New Risk • Sep 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. 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 Risks Share price has been highly volatile over the past 3 months (36% average weekly change). Negative equity (-HK$1.7m). Market cap is less than US$10m (HK$64.5m market cap, or US$8.30m). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Shareholders have been diluted in the past year (26% increase in shares outstanding). New Risk • Aug 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$64.5m (US$8.26m) 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 (44% average weekly change). Negative equity (-HK$1.7m). Market cap is less than US$10m (HK$64.5m market cap, or US$8.26m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). Board Change • Jun 30
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Dickson Chu was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jun 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$75.7m (US$9.64m) 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 (34% average weekly change). Negative equity (-HK$1.7m). Shareholders have been substantially diluted in the past year (78% increase in shares outstanding). Market cap is less than US$10m (HK$75.7m market cap, or US$9.64m). Announcement • Apr 04
China Silver Technology Holdings Limited Appoints Kam Kit as an Executive Director and the Chairman, Effective 3 April 2025 The board of directors of China Silver Technology Holdings Limited announced that on 3 April 2025, Mr. Kam Kit was appointed as an executive Director and the Chairman of the Company with immediate effect. Set out below are the biographical details of Mr. Kam: Mr. Kam Kit aged 45, obtained a bachelor's degree in economics and a graduate, diploma in commerce from The University of Sydney. Mr. Kam has previous experience in serving as a director and key management roles (including the roles of chairman and chief executive officer) in listed companies in Hong Kong. Announcement • Mar 08
China Silver Technology Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 22.6 million. China Silver Technology Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 22.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 226,000,000
Price\Range: HKD 0.1
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 02
Full year 2024 earnings released: HK$0.055 loss per share (vs HK$0.046 loss in FY 2023) Full year 2024 results: HK$0.055 loss per share (further deteriorated from HK$0.046 loss in FY 2023). Net loss: HK$52.9m (loss widened 70% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 31% per year whereas the company’s share price has fallen by 34% per year. Announcement • Feb 14
China Silver Technology Holdings Limited to Report Fiscal Year 2024 Results on Feb 28, 2025 China Silver Technology Holdings Limited announced that they will report fiscal year 2024 results on Feb 28, 2025 Announcement • Jan 17
China Silver Technology Holdings Limited Announces Resignation of Lai Yubin as Non-Executive Director and the Chairman The board of directors of China Silver Technology Holdings Limited announced that Mr. Lai Yubin (‘Mr. Lai’) has tendered his resignation as a non-executive Director and the Chairman of the Company due to his intention to focus on other business pursuits. On 17 January 2025, the Board resolved to accept Mr. Lai's resignation to take immediate effect. In his resignation letter (the ‘Resignation Letter’), Mr. Lai drew the Board's attention to the following matters (the ‘Matters’), namely, the facts that: he wanted to be released from the personal guarantee given by him in favour of certain creditor (the ‘First Loans Creditor’) in support of certain loans of the Group (the ‘First Loans’) in the total principal amount of up to RMB 20 million which has past due on 15 July 2023 and have remained outstanding as to RMB 10 million in principal and certain alleged interest; and he wanted the Company's subsidiary (the ‘Second Loan Borrower’) to immediately repay to him an interest-bearing loan of HKD 1 million owed to him (the ‘Second Loan’) which has past due on 15 August 2024 and has remained outstanding as to certain alleged principal and interest. In his Resignation Letter, Mr. Lai stated that save and except the Matters, he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. Announcement • Jan 14
China Silver Technology Holdings Limited Announces Board and Committee Changes The board (the "Board") of directors (the "Directors") of China Silver Technology Holdings Limited (the " Company ") announced that Mr. Bonathan Wai Ka Cheung ("Mr. Cheung") has tendered his resignation as an independent non-executive Director and a member of the Audit Committee, the Remuneration Committee, the Nomination Committee and the Compliance Committee of the Company with effect from 13 January 2025, due to his intention to focus on other business commitments. The Board announces that with effect from Mr. Cheung's resignation on 13 January 2025, Mr. Wong Kwok On, an independent non-executive Director, was appointed as a member of the Remuneration Committee, the Nomination Committee and the Compliance Committee of the Company. New Risk • Dec 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 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 Risks Less than 1 year of cash runway based on free cash flow trend (-HK$108m free cash flow). Shareholders have been substantially diluted in the past year (69% increase in shares outstanding). Market cap is less than US$10m (HK$48.7m market cap, or US$6.28m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Significant insider selling over the past 3 months (HK$13m sold). Board Change • Nov 20
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. 5 non-independent directors. Independent Non-Executive Director Dickson Chu was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 16
China Silver Technology Holdings Limited Announces Changes of Directors and Authorised Representative The board of directors of China Silver Technology Holdings Limited announced that on 15 November 2024, Mr. Wang Bing was appointed as an executive Director of the Company with immediate effect. Mr. Wang Bing, aged 37, obtained a bachelor's degree in Business Administration (International Trading) from Sangmyung University in Korea in 2013, and a master degree in Business Administration from Hansung University in Korea in 2016. Prior to joining the Group, Mr. Wang has occupied key management role in an enterprise in Korea which is engaged in wholesale, retail, import and export of consumer products. The Board announced that Mr. Zeng Yongguang tendered his resignation as an executive Director of the Company with effect from 15 November 2024, due to his intention to focus on his other business pursuits and commitments. Mr. Zeng confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the Shareholders. The Board announced that upon Mr. Zeng 's resignation with effect from 15 November 2024, Mr. Guo Jun Hao, an executive Director of the Company, replaced Mr. Zeng as (i) an authorised representative of the Company under Rule 3.05 of the Listing Rules; and an authorised representative of the Company for the service of any process and notice in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong). New Risk • Oct 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$73.7m (US$9.48m) 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$108m free cash flow). Shareholders have been substantially diluted in the past year (69% increase in shares outstanding). Market cap is less than US$10m (HK$73.7m market cap, or US$9.48m). Minor Risk Share price has been volatile over the past 3 months (18% average weekly change). Reported Earnings • Oct 02
First half 2024 earnings released: HK$0.019 loss per share (vs HK$0.019 loss in 1H 2023) First half 2024 results: HK$0.019 loss per share (in line with 1H 2023). Revenue: HK$25.5m (down 77% from 1H 2023). Net loss: HK$15.0m (loss widened 21% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Sep 07
China Silver Technology Holdings Limited Appoints Chu Pui Ki Dickson as an Independent Non-Executive Director, the Chairman of the Audit Committee and the Compliance Committee, and A Member of the Remuneration Committee and the Nomination Committee The board of directors of China Silver Technology Holdings Limited announced that on 6 September 2024, Mr. Chu Pui Ki Dickson was appointed as an independent non-executive Director, the chairman of the audit committee and the compliance committee, and a member of the remuneration committee and the nomination committee of the Company, in each case with immediate effect. Mr. Chu Pui Ki Dickson aged 39, holds a Bachelor of Business Administration (Honours) degree from Hong Kong Baptist University. He is a member of the Hong Kong Institute of Certified Public Accountants, and has auditing experience working in an audit firm and accounting experience working in managerial position at a listed company prior to joining the Company. Announcement • Sep 05
China Silver Technology Holdings Limited Announces Resignation of Po in San as Independent Non-Executive Director, the Chairman of the Audit Committee and the Compliance Committee, and A Member of the Remuneration Committee and Nomination Committee China Silver Technology Holdings Limited announced that Ms. Po In San ("Ms. Po") tendered her resignation as an independent non-executive Director, the chairman of the audit committee and the compliance committee, and a member of the remuneration committee and nomination committee of the Company with effect from 31 August 2024. New Risk • Aug 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -HK$31m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$31m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (69% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$117.9m market cap, or US$15.1m). Announcement • Aug 20
China Silver Technology Holdings Limited to Report First Half, 2024 Results on Aug 30, 2024 China Silver Technology Holdings Limited announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • Aug 02
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 14% 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 (14% average weekly change). Shareholders have been substantially diluted in the past year (69% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$119.0m market cap, or US$15.2m). New Risk • Jul 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 69% 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 Risk Shareholders have been substantially diluted in the past year (69% 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$119.0m market cap, or US$15.2m). Announcement • Jun 27
China Silver Technology Holdings Limited Retires Xu Ming as Executive Director China Silver Technology Holdings Limited announced that Xu Ming retired as an executive Director at the conclusion of the AGM on 26 June 2024. Announcement • Jun 01
China Silver Technology Holdings Limited Announces Resignation of Kong Chan Fai as an Executive Director and Vice-Chairman The board of directors of China Silver Technology Holdings Limited announced that Mr. Kong Chan Fai tendered his resignation as an executive Director and Vice-Chairman of the Company with effect from 31 May 2024, due to his intention to concentrate on his own business. Announcement • May 31
China Silver Technology Holdings Limited, Annual General Meeting, Jun 26, 2024 China Silver Technology Holdings Limited, Annual General Meeting, Jun 26, 2024, at 10:30 China Standard Time. Location: unit e, 30/f., tower b, billion centre, 1 wang kwong road, kowloon bay, kowloon Hong Kong Announcement • Apr 20
China Silver Technology Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 35.64 million. China Silver Technology Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 35.64 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 330,000,000
Price\Range: HKD 0.108
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 30
Full year 2023 earnings released: HK$0.046 loss per share (vs HK$0.064 loss in FY 2022) Full year 2023 results: HK$0.046 loss per share (improved from HK$0.064 loss in FY 2022). Revenue: HK$262.1m (flat on FY 2022). Net loss: HK$31.0m (loss narrowed 24% from FY 2022). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Announcement • Mar 16
China Silver Technology Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 China Silver Technology Holdings Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Announcement • Feb 29
China Silver Technology Holdings Limited Appoints Po in San as Independent Non-Executive Director, Chairman of the Audit Committee and the Compliance Committee, and A Member of the Remuneration Committee and the Nomination Committee the Board of Directors of China Silver Technology Holdings Limited announced that on 28 February 2024, Ms. Po In San was appointed as an independent non-executive Director ("INED"), the chairman of the audit committee (the "Audit Committee") and the compliance committee, and a member of the remuneration committee (the "Remuneration Committee") and the nomination committee of the Company (the "Nomination Committee"), in each case with immediate effect. Ms. Po In San aged 29, holds a Bachelor of Business Administration (Honours) from Hang Seng Management College (now known as The Hang Seng University of Hong Kong). She is a member of the Hong Kong Institute of Certified Public Accountants, and has accounting experience working in managerial positions at listed companies prior to joining the Company. New Risk • Feb 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$106.8m market cap, or US$13.7m). Announcement • Feb 01
China Silver Technology Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 13.3883 million. China Silver Technology Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 13.3883 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 133,883,000
Price\Range: HKD 0.1
Transaction Features: Subsequent Direct Listing New Risk • Oct 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 14% 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 Less than 1 year of cash runway based on free cash flow trend (-HK$155m free cash flow). Market cap is less than US$10m (HK$56.9m market cap, or US$7.27m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Reported Earnings • Aug 28
First half 2023 earnings released: HK$0.019 loss per share (vs HK$0.031 loss in 1H 2022) First half 2023 results: HK$0.019 loss per share (improved from HK$0.031 loss in 1H 2022). Revenue: HK$111.1m (down 42% from 1H 2022). Net loss: HK$12.4m (loss narrowed 34% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. New Risk • Aug 26
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -HK$196m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$196m free cash flow). Market cap is less than US$10m (HK$53.6m market cap, or US$6.83m). Announcement • Aug 15
China Silver Technology Holdings Limited to Report First Half, 2023 Results on Aug 25, 2023 China Silver Technology Holdings Limited announced that they will report first half, 2023 results on Aug 25, 2023 Announcement • May 25
China Silver Technology Holdings Limited, Annual General Meeting, Jun 30, 2023 China Silver Technology Holdings Limited, Annual General Meeting, Jun 30, 2023. Agenda: To consider to adopt the amended and restated memorandum and articles of association of the Company containing the Proposed Amendments in substitution for and to the exclusion of the Existing M&A in its entirety. Reported Earnings • Mar 26
Full year 2022 earnings released: HK$0.064 loss per share (vs HK$0.007 loss in FY 2021) Full year 2022 results: HK$0.064 loss per share (further deteriorated from HK$0.007 loss in FY 2021). Revenue: HK$260.2m (down 31% from FY 2021). Net loss: HK$41.1m (loss widened HK$37.1m from FY 2021). 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 21% per year, which means it is significantly lagging earnings. Announcement • Feb 16
China Silver Technology Holdings Limited announced that it expects to receive HKD 15.26232 million in funding China Silver Technology Holdings Limited announced that it has entered into a convertible bonds subscription agreement for a private placement of convertible bonds for gross proceeds of HKD 15,262,320 on February 15, 2023. The transaction will include participation from Union Insurance Limited and Wang Shuang for HKD 7,631,160 each. The bonds will carry fixed interest rate of 8% per annum. The bondholder will have the right to convert the whole or part of the principal amount of the convertible bonds into conversion shares at the conversion price at any time during the conversion period provided that in exercising the conversion rights attaching to the convertible bonds. The initial conversion price of HKD 0.114 per conversion share. An aggregate of 133,880,000 conversion shares will be allotted and issued by the company upon the exercise in full of the conversion rights attaching to the convertible bonds. The subscription agreements shall be subject to and conditional upon: (i) the company having obtained the approval from the Stock Exchange for the listing of, and permission to deal in, the conversion shares, and such approval not having been revoked or cancelled prior to completion; and (ii) all necessary consents, approvals, reports and filings (if applicable) in respect of the entering into and the performance of the subscription agreements by the company, whether required by government or regulatory authorities or other third parties having been obtained. The company will receive net proceeds of HKD 15,000,000. 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, 1 was an independent director. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Yumei Qiu was the last independent director to join the board, commencing their role in 2020. 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 • Aug 20
First half 2022 earnings released: HK$0.03 loss per share (vs HK$0.024 loss in 1H 2021) First half 2022 results: HK$0.03 loss per share (down from HK$0.024 loss in 1H 2021). Revenue: HK$190.2m (down 21% from 1H 2021). Net loss: HK$18.7m (loss widened 40% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Aug 11
China Silver Technology Holdings Limited to Report First Half, 2022 Results on Aug 19, 2022 China Silver Technology Holdings Limited announced that they will report first half, 2022 results on Aug 19, 2022 Announcement • May 31
China Silver Technology Holdings Limited Appointment of Liang Jiaxin as Executive Director The board (the "Board") of directors (the "Directors") of China Silver Technology Holdings Limited (the "Company", which together with its subsidiaries is collectively referred to as the "Group") announced that on 30 May 2022, Ms. Liang Jiaxin ("Ms. Liang") was appointed as an executive Director of the Company with immediate effect. Ms. Liang Jiaxin aged 27, has experience working on investment projects with a financial investment holding company in Shenzhen, China prior to joining the Group. Ms. Liang studied correspondence college degree in accountancy at Southwest University, China. There is no service contract or fixed term of service between the Company and Ms. Liang. Her appointment is subject to retirement and re-election at general meeting pursuant to the Articles of Association of the Company. Ms. Liang is entitled to director's remuneration of HKD 20,000 per month, which was determined by the Board following the recommendation of the remuneration committee of the Company, taking into account Ms. Liang's skill, knowledge and experience and her duties and responsibilities with the Company. Ms. Liang confirmed to the Company that save as disclosed above, as at the date of this announcement: (a) she does not hold, and has not in the last three years held, any directorship in other public listed companies in Hong Kong or overseas; (b) she does not hold any other positions in the Group; (c) she does not have any relationships with any other directors, senior management, substantial shareholders or controlling shareholders of the Company; (d) she does not have any interest in the shares of the Company (within the meaning of Part XV of the Securities and Futures Ordinance). Announcement • May 13
China Silver Technology Holdings Limited announced that it has received HKD 27.184 million in funding On May 12, 2022, China Silver Technology Holdings Limited closed the transaction. The company issued 271,840,000 subscriptions shares in the transaction. Board Change • Apr 27
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. 7 non-independent directors. Independent Non-Executive Director Yumei Qiu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 29
Full year 2021 earnings released: HK$0.001 loss per share (vs HK$0.027 loss in FY 2020) Full year 2021 results: HK$0.001 loss per share (up from HK$0.027 loss in FY 2020). Revenue: HK$375.4m (up 58% from FY 2020). Net loss: HK$3.94m (loss narrowed 95% from FY 2020). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Feb 18
China Silver Technology Holdings Limited announced that it expects to receive HKD 28.6 million in funding China Silver Technology Holdings Limited announced that it has entered into a subscription agreement for private placement of 286,000,000 shares at HKD 0.10 per share for gross proceeds of HKD 28,600,000 on February 17, 2022. The transaction will include participation from not less than six investors. The shares issued will be subject to a hold period of 1 year from the date of issue. The completion of the transaction is subject to the Stock Exchange approval. The company received net proceeds of HKD 28,400,000. Reported Earnings • Sep 22
First half 2021 earnings released: HK$0.005 loss per share (vs HK$0.011 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: HK$240.6m (up 137% from 1H 2020). Net loss: HK$13.3m (loss narrowed 56% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 23
First half 2021 earnings released: HK$0.005 loss per share (vs HK$0.011 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: HK$240.6m (up 137% from 1H 2020). Net loss: HK$13.3m (loss narrowed 56% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 28
Full year 2020 earnings released: HK$0.027 loss per share (vs HK$0.039 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: HK$237.6m (down 13% from FY 2019). Net loss: HK$74.4m (loss narrowed 28% from FY 2019). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Mar 19
China Silver Technology Holdings Limited Provides Group Earnings Guidance for the Year Ended 31 December 2020 China Silver Technology Holdings Limited provided Group earnings guidance for the year ended 31 December 2020. The board of directors of China Silver Technology Holdings Limited (formerly known as TC Orient Lighting Holdings Limited) (the "Company") informed the shareholders of the Company ("Shareholders") and potential investors that based on the preliminary review of the unaudited management accounts (the "Management Accounts") of the Company and its subsidiaries (the "Group") and information available to the Company, the Group is expected to record (i) a slight decrease in the turnover for the year ended 31 December 2020 ("FY2020") by approximately 10-15% as compared to the year ended 31 December 2019 ("FY2019"). Announcement • Mar 17
China Silver Technology Holdings Limited to Report Fiscal Year 2020 Results on Mar 26, 2021 China Silver Technology Holdings Limited announced that they will report fiscal year 2020 results on Mar 26, 2021 Recent Insider Transactions • Dec 03
Insider recently bought HK$2.8m worth of stock On the 27th of November, Jiang Jianjun bought around 42m shares on-market at roughly HK$0.065 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$3.0m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 25
Insider recently bought HK$282k worth of stock On the 19th of November, Jiang Jianjun bought around 4m shares on-market at roughly HK$0.065 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 • Sep 23
First half earnings released Over the last 12 months the company has reported total losses of HK$91.5m, with losses narrowing by 26% from the prior year. Total revenue was HK$245.1m over the last 12 months, down 13% from the prior year. Announcement • Sep 02
China Silver Technology Holdings Limited announced that it expects to receive HKD 54.36 million in funding China Silver Technology Holdings Limited (SEHK:515) announced that it has entered into a subscription agreement for private placement of 543,600,000 shares at HKD 0.10 per share for gross proceeds of HKD 54,360,000 on April 28, 2020. The shares represents 20.00% of the existing issued share capital and approximately 16.67% of the issued share capital of the company. The transaction will include participation from not less than six investors. None of the investors is subscribing 5% or more of the total issued share capital of the company as enlarged by the subscriptions. The transaction is not subject to the approval of the shareholders of the company. The shares issued will be subject to a hold period of six months from the date of issue. The completion of the transaction is subject to the Stock Exchange granting or agreeing to grant the listing of the shares being issued in the transaction. If the above condition is not fulfilled by July 28, 2020, then the agreement shall lapse and become null and void. However, if the condition is fulfilled then the completion of the transaction shall take place within three days after the day on which the condition precedent is satisfied. Announcement • Aug 12
China Silver Technology Holdings Limited to Report First Half, 2020 Results on Aug 21, 2020 China Silver Technology Holdings Limited announced that they will report first half, 2020 results on Aug 21, 2020