee and the Nomination Committee with effect from 1 August 2022. Mr. Lau Yik Lok has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee with effect from 1 August 2022. Mr. Lau, aged 60, has been the managing director of Excellent Network Limited since 2010, a company principally engaged in providing professional immigration advisory services and talks, and assisting in processing applications to clients in the PRC, including themanagement of China's state-owned enterprises. Mr. Lau served as an independent non-executive director of Pak Wing Group (Holdings) Limited (currently named Quantong Holdings Limited) ("Pak Wing Group") (stock code:8316) from January 2017 to August 2018, a company listed on the GEM of the Stock Exchange. He has also been appointed as a non-executive director of Grand Talents Group Holdings Limited (stock code: 8516) from December 2017 to November 2019, a company listed on the GEM of the Stock Exchange. He also served as an executive director and a chief executive officer of Pak Wing Group from September 2020 to February 2021. Mr. Lau worked in JB Group from 2003 to 2009 with his last position held as Group consultant. He also worked in Asia Commercial Bank from September 2001 to August 2003 with his last position held as account manager and DBS (Hong Kong) from November 1993 to August 2001 with his last position held as assistant manager. He also worked in Standard Chartered Bank (Hong Kong) Limited from 1983 to 1989 with his last position held as supervisor. Mr. Chow had ceased to be a member of the Audit Committee, and Mr. Lau was appointed as a member of the Audit Committee. Mr. Chow and Ms. Cheng had ceased to be the chairman and the member of the Remuneration Committee respectively. Mr. Lau and Mr. Yuk Kai Yao ("Mr. Yuk" have been appointed as the chairman and the member of the Remuneration Committee respectively. Ms. Cheng and Mr. Chow had ceased to be the members of the Nomination Committee. Mr. Yuk and Mr. Lau have been appointed as the members of the Nomination Committee. Recent Insider Transactions • Jul 28
Executive Chairman recently sold HK$1.9m worth of stock On the 22nd of July, Chor Wei Ong sold around 22m shares on-market at roughly HK$0.085 per share. In the last 3 months, they made an even bigger sale worth HK$460m. Chor Wei has been a seller over the last 12 months, reducing personal holdings by HK$462m. Recent Insider Transactions • Jul 12
Executive Chairman recently sold HK$460m worth of stock On the 7th of July, Chor Wei Ong sold around 8b shares on-market at roughly HK$0.058 per share. This was the largest sale by an insider in the last 3 months. This was Chor Wei's only on-market trade for the last 12 months. Board Change • Jun 15
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. 3 non-independent directors. Independent Non-Executive Director Kenny Tam was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 11
GBA Holdings Limited Announces Board Changes GBA Holdings Limited announces that with effect from 10 June 2022, Mr. Lau Ho Kit, Ivan ("Mr. Lau") has resigned as an independent non-executive Director, the chairman of the audit committee (the "Audit Committee") and a member of each of the remuneration committee (the "Remuneration Committee") and the nomination committee (the "Nomination Committee") of the Company due to his personal commitments. The Board announce that Ms. Wu Wai Shan ("Ms. Wu") has been appointed as an independent non-executive Director, the chairman of the Audit Committee and a member of each of the Remuneration Committee and the Nomination Committee of the Company with effect from 10 June 2022. Ms. Wu, aged 34, is currently the Investor Relations Senior Manager of Beijing Enterprises Urban Resources Group Limited since April 2020 and she joined Beijing Enterprises as Investor Relations Manager and Assistant Finance Manager from June 2017 to January 2018 and as Investor Relations Manager from January 2018 to April 2020. She is responsible for formulating the investor relations strategies for the Company and conducting meetings with investors. Ms. Wu worked in Kong Sun Holdings Limited from August 2016 to May 2017 with her last position held as Assistant Finance Manager. She also worked in China Mobile Games and Entertainment Group (HK) Limited from September 2015 to August 2016 with her last position held as Assistant Finance Manager. She also worked in China Resources Enterprise, Limited from May 2014 to June 2015 with her last position held as Deputy Financial Accounting Manager. She also worked in RSM Nelson Wheeler from July 2010 to November 2013 with her last position held as Senior Accountant. Ms. Wu obtained a Bachelor of Business Administration in Accounting from Lingnan University in 2010. Ms. Wu was admitted as a member of the Hong Kong Institute of Certified Public Accountants since 2014. Ms. Wu has entered into a letter of appointment dated 10 June 2022 with the Company. She is entitled to receive a director's remuneration of HKD 120,000 per annum, which is determined by the Board or its delegated committee with reference to her duties and responsibilities within the Company as well as the prevailing market conditions. She has been appointed as an independent non-executive Director for an initial term of one year commencing from the date of appointment and her directorship in the Company is subject to retirement by rotation and re-election at the next following annual general meeting of the Company in accordance with the bye-laws of the Company. Announcement • Jun 02
GBA Holdings Limited Announces Executive Changes The board (the "Board") of directors (the "Director(s)") of GBA Holdings Limited announced that Mr. Ong Chor Wei ("Mr. Ong") has resigned as the Chief Executive Officer (the "CEO") of the Company with effect from 1 June 2022 and remains as an executive Director and the chairman of the Board. Mr. Ong has been an executive Director since 7 April 2022 and the chairman of the Board and the CEO since 20 May 2022. For the purpose of enhancing the corporate governance of the Group, Mr. Ong voluntarily resigned as the CEO with effect from 1 June 2022. The change of the CEO will enable the Company to comply with the code provision C.2.2 of separating the roles of the chairman of the Board and the CEO of the Company under the Corporate Governance Code as set out in Appendix 14 to the Rules Governing the Listing of Securities (the "Listing Rules") on the Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Mr. Ong and the Board have confirmed that they have no disagreement, and there is no matter relating to the resignation of the CEO of the Company that needs to be brought to the attention of the Stock Exchange and the shareholders of the Company. The Board further announces that Mr. Yuk Kai Yao ("Mr. Yuk"), an executive Director, has been appointed as the CEO of the Company in replacement of Mr. Ong with effect from 1 June 2022. Announcement • May 20
GBA Holdings Limited Appoints as an Executive Director GBA Holdings Limited announced that Mr. Yuk Kai Yao ("Mr. Yuk") has been appointed as an executive Director of the Company with effect from 19 May 2022. Mr. Yuk has been acting as a sales director of China Financial Services Holdings Limited (stock code: 605), a company listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") since January 2016. He is responsible for overseeing the group of China Financial Services Holdings Limited's Hong Kong sales teams and sales strategies and business development activities. Announcement • Apr 08
GBA Holdings Limited Announces Redesignation of Ong Chor Wei to Executive Director GBA Holdings Limited announced the redesignation of Mr. Ong Chor Wei from a non-executive director to an executive director of the Company with effect from 7 April 2022. Mr. Ong Chor Wei, aged 52, joined as a non-executive director of the Company on 3 January 2022. Mr. Ong is an executive director of Net Pacific Financial Holdings Limited and a non-executive director of Joyas International Holdings Limited. He is also an independent non-executive director of Nameson Holdings Limited. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: HK$0 (vs HK$0.001 loss in FY 2020) Full year 2021 results: EPS: HK$0 (up from HK$0.001 loss in FY 2020). Revenue: HK$469.0m (up 19% from FY 2020). Net loss: HK$60.0m (loss narrowed 46% from FY 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Mar 19
GBA Holdings Limited to Report Fiscal Year 2020 Results on Mar 30, 2021 GBA Holdings Limited announced that they will report fiscal year 2020 results on Mar 30, 2021 Reported Earnings • Sep 25
First half earnings released Over the last 12 months the company has reported total losses of HK$186.0m, with losses widening by 108% from the prior year. Total revenue was HK$466.0m over the last 12 months, up 44% from the prior year. Announcement • Aug 22
Greater Bay Area Investments Group Holdings Limited to Report First Half, 2020 Results on Aug 28, 2020 Greater Bay Area Investments Group Holdings Limited announced that they will report first half, 2020 results on Aug 28, 2020 Announcement • Jul 25
Greater Bay Area Investments Group Holdings Limited (SEHK:261) acquired a 19.8% stake in High Step Developments Limited from Estate Express Limited for approximately HKD 240 million. Greater Bay Area Investments Group Holdings Limited (SEHK:261) acquired a 19.8% stake in High Step Developments Limited from Estate Express Limited for approximately HKD 240 million on July 24, 2020. As part of the transaction, consideration shall be payable in cash by Greater Bay Area Investments Group Holdings Limited to Estate Express Limited on or before October 30, 2020. Greater Bay Area Investments Group Holdings Limited acquired 198 shares of High Step Developments Limited under the transaction. Greater Bay Area Investments Group Holdings Limited intends to fund the consideration from its internal resources. For the year ended December 31, 2019, High Step Developments Limited reported loss after tax of HKD 63.06 million and net asset value of HKD 277 million. Greater Bay Area Investments Group Holdings Limited will not have any right to nominate director to any member of High Step Developments Limited. However, Greater Bay Area Investments Group Holdings Limited can appoint one person to attend the board meetings of members of High Step Developments Limited as an observer.
Greater Bay Area Investments Group Holdings Limited (SEHK:261) completed the acquisition of a 19.8% stake in High Step Developments Limited from Estate Express Limited on July 24, 2020. 