Recent developments include a registered direct offering in April 2026 raising $6 million, a share consolidation in May 2026 reducing shares outstanding, and regaining compliance with Nasdaq minimum bid price requirements in June 2026. Earlier, the company completed its IPO in January 2025 raising $8 million with an additional $1.2 million from an over-allotment option.

• In April 2026, TJGC completed a registered direct offering of 15 million shares at $0.40 per share, generating gross proceeds of $6 million [S1].
• In May 2026, the company approved a share consolidation combining every three issued shares into one, reducing issued shares from 30.3 million to approximately 10.1 million [S1].
• In June 2026, TJGC regained compliance with Nasdaq minimum bid price requirements after its share price remained at or above $1.00 for at least 10 consecutive business days [S2].
• The company completed its initial public offering in January 2025, raising $8 million, with an additional $1.2 million raised through the exercise of an over-allotment option [N2][N1].
• The IPO was priced at $4.00 per share and the shares began trading on Nasdaq under the symbol "MCTR" before changing to "TJGC" in December 2025 [N3][S1].

TJGC's established market share in Hong Kong's mobile game advertising sector and its diversified revenue streams from online, offline, and strategic planning services provide a foundation for business stability. The company's successful IPO and follow-on offering demonstrate access to capital markets. Expansion into game development and live events could create new revenue opportunities and enhance brand visibility. The company's management believes current resources and financing will support working capital needs in the near term.

TJGC faces substantial doubt about its ability to continue as a going concern due to net losses, declining cash balances, and liquidity constraints. The competitive advertising market and shifts in client marketing budgets have led to revenue decreases in offline advertising. The company's expansion into game development and live events carries execution and financial risks, including impairment losses on development costs. Dependence on capital raises and borrowings introduces dilution and financial risk. Market competition and economic downturns may pressure profitability and growth.

TJGC's moat is based on its significant market share and established presence in the specialized mobile game advertising market in Hong Kong. The company's comprehensive advertising solutions, quality customer service, and value-added packages contribute to its competitive positioning. However, the market is competitive with multiple players and alternative marketing channels, requiring continuous investment to maintain and consolidate its position. The company's expansion into game development and live events represents attempts to build additional competitive advantages but also introduces execution risks.

• Going Concern Risk: The company reported net losses and declining cash balances, raising substantial doubt about its ability to continue as a going concern without additional financing or improved operations.
• Market Competition: Intense competition in the mobile game advertising market and alternative marketing channels may pressure pricing, margins, and market share.
• Execution Risk in New Ventures: Expansion into game development and live events involves operational and financial risks, including potential failure to develop successful games and losses from exhibitions.
• Liquidity and Financing Risk: Dependence on capital raises and borrowings to fund operations may result in dilution and financial strain if additional financing is not available on reasonable terms.

• TJGC GROUP Ltd is a limited liability company established under the laws of the British Virgin Islands on May 13, 2022.
• The company operates as an integrated marketing and advertising services provider in Hong Kong, specializing in mobile games promotion for the local market.
• TJGC provides services primarily to mobile game developers, including developers of mobile gaming applications downloadable from platforms such as Apple Store and Google Play Store.
• The company considers itself a major player in the Hong Kong specialized mobile game advertising market with significant market share.
• TJGC's revenue streams include online advertising, offline advertising and web banner marketing, provisioning of strategic planning services, and other services such as administrative and profit-sharing strategic planning.
• Revenue recognition follows ASC 606 principles, with revenue recognized at point of broadcast for online ads and over contract periods for offline and strategic planning services.
• The company has engaged in game development agreements to develop a mobile games platform and related software, with associated impairment losses recognized on development costs.
• TJGC has entered into cooperative agreements for exhibitions and live events as a new business venture to leverage idle resources and establish new revenue streams.
• The company completed an initial public offering (IPO) on Nasdaq in January 2025, raising approximately $8 million, with an additional over-allotment option exercised raising $1.2 million.
• In April 2026, TJGC completed a registered direct offering of 15 million shares at $0.40 per share, raising gross proceeds of $6 million.
• A share consolidation was approved in May 2026, combining every three issued shares into one, reducing issued shares from 30.3 million to approximately 10.1 million.
• As of March 31, 2026, TJGC reported revenue of approximately $3.66 million USD and a net loss of approximately $3.0 million USD.
• The company had current assets of approximately $3.09 million USD and current liabilities of approximately $2.86 million USD as of March 31, 2026, resulting in a current ratio of 1.08.
• TJGC had cash of approximately $0.3 million USD as of March 31, 2026, down from $3.0 million USD the prior year, and an accumulated deficit of approximately HK$47.7 million.
• The company has outstanding bank and other borrowings totaling approximately $2.0 million USD as of March 31, 2026, with weighted average interest rate of 2.9%.
• TJGC's working capital and cash flows raise substantial doubt about its ability to continue as a going concern, though management believes current resources and financing will meet working capital needs for the next 12 months.
• The company does not plan to pay dividends and intends to retain earnings for operations and expansion.
• TJGC's major shareholders include ALT CO LTD (31.9%), Lau Chi Fung (18.7%), Lam Kai Kwan (13.6%), and Siu Chun Pong (9.35%).
• The company faces competition from other advertising agencies and conventional marketing channels in the mobile gaming advertising market in Hong Kong.
• TJGC aims to maintain competitiveness by providing comprehensive advertising solutions, quality customer service, and value-added packages.
• The company is expanding downstream by acquiring operation rights for upcoming mobile games in the local market, which may increase operating overheads.
• TJGC's recent developments include the April 2026 registered direct offering and the May 2026 share consolidation.
• The company regained compliance with Nasdaq minimum bid price requirements as of June 30, 2026.
• Recent news includes the IPO pricing at $4.00 per share in January 2025, closing of the IPO raising $8 million, and successful exercise of over-allotment option raising an additional $1.2 million [N3][N2][N1].