New Risk • May 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-HK$100m free cash flow). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Apr 28
Full year 2025 earnings released: HK$0.14 loss per share (vs HK$0.024 loss in FY 2024) Full year 2025 results: HK$0.14 loss per share (further deteriorated from HK$0.024 loss in FY 2024). Revenue: HK$47.2m (down 19% from FY 2024). Net loss: HK$89.2m (loss widened HK$76.2m from FY 2024). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings. Reported Earnings • Mar 30
Full year 2025 earnings released: HK$0.14 loss per share (vs HK$0.024 loss in FY 2024) Full year 2025 results: HK$0.14 loss per share (further deteriorated from HK$0.024 loss in FY 2024). Revenue: HK$47.2m (down 19% from FY 2024). Net loss: HK$89.2m (loss widened HK$76.2m from FY 2024). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 59% per year, which means it is well ahead of earnings. Tillkännagivande • Mar 28
Crypto Flow Technology Limited, Annual General Meeting, May 15, 2026 Crypto Flow Technology Limited, Annual General Meeting, May 15, 2026. New Risk • Mar 14
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: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change). Tillkännagivande • Mar 13
Crypto Flow Technology Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 Crypto Flow Technology Limited announced that they will report fiscal year 2025 results on Mar 27, 2026 New Risk • Dec 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Board Change • Dec 04
Less than half of directors are independent Following Executive Director Xiaohao Yao's arrival on 01 December 2025, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Howard Chu 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. New Risk • Nov 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 28
First half 2025 earnings released: HK$0.053 loss per share (vs HK$0.005 loss in 1H 2024) First half 2025 results: HK$0.053 loss per share (further deteriorated from HK$0.005 loss in 1H 2024). Revenue: HK$25.9m (down 14% from 1H 2024). Net loss: HK$32.8m (loss widened HK$29.9m from 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 181 percentage points per year, which is a significant difference in performance. Tillkännagivande • Aug 12
Crypto Flow Technology Limited to Report First Half, 2025 Results on Aug 26, 2025 Crypto Flow Technology Limited announced that they will report first half, 2025 results on Aug 26, 2025 New Risk • Jul 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Tillkännagivande • Jul 29
Crypto Flow Technology Limited has filed a Follow-on Equity Offering in the amount of HKD 400.4 million. Crypto Flow Technology Limited has filed a Follow-on Equity Offering in the amount of HKD 400.4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 75,000,000
Price\Range: HKD 3.85
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 29,000,000
Price\Range: HKD 3.85 Tillkännagivande • Jul 24
Crypto Flow Technology Limited has completed a Follow-on Equity Offering in the amount of HKD 54.744 million. Crypto Flow Technology Limited has completed a Follow-on Equity Offering in the amount of HKD 54.744 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,372,000
Price\Range: HKD 2
Transaction Features: Subsequent Direct Listing Tillkännagivande • Jul 14
Crypto Flow Technology Limited has filed a Follow-on Equity Offering in the amount of HKD 54.744 million. Crypto Flow Technology Limited has filed a Follow-on Equity Offering in the amount of HKD 54.744 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,372,000
Price\Range: HKD 2
Transaction Features: Subsequent Direct Listing Tillkännagivande • Mar 28
Crypto Flow Technology Limited, Annual General Meeting, May 02, 2025 Crypto Flow Technology Limited, Annual General Meeting, May 02, 2025. Tillkännagivande • Mar 14
Crypto Flow Technology Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Crypto Flow Technology Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 New Risk • Mar 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 Risk Share price has been highly volatile over the past 3 months (31% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Significant insider selling over the past 3 months (HK$2.7m sold). Market cap is less than US$100m (HK$548.4m market cap, or US$70.6m). Tillkännagivande • Mar 07
Crypto Flow Technology Limited has completed a Follow-on Equity Offering in the amount of HKD 33.452938 million. Crypto Flow Technology Limited has completed a Follow-on Equity Offering in the amount of HKD 33.452938 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 109,681,764
Price\Range: HKD 0.305
Transaction Features: Subsequent Direct Listing Tillkännagivande • Feb 21
Crypto Flow Technology Limited has filed a Follow-on Equity Offering in the amount of HKD 33.452938 million. Crypto Flow Technology Limited has filed a Follow-on Equity Offering in the amount of HKD 33.452938 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 109,681,764
Price\Range: HKD 0.305
Transaction Features: Subsequent Direct Listing New Risk • Dec 21
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 Hong Kong 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 Risks Less than 1 year of cash runway based on free cash flow trend (-HK$22m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risk Market cap is less than US$100m (HK$148.1m market cap, or US$19.0m). New Risk • Nov 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 16% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-HK$22m free cash flow). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (HK$181.0m market cap, or US$23.3m). Tillkännagivande • Aug 26
Crypto Flow Technology Limited Announces Chief Executive Officer Changes The board of directors of Crypto Flow Technology Limited announced that Mr. Huang Yibin stepped down from the position of the chief executive officer of the Company with effect from 26 August 2024 due to a redesignation of duties in the Group. Mr. Huang will stay on to serve the Company as an executive Director. The Board announced that Mr. Sheng Ling has been appointed as the CEO with effect from 26 August 2024. Mr. Sheng, aged 44, currently serves as the project director of the Company. Prior to joining the Company, he worked at various financial institutions in China and Hong Kong, including Bank of China (Hong Kong) Limited, Ant Group and WeBank Co. Ltd. from July 2006 to December 2023. Mr. Sheng has more than 18 years of experience in finance and fintech. Mr. Sheng obtained a master's degree in law from Peking University in 2006, and obtained a dual bachelor's degree in chemical engineering and technics and business administration from Chongqing University in 2001. Reported Earnings • Aug 24
First half 2024 earnings released: HK$0.005 loss per share (vs HK$0.017 loss in 1H 2023) First half 2024 results: HK$0.005 loss per share (improved from HK$0.017 loss in 1H 2023). Revenue: HK$30.3m (up 146% from 1H 2023). Net loss: HK$2.90m (loss narrowed 68% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Tillkännagivande • Aug 15
Crypto Flow Technology Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2024 Crypto Flow Technology Limited provided consolidated earnings guidance for the six months ended 30 June 2024. for the six months, The Group is expected to achieve a reduction in the net loss from approximately HKD 8.9 million for the six-month period ended 30 June 2023 to the net loss ranging from HKD 2.5 million to HKD 5.0 million for the Current Period. The expected decrease in the net loss of the Group for the Current Period as compared to the Corresponding Prior Period was mainly attributable to the decrease in provision under expected credit loss model on loan and interest receivables, trade receivables and other receivables mainly due to the repayment of loan principals and accrued interest and reduction of accounts receivables. Tillkännagivande • Aug 09
Crypto Flow Technology Limited to Report First Half, 2024 Results on Aug 23, 2024 Crypto Flow Technology Limited announced that they will report first half, 2024 results on Aug 23, 2024 New Risk • Jul 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-HK$37m free cash flow). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Revenue is less than US$5m (HK$25m revenue, or US$3.2m). Market cap is less than US$100m (HK$111.3m market cap, or US$14.2m). Reported Earnings • Mar 29
Full year 2023 earnings released: HK$0.05 loss per share (vs HK$0.026 loss in FY 2022) Full year 2023 results: HK$0.05 loss per share (further deteriorated from HK$0.026 loss in FY 2022). Revenue: HK$25.2m (down 15% from FY 2022). Net loss: HK$27.2m (loss widened 91% from FY 2022). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Tillkännagivande • Mar 28
Crypto Flow Technology Limited, Annual General Meeting, May 10, 2024 Crypto Flow Technology Limited, Annual General Meeting, May 10, 2024. Tillkännagivande • Mar 15
Crypto Flow Technology Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Crypto Flow Technology Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Reported Earnings • Nov 14
Third quarter 2023 earnings released: HK$0.004 loss per share (vs HK$0.008 loss in 3Q 2022) Third quarter 2023 results: HK$0.004 loss per share (improved from HK$0.008 loss in 3Q 2022). Revenue: HK$6.23m (down 19% from 3Q 2022). Net loss: HK$2.43m (loss narrowed 43% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. New Risk • Nov 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Revenue is less than US$5m (HK$27m revenue, or US$3.4m). Market cap is less than US$100m (HK$164.5m market cap, or US$21.0m). Tillkännagivande • Oct 28
Crypto Flow Technology Limited to Report Q3, 2023 Results on Nov 10, 2023 Crypto Flow Technology Limited announced that they will report Q3, 2023 results on Nov 10, 2023 Reported Earnings • Aug 13
First half 2023 earnings released: HK$0.017 loss per share (vs HK$0.046 loss in 1H 2022) First half 2023 results: HK$0.017 loss per share (improved from HK$0.046 loss in 1H 2022). Revenue: HK$12.3m (down 19% from 1H 2022). Net loss: HK$9.10m (loss narrowed 64% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 13% per year. Tillkännagivande • Jul 28
Crypto Flow Technology Limited to Report Q2, 2023 Results on Aug 11, 2023 Crypto Flow Technology Limited announced that they will report Q2, 2023 results on Aug 11, 2023 Reported Earnings • May 14
First quarter 2023 earnings released: HK$0.011 loss per share (vs HK$0.012 loss in 1Q 2022) First quarter 2023 results: HK$0.011 loss per share (improved from HK$0.012 loss in 1Q 2022). Revenue: HK$6.15m (down 19% from 1Q 2022). Net loss: HK$5.95m (loss narrowed 7.8% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 29
Full year 2022 earnings released: HK$0.10 loss per share (vs HK$0.56 loss in FY 2021) Full year 2022 results: HK$0.10 loss per share (improved from HK$0.56 loss in FY 2021). Revenue: HK$29.6m (down 84% from FY 2021). Net loss: HK$56.9m (loss narrowed 80% from FY 2021). 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 7% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jan 05
Macau Kun Peng Jiu Zhou Cultural Tourism Investment Group Limited entered into sale share agreement to acquire Brighten Express Limited from Crypto Flow Technology Limited (SEHK:8198) for CNY 37 million. Ke Lizhi and Zhang Xia entered into sale share agreement to acquire Brighten Express Limited from Crypto Flow Technology Limited (SEHK:8198) for HKD 37 million on January 3, 2023. After the acquisition, Ke Lizhi will hold 99% stake and Zhang Xia will hold 1% stake in Brighten Express Limited. Crypto Flow Technology Limited has obtained written approval in respect of the disposal from Manful Kingdom Limited. As of December 31, 2021, Brighten Express Limited reported revenue of HKD 171.7 million and net income of HKD -262.383. The deal is expected to complete within three business days. Somerley Capital Limited acted as financial advisor to Crypto Flow Technology Limited (SEHK:8198). Tillkännagivande • Dec 02
Crypto Flow Technology Limited Announces Appointment of Executive Director The board of directors of Crypto Flow Technology Limited announced that with effect from 1 December 2022, Ms. Xiong Jiayan has been appointed as an executive Director. The biographical details of Ms. Xiong are set out below: Ms. Xiong, aged 38, graduated from Central China Normal University with a bachelor's degree in information management and information systems in 2007. From 2007 to 2010, Ms. Xiong served as a patent engineer in the legal department of Shenzhen Tencent Computer System Co. Ltd. and from 2010 to 2014, she served in the product operation position of Tencent Technology (Shenzhen) Co. Ltd. In 2014, Ms. Xiong founded Shenzhen Mengdan Interactive Network Co. Ltd. She currently serves as the chairman of the board of directors of Shenzhen Mengdan and responsible for its daily management and operation. Reported Earnings • Nov 19
Third quarter 2022 earnings released: HK$0.008 loss per share (vs HK$0.29 loss in 3Q 2021) Third quarter 2022 results: HK$0.008 loss per share (improved from HK$0.29 loss in 3Q 2021). Revenue: HK$7.64m (up HK$6.77m from 3Q 2021). Net loss: HK$4.25m (loss narrowed 97% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
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. CEO, Executive Director & Compliance Officer Yibin Huang is the most experienced director on the board, commencing their role in 2022. 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 • 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. CEO, Executive Director & Compliance Officer Yibin Huang is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Aug 20
Loto Interactive Limited Announces Executive Appointments Loto Interactive Limited announced that with effect from 19 August 2022 Mr. Li Hongbin and Mr. Huang Yibin has been appointed as an Executive Director. Mr. Li, aged 55, graduated from Sun Yat-Sen University with a bachelor's degree in library science in 1989. From 1998 to 2017, Mr. Li worked as a general manager in various industries including companies principally engaged in the business of building materials trading and water sports events organizing and management. From 2017 up to and including the date of this joint announcement, Mr. Li has been a partner of Shenzhen Xianlin Cultural Industry Investment Company Limited which is a company principally engaged in investment activities in cultural industries. While Mr. Li Hongbin does not have direct relevant experience in the industry in which the Group is principally engaged, the Offeror considered that his experience as a managerial role in various industries would enable him to provide advice in the areas of overall strategic development and major business decision making to the Company. Mr. Huang, aged 54, graduated from South China University of Technology with a bachelor's degree in radio engineering in 1990. Mr. Huang has over 32 years of experience in digital infrastructure planning, business development and operation at both domestic and international levels. From 2018 up to and including the date of this joint announcement, Mr. Huang has been working as a general manager of P&W Limited, a company principally engaged in the provision of consultancy services on digital infrastructure business including market research,business strategy and infrastructure design, construction and operation. Given the extensive experience of Mr. Huang Yibin in digital infrastructure business, the Offeror considered that Mr. Huang Yibin has relevant experience in the Group's business. Reported Earnings • Aug 15
First half 2022 earnings released: HK$0.046 loss per share (vs HK$0.078 loss in 1H 2021) First half 2022 results: HK$0.046 loss per share (up from HK$0.078 loss in 1H 2021). Revenue: HK$15.3m (down 91% from 1H 2021). Net loss: HK$25.4m (loss narrowed 20% from 1H 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. Tillkännagivande • Aug 03
Loto Interactive Limited Provides Earnings Guidance for the Three-Month Period Ended 30 June 2022 Loto Interactive Limited provided earnings guidance for the three-month period ended 30 June 2022. The company is expected to record an increase in unaudited consolidated net loss by more than 25% as compared to an unaudited consolidated net loss of approximately HKD 14.4 million for the corresponding period in 2021 of the Company, mainly attributable to the (i) continued suspension of power supply to the three big data centres operated by their subsidiaries during the Reporting Period leading to a halt in operation; and (ii) impairment loss made to the Group's property, plant and equipment. Tillkännagivande • Jul 27
Manful Kingdom Limited completed the acquisition of a 51% stake in Loto Interactive Limited (SEHK:8198) from BIT Mining Limited (NYSE:BTCM). Manful Kingdom Limited agreed to acquire a 51% stake in Loto Interactive Limited (SEHK:8198) from BIT Mining Limited (NYSE:BTCM) for HDK 78.3 million on July 12, 2022. The Transaction is subject to the satisfaction of the conditions set out in the Sale and Purchase Agreement. In addition, the terms of the Transaction may be amended further subject to comments from the applicable regulatory authorities as necessary.
Manful Kingdom Limited completed the acquisition of a 51% stake in Loto Interactive Limited (SEHK:8198) from BIT Mining Limited (NYSE:BTCM) on July 25, 2022. Tillkännagivande • Jul 26
Loto Interactive Limited to Report Q2, 2022 Results on Aug 14, 2022 Loto Interactive Limited announced that they will report Q2, 2022 results at 4:00 PM, China Standard Time on Aug 14, 2022 Reported Earnings • May 13
First quarter 2022 earnings released: HK$0.012 loss per share (vs HK$0.045 loss in 1Q 2021) First quarter 2022 results: HK$0.012 loss per share (up from HK$0.045 loss in 1Q 2021). Revenue: HK$7.64m (down 90% from 1Q 2021). Net loss: HK$6.46m (loss narrowed 62% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Jian Huang was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Mar 31
Loto Interactive Limited, Annual General Meeting, May 11, 2022 Loto Interactive Limited, Annual General Meeting, May 11, 2022, at 11:00 China Standard Time. Location: Units 813 & 815, Level 8, Core F, Cyberport 3, 100 Cyberport Road Hong Kong Hong Kong Agenda: To receive and adopt the audited financial statements and the report of the directors of the Company (the "Directors") and auditors of the Company for the financial year ended 31 December 2021; to re-elect Mr. Yan Hao as an executive Director; to re-elect Mr. Yang Xianfeng as a non-executive Director; to re-elect Dr. Lu Haitian as an independent non-executive Director; to authorise the board of Directors to fix the remuneration of the respective Directors; to re-appoint ZHONGHUI ANDA CPA Limited as auditors of the Company and to authorise the Directors to fix their remuneration; and to consider other matters. Tillkännagivande • Mar 10
Loto Interactive Limited Provides Consolidated Earnings Guidance for the Year Ended 31 December 2021 Loto Interactive Limited provided consolidated earnings guidance for the year ended 31 December 2021. The group is expected to record an unaudited consolidated net loss of not less than HKD 292 million for the Reporting Period as compared to an unaudited consolidated net loss of approximately HKD 43 million for the year ended 31 December 2020. Reported Earnings • Nov 09
Third quarter 2021 earnings released: HK$0.28 loss per share (vs HK$0.006 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: HK$865.0k (down 99% from 3Q 2020). Net loss: HK$143.2m (loss widened HK$141.3m from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 10
Second quarter 2021 earnings released: HK$0.027 loss per share (vs HK$0.04 loss in 2Q 2020) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: HK$97.6m (up 73% from 2Q 2020). Net loss: HK$14.4m (loss widened 15% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 17% per year. Executive Departure • Jul 13
Non-Executive Director Qiang Yuan has left the company On the 30th of June, Qiang Yuan's tenure as Non-Executive Director ended after 3.5 years in the role. We don't have any record of a personal shareholding under Qiang's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 4.00 years. Tillkännagivande • Jun 19
BIT Mining Limited (NYSE:BTCM) completed the acquisition of 5.59% stake in Loto Interactive Limited (SEHK:8198) for HKD 23 million BIT Mining Limited (NYSE:BTCM) made an offer to acquire an additional 39.1% stake in Loto Interactive Limited (SEHK:8198) for approximately HKD 160 million on January 28, 2021. In a related transaction, BIT Mining Limited will subscribe to new shares in Loto Interactive taking its holding to 54.2%. Post subscription, the offer will be made for 214.2 million shares at HKD 0.75 per share. BIT Mining will also launch an option offer to acquire unexercised options. BIT Mining will pay HKD 0.49 per option of HKD 0.26 strike price (24.9 million Options in total). Three individual Shareholders Mak Lam, Li Qi and Mei Siyuan have signed irrevocable Undertakings pursuant to which each of them has irrevocably undertaken not to accept the Share Offer or the Option Offer (as applicable) and they will not sell their holdings under the offer. The Offeror intends to finance the consideration payable under the Offers by its internal resources. The Offeror did not propose to nominate any new Directors to the Board. Meanwhile, the Offeror has no intention to make any change to the composition of the Board as at the date of this joint announcement. BOCOM International (Asia) Limited acted as financial advisor to Loto Interactive. The offer is expected to close on June 18, 2021.
BIT Mining Limited (NYSE:BTCM) completed the acquisition of an additional 5.59% stake in Loto Interactive Limited (SEHK:8198) for HKD 23 million on June 18, 2021. Under the transaction, BIT Mining valid acceptances in respect of a total of 30.642534 million offer shares, representing 5.59% of the entire issued shares. Reported Earnings • May 09
First quarter 2021 earnings released: HK$0.045 loss per share (vs HK$0.056 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: HK$74.3m (up 2.8% from 1Q 2020). Net loss: HK$17.2m (loss narrowed 2.4% from 1Q 2020). 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 28% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 31
Full year 2020 earnings released: HK$0.14 loss per share (vs HK$0.11 loss in FY 2019) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: HK$383.0m (up 493% from FY 2019). Net loss: HK$46.8m (loss widened 39% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 28% per year. Tillkännagivande • Mar 20
Loto Interactive Limited to Report Fiscal Year 2020 Results on Mar 30, 2021 Loto Interactive Limited announced that they will report fiscal year 2020 results on Mar 30, 2021 Is New 90 Day High Low • Feb 09
New 90-day high: HK$0.97 The company is up 67% from its price of HK$0.58 on 11 November 2020. The Hong Kong market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 17% over the same period. Tillkännagivande • Jan 29
Loto Interactive Limited (SEHK:8198) agreed to acquire the remaining 49% stake in Ganzi Changhe Hydropower Consumption Service Co., Ltd from Shenzhen Chengyou Technology Co., Ltd and Guo Xiaoquan for approximately RMB88.2 million. Loto Interactive Limited (SEHK:8198) agreed to acquire the remaining 49% stake in Ganzi Changhe Hydropower Consumption Service Co., Ltd from Shenzhen Chengyou Technology Co., Ltd and Guo Xiaoquan for approximately RMB88.2 million on January 28, 2021. In a related transaction, 500.com Limited entered into a share subscription agreement with Loto Interactive Limited. Pursuant to the transaction, a refundable first payment of RMB52.9 million or 60% of the acquisition consideration shall be paid to the sellers in cash within five business days after the acquisition completion. The remaining balance of RMB35.3 million or 40% of the acquisition consideration shall be paid to the sellers in cash within five business days following the date on which the industry and commercial registration relating to the transfer of the sale interest from the sellers to the purchaser having been completed. The acquisition consideration will be funded by the net proceeds raised by the company through the subscription. The unaudited net asset value of Ganzi Changhe is approximately RMB159 million and unaudited net profit after tax is approximately RMB10.2 million as at December 31, 2020. The transaction is subject to all necessary approvals required by the relevant governmental, regulatory authorities and other third parties, and it is expected to be completed on July 28, 2021. Is New 90 Day High Low • Nov 25
New 90-day high: HK$0.80 The company is up 162% from its price of HK$0.30 on 27 August 2020. The Hong Kong market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 5.0% over the same period. Reported Earnings • Nov 07
Third quarter 2020 earnings released: HK$0.006 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: HK$153.9m (up HK$137.5m from 3Q 2019). Net loss: HK$1.94m (loss narrowed 2.0% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 13
New 90-day high: HK$0.50 The company is up 92% from its price of HK$0.26 on 15 July 2020. The Hong Kong market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 10.0% over the same period. Is New 90 Day High Low • Sep 25
New 90-day high: HK$0.36 The company is up 4.0% from its price of HK$0.35 on 26 June 2020. The Hong Kong market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Hospitality industry, which is up 11% over the same period. Tillkännagivande • Sep 02
Loto Interactive Limited Announces CEO Changes The board of directors of Loto Interactive Limited announced that Mr. Yan Hao has been appointed as an additional chief executive officer of the company with effect from 1 September 2020. His Mr. Yan Hao was an independent non-executive Director from 10 July 2017 to 7 August 2020. He was also the chairman of the Remuneration Committee and a member of the Nomination Committee of the Company from 10 July 2017 to 7 August 2020. The board announced that Mr. Wang Bingzhong has resigned as a chief executive officer of the company with effect from 31 October 2020 due to his intention to devote more time on his personal business. Tillkännagivande • Jul 24
Loto Interactive Limited to Report First Half, 2020 Results on Aug 07, 2020 Loto Interactive Limited announced that they will report first half, 2020 results on Aug 07, 2020