Reported Earnings • May 31
Full year 2026 earnings released: S$0.059 loss per share (vs S$0.032 loss in FY 2025) Full year 2026 results: S$0.059 loss per share (further deteriorated from S$0.032 loss in FY 2025). Net loss: S$6.39m (loss widened 115% from FY 2025). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. New Risk • Dec 30
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: S$2.1m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. 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 (-S$2.9m free cash flow). Share price has been highly volatile over the past 3 months (37% average weekly change). Earnings have declined by 25% per year over the past 5 years. Minor Risks Significant insider selling over the past 3 months (S$2.1m sold). Revenue is less than US$5m (S$1.6m revenue, or US$1.2m). Market cap is less than US$100m (S$36.5m market cap, or US$28.5m). New Risk • Nov 15
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -S$2.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-S$2.9m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 25% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Revenue is less than US$5m (S$1.6m revenue, or US$1.2m). Market cap is less than US$100m (S$59.1m market cap, or US$45.5m). Board Change • Oct 17
High number of new directors Independent Director Jingya Zhang was the last director to join the board, commencing their role in 2025. Announcement • Oct 01
MTBL Global Holdings Pte Ltd completed the acquisition of an additional 0.85% stake in Ascent Bridge Limited (SGX:AWG) for SGD 0.18 million. MTBL Global Holdings Pte Ltd intends to make a mandatory unconditional general offer to acquire an additional 39.81% stake in Ascent Bridge Limited (SGX:AWG) for SGD 8.6 million on August 12, 2025. A cash consideration valued at SGD 0.2 per share will be paid by MTBL Global Holdings Pte Ltd. MTBL Global Holdings and parties acting in concert collectively hold or control 64,693,202 Shares, representing 60.18%. In the event of MTBL Global receives valid acceptances pursuant to the Offer or otherwise acquires Shares following the date of despatch of the Offer Document other than through valid acceptances of the Offer in respect of not less than 90% of the total number of issued Shares, MTBL Global would be entitled to exercise its right to compulsorily acquire all the Shares of Shareholders who
have not accepted the Offer on the same terms as those offered under the Offer.
ZICO Insights Law LLC acted as legal advisor for MTBL Global Holdings Pte Ltd. Capstone Investment Corporate Finance Pte Ltd acted as financial advisor for MTBL Global Holdings Pte Ltd. Asian Corporate Advisors Pte. Ltd. has been appointed as the independent financial advisor for Ascent Bridge Limited.
MTBL Global Holdings Pte Ltd completed the acquisition of an additional 0.85% stake in Ascent Bridge Limited (SGX:AWG) for SGD 0.18 million on September 30, 2025. Reported Earnings • Sep 12
Full year 2025 earnings released: S$0.032 loss per share (vs S$0.054 loss in FY 2024) Full year 2025 results: S$0.032 loss per share (improved from S$0.054 loss in FY 2024). Net loss: S$2.98m (loss narrowed 36% from FY 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Sep 11
Ascent Bridge Limited, Annual General Meeting, Sep 26, 2025 Ascent Bridge Limited, Annual General Meeting, Sep 26, 2025, at 15:00 Singapore Standard Time. Location: function room 3-2, 60 cecil street, isca house, singapore 049709, Singapore Announcement • Aug 13
MTBL Global Holdings Pte Ltd intends to make a mandatory unconditional general offer to acquire an additional 39.82% stake in Ascent Bridge Limited (SGX:AWG) for SGD 8.6 million. MTBL Global Holdings Pte Ltd intends to make a mandatory unconditional general offer to acquire an additional 39.82% stake in Ascent Bridge Limited (SGX:AWG) for SGD 8.6 million on August 12, 2025. A cash consideration valued at SGD 0.2 per share will be paid by MTBL Global Holdings Pte Ltd. MTBL Global Holdings and parties acting in concert collectively hold or control 64,693,202 Shares, representing 60.18%. In the event of MTBL Global receives valid acceptances pursuant to the Offer or otherwise acquires Shares following the date of despatch of the Offer Document other than through valid acceptances of the Offer in respect of not less than 90% of the total number of issued Shares, MTBL Global would be entitled to exercise its right to compulsorily acquire all the Shares of Shareholders who
have not accepted the Offer on the same terms as those offered under the Offer.
ZICO Insights Law LLC acted as legal advisor for MTBL Global Holdings Pte Ltd. Capstone Investment Corporate Finance Pte Ltd acted as financial advisor for MTBL Global Holdings Pte Ltd. New Risk • Jun 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. 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 (34% average weekly change). Earnings have declined by 6.1% per year over the past 5 years. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Revenue is less than US$5m (S$2.7m revenue, or US$2.1m). Market cap is less than US$100m (S$74.9m market cap, or US$58.5m). Announcement • May 09
Ascent Bridge Limited has withdrawn its Follow-on Equity Offering in the amount of SGD 20.897335 million. Ascent Bridge Limited has withdrawn its Follow-on Equity Offering in the amount of SGD 20.897335 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 87,072,231
Price\Range: SGD 0.24
Transaction Features: Rights Offering New Risk • Apr 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 43% 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 Share price has been highly volatile over the past 3 months (40% average weekly change). Earnings have declined by 6.1% per year over the past 5 years. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Minor Risks Revenue is less than US$5m (S$2.7m revenue, or US$2.0m). Market cap is less than US$100m (S$43.7m market cap, or US$33.1m). New Risk • Feb 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor 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 Share price has been highly volatile over the past 3 months (44% average weekly change). Earnings have declined by 6.1% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (S$2.7m revenue, or US$2.0m). Market cap is less than US$100m (S$34.5m market cap, or US$25.5m). Announcement • Dec 16
Ascent Bridge Limited has completed a Follow-on Equity Offering in the amount of SGD 2.438022 million. Ascent Bridge Limited has completed a Follow-on Equity Offering in the amount of SGD 2.438022 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,931,557
Price\Range: SGD 0.14
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,482,889
Price\Range: SGD 0.14
Transaction Features: Subsequent Direct Listing Announcement • Dec 07
Ascent Bridge Limited, Annual General Meeting, Dec 23, 2024 Ascent Bridge Limited, Annual General Meeting, Dec 23, 2024, at 16:30 Singapore Standard Time. Location: rnn conference centre, 137 cecil street, 04-01 cecil building, singapore 069537, Singapore Announcement • Dec 06
Ascent Bridge Limited Announces Chief Financial Officer Changes Ascent Bridge Limited Board of Directors has considered and accepted the Audit & Risk Committee's and the Nominating Committee's recommendations to appoint Ms Chong Siet Wah as Chief Financial Officer, effective 5 December 2024, after reviewing her educational background, professional qualifications and working experience. Ms Chong will replace Ms Guo Jie as CFO whose resignation was announced earlier on 4 December 2024. Ms Guo Jie's last day of employment is determined and agreed with the Board to be on 9 December 2024 for a smooth transition to the new CFO. Working Experience April 2024 to present: LHN Limited - Finance Controller July 2019 to April 2024: Clearbridge Health Limited - Group Finance Manager May 2016 to June 2019: Mclean Technologies Berhad - Group Finance Manager April 2013 to May 2016: RSM Singapore - Audit Senior. Professional Qualifications Bachelor of Science in Accounting and Finance The Association of Chartered Certified Accountants Chartered Accountant (Singapore). Role And Responsibilities: The appointment is executive. Ms Chong Siet Wah will be responsible for all financial matters within the Group. New Risk • Nov 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -S$3.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-S$3.6m free cash flow). Shares are highly illiquid. Earnings have declined by 6.1% per year over the past 5 years. Market cap is less than US$10m (S$12.3m market cap, or US$9.14m). Minor Risk Revenue is less than US$5m (S$2.7m revenue, or US$2.0m). New Risk • Sep 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$12.2m (US$9.41m) 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 (-S$6.4m free cash flow). Shares are highly illiquid. Market cap is less than US$10m (S$12.2m market cap, or US$9.41m). Minor Risk Revenue is less than US$5m (S$3.7m revenue, or US$2.9m). Reported Earnings • Jun 05
Full year 2024 earnings released: S$0.054 loss per share (vs S$0.08 loss in FY 2023) Full year 2024 results: S$0.054 loss per share (improved from S$0.08 loss in FY 2023). Revenue: S$3.73m (up 18% from FY 2023). Net loss: S$4.67m (loss narrowed 33% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance. New Risk • May 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Shares are highly illiquid. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Revenue is less than US$5m (S$4.9m revenue, or US$3.6m). Market cap is less than US$100m (S$15.8m market cap, or US$11.7m). Announcement • Apr 09
Ascent Bridge Limited Appoints Siow Chee Keong as the Chairman of the Remuneration Committee Ascent Bridge Limited announced the appointment of Mr. Siow Chee Keong as the Chairman of the remuneration committee with effect from 9 April 2024 in place of Mr. Chua Wei Ming. With the appointment, the remuneration committee comprises Mr. Siow Chee Keong as chairman and Dr. Tan Khee Giap as member. Announcement • Feb 21
Ascent Bridge Limited Announces Resignation of Chua Wei Ming as Independent Director Ascent Bridge Limited announced Resignation of Chua Wei Ming as Independent Director of the Company due to his personal commitments. Other DirectorShips Past: Equities First Holdings Singapore Pte Ltd. Job Title: Independent Director, Chairman of Remuneration Committee, Member of Audit & Risk and Nominating Committees. Announcement • Dec 09
Ascent Bridge Limited has filed a Follow-on Equity Offering in the amount of SGD 20.897335 million. Ascent Bridge Limited has filed a Follow-on Equity Offering in the amount of SGD 20.897335 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 87,072,231
Price\Range: SGD 0.24
Transaction Features: Rights Offering Announcement • Jul 13
Ascent Bridge Limited, Annual General Meeting, Jul 27, 2023 Ascent Bridge Limited, Annual General Meeting, Jul 27, 2023, at 15:00 Singapore Standard Time. Location: Meeting Room 311, Level 3, Suntec Singapore Convention & Exhibition Centre, 1 Raffles Boulevard, Suntec City, Singapore 039593 Suntec city Singapore Agenda: To receive and adopt the Audited Financial Statements of the Company for the financial year ended 31 March 2023 together with the Directors' Statement and Auditor's Report thereon; To approve the Directors' fees of S$105,250 for the financial period from 1 January 2023 to 31 March 2023; To approve the Directors' fees of up to S$421,000 for the financial year ending 31 March 2024 and the payment thereof on a quarterly basis; To re-elect Mr Siow Chee Keong, a Director retiring under Article 104 of the Constitution of the Company; To re-elect Mr Chua Wei Ming, a Director retiring under Article 104 of the Constitution of the Company; To re-appoint Ernst & Young LLP as Auditors of the Company and to authorize the Directors to fix their remuneration. Announcement • May 22
Ascent Bridge Limited Provides Group Earnings Guidance for the Fifteen Months Ended March 31, 2023 Ascent Bridge Limited provided group earnings guidance for the fifteen months ended March 31, 2023. The Board of Directors of Ascent Bridge Limited announced that, following a preliminary review of the unaudited consolidated financial results for fifteen (15) months on the financial period ended 31 March 2023, the Group is expected to report loss for full year 2023. The losses were mainly due to: Sales of Moutai Bulao products in the USA began only in late September 2022 due to a prolonged process of brand and pricing registration in various states. The Group had to go through the necessary steps and approvals required by each state to register the brand and establish pricing for the products. This registration process, which can vary from state to state, took a significant amount of time, causing delays in the launch of Moutai Bulao products in the US market. As a result, sales were only able to commence in late September 2022. In FY2023, the Group managed to complete brand and pricing registration in New York, California, New Jersey and Florida, and currently in the process for Georgia and Nevada. In FY2023, sales agreements were signed with distributors in Cambodia, Vietnam, Netherland and Croatia (cover 26 Schengen countries), however, full payment is pending as the distributors are working on obtaining local regulatory approvals for importation and distribution, as well as finalisation of marketing programs between the parties to ensure a more effective product rollout. Consequently, the Group's sales contribution in FY2023 is lower than expected. The non-recurring transaction costs incurred for acquiring MTBL Global group and the proposed acquisition of 80% equity interest in Octopus Distribution Pte Ltd. and 80% equity interest in Nereus Cape Pte Ltd. and 39.2% equity interest in Luen Heng F&B Sdn Bhd (collectively called "Octopus Group"). Board Change • Apr 11
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. 1 experienced director. No highly experienced directors. Chairman & CEO Quan Sun is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Feb 27
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. 1 experienced director. No highly experienced directors. Chairman & CEO Quan Sun is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Feb 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. 1 experienced director. No highly experienced directors. Chairman & CEO Quan Sun is the most experienced director on the board, commencing their role in 2018. 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 • Jan 04
Ascent Bridge Limited Announces the Appointment of Ms. Wu Yunwei as Chief Operating Officer Ascent Bridge Limited announced the appointment of Ms. Wu Yunwei as Chief Operating Officer on the recommendation of the Nominating Committee which had reviewed and considered her background, qualifications, and experience. The appointment is executive. Ms. Wu Yunwei is responsible for day-to-day administrative and all operational functions of the Group. Working Experience: General Manager and Marketing Director, 2018 to present, China Merchants Energy Shipping, Singapore. Global Project Lead, 2013 to 2018, Orientivity, Singapore. Business Data Analyst and broker (in leadership program), 2009 to 2012, JP Morgan. New York. U.S. Professional Qualifications: MSc in Environment Technology with Business and Environment option, Imperial College, London. U.K. 2006-2008. BSc in Meteorology and Atmospheric Science, University of Leeds, Leeds, U.K. 2002-2005. Board Change • Dec 13
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. 1 experienced director. No highly experienced directors. Chairman & CEO Quan Sun is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Oct 27
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. 1 experienced director. No highly experienced directors. Chairman & CEO Quan Sun is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Oct 05
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. 1 experienced director. No highly experienced directors. Chairman & CEO Quan Sun is the most experienced director on the board, commencing their role in 2018. 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 12
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down S$15.6m from profit in 1H 2021). Profit margin: (down from 203% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jun 30
Tan Chu En Ian and Sinta Muchtar completed the acquisition of AEI (China) Holdings Pte. Ltd., AEI Corporation (Singapore) Pte. Ltd. and Assets of Ascent Bridge Limited for SGD 1.5 million. Tan Chu En Ian, Sinta Muchtar and unknown buyer entered into a conditional business sale and purchase agreement to acquire AEI (China) Holdings Pte. Ltd., AEI Corporation (Singapore) Pte. Ltd. and Assets of Ascent Bridge Limited for SGD 1.5 million on June 17, 2022. The consideration comprising such amount equivalent to the aggregate amount paid as at Completion Date by Ascent Bridge Limited to any creditors arising from or in connection with the corporate guarantees provided by the Company in respect of loan obligations of its subsidiaries. The consideration shall be payable in cash as 20% of the consideration, on the completion date; and 80% of the consideration, no later than such date falling 12 months after the completion date. The Net asset value of the vendor business is SGD 1.50 million and Net profit of vendor business is SGD 1.034 million for the year end December 31, 2021.
Tan Chu En Ian and Sinta Muchtar completed the acquisition of AEI (China) Holdings Pte. Ltd., AEI Corporation (Singapore) Pte. Ltd. and Assets of Ascent Bridge Limited for SGD 1.5 million on June 29, 2022. Board Change • Jun 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. 1 experienced director. No highly experienced directors. Chairman & CEO Quan Sun is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Apr 27
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. 1 experienced director. No highly experienced directors. Chairman & CEO Quan Sun is the most experienced director on the board, commencing their role in 2018. 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 • Apr 15
Full year 2021 earnings released Full year 2021 results: Revenue: S$16.9m (up 72% from FY 2020). Net income: S$7.75m (up S$13.4m from FY 2020). Profit margin: 46% (up from net loss in FY 2020). Announcement • Apr 03
Ascent Bridge Limited Announces Redesignation of Audit Committee to Audit & Risk Committee The Board of Directors of Ascent Bridge Limited announced the redesignation of the Audit Committee of the Company to the Audit & Risk Committee of the Company effective from 1 April 2022. The responsibility of overseeing the Group's risk management framework and policies is delegated by the Board to the Audit Committee. In its risk oversight fuction, the Audit Committee reviews the adequacy and effectiveness of the Group's internal controls and risk management systems. The redesignation appropriately reflects the Audit & Risk Committee's dual functions as an audit committee and a risk committee. The following composition of the Audit & Risk Committee is the same as that of the former Audit Committee: Siow Chee Keong (Chairman)- Independent Director. Chua Wei Ming- Independent Director. Dr Tan Khee Giap - Independent Director. Reported Earnings • Mar 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: S$0.097 (up from S$0.10 loss in FY 2020). Revenue: S$16.9m (up 72% from FY 2020). Net income: S$7.75m (up S$13.4m from FY 2020). Profit margin: 46% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Feb 05
AEI Corporation Ltd. Appoints Ms. Guo Jie as Chief Financial Officer, Effective on 7 February 2022 AEI Corporation Ltd.'s Board of Directors has considered and accepted the Audit Committee's and the Nominating Committee's recommendation to appoint Ms. Guo Jie as the Chief Financial Officer of the company effective 7 February 2022, after reviewing her educational background, professional qualifications and working experience. Ms. Guo Jie will be responsible for all financial matters within the Group. Sep. 2005 to Present: Audit & Assurance Deloitte & Touche LLP. Jul. 2010 to Present: Senior Manager Global IFRS and Offering Service Group Deloitte & Touche LLP. Board Change • Feb 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. 1 experienced director. No highly experienced directors. Executive Director Quan Sun is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improved over the past week After last week's 24% share price gain to S$1.08, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 8x in the Metals and Mining industry in Singapore. Total returns to shareholders of 94% over the past three years. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improved over the past week After last week's 23% share price gain to S$1.03, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 8x in the Metals and Mining industry in Singapore. Total returns to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment deteriorated over the past week After last week's 16% share price decline to S$1.12, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 9x in the Metals and Mining industry in Singapore. Total returns to shareholders of 131% over the past three years. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improved over the past week After last week's 19% share price gain to S$1.37, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 11x in the Metals and Mining industry in Singapore. Total returns to shareholders of 158% over the past three years. Board Change • Sep 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. 1 experienced director. No highly experienced directors. Executive Director Quan Sun is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Upcoming Dividend • Jun 23
Inaugural dividend of S$0.36 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 09 July 2021. The company last paid an ordinary dividend in February 2014. The average dividend yield among industry peers is 2.2%. Announcement • May 20
AEI Corporation Ltd. Announces Cash Dividend from Surplus Capital The Board of Directors of AEI Corporation Ltd. refered to its Circular in relation to the proposed capital reduction exercise ("Proposed Capital Reduction") to be carried out by the Company pursuant to Section 78G, read with Section 78I, of the Companies Act (Cap. 50) of Singapore (the "Companies Act") to return to shareholders of the Company ("Shareholders") surplus capital of the Company in excess of its needs by way of a cash distribution ("Cash Distribution") by the Company to Shareholders of SGD 0.36 for each ordinary share ("Share") held by the Shareholders. At an extraordinary general meeting of the Company held on 28 April 2021, the Shareholders had approved the Proposed Capital Reduction and the Cash Distribution. The Board announced that the Proposed Capital Reduction and Cash Distribution was approved unconditionally by the High Court of the Republic of Singapore on 18 May 2021. Executive Departure • May 05
Independent Director has left the company On the 28th of April, Sushilan Vasoo's tenure as Independent Director ended after 17.4 years in the role. As of December 2020, Sushilan personally held only 10.00k shares (S$9.9k worth at the time). A total of 2 executives have left over the last 12 months. Executive Departure • May 05
Non-Executive & Independent Chairman Koon Sang Yeung has left the company On the 28th of April, Koon Sang Yeung's tenure as Non-Executive & Independent Chairman ended after 17.4 years in the role. As of December 2020, Koon Sang personally held only 10.00k shares (S$9.9k worth at the time). A total of 2 executives have left over the last 12 months. Reported Earnings • Feb 26
Full year 2020 earnings released The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: S$9.87m (up 8.7% from FY 2019). Net loss: S$5.64m (loss narrowed 3.7% from FY 2019). Is New 90 Day High Low • Feb 24
New 90-day high: S$1.15 The company is up 31% from its price of S$0.88 on 26 November 2020. The Singaporean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 43% over the same period. Is New 90 Day High Low • Feb 08
New 90-day high: S$1.07 The company is up 49% from its price of S$0.72 on 10 November 2020. The Singaporean market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 55% over the same period. Announcement • Jan 01
AEI Corporation Ltd. (SGX:AWG) entered into a sale and purchase agreement to acquire MTBL Global Pte. Ltd. from Capital Impetus Group Limited for SGD 20 million. AEI Corporation Ltd. (SGX:AWG) entered into a sale and purchase agreement to acquire MTBL Global Pte. Ltd. from Capital Impetus Group Limited for SGD 20 million on December 31, 2020. As per terms of the consideration, SGD 12 million shall be paid as a first tranche and the remaining balance (if any) shall be paid based on specified profit targets for the financial year ending December 31, 2021 and/or the financial year ending December 31, 2022. AEI Corporation Ltd. shall pay a refundable cash deposit of SGD 0.6 million within 7 business days from the date of entering into the agreement. The consideration will be funded by the internal resources of AEI Corporation Ltd. For the year ended December 31, 2019, MTBL Global Pte. Ltd. reported total assets of SGD 6.02 million, net assets of SGD 0.25 million, total revenue of SGD 1.75 million and net profit of SGD 0.24 million. The transaction is subject to receiving satisfactory due diligence of MTBL Global Pte. Ltd., approval from the shareholders of AEI Corporation Ltd. Completion will take place within 7 business days after the date of the satisfaction or waiver of the conditions precedent. Subject to the terms of the agreement, parties shall each be entitled to terminate the agreement at any time on or prior to 12 months from the date of the agreement. Is New 90 Day High Low • Dec 30
New 90-day high: S$0.99 The company is up 24% from its price of S$0.80 on 30 September 2020. The Singaporean market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 34% over the same period. Is New 90 Day High Low • Nov 27
New 90-day high: S$0.91 The company is up 6.0% from its price of S$0.85 on 24 August 2020. The Singaporean market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 10.0% over the same period. Is New 90 Day High Low • Oct 02
New 90-day low: S$0.74 The company is down 12% from its price of S$0.84 on 03 July 2020. The Singaporean market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 2.0% over the same period. 
