Epsium Appoints New CFO to Strengthen Financial Management
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 01 2026
0mins
Should l Buy EPSM?
Source: seekingalpha
- Executive Change: Epsium Enterprise has appointed Ching Wan Wong as the new CFO effective immediately, succeeding Ming Yin Gordon Au Yeung who stepped down on April 30, indicating stability and continuity in the company's leadership.
- Departure Clarification: The company clarified that Au Yeung's departure was not due to any disagreements related to operations, policies, or practices, reflecting the company's commitment to transparency in governance and enhancing investor confidence.
- New CFO Background: Wong brings over 20 years of experience in financial reporting, internal controls, and regulatory compliance, having most recently served as CFO at Intelligent Living Application Group where he oversaw SEC compliance and financial disclosures, showcasing his extensive expertise in financial management.
- Compliance and Regulatory Expertise: Wong's background also includes advisory roles on Hong Kong Stock Exchange and U.S. Securities and Exchange Commission listing requirements, which will enhance Epsium's compliance capabilities and support the company in navigating complex market environments.
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Analyst Views on EPSM
About EPSM
Epsium Enterprise Ltd is an investment holding company mainly engaged in the liquor wholesale business. The Company operates its business through two segments. The Chinese Liquor segment is mainly engaged in the wholesale of Chinese liquor, including ‘Moutai’ brand and others. The Brandy and Whiskey segment is mainly engaged in the wholesale of brandy, whiskey, wine and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Epsium Appoints New CFO to Strengthen Financial Management
- Executive Change: Epsium Enterprise has appointed Ching Wan Wong as the new CFO effective immediately, succeeding Ming Yin Gordon Au Yeung who stepped down on April 30, indicating stability and continuity in the company's leadership.
- Departure Clarification: The company clarified that Au Yeung's departure was not due to any disagreements related to operations, policies, or practices, reflecting the company's commitment to transparency in governance and enhancing investor confidence.
- New CFO Background: Wong brings over 20 years of experience in financial reporting, internal controls, and regulatory compliance, having most recently served as CFO at Intelligent Living Application Group where he oversaw SEC compliance and financial disclosures, showcasing his extensive expertise in financial management.
- Compliance and Regulatory Expertise: Wong's background also includes advisory roles on Hong Kong Stock Exchange and U.S. Securities and Exchange Commission listing requirements, which will enhance Epsium's compliance capabilities and support the company in navigating complex market environments.
See More
Schall Law Firm Investigates Epsium for Securities Violations
- Investigation Launched: The Schall Law Firm has announced an investigation into Epsium Enterprise Limited (NASDAQ:EPSM), focusing on whether the company issued false or misleading statements or failed to disclose information pertinent to investors, potentially leading to investor losses.
- Investor Rights Protection: The firm encourages all shareholders who have suffered losses to participate in the investigation and offers free legal consultations, aiming to uphold investors' rights and enhance market transparency.
- Litigation Expertise: Schall Law Firm specializes in securities class action lawsuits and shareholder rights litigation, representing investors globally, which demonstrates its professional capability and market influence in protecting investor interests.
- Advertising Disclosure: This press release may be considered Attorney Advertising in some jurisdictions, emphasizing compliance and transparency in legal services, ensuring investors' right to be informed when selecting legal representation.
See More
Epsium Appoints New Chief Financial Officer
- Executive Change: Epsium Enterprise Limited announced the appointment of Wong Ching Wan as Chief Financial Officer effective May 1, 2026, aimed at strengthening the company's financial reporting and internal control framework.
- Predecessor's Contributions: Former CFO Ming Yin Gordon Au Yeung stepped down on April 30, 2026, with the company emphasizing that his departure was not due to any disagreements, reflecting the company's appreciation for his contributions.
- Extensive Experience: Mr. Wong brings over 20 years of experience in financial reporting, internal controls, and compliance, having served as CFO at Intelligent Living Application Group, where he was responsible for SEC compliance.
- Strategic Importance: The appointment of the new CFO is seen as a crucial step for Epsium's ongoing development as a Nasdaq-listed company, expected to enhance financial discipline and cross-border compliance capabilities to support future business expansion.
See More
Epsium Appoints New Chief Financial Officer
- Executive Change: Epsium Enterprise Limited announced the appointment of Wong Ching Wan as Chief Financial Officer effective May 1, 2026, aiming to enhance the company's financial reporting and internal control framework to support its ongoing development as a Nasdaq-listed entity.
- Predecessor's Contributions: Current CFO Ming Yin Gordon Au Yeung stepped down on April 30, 2026, with the company emphasizing that his departure was not due to any disagreements regarding operations or policies, reflecting the company's appreciation for his contributions.
- Extensive Experience: Mr. Wong brings over two decades of experience in financial reporting, internal controls, and compliance, particularly in SEC reporting, which will provide significant support to Epsium's operations and regulatory adherence.
- Market Positioning: Epsium, through its Macau subsidiary Luz, focuses on the import and wholesale distribution of premium alcoholic beverages, establishing itself as a top wholesaler of high-end Chinese liquor in the Macau market, and will leverage the new CFO's expertise to drive future growth.
See More
EPSIUM ENTERPRISE LIMITED NAMES MR. CHING WAN WONG AS CFO
Company Overview: Epsium Enterprise Limited has appointed Mr. Ching Wan Wong as the new Chief Financial Officer.
Leadership Change: The appointment of Mr. Wong is expected to bring significant financial expertise to the company's leadership team.
See More
Epsium Enterprise Reports FY Revenue of Approximately $5.1 Million
- Revenue Performance: Epsium Enterprise reported FY revenue of approximately $5.1 million, a significant decline from $1.6 million in 2024, reflecting challenges in market competition, particularly in promoting its premium product lines.
- Gross Profit Changes: The gross profit stood at $753,769, with the gross margin improving from 12.8% to 14.7%, indicating initial success in the company's product mix adjustment, despite the overall revenue decline.
- Increased Operating Expenses: Total operating expenses were approximately $2.2 million, up from $1.2 million in 2024, primarily driven by higher administrative costs associated with being a public company and an inventory impairment charge, which negatively impacted financial health.
- Net Loss Situation: The net loss for FY 2025 was approximately $(1.5) million, contrasting with a net income of $284,694 in 2024, highlighting the increased financial pressure the company faces during its transformation process.
See More
Epsium Appoints New CFO to Strengthen Financial Management
- Executive Change: Epsium Enterprise has appointed Ching Wan Wong as the new CFO effective immediately, succeeding Ming Yin Gordon Au Yeung who stepped down on April 30, indicating stability and continuity in the company's leadership.
- Departure Clarification: The company clarified that Au Yeung's departure was not due to any disagreements related to operations, policies, or practices, reflecting the company's commitment to transparency in governance and enhancing investor confidence.
- New CFO Background: Wong brings over 20 years of experience in financial reporting, internal controls, and regulatory compliance, having most recently served as CFO at Intelligent Living Application Group where he oversaw SEC compliance and financial disclosures, showcasing his extensive expertise in financial management.
- Compliance and Regulatory Expertise: Wong's background also includes advisory roles on Hong Kong Stock Exchange and U.S. Securities and Exchange Commission listing requirements, which will enhance Epsium's compliance capabilities and support the company in navigating complex market environments.
See More
Schall Law Firm Investigates Epsium for Securities Violations
- Investigation Launched: The Schall Law Firm has announced an investigation into Epsium Enterprise Limited (NASDAQ:EPSM), focusing on whether the company issued false or misleading statements or failed to disclose information pertinent to investors, potentially leading to investor losses.
- Investor Rights Protection: The firm encourages all shareholders who have suffered losses to participate in the investigation and offers free legal consultations, aiming to uphold investors' rights and enhance market transparency.
- Litigation Expertise: Schall Law Firm specializes in securities class action lawsuits and shareholder rights litigation, representing investors globally, which demonstrates its professional capability and market influence in protecting investor interests.
- Advertising Disclosure: This press release may be considered Attorney Advertising in some jurisdictions, emphasizing compliance and transparency in legal services, ensuring investors' right to be informed when selecting legal representation.
See More
Epsium Appoints New Chief Financial Officer
- Executive Change: Epsium Enterprise Limited announced the appointment of Wong Ching Wan as Chief Financial Officer effective May 1, 2026, aimed at strengthening the company's financial reporting and internal control framework.
- Predecessor's Contributions: Former CFO Ming Yin Gordon Au Yeung stepped down on April 30, 2026, with the company emphasizing that his departure was not due to any disagreements, reflecting the company's appreciation for his contributions.
- Extensive Experience: Mr. Wong brings over 20 years of experience in financial reporting, internal controls, and compliance, having served as CFO at Intelligent Living Application Group, where he was responsible for SEC compliance.
- Strategic Importance: The appointment of the new CFO is seen as a crucial step for Epsium's ongoing development as a Nasdaq-listed company, expected to enhance financial discipline and cross-border compliance capabilities to support future business expansion.
See More
Epsium Appoints New Chief Financial Officer
- Executive Change: Epsium Enterprise Limited announced the appointment of Wong Ching Wan as Chief Financial Officer effective May 1, 2026, aiming to enhance the company's financial reporting and internal control framework to support its ongoing development as a Nasdaq-listed entity.
- Predecessor's Contributions: Current CFO Ming Yin Gordon Au Yeung stepped down on April 30, 2026, with the company emphasizing that his departure was not due to any disagreements regarding operations or policies, reflecting the company's appreciation for his contributions.
- Extensive Experience: Mr. Wong brings over two decades of experience in financial reporting, internal controls, and compliance, particularly in SEC reporting, which will provide significant support to Epsium's operations and regulatory adherence.
- Market Positioning: Epsium, through its Macau subsidiary Luz, focuses on the import and wholesale distribution of premium alcoholic beverages, establishing itself as a top wholesaler of high-end Chinese liquor in the Macau market, and will leverage the new CFO's expertise to drive future growth.
See More
EPSIUM ENTERPRISE LIMITED NAMES MR. CHING WAN WONG AS CFO
Company Overview: Epsium Enterprise Limited has appointed Mr. Ching Wan Wong as the new Chief Financial Officer.
Leadership Change: The appointment of Mr. Wong is expected to bring significant financial expertise to the company's leadership team.
See More
Epsium Enterprise Reports FY Revenue of Approximately $5.1 Million
- Revenue Performance: Epsium Enterprise reported FY revenue of approximately $5.1 million, a significant decline from $1.6 million in 2024, reflecting challenges in market competition, particularly in promoting its premium product lines.
- Gross Profit Changes: The gross profit stood at $753,769, with the gross margin improving from 12.8% to 14.7%, indicating initial success in the company's product mix adjustment, despite the overall revenue decline.
- Increased Operating Expenses: Total operating expenses were approximately $2.2 million, up from $1.2 million in 2024, primarily driven by higher administrative costs associated with being a public company and an inventory impairment charge, which negatively impacted financial health.
- Net Loss Situation: The net loss for FY 2025 was approximately $(1.5) million, contrasting with a net income of $284,694 in 2024, highlighting the increased financial pressure the company faces during its transformation process.
See More
