Board Change • Jun 12
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 Lanfen Lin was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$4.38, the stock trades at a trailing P/E ratio of 2.5x. Average forward P/E is 7x in the Diversified Financial industry in Hong Kong. Total loss to shareholders of 50% over the past year. Reported Earnings • Apr 26
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: CN¥1.56 (up from CN¥0.16 loss in FY 2024). Revenue: CN¥1.73b (up 32% from FY 2024). Net income: CN¥1.66b (up CN¥1.83b from FY 2024). Profit margin: 96% (up from net loss in FY 2024). Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Diversified Financial industry in Hong Kong. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$6.58, the stock trades at a trailing P/E ratio of 3.8x. Average forward P/E is 8x in the Diversified Financial industry in Hong Kong. Total returns to shareholders of 7.3% over the past year. Reported Earnings • Mar 27
Full year 2025 earnings: Revenues exceed analyst expectations Full year 2025 results: Revenue: CN¥1.73b (up 32% from FY 2024). Net income: CN¥1.66b (up CN¥1.83b from FY 2024). Profit margin: 96% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 5.3%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Diversified Financial industry in Hong Kong. Announcement • Mar 27
Lianlian DigiTech Co., Ltd., Annual General Meeting, Jun 05, 2026 Lianlian DigiTech Co., Ltd., Annual General Meeting, Jun 05, 2026. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to HK$5.40, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Diversified Financial industry in Hong Kong. Total loss to shareholders of 53% over the past year. Announcement • Mar 16
Lianlian DigiTech Co., Ltd. to Report Fiscal Year 2025 Results on Mar 26, 2026 Lianlian DigiTech Co., Ltd. announced that they will report fiscal year 2025 results at 4:00 PM, China Standard Time on Mar 26, 2026 Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$7.08, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Diversified Financial industry in Hong Kong. Total loss to shareholders of 24% over the past year. Simply Wall St's valuation model estimates the intrinsic value at HK$11.54 per share. Announcement • Oct 21
Lianlian DigiTech Co., Ltd. (SEHK:2598) commences an Equity Buyback plan for 41,789,776 shares, representing 10% of its issued share capital, under the authorization approved on June 6, 2025. Lianlian DigiTech Co., Ltd. (SEHK:2598) commences share repurchases on October 21, 2025, under the program mandated by the shareholders in the Annual General Meeting held on June 6, 2025. As per the mandate, the company is authorized to repurchase up to 41,789,776 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value and/or earnings per share for the company. The repurchases will be financed out of the Company’s internal resources (which may include surplus funds, retained profits and proceeds from the listing of H Shares on the Stock Exchange) legally available for such purpose in accordance with the Articles of Association and the applicable laws, rules and regulations of the PRC. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual general Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting. As of June 6, 2025, the company has 1,079,060,000 Shares,comprising 417,897,764 H Shares, 771,000 H shares in treasury and 660,391,236 unlisted Shares.
On September 24, 2025, the company initiated a Market Repurchase. Under the program, the company will repurchase its own H shares, at a price not exceeding HKD 10.22 per share. The program will be funded by company’s internal resources. The purpose of the program is to create value for the Shareholders. The repurchased shares will subsequently cancelled or will be held as treasury shares. The company shall not purchase its shares on the Stock Exchange if the purchase price is higher by 5% or more than the average closing market price for the five preceding trading days on which its shares were traded on the Stock Exchange. Reported Earnings • Aug 27
First half 2025 earnings released: EPS: CN¥1.42 (vs CN¥0.34 loss in 1H 2024) First half 2025 results: EPS: CN¥1.42 (up from CN¥0.34 loss in 1H 2024). Revenue: CN¥782.7m (up 27% from 1H 2024). Net income: CN¥1.51b (up CN¥1.86b from 1H 2024). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Diversified Financial industry in Hong Kong. Announcement • Aug 15
Lianlian DigiTech Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Lianlian DigiTech Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 New Risk • Jul 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. 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 (28% average weekly change). Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. New Risk • May 29
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. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 25
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: CN¥0.16 loss per share (improved from CN¥0.65 loss in FY 2023). Revenue: CN¥1.31b (up 28% from FY 2023). Net loss: CN¥168.2m (loss narrowed 74% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 62%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Diversified Financial industry in Hong Kong. New Risk • Mar 28
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. This is currently the only risk that has been identified for the company. New Risk • Mar 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. 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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 19
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: CN¥0.16 loss per share (improved from CN¥0.65 loss in FY 2023). Revenue: CN¥1.31b (up 28% from FY 2023). Net loss: CN¥168.2m (loss narrowed 74% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 62%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Diversified Financial industry in Hong Kong. Announcement • Mar 19
Lianlian DigiTech Co., Ltd., Annual General Meeting, Jun 06, 2025 Lianlian DigiTech Co., Ltd., Annual General Meeting, Jun 06, 2025. Announcement • Mar 18
Lianlian Digitech Co., Ltd. Announces Change of Joint Company Secretary The board of directors of Lianlian DigiTech Co., Ltd. announced that Ms. Cheung Lai Ha ("Ms. Cheung") has tendered her resignation as a joint company secretary of the Company ("Joint Company Secretary"), an authorized representative ("Authorised Representative") under Rule 3.05 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the representative for acceptance of service of process and notices on behalf of the Company in Hong Kong as required under Rule 19A.13(2) of the Listing Rules and Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the "Process Agent") with effect from March 18, 2025. Ms. Cheung has confirmed that she has no disagreement with the Board and there is no matter in relation to her resignation that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange. The Board further announced that Ms. Chan Yuen Mui ("Ms. Chan") has been appointed as a Joint Company Secretary, an Authorised Representative and the Process Agent with effect from March 18, 2025. Mr. Yan Hao ("Mr. Yan") will continue acting as the other Joint Company Secretary. Ms. Chan has over 15 years of experience in corporate secretarial and commercial administration fields. She currently serves as the Manager, Entity Solutions of Computershare Hong Kong Investor Services Limited. Ms. Chan obtained a Bachelor of Business Administration degree with Honours from Hong Kong Baptist University and a Master of Corporate Governance degree from The Hong Kong Polytechnic University. She is an associate member of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. Announcement • Mar 06
Lianlian DigiTech Co., Ltd. to Report Fiscal Year 2024 Results on Mar 18, 2025 Lianlian DigiTech Co., Ltd. announced that they will report fiscal year 2024 results on Mar 18, 2025 Breakeven Date Change • Aug 24
Forecast breakeven date pushed back to 2026 The 2 analysts covering Lianlian DigiTech previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 89% per year to 2025. The company is expected to make a profit of CN¥116.6m in 2026. Average annual earnings growth of 93% is required to achieve expected profit on schedule. Reported Earnings • Aug 21
First half 2024 earnings released First half 2024 results: CN¥0.34 loss per share. Net loss: CN¥351.3m (flat on 1H 2023). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Diversified Financial industry in Hong Kong. Announcement • Aug 08
Lianlian DigiTech Co., Ltd. to Report First Half, 2024 Results on Aug 20, 2024 Lianlian DigiTech Co., Ltd. announced that they will report first half, 2024 results on Aug 20, 2024 Announcement • Jun 08
Lianlian DigiTech Co., Ltd. Approves Appointment of Wei Ping as Executive Director Lianlian DigiTech Co., Ltd. announced that Ms. WEI Ping ("Ms. WEI") was elected as an executive Director of the Company with effective after the conclusion of the AGM. Announcement • Apr 28
Lianlian DigiTech Co., Ltd., Annual General Meeting, Jun 07, 2024 Lianlian DigiTech Co., Ltd., Annual General Meeting, Jun 07, 2024, at 10:00 China Standard Time. Location: 12/F, Block A, 79 Yueda Lane Binjiang District Hangzhou Zhejiang Province China Agenda: To consider and approve the 2023 Report of the Board; to consider and approve the 2023 Report of the Supervisory Committee; to consider and approve the 2023 Audited Consolidated Financial Statements; to consider and approve the 2023 Annual Report; to consider and approve the Annual Loss Recovery Plan; to consider and approve the application for credit lines from banks and other financial institutions; to consider and approve the re-appointment of PricewaterhouseCoopers; to consider and approve the election of Ms. WEI Ping as an executive director and to authorize the Board to fix her remuneration; to consider and approve the proposal to grant the general mandate to issue shares to the Board; and to consider and approve the proposal to grant the general mandate to repurchase shares to the Board. Announcement • Apr 26
Lianlian DigiTech Co., Ltd. Announces Board Changes The board of directors Lianlian DigiTech Co., Ltd. announced that in April 2024, Mr. Xue Qiangjun has tendered his resignation as an executive Director and the financial director of the Company in order to devote more energy to other management affairs. Mr. Xue Qiangjun ceased to be the financial director of the Company with effect from 25 April 2024. His resignation as an executive Director of the Company will take effect from the date on which the new Director elected at the forthcoming 2023 annual general meeting assumes the office. During the period when his resignation as an executive Director has not yet taken effect, Mr. Xue Qiangjun will continue to perform his duties in accordance with the relevant laws, administrative regulations and the articles of association of the Company. On 25 April 2024, the Board resolved to appoint Ms. Wei Ping as the financial director of the Company with effect from 25 April 2024. Ms. Wei Ping, aged 52, joined the Group in June 2023 and is primarily responsible for the financial planning, financial management and financial reporting of Group. Prior to joining the Group, Ms. Wei served as the chief financial officer of Tarena Hong KongLimited. (currently known as TCTM Kids IT Education Inc.) from August 2022 to June 2023. Ms. Wei also served as the chief financial officer of Shihui Inc. from May 2019 to July 2022. She served as the chief financial officer of Gravitas Education Holdings Inc. from May 2017 to May 2019. Prior to that, Ms. Wei also served as the chief financial officer of Lazada Plc from July 2016 to May 2017. Ms. Wei obtained her bachelor's degree from Central University of Finance and Economics in July 1993. Ms. Wei obtained the qualification of Certified Public Accountant of Illinois of the United States in July 1999. Announcement • Mar 28
Lianlian DigiTech Co., Ltd. has completed an IPO in the amount of HKD 657.146 million. Lianlian DigiTech Co., Ltd. has completed an IPO in the amount of HKD 657.146 million.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 19,290,000
Price\Range: HKD 10.22
Discount Per Security: HKD 0.28616
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 9,317,000
Price\Range: HKD 10.22
Discount Per Security: HKD 0.28616
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 35,693,000
Price\Range: HKD 10.22
Discount Per Security: HKD 0.28616
Transaction Features: Regulation S; Rule 144A; Sponsor Backed Offering 
