Announcement • Aug 17
Xinhua Lande Scitech Co., Limited to Report First Half, 2026 Results on Aug 28, 2026 Xinhua Lande Scitech Co., Limited announced that they will report first half, 2026 results on Aug 28, 2026 Announcement • Jun 27
Xinhua Lande Scitech Co., Limited Approves CEO Changes, Effective 26 June 2026 Xinhua Lande Scitech Co., Limited at its AGM held on June 26, 2026 approved that with effect from 26 June 2026: Wang Feng has resigned as chief executive officer of the Company and Wang Zheng has been appointed as the chief executive officer of the Company. Announcement • Jun 26
Xinhua Lande Scitech Co., Limited Approves Board and Committee Changes, Effective June 26, 2026 Xinhua Lande Scitech Co., Limited at its AGM held on June 26, 2026 approved that with effect from 26 June 2026: Mr. Wang Feng has resigned as an executive Director, the chairman of the Company and Ms. Wu Lihui has resigned as an executive Director; and Mr. Wang Zheng has been appointed as an executive Director, chairman of the Company and Mr. Tan Xiao has been appointed as an executive Director. The Board announced that with effect from 26 June 2026: Mr. Wang Feng has resigned as a member of each of the Remuneration Committee and the Nomination Committee; and Mr. Wang Zheng has been appointed a member of each of the Remuneration Committee and the Nomination Committee. Announcement • Jun 03
Xinhua Lande Scitech Co., Limited, Annual General Meeting, Jun 26, 2026 Xinhua Lande Scitech Co., Limited, Annual General Meeting, Jun 26, 2026, at 10:00 China Standard Time. Location: unit 1201a, 12/f, mirror tower, 61 mody road, tsim sha tsui east, kowloon., Hong Kong Reported Earnings • Apr 01
Full year 2025 earnings released: EPS: CN¥0.002 (vs CN¥0.013 loss in FY 2024) Full year 2025 results: EPS: CN¥0.002 (up from CN¥0.013 loss in FY 2024). Revenue: CN¥230.2m (up 24% from FY 2024). Net income: CN¥1.09m (up CN¥7.59m from FY 2024). Profit margin: 0.5% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 18
Xinhua Lande Scitech Co., Limited to Report Fiscal Year 2025 Results on Mar 30, 2026 Xinhua Lande Scitech Co., Limited announced that they will report fiscal year 2025 results on Mar 30, 2026 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 High level of non-cash earnings (44% accrual ratio). 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 (9.9% average weekly change). Market cap is less than US$100m (HK$167.6m market cap, or US$21.4m). Announcement • Nov 22
Shenghua Lande Scitech Limited Announces Resignations of Directors Shenghua Lande Scitech Limited announced that Mr. Chen Ping ("Mr. Chen") has tendered the resignation as a non-executive Director and Ms. Huang Lianxi ("Ms. Huang") has tendered the resignation as an independent non-executive Director due to their personal work arrangements which require more time and dedication. The resignations of Mr. Chen and Ms. Huang will take effect from the close of the EGM when the new Directors are elected and assume office. Each of Mr. Chen and Ms. Huang has confirmed that he/she has no disagreement with the Board and no matters concerning his/her resignation need to be brought to the attention of the Stock Exchange and the Shareholders. The Board has confirmed that there are no matters concerning Mr. Chen and Ms. Huang's resignations which are needed to be brought to the attention of the Shareholders. Reported Earnings • Sep 04
First half 2025 earnings released: EPS: CN¥0 (vs CN¥0.016 loss in 1H 2024) First half 2025 results: EPS: CN¥0 (improved from CN¥0.016 loss in 1H 2024). Revenue: CN¥122.2m (up 55% from 1H 2024). Net loss: CN¥47.0k (loss narrowed 99% from 1H 2024). Profit margin: 0% (up from net loss in 1H 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings. Announcement • Aug 18
Shenghua Lande Scitech Limited to Report First Half, 2025 Results on Aug 29, 2025 Shenghua Lande Scitech Limited announced that they will report first half, 2025 results on Aug 29, 2025 New Risk • Jun 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 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 (-CN¥16m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 52% per year over the past 5 years. Market cap is less than US$10m (HK$51.7m market cap, or US$6.58m). Board Change • Jun 23
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 Xuan Zhen Huang was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 05
Shenghua Lande Scitech Limited, Annual General Meeting, Jun 27, 2025 Shenghua Lande Scitech Limited, Annual General Meeting, Jun 27, 2025, at 10:00 China Standard Time. Location: 11th floor, building 1, xitou innocentre, 239 shuanglong street, xihu district, hangzhou city, zhejiang province China New Risk • May 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 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 (-CN¥16m free cash flow). Earnings have declined by 52% per year over the past 5 years. Market cap is less than US$10m (HK$53.2m market cap, or US$6.81m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Board Change • Apr 23
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 Xuan Zhen Huang was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 30
Full year 2024 earnings released: CN¥1.28 loss per share (vs CN¥0.084 loss in FY 2023) Full year 2024 results: CN¥1.28 loss per share. Revenue: CN¥185.0m (up 89% from FY 2023). Net loss: CN¥6.51m (loss narrowed 85% from FY 2023). Board Change • Mar 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 Xuan Zhen Huang was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 18
Shenghua Lande Scitech Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Shenghua Lande Scitech Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 Board Change • Feb 14
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 Xuan Zhen Huang was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 02
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 Xuan Zhen Huang was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Dec 03
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 (-CN¥18m free cash flow). Earnings have declined by 59% per year over the past 5 years. Market cap is less than US$10m (HK$44.6m market cap, or US$5.73m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Board Change • Nov 29
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 Xuan Zhen Huang was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 26
First half 2024 earnings released: CN¥0.016 loss per share (vs CN¥0.024 loss in 1H 2023) First half 2024 results: CN¥0.016 loss per share (improved from CN¥0.024 loss in 1H 2023). Revenue: CN¥79.0m (up 114% from 1H 2023). Net loss: CN¥7.92m (loss narrowed 35% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Announcement • Aug 14
Shenghua Lande Scitech Limited to Report First Half, 2024 Results on Aug 23, 2024 Shenghua Lande Scitech Limited announced that they will report first half, 2024 results on Aug 23, 2024 Board Change • Jul 06
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 Xuan Zhen Huang was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 24
Shenghua Lande Scitech Limited Announces Resignation of Guan Zilong as Executive Director Shenghua Lande Scitech Limited announced Mr. Guan Zilong (Mr. Guan) has tendered his resignation to the board on 23 May 2024, resigning from the position of executive director, due to his personal work arrangements which require more of his time and dedication. The resignation of Mr. Guan will take effect from the close of the upcoming annual general meeting (the AGM) of the company, when the new executive director is elected and assumes office. Reported Earnings • Mar 28
Full year 2023 earnings released: CN¥0.084 loss per share (vs CN¥0.038 loss in FY 2022) Full year 2023 results: CN¥0.084 loss per share (further deteriorated from CN¥0.038 loss in FY 2022). Revenue: CN¥98.1m (down 27% from FY 2022). Net loss: CN¥42.8m (loss widened 125% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • Mar 15
Shenghua Lande Scitech Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 Shenghua Lande Scitech Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 Reported Earnings • Nov 16
Third quarter 2023 earnings released: CN¥0.94 loss per share (vs CN¥0.01 loss in 3Q 2022) Third quarter 2023 results: CN¥0.94 loss per share. Revenue: CN¥30.8m (down 33% from 3Q 2022). Net loss: CN¥4.74m (loss narrowed 5.5% from 3Q 2022). Announcement • Nov 15
Shenghua Lande Scitech Limited Announces Resignation of Guan Zilong as Financial Controller The board of directors of Shenghua Lande Scitech Limited announced that: with effect from 14 November 2023, Mr. Guan Zilong has resigned as the financial controller (Financial Controller) of the company due to personal work adjustment reasons, for fulfilling of other work commitments in other group companies of the company's controlling shareholder, Zhejiang Shenghua Holdings Group Company Limited and will continue to act as an executive Director. Announcement • Nov 04
Shenghua Lande Scitech Limited to Report Q3, 2023 Results on Nov 14, 2023 Shenghua Lande Scitech Limited announced that they will report Q3, 2023 results on Nov 14, 2023 Reported Earnings • Aug 16
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: CN¥21.2m (down 62% from 2Q 2022). Net loss: CN¥2.47m (loss narrowed 35% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Announcement • Aug 03
Shenghua Lande Scitech Limited to Report First Half, 2023 Results on Aug 14, 2023 Shenghua Lande Scitech Limited announced that they will report first half, 2023 results on Aug 14, 2023 Recent Insider Transactions • Jul 17
Board Member recently sold HK$4.5m worth of stock On the 12th of July, Xuguang Zhang sold around 20m shares on-market at roughly HK$0.22 per share. This transaction amounted to 100% 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$4.6m more than they bought in the last 12 months. New Risk • Jul 05
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: Major Risks Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (HK$38.0m market cap, or US$4.86m). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Announcement • Jun 30
Shenghua Lande Scitech Limited Announce Executive Changes The Board of Shenghua Lande Scitech Limited announced that all resolutions as set out in the notice of 2022 Annual General Meeting dated 30 May 2023 were duly passed by way of poll by the Shareholders at the AGM held on 29 June 2023. The Board announces that with effect from the close of the AGM on 29 June 2023: Mr. Shen Haiying () has retired as an independent non-executive Director; and Ms. Huang Xuanzhen () has been elected as an independent non-executive Director. Change of members of board committees: The Board announces that with effect from 29 June 2023: Mr. Shen Haiying has resigned as a member and the chairman of the Audit Committee and a member of the Remuneration Committee; Ms. Huang Lianxi () has resigned as a member of the Audit Committee; Ms. Huang Xuanzhen has been appointed as a member and the chairman of the Audit Committee and a member of the Remuneration Committee; and Mr. Chen Ping () has been appointed as a member of the Audit Committee. Announcement • May 30
Shenghua Lande Scitech Limited, Annual General Meeting, Jun 29, 2023 Shenghua Lande Scitech Limited, Annual General Meeting, Jun 29, 2023, at 10:00 China Standard Time. Location: 11th Floor, Building 1 Xitou Innocentre, 239 Shuanglong Street, Xihu District Hangzhou City Zhejiang Province China Agenda: To consider and approve the report of the board of directors of the Company for the year ended 31 December 2022; to consider and approve the report of the supervisory committee of the Company for the year ended 31 December 2022; to consider and approve the audited consolidated financial statements of the company and its subsidiaries and the independent auditor's report for the year ended 31 December 2022; to consider and approve the profit after taxation appropriation plan and final dividend distribution plan for the year ended 31 December 2022; to consider and approve the financial report for the year ended 31 December 2022 and the financial budget report for the year ending 31 December 2023; and to consider other matters. Reported Earnings • May 17
First quarter 2023 earnings released: CN¥1.91 loss per share (vs CN¥0.023 loss in 1Q 2022) First quarter 2023 results: CN¥1.91 loss per share. Revenue: CN¥15.6m (down 64% from 1Q 2022). Net loss: CN¥9.66m (loss narrowed 16% from 1Q 2022). Recent Insider Transactions • May 09
Insider recently sold HK$56k worth of stock On the 6th of May, For Fong sold around 930k shares on-market at roughly HK$0.06 per share. This transaction amounted to 6.1% 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$56k more than they bought in the last 12 months. Announcement • May 04
Shenghua Lande Scitech Limited to Report Q1, 2023 Results on May 15, 2023 Shenghua Lande Scitech Limited announced that they will report Q1, 2023 results at 4:00 PM, China Standard Time on May 15, 2023 Reported Earnings • Mar 22
Full year 2022 earnings released Full year 2022 results: Revenue: CN¥135.0m (down 38% from FY 2021). Net loss: CN¥19.0m (down CN¥19.7m from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 20
Third quarter 2022 earnings released: CN¥0.01 loss per share (vs CN¥0.007 loss in 3Q 2021) Third quarter 2022 results: CN¥0.01 loss per share (further deteriorated from CN¥0.007 loss in 3Q 2021). Revenue: CN¥46.1m (up 3.2% from 3Q 2021). Net loss: CN¥5.02m (loss widened 38% from 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. 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 Lianxi Huang was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 04
Shenghua Lande Scitech Limited Provides Consolidated Earnings Guidance for the Nine Months Ended 30 September 2022 The board of directors of the Shenghua Lande Scitech Limited announced that, based on the preliminary review by the Company's management of the unaudited consolidated management accounts of the Group for the nine months ended 30 September 2022, the Group is expected to record a net loss attributable to owners of the Company of approximately RMB 20,380,000 for the Relevant Period as compared to a net loss attributable to owners of the Company of approximately RMB 13,485,000 for the corresponding period in the year 2021, representing an approximately 51.13% increase. Based on the relevant information currently available to the Company, the Board considers that the anticipated substantial increase in the net loss attributable to owners of the Company for the Relevant Period was mainly attributable to the reason as mentioned below. Announcement • Nov 02
Shenghua Lande Scitech Limited to Report Q3, 2022 Results on Nov 14, 2022 Shenghua Lande Scitech Limited announced that they will report Q3, 2022 results on Nov 14, 2022 Reported Earnings • Aug 16
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: CN¥55.1m (up 17% from 2Q 2021). Net loss: CN¥3.82m (loss widened 146% from 2Q 2021). Announcement • Aug 03
Shenghua Lande Scitech Limited to Report Q2, 2022 Results on Aug 12, 2022 Shenghua Lande Scitech Limited announced that they will report Q2, 2022 results on Aug 12, 2022 Reported Earnings • May 16
First quarter 2022 earnings released: CN¥0.023 loss per share (vs CN¥0.016 loss in 1Q 2021) First quarter 2022 results: CN¥0.023 loss per share (down from CN¥0.016 loss in 1Q 2021). Revenue: CN¥43.9m (up 18% from 1Q 2021). Net loss: CN¥11.5m (loss widened 39% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Board Change • May 12
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 Lianxi Huang was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 14
Shenghua Lande Scitech Limited Announces Chief Executive Officer Changes The board of directors of Shenghua Lande Scitech Limited announced that Mr. Xu Yin resigned as the chief executive officer with effect from April 13, 2022, the Company convened the sixteen meeting of the eighth session of the Board on April 13, 2022, and reviewed and approved the appointment of Mr. Wang as the Chief Executive Officer. Announcement • Apr 02
Shenghua Lande Scitech Limited, Annual General Meeting, May 06, 2022 Shenghua Lande Scitech Limited, Annual General Meeting, May 06, 2022, at 10:00 China Standard Time. Location: 11th Floor, Building 1, Xitou Innocentre 239 Shuanglong Street, Xihu District Hangzhou City China Agenda: To consider and approve the report of the board of directors of the company for the year ended 31 December 2021; to consider and approve the report of the supervisory committee of the company for the year ended 31 December 2021; to consider and approve the audited consolidated financial statements of the company and its subsidiaries and the independent auditor's report for the year ended 31 December 2021; to consider and approve the profit after taxation appropriation plan and final dividend distribution plan for the year ended 31 December 2021; to consider and approve the financial report for the year ended 31 December 2021 and the financial budget report for the year ending 31 December 2022; and to consider other matters. Reported Earnings • Nov 15
Third quarter 2021 earnings released The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥44.7m (down 2.7% from 3Q 2020). Net loss: CN¥3.64m (down 195% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 7% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: CN¥0.003 loss per share (vs CN¥0.002 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: CN¥47.2m (down 31% from 2Q 2020). Net loss: CN¥1.56m (loss widened 25% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
First quarter 2021 earnings released: CN¥0.016 loss per share (vs CN¥0.019 loss in 1Q 2020) The company reported a soft first quarter result with weaker revenues and control over costs, although losses reduced. First quarter 2021 results: Revenue: CN¥37.4m (down 28% from 1Q 2020). Net loss: CN¥8.29m (loss narrowed 14% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Mar 11
Shenghua Lande Scitech Limited Receives Civil Complaint and A Court Summons Issued by the People's Court of Haidian District, Beijing The board of directors of the Shenghua Lande Scitech Limited announced that, on 8 March 2021, the Company received a civil complaint (the "Complaint") and a court summons issued by the People's Court of Haidian District, Beijing (the "Haidain District Court") to the Company. The Haidian District Court has filed and accepted the case with Case Number (2020) Beijing 0108 Min Chu No. 24340, under which Beijing Fortis Oriental Technology Co. Ltd. (the "Plaintiff") sued the Company and three other defendants (collectively referred to as the "Defendants") on the ground of infringement of trade secrets disputes arising from a preferential framework agreement (the "Preferential Framework Agreement") entered into between Unicom Import and Export Co. Ltd. ("Unicom Import and Export") and IBM Engineering Technology (Shanghai) Co. Ltd. ("IBM Shanghai") dated 25 September 2007, alleging that its commercial interests had been infringed during the execution of the Preferential Framework Agreement and claiming for compensation (the "Litigation"). The Haidain District Court decided to begin hearing on 15 April 2021. According to the Complaint, the Plaintiff considered that the Defendants and Plaintiff had been appointed as the system integrators and distributor for Unicom Import and Export and IBM Shanghai, respectively. The Plaintiff alleged that the Defendants failed to perform the obligations as the appointed system integrators under the Preferential Framework Agreement and had refused to make transactions with the Plaintiff, seeking the following requests: the Defendants to jointly compensate the Plaintiff for financial losses amounting to approximately RMB 10,944,000 and related interest payment calculated for the period from 7 July 2008 to 30 April 2020, with total principal and interest amounting to approximately RMB 18,096,000; the Defendants to pay the Plaintiff reasonable expenses incurred in handling the case of RMB 300,000; and the Defendants to bear all the litigation costs. The Company has commenced to investigate the implementation of relevant business project, and will engage a lawyer as soon as possible to prepare for defence and relevant evidence to actively respond to the Litigation. However, due to the inherent uncertainties of the Litigation itself, the Company cannot predict whether the defence will succeed and whether it will bear some or all of the payment responsibilities. Announcement • Mar 10
Shenghua Lande Scitech Limited to Report Fiscal Year 2020 Results on Mar 19, 2021 Shenghua Lande Scitech Limited announced that they will report fiscal year 2020 results on Mar 19, 2021 Is New 90 Day High Low • Jan 19
New 90-day high: HK$0.21 The company is up 40% from its price of HK$0.15 on 21 October 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 25% over the same period. Announcement • Dec 11
Zhang Jing entered into the rights transfer agreement to acquire a 85% stake in Zhejiang Lan Chuang Information Co., Ltd. from Shenghua Lande Scitech Limited (SEHK:8106) for CNY 7.2 million. Zhang Jing entered into the rights transfer agreement to acquire a 85% stake in Zhejiang Lan Chuang Information Co., Ltd. from Shenghua Lande Scitech Limited (SEHK:8106) for CNY 7.2 million on December 9, 2020. Shenghua Lande Scitech Limited will transfer rights, relating to 85% equity interests in Zhejiang Lan Chuang Information Co., Ltd. together with all benefits and title therein. Post transaction, Qiu Jin-song, Gao Zhan and Lei Jian-min will continue to hold 5% stake each in Zhejiang Lan Chuang Information Co., Ltd. Post transaction, Zhejiang Lan Chuang Information Co., Ltd. will cease to be subsidiary of Shenghua Lande Scitech Limited. Zhejiang Lan Chuang Information Co., Ltd. reported net assets of CNY 8.451 million for the year ended October 31, 2020. Zhejiang Lan Chuang Information Co., Ltd. reported net profit before taxation of CNY 0.05 million and net profit after taxation of CNY 0.064 million for the year ended December 31, 2019. The completion of transaction shall take place on the day of payment of the consideration. It is expected that the net proceeds from the disposal will be used for general working capital purposes. Announcement • Nov 14
Shenghua Lande Scitech Limited Announces Executive Changes Shenghua Lande Scitech Limited announced that With effect from 13 November 2020, Mr. Qi Jinsong has resigned as the chief executive officer of the Company due to work reasons, for the more reasonable allocation of internal work responsibilities, strengthening of internal management and enhancement of work efficiency, and remained as an executive Director and the chairman of the Company. With effect from 13 November 2020, Mr. Xu Yin has been appointed as the Chief Executive Officer. From April 2015 to November 2017, Mr. Xu served as the deputy minister of the research and development department of Nanjing Panda Information Industry Co. Ltd. From November 2017 to January 2019, Mr. Xu was the deputy chief engineer of the Company. From February 2019 to May 2019, Mr. Xu was the assistant to general manager of the information technology department of Zhejiang Shenghua Holdings Group Company Limited a controlling shareholder of the Company. From June 2019 to present, Mr. Xu has served as the deputy general manager of the information technology department of Zhejiang Shenghua. Announcement • Nov 04
Shenghua Lande Scitech Limited to Report Q3, 2020 Results on Nov 13, 2020 Shenghua Lande Scitech Limited announced that they will report Q3, 2020 results on Nov 13, 2020 Announcement • Aug 06
Shenghua Lande Scitech Limited to Report First Half, 2020 Results on Aug 14, 2020 Shenghua Lande Scitech Limited announced that they will report first half, 2020 results on Aug 14, 2020 Announcement • Jul 30
Rise Sea Limited and Zhang Xuguang acquired 19.8% stake in Shenghua Lande Scitech Limited (SEHK:8106) for HKD 13 million. Rise Sea Limited and Zhang Xuguang acquired 19.8% stake in Shenghua Lande Scitech Limited (SEHK:8106) for HKD 13 million on July 9, 2020. Under the terms of the transaction, Rise Sea will acquire 44.1 million shares while Zhang Xuguang will acquire 7.7 million shares for HKD 0.25 per share. Upon completion of the transaction, Zhang Xuguang will own an aggregate of 20.3 million domestic shares and 20.3 million H Shares representing approximately 8.02% in Shenghua Lande.
Rise Sea Limited and Zhang Xuguang completed the acquisition of a 19.8% stake in Shenghua Lande Scitech Limited (SEHK:8106) on July 9, 2020. Announcement • Jul 10
Wu Menggen share transfer agreement to acquire 8.6% stake in Shenghua Lande Scitech Limited (SEHK:8106) from Zhejiang Shenghua Holdings Group Company Limited for HKD 5 million. Wu Menggen share transfer agreement to acquire 8.6% stake in Shenghua Lande Scitech Limited (SEHK:8106) from Zhejiang Shenghua Holdings Group Company Limited for HKD 5 million on July 9, 2020. Wu Menggen will acquire 21 million shares for HKD 0.24 per share.