Board Change • May 06
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Chairman Alvin Yeo is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 16
Full year 2025 earnings released: EPS: S$0 (vs S$0 in FY 2024) Full year 2025 results: EPS: S$0 (in line with FY 2024). Revenue: S$60.4m (up 7.5% from FY 2024). Net income: S$437.0k (up 47% from FY 2024). Profit margin: 0.7% (up from 0.5% in FY 2024). The increase in margin 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 fallen by 52% per year, which means it is performing significantly worse than earnings. Announcement • Apr 11
Bacui Technologies International Ltd., Annual General Meeting, Apr 28, 2026 Bacui Technologies International Ltd., Annual General Meeting, Apr 28, 2026, at 10:00 Singapore Standard Time. Location: the national university of singapore, society (nuss), suntec city guild house, 3 temasek boulevard, tower 5, 02-401/402,suntec city mall singapore 038983, Singapore Board Change • Mar 30
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Chairman Alvin Yeo is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 07
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 Risks Shares are highly illiquid. Market cap is less than US$10m (S$8.72m market cap, or US$6.82m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Reported Earnings • Mar 03
Full year 2025 earnings released Full year 2025 results: Revenue: S$60.6m (up 8.1% from FY 2024). Net income: S$437.0k (up 47% from FY 2024). Profit margin: 0.7% (up from 0.5% in FY 2024). The increase in margin was driven by higher revenue. New Risk • Mar 01
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 Risks Shares are highly illiquid. Market cap is less than US$10m (S$8.72m market cap, or US$6.89m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). New Risk • Jan 19
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Market cap is less than US$10m (S$8.72m market cap, or US$6.78m). Minor Risk Paying a dividend despite having no free cash flows. Board Change • Nov 26
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman Alvin Yeo is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 16
First half 2025 earnings released First half 2025 results: EPS: S$0. Net income: S$372.0k (up S$372.0k from 1H 2024). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 12
Full year 2024 earnings released: EPS: S$0 (vs S$0 in FY 2023) Full year 2024 results: EPS: S$0 (in line with FY 2023). Revenue: S$56.1m (up 5.3% from FY 2023). Net income: S$297.0k (up S$805.0k from FY 2023). Profit margin: 0.5% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Announcement • Apr 10
Bacui Technologies International Ltd., Annual General Meeting, Apr 28, 2025 Bacui Technologies International Ltd., Annual General Meeting, Apr 28, 2025, at 10:00 Singapore Standard Time. Location: the national university of singapore, society (nuss), suntec city guild house, 3 temasek boulevard, tower 5, 02-401/402, suntec city mall, singapore 038983, Singapore New Risk • Feb 28
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 Risks Share price has been highly volatile over the past 3 months (87% average weekly change). Shareholders have been substantially diluted in the past year (300% increase in shares outstanding). Market cap is less than US$10m (S$4.36m market cap, or US$3.23m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). New Risk • Jan 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 300% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (300% increase in shares outstanding). Market cap is less than US$10m (S$4.36m market cap, or US$3.19m). Board Change • May 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman Alvin Yeo is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 13
Bacui Technologies International Ltd., Annual General Meeting, Apr 30, 2024 Bacui Technologies International Ltd., Annual General Meeting, Apr 30, 2024, at 14:00 Singapore Standard Time. Location: The National University of Singapore Society (NUSS), Suntec City Guild House 3 Temasek Boulevard, Tower 5, #02-401/402, Suntec City Mall Singapore Singapore Agenda: To consider adoption of the Directors' Statement and the Audited Financial Statements of the Company and of the Group for the financial period ended 31 December 2023, together with the Independent Auditor's Report thereon; to consider re-election of Mr. Yeo Kan Yen as a Director of the Company ("Director") retiring under Regulation 114 of the Constitution of the Company; to consider re-election of Mr. Yang Li as a Director retiring under Regulation 125 of the Constitution of the Company; to consider re-election of Mr. Yang Ran as a Director retiring under Regulation 125 of the Constitution of the Company; to consider approval of the payment of Directors' fees of S$61,666 for FP2023 (FY2023: S$118,431); to consider approval of the payment of Directors' fees of S$130,000 for FY2024, to be paid quarterly in arrears (FP2023: S$61,666); and to consider other matters. Board Change • Nov 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman Alvin Yeo is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Oct 19
Bacui Technologies International Ltd. Announces Resignation of Ng Kai Man as Executive Director Bacui Technologies International Ltd. announced the resignation of Ng Kai Man as Executive Director. Responsible for the Company's business development and sets the strategic directions of the Company. Other DirectorShips: Present - Bacui Technologies International Ltd. - 21 Group Limited - Kingswick Strategy Limited - Smart Arrow Limited - Century 21 Hong Kong Limited - Precheer Limited - China Perfect Limited - Menkin Limited - Hilyard Pacific Limited - Century 21 Surveyors Limited - Century 21 Property Agency Limited - New Leader Limited - Century 21 Apac Limited - One Culture Limited - Grand Rich Resources Limited - Richy Fame International Limited - Kingbox Investments Limited - Asset Expert Limited - Vigour Well Limited - Century 21 Limitada /Century 21 Limited - Century 21 Holdings Pte Ltd. - Gaintech International Development Ltd. - Somerset Profits Ltd. - Speedy Cloud Ltd. - Fame Harvest Limited - Win Win Finance Limited - Bless Concept Limited - Earning Project Limited - True Bonus Limited - Hero Max Holdings Limited. Reason For Cessation: Shareholders have approved the change of the Company's core businesses on 31 July 2023. In this regard, the disposal of the Group's old businesses in Malaysia and Hong Kong were completed and Mr. Ng Kai Man ("Mr. Ng") is of the view that it is timely for him to step down at this juncture. After having interviewed Mr. Ng and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that, save as disclosed in this announcement, there are no other material reasons for the resignation of Mr. Ng as the Executive Director of the Company. Announcement • Oct 13
Imperium Conferences Sdn Bhd completed the acquisition of Inovatif Media-Asia Sdn Bhd from Bacui Technologies International Ltd. (Catalist:YYB). Imperium Conferences Sdn Bhd entered into a sale and purchase agreement to acquire Inovatif Media-Asia Sdn Bhd from Bacui Technologies International Ltd. for MYR 0.03 million on September 20, 2023. Bacui Technologies International Ltd. intends to use the net proceeds for working capital purposes. Completion is expected to take place within one month from the date of the SPA.
Imperium Conferences Sdn Bhd completed the acquisition of Inovatif Media-Asia Sdn Bhd from Bacui Technologies International Ltd. (Catalist:YYB) on October 12, 2023. Announcement • Sep 29
Chan Cheong Chun completed the acquisition of Fame Harvest Group Limited from Bacui Technologies International Ltd. (Catalist:YYB). Chan Cheong Chun entered into a sale and purchase agreement to acquire Fame Harvest Group Limited from Bacui Technologies International Ltd. (Catalist:YYB) for HKD 1.8 million on September 7, 2023. The acquisition conditional upon approval of the board of directors of Bacui, due diligence review and required approvals, consents, clearances, releases and/or waivers in connection therewith and incidental thereto being obtained from any relevant governmental body. The acquisition is expected to close by September 30, 2023. Bacui Technologies intends to use the net proceeds for working capital purposes.Chan Cheong Chun completed the acquisition of Fame Harvest Group Limited from Bacui Technologies International Ltd. (Catalist:YYB) on September 27, 2023. Announcement • Sep 21
Imperium Conferences Sdn Bhd entered into a sale and purchase agreement to acquire Inovatif Media-Asia Sdn Bhd from Bacui Technologies International Ltd. for MYR 0.03 million. Imperium Conferences Sdn Bhd entered into a sale and purchase agreement to acquire Inovatif Media-Asia Sdn Bhd from Bacui Technologies International Ltd. for MYR 0.03 million on September 20, 2023. Bacui Technologies International Ltd. intends to use the net proceeds for working capital purposes. Completion is expected to take place within one month from the date of the SPA. Announcement • Sep 08
Chan Cheong Chun entered into a sale and purchase agreement to acquire Fame Harvest Group Limited for HKD 1.8 million from Bacui Technologies International Ltd. Chan Cheong Chun entered into a sale and purchase agreement to acquire Fame Harvest Group Limited for HKD 1.8 million from Bacui Technologies International Ltd. (Catalist:YYB) on September 7, 2023. The acquisition conditional upon approval of the board of directors of Bacui, due diligence review and required approvals, consents, clearances, releases and/or waivers in connection therewith and incidental thereto being obtained from any relevant governmental body. The acquisition is expected to close by September 30, 2023. Bacui Technologies intends to use the net proceeds for working capital purposes. Announcement • Jul 22
Arion Entertainment Singapore Limited Announces Resignation of Lee Keng Mun as Independent Non-Executive Director, Chairman of the Remuneration Committee, and Member of the Audit Committee and Nominating Committee Arion Entertainment Singapore Limited announced the resignation of Mr. Lee Keng Mun as Independent Non-Executive Director, Chairman of the Remuneration Committee, and member of the Audit Committee and Nominating Committee. The role and responsibilities as an Independent Non-Executive Director, Chairman of the Remuneration Committee, and member of the Audit Committee and Nominating Committee. Mr. Lee has past other directorships in Asia-Pacific Strategic Investments Limited and Global Alliance Property Pte Ltd. Mr. Lee has present other directorships in Asia-Pacific Strategic Investments Holding Limited, Huzhou Dixi Gengdu Ecological Agriculture Development Co. Ltd., Zhongfang Lianhe Grand Canal Cutural Tourism Group Co. Ltd. The reason for cessation: Mr. Lee, who has served on the Board for more than 7 years, will step down from the Board to facilitate Board renewal. Mr. Lee feels that it is timely for him to step down at this juncture with the recent acquisition of the new business so that the new Board can continue to lead the Company to greater heights. Accordingly, Mr. Lee will relinquish his role as Independent Non-Executive Director, and his position as Chairman of the Remuneration Committee and member of the Audit Committee and Nominating Committee. After having interviewed Mr. Lee and to the best of its knowledge, the Company's Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the resignation of Mr. Lee as an Independent Non-Executive Director of the Company. The Board and the Nominating Committee are currently in the process of reviewing the Board's composition and if deem fit, will search for suitable candidate to be appointed to the Board as an Independent Director and member of its Board Committees to ensure compliance with the Code of Corporate Governance 2018 and relevant Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist. The Board will update Shareholders when appropriate. Reported Earnings • Jul 15
Full year 2023 earnings released: EPS: S$0 (vs S$0.001 loss in FY 2022) Full year 2023 results: EPS: S$0 (improved from S$0.001 loss in FY 2022). Revenue: S$859.0k (down 4.6% from FY 2022). Net income: S$435.0k (up S$1.36m from FY 2022). Profit margin: 51% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jul 07
Arion Entertainment Singapore Limited Announces Resignation of Kesavan Nair as Independent Non-Executive Director, Chairman of the Nominating Committee, and Member of the Audit Committee and Remuneration Committee Arion Entertainment Singapore Limited announced resignation of Mr. Kesavan Nair as Independent Non-Executive Director, Chairman of the Nominating Committee, and member of the Audit Committee and Remuneration Committee.Reason For Cessation: Mr. Nair, who has served on the Board for more than 10 years, will step down from the Board to facilitate Board renewal. Accordingly, Mr. Kesavan Nair will relinquish his role as Independent Non-Executive Director of the Company and his position as Chairman of the Nominating Committee and member of the Audit Committee and Remuneration Committee. After having interviewed Mr. Nair and to the best of its knowledge, the Company's Sponsor is satisfied that, save as disclosed in this announcement, there are no other material reasons for the resignation of Mr. Nair as an Independent Non-Executive Director of the Company. Reported Earnings • May 30
Full year 2023 earnings released Full year 2023 results: Revenue: S$2.72m (up 202% from FY 2022). Net income: S$435.0k (up S$1.36m from FY 2022). Profit margin: 16% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Recent Insider Transactions • Apr 29
Insider recently bought S$993k worth of stock On the 25th of April, Jiantao Chen bought around 124m shares on-market at roughly S$0.008 per share. This transaction increased Jiantao Chen's direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought S$972k more in shares than they have sold in the last 12 months. Board Change • Jan 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Keng Mun Lee was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 07
Watches.com Limited (Catalist:WVJ) cancelled the acquisition of a 27.44% stake in Arion Entertainment Singapore Limited (Catalist:YYB). Ntegrator International Ltd. (Catalist:5HC) entered into a share purchase agreement to acquire a 27.44% stake in Arion Entertainment Singapore Limited (Catalist : YYB) from Ng Kai Man, Chan Shui Sheung, Ivy and Lee Chun Ming for SGD 3 million on April 13, 2022. The consideration was determined on a willing-buyer-willing-seller basis. The consideration shall be satisfied (a) by offsetting the cash deposit of SGD 1 million against the consideration; and (ii) by paying the balance consideration by way of promissory notes or such other payment method as the parties may mutually agree in writing. The consideration will be funded from internal resources. Ng Kai Man will remain as an Executive Director of the Arion Entertainment Singapore immediately after the completion of the proposed sale. Pursuant to transaction, Ntegrator will hold 256,320,900 shares, representing a 27.44% stake in Arion Entertainment Singapore. The transaction is subject to due diligence investigation, appointment of two (2) directors nominated by Ntegrator with effect from the completion Date, board of directors and shareholders approval of Ntegrator and all necessary approvals. The transaction is expected to close in second quarter of 2022. As of July 22, 2022, the Long Stop Date for completion of the transaction is extended by one month, to 12 August 2022.
Watches.com Limited (Catalist:WVJ) cancelled the acquisition of a 27.44% stake in Arion Entertainment Singapore Limited (Catalist:YYB) on October 6, 2022. Reported Earnings • Jul 17
Full year 2022 earnings released: S$0.001 loss per share (vs S$0.001 loss in FY 2021) Full year 2022 results: S$0.001 loss per share (vs S$0.001 loss in FY 2021). Revenue: S$0 (flat on FY 2021). Net loss: S$929.0k (loss widened 33% from FY 2021). Profit margin: (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Jul 15
Arion Entertainment Singapore Limited, Annual General Meeting, Jul 29, 2022 Arion Entertainment Singapore Limited, Annual General Meeting, Jul 29, 2022, at 10:00 Singapore Standard Time. Agenda: To receive and adopt the Directors' Statement and the Audited Financial Statements of the Company and the Group for the financial year ended 31 March 2022; to approve the payment of Directors' fees of SGD 118,034 for the financial year ended 31 March 2022; to consider the re-election of directors; to re-appoint Messrs Nexia TS Public Accounting Corporation as the Independent Auditor of the Company and to authorise the Directors to fix their remuneration; and to transact any other ordinary business which may be properly transacted at an AGM. Reported Earnings • Jun 01
Full year 2022 earnings released Full year 2022 results: Revenue: S$907.0k (up 5.1% from FY 2021). Net loss: S$929.0k (loss widened 33% from FY 2021). Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Keng Mun Lee was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 18
Full year 2021 earnings released: S$0.001 loss per share (vs S$0.002 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: S$863.0k (down 1.4% from FY 2020). Net loss: S$699.0k (loss narrowed 33% from FY 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • May 30
Full year 2021 earnings released The company reported a solid full year result with reduced losses and improved control over expenses, although revenues were flat. Full year 2021 results: Revenue: S$881.0k (flat on FY 2020). Net loss: S$699.0k (loss narrowed 33% from FY 2020). 
