PMAX News & Events

Powell Max announced that it received a notification from Nasdaq stating that, due to the resignation of Lee Chern Koay from the company's board of directors and audit committee effective December 31, 2025, the company no longer meets certain Nasdaq corporate governance requirements, specifically the independent director and audit committee composition rules under Nasdaq Listing Rule 5605 and related provisions, which require an audit committee composed of at least three independent directors.

Reports 1H revenue HK$23.9M vs. HK$22.7M last year.

Powell Max has secured a significant new financing option through a standby equity line of credit with YA II PN, Ltd., an affiliate of Yorkville Advisors Global. This Equity Line allows Powell Max to issue and sell up to $40M of its Class A ordinary shares to Yorkville. In connection with the Equity Line, Powell Max has issued a $1M convertible promissory note to Yorkville due November 2025. Powell Max will file a Current Report on Form 6-K with the Securities and Exchange Commission, with additional details of the transactions. The $40M Equity Line will allow Powell Max to expand its portfolio of liquidity solutions and support its other strategic partnerships and investments in the financial communications and ancillary sectors.

Powell Max announced the resignation of Chun Ho Lam as the CFO of the company due to personal reasons. The company has appointed Kam Lai Kwok as the new CFO. Prior to her joining of the company, Kwok served as an executive director of a Hong Kong listed company principally engaged in financial communications and financial printing services and as a financial controller of its operating subsidiary for over eight years.