Announcement • Jul 10
Blue River Holdings Limited, Annual General Meeting, Aug 26, 2026 Blue River Holdings Limited, Annual General Meeting, Aug 26, 2026. Announcement • Jun 17
Blue River Holdings Limited to Report Fiscal Year 2026 Results on Jun 30, 2026 Blue River Holdings Limited announced that they will report fiscal year 2026 results at 12:30 PM, China Standard Time on Jun 30, 2026 New Risk • Apr 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$78.1m (US$9.96m) 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$17m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Market cap is less than US$10m (HK$78.1m market cap, or US$9.96m). Reported Earnings • Nov 30
First half 2026 earnings released: HK$0.019 loss per share (vs HK$0.12 loss in 1H 2025) First half 2026 results: HK$0.019 loss per share (improved from HK$0.12 loss in 1H 2025). Net loss: HK$19.9m (loss narrowed 84% from 1H 2025). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Announcement • Nov 18
Blue River Holdings Limited to Report First Half, 2026 Results on Nov 28, 2025 Blue River Holdings Limited announced that they will report first half, 2026 results on Nov 28, 2025 Reported Earnings • Jul 30
Full year 2025 earnings released: HK$0.17 loss per share (vs HK$0.26 loss in FY 2024) Full year 2025 results: HK$0.17 loss per share (improved from HK$0.26 loss in FY 2024). Net loss: HK$177.4m (loss narrowed 33% from FY 2024). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. New Risk • Jun 27
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: HK$39m (US$5.0m) This is considered a minor risk. Companies with a small amount of revenue 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$78m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Minor Risks Revenue is less than US$5m (HK$39m revenue, or US$5.0m). Market cap is less than US$100m (HK$91.6m market cap, or US$11.7m). Announcement • Jun 26
Blue River Holdings Limited, Annual General Meeting, Aug 28, 2025 Blue River Holdings Limited, Annual General Meeting, Aug 28, 2025. Announcement • Jun 20
Blue River Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 March 2025 Blue River Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 March 2025. For the year, the group is expected to record a loss attributable to Shareholders of approximately HKD 175 million for the Year, as compared with a loss attributable to Shareholders of approximately HKD 265 million for the corresponding year in 2024. Such expected reduction in loss for the Year was mainly attributable to the net impact of: (a) net loss from share of results of associates decreased from approximately HKD 231 million for the Year 2024 to approximately HKD 91 million for the Year; (b) decrease in administrative expenses from approximately HKD 107 million for the Year 2024 to approximately HKD 45 million for the Year; (c) no impairment loss reversal on amounts due from the former subsidiaries in liquidation for the Year, as compared with reversal of impairment loss of approximately HKD 31 million for the Year 2024; (d) absence of gain on disposal of subsidiaries for the Year, as compared with gain on disposal of certain loss-making subsidiaries from the Group's ports and logistics business of approximately HKD 59 million for the Year 2024; and (e) no gain on forfeiture of deposit and earnest money received for the Year, as compared with gain on forfeiture of deposit and earnest money received approximately HKD 8 million for the Year 2024. New Risk • May 13
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 12% 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$78m free cash flow). Market cap is less than US$10m (HK$56.2m market cap, or US$7.21m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). New Risk • Apr 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$76.0m (US$9.79m) 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$78m free cash flow). Market cap is less than US$10m (HK$76.0m market cap, or US$9.79m). Announcement • Jan 17
Blue River Holdings Limited Announces Resignation of Independent Non-Executive Director and Change in the Composition of Board Committees The board of directors of Blue River Holdings Limited announced that Mr. William Nicholas Giles has tendered his resignation as an independent non-executive director of the Company, the chairman of corporate governance and compliance committee of the Company and the share repurchase committee of the Company, a member of the audit committee of the Company, the remuneration Committee of the Company and the nomination committee of the Company, with effect from 17 January 2025 due to his other business engagements. The Board announces that with effect from 17 January 2025, (a) Mr. Giles has tendered his resignation as the chairman of Corporate Governance and Compliance Committee and the Share Repurchase Committee, a member of the Audit Committee, the Remuneration Committee, and the Nomination Committee; and (b) Ms. Liu Jianyi has been appointed as the chairman of the Corporate Governance and Compliance Committee and the Share Repurchase Committee and a member of the Audit Committee, the Remuneration Committee and the Nomination Committee. Reported Earnings • Dec 03
First half 2025 earnings released: HK$0.12 loss per share (vs HK$0.079 loss in 1H 2024) First half 2025 results: HK$0.12 loss per share (further deteriorated from HK$0.079 loss in 1H 2024). Net loss: HK$122.6m (loss widened 50% from 1H 2024). 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 12% per year, which means it is significantly lagging earnings. Announcement • Nov 27
Blue River Holdings Limited Provides Preliminary Unaudited Consolidated Group Earnings Guidance for the Six Months Ended 30 September 2024 Blue River Holdings Limited provided preliminary unaudited consolidated group earnings guidance for the six months ended 30 September 2024. For the period, the group expects to record a loss attributable to Shareholders of approximately HKD 123 million as compared with a loss attributable to Shareholders of approximately HKD 82 million for the corresponding period in 2023. Such expected increase in loss for the Period was mainly attributable to the net impact of: share of results of associates increased from a loss of approximately HKD 36 million for the Period 2023 to a loss of approximately HKD 76 million for the Period; decrease in administrative expenses from approximately HKD 55 million for the Period 2023 to approximately HKD 24 million for the Period; and reversal of impairment loss on amounts due from the former subsidiaries in liquidation of approximately HKD 24 million for the Period 2023 (Period: Nil). Announcement • Nov 18
Blue River Holdings Limited to Report First Half, 2025 Results on Nov 29, 2024 Blue River Holdings Limited announced that they will report first half, 2025 results on Nov 29, 2024 New Risk • Sep 19
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 13% 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$77m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 8.6% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$88.5m market cap, or US$11.4m). New Risk • Aug 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.7% 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$77m free cash flow). Earnings have declined by 8.6% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Market cap is less than US$100m (HK$119.7m market cap, or US$15.4m). Reported Earnings • Jul 30
Full year 2024 earnings released: HK$0.26 loss per share (vs HK$0.13 loss in FY 2023) Full year 2024 results: HK$0.26 loss per share (further deteriorated from HK$0.13 loss in FY 2023). Net loss: HK$265.3m (loss widened 84% from FY 2023). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Jun 27
Blue River Holdings Limited, Annual General Meeting, Aug 28, 2024 Blue River Holdings Limited, Annual General Meeting, Aug 28, 2024. Reported Earnings • Jun 27
Full year 2024 earnings released: HK$0.26 loss per share (vs HK$0.13 loss in FY 2023) Full year 2024 results: HK$0.26 loss per share (further deteriorated from HK$0.13 loss in FY 2023). Net loss: HK$265.3m (loss widened 84% from FY 2023). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Announcement • Jun 14
Blue River Holdings Limited to Report Fiscal Year 2024 Results on Jun 26, 2024 Blue River Holdings Limited announced that they will report fiscal year 2024 results on Jun 26, 2024 Announcement • Dec 08
Blue River Holdings Limited to Report First Half, 2024 Results on Dec 20, 2023 Blue River Holdings Limited announced that they will report first half, 2024 results on Dec 20, 2023 Reported Earnings • Nov 30
First half 2024 earnings released: HK$0.079 loss per share (vs HK$0.15 loss in 1H 2023) First half 2024 results: HK$0.079 loss per share (improved from HK$0.15 loss in 1H 2023). Net loss: HK$81.8m (loss narrowed 52% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Nov 23
Blue River Holdings Limited Provides Earnings Guidance for the Six Months Ended 30 September 2023 Blue River Holdings Limited provided earnings guidance for the six months ended 30 September 2023. For the period, the Group is expected to record a loss attributable to Shareholders of approximately HKD 80 million for the Period, as compared with a loss attributable to Shareholders of approximately HKD 170 million for the corresponding period in 2022. Announcement • Nov 17
Blue River Holdings Limited to Report First Half, 2024 Results on Nov 29, 2023 Blue River Holdings Limited announced that they will report first half, 2024 results on Nov 29, 2023 Recent Insider Transactions • Aug 22
MD & Executive Chairman of the Board recently sold HK$11m worth of stock On the 18th of August, Kai Sing Kwong sold around 40m shares on-market at roughly HK$0.28 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Kai Sing's only on-market trade for the last 12 months. Reported Earnings • Jul 31
Full year 2023 earnings released: HK$0.13 loss per share (vs HK$1.04 loss in FY 2022) Full year 2023 results: HK$0.13 loss per share (improved from HK$1.04 loss in FY 2022). Net loss: HK$144.5m (loss narrowed 87% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Jul 29
Blue River Holdings Limited, Annual General Meeting, Aug 30, 2023 Blue River Holdings Limited, Annual General Meeting, Aug 30, 2023, at 10:30 China Standard Time. Location: Harbour Plaza Rooms I & II, B1/F, Harbour Plaza North Point, 665 King's Road North Point Hong Kong Agenda: To receive, consider and adopt the audited financial statements and the reports of the directors and the independent auditor for the year ended 31 March 2023; to re-appoint Crowe (HK) CPA Limited as auditor of the Company and to authorise the Board to fix its remuneration; and to consider any other matters. New Risk • Jul 25
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 13% 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 (13% average weekly change). Earnings have declined by 54% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$369.5m market cap, or US$47.3m). Reported Earnings • Jun 30
Full year 2023 earnings released: HK$0.13 loss per share (vs HK$1.48 loss in FY 2022) Full year 2023 results: HK$0.13 loss per share (improved from HK$1.48 loss in FY 2022). Net loss: HK$144.5m (loss narrowed 91% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. New Risk • Jun 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 67% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$551.7m market cap, or US$70.5m). Announcement • Jun 16
Blue River Holdings Limited to Report Fiscal Year 2023 Results on Jun 29, 2023 Blue River Holdings Limited announced that they will report fiscal year 2023 results on Jun 29, 2023 Recent Insider Transactions • Feb 02
Insider recently sold HK$4.4m worth of stock On the 31st of January, Kitchell Bin sold around 5m shares on-market at roughly HK$0.88 per share. This transaction amounted to 1.6% 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$8.7m more than they bought in the last 12 months. Recent Insider Transactions • Dec 28
Insider recently sold HK$4.3m worth of stock On the 21st of December, Kitchell Bin sold around 5m shares on-market at roughly HK$0.86 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Nov 30
First half 2023 earnings released First half 2023 results: Revenue: HK$4.62b (flat on 1H 2022). Net loss: HK$169.4m (loss narrowed 84% from 1H 2022). Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Executive Director & MD Marc Andreas Tschirner is the most experienced director on the board, commencing their role in 2021. Independent Non-executive Director John Lam was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Aug 02
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Executive Director & MD Marc Andreas Tschirner is the most experienced director on the board, commencing their role in 2021. Independent Non-Executive Director Ka Ki Ma was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Chung-Ki Leung is the most experienced director on the board, commencing their role in 2018. Independent Non-Executive Director Ka Ki Ma was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 29
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: HK$0.94 loss per share (down from HK$0.031 loss in 1H 2021). Revenue: HK$4.58b (up HK$4.39b from 1H 2021). Net loss: HK$1.04b (loss widened HK$1.00b from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. Board Change • Nov 05
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Chung-Ki Leung is the most experienced director on the board, commencing their role in 2018. Independent Non-Executive Director Ka Ki Ma was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Jul 01
Full year 2021 earnings released: EPS HK$0.14 (vs HK$0.52 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: HK$277.3m (down 24% from FY 2020). Net income: HK$151.3m (up HK$723.6m from FY 2020). Profit margin: 55% (up from net loss in FY 2020). 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. Announcement • Jun 18
Blue River Holdings Limited Provides Consolidated Earnings Guidance for the Year Ended March 31, 2021 Blue River Holdings Limited provided consolidated earnings guidance for the year ended March 31, 2021. Based on the preliminary review on the draft unaudited consolidated management accounts of the Group for the year ended 31 March 2021 and other information currently available to the Company, the Group is expected to record a profit attributable to Shareholders of approximately HKD 188 million for the year, as compared with a loss attributable to Shareholders of approximately HKD 572 million for the corresponding period in 2020 (the 'Year 2020'). Announcement • Jun 11
PYI CORP To Be Deleted From Other OTC PYI CORP ordinary Shares will be deleted from Other OTC effective June 10, 2021. The deletion is due to CUSIP Suspended. Executive Departure • May 26
Vice Chairman of China & Executive Director Ko Yuen Lau has left the company On the 17th of May, Ko Yuen Lau's tenure in the role of Vice Chairman of China & Executive Director ended. As of March 2021, Ko Yuen personally held 3.58m shares (HK$1.4m worth at the time). A total of 5 executives have left over the last 12 months. Announcement • Mar 14
An unknown buyer acquired 28.53% stake in PYI Corporation Limited (SEHK:498) from Rally Praise Limited HKD An unknown buyer acquired 28.53% stake in PYI Corporation Limited (SEHK:498) from Rally Praise Limited HKD on March 12, 2021. Under the terms, 315 million shares were disposed at HKD 0.495 per share. After the transaction, Rally Praise owns 2.9 million shares in PYI.
An unknown buyer completed the acquisition of 28.53% stake in PYI Corporation Limited (SEHK:498) from Rally Praise Limited HKD on March 12, 2021. Recent Insider Transactions • Feb 27
Non-Executive Director recently bought HK$11m worth of stock On the 25th of February, Kai Sing Kwong bought around 30m shares on-market at roughly HK$0.35 per share. In the last 3 months, they made an even bigger purchase worth HK$68m. Insiders have collectively bought HK$79m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 11
Insider recently bought HK$68m worth of stock On the 8th of February, Kai Sing Kwong bought around 137m shares on-market at roughly HK$0.50 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. Announcement • Feb 10
PYI Corporation Limited Appoints Kwong Kai Sing as A Non-Executive Director PYI Corporation Limited announced that with effect from February 9, 2021, Mr. Kwong Kai Sing, Benny has been appointed as a non-executive director of the company. Mr. Kwong held senior positions with major international banks in Hong Kong in respective lending departments and China department and has served as executive director of various listed companies in Hong Kong. Mr. Kwong has extensive experience and knowledge in banking and financial services industry. Mr. Kwong was an appointed member of the China People's Political Consultative Conference of the Hubei Province and Zhaoqing City of the Guangdong Province. He is the Hospital Governing Committee member of Tai Po Hospital since 2012 and the Audit Committee member of Tung Wah College since 2013. He was an executive director of GT Group Holdings Limited. He is currently an executive director of Tai United Holdings Limited. He was an independent non-executive director of Planetree International Development and became a non-executive director since April 2020. Announcement • Feb 04
PYI Corporation Limited Announces Board Changes The board of directors of PYI Corporation Limited, announced that with effect from 3 February 2021: Mr. Sue Ka Lok has resigned as an executive director of the Company; and Ms. Wu Yan Yee has resigned as an executive director of the Company. The Board announces that with effect from 3 February 2021: Mr. Chan Shu Kin has resigned as an independent non-executive director of the Company; and Ms. Wong Lai Kin, Elsa has resigned as an independent non-executive director of the Company. The Board announces that with effect from 3 February 2021: Mr. Ma Ka Ki has been appointed as an independent non-executive director of the Company; and Mr. William Nicholas Giles has been appointed as an independent non-executive director of the Company. The Board also announced that with effect from 3 February 2021: Mr. Sue Ka Lok has resigned as a member of the Nomination Committee; Mr. Chan Shu Kin has resigned as the chairman of the Audit Committee, the Remuneration Committee, the Nomination Committee, the Corporate Governance and Compliance Committee and the Share Repurchase Committee; Ms. Wong Lai Kin, Elsa has resigned as a member of the Audit Committee, the Nomination Committee and the Corporate Governance and Compliance Committee; Mr. Marc Andreas Tschirner has been appointed as a member of the Remuneration Committee, the Corporate Governance and Compliance Committee and the Share Repurchase Committee; Mr. Au Wai June has been appointed as a member of the Nomination Committee, the Corporate Governance and Compliance Committee and the Share Repurchase Committee; Mr. Ma Ka Ki has been appointed as the chairman of the Audit Committee, the Remuneration Committee, the Nomination Committee, the Corporate Governance and Compliance Committee and the Share Repurchase Committee; and Mr. William Nicholas Giles has been appointed as a member of the Audit Committee, the Remuneration Committee, the Nomination Committee, the Corporate Governance and Compliance Committee and the Share Repurchase Committee. During the period from March 2018 to July 2020, Mr. Ma was an independent non-executive director of Celebrate International Holdings Limited. Mr. Giles is a partner of Hart Giles, Solicitors & Notaries. Mr. Giles has over thirty years of extensive experience in practising law as a specialist in large- scale commercial litigation, insolvency work, restructuring and regulatory investigations. Executive Departure • Feb 04
Executive Director has left the company On the 3rd of February, Yan Yee Wu's tenure as Executive Director ended after 3.7 years in the role. We don't have any record of a personal shareholding under Yan Yee's name. A total of 5 executives have left over the last 12 months. Executive Departure • Feb 04
Independent Non-Executive Director has left the company On the 3rd of February, Lai Kin Wong's tenure as Independent Non-Executive Director ended after 8.3 years in the role. We don't have any record of a personal shareholding under Lai Kin's name. A total of 5 executives have left over the last 12 months. Executive Departure • Feb 04
Independent Non-Executive Director has left the company On the 3rd of February, Shu Kin Chan's tenure as Independent Non-Executive Director ended after 16.4 years in the role. We don't have any record of a personal shareholding under Shu Kin's name. A total of 5 executives have left over the last 12 months. Is New 90 Day High Low • Feb 01
New 90-day high: HK$0.34 The company is up 12% from its price of HK$0.30 on 03 November 2020. The Hong Kong market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 15% over the same period. Announcement • Jan 20
PYI Corporation Limited Announces Management Changes PYI Corporation Limited announced that Mr. Marc Andreas Tschirner and Mr. Au Wai June has been appointed as an executive director of the Company with effect from 18 January 2021. During the period from 21 July 2020 to 8 January 2021, Mr. Tschirner was an executive director and group chief operating officer of Esprit Holdings Limited. Mr. Au was the managing director of a telecommunication equipment manufacturing and trading company with more than 16 years of experience and extensive knowledge in product development, purchasing, production, business administration and merchandising of both the People's Republic of China and overseas market. During the period from May 2019 to August 2020, Mr. Au was an executive director of Celebrate International Holdings Limited. Mr. Lau Tom Ko Yuen has stepped down from the role of Managing Director and remained as the Chairman with effect from 18 January 2021 in order to be more focused in his role as Chairman. He remains as an Executive Director and a member of the Remuneration Committee, the nomination committee and the share repurchase committee of the Company and a director of various subsidiaries of the Company. Announcement • Jan 19
PYI Corporation Limited Announces CEO Changes PYI Corporation Limited announced that Mr. Marc Andreas Tschirner has been appointed as the managing director of the Company with effect from 18 January 2021. Mr. Tschirner was an executive director at Bank Julius Baer, Zurich. Between 2016 and 2017, Mr. Tschirner was a director at Deloitte Touche Tohmatsu, Hong Kong. During the period from 21 July 2020 to 8 January 2021, he was an executive director and group chief operating officer of Esprit Holdings Limited. Mr. Lau Tom Ko Yuen has stepped down from the role of Managing Director with effect from 18 January 2021 in order to be more focused in his role as Chairman. Reported Earnings • Dec 19
First half 2021 earnings released: HK$0.031 loss per share The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: HK$191.5m (down 25% from 1H 2020). Net loss: HK$33.7m (loss narrowed 84% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 125% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 30
First half 2021 earnings released: HK$0.031 loss per share The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: HK$191.5m (down 25% from 1H 2020). Net loss: HK$33.7m (loss narrowed 84% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 125% 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 • Nov 17
PYI Corporation Limited to Report First Half, 2021 Results on Nov 27, 2020 PYI Corporation Limited announced that they will report first half, 2021 results on Nov 27, 2020 Is New 90 Day High Low • Nov 13
New 90-day low: HK$0.28 The company is down 18% from its price of HK$0.34 on 14 August 2020. The Hong Kong market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 3.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: HK$0.32 The company is down 10.0% from its price of HK$0.35 on 31 July 2020. The Hong Kong market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is down 4.0% over the same period. Announcement • Jul 30
Ming Cheng International Company Limited completed the acquisition of Paul Y. Corporation Limited from PYI Corporation Limited (SEHK:498). Ming Cheng International Company Limited entered into an agreement to acquire Paul Y. Corporation Limited from PYI Corporation Limited (SEHK:498) for approximately CNY 290 million on December 16, 2019. The consideration will be paid in cash subject to adjustment and will be satisfied in the following manner where 35% of the consideration will be paid within seven days upon fulfillment of the initial conditions, 50% of the consideration will be paid within seven business days after completion date of agreement and remaining 15% of the consideration will be paid within seven business days after the issue of completion account subject to PYI Corporation having paid the PRC enterprise income tax payable. Upon the completion of transaction, Paul Y. Corporation Limited cease to be the subsidiary of PYI Corporation Limited. The transaction will be terminated if the condition in the agreement is not completed. For the financial year March 31, 2019, Paul Y. Corporation Limited reported net income CNY 13 million and net assets of CNY 226 million. The transaction is subject to PYI Corporation Limited shareholder approval and government approval. The transaction will be completed upon the fulfillment of the condition. As of April 16, 2020, the completion period for fulfillment of the conditions has been extended until July 16, 2020. The proceeds of the transaction will be used for repayment of bank loans and other borrowing and also for general working capital of PYI group. Opus Capital Limited acted as financial advisor to PYI Corporation.
Ming Cheng International Company Limited completed the acquisition of Paul Y. Corporation Limited from PYI Corporation Limited (SEHK:498) on July 14, 2020. Presently, 35% of the consideration representing CNY 100 million was paid and 50% of the consideration representing CNY 143 million will be paid within seven business days after completion date of agreement and upon receipt of income tax payable evidence. Announcement • Jul 07
Rally Praise Limited completed the acquisition of additional 19.6% stake in PYI Corporation Limited (SEHK:498) from Hollyfield Group Ltd. Rally Praise Limited entered into an agreement to acquire additional 19.6% stake in PYI Corporation Limited (SEHK:498) from Hollyfield Group Ltd for approximately HKD 180 million on April 7, 2020. The fulfillment of the transaction is subject to certain conditions. Transaction is subject t customary closing conditions, including completion of 4.08% placing shares between PYI Corporation and independent third parties, PYI Corporation obtain all necessary approvals at the expense from its shareholdes and the Stock Exchange under the Listing Rules. Proceeds from the disposal will be used for potential acquisition, money lending business and r developing its commodities trading business and general working capital. On June 24, 2020, Hollyfield Group completed the disposal of 4.08% stake in PYI Corporation Limited by way of placing.
Rally Praise Limited completed the acquisition of additional 19.6% stake in PYI Corporation Limited (SEHK:498) from Hollyfield Group Ltd on July 6, 2020. 
