AMPLE CAPITAL LIMITED 豐盛融資有限公司

Webb-site Who's Who indicates that the firm is almost certainly Huarchi Global (2296), which shares a HK office with its auditor Wellink CPA Ltd and is chaired by Lou Cheok Meng. The Accountants' Report in the prospectus was signed by Opal Chan Yan Ting, MD of Wellink. The stock was suspended last Friday and looks like a bubble to us, on 8.6x NAV and a P/E of 109. Wong Yat Chung was CFO from 2018 until the end of 2020 when he was replaced by Chan Wai Lun. The listing was sponsored by Ample Capital Ltd. Wellink is currently the auditor of 3 other listed companies.

For bad due diligence on the aborted GEM IPO of COCCI International Ltd. We note that Mr Tang was disciplined in 2006, for similar matters on 2 GEM listing applications when he was a Responsible Officer of CSC Asia Ltd.

Note: the deal lapsed on 24-Jun-2017.