Reported Earnings • Feb 12
First half 2026 earnings released: S$0.003 loss per share (vs S$0 in 1H 2025) First half 2026 results: S$0.003 loss per share (further deteriorated from S$0 in 1H 2025). Revenue: S$10.5m (down 17% from 1H 2025). Net loss: S$630.0k (down S$641.0k from profit in 1H 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. New Risk • Feb 11
New major risk - Revenue and earnings growth Earnings have declined by 9.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 9.1% per year over the past 5 years. Market cap is less than US$10m (S$12.1m market cap, or US$9.58m). Announcement • Feb 05
CFM Holdings Limited to Report First Half, 2026 Results on Feb 14, 2026 CFM Holdings Limited announced that they will report first half, 2026 results on Feb 14, 2026 Reported Earnings • Oct 15
Full year 2025 earnings released: S$0.002 loss per share (vs S$0.009 profit in FY 2024) Full year 2025 results: S$0.002 loss per share (down from S$0.009 profit in FY 2024). Revenue: S$24.7m (down 16% from FY 2024). Net loss: S$327.0k (down 118% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Announcement • Oct 13
CFM Holdings Limited, Annual General Meeting, Oct 29, 2025 CFM Holdings Limited, Annual General Meeting, Oct 29, 2025, at 10:00 Singapore Standard Time. Location: 293 lor 6 toa payoh, safra toa payoh, reef room, level 3, singapore 319387, Singapore Reported Earnings • Aug 29
Full year 2025 earnings released: S$0.001 loss per share (vs S$0.009 profit in FY 2024) Full year 2025 results: S$0.001 loss per share (down from S$0.009 profit in FY 2024). Revenue: S$24.7m (down 16% from FY 2024). Net loss: S$305.0k (down 117% from profit in FY 2024). 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. New Risk • Jun 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$10.5m (US$8.16m) 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 Shares are highly illiquid. Market cap is less than US$10m (S$10.5m market cap, or US$8.16m). Minor Risk Profit margins are more than 30% lower than last year (3.0% net profit margin). Reported Earnings • Feb 18
First half 2025 earnings released: EPS: S$0 (vs S$0.005 in 1H 2024) First half 2025 results: EPS: S$0 (down from S$0.005 in 1H 2024). Revenue: S$12.6m (down 14% from 1H 2024). Net income: S$11.0k (down 99% from 1H 2024). Profit margin: 0.1% (down from 6.7% in 1H 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 14% per year. Announcement • Feb 12
CFM Holdings Limited to Report First Half, 2025 Results on Feb 14, 2025 CFM Holdings Limited announced that they will report first half, 2025 results on Feb 14, 2025 Announcement • Feb 07
CFM Holdings Limited Announces Board and Committee Changes The Board of Directors of CFM Holdings Limited announced the following: Mr. Chia Seng Hee has resigned as a Lead Independent Director of the Company with effect from 7 February 2025. Mr. Abdul Khair bin Abdul Jabar ("Mr. Khair") has been appointed as the Lead Independent Director of the Company, the Chairman of the Nominating Committee, and a member each of the Audit Committee and the Remuneration Committee of the Company with effect from 10 February 2025. Ms. Lin Sijia ("Ms. Lin") has been appointed as an Independent Director of the Company, the Chairman of the Audit Committee, and a member each of the Remuneration Committee and the Nominating Committee of the Company with effect from 10 February 2025. Mr. Lim Chi Yuin, Clarence ("Mr. Lim") has been appointed as an Independent Director of the Company, the Chairman of the Remuneration Committee, and a member each of the Audit Committee and the Nominating Committee of the Company with effect from 10 February 2025. Audit Committee; Ms. Lin Sija as Chairman, Mr. Abdul Khair bin Abdul Jabar as Member, Mr. Lim Chi Yuin, Clarence as Member. Nominating Committee; Mr. Abdul Khair bin Abdul Jabar as Chairman, Mdm. Lim Fong Li Janet as Member, Mr. Lim Chi Yuin, Clarence as Member, Ms. Lin Sijia as Member. Remuneration Committee; Mr. Lim Chi Yuin, Clarence as Chairman, Mr. Abdul Khair bin Abdul Jabar as Member, Ms. Lin Sijia as Member. Abdul’s Working Experience: 2021 to Present - Lecturer at Institute of Technical Education, Course Advisor for Nitec in Aerospace Machining Technology 2019 to 2021 - New Product Introduction Engineer (Project Management) at GE Aviation 2014 to 2019 - New Product Introduction Engineer (Project Management) at Windsor Airmotive Asia Pte Ltd. (Barnes Aerospace) 2014 to 2015 - Adjunct Lecturer at Singapore Polytechnic. Director Experience Details: The Company intends for Mr. Abdul Khair bin Abdul Jabar to attend the next run of the Singapore Institute of Directors' Listed Entity Director Programme, which will take place between 11 and 26 March 2025. Mr. Abdul Khair bin Abdul Jabar has committed that, if appointed, he will complete all the core and elective modules at the earliest time possible. Barring exigences, Mr. Abdul Khair bin Abdul Jabar should complete the mandatory training by 26 March 2025. Professional Qualifications: Bachelor of Engineering in Mechanical Engineering (Honours), Nanyang Technological University. Board Change • Dec 05
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Lead Independent Director Jack Chia 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. Insufficient board refreshment. New Risk • Oct 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$13.1m (US$9.92m) 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 Shares are highly illiquid. Market cap is less than US$10m (S$13.1m market cap, or US$9.92m). Minor Risk Profit margins are more than 30% lower than last year (6.1% net profit margin). Reported Earnings • Oct 12
Full year 2024 earnings released: EPS: S$0.009 (vs S$0.052 in FY 2023) Full year 2024 results: EPS: S$0.009 (down from S$0.052 in FY 2023). Revenue: S$29.6m (flat on FY 2023). Net income: S$1.80m (down 83% from FY 2023). Profit margin: 6.1% (down from 36% in FY 2023). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Oct 11
CFM Holdings Limited, Annual General Meeting, Oct 28, 2024 CFM Holdings Limited, Annual General Meeting, Oct 28, 2024, at 10:00 Singapore Standard Time. Location: 293 lor 6 toa payoh, safra toa payoh, reef room, level 3, singapore 319387, Singapore Announcement • Oct 10
Cfm Holdings Limited Announces Retirement of Mr. Teo Kian Huat as an Independent Director, Chairman of the Nominating Committee, A Member Each of the Audit Committee and Remuneration Committee CFM Holdings Limited announced retirement of Mr. Teo Kian Huat as an Independent Director, Chairman of the Nominating Committee, a member each of the Audit Committee and Remuneration Committee. Other DirectorShips Past are 1) ZACD Capital Pte. Ltd. 2) Carrington RHT Investments Pte. Ltd. (formerly known as RH Investments Pte. Ltd.) 3) RHT Strategic Advisory Pte. Ltd. 4) Pivot Medical Pte. Ltd. Other DirectorShips Present are 1) Anthea Holdings Pte. Ltd. 2) S Aesthetics Clinic Pte. Ltd. 3) Dtap Express Pte. Ltd. 4) Anthea Holdings 1 Pte. Ltd. 5) iCapital Holdings (SG) Pte. Ltd. 6) Vitalink Technology (APAC) Pte. Ltd. 7) iCapital Synergrowth Pte. Ltd. 8) One Raffles Partners LLP. Announcement • Sep 17
CFM Holdings Limited Announces Joint Company Secretary Changes The Board of Directors of CFM Holdings Limited announced that Ms. Cheok Hui Yee has been appointed as joint company secretary of the Company with effect from 17 September 2024 in place of Ms. Siau Kuei Lian who has resigned as the joint company secretary of the Company with effect from 17 September 2024. Ms. Goh Xun Er, remains as the company secretary of the Company. Reported Earnings • Aug 28
Full year 2024 earnings released: EPS: S$0.009 (vs S$0.052 in FY 2023) Full year 2024 results: EPS: S$0.009 (down from S$0.052 in FY 2023). Revenue: S$29.6m (flat on FY 2023). Net income: S$1.80m (down 83% from FY 2023). Profit margin: 6.1% (down from 36% in FY 2023). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. New Risk • Aug 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 (14% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Dividend is not well covered by cash flows (90% cash payout ratio). Profit margins are more than 30% lower than last year (7.1% net profit margin). Market cap is less than US$100m (S$15.9m market cap, or US$12.1m). New Risk • Jun 11
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 Singaporean stocks, typically moving 8.4% 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 Dividend is not well covered by cash flows (90% cash payout ratio). Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (7.1% net profit margin). Market cap is less than US$100m (S$15.5m market cap, or US$11.5m). Reported Earnings • Feb 03
First half 2024 earnings released: EPS: S$0.005 (vs S$0.047 in 1H 2023) First half 2024 results: EPS: S$0.005 (down from S$0.047 in 1H 2023). Revenue: S$14.5m (up 3.0% from 1H 2023). Net income: S$980.0k (down 90% from 1H 2023). Profit margin: 6.7% (down from 67% in 1H 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. New Risk • Feb 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.1% Last year net profit margin: 38% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (90% cash payout ratio). Dividend is not well covered by cash flows (90% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.1% net profit margin). Market cap is less than US$100m (S$16.9m market cap, or US$12.7m). Market cap is less than US$100m (S$16.9m market cap, or US$12.7m). Announcement • Feb 01
CFM Holdings Limited Appoints Goh Xun Er as Joint Company Secretary The board of directors of CFM Holdings Limited announced that Ms. Goh Xun Er has been appointed as joint company secretary of the company with effect from 1 February 2024. Reported Earnings • Dec 07
Full year 2023 earnings released: EPS: S$0.052 (vs S$0.009 in FY 2022) Full year 2023 results: EPS: S$0.052 (up from S$0.009 in FY 2022). Revenue: S$29.7m (up 11% from FY 2022). Net income: S$10.5m (up 459% from FY 2022). Profit margin: 36% (up from 7.0% in FY 2022). Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Oct 27
CFM Holdings Limited, Annual General Meeting, Oct 26, 2023 CFM Holdings Limited, Annual General Meeting, Oct 26, 2023, at 11:00 Singapore Standard Time. Agenda: To approve Directors' Statement and Audited Financial Statements for the financial year ended 30 June 2023 together with the Independent Auditors' Report; to approve final cash dividend; to approve re-election of directors; and to consider other matters. New Risk • Aug 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 92% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (92% accrual ratio). Minor Risk Market cap is less than US$100m (S$18.5m market cap, or US$13.7m). New Risk • Aug 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 High level of non-cash earnings (77% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (S$18.1m market cap, or US$13.4m). Reported Earnings • Feb 15
First half 2023 earnings released: EPS: S$0.047 (vs S$0.001 in 1H 2022) First half 2023 results: EPS: S$0.047 (up from S$0.001 in 1H 2022). Revenue: S$14.1m (up 15% from 1H 2022). Net income: S$9.40m (up S$9.10m from 1H 2022). Profit margin: 67% (up from 2.4% in 1H 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 137% per year but the company’s share price has only increased by 104% per year, which means it is significantly lagging earnings growth. Announcement • Jan 14
CFM Holdings Limited Announces Changes to Composition of Board and Board Committees The Board of Directors of CFM Holdings Limited announced the following with immediate effect: Mr. Stephen Poh Yong Meng has been appointed as a Non-Executive Independent Director of the Company, a member each of the Audit Committee, the Remuneration Committee and the Nominating Committee of the Company with effect from 13 January 2023. Following the appointment of Mr. Stephen Poh as a Non-Executive Independent Director, the composition of the Board shall be as follows: Board of Directors: Mr. Ip Kwok Wing - Executive Chairman; Mdm Lim Fong Li Janet - Executive Director and Chief Executive Officer; Mr. Chia Seng Hee - Lead Independent Director; Mr. Teo Kian Huat - Independent Director; and Mr. Stephen Poh Yong Meng - Independent Director. Audit Committee: Mr. Chia Seng Hee - Chairman; Mr. Teo Kian Huat - Member; and Mr. Stephen Poh Yong Meng – Member. Nominating Committee: Mr. Teo Kian Huat - Chairman; Mdm Lim Fong Li Janet - Member; Mr. Chia Seng Hee - Member; and Mr. Stephen Poh Yong Meng – Member. Remuneration Committee: Mr. Chia Seng Hee - Chairman; Mr. Teo Kian Huat - Member; and Mr. Stephen Poh Yong Meng – Member. Working Experience of Stephen Poh Yong Meng: Present Volunteer Mediator with Community Mediation Centre Present Friend of Litigant-in-Person of the Court (Community Justice Centre). Other Directorships Past: Ecolink Pte. Ltd. Liquid Health Pte. Ltd. Grant Sherman Appraisal Advisory Private Limited. Other Directorships Present: Jack Global Consulting Pte. Ltd. Metro Premium Steel Pte. Ltd. Standard Commerce Services Pte. Ltd. Appointment Date is January 13, 2023. Announcement • Oct 29
CFM Holdings Limited Approves Final Cash Dividend for the Financial Year Ended 30 June 2022 CFM Holdings Limited at its Annual General Meeting of the company held on October 28, 2022, approved tax exempt (one tier) final cash dividend of 0.09924 cents per ordinary share for the financial year ended 30 June 2022. Announcement • Oct 27
CFM Holdings Limited Announces Board Changes CFM Holdings Limited announce the following with immediate effect: Mr. Lo Kim Seng ("Mr. Lo") will be retiring as an Independent Director of the Company at the conclusion of the Annual General Meeting on 28 October 2022. Mr. Teo Kian Huat ("Mr. Teo") has been re-designated as the Chairman of the Nominating Committee at the conclusion of the Annual General Meeting on 28 October 2022. Consequent to Mr. Lo's retirement as an Independent Director of the Company and the re- designation of Mr. Teo, the composition of the Board shall be revised, at the conclusion of the Annual General Meeting on 28 October 2022, as follows:- Board of Directors:- Mr. Ip Kwok Wing - Executive Chairman, Mdm Lim Fong Li Janet - Executive Director and Chief Executive Officer, Mr. Chia Seng Hee - Lead Independent Director, Mr. Teo Kian Huat - Independent Director. Audit Committee a:- Mr. Chia Seng Hee - Chairman, Mr. Teo Kian Huat - Member. Nominating Committee:- Mr. Teo Kian Huat - Chairman. Mdm Lim Fong Li Janet - Member. Mr. Chia Seng Hee - Member. Remuneration Committee:- Mr. Chia Seng Hee - Chairman, Mr. Teo Kian Huat - Member. Reported Earnings • Oct 14
Full year 2022 earnings released: EPS: S$0.009 (vs S$0.002 in FY 2021) Full year 2022 results: EPS: S$0.009 (up from S$0.002 in FY 2021). Revenue: S$26.9m (up 30% from FY 2021). Net income: S$1.89m (up 353% from FY 2021). Profit margin: 7.0% (up from 2.0% in FY 2021). The increase in margin was driven by higher revenue. Reported Earnings • Aug 31
Full year 2022 earnings released Full year 2022 results: Revenue: S$26.9m (up 30% from FY 2021). Net income: S$1.89m (up 353% from FY 2021). Profit margin: 7.0% (up from 2.0% in FY 2021). The increase in margin was driven by higher revenue. Announcement • Aug 30
CFM Holdings Limited Recommends Tax Exempt Final Cash Dividend in Respect of the Full Year Ended 30 June 2022 CFM Holdings Limited recommend a tax exempt final cash dividend of 0.09924 cents per share in respect of the full year ended 30 June 2022. The proposed dividend above is subject to Shareholders' approval at the upcoming AGM. Announcement • Jul 05
CFM Holdings Limited Announces Change of Company Secretary CFM Holdings Limited announced that Ms. Shirley Tan Sey Liy has been appointed as Secretary of the Company with effect from 4 July 2022 in place of Mr. Lee Tiong Hock who had resigned as Secretary of the Company on 4 July 2022. Announcement • Jun 18
CFM Holdings Limited Announces Executive Changes, Effective 20 June 2022 CFM Holdings Limited announce that Mr. Lee Tiong Hock has been appointed as Secretary of the Company with effect from 20 June 2022 in place of Mr. Tan Wee Sin who had resigned as Secretary of the Company on 20 June 2022. Reported Earnings • Feb 14
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: S$0.001 (up from S$0 in 1H 2021). Revenue: S$12.3m (up 27% from 1H 2021). Net income: S$296.0k (up S$332.0k from 1H 2021). Profit margin: 2.4% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 30
CFM Holdings Limited Provides Group Earnings Guidance for the Six Month Ended 31 December 2021 CFM Holdings Limited provided group earnings guidance for the six month ended 31 December 2021. Based on the preliminary figures, the group expected to record a profit after tax for half year 2022 as compared to the net loss after tax for half year 2021. The improvement in financial performance in terms of profit after tax for half year 2022 was mainly due to higher revenue by the metal stamping segment due to ramp up of customer's orders, increase in unit price to customers due to global material price increase and a slightly higher revenue from the cleanroom segment, whilst lower revenue was generated by the toolings, warehousing and logistics segments. Despite incurring higher operational costs and tax, the company is expected to record a profit after tax for half year 2022 as compared to a net loss after tax for half year 2021. Announcement • Jan 28
CFM Holdings Limited to Report First Half, 2022 Results on Feb 14, 2022 CFM Holdings Limited announced that they will report first half, 2022 results on Feb 14, 2022 Reported Earnings • Aug 29
Full year 2021 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: S$20.7m (up 19% from FY 2020). Net income: S$417.0k (up S$1.12m from FY 2020). Profit margin: 2.0% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Executive Departure • Jul 14
Lead Independent Director Kwong Er has left the company On the 5th of July, Kwong Er's tenure as Lead Independent Director ended after 8.4 years in the role. We don't have any record of a personal shareholding under Kwong's name. Kwong is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.00 years. Announcement • Jun 03
CFM Holdings Limited (Catalist:5EB) entered into a Sale and Purchase Agreement to acquire 51% stake in SING-SWE MM Biotechnology Pte. Ltd. from New Energy Industry Sweden AB, Wang Xinmeng and Gao Hong for SGD 7.9 million. CFM Holdings Limited (Catalist:5EB) entered into a Sale and Purchase Agreement to acquire 51% stake in SING-SWE MM Biotechnology Pte. Ltd. from New Energy Industry Sweden AB, Wang Xinmeng and Gao Hong for SGD 7.9 million on June 3, 2021. In consideration for the Sale Shares, CFM shall allot and issue an aggregate of up to 120,000,000 new fully-paid up ordinary shares in its capital at an issue price of S$0.051 each to the Vendors. The First Tranche of Consideration Shares will be computed based on the Target Group NPAT generated during the period from SING-SWE’s date of incorporation and ending on 31 July 2021. In addition, the Second Tranche of Consideration Shares shall be computed based on the Target Group NPAT generated during the period from (and not prior to) 1 August 2021 and ending on 30 November 2021. First Tranche and Second Tranche cumulatively shall not exceed 120,000,000 Consideration Shares. The Second Tranche shall be allotted and issued to the Vendors at a date and time to be determined by CFM but in any event no later than 31 December 2021 (the “Earn-Out Date”) All of the Sale Shares in SING-SWE owned by Gao Hong and Wang Xinmeng (each of whom own 15 Sale Shares representing 15% of SING-SWE’s issued share capital) will be acquired by CFM, and 21 Sale Shares (representing 21% of SING-SWE’s issued share capital) will be acquired from NEIS. Upon Completion, CFM will own 51% of SING-SWE and SING-SWE will become a subsidiary of CFM, and NEIS will own the remaining 49% of SING-SWE’s issued share capital.
The transaction is subject to approval of CFM shareholders, the completion of due diligence on SING-SWE by CFM and approval for the listing and quotation of the Consideration Shares on the Catalist Board of the SGX-ST being obtained by CFM. The transaction is expected to close as of September 30, 2021. Announcement • Feb 03
CFM Holdings Limited to Report First Half, 2021 Results on Feb 10, 2021 CFM Holdings Limited announced that they will report first half, 2021 results on Feb 10, 2021 Reported Earnings • Oct 16
Full year earnings released - S$0.0035 loss per share Over the last 12 months the company has reported total losses of S$703.0k, with earnings decreasing by S$990.7k from the prior year. Total revenue was S$17.4m over the last 12 months, down 14% from the prior year. Announcement • Aug 21
CFM Holdings Limited to Report Fiscal Year 2020 Results on Aug 28, 2020 CFM Holdings Limited announced that they will report fiscal year 2020 results on Aug 28, 2020 
