Ming Shing Group Holdings Ltd Files 2024 Annual Report

Ticker: MSW · Form: 20-F · Filed: Aug 26, 2024 · CIK: 1956166

Sentiment: neutral

Topics: annual-report, 20-f, construction

TL;DR

Ming Shing Group Holdings Ltd filed its 20-F, covering FY ending March 31, 2024. All systems go.

AI Summary

Ming Shing Group Holdings Ltd filed its annual 20-F report for the fiscal year ending March 31, 2024. The company, incorporated in E9, operates in the construction special trade contractors sector. Its principal executive offices are located at 8/F, Cheong Tai Industrial Building, 16 Tai Yau Street, San Po Kong, Kowloon.

Why It Matters

This filing provides investors with a comprehensive overview of Ming Shing Group Holdings Ltd's financial performance and business operations for the past fiscal year, crucial for investment decisions.

Risk Assessment

Risk Level: low — The filing is a standard annual report (20-F) and does not contain immediate red flags or significant new disclosures.

Key Numbers

Key Players & Entities

FAQ

What is the primary business of Ming Shing Group Holdings Ltd?

Ming Shing Group Holdings Ltd operates in the CONSTRUCTION SPECIAL TRADE CONTRACTORS sector, as indicated by its SIC code [1700].

What is the filing date of this 20-F report?

This 20-F report has an accession number of 0001493152-24-033838 and was filed on 20240826.

Where are the company's principal executive offices located?

The company's business and mail address is 8/F, Cheong Tai Industrial Building, 16 Tai Yau Street, San Po Kong, Kowloon.

What is the fiscal year end for Ming Shing Group Holdings Ltd?

The fiscal year end for Ming Shing Group Holdings Ltd is March 31 (0331).

What is the company's Central Index Key (CIK)?

The Central Index Key for Ming Shing Group Holdings Ltd is 0001956166.

Filing Stats: 4,611 words · 18 min read · ~15 pages · Grade level 12.7 · Accepted 2024-08-26 13:41:43

Key Financial Figures

Filing Documents

Business

Business Overview 36 C. Organizational Structure 57 D. Property, Plants and Equipment 57

UNRESOLVED STAFF COMMENTS

ITEM 4A. UNRESOLVED STAFF COMMENTS 57

OPERATING AND FINANCIAL REVIEW AND PROSPECTS

ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS 57 A. Operating Results 57 B. Liquidity and Capital Resources 70 C. Research and Development, Patents and Licenses, etc. 73 D. Trend Information 73 E. Critical Accounting Estimates 73

DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES

ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 74 A. Directors and Senior Management 74 B. Compensation 76 C. Board Practices 79 D. Employees 82 E. Share Ownership 82 F. Disclosure of a registrant's action to recover erroneously awarded compensation 83

MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS

ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 83 A. Major Shareholders 83 B. Related Party Transactions 83 C. Interests of Experts and Counsel 83

FINANCIAL INFORMATION

ITEM 8. FINANCIAL INFORMATION 83 A. Consolidated Statements and Other Financial Information 83 B. Significant Changes 84

THE OFFER AND LISTING

ITEM 9. THE OFFER AND LISTING 84 A. Offer and Listing Details 84 B. Plan of Distribution 84 C. Markets 85 D. Selling Shareholders 85 E.

Dilution

Dilution 85 i F. Expenses of the Issue 85

ADDITIONAL INFORMATION

ITEM 10. ADDITIONAL INFORMATION 85 A. Share Capital 85 B. Memorandum and Articles of Association 85 C. Material Contracts 90 D. Exchange Controls 94 E. Taxation 94 F. Dividends and Paying Agents 101 G. 101 H. Documents on Display 101 I. Subsidiary Information 102 J. Annual Report to Security Holders 102

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 102

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 103 PART II 104

DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES

ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 104

MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS

ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 104

CONTROLS AND PROCEDURES

ITEM 15. CONTROLS AND PROCEDURES 104

[RESERVED]

ITEM 16. [RESERVED] 105

AUDIT COMMITTEE FINANCIAL EXPERT

ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 105

CODE OF ETHICS

ITEM 16B. CODE OF ETHICS 105

PRINCIPAL ACCOUNTANT FEES AND SERVICES

ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 105

EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES

ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 106

PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS

ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 106

CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT

ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 106

CORPORATE GOVERNANCE

ITEM 16G. CORPORATE GOVERNANCE 106

MINE SAFETY DISCLOSURE

ITEM 16H. MINE SAFETY DISCLOSURE 107

DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 107

INSIDER TRADING POLICIES

ITEM 16J. INSIDER TRADING POLICIES 107

CYBERSECURITY

Item 16K. CYBERSECURITY 107 PART III 108

FINANCIAL STATEMENTS

ITEM 17. FINANCIAL STATEMENTS 108

FINANCIAL STATEMENTS

ITEM 18. FINANCIAL STATEMENTS 108

EXHIBITS

ITEM 19. EXHIBITS 108 CONSOLIDATED BALANCE SHEETS F-3 CONSOLIDATED STATEMENTS OF OPERATIONS F-4 CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY F-5 CONSOLIDATED STATEMENTS OF CASH FLOWS F-6

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS F-7 ii EXCHANGE RATE INFORMATION The Company is a holding company with operations conducted in Hong Kong through its key operating Subsidiaries in Hong Kong, and their reporting currency is United States dollars while the Company's functional currency is Hong Kong dollars. Translations of amounts from HK$ into US$ are solely for the convenience of the reader and were calculated at the pegged rate of US$1 = HK$ 7.8, being the mid-point of the convertibility zone of US$1 = HK$7.75 to 7.85. The Hong Kong Monetary Authority provides convertibility undertaking, under which the authority commits to sell Hong Kong dollars upon request by banks at the strong-side of US$1 = HK$7.75 and to buy Hong Kong dollars upon request by banks at the weak side of US$1 = HK$7.85, as to maintain currency stability of the Hong Kong dollar at around US$1 = HK$7.80. No representation is made that the HK$ amount represents or could have been, or could be converted, realized or settled into US$ at that rate, or at any other rate. FORWARD-LOOKING This Annual Report contains forward-looking statements that involve risks and uncertainties, such as statements related to future events, business strategy, future performance, future operations, backlog, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management. All statements other than statements of historical fact may be forward-looking statements. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are often, but not always, identified by the use of words such as "aim", "anticipate", "believe", "estimate", "expect", "going forward", "intend", "may", "plan", "potential", "predict", "propose", "seek", "should", "will", "would" and similar expressions or their negative. Forward-looking statements should not be read as a

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