On 12 March 1996, Timeless Software Limited was incorporated in Hong Kong and started the software business.
Birth of "8028" - Successfully Listed on the GEM
On 25 November 1999, Timeless was successfully listed as the first GEM listed company with the stock code of 8028.
1999 - 2001
Building Autonomous Innovative Brand of Chinese Specialties
Timeless gained a success in building autonomous innovative brand of Chinese specialties by creating a consolidated platform, known as OSQun.
Diversification of Business - Acquired Equity Interest in A Mining Company
On 11 May 2012, Timeless completed the acquisition of 51% equity interest in Goffers Management Limited (“Goffers”). Xinjiang Tianmu Mineral Resources Development Co., Ltd. (“Xinjiang Tianmu”), a 51% owned subsidiary of Goffers, is principally engaged in exploration and mining of gold, iron and nickel-copper mines, and processing and sale of the outputs from the mines in Xinjiang, the PRC.
Through acquisition of 51% equity interest in Goffers, Timeless created value for the shareholder, and made a strategic move to enter the mining industry in the PRC.
Disposal of Software Business in the PRC
On 31 July 2015, Timeless disposed of the entire issued share capital of Timeless China Limited which was the holding company of the Group’s software business in the PRC. The disposal facilitated the Company to realize its investment in the PRC, streamline its businesses and direct its focus more on its core business segments of the Mining Business in the PRC and the Software Business in Hong Kong.
Commencement of Production of Nickel-Copper Mine
The development of Baishiquan Nickel-Copper mine has been completed after a trial production carried out since 2014. The management determined to commence production of the nickel-copper mine in 2015. Some of its ore bodies were found to run a higher grade and quantity of metal contents than the previous estimates. The sale of the nickel-copper ores become a major source of income of the Mining Business in 2015.
Main Sponsor of Tree Planting Challenge 2017 by Friends of the Earth
Timeless participated in the Tree Planting Challenge 2017 held by Friends of the Earth on 30 Apr 2017. The activity is to promote public involvement in countryside conversation work and enhance awareness of nature conservation and tree preservation.