Core Viewpoint - Etoiles Capital Group Co., Ltd. has reported significant financial growth for the first half of 2025, transitioning from a net loss to a substantial net profit, driven by increased demand for integrated investor relations services in Hong Kong and the U.S. [3][10] Financial Performance - The company achieved a net profit of US$614,038 for the six months ended June 30, 2025, a remarkable increase of 9,116.7% from a net loss of US$6,810 in the same period of 2024 [3][10]. - Total revenue surged by 196.6%, reaching US$1,800,576 compared to US$607,115 for the six months ended June 30, 2024, primarily due to an expansion in service offerings and increased client engagements [4][8]. - Revenue from Hong Kong clients accounted for US$1,660,427, while US$140,149 was generated from U.S. clients, reflecting a growing demand for investor relations services [4]. Operating Expenses - Operating expenses rose by 74.1% to US$1,067,654 for the six months ended June 30, 2025, up from US$613,210 in the same period of 2024, driven by business expansion and increased staffing [5][8]. - Direct costs of revenue increased to US$250,909, while selling expenses amounted to US$80,223, and general and administrative expenses reached US$736,522 due to new hires and operational investments [5]. Taxation - Income tax expenses increased significantly by US$100,184 or 8,218.5%, from a tax credit of US$1,219 in the first half of 2024 to a tax expense of US$98,965 in the first half of 2025, correlating with the rise in taxable income [9]. Company Overview - Etoiles Capital Group, incorporated in the Cayman Islands, operates through its wholly-owned subsidiary, Etoiles Consultancy, focusing on integrated investor relations services in Hong Kong [1][11]. - The company aims to become a leading provider in this sector, emphasizing its commitment to delivering comprehensive solutions for companies managing institutional relations [3]. - The company was listed on the Nasdaq Capital Market on August 8, 2025, marking a significant milestone in its growth strategy [3].

Core Viewpoint - Four Chinese concept stocks have been suspended from trading by the U.S. Securities and Exchange Commission (SEC) due to allegations of stock price manipulation shortly after their IPOs [1] Group 1: QMMM Holdings (QMMM.US) - The SEC suspended trading of QMMM Holdings Ltd. after its stock price surged over 100 times in less than a week [2] - The company announced plans to establish a "diversified cryptocurrency vault" with an initial scale of $100 million, targeting Bitcoin, Ethereum, and Solana [2] - Following the announcement, the stock price skyrocketed, but the SEC's intervention indicates potential market manipulation [2] Group 2: Smart Digital Group Ltd. (SDM.US) - The SEC also suspended trading of Smart Digital Group Ltd. for similar reasons related to stock price manipulation [2] - The company had announced plans to create a "diversified cryptocurrency asset pool" focused on Bitcoin and Ethereum, but its stock price has since declined [2] Group 3: Etoiles Capital (EFTY.US) - The SEC decided to suspend trading of Etoiles Capital Group Co., Ltd. due to signs of market manipulation through social media recommendations [5] - The company went public on August 8 with an IPO price of $4 per share, raising $5.6 million, and its stock price has risen to $15, giving it a market cap of $300 million [5] Group 4: Pitanium Limited (PTNM.US) - The SEC suspended trading of Pitanium Limited based on similar concerns of market manipulation via social media [7] - The company completed its IPO on May 30 at $4 per share, raising $7 million, and its stock price has increased to $10.39, resulting in a market cap of $239 million [7] Group 5: Platinum Analytics (PLTS.US) - The SEC suspended trading of Platinum Analytics due to indications of market manipulation through social media recommendations [11] - The company went public on September 19 with an IPO price of $4, raising $8 million, and its stock price has risen to $17.5, leading to a market cap of $316 million [11]

Group 1 - Zacatecas Silver Corp. has entered into an investor relations agreement with Capital Gain Media Inc. for content development and digital marketing services [1] - The investor relations agreement will be effective for four months starting from October 16, 2025 [1] - The Company will pay an upfront cash fee of $250,000, plus applicable taxes, to Capital Gain for their services [1] Group 2 - Capital Gain Media Inc. is based in Vancouver, B.C., and is led by principal Graham Colmer [2] - As of the announcement date, Capital Gain does not own any securities of Zacatecas Silver Corp. and maintains an arm's-length relationship with the Company [2]

Core Viewpoint - Etoiles Capital Group successfully listed on NASDAQ, with a first-day increase of 22.00%, closing at $4.88 after raising $6 million by issuing 1.4 million shares at $4 each, the lower end of the pricing range of $4 to $6 [1] Company Overview - The company, formerly known as Thrive Capital Group, provides comprehensive investor relations services in Hong Kong through its subsidiary, Etoiles Consultancy [1] - Core services include public relations management, investor relations maintenance, customized due diligence, website design optimization, and promotional video production [1] Financial Details - The IPO was managed exclusively by Prime Number Capital, indicating a focused approach to capital raising [1]