Board Change • May 04
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Elly Su was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Mar 05
Alpha Technology Group Limited (NasdaqCM:ATGL) entered into a non-binding letter of intent to acquire Rainbow Capital Holdings Limited from Choi Tan Yee and Leung Ho Ming Danny for $70.5 million. Alpha Technology Group Limited (NasdaqCM:ATGL) entered into a non-binding letter of intent to acquire Rainbow Capital Holdings Limited from Choi Tan Yee and Leung Ho Ming Danny for $70.5 million on March 4, 2026. As part of the acquisition, Alpha Technology Group Limited will acquire 100% of the issued and outstanding ordinary shares of Rainbow Capital Holdings Limited. The consideration is intended to be satisfied by the allotment and issuance of 3,800,000 Class A ordinary shares of Alpha Technology Group Limited and 300,000 Class B ordinary shares of Alpha Technology Group Limited.
The transaction is subject to approval by customary representations, warranties, conditions and applicable regulatory approvals, consummation of due diligence investigation and definitive agreement. Reported Earnings • Feb 01
Full year 2025 earnings released: HK$4.28 loss per share (vs HK$0.36 loss in FY 2024) Full year 2025 results: HK$4.28 loss per share (further deteriorated from HK$0.36 loss in FY 2024). Revenue: HK$7.40m (down 40% from FY 2024). Net loss: HK$70.4m (loss widened HK$64.9m from FY 2024). Announcement • Dec 20
Alpha Technology Group Ltd Appoints Su Jiang Qiong Elly as Independent Director, Effective December 18, 2025 Alpha Technology Group Ltd. appointed Ms. Su Jiang Qiong Elly as an independent director effective December 18, 2025. She will also serve as a member of the Board's audit committee, compensation committee and nominating and corporate governance committee. Ms. Su Jiang Qiong Elly, age 30, has over 7 years of cross-cultural and international project management and translation experience across luxury goods, fashion, media, legal, and diplomatic sectors. In 2024 to 2025, she served as the Project-Based Designer & Sponsor Relations Manager of Paris Fashion Air, an international fashion and artist platform company based in Paris, France. From 2022 to 2024, she served as the Head of International Cooperation Department of Gianna Another, a Japanese fashion & beauty magazine. From 2019 to 2020, she served as the International Cooperation Specialist & Translator of Hengxin Shambala Cultural Co., Ltd, a company listed on Shenzhen Stock Exchange GEM in 2010 and one of China's leading digital cultural creativity, content production and technical services companies. In 2018-2019, she acted as a Simultaneous Conference Interpreter for Mr. Ban Ki-Moon, former Secretary-General of the United Nations, during his activities in China. Earlier in her career, she served as a Global Human Rights Researcher Intern for Montreal grassroots NGO, Social Justice Connection/duconnexion, a role that led to annual invitations to represent Canada at the United Nations headquarters, during International Day of Peace. Ms. Su obtained a Bachelor of Arts in Religion and Philosophy in 2018 from Concordia University, and she received a Diplôme D'Études Collégiales in Law, Society and Justice from Marianopolis College in 2015. The Company determines that Ms. Su qualifies as an independent director of the Company in accordance with Nasdaq Listing Rules and regulations of the Securities and Exchange Commission. Reported Earnings • Oct 05
First half 2025 earnings released First half 2025 results: Revenue: HK$3.05m (down 49% from 1H 2024). Net loss: HK$5.64m (loss widened 13% from 1H 2024). New Risk • Sep 30
New major risk - Revenue and earnings growth Earnings have declined by 31% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 31% per year over the past 5 years. Minor Risk Revenue is less than US$5m (HK$9.4m revenue, or US$1.2m). New Risk • Aug 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Revenue is less than US$5m (HK$12m revenue, or US$1.6m). New Risk • Aug 15
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: Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Revenue is less than US$5m (HK$12m revenue, or US$1.6m). Reported Earnings • Jan 28
Full year 2024 earnings released: HK$0.36 loss per share (vs HK$0.54 loss in FY 2023) Full year 2024 results: HK$0.36 loss per share (improved from HK$0.54 loss in FY 2023). Revenue: HK$12.4m (up 42% from FY 2023). Net loss: HK$5.49m (loss narrowed 22% from FY 2023). New Risk • Nov 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.8% 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 Risk Share price has been highly volatile over the past 3 months (37% average weekly change). Minor Risks Shareholders have been diluted in the past year (9.8% increase in shares outstanding). Revenue is less than US$5m (HK$9.2m revenue, or US$1.2m). Reported Earnings • Sep 29
First half 2024 earnings released: HK$0.33 loss per share (vs HK$237 loss in 1H 2023) First half 2024 results: HK$0.33 loss per share. Revenue: HK$6.02m (up 8.7% from 1H 2023). Net loss: HK$5.01m (loss widened 109% from 1H 2023). Buy Or Sell Opportunity • Sep 26
Now 39% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to US$3.68. The fair value is estimated to be US$2.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 97% over the last year. Earnings per share has grown by 100%. Buy Or Sell Opportunity • Aug 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 45% to US$2.11. The fair value is estimated to be US$2.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 97% over the last year. Earnings per share has grown by 100%. New Risk • Aug 18
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 Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Revenue is less than US$5m (HK$8.7m revenue, or US$1.1m). Market cap is less than US$100m (US$44.7m market cap). Buy Or Sell Opportunity • Aug 02
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 1.5% to US$3.31. The fair value is estimated to be US$2.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 97% over the last year. Earnings per share has grown by 100%. Buy Or Sell Opportunity • Jul 12
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to US$2.97. The fair value is estimated to be US$2.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 97% over the last year. Earnings per share has grown by 100%. Buy Or Sell Opportunity • Apr 29
Now 30% overvalued Over the last 90 days, the stock has fallen 76% to US$3.06. The fair value is estimated to be US$2.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 97% over the last year. Earnings per share has grown by 100%. Buy Or Sell Opportunity • Apr 23
Now 21% overvalued Over the last 90 days, the stock has fallen 77% to US$2.86. The fair value is estimated to be US$2.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 97% over the last year. Earnings per share has grown by 100%. New Risk • Feb 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$87.1m This is considered a minor 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 Risk Share price has been highly volatile over the past 3 months (20% average weekly change). Minor Risks Revenue is less than US$5m (HK$8.7m revenue, or US$1.1m). Market cap is less than US$100m (US$87.1m market cap). Reported Earnings • Feb 02
Full year 2023 earnings released Full year 2023 results: HK$0.53 loss per share. Revenue: HK$8.69m (up 97% from FY 2022). Net loss: HK$6.99m (loss widened 162% from FY 2022). Announcement • Nov 01
Alpha Technology Group Limited has completed an IPO in the amount of $7 million. Alpha Technology Group Limited has completed an IPO in the amount of $7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,750,000
Price\Range: $4
Transaction Features: Regulation S Announcement • Jul 18
Alpha Technologies Group, Inc. has filed an IPO in the amount of $8.75 million. Alpha Technologies Group, Inc. has filed an IPO in the amount of $8.75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,750,000
Price\Range: $4 to $5
Discount Per Security: $0.375
Transaction Features: Regulation S