New Risk • Jul 10
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 American 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 Earnings have declined by 70% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$18.8m market cap). Reported Earnings • Jun 30
First half 2026 earnings released: US$0.30 loss per share (vs US$0.28 loss in 1H 2025) First half 2026 results: US$0.30 loss per share (further deteriorated from US$0.28 loss in 1H 2025). Revenue: US$10.9m (down 23% from 1H 2025). Net loss: US$3.33m (loss widened 7.6% from 1H 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. New Risk • May 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 75% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (US$16.3m market cap). Tillkännagivande • Jan 02
Millennium Group International Holdings Limited Announces Board and Committee Changes, Effective January 1, 2026 Millennium Group International Holdings Limited announced that on December 30, 2025, Mr. Hok Han Ko tendered his resignation as independent director of the company, effective January 1, 2026. On January 1, 2026, approved by the Board of Directors, the Nominating Committee and the Compensation Committee, Mr. Hon Kit Cheng was appointed as the independent director and chair of nominating committee of the Company, effective January 1, 2026. The biographical information of Mr. Hon Kit Cheng is set forth below: Mr. Hon Kit Cheng has over 15 years of experience in manufacturing operations, logistics, supply chain management, and engineering project delivery across factory, logistics, and construction environments. Mr. Cheng launched his career in the logistics management industry at Eastern Terminal Limited. He subsequently honed his expertise in project and operational management through roles at AXA Wealth Management, AIA Ltd, and Eastern Worldwide Co. Ltd., where he advanced to Senior Project Officer. In this capacity, he spearheaded operational workflow design, internal system implementation, and project cost and profitability analysis. From 2016 to 2023, Mr. Cheng served as Senior Project Officer at Wah Tung Thai Logistics Co Ltd, where he took full ownership of the company’s overall logistics operations. He drove the introduction of digital management systems across shop-floor and warehouse operations and led the optimization of inventory, storage, and distribution processes. His initiatives significantly updated operational efficiency and strengthened the company’s market competitiveness. In 2023, Mr. Cheng ascended to the Chief Executive Officer of Gaam Sing Engineering Limited, where he is responsible for setting the company’s strategic vision, building and leading its executive team and culture, and ensuring exemplary execution of all projects, including strict compliance with technical and safety standards. He serves as the primary representative to all key stakeholders, steering the company toward sustained, long-term success. Mr. Cheng obtained Bachelor of Science (Honours) degree in Global Supply Chain Management from The Hong Kong Polytechnic University in 2005 and a Master of Science degree in Library and Information Management from The University of Hong Kong in 2013. Reported Earnings • Oct 30
Full year 2025 earnings released: US$0.56 loss per share (vs US$0.78 loss in FY 2024) Full year 2025 results: US$0.56 loss per share (improved from US$0.78 loss in FY 2024). Revenue: US$25.3m (down 34% from FY 2024). Net loss: US$6.32m (loss narrowed 28% from FY 2024). New Risk • Sep 06
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 American 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 Earnings have declined by 85% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$24.1m market cap). Reported Earnings • Jun 27
First half 2025 earnings released: US$0.28 loss per share (vs US$0.079 loss in 1H 2024) First half 2025 results: US$0.28 loss per share (further deteriorated from US$0.079 loss in 1H 2024). Revenue: US$14.1m (down 41% from 1H 2024). Net loss: US$3.09m (loss widened 246% from 1H 2024). New Risk • May 18
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 Earnings have declined by 84% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (US$19.1m market cap). New Risk • Dec 26
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 28% 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 Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 84% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$17.2m market cap). Reported Earnings • Nov 01
Full year 2024 earnings released: US$0.78 loss per share (vs US$0.034 loss in FY 2023) Full year 2024 results: US$0.78 loss per share (further deteriorated from US$0.034 loss in FY 2023). Revenue: US$38.5m (down 16% from FY 2023). Net loss: US$8.77m (loss widened US$8.42m from FY 2023). Reported Earnings • Jun 28
First half 2024 earnings released: US$0.079 loss per share (vs US$0.097 profit in 1H 2023) First half 2024 results: US$0.079 loss per share (down from US$0.097 profit in 1H 2023). Revenue: US$23.8m (down 9.6% from 1H 2023). Net loss: US$892.5k (down 192% from profit in 1H 2023). New Risk • May 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 Revenue has declined by 31% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$15.5m market cap). Reported Earnings • Oct 31
Full year 2023 earnings released: US$0.031 loss per share (vs US$0.41 profit in FY 2022) Full year 2023 results: US$0.031 loss per share (down from US$0.41 profit in FY 2022). Revenue: US$45.6m (down 31% from FY 2022). Net loss: US$354.1k (down 109% from profit in FY 2022). Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$2.09, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 13x in the Packaging industry in the US. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to US$2.43, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 14x in the Packaging industry in the US. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to US$2.30, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 13x in the Packaging industry in the US. Reported Earnings • Jul 04
First half 2023 earnings released: EPS: US$0.097 (vs US$0.20 in 1H 2022) First half 2023 results: EPS: US$0.097 (down from US$0.20 in 1H 2022). Revenue: US$26.3m (down 27% from 1H 2022). Net income: US$967.6k (down 50% from 1H 2022). Profit margin: 3.7% (down from 5.4% in 1H 2022). The decrease in margin was driven by lower revenue. New Risk • Jul 01
New major risk - Revenue and earnings growth Revenue has declined by 15% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 (16% average weekly change). Revenue has declined by 15% over the past year. Minor Risk Market cap is less than US$100m (US$21.5m market cap). Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$1.90, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 13x in the Packaging industry in the US. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$1.97, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 12x in the Packaging industry in the US.