Duyuru • Apr 10
Halcyon Agri Corporation Limited, Annual General Meeting, Apr 28, 2025 Halcyon Agri Corporation Limited, Annual General Meeting, Apr 28, 2025, at 15:00 Singapore Standard Time. Location: hope & faith meeting room, ywca fort canning, 6 fort canning road, singapore 179494, Singapore Duyuru • Feb 21
Halcyon Agri Corporation Limited Announces Appointment of Wang Hongxiang as Non-Independent Non-Executive Director Halcyon Agri Corporation Limited announced that Mr. Wang Hongxiang ("Mr Wang") for the appointment as a Non-Independent Non-Executive Director, the Board approved the appointment of Mr. Wang as a Non-Independent Non-Executive Director. Working Experience: 2016 to 2021, Xinxing Township of Tunchang County Secretary, CCP Party 2016 to 2021, Tunchang County, Hainan Province CCP Party Committee member and Deputy County Mayor; Third-Level Researchers. Other DirectorShips Present: The Chairman of HRG. Professional Qualifications: Bachelor in Chinese language, Hainan Normal University, The People's Republic of China. Appointment Date is February 21, 2025. Duyuru • Dec 26
Halcyon Agri Corporation Limited Announces Resignation of Zhang Daqiang as the Executive Director and Chief Strategy Officer Halcyon Agri Corporation Limited announced resignation of Mr. Zhang Daqiang as the Executive Director and Chief Strategy Officer of the Company. Role And Responsibilities: Mr. Zhang is in charge of establishing and formulating the Company's strategy and annual business plan and support the Chief Executive Officer and Board on strategic initiatives and inorganic investments. Other DirectorShips Past: 1) China Rubber Technology Group Co. Ltd. Other DirectorShips Present: (1) R1 International Investment Holding Group Company Limited (2) R1 International Private Company Limited (3) PT Kirana Megatara Tbk (4) Shanghai Longking International Co. Ltd. (5) Zhong Xiang Resource (Hainan) Co. Ltd. Reason For Cessation: Mr. Zhang Daqiang ("Mr Zhang") will be reassigned to other responsibilities within China Hainan Rubber Industry Co. Ltd. ("HRG") Group. Mr. Zhang will be working closely with the Board of Directors to achieve a smooth transition. Duyuru • Apr 09
Halcyon Agri Corporation Limited, Annual General Meeting, Apr 24, 2024 Halcyon Agri Corporation Limited, Annual General Meeting, Apr 24, 2024, at 15:00 Singapore Standard Time. Location: Hope & Faith meeting room, Level 3, YWCA Fort Canning, 6 Fort Canning Road, Singapore Agenda: To consider and approve the adoption of Directors' Statement, Audited Financial Statements and Independent Auditor's Report; to consider and re-election of Mr. Eddie Chan Yean Hoe, Mr. Sun Weiliang, Mr. Zhang Daqiang, Mr. Xu Xingbin, Ms. Fan Xiaohong as Directors; to consider and approve the Directors' fees of up to S$600,000 for the financial year ending 31 December 2024; to consider and re-appointment of Messrs Ernst & Young LLP as Auditor; and to consider other business matters. Duyuru • Apr 03
Halcyon Agri Corporation Limited Appoints Fan Xiaohong as Non-Executive Director and an Audit Committee Member Halcyon Agri Corporation Limited appointed Fan Xiaohong as Non-Executive Director and an Audit Committee Member. Board Comments: Having reviewed the nomination by China Rubber Investment Group Company Limited, a substantial shareholder of the Company, the recommendation of the Nominating Committee as well as the experience, expertise, competency and suitability of Ms Fan for the appointment as a Non-Executive Director and an Audit Committee member, the Board approved the appointment of Ms Fan as a Non-Executive Director and an Audit Committee Member. Working Experience: March 2024 to present, HRG General Manager, Operation and Risk Control Department November 2022 to March 2024, HRG General Manager, Trade Risk Control Department August 2021 to November 2022, HRG Deputy General Manager, Trade Risk Control Department January 2018 to August 2021, HRG Deputy General Manager, Enterprise Development Department April 2017 to December 2017, Hainan Haijiao Agricultural Development Co. Ltd. Executive Vice General Manager January 2014 to March 2017, HRG Deputy General Manager, Enterprise Development Department. Other DirectorShips Present: (1) Jiangsu Aidefu Latex Products Co. Ltd. (2) Hainan Haiken Wangfujing Daily Duty Free Products Management Co. Ltd. (3) Hainan Agricultural Reclamation Fruit and Vegetable Industry Group Co. Ltd. (4) Yaji International Trade Private Limited (5) R1 International Pte Ltd. Director Experience Details: Ms Fan will attend training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange. Professional Qualification: 1) Bachelor degree, Sichuan Agricultural University 2) Master degree, Sichuan Agricultural University. Duyuru • May 20
Halcyon Agri Corporation Limited Appoints Eddie Chan Yean Hoe as Audit Committee Chairman Halcyon Agri Corporation Limited announced that Mr. Eddie Chan Yean Hoe has been appointed as Audit Committee ("AC") Chairman of the Company with effect from 19 May 2023. Mr. Eddie Chan Yean Hoe is an Independent Director and has been a member of AC since 8 March 2021. Duyuru • Dec 16
Halcyon Agri Corporation Limited Appoints Latha Eapen K Mathew as an Audit Committee Member Halcyon Agri Corporation Limited announced that the Board, after reviewed the recommendation from the Nominating Committee as well as the accounting expertise, competency and suitability of Ms Latha Eapen K Mathew ("Ms Eapen"), approved the appointment of Ms Eapen as a member of the Audit Committee. The Board considers Ms Eapen to be independent for the purpose of Rule 704(8) of the Listing Manualof the Singapore Exchange Securities Trading Limited. Ms Eapen was with Ernst & Young for about 37 years until her retirement in June 2017. Her last position was Partner and she specialising in Singapore and international corporate tax. Ms Eapen has partially completed the Listed Entity Director (LED) Programme of the Singapore Institute of Directors since her appointment as an Independent Director of the Company on 12 August 2022. (i) Bachelor of Accountancy, University of Singapore (ii) Member of the Singapore Chartered Tax Professionals (iii) Member of the Institute of Singapore Chartered Accountants (iv) Member of the CPA Australia. Duyuru • Dec 15
Halcyon Agri Corporation Limited Appoints Liu Yongsheng as Non-Independent Non-Executive Director Halcyon Agri Corporation Limited announced appointment of LIU Yongsheng as non-independent non-executive director. Working Experience: 2020 to Present, Sinochem International Corporation Deputy General Manager of Finance Department 2016 to 2020, Sinochem International Corporation Director of Capital & Treasury 2015 to 2016, Sinochem International Corporation Deputy Finance Controller of Rubber BU 2013 to 2015, Sinochem GMG Global Ltd. Chief Finance Officer of SUDCAM 2011 to 2012, Sinochem GMG Global Ltd. Finance Controller of TBH. Other DirectorShips Present: (i) Jiangsu Huaihe Chemical Co. Ltd. (ii) Technical Absorbents Ltd. (iii) Silver Saddle Equity Investment Management (ShangHai) Co. Ltd. (iv) General Manager of Sinochem International Chemical Technology (Hainan) Co. Ltd. Professional Qualifications: (i) Master of Business Administration, Shanghai Jiao Tong University (ii) Bachelor of Administration, Shanghai University of Finance & Economics. Duyuru • Nov 08
Halcyon Agri Corporation Limited Announces Resignation of Liu Jiannan as Non-Independent Non-Executive Director Halcyon Agri Corporation Limited announced resignation of Liu Jiannan as Non-Independent Non-Executive Director. Mr. Liu Jiannan was proposed by China-Africa Development Fund, a substantial shareholder of the Company, to be a Director of the Company. Following the disposal of CADF's entire shareholding in the Company, Mr. Liu had decided to tender his resignation as a Non-Independent Non-Executive Director of the Company. Board Change • Sep 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Eapen Mathew was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 13
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up US$3.04m from 1H 2021). Profit margin: (up from net loss in 1H 2021). Duyuru • Aug 13
Halcyon Agri Corporation Limited Announces Appointment of Latha Eapen K Mathew as Independent Director Halcyon Agri Corporation Limited announced that in recommending the appointment of an Independent Director, the Company's Nominating Committee ("NC") considers factor such as needs and requirements of the Company, the composition of the Board of Directors (the "Board"), and the ability of the prospective candidate to contribute to discussions, deliberations and activities of the Board. The Board, after reviewed the recommendation of the NC as well as the professional expertise, competency and suitability of Ms. Latha Eapen K Mathew ("Ms Eapen"), approved the appointment of Ms. Eapen as an Independent Director of the Company as she is appropriately qualified and competent to supplement the Board's existing attribute, and her appointment will enhance independent element on the Board. Ms. Eapen was with Ernst & Young for about 37 years until her retirement in June 2017. Her last position was Partner and she specialising in Singapore and international corporate tax. Board Change • May 31
High number of new directors Independent Non-Executive Director Xuhua Huang was the last director to join the board, commencing their role in 2021. Duyuru • Apr 28
Halcyon Agri Corporation Limited Announces Retirement of Alan Rupert Nisbet as Lead Independent Director, Chairman of Audit Committee, and Member of the Nominating Committee, Remuneration Committee and Strategy and Investment Committee Halcyon Agri Corporation Limited announced that Mr. Alan Rupert Nisbet has decided not to seek re-election as a Director of the Company. He has retired from office by rotation at the conclusion of the Company's annual general meeting held on 27 April 2022, pursuant to Regulation 91 of the Constitution of the Company. Upon his retirement as a Director of the Company, Mr. Nisbet ceases to be the Lead Independent Director, Chairman of the Audit Committee, and a member of the Nominating Committee, Remuneration Committee as well as the Strategy and Investment Committee. Board Change • Apr 27
High number of new directors Independent Non-Executive Director Xuhua Huang was the last director to join the board, commencing their role in 2021. Reported Earnings • Apr 09
Full year 2021 earnings released: EPS: US$0.002 (vs US$0.034 loss in FY 2020) Full year 2021 results: EPS: US$0.002 (up from US$0.034 loss in FY 2020). Revenue: US$2.46b (up 44% from FY 2020). Net income: US$3.95m (up US$58.6m from FY 2020). Profit margin: 0.2% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Duyuru • Apr 08
Halcyon Agri Corporation Limited, Annual General Meeting, Apr 27, 2022 Halcyon Agri Corporation Limited, Annual General Meeting, Apr 27, 2022, at 10:30 Singapore Standard Time. Agenda: To consider adoption of Directors' Statement, Audited Financial Statements and Independent Auditor's Report; to consider re-election of Mr. Liu Hongsheng as Director; to consider re-election of Mr. Qin Jinke as Director; to consider re-election of Mr. Huang Xuhua as Director; to consider re-election of Mr. Liu Jiannan as Director; to consider approval of Directors' fees of up to SGD 750,000 for the financial year ending 31 December 2022; to consider re-appointment of Messrs. Ernst & Young LLP as Auditor; to consider authority to the directors to allot and issue shares; and to consider renewal of share buyback mandate. Reported Earnings • Mar 03
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$0.003 (up from US$0.034 loss in FY 2020). Revenue: US$2.46b (up 44% from FY 2020). Net income: US$11.5m (up US$66.2m from FY 2020). Profit margin: 0.5% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 68%. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Duyuru • Feb 26
Halcyon Agri Corporation Limited Announces Retirement of Alan Rupert Nisbet as Lead Non-Executive Independent Director; Chairman of Audit Committee; Member of Nominating, Remuneration as Well as the Strategy and Investment Committees Halcyon Agri Corporation Limited announced retirement of ALAN RUPERT NISBET as Lead Non-executive Independent Director; Chairman of Audit Committee; Member of Nominating, Remuneration as well as the Strategy and Investment Committees. The effective date of retirement will be the date of the 2022 AGM. Mr. Nisbet sits on the Company's Board of Directors (the "Board") as an Independent Director for a continuous period of more than nine (9) years. He has expressed his intention to retire at the 2022 AGM and will not be seeking re-election, to support progressive renewal of the Board. Mr. Alan Rupert Nisbet ("Mr Nisbet"), who will retire from office by rotation in the Company's annual general meeting in respect of the financial year ended 31 December 2021 ("2022 AGM") pursuant to Regulation 91 of the Constitution of the Company, has indicated that he will not be seeking re-election as a Director of the Company. Duyuru • Jan 19
Halcyon Agri Corporation Limited Provides Earnings Guidance for the Year Ended December 31, 2021 Halcyon Agri Corporation Limited provided earnings guidance for the year ended December 31, 2021. The Group is expected to report a profit after tax for FY2021 compared to the significant loss during the same period last year. The Expected PAT was mainly attributable to the overall improvement in business conditions, particularly the recovery of downstream industrial activities. The Group has been able to capitalize on the robust demand and continuous improvement in its market position that accelerated business growth during FY2021. Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Xuhua Huang was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 19
Full year 2020 earnings released: US$0.034 loss per share (vs US$0.003 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$1.71b (down 10% from FY 2019). Net loss: US$54.7m (loss widened US$49.7m from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 28
Full year 2020 earnings released: US$0.034 loss per share (vs US$0.003 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$1.71b (down 10% from FY 2019). Net loss: US$54.2m (loss widened US$49.2m from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.