Announcement • Apr 10
Halcyon Agri Corporation Limited, Annual General Meeting, Apr 28, 2025 Halcyon Agri Corporation Limited, Annual General Meeting, Apr 28, 2025, at 15:00 Singapore Standard Time. Location: hope & faith meeting room, ywca fort canning, 6 fort canning road, singapore 179494, Singapore Announcement • Feb 21
Halcyon Agri Corporation Limited Announces Appointment of Wang Hongxiang as Non-Independent Non-Executive Director Halcyon Agri Corporation Limited announced that Mr. Wang Hongxiang ("Mr Wang") for the appointment as a Non-Independent Non-Executive Director, the Board approved the appointment of Mr. Wang as a Non-Independent Non-Executive Director. Working Experience: 2016 to 2021, Xinxing Township of Tunchang County Secretary, CCP Party 2016 to 2021, Tunchang County, Hainan Province CCP Party Committee member and Deputy County Mayor; Third-Level Researchers. Other DirectorShips Present: The Chairman of HRG. Professional Qualifications: Bachelor in Chinese language, Hainan Normal University, The People's Republic of China. Appointment Date is February 21, 2025. Announcement • Dec 26
Halcyon Agri Corporation Limited Announces Resignation of Zhang Daqiang as the Executive Director and Chief Strategy Officer Halcyon Agri Corporation Limited announced resignation of Mr. Zhang Daqiang as the Executive Director and Chief Strategy Officer of the Company. Role And Responsibilities: Mr. Zhang is in charge of establishing and formulating the Company's strategy and annual business plan and support the Chief Executive Officer and Board on strategic initiatives and inorganic investments. Other DirectorShips Past: 1) China Rubber Technology Group Co. Ltd. Other DirectorShips Present: (1) R1 International Investment Holding Group Company Limited (2) R1 International Private Company Limited (3) PT Kirana Megatara Tbk (4) Shanghai Longking International Co. Ltd. (5) Zhong Xiang Resource (Hainan) Co. Ltd. Reason For Cessation: Mr. Zhang Daqiang ("Mr Zhang") will be reassigned to other responsibilities within China Hainan Rubber Industry Co. Ltd. ("HRG") Group. Mr. Zhang will be working closely with the Board of Directors to achieve a smooth transition. Announcement • Apr 09
Halcyon Agri Corporation Limited, Annual General Meeting, Apr 24, 2024 Halcyon Agri Corporation Limited, Annual General Meeting, Apr 24, 2024, at 15:00 Singapore Standard Time. Location: Hope & Faith meeting room, Level 3, YWCA Fort Canning, 6 Fort Canning Road, Singapore Agenda: To consider and approve the adoption of Directors' Statement, Audited Financial Statements and Independent Auditor's Report; to consider and re-election of Mr. Eddie Chan Yean Hoe, Mr. Sun Weiliang, Mr. Zhang Daqiang, Mr. Xu Xingbin, Ms. Fan Xiaohong as Directors; to consider and approve the Directors' fees of up to S$600,000 for the financial year ending 31 December 2024; to consider and re-appointment of Messrs Ernst & Young LLP as Auditor; and to consider other business matters. Announcement • Apr 03
Halcyon Agri Corporation Limited Appoints Fan Xiaohong as Non-Executive Director and an Audit Committee Member Halcyon Agri Corporation Limited appointed Fan Xiaohong as Non-Executive Director and an Audit Committee Member. Board Comments: Having reviewed the nomination by China Rubber Investment Group Company Limited, a substantial shareholder of the Company, the recommendation of the Nominating Committee as well as the experience, expertise, competency and suitability of Ms Fan for the appointment as a Non-Executive Director and an Audit Committee member, the Board approved the appointment of Ms Fan as a Non-Executive Director and an Audit Committee Member. Working Experience: March 2024 to present, HRG General Manager, Operation and Risk Control Department November 2022 to March 2024, HRG General Manager, Trade Risk Control Department August 2021 to November 2022, HRG Deputy General Manager, Trade Risk Control Department January 2018 to August 2021, HRG Deputy General Manager, Enterprise Development Department April 2017 to December 2017, Hainan Haijiao Agricultural Development Co. Ltd. Executive Vice General Manager January 2014 to March 2017, HRG Deputy General Manager, Enterprise Development Department. Other DirectorShips Present: (1) Jiangsu Aidefu Latex Products Co. Ltd. (2) Hainan Haiken Wangfujing Daily Duty Free Products Management Co. Ltd. (3) Hainan Agricultural Reclamation Fruit and Vegetable Industry Group Co. Ltd. (4) Yaji International Trade Private Limited (5) R1 International Pte Ltd. Director Experience Details: Ms Fan will attend training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange. Professional Qualification: 1) Bachelor degree, Sichuan Agricultural University 2) Master degree, Sichuan Agricultural University. Announcement • May 20
Halcyon Agri Corporation Limited Appoints Eddie Chan Yean Hoe as Audit Committee Chairman Halcyon Agri Corporation Limited announced that Mr. Eddie Chan Yean Hoe has been appointed as Audit Committee ("AC") Chairman of the Company with effect from 19 May 2023. Mr. Eddie Chan Yean Hoe is an Independent Director and has been a member of AC since 8 March 2021. Reported Earnings • Apr 11
Full year 2022 earnings released: US$0.016 loss per share (vs US$0.002 profit in FY 2021) Full year 2022 results: US$0.016 loss per share (down from US$0.002 profit in FY 2021). Revenue: US$2.69b (up 9.5% from FY 2021). Net loss: US$25.6m (down US$29.5m from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 01
Full year 2022 earnings released: US$0.016 loss per share (vs US$0.002 profit in FY 2021) Full year 2022 results: US$0.016 loss per share (down from US$0.002 profit in FY 2021). Revenue: US$2.69b (up 9.5% from FY 2021). Net loss: US$18.0m (down US$21.9m from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Jan 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Non-Executive Director Yongsheng Liu was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Eapen Mathew was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 14
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up US$3.04m from 1H 2021). Profit margin: (up from net loss in 1H 2021). Board Change • May 31
High number of new directors Independent Non-Executive Director Xuhua Huang was the last director to join the board, commencing their role in 2021. Board Change • Apr 27
High number of new directors Independent Non-Executive Director Xuhua Huang was the last director to join the board, commencing their role in 2021. Reported Earnings • Apr 10
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: US$0.002 (up from US$0.034 loss in FY 2020). Revenue: US$2.46b (up 44% from FY 2020). Net income: US$3.95m (up US$58.6m from FY 2020). Profit margin: 0.2% (up from net loss in FY 2020). Revenue missed analyst estimates by 68%. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 02
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: US$0.003 (up from US$0.034 loss in FY 2020). Revenue: US$2.46b (up 44% from FY 2020). Net income: US$11.5m (up US$66.2m from FY 2020). Profit margin: 0.5% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 68%. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Xuhua Huang was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 18
Full year 2020 earnings released: US$0.034 loss per share (vs US$0.003 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$1.71b (down 10% from FY 2019). Net loss: US$54.7m (loss widened US$49.7m from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 03
New 90-day low: S$0.27 The company is down 13% from its price of S$0.30 on 03 December 2020. The Singaporean market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 7.0% over the same period. Reported Earnings • Feb 27
Full year 2020 earnings released: US$0.034 loss per share (vs US$0.003 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$1.71b (down 10% from FY 2019). Net loss: US$54.2m (loss widened US$49.2m from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 13
New 90-day high: S$0.34 The company is up 84% from its price of S$0.19 on 15 October 2020. The Singaporean market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 30% over the same period. Is New 90 Day High Low • Dec 03
New 90-day high: S$0.30 The company is up 45% from its price of S$0.21 on 04 September 2020. The Singaporean market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 10.0% over the same period. Is New 90 Day High Low • Oct 29
New 90-day high: S$0.28 The company is up 17% from its price of S$0.23 on 30 July 2020. The Singaporean market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 1.0% over the same period.