New Risk • Mar 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 38% 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 Risk Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Announcement • Mar 18
GoFintech Quantum Innovation Limited has completed a Follow-on Equity Offering in the amount of HKD 1.3264 billion. GoFintech Quantum Innovation Limited has completed a Follow-on Equity Offering in the amount of HKD 1.3264 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 693,483,141
Price\Range: HKD 1.78
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 51,685,393
Price\Range: HKD 1.78
Transaction Features: Subsequent Direct Listing New Risk • Mar 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 9.8% 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 (9.8% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (28% increase in shares outstanding). Reported Earnings • Dec 01
First half 2026 earnings released: EPS: HK$0.029 (vs HK$0.002 loss in 1H 2025) First half 2026 results: EPS: HK$0.029 (up from HK$0.002 loss in 1H 2025). Revenue: HK$1.02b (up HK$1.0b from 1H 2025). Net income: HK$206.9m (up HK$217.8m from 1H 2025). Profit margin: 20% (up from net loss in 1H 2025). Over the last 3 years on average, earnings per share has increased by 116% per year whereas the company’s share price has increased by 113% per year. Announcement • Nov 18
GoFintech Quantum Innovation Limited to Report First Half, 2026 Results on Nov 28, 2025 GoFintech Quantum Innovation Limited announced that they will report first half, 2026 results on Nov 28, 2025 Announcement • Sep 06
GoFintech Quantum Innovation Limited has filed a Follow-on Equity Offering in the amount of HKD 1.3264 billion. GoFintech Quantum Innovation Limited has filed a Follow-on Equity Offering in the amount of HKD 1.3264 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 693,483,141
Price\Range: HKD 1.78
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 51,685,393
Price\Range: HKD 1.78
Transaction Features: Subsequent Direct Listing Announcement • Sep 05
GoFintech Quantum Innovation Limited has withdrawn its Follow-on Equity Offering in the amount of HKD 1.3264 billion. GoFintech Quantum Innovation Limited has withdrawn its Follow-on Equity Offering in the amount of HKD 1.3264 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 914,758,614
Price\Range: HKD 1.45
Transaction Features: Subsequent Direct Listing Board Change • Sep 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 Jinxiang Liang was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 15
GoFintech Quantum Innovation Limited has filed a Follow-on Equity Offering in the amount of HKD 1.3264 billion. GoFintech Quantum Innovation Limited has filed a Follow-on Equity Offering in the amount of HKD 1.3264 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 914,758,614
Price\Range: HKD 1.45
Transaction Features: Subsequent Direct Listing New Risk • Aug 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 28% 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. This is currently the only risk that has been identified for the company. Announcement • Jul 28
GoFintech Quantum Innovation Limited, Annual General Meeting, Aug 29, 2025 GoFintech Quantum Innovation Limited, Annual General Meeting, Aug 29, 2025, at 11:00 China Standard Time. Location: units no. 4102-06, 41/f, cosco tower, 183 queen`s road central, Hong Kong Announcement • Jun 20
GoFintech Quantum Innovation Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 March 2025 GoFintech Quantum Innovation Limited provided unaudited consolidated earnings guidance for the year ended 31 March 2025. For the year, the group is expected to record a consolidated loss in the amount not exceeding HKD 5 million for the Reporting Year, representing an improvement in loss position as compared with the consolidated loss of HKD 30.68 million for the year ended 31 March 2024. The improvement in consolidated loss for the Reporting Year was mainly due to (i) an increase in operating profit generated from the major businesses of the Group which include, amongst others, the securities brokerage and money lending businesses of the Group; (ii) a decrease in expected credit losses on loan and trade receivables; and (iii) a recognition in net gains on investments at fair value through profit or loss during the Reporting Year, as compared with the net losses on investments at fair value through profit or loss recognised during the year ended 31 March 2024. Announcement • Jun 18
GoFintech Quantum Innovation Limited to Report Fiscal Year 2025 Results on Jun 30, 2025 GoFintech Quantum Innovation Limited announced that they will report fiscal year 2025 results at 4:00 PM, China Standard Time on Jun 30, 2025 New Risk • Jun 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 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 (22% increase in shares outstanding). Announcement • Apr 25
GoFintech Quantum Innovation Limited has completed a Follow-on Equity Offering in the amount of HKD 259.28 million. GoFintech Quantum Innovation Limited has completed a Follow-on Equity Offering in the amount of HKD 259.28 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 231,500,000
Price\Range: HKD 1.12
Discount Per Security: HKD 0.0112
Transaction Features: Subsequent Direct Listing New Risk • Dec 21
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: -HK$235m 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 (-HK$235m free cash flow). Shareholders have been substantially diluted in the past year (372% increase in shares outstanding). Minor Risk Significant insider selling over the past 3 months (HK$569m sold). Reported Earnings • Dec 01
First half 2025 earnings released: HK$0.002 loss per share (vs HK$0.013 loss in 1H 2024) First half 2025 results: HK$0.002 loss per share (improved from HK$0.013 loss in 1H 2024). Net loss: HK$10.9m (loss narrowed 37% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. New Risk • Nov 08
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: HK$569m 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 Risk Shareholders have been substantially diluted in the past year (372% increase in shares outstanding). Minor Risk Significant insider selling over the past 3 months (HK$569m sold). Announcement • Jul 25
GoFintech Innovation Limited has completed a Follow-on Equity Offering in the amount of HKD 246.3984 million. GoFintech Innovation Limited has completed a Follow-on Equity Offering in the amount of HKD 246.3984 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 273,776,000
Price\Range: HKD 0.9
Discount Per Security: HKD 0.009
Transaction Features: Subsequent Direct Listing Announcement • Jul 12
GoFintech Innovation Limited, Annual General Meeting, Aug 12, 2024 GoFintech Innovation Limited, Annual General Meeting, Aug 12, 2024, at 11:00 China Standard Time. Location: units no. 4102-06, 41/f, cosco tower, 183 queen`s road central, Hong Kong Reported Earnings • Jun 27
Full year 2024 earnings released: HK$0.009 loss per share (vs HK$0.056 loss in FY 2023) Full year 2024 results: HK$0.009 loss per share (improved from HK$0.056 loss in FY 2023). Net loss: HK$30.7m (loss narrowed 48% from FY 2023). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 15
GoFintech Innovation Limited to Report Fiscal Year 2024 Results on Jun 26, 2024 GoFintech Innovation Limited announced that they will report fiscal year 2024 results on Jun 26, 2024 Recent Insider Transactions • Feb 09
Executive Chairman recently bought HK$100m worth of stock On the 7th of February, Zhiwei Liu bought around 1b shares on-market at roughly HK$0.10 per share. This transaction increased Zhiwei's direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Zhiwei has been a buyer over the last 12 months, purchasing a net total of HK$112m worth in shares. Announcement • Feb 08
GoFintech Innovation Limited Appoints Li Chunguang as Non-Executive Director The board of directors of GoFintech Innovation Limited announced that Mr. Li Chunguang (‘Mr. Li’) has been appointed as a non-executive Director with effect from 8 February 2024. Mr. Li, aged 38, graduated from Tsinghua University in 2009 with a bachelor's degree in Architecture and further obtained a master's degree in Philosophy from Columbia University in the United States in 2012. Mr. Li has extensive experience in the fields of artificial intelligence, blockchain and digital technology. He is currently the president and chief scientist of the Renxue International Foundation, a researcher at the Tsinghua (Qingdao) Academy of Arts and Science Innovation Research, a member of the Academic and Technical Committee of the Metaverse and AI 30 Forum, and an academic chairperson of the Youth Branch of the Chinese Society for Futures Studies. From May 2018 to October 2020, Mr. Li served as the vice president and chief expert of the Forum 30 on Global AI and Blockchain. From October 2015 to September 2018, Mr. Li served as the president and chief expert of Beijing Holographic Think Tank Culture Technology Co. Ltd. From October 2015 to June 2018, Mr. Li served as the vice president and chief expert of Beijing Triple Community Technology Co. Ltd. From December 2013 to September 2015, Mr. Li served as the vice president of Beijing INFOBOX Technology Co. Ltd. From November 2012 to November 2013, he served as the director of the strategic planning department of Beijing 55world Information Technology Co. Ltd. New Risk • Feb 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 380% 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 (31% average weekly change). Shareholders have been substantially diluted in the past year (380% increase in shares outstanding). Minor Risk Revenue is less than US$5m (HK$17m revenue, or US$2.2m). Announcement • Jan 15
GoFintech Innovation Limited Announces Change of Company Secretary The board of directors of GoFintech Innovation Limited hereby announced that Ms. LAM Wing Chi has tendered her resignation as the company secretary of the Company. The Board announced that Ms. YAN Xin has been appointed as the Company Secretary, the Authorised Representative and the Process Agent with effect from 15 January 2024. Ms. Yan holds a master's degree in Corporate Governance and Compliance from Hong Kong Baptist University. She has over 10 years of experience in company secretarial, corporate governance and corporate finance matters. Ms. Yan is an associate member of both the Hong Kong Chartered Governance Institute and the Chartered Governance Institute in the United Kingdom. New Risk • Dec 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 476% 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 (21% average weekly change). Shareholders have been substantially diluted in the past year (476% increase in shares outstanding). Minor Risk Revenue is less than US$5m (HK$17m revenue, or US$2.2m). Reported Earnings • Nov 30
First half 2024 earnings released: HK$0.013 loss per share (vs HK$0.027 loss in 1H 2023) First half 2024 results: HK$0.013 loss per share (improved from HK$0.027 loss in 1H 2023). Net loss: HK$17.4m (loss narrowed 29% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Announcement • Nov 17
GoFintech Innovation Limited to Report First Half, 2024 Results on Nov 28, 2023 GoFintech Innovation Limited announced that they will report first half, 2024 results on Nov 28, 2023 Board Change • Nov 02
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Gaofeng Li was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 31
GoFintech Innovation Limited Appoints Nie Riming as A Non-Executive Director GoFintech Innovation Limited announce that Dr. NIE Riming has been appointed as a non-executive Director with effect from 30 October 2023. Dr. Nie, aged 42, graduated from Zhejiang University in 2005 with a bachelor's degree in Engineering and further obtained a master's degree in Business Administration from Fudan University in 2014 and a Ph.D. in Economics from Fudan University in 2021. Dr. Nie is currently the vice president and a researcher at the Shanghai Institute of Finance and Law. He was also a visiting senior research assistant of Hong Kong Baptist University (School of Business) in March 2013. Dr. Nie has over 15 years of experience in finance and economics. Since November 2018, Dr. Nie has served as a director of Purekind Fund Management Co. Ltd. From December 2015 to October 2016, Dr. Nie was a supervisor of Bestone Asset Management Corporation Limited. The Company has entered into a letter of appointment with Dr. Nie for an initial term of 12 months with effect from the date of his appointment subject to the terms of renewal contained therein and retirement by rotation and re-election in accordance with the articles of association of the Company. Dr. Nie will hold office until the next annual general meeting of the Company and be eligible for re-election at the meeting. Dr. Nie is entitled to a remuneration of HKD 180,000 per annum which was determined and approved by the remuneration committee of the Board and the Board with reference to his duties, work experience, responsibilities, the Company's performance as well as the prevailing market conditions. New Risk • Aug 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 73% 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 (17% average weekly change). Shareholders have been substantially diluted in the past year (73% increase in shares outstanding). Revenue is less than US$1m (HK$5.1m revenue, or US$650k). Minor Risk Market cap is less than US$100m (HK$403.3m market cap, or US$51.5m). Announcement • Aug 17
GoFintech Innovation Limited has completed a Follow-on Equity Offering in the amount of HKD 52.718715 million. GoFintech Innovation Limited has completed a Follow-on Equity Offering in the amount of HKD 52.718715 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 263,593,577
Price\Range: HKD 0.2
Transaction Features: Subsequent Direct Listing Reported Earnings • Jul 31
Full year 2023 earnings released: HK$0.056 loss per share (vs HK$0.087 loss in FY 2022) Full year 2023 results: HK$0.056 loss per share (improved from HK$0.087 loss in FY 2022). Net loss: HK$58.9m (loss narrowed 26% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. New Risk • Jul 29
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 9.3% 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 Revenue is less than US$1m (HK$5.1m revenue, or US$653k). Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Shareholders have been diluted in the past year (44% increase in shares outstanding). Market cap is less than US$100m (HK$309.7m market cap, or US$39.7m). Board Change • Jul 28
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. 5 non-independent directors. Independent Non-Executive Director Gaofeng Li was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 18
GoFintech Innovation Limited to Report Fiscal Year 2023 Results on Jul 27, 2023 GoFintech Innovation Limited announced that they will report fiscal year 2023 results on Jul 27, 2023 New Risk • Jul 02
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: HK$5.1m (US$650k) This is considered a major risk. Companies with a small amount of revenue 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 Revenue is less than US$1m (HK$5.1m revenue, or US$650k). Minor Risks Shareholders have been diluted in the past year (44% increase in shares outstanding). Market cap is less than US$100m (HK$250.4m market cap, or US$32.0m). Reported Earnings • Jul 01
Full year 2023 earnings released: HK$0.056 loss per share (vs HK$0.087 loss in FY 2022) Full year 2023 results: HK$0.056 loss per share (improved from HK$0.087 loss in FY 2022). Net loss: HK$58.9m (loss narrowed 26% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Announcement • Jul 01
GoFintech Innovation Limited, Annual General Meeting, Sep 19, 2023 GoFintech Innovation Limited, Annual General Meeting, Sep 19, 2023. New Risk • Jun 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 2022. 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 2022 fiscal period end). Shareholders have been diluted in the past year (44% increase in shares outstanding). Revenue is less than US$5m (HK$38m revenue, or US$4.8m). Market cap is less than US$100m (HK$250.4m market cap, or US$32.0m). Announcement • Jun 16
GoFintech Innovation Limited to Report Fiscal Year 2023 Results on Jun 29, 2023 GoFintech Innovation Limited announced that they will report fiscal year 2023 results on Jun 29, 2023 Recent Insider Transactions • Mar 04
Executive Chairman recently bought HK$12m worth of stock On the 1st of March, Zhiwei Liu bought around 39m shares on-market at roughly HK$0.31 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Zhiwei has been a buyer over the last 12 months, purchasing a net total of HK$90m worth in shares. Board Change • Mar 02
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Gaofeng Li was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jan 18
GoFintech Innovation Limited has completed a Follow-on Equity Offering in the amount of HKD 57.1116 million. GoFintech Innovation Limited has completed a Follow-on Equity Offering in the amount of HKD 57.1116 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 219,660,000
Price\Range: HKD 0.26
Transaction Features: Subsequent Direct Listing Announcement • Jan 05
GoFintech Innovation Limited Appoints Hua Yang as Chief Executive Officer GoFintech Innovation Limited announce that with effect from 4 January 2023, Mr. Hua Yang ("Mr. Hua") has been appointed as the Chief Executive Officer of the Company. Mr. Hua, aged 47, has extensive experience in assets management, equity investment, insurance, and business administration. He is a co-founder and a partner of Source Capital Management Co. Ltd. the first insurance-company-backed private equity investment fund approved by the China Insurance Regulatory Commission, from March 2015 to June 2022. Mr. Hua joined the Group in October 2017 as a non-executive Director and was redesignated as an executive Director and was the Chief Executive Officer of the Company between March 2018 to April 2020. Since April 2020, Mr. Hua has been appointed as a managing director of a subsidiary of the Group. Prior to joining the Group, Mr. Hua was the general manager of Sun Life Everbright Asset Management Co. Ltd. from March 2012 to March 2015. During the period from 1997 to 2012, he had held various senior positions with insurance and securities companies and had completed various initial public offering projects and share placing projects, as well as corporate bonds issuance for a number of companies, etc. Mr. Hua graduated with a bachelor's degree in economics and management from Beijing Forestry University in 1997. He also obtained an executive master of business administration degree (EMBA) from Cheung Kong Graduate School of Business in 2005. Recent Insider Transactions • Dec 09
Executive Chairman recently bought HK$109k worth of stock On the 7th of December, Zhiwei Liu bought around 428k shares on-market at roughly HK$0.25 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Zhiwei has been a buyer over the last 12 months, purchasing a net total of HK$78m worth in shares. Announcement • Dec 08
GoFintech Innovation Limited Resignation of Independent Non-Executive Director and Change in Composition of Board Committees The board of directors of GoFintech Innovation Limited announced that Mr. ZHAO Gen has resigned as an independent non-executive director and a member of each of the audit committee, thenomination committee and the remuneration committee of the Board with effect from 7 December 2022 due to his other business commitments which require more of his attention and dedication. CHANGE IN COMPOSITION OF BOARD COMMITTEES: Effective 7 December 2022, Mr. Zhao ceased to be a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee upon his resignation as an independent non-executive Director. The Board announces that, Mr. CHAN Kin Sang, an existing independent non-executive Director, has been appointed as a member of each of the Nomination Committee and the Remuneration Committee with effect from 7 December 2022. Announcement • Dec 01
China Fortune Financial Group Limited Announces Re-Designation of LIU Haoyuan from A Non-Executive Director to an Executive Director The board of directors of China Fortune Financial Group Limited announced that Mr. LIU Haoyuan, a non-executive Director, has been redesignated from a non-executive Director to an executive Director with effect from 29 November 2022. Mr. Liu remains as a member of each of the remuneration committee of the Board and the nomination committee of the Board. Mr. Liu, aged 28, was appointed as a non-executive Director and a member of the Remuneration Committee and the Nomination Committee on 22 August 2022. He has also been a director of certain subsidiaries of the Group since 31 October 2022. Mr. Liu obtained a bachelor's degree in Mathematics & Computer Science from Boston University in 2018 and further obtained a master's degree in Computer Science from University of Southern California in 2019. Mr. Liu is the son of Dr. LIU Zhiwei, the chairman of the Board, an executive Director and a substantial shareholder of the Company. Mr. Liu has experience and knowledge in asset management, fintech, artificial intelligence and project management. He is currently a director and chief executive officer of a private company in Singapore and manages investment in real estate, digital assets, private equity, and secondary market stocks in Singapore. He was a project manager of a proprietary algorithmic trading firm in the United States of America and an intelligent information technology firm in the People 's Republic of China from February 2020 to February 2021. He was also a research assistant in the department of Technology Innovation and Entrepreneurship in University of Southern California from September 2018 to December 2019. Reported Earnings • Nov 30
First half 2023 earnings released: HK$0.027 loss per share (vs HK$0.036 loss in 1H 2022) First half 2023 results: HK$0.027 loss per share (improved from HK$0.036 loss in 1H 2022). Revenue: HK$1.89m (down 67% from 1H 2022). Net loss: HK$24.6m (loss narrowed 25% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Announcement • Nov 19
China Fortune Financial Group Limited Provides Earnings Guidance for the Six Months Ended 30 September 2022 China Fortune Financial Group Limited provides earnings guidance for the six months ended 30 September 2022. The Group expects to record a decrease in the consolidated loss of not more than HKD 25 million for the Relevant Period as compared with the consolidated loss of approximately HKD 33 million for the same period in 2021. The improvement in consolidated loss for the Relevant Period was mainly due to (i) a decrease in operating expenses due to property and equipment being fully impaired as at 31 March 2022; and (ii) a decrease in finance costs due to repayment of corporate bonds upon maturity. Announcement • Nov 16
China Fortune Financial Group Limited to Report First Half, 2023 Results on Nov 29, 2022 China Fortune Financial Group Limited announced that they will report first half, 2023 results on Nov 29, 2022 Announcement • Oct 20
China Fortune Financial Group Limited Receives Resignation Letter from Directors China Fortune Financial Group Limited receives resignation letter from Mr. CHEN Zhiwei, Dr. LIU Zhiwei and Ms. SUN Qing be and is hereby removed as a non-executive director of the Company. Announcement • Sep 28
China Fortune Financial Group Limited Announces Retirement of Mr. Wu Ling as Non-Executive Director China Fortune Financial Group Limited announced retirement of Mr. WU Ling as Non-executive Director as the resolution regarding the re-election of Mr. WU Ling as a non-executive Director was not passed at the AGM. Following the retirement of Mr. Liu, he also ceased to be a member of each of the audit committee, nomination committee and remuneration committee of the Company. Announcement • Sep 24
China Fortune Financial Group Limited has completed a Follow-on Equity Offering in the amount of HKD 56.73 million. China Fortune Financial Group Limited has completed a Follow-on Equity Offering in the amount of HKD 56.73 million.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 183,000,000
Price\Range: HKD 0.31
Transaction Features: Subsequent Direct Listing Announcement • Sep 20
China Fortune Financial Group Limited Announces Director Resignations The board (the "Board") of directors (the "Directors") of China Fortune Financial Group Limited announced the removal of Dr. LIU Zhiwei and Ms. SUN Qing as Directors. Announcement • Aug 23
China Fortune Financial Group Limited Announces Board Changes China Fortune Financial Group Limited announces that Mr. XIE Zhichun ("Mr. Xie") has (i) resigned as an executive Director and the chairman of the Board (the "Chairman") due to his other business commitments; and (ii) ceased to be a member of the remuneration committee of the Company (the "Remuneration Committee") and the chairman of the nomination committee of the Company (the "Nomination Committee"), with effect from 22 August 2022. The Board announced that Dr. LIU Zhiwei ("Dr. Liu") has been appointed as an executive Director, the Chairman, a member of the Remuneration Committee and the chairman of the Nomination Committee, with effect from 22 August 2022. Dr. Liu, aged 55, obtained a bachelor's degree in Industrial Management Engineering from Zhe Jiang University in 1989. He furthered his studies in Graduate School of the People's Bank of China between 1989 and 1992 and obtained his master's degree in international finance. In 2007, he obtained a doctoral degree in Economics & Law from Hunan University. Dr. Liu completed a professional course for Financial CEO at Cheung Kong Graduate School of Business in 2010 and further completed the China CEO Global Studies Program at Shanghai Jiaotong University in 2016. Dr. Liu is the father of Mr. LIU Haoyuan. Dr. Liu has over 20 years of experience in financing, securities investment and capital market. He is currently an executive director and chairman of the board of directors of Wealthking Investments Limited ("Wealthking", listed on the main board of the Stock Exchange). He is also the chairman of the supervisory committee of Purekind Fund Management Co.,Ltd. Dr. Liu was the chief executive officer of Wealthking from December 2021 to March 2022 and from April 2019 to December 2020 respectively. From June 2016 to June 2018, he was an executive director and the president of Wealthking. From December 2015 to June 2016, he was a non-executive director of Wealthking. Dr. Liu served as a non-executive director of Shanghai Zendai Property Limited (listed on the main board of the Stock Exchange) from February 2010 to December 2012 and was the vice chairman of Chang'an International Trust Co. Ltd. (formerly known as Xi' an International Trust Co., Ltd) from November 2008 to April 2011. He was a supervisor of Bohai Leasing Co.,Ltd. ("Bohai", formerly known as Xin Jiang Hui-tong (Group) Co., Ltd, listed on the Shenzhen Stock Exchange) from December 2005 to December 2008 and the chairman of the board of directors and general manager of Bohai from September 1998 to January 2001. He also served as a general manager of the merger and acquisition department of Guosen Securities Co. Ltd. (listed on the Shenzhen Stock Exchange) from July 1997 to August 1998 and a general manager of the investment banking department of China Great Wall Securities Co. Ltd. (listed on the Shenzhen Stock Exchange) from July 1995 to June 1997. The Board announced that Mr. LIU Haoyuan ("Mr. Liu") has been appointed as a non-executive Director and a member of each of the Remuneration Committee and the Nomination Committee, with effect from 22 August 2022. Mr. Liu, aged 28, obtained a bachelor's degree in Mathematics & Computer Science from Boston University in 2018 and further obtained a master's degree in Computer Science from University of Southern California in 2019. Mr. Liu is the son of Dr. Liu. Mr. Liu has experience and knowledge in asset management, fintech, artificial intelligence and project management. He is currently a director and chief executive officer of a private company in Singapore and manage investment in real estate, digital assets, private equity, and secondary market stocks in Singapore. He was a project manager of a proprietary algorithmic trading firm in the United States of America and an intelligent information technology firm in the People 's Republic of China (the "PRC") from February 2020 to February 2021. He was also a research assistant in the department of Technology Innovation and Entrepreneurship in University of Southern California from September 2018 to December 2019. The Company has entered into a letter of appointment with Mr. Liu for an initial term of one year with effect from the date of his appointment subject to the terms of renewal contained therein and retirement by rotation and re-election in accordance with the Articles of Association. Mr. Liu will hold office until the next general meeting of the Company and be eligible for re-election at the meeting. Mr. Liu is entitled to a remuneration of HKD 600,000 per annum which was determined and approved by the Remuneration Committee and the Board with reference to his duties, work experience, responsibilities, the Company's performance as well as the prevailing market conditions. The Board announce that Mr. ZHAO Gen ("Mr. Zhao ") has been appointed as an independent non-executive Director, and a member of each of the audit committee of the Company, the Remuneration Committee and the Nomination Committee, with effect from 22 August 2022. Recent Insider Transactions • Aug 19
Insider recently bought HK$78m worth of stock On the 16th of August, Liu Zhiwei bought around 274m shares on-market at roughly HK$0.28 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$78m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 02
Full year 2022 earnings released: HK$0.087 loss per share (vs HK$0.015 loss in FY 2021) Full year 2022 results: HK$0.087 loss per share (down from HK$0.015 loss in FY 2021). Net loss: HK$79.3m (loss widened 488% from FY 2021). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Jul 30
China Fortune Financial Group Limited Announces Management Changes The board of directors (the "Board") of China Fortune Financial Group Limited announced that Ms. LI Ching Yi ("Ms. Li") has tendered her resignation as (i) the company secretary of the Company (the "Company Secretary"); (ii) an authorised representative of the Company (the "Authorised Representative") under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"); and (iii) the process agent in Hong Kong for the purpose of accepting service of process in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) and for the purpose of accepting services of process and notices on the Company's behalf in Hong Kong under Rule 19.05(2) of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules") (the "Process Agent") with effect from 29 July 2022. The Board further announces that Ms. LAM Wing Chi ("Ms. Lam") has been appointed as the Company Secretary, the Authorised Representative and the Process Agent with effect from 29 July 2022. Ms. Lam is currently a senior manager of Corporate Services Division of Tricor Services Limited, a global professional services provider specializing in integrated business, corporate and investor services. Ms. Lam has over 8 years of experience in the corporate secretarial field and has been providing professional corporate services to Hong Kong listed companies as well as multinational, private and offshore companies. Ms. Lam is a chartered secretary, a chartered governance professional and an associate member of both The Hong Kong Chartered Governance Institute (HKCGI) (formerly known as The Hong Kong Institute of Chartered Secretaries) and The Chartered Governance Institute (CGI) (formerly known as The Institute of Chartered Secretaries and Administrators) in the United Kingdom. Reported Earnings • Jul 01
Full year 2022 earnings released Full year 2022 results: Revenue: HK$0 (down 100% from FY 2021). Net loss: HK$79.3m (loss widened 488% from FY 2021). Profit margin: (up from net loss in FY 2021). Announcement • Jun 30
China Fortune Financial Group Limited, Annual General Meeting, Sep 27, 2022 China Fortune Financial Group Limited, Annual General Meeting, Sep 27, 2022. Announcement • Jun 25
China Fortune Financial Group Limited Provides Consolidated Earnings Guidance for the Year Ended 31 March 2022 The board of directors of the China Fortune Financial Group Limited announced that based on its preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 March 2022 and the information currently available to the Board, despite the decrease in staff costs, finance costs and other operating expenses, it is expected to record an increase in the consolidated loss of not more than HKD 80.0 million for the Relevant Year as compared with the consolidated loss of approximately HKD 13.5 million for the year ended 31 March 2021. The increase in consolidated loss for the Relevant Year is mainly due to (i) decrease in the revenue; (ii) net investment losses from investment in financial assets; (iii) expected credit losses on loan and trade receivables; and (iv) impairment loss. Announcement • Jun 16
China Fortune Financial Group Limited to Report Fiscal Year 2022 Results on Jun 29, 2022 China Fortune Financial Group Limited announced that they will report fiscal year 2022 results on Jun 29, 2022 Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Xin Liu 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. Reported Earnings • Dec 19
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: HK$0.036 loss per share (down from HK$0.003 loss in 1H 2021). Revenue: HK$5.79m (down 90% from 1H 2021). Net loss: HK$33.0m (loss widened HK$30.3m from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Aug 05
CEO & Executive Director recently bought HK$245k worth of stock On the 30th of July, Yi Zhu bought around 792k shares on-market at roughly HK$0.31 per share. This was the largest purchase by an insider in the last 3 months. Yi has been a buyer over the last 12 months, purchasing a net total of HK$721k worth in shares. Recent Insider Transactions • Jul 28
CEO & Executive Director recently bought HK$136k worth of stock On the 23rd of July, Yi Zhu bought around 400k shares on-market at roughly HK$0.34 per share. This was the largest purchase by an insider in the last 3 months. Yi has been a buyer over the last 12 months, purchasing a net total of HK$272k worth in shares. Recent Insider Transactions • Jul 16
CEO & Executive Director recently bought HK$61k worth of stock On the 12th of July, Yi Zhu bought around 200k shares on-market at roughly HK$0.31 per share. This was the largest purchase by an insider in the last 3 months. Yi has been a buyer over the last 12 months, purchasing a net total of HK$69k worth in shares. Reported Earnings • Jun 30
Full year 2021 earnings released: HK$0.015 loss per share (vs HK$0.078 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were flat. Full year 2021 results: Revenue: HK$115.6m (flat on FY 2020). Net loss: HK$13.5m (loss narrowed 81% from FY 2020). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 03
New 90-day low: HK$0.41 The company is down 32% from its price of HK$0.60 on 05 November 2020. The Hong Kong market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 19% over the same period. Reported Earnings • Dec 20
First half 2021 earnings released: HK$0.003 loss per share The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: HK$41.2m (down 5.4% from 1H 2020). Net loss: HK$2.63m (loss narrowed 90% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 30
First half 2021 earnings released: HK$0.003 loss per share The company reported a solid first half result with reduced losses and improved revenues and control over expenses. First half 2021 results: Revenue: HK$41.2m (up 1.7% from 1H 2020). Net loss: HK$2.63m (loss narrowed 90% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Nov 18
China Fortune Financial Group Limited to Report First Half, 2021 Results on Nov 27, 2020 China Fortune Financial Group Limited announced that they will report first half, 2021 results on Nov 27, 2020 Is New 90 Day High Low • Oct 22
New 90-day low: HK$0.40 The company is down 48% from its price of HK$0.76 on 24 July 2020. The Hong Kong market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 8.0% over the same period. Is New 90 Day High Low • Oct 19
New 90-day high: HK$0.58 The company is up 835% from its price of HK$0.062 on 21 July 2020. The Hong Kong market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 4.0% over the same period. Announcement • Oct 17
China Fortune Financial Group Limited Announces Executive Changes China Fortune Financial Group Limited announces that due to change of job assignment, Ms. MOK Ming Wai ("Ms. Mok") has tendered her resignation as the company secretary of the Company; and the authorized representative of the Company with effect from 16 October 2020. The Board further announces that Ms. LI Ching Yi ("Ms. Li") has been appointed as the Company Secretary and the Authorised Representative with effect from 16 October 2020. Ms. Li is a manager of the Listing Corporate Services Department of Trident Corporate Services (Asia) Limited, a global professional services firm. Ms. Li has around 10 years of professional experience in company secretarial field and has been providing professional corporate secretarial and compliance services to listed companies. 