Private company

Value Exchange International, Inc.

American miscellaneous business services company based in Kowloon1

In its 2024 annual report the company says: “We are a provider of customer-centric technology solutions for the retail industry in Hong Kong SAR and certain regions of China and Philippines.”3

Last updated Oct 20, 2026.

Overview

  • IndustryServices-Miscellaneous Business Services1
  • HeadquartersKowloon, Hong Kong1
  • Incorporated inNV2
  • Business address10/F, Ftlife Tower, 18 Sheung Yuet Road Kowloon Bay, Kowloon, K3 9990772
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

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We are a provider of customer-centric technology solutions for the retail industry in Hong Kong SAR and certain regions of China and Philippines.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

9.8%Gross margin4
-55.6%Operating margin4
-56.0%Net margin5
10.1%Revenue growth, 20234
-$2.1MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue90¢$10.8M
  • Other costs8¢$989.2K
  • Interest1¢$155.4K
  • Income tax0¢$39.8K

Out of $12.0M in revenue.45 The company lost money this year.

Financial statements

Revenue674$12.0M in 2023−41% since 2020
0$10.0M$20.0M$30.0M2020: $20.6M$20.6M20202021: $10.0M$10.0M2021−51%2022: $10.9M$10.9M2022+9%2023: $12.0M$12.0M2023+10%
Gross profit8674$1.2M in 2023−33% since 2019
0$1.0M$2.0M$3.0M2019: $1.8M$1.8M20192020: $2.1M$2.1M2020+16%2021: $2.7M$2.7M2021+30%2022: $1.7M$1.7M2022−37%2023: $1.2M$1.2M2023−30%
Operating income8674-$6.7M in 2023+5508% since 2019
-$8.0M-$6.0M-$4.0M-$2.0M0$2.0M2019: -$119.3K-$119.3K20192020: $126.3K$126.3K20202021: $534.8K$534.8K2021+323%2022: -$193.8K-$193.8K20222023: -$6.7M-$6.7M2023+3353%
Net income86745-$6.7M in 2023
-$8.0M-$6.0M-$4.0M-$2.0M0$2.0M2019: $53.4K$53.4K20192020: $105.5K$105.5K2020+97%2021: $677.4K$677.4K2021+542%2022: $3.4K$3.4K2022−100%2023: -$6.7M-$6.7M2023
Fiscal year2014201820192020202120222023
Revenue$20.6M6$10.0M7$10.9M4$12.0M4
Cost of revenue$6.5M8$18.5M6$7.3M7$9.2M4$10.8M4
Gross profit$1.8M8$2.1M6$2.7M7$1.7M4$1.2M4
Operating expenses$2.1M7$1.9M4$7.9M4
Operating income-$119.3K8$126.3K6$534.8K7-$193.8K4-$6.7M4
Interest$10.4K8$15.2K6$34.5K4$155.4K4
Income before tax$764.5K7$77.4K4-$6.7M4
Income tax$11.4K8$20.7K6$87.1K7$74.0K4$39.8K4
Net income$53.4K8$105.5K6$677.4K7$3.4K4-$6.7M5
Earnings per share$0.004-$0.184
Earnings per share (diluted)$0.004-$0.184
Shares (weighted, basic)36.2M shares438.2M shares4
Shares (weighted, diluted)36.2M shares438.2M shares4

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Corporate structure

Value Exchange International, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Value Exchange International, Inc.

  • Fai Chan Filed SCHEDULE 13D/A on Value Exchange International, Inc., latest Apr 17, 2025 (7 filings since Nov 15, 2021)
  • Value Exchange International, Inc. Kowloon, Hong Kong

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Value Exchange International, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Leasehold improvements$101.6K4 Dec 31, 2023$143.1K4 Dec 31, 2022−29.0%
Property and equipment, before depreciation$1.3M4 Dec 31, 2023$1.3M4 Dec 31, 2022+2.0%
Accumulated depreciation$1.0M4 Dec 31, 2023$796.3K4 Dec 31, 2022+27.3%
Property and equipment, net$308.1K4 Dec 31, 2023$499.5K4 Dec 31, 2022−38.3%
Operating-lease assets (leased space)$926.6K4 Dec 31, 2023$555.1K4 Dec 31, 2022+66.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$886.5K4 Dec 31, 2023$208.8K4 Dec 31, 2022+324.6%
Deposits held (banks)$160.8K4 Dec 31, 2023$108.1K4 Dec 31, 2022+48.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$206.8K4 Dec 31, 2023$206.8K4 Dec 31, 20220%

Inventory

ItemLatestA year beforeChange
Inventory, total$225.7K4 Dec 31, 2022$389.3K7 Dec 31, 2021−42.0%

Leadership

Who has led Value Exchange International, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Matthew R. Mecke2009
  2. Yuen Fong Lee2021

President

  1. Matthew R. Mecke2009–2011
  2. Seng Wee Tan2021

Chief financial officer

  1. Matthew R. Mecke2009
2010201520202025
Board members and other officers (14)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerCheuk Lun Au named Sep 14, 202327

Former names

  • Sino Payments, Inc.Aug 5, 2009 to Nov 7, 20162
  • China Soaring Inc.Nov 19, 2007 to Sep 16, 20082

Timeline

  1. Nov 13, 20258-K Executive or director change28
  2. Jul 7, 20258-K Change of auditor29
  3. May 23, 20258-K Listing notice or transfer30
  4. Jul 30, 20248-K Listing notice or transfer31
  5. Mar 27, 20248-K Other events32
  6. Mar 27, 20248-K Other events33
  7. Mar 20, 20248-K Other events34
  8. Dec 20, 20238-K Entered a material agreement; Change in control35
  9. Dec 12, 20238-K Executive or director change36
  10. Oct 4, 20238-K Entered a material agreement37
  11. Sep 12, 20238-K Unregistered sale of shares; Other events38
  12. Jul 17, 20238-K Shareholder vote39
  13. Nov 22, 2021New chief executive Yuen Fong Lee becomes CEO12
  14. Jan 9, 2009New chief executive Matthew R. Mecke becomes CEO13

Filings

96 filings to the SEC since October 2021: 5 annual reports, 11 quarterly reports, 25 major events, 22 insider forms, 7 large holders, 2 private raises, 24 other. The latest 20:

  1. Nov 13, 20258-K EDGAR
  2. Jul 7, 20258-K EDGAR
  3. May 23, 20258-K EDGAR
  4. Apr 17, 2025SCHEDULE 13D/A EDGAR
  5. Apr 1, 20254 EDGAR
  6. Nov 14, 202410-Q EDGAR
  7. Aug 14, 202410-Q EDGAR
  8. Jul 30, 20248-K EDGAR
  9. Jul 19, 202410-Q/A AMENDMENT NO. 1 EDGAR
  10. Jul 17, 20244 EDGAR
  11. Jul 16, 202410-Q EDGAR
  12. Jul 16, 202410-K EDGAR
  13. May 16, 2024NT 10-Q EDGAR
  14. May 7, 2024SPDSCL EDGAR
  15. Apr 1, 2024NT 10-K EDGAR
  16. Mar 27, 20248-K/A AMENDMENT NO.1 EDGAR
  17. Mar 27, 20248-K/A AMENDMENT NO. 1 EDGAR
  18. Mar 20, 20248-K EDGAR
  19. Dec 26, 2023D EDGAR
  20. Dec 20, 20238-K EDGAR

The 96 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

13 open-market trades by officers, directors and large owners since October 2021: 10 buys and 3 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Oct 17, 2022Chan Heng Fai AmbroseDirectorBuy7,276,163$0.24$1.7MForm 4
Oct 17, 2022Chan Heng Fai AmbroseDirectorSale7,276,163$0.24$1.7MForm 4
Oct 13, 2022Chan Heng Fai AmbroseDirectorBuy10,000$0.25$2.5KForm 4
Oct 12, 2022Chan Heng Fai AmbroseDirectorBuy10,000$0.25$2.5KForm 4
Oct 11, 2022Chan Heng Fai AmbroseDirectorBuy10,000$0.25$2.5KForm 4
Oct 10, 2022Chan Heng Fai AmbroseDirectorBuy10,000$0.26$2.6KForm 4
Oct 7, 2022Chan Heng Fai AmbroseDirectorBuy10,000$0.23$2.3KForm 4
Oct 5, 2022Chan Heng Fai AmbroseDirectorBuy25,000$0.20$5.0KForm 4
Oct 3, 2022Chan Heng Fai AmbroseDirectorBuy20,000$0.17$3.4KForm 4
Nov 19, 2021Chan Heng Fai AmbroseDirectorBuy1,976,963$0.25$494.2KForm 4
Nov 8, 2021Chan Heng Fai AmbroseDirectorBuy3,199,200$0.25$799.8KForm 4
Nov 8, 2021YEUNG CHUN WINGDirectorSale2,024,400$0.25$506.1KForm 4
Nov 8, 2021TAN SENG WEEPresidentSale500,000$0.25$125.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Fai ChanSCHEDULE 13D/A, 7 filings Nov 15, 2021 to Apr 17, 202540

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Dec 14, 2023Filed a private offering of securities Form D: $1.1 million offered in all Form D
  2. Sep 12, 2023Raised $1.3 million in a private offering of equity Form D: 1 investor so far Form D

SEC filer profile

How Value Exchange International, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARValue Exchange International, Inc.1
  • CIK0001417664
  • Employer ID (EIN)26-37673311
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inNevada1
  • Fiscal year endsDecember 311
  • Industry code (SIC)7380 Services-Miscellaneous Business Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address10/F, Ftlife Tower, 18 Sheung Yuet Road Kowloon Bay, Kowloon, K3 9990771
  • Phone852 2950 42881
  • Shares outstanding43,500,762 as of Nov 10, 202410
  • Public float$980.0K as of Dec 31, 20234
  • On EDGAR sinceNov 19, 20071
  • Filings342 in all: 8-K (69), 10-Q (51), 4 (41), 5 (29), NT 10-Q (17), UPLOAD (17), 10-K (16), 3 (13)1
    All 34 form types

    CORRESP (13), 8-K/A (10), NT 10-K (10), SC 13D/A (9), 10-Q/A (7), 10-K/A (5), 4/A (4), DEF 14C (4), D (3), PRE 14C (3), DEF 14A (2), DEFA14A (2), PRER14C (2), SC 13D (2), SPDSCL (2), 10-KT (1), 10QSB (1), 10QSB/A (1), 3/A (1), 8-A12G (1), EFFECT (1), NT 11-K (1), NTN 10Q (1), S-8 (1), SB-2 (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (10-K) Jul 16, 2024
    Quarterly report (10-Q) Nov 14, 2024
    Proxy statement (DEF 14A) Apr 28, 2023
    Latest 8-K (8-K) Nov 13, 2025

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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