Board Change • May 08
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. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Non-Independent Non-Executive Director Kheng Yap 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. Insufficient board refreshment. Announcement • Apr 14
LY Corporation Limited, Annual General Meeting, Apr 29, 2026 LY Corporation Limited, Annual General Meeting, Apr 29, 2026, at 14:30 Singapore Standard Time. Location: room 330, suntec singapore, convention & exhibition centre, 1 raffles boulevard, singapore 039593, Singapore Reported Earnings • Mar 03
Full year 2025 earnings released: RM0.038 loss per share (vs RM0.014 loss in FY 2024) Full year 2025 results: RM0.038 loss per share (further deteriorated from RM0.014 loss in FY 2024). Revenue: RM196.6m (down 12% from FY 2024). Net loss: RM18.7m (loss widened 169% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. 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 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. Earnings have declined by 49% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (S$23.5m market cap, or US$18.5m). Announcement • Feb 15
LY Corporation Limited Provides Unaudited Earnings Guidance for the Second- Half Period and Financial Year Ended 31 December 2025 LY Corporation Limited provided unaudited earnings guidance for the second- half period and financial year ended 31 December 2025. The Group expects to report losses for second- half period and financial year ended 31 December 2025. The losses for second- half period and financial year 2025 were mainly attributable to lower revenue and higher operating expenses: decrease in the number of containers loaded with products ("40-ft containers") as a result of lower demand from the Group's customers from the United States of America; decrease in the average selling price per 40-ft container as a result of the weakening of United States dollars ("USD") against Malaysian Ringgit given that the Group's billing currency are primarily denominated in USD for export sales; and higher expenses incurred by the new subsidiaries mainly on advertising and marketing and staff costs. Announcement • Feb 13
LY Corporation Limited to Report Second Half, 2025 Results on Mar 01, 2026 LY Corporation Limited announced that they will report second half, 2025 results on Mar 01, 2026 Reported Earnings • Aug 17
First half 2025 earnings released: RM0.03 loss per share (vs RM0.01 profit in 1H 2024) First half 2025 results: RM0.03 loss per share (down from RM0.01 profit in 1H 2024). Revenue: RM102.2m (down 6.9% from 1H 2024). Net loss: RM14.6m (down 390% from profit in 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Announcement • May 27
Ly Corporation Limited Announces Change of Company Secretary LY Corporation Limited announced the appointment of Ms Pan Mi Keay as Company Secretary in place of Ms Chan Lai Yin, who has resigned with effect from May 26, 2025. Following the changes, the Company Secretary of the Company is Ms Pan Mi Keay. Reported Earnings • Apr 15
Full year 2024 earnings released: RM0.014 loss per share (vs RM0.017 loss in FY 2023) Full year 2024 results: RM0.014 loss per share (improved from RM0.017 loss in FY 2023). Revenue: RM222.4m (up 12% from FY 2023). Net loss: RM6.95m (loss narrowed 15% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Apr 12
LY Corporation Limited, Annual General Meeting, Apr 29, 2025 LY Corporation Limited, Annual General Meeting, Apr 29, 2025, at 14:30 Singapore Standard Time. Location: room 333, suntec singapore convention & exhibition centre, 1 raffles boulevard, singapore 039593, Singapore Reported Earnings • Mar 02
Full year 2024 earnings released: RM0.01 loss per share (vs RM0.017 loss in FY 2023) Full year 2024 results: RM0.01 loss per share (improved from RM0.017 loss in FY 2023). Revenue: RM222.4m (up 12% from FY 2023). Net loss: RM5.07m (loss narrowed 38% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Feb 17
LY Corporation Limited Provides Earnings Guidance for the Second-Half and Financial Year Ended 31 December 2024 LY Corporation Limited provided earnings guidance for the second-half and financial year ended 31 December 2024. For the period, the company expects expected to report a loss for 2H2024 and FY2024. The loss for 2H2024 and FY2024 were mainly attributable to lower average selling price and higher cost of sales and operating expenses (for 2H2024 and FY2024) as further elaborated below: (a) decrease in the number of containers loaded with products ("40-ft containers") as a result of lower demand from the Group's customers from the United States of America; (b) decrease in the average selling price per 40-ft container as a result of the weakening of Malaysian Ringgit against the United States dollars; and (c) higher expenses such as labour costs, subcontractors' cost, freight and handling charges and professional fees. Announcement • Feb 14
LY Corporation Limited Announces Resignation of Pan Mi Keay as Company Secretary The Board of Directors of LY Corporation Limited announced the resignation of Ms. Pan Mi Keay as Company Secretary of the Company with effect from 14 February 2025. Following the Resignation, the Company Secretary of the company is Ms. Chan Wan Mei. Announcement • Jan 17
Lebo Design Sdn Bhd agreed to acquire an additional 21% stake in Leyo Holdings Sdn Bhd from LY Corporation Limited (Catalist:1H8) for MYR 9.9 million. Lebo Design Sdn Bhd agreed to acquire an additional 21% stake in Leyo Holdings Sdn Bhd from LY Corporation Limited (Catalist:1H8) for MYR 1 on January 17, 2025. Upon completion, Lebo Design Sdn Bhd will own 68% stake in Leyo Holdings Sdn Bhd. For the period ending June 30, 2024, Leyo Holdings Sdn Bhd reported net income of MYR 0.52 million.
The Proposed Disposal of 210,000 ordinary shares in Leyo Holdings representing 21% of the total issued share capital of Leyo Holdings will be executed in two tranches. Tranche 1 comprises the disposal of 40,000 ordinary shares in Leyo Holdings representing 4% of the total issued share capital. Tranche 2 comprises the disposal of 170,000 ordinary shares in Leyo Holdings representing 17% of the total issued share capital of Leyo Holdings. Tranche 1 shall be conditional on Leyo Holdings having made part repayment to the Company such that amount of the outstanding loans and all interest accruing after repayment shall amount to RM5,000,000.00 or less. Tranche 2 shall be conditional upon Leyo Holdings having fully repaid the outstanding balance of the loans and all interest accruing within 3 years of the fulfilment of the above conditions. The expected completion of the transaction is January 17, 2031. Reported Earnings • Aug 14
First half 2024 earnings released: EPS: RM0.01 (vs RM0.02 loss in 1H 2023) First half 2024 results: EPS: RM0.01 (up from RM0.02 loss in 1H 2023). Revenue: RM109.7m (up 27% from 1H 2023). Net income: RM5.04m (up RM14.7m from 1H 2023). Profit margin: 4.6% (up from net loss in 1H 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 14% per year. Announcement • Aug 10
LY Corporation Limited to Report First Half, 2024 Results on Aug 08, 2024 LY Corporation Limited announced that they will report first half, 2024 results on Aug 08, 2024 Reported Earnings • Apr 15
Full year 2023 earnings released: RM0.017 loss per share (vs RM0.025 profit in FY 2022) Full year 2023 results: RM0.017 loss per share (down from RM0.025 profit in FY 2022). Revenue: RM198.9m (down 15% from FY 2022). Net loss: RM8.14m (down 166% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Announcement • Apr 11
LY Corporation Limited, Annual General Meeting, Apr 29, 2024 LY Corporation Limited, Annual General Meeting, Apr 29, 2024, at 14:30 Singapore Standard Time. Location: Room 328, Suntec Singapore Convention & Exhibition Centre, 1 Raffles Boulevard, Singapore 039593 Singapore Singapore Agenda: To consider adoption of the Directors' Statement, Audited Financial Statements and the Independent Auditors' Report for the financial year ended 31 December 2023; to consider Approval for payment of Directors' fees for the financial year ending 31 December 2024, payable quarterly in arrears; to consider re-election of Tan Yong Chuan as a Director of the Company; to consider re-election of Yeo Kian Wee Andy as a Director of the Company; to consider re-election of Choo Chee Beng as a Director of the Company; to consider re-appointment of Messrs PricewaterhouseCoopers LLP as Auditors of the Company; to consider authority to allot and issue shares; to consider authority to allot and issue shares under the LY Performance Share Plan; to consider renewal of the Interested Person Transactions Mandate; and to consider renewal of the Share BuyBack Mandate. Reported Earnings • Mar 01
Full year 2023 earnings released: RM0.017 loss per share (vs RM0.025 profit in FY 2022) Full year 2023 results: RM0.017 loss per share (down from RM0.025 profit in FY 2022). Revenue: RM198.9m (down 15% from FY 2022). Net loss: RM8.14m (down 166% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 45% 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. Announcement • Feb 02
LY Corporation Limited Announces Re-Designation of Yeo Kian Wee Andy from Independent Director to Independent Non-Executive Chairman of the Board of Directors; Chairman of the Remuneration Committee and Member of Audit and Risk Committee, Effective February 1, 2024 LY Corporation Limited announced the re-designation of Mr. Yeo Kian Wee Andy ("Mr Yeo") from Independent Director to Independent Non-Executive Chairman of the Board of Directors; Chairman of the Remuneration Committee and Member of Audit and Risk Committee, effective February 1, 2024. The company reviewed and approved by the Nominating Committee and the Board, after taking into account his qualifications and working experience, is of the view that the re-designation of Mr. Yeo as Independent Non-Executive Chairman of the Board will strengthen the independent element of the Board. Mr. Yeo had abstained from the deliberations and decision of his re-designation. Following Mr. Yeo's re-designation, he will remain as the Chairman of the Remuneration Committee, a member of the Audit and Risk Committee. Director Experience Details: Present: LY Corporation Limited, (from 20 December 2017 to current) (listed on SGX, Singapore) Tee International Limited (from 20 December 2020 to current) (listed on SGX, Singapore) Past: None. Professional Qualifications: Mr. Yeo graduated with a Bachelor of Laws from the National University of Singapore in 1996 and admitted as an advocate and solicitor in Singapore in 2000. He is a non-practicing solicitor of England and Wales, having been admitted to the Roll of Solicitors of England and Wales in 2010. Mr. Yeo has been an accredited international mediator of the Thailand Arbitration Centre since 2016. Announcement • Feb 01
LY Corporation Limited Appoints Choo Chee Beng as Independent Non-Executive Director, Chairman of the Audit and Risk Committee and A Member of the Nominating Committee and Remuneration Committee, Effective February 1, 2024 LY Corporation Limited announced the appointment of Choo Chee Beng as Independent Non-Executive Director, Chairman of the Audit and Risk Committee and a member of the Nominating Committee and Remuneration Committee, effective February 1, 2024. Working Experience: Director of Finance in United Malayan Land Berhad and Director of its subsidiaries (Jun 2020 to October 2023); Chief Financial Officer ("CFO") in Skyworld Development Sdn Bhd (Dec 2019 to June 2020); CFO in Big Bad Wolf Sdn Bhd /Bookxcess Sdn Bhd (April 2019 to December 2019) 4. Group CFO /Director of Operations in Naza TTDI Sdn Bhd (Jan 2015 to March 2019). Other DirectorShips Past: Avenue Ambience Sdn Bhd - Director; (2) Exquisite Skyline Sdn Bhd - Director; (3) Triple Vision City Sdn Bhd - Director; (4) UML Lifestyle Sdn Bhd - Director; (5) Exquisite Mode Sdn Bhd - Director; (6) Kia Ace Development Sdn Bhd - Director; (7) Cahaya Nusantara Sdn Bhd - Director; (8) Alpine Return Sdn Bhd - Director: and (9) Glittering Team Sdn Bhd Director. Director Experience Details: Mr. Choo has no prior experience in being a director of a company listed on the Exchange. He will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange. Professional Qualifications: Mr. Choo holds a Bachelor of Science (Second Class Honours) in Economics and Accounting from the University of Bristol, United Kingdom. He is also member of Malaysian Institute of Accountants (MIA) and Association of Chartered Certified Accountants (ACCA). Board Change • Dec 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Kheng Yap was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 06
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Kheng Yap was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 13
First half 2023 earnings released: RM0.02 loss per share (vs RM0.03 profit in 1H 2022) First half 2023 results: RM0.02 loss per share (down from RM0.03 profit in 1H 2022). Revenue: RM86.9m (down 36% from 1H 2022). Net loss: RM9.62m (down 166% from profit in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. Announcement • Aug 01
LY Corporation Limited to Report First Half, 2023 Results on Aug 14, 2023 LY Corporation Limited announced that they will report first half, 2023 results on Aug 14, 2023 Reported Earnings • Aug 18
First half 2022 earnings released: EPS: RM0.03 (vs RM0.005 loss in 1H 2021) First half 2022 results: EPS: RM0.03 (up from RM0.005 loss in 1H 2021). Revenue: RM134.9m (up 41% from 1H 2021). Net income: RM14.5m (up RM16.8m from 1H 2021). Profit margin: 11% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Announcement • May 02
LY Corporation Limited Announces Changes to the Composition of the Board of Directors The Board of Directors of LY Corporation Limited announced the following changes to the composition of the Board of Directors with effect from the conclusion of the Company's Annual General Meeting ("AGM") held on 29 April 2022. Mr. Lee Dah Khang has retired from the Board at the conclusion of the AGM. Mr. Oh Seong Lye has been appointed as Chairman of the Board of Directors of the Company at the conclusion of the AGM, in place of Mr. Tan Kwee Chai, who has relinquished his position as the Executive Chairman and remain as the Executive Director of the Company. The re-designation of Mr. Oh Seong Lye as the Independent Chairman of the Board of Directors of the Company will strengthen the board independence. There is no change to the composition of the Audit and Risk Committee, NominatingCommittee and Remuneration Committee. Board Change • Mar 09
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director Kheng Yap was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 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. 6 experienced directors. No highly experienced directors. Lead Independent Director Dah Khang Lee was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 30
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. 6 experienced directors. No highly experienced directors. Executive Chairman Kwee Tan was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Jun 02
LY Corporation Limited Temporarily Closes All its Factories Until 14 June 2021 The Board of Directors of LY Corporation Limited (the "Company" and together with its subsidiaries, the "Group") updated its shareholders that the Malaysian Government has imposed a full movement control order (the "FMCO") from 1 June 2021 to 14 June 2021 nationwide to curb the spread of the COVID-19 in Malaysia. Under the FMCO, all economic and social activities will not be allowed except for a list of essential economic sectors and services (the "List"). As furniture manufacturing is not included in the List, the Group will be temporarily closing all its factories until 14 June 2021 in compliance with the FMCO. If the measures undertaken by the Malaysian government is not able to reduce the number of daily Covid-19 cases to a satisfactory level, the lockdown may be extended and other standard operating procedures ("SOPs") may be announced later. Reported Earnings • Apr 30
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: RM238.6m (down 3.0% from FY 2019). Net income: RM4.83m (up 56% from FY 2019). Profit margin: 2.0% (up from 1.3% in FY 2019). The increase in margin was driven by lower expenses. Announcement • Apr 29
Ly Corporation Limited Proposes Final Dividend for the Year Ended December 31, 2020 LY Corporation Limited proposed first and final dividend of 0.1297 Singapore cent per ordinary share for FY2020, subject to shareholders' approval at the upcoming annual general meeting. This represents a dividend payout of 40.0% of the net profit attributable to the company's shareholders. Announcement • Feb 24
LY Corporation Limited to Report Fiscal Year 2020 Results on Apr 30, 2021 LY Corporation Limited announced that they will report fiscal year 2020 results on Apr 30, 2021 Announcement • Jan 09
KKM Issues Notices Ordering to Close 11 of LY Corporation Limited's Factories/Warehouses Until 16 January 2021 On 7 January 2021, KKM issued notices ordering to close 11 of LY Corporation Limited's factories/warehouses until 16 January 2021. In addition, KKM has also verbally sought the closure of 2 additional factories/warehouses. The Group complied with the requirements of KKM by closing 13 of its factories/warehouses (including those requested by KKM verbally). The Group also carried out all necessary sanitisations and disinfections for the said closed factories/warehouses in accordance with the relevant standard operating procedures prescribed by KKM. In view of the closure of the factories/warehouses and that a majority of the Group's workers are currently under quarantine and isolation, production will be affected in the short term. However, the Group is of the view that it has sufficient financial resources to support the Group's operations through this difficult period. The financial impact on the Group will depend on, but not limited to, factors such as the timing of reopening of the factories/warehouses, the release of the workers from quarantine and isolation and further government orders. The Company will continue to monitor the situation and provide updates on the matter where necessary. Announcement • Jan 08
LY Corporation Limited Announces Closure of Factories/Warehouses Until 11 January 2021 LY Corporation Limited announced that on 5 January 2021, KKM has also directed the closure of 7 factories/warehouses until 11 January 2021. All necessary disinfections, contact tracing, swab tests, quarantine and isolation of persons, where necessary, in relation to the above workers at the abovementioned closed hostels and factories/warehouses have also been carried out via the relevant SOP from KKM. The management has also decided to voluntarily conduct swab tests on all other employees of LY Furniture Sdn Bhd (a wholly-owned subsidiary of LY Corporation Limited), regardless of whether they are close contacts to the quarantined and isolated group. Such tests will be conducted beginning from 6 January 2021. With a majority of the workers currently under quarantined and isolated (857 out of 1,674 workers) and 7 factories/warehouses (out of 21 factories/warehouses) closed, production will be affected. Management is making the necessary contingency plans and adjustments to the production lines/processes while taking into consideration social distancing and other preventive measures for the remaining workers to continue limited production in a safe manner. Management also foresees that the production output of the Group will be affected in the short term and any material financial impact on the Group will be disclosed in due course. The Company will continue to monitor the situation and provide updates on the matter where necessary. 
