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 19% 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 (19% average weekly change). Negative equity (-HK$4.2m). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (HK$249.6m market cap, or US$31.9m). New Risk • Jan 23
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). Negative equity (-HK$4.2m). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (HK$466.6m market cap, or US$59.8m). Board Change • Dec 22
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. 1 highly experienced director. Executive Director Xiaoqi Wang is the most experienced director on the board, commencing their role in 2015. 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 • Nov 30
First half 2026 earnings released: EPS: HK$0.008 (vs HK$0.003 loss in 1H 2025) First half 2026 results: EPS: HK$0.008 (up from HK$0.003 loss in 1H 2025). Revenue: HK$21.9m (flat on 1H 2025). Net income: HK$11.2m (up HK$15.7m from 1H 2025). Profit margin: 51% (up from net loss in 1H 2025). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 20% per year. Announcement • Nov 14
City Coolxuan Company Limited to Report First Half, 2026 Results on Nov 28, 2025 City Coolxuan Company Limited announced that they will report first half, 2026 results on Nov 28, 2025 Announcement • Aug 26
Hong Kong Coolxuan Group Company Limited completed the acquisition of 72.64% stake in Quantum Thinking Limited (SEHK:8050) from Chan Foo Wing. Hong Kong Coolxuan Group Company Limited signed share purchase agreement to acquire 72.64% stake in Quantum Thinking Limited (SEHK:8050) from Chan Foo Wing for HKD 56.29 million on August 18, 2025. A cash consideration of HKD 56.29 million valued at HKD 0.05714 per share will be paid by Hong Kong Coolxuan Group Company Limited. Hong Kong Coolxuan Group Company Limited will acquire remaining 27.33% through tender offer. Consideration of HKD 53.3 million will be paid through internal resources.
Hong Kong Coolxuan Group Company Limited completed the acquisition of 72.64% stake in Quantum Thinking Limited (SEHK:8050) from Chan Foo Wing. All conditions have been fulfilled. As result of this acquisition, Hong Kong Coolxuan Group Company Limited holds 72.64% stake and Chan Foo Wing no longer holds any stake in Quantum Thinking Limited. Announcement • Aug 19
Hong Kong Coolxuan Group Company Limited signed share purchase agreement to acquire 72.64% stake in Quantum Thinking Limited (SEHK:8050) from Chan Foo Wing for HKD 56.29 million. Hong Kong Coolxuan Group Company Limited signed share purchase agreement to acquire 72.64% stake in Quantum Thinking Limited (SEHK:8050) from Chan Foo Wing for HKD 56.29 million on August 18, 2025. A cash consideration of HKD 56.29 million valued at HKD 0.05714 per share will be paid by Hong Kong Coolxuan Group Company Limited. Hong Kong Coolxuan Group Company Limited will acquire remaining 27.33% through tender offer. Consideration of HKD 53.3 million will be paid through internal resources. Announcement • Jul 10
Quantum Thinking Limited, Annual General Meeting, Sep 01, 2025 Quantum Thinking Limited, Annual General Meeting, Sep 01, 2025, at 11:00 China Standard Time. Location: 29/f, the gateway, tower 5, harbour city, 15 canton road, tsim sha tsui., kowloon Hong Kong Reported Earnings • Jun 21
Full year 2025 earnings released: HK$0.01 loss per share (vs HK$0.005 profit in FY 2024) Full year 2025 results: HK$0.01 loss per share (down from HK$0.005 profit in FY 2024). Revenue: HK$39.6m (up 145% from FY 2024). Net loss: HK$13.4m (down 303% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. New Risk • Jun 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-HK$7.0m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Negative equity (-HK$6.3m). Minor Risks Revenue is less than US$5m (HK$30m revenue, or US$3.8m). Market cap is less than US$100m (HK$212.9m market cap, or US$27.1m). Announcement • Jun 09
Quantum Thinking Limited to Report Fiscal Year 2025 Final Results on Jun 20, 2025 Quantum Thinking Limited announced that they will report fiscal year 2025 final results on Jun 20, 2025 Reported Earnings • Dec 03
First half 2025 earnings released: HK$0.003 loss per share (vs HK$0.009 profit in 1H 2024) First half 2025 results: HK$0.003 loss per share (down from HK$0.009 profit in 1H 2024). Revenue: HK$21.9m (up 164% from 1H 2024). Net loss: HK$4.50m (down 135% from profit in 1H 2024). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. New Risk • Nov 30
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$7.0m 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$7.0m free cash flow). Negative equity (-HK$6.3m). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Revenue is less than US$5m (HK$30m revenue, or US$3.8m). Market cap is less than US$100m (HK$179.0m market cap, or US$23.0m). Board Change • Nov 28
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Executive Director Ching Ho was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 16
Quantum Thinking Limited to Report First Half, 2025 Results on Nov 29, 2024 Quantum Thinking Limited announced that they will report first half, 2025 results on Nov 29, 2024 Announcement • Jul 12
Quantum Thinking Limited, Annual General Meeting, Aug 09, 2024 Quantum Thinking Limited, Annual General Meeting, Aug 09, 2024, at 11:30 China Standard Time. Location: 29/f, the gateway, tower 5, harbour city, 15 canton road, tsim sha tsui, kowloon, Hong Kong Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Executive Director Ching Ho was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 22
New major risk - Negative shareholders equity The company has negative equity. Total equity: -HK$1.7m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-HK$1.7m). Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (HK$16m revenue, or US$2.1m). Market cap is less than US$100m (HK$198.0m market cap, or US$25.4m). Reported Earnings • Jun 22
Full year 2024 earnings released: EPS: HK$0.005 (vs HK$0.007 loss in FY 2023) Full year 2024 results: EPS: HK$0.005 (up from HK$0.007 loss in FY 2023). Revenue: HK$16.2m (down 12% from FY 2023). Net income: HK$6.60m (up HK$16.7m from FY 2023). Profit margin: 41% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. New Risk • Jun 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Large one-off items impacting financial results. Revenue is less than US$5m (HK$17m revenue, or US$2.1m). Market cap is less than US$100m (HK$173.6m market cap, or US$22.2m). New Risk • Feb 21
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 10% 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: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Revenue is less than US$5m (HK$17m revenue, or US$2.1m). Market cap is less than US$100m (HK$282.1m market cap, or US$36.1m). Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: HK$0.012 (vs HK$0.002 loss in 2Q 2023) Second quarter 2024 results: EPS: HK$0.012 (up from HK$0.002 loss in 2Q 2023). Revenue: HK$5.05m (up 4.0% from 2Q 2023). Net income: HK$16.1m (up HK$19.3m from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Announcement • Oct 28
Quantum Thinking Limited to Report First Half, 2024 Results on Nov 14, 2023 Quantum Thinking Limited announced that they will report first half, 2024 results on Nov 14, 2023 Reported Earnings • Aug 13
First quarter 2024 earnings released: HK$0.002 loss per share (vs HK$0.002 loss in 1Q 2023) First quarter 2024 results: HK$0.002 loss per share (in line with 1Q 2023). Revenue: HK$3.22m (down 38% from 1Q 2023). Net loss: HK$3.33m (loss widened 5.1% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Aug 03
Quantum Thinking Limited to Report Q1, 2024 Results on Aug 11, 2023 Quantum Thinking Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Announcement • Jun 27
Quantum Thinking Limited, Annual General Meeting, Aug 01, 2023 Quantum Thinking Limited, Annual General Meeting, Aug 01, 2023, at 14:00 China Standard Time. Location: 29/F, The Gateway, Tower 5, Harbour City, 15 Canton Road, Tsim Sha Tsui Kowloon Hong Kong Agenda: To receive and consider the audited consolidated financial statements and the reports of the directors and the auditor of the Company for the financial year ended 31 March 2023; to elect directors; and to discuss other matters. New Risk • Jun 15
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -HK$14m This is considered a minor 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 Risk Negative equity (-HK$13m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-HK$14m). Revenue is less than US$5m (HK$18m revenue, or US$2.3m). Market cap is less than US$100m (HK$206.2m market cap, or US$26.3m). Reported Earnings • Jun 14
Full year 2023 earnings released: HK$0.007 loss per share (vs HK$0.013 loss in FY 2022) Full year 2023 results: HK$0.007 loss per share (improved from HK$0.013 loss in FY 2022). Revenue: HK$18.3m (down 44% from FY 2022). Net loss: HK$10.1m (loss narrowed 44% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Jun 01
Quantum Thinking Limited Announces Resignation of Cai Dan as Executive Director Quantum Thinking Limited announced that Mr. Cai Dan has resigned as an executive Director with effect from 31 May 2023, due to his wish to devote more time on his other personal endeavours. Mr. Cai has confirmed that he does not have any disagreement with the Board and that there is no matter relating to his resignation which needs to be brought to the attention of the shareholders of the Company. Announcement • May 31
Quantum Thinking Limited to Report Fiscal Year 2023 Final Results on Jun 13, 2023 Quantum Thinking Limited announced that they will report fiscal year 2023 final results at 4:00 PM, China Standard Time on Jun 13, 2023 Reported Earnings • Feb 15
Third quarter 2023 earnings released: HK$0.003 loss per share (vs HK$0.004 loss in 3Q 2022) Third quarter 2023 results: HK$0.003 loss per share (improved from HK$0.004 loss in 3Q 2022). Revenue: HK$4.40m (down 48% from 3Q 2022). Net loss: HK$4.37m (loss narrowed 17% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Jan 28
Quantum Thinking Limited to Report Q3, 2023 Results on Feb 14, 2023 Quantum Thinking Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 17
Second quarter 2023 earnings released: HK$0.002 loss per share (vs HK$0.004 loss in 2Q 2022) Second quarter 2023 results: HK$0.002 loss per share (improved from HK$0.004 loss in 2Q 2022). Revenue: HK$4.86m (down 54% from 2Q 2022). Net loss: HK$3.15m (loss narrowed 42% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Board Change • Nov 16
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 Kin Kee Wong was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 14
First quarter 2023 earnings released: HK$0.002 loss per share (vs HK$0.004 loss in 1Q 2022) First quarter 2023 results: HK$0.002 loss per share (up from HK$0.004 loss in 1Q 2022). Revenue: HK$5.17m (down 47% from 1Q 2022). Net loss: HK$3.17m (loss narrowed 38% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jul 30
Quantum Thinking Limited to Report Q1, 2023 Results on Aug 11, 2022 Quantum Thinking Limited announced that they will report Q1, 2023 results on Aug 11, 2022 Announcement • Jun 30
Quantum Thinking Limited, Annual General Meeting, Aug 01, 2022 Quantum Thinking Limited, Annual General Meeting, Aug 01, 2022, at 14:00 China Standard Time. Location: 29/F, The Gateway, Tower 5 Harbour City Hong Kong Agenda: To consider the audited consolidated financial statements and the reports of the directors and the auditor of the Company for the financial year ended 31 March 2022; to re-election of Mr. Wang Xiaoqi, Mr. Ho Yeung, Mr. Lau Chor Ki as directors of the Company; to authorize the board of directors of the Company to fix the remuneration of the directors of the Company;to re-appoint UniTax Prism (HK) CPA Limited as the auditor of the Company and to authorise the board of directors of the Company to fix their remuneration; and such other business issues. Reported Earnings • Jun 21
Full year 2022 earnings released: HK$0.013 loss per share (vs HK$0.012 profit in FY 2021) Full year 2022 results: HK$0.013 loss per share (down from HK$0.012 profit in FY 2021). Revenue: HK$32.8m (down 21% from FY 2021). Net loss: HK$18.2m (down 209% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Jun 04
Quantum Thinking Limited Provides Earnings Guidance for the Year Ended March 31, 2022 Quantum Thinking Limited provided earnings guidance for the year ended March 31, 2022. For the period, he Group is expected to record a loss attributable to owners of the company of approximately HKD 10,579,000 for the Reporting Period as compared with the profit attributable to owners of the Company of approximately HKD 28,413,000 for the year ended March 31, 2021. Announcement • Jun 02
Quantum Thinking Limited to Report Fiscal Year 2022 Results on Jun 15, 2022 Quantum Thinking Limited announced that they will report fiscal year 2022 results on Jun 15, 2022 Board Change • Apr 27
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 Kin Kee Wong was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 15
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: HK$0.004 loss per share (vs HK$0.004 loss in 3Q 2021). Revenue: HK$8.51m (down 16% from 3Q 2021). Net loss: HK$5.23m (loss narrowed 2.0% from 3Q 2021). Revenue was in line with analyst estimates. 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 10% per year, which means it is significantly lagging earnings. Announcement • Feb 10
Quantum Thinking Limited Provides Earnings Consolidated Guidance for the Nine Months Ended 31 December 2021 Quantum Thinking Limited provided earnings consolidated guidance for the nine months ended 31 December 2021. The group is expected to record a loss attributable to owners of the company of approximately HKD 15,769,000 for the reporting period as compared with the profit attributable to owners of the company of approximately HKD 20,230,000 for the corresponding period in 2020. Reported Earnings • Nov 15
Second quarter 2022 earnings released: HK$0.004 loss per share (vs HK$0.022 profit in 2Q 2021) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: HK$10.5m (up 3.2% from 2Q 2021). Net loss: HK$5.43m (down 118% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
First quarter 2022 earnings released: HK$0.004 loss per share (vs HK$0.003 loss in 1Q 2021) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2022 results: Revenue: HK$9.78m (down 4.5% from 1Q 2021). Net loss: HK$5.11m (loss widened 22% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 30
Full year 2021 earnings released: EPS HK$0.012 (vs HK$0.02 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$41.2m (up 55% from FY 2020). Net income: HK$16.7m (up HK$43.4m from FY 2020). Profit margin: 41% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 12
Full year 2021 earnings released: EPS HK$0.012 (vs HK$0.02 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$41.2m (up 55% from FY 2020). Net income: HK$16.7m (up HK$43.4m from FY 2020). Profit margin: 41% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Mar 03
Quantum Thinking Limited Announces Appointment of Cai Dan as Executive Director and Chief Technology Officer The Board of Quantum Thinking Limited announced that Mr. Cai Dan has been appointed as an executive Director and chief technology officer of the company with effect from 1 March 2021. Mr. Cai, aged 43, has been the chief technology officer and a director of Shenzhen CITIC Cyber Security Authentication Co. Ltd. an indirect non-wholly owned subsidiary of the company, since October 2017 and January 2021 respectively. Is New 90 Day High Low • Feb 12
New 90-day high: HK$0.79 The company is up 39% from its price of HK$0.57 on 13 November 2020. The Hong Kong market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 21% over the same period. Reported Earnings • Feb 11
Third quarter 2021 earnings released: HK$0.004 loss per share (vs HK$0.005 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: HK$10.1m (up 7.9% from 3Q 2020). Net loss: HK$5.34m (loss narrowed 18% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Jan 28
Quantum Thinking Limited to Report Nine Months, 2021 Results on Feb 10, 2021 Quantum Thinking Limited announced that they will report nine months, 2021 results on Feb 10, 2021 Reported Earnings • Nov 15
Second quarter 2021 earnings released: EPS HK$0.022 Second quarter 2021 results: Revenue: HK$10.2m (up 125% from 2Q 2020). Net income: HK$29.8m (up HK$36.9m from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 05
New 90-day high: HK$0.40 The company is up 73% from its price of HK$0.23 on 07 August 2020. The Hong Kong market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 42% over the same period. Announcement • Nov 01
Quantum Thinking Limited to Report First Half, 2021 Results on Nov 13, 2020 Quantum Thinking Limited announced that they will report first half, 2021 results on Nov 13, 2020 Announcement • Aug 24
Liu Jingjing acquired 90% stake in Huatian Internet Technology Co Ltd from Quantum Thinking Limited (SEHK:8050) for HKD 0.05 million Liu Jingjing acquired 90% stake in Huatian Internet Technology Co Ltd from Quantum Thinking Limited (SEHK:8050) for HKD 0.05 million on August 19, 2020. Under the terms of agreement, Liu Jingjing will pay by way of cash, cheque, cashier order. Liu Jingjing is the chairman of the board of director, manager and legal representative of Huatian Internet Technology and the chairman of the board of director and legal representative of Beijing Huaqin Tiandi Technology. Upon Completion, the Target Group would no longer be a subsidiary of the Group and the financial results of the Target Group would cease to be consolidated in the consolidated financial statements of the Group. As of June 31, 2020, Huatian Internet Technology had net liabilities as HKD 69.2 million. Completion is not subject to any conditions and shall take place simultaneously upon signing of the Sale and Purchase Agreement. The board further announces that Completion has taken place as at the date of this announcement. The Group currently intends to use the net proceeds as its general working capital.
Liu Jingjing completed the acquisition of 90% stake in Huatian Internet Technology Co Ltd from Quantum Thinking Limited (SEHK:8050) on August 19, 2020. Announcement • Aug 03
Quantum Thinking Limited to Report Q1, 2021 Results on Aug 14, 2020 Quantum Thinking Limited announced that they will report Q1, 2021 results on Aug 14, 2020 Announcement • Jul 06
Quantum Thinking Limited Announces Change of Principal Place of Business in Hong Kong Quantum Thinking Limited announced that the company's principal place of business in Hong Kong will be changed to Room 1403, 14/F, Capital Centre, 151 Gloucester Road, Wanchai, Hong Kong with effect from 1 June 2020. The telephone number, fax number, website and email address of the company will remain unchanged. 