Value Exchange International, Inc.
value-exch.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2024 10-Q, filed Nov 14, 2024. Its latest SEC filing is a 8-K from Nov 13, 2025.
10-Q for Q3 FY2024, filed Nov 14, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Provides point-of-sale system maintenance and integration, software development, and store installation services to retailers and other commercial customers in Hong Kong, China and the Philippines.
10-K for FY2023, filed Jul 16, 2024Current Business Focus. We are a provider of customer-centric technology solutions for the retail industry in Hong Kong SAR and certain…View ↗
VEII is a holding company for its operating subsidiaries. VEI CHN operations are the primary operations of the Company. The principal…View ↗
VEI CHN Group provides development and customization of software and hardware, enhancements thereto and maintenance services for installed…View ↗
Other services include system installation and implementation, including i) project planning; ii) analysis of customer information and…View ↗
VEI CHN Group provides value-added software, which integrates with customer owned or licensed software, and ad-hoc software development…View ↗
How Did They Make Money?
Most revenue comes from systems maintenance contracts, with income spread over the contract term. Customers also buy systems development and integration services as work is performed, and standalone software when shipped and accepted.
10-K for FY2023, filed Jul 16, 2024Revenues of maintenance services are recognized when the services are performed in accordance with the contract term. For maintenance…View ↗
For services contracts, we typically satisfy our performance obligations as services are rendered and use a contract cost-based input…View ↗
Revenues of sale of software, if not bundled with other arrangements, are recognized when shipped and customer acceptance obtained at a…View ↗
Schedule of revenue record 2023 2022 US$ US$ NET REVENUES Service income – systems development and integration 246,854 240,858 – systems…View ↗
$12M
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10-K for FY2023, filed Jul 16, 2024
$12M ↗
Who Were Their Customers?
Retailers buy point-of-sale support and systems work; AS Watson is served directly and through Diebold Nixdorf’s local operations. Other retail groups, a telecom company and a government department are also customers.
10-K for FY2023, filed Jul 16, 2024The main business partner of the IT Business group is the Chinese and Hong Kong subsidiary operations (“WN”) of Diebold Nixdorf Inc.…View ↗
In recent years, VEI CHN has striven to broaden its clientele in retail sector and to other business sectors. VEI CHN Group secured a…View ↗
Sales are managed at the subsidiary level by each subsidiary. The Company has a Sales and Marketing team in each regional office of its…View ↗
How Were They Changing?
- Net income
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Sources
10-Q for Q3 FY2024, filed Nov 15, 2024
−$521.7KView ↗
- ▲ +60% (Loss)
- vs −$327K in Q3 FY2023
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Jul 7, 2025
Auditor declined to perform the next annual audit
The firm cited past-due fees, and the company began seeking a successor auditor.
Sources
8-K, filed Jul 7, 2025
On July 1, 2025, Value Exchange International, Inc. (“Company”) received electronic notice from Grassi & Co. CPAs P.C. (“Grassi”) that…View ↗
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May 23, 2025
Stock moved from OTCQB to OTC Pink Limited Information
The move followed failure to file the annual report within forty-five days of its due date.
Sources
8-K, filed May 23, 2025
The trading of the common stock of Value Exchange International, Inc. (“Company”) was moved from the OTCQB marketplace to the OTC Pink…View ↗
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Jul 30, 2024
Stock returned to the OTCQB marketplace
The move followed filing of the overdue annual and quarterly reports and an updated OTC certification.
Sources
8-K, filed Jul 30, 2024
As previously reported, the Common Stock (“Common Stock”) of Value Exchange International, Inc. (“Company”) was downgraded from quotation…View ↗
Payment processing recedes
The older report still considered reviving the payment-processing business with outside funding; the latest says the effort did not succeed and describes IT services as the focus.
10-K for FY2020, filed Mar 31, 2021 10-K for FY2023, filed Jul 16, 2024
Who Did They Compete With?
Competes with NCR, Fujitsu, IBM, Toppan Forms, and Octopus card
10-K for FY2023, filed Jul 16, 2024We face significant competition from large multinational service providers, such as DN, NCR, Fujitsu IBM, Toppan Forms and large national…View ↗
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