Ming Shing Group Holdings Ltd Files 20-F

TL;DR

Ming Shing Group Holdings Ltd filed its 20-F for FY25, check financials.

AI Summary

Ming Shing Group Holdings Ltd filed its 20-F report for the fiscal year ending March 31, 2025. The company, primarily involved in construction special trade contractors, is based in Kowloon, Hong Kong. The filing details financial information and business operations for the period.

Why It Matters

This filing provides investors and stakeholders with essential financial and operational information about Ming Shing Group Holdings Ltd for the fiscal year ending March 31, 2025.

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

• 2025-03-31 — Fiscal Year End (The reporting period covered by the 20-F filing.)
• 2025-08-15 — Filing Date (The date the 20-F report was officially submitted to the SEC.)

Key Players & Entities

• Ming Shing Group Holdings Ltd (company) — Filer of the 20-F report
• Kowloon (location) — Business address city
• 0001956166 (company) — Central Index Key (CIK) for Ming Shing Group Holdings Ltd

FAQ

Key Financial Figures

• $0.0005 — registered Ordinary shares, par value $0.0005 per share MSW The Nasdaq Stock Mark
• $1 — were calculated at the pegged rate of US$1 = HK$ 7.8, being the mid-point of the c
• $7.75 — of the convertibility zone of US$1 = HK$7.75 to 7.85. The Hong Kong Monetary Authori
• $7 — t by banks at the weak side of US$1 = HK$7.85, as to maintain currency stability o
• $7.80 — the Hong Kong dollar at around US$1 = HK$7.80. No representation is made that the HK$
• $27,572,692 — ent, our total revenue increased from US$27,572,692 for the fiscal year ended March 31, 202
• $33,851,041 — e fiscal year ended March 31, 2024 to US$33,851,041 for the fiscal year ended March 31, 202

Filing Documents

• form20-f.htm (20-F) — 2775KB
• ex2-2.htm (EX-2.2) — 128KB
• ex4-2.htm (EX-4.2) — 111KB
• ex4-6.htm (EX-4.6) — 111KB
• ex4-9.htm (EX-4.9) — 36KB
• ex8-1.htm (EX-8.1) — 6KB
• ex12-1.htm (EX-12.1) — 16KB
• ex12-2.htm (EX-12.2) — 17KB
• ex13-1.htm (EX-13.1) — 7KB
• ex13-2.htm (EX-13.2) — 7KB
• ex15-2.htm (EX-15.2) — 16KB
• ex15-3.htm (EX-15.3) — 12KB
• form20-f_001.jpg (GRAPHIC) — 58KB
• form20-f_002.jpg (GRAPHIC) — 57KB
• form20-f_003.jpg (GRAPHIC) — 29KB
• fin_001.jpg (GRAPHIC) — 23KB
• fin_002.jpg (GRAPHIC) — 16KB
• ex15-2_001.jpg (GRAPHIC) — 12KB
• ex15-3_001.jpg (GRAPHIC) — 5KB
• 0001641172-25-024398.txt ( ) — 11629KB
• msw-20250331.xsd (EX-101.SCH) — 73KB
• msw-20250331_cal.xml (EX-101.CAL) — 85KB
• msw-20250331_def.xml (EX-101.DEF) — 205KB
• msw-20250331_lab.xml (EX-101.LAB) — 523KB
• msw-20250331_pre.xml (EX-101.PRE) — 393KB
• form20-f_htm.xml (XML) — 1751KB

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS 1 COMMONLY USED DEFINED TERMS 2 INTRODUCTION 3 PART I 4

IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS

ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS 4

OFFER STATISTICS AND EXPECTED TIMETABLE

ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE 4

KEY INFORMATION

ITEM 3. KEY INFORMATION 4 A. [Reserved] 14 B. Capitalization and Indebtedness 14 C. Reasons for the Offer and Use of Proceeds 14 D.

INFORMATION ON THE COMPANY

ITEM 4. INFORMATION ON THE COMPANY 43 A. History and Development of the Company 43 B. Business Overview 50 C. Organizational Structure 72 D. Property, Plants and Equipment 72

UNRESOLVED STAFF COMMENTS

ITEM 4A. UNRESOLVED STAFF COMMENTS 72

OPERATING AND FINANCIAL REVIEW AND PROSPECTS

ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS 72 A. Operating Results 72 B. Liquidity and Capital Resources 86 C. Research and Development, Patents and Licenses, etc. 89 D. Trend Information 89 E. Critical Accounting Policies and Estimates 89

DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES

ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 90 A. Directors and Senior Management 90 B. Compensation 92 C. Board Practices 95 D. Employees 98 E. Share Ownership 98 F. Disclosure of a registrant's action to recover erroneously awarded compensation 99

MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS

ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 99 A. Major Shareholders 99 B. Related Party Transactions 99 C. Interests of Experts and Counsel 99

FINANCIAL INFORMATION

ITEM 8. FINANCIAL INFORMATION 99 A. Consolidated Statements and Other Financial Information 99 B. Significant Changes 100

THE OFFER AND LISTING

ITEM 9. THE OFFER AND LISTING 100 A. Offer and Listing Details 100 B. Plan of Distribution 100 C. Markets 101 D. Selling Shareholders 101 E.

Dilution

Dilution 101 i F. Expenses of the Issue 101

ADDITIONAL INFORMATION

ITEM 10. ADDITIONAL INFORMATION 101 A. Share Capital 101 B. Memorandum and Articles of Association 101 C. Material Contracts 106 D. Exchange Controls 110 E. Taxation 110 F. Dividends and Paying Agents 117 G. 117 H. Documents on Display 117 I. Subsidiary Information 118 J. Annual Report to Security Holders 118

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 118

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 119 PART II 120

DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES

ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 120

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 120

CONTROLS AND PROCEDURES

ITEM 15. CONTROLS AND PROCEDURES 120

[RESERVED]

ITEM 16. [RESERVED] 121

AUDIT COMMITTEE FINANCIAL EXPERT

ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 121

CODE OF ETHICS

ITEM 16B. CODE OF ETHICS 121

PRINCIPAL ACCOUNTANT FEES AND SERVICES

ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 121

EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES

ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 122

PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS

ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 122

CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT

ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 122

CORPORATE GOVERNANCE

ITEM 16G. CORPORATE GOVERNANCE 122

MINE SAFETY DISCLOSURE

ITEM 16H. MINE SAFETY DISCLOSURE 123

DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 123

INSIDER TRADING POLICIES

ITEM 16J. INSIDER TRADING POLICIES 123

CYBERSECURITY

Item 16K. CYBERSECURITY 123 PART III 124

FINANCIAL STATEMENTS

ITEM 17. FINANCIAL STATEMENTS 124

FINANCIAL STATEMENTS

ITEM 18. FINANCIAL STATEMENTS 124

EXHIBITS

ITEM 19. EXHIBITS 124 CONSOLIDATED BALANCE SHEETS F-4 CONSOLIDATED STATEMENTS OF OPERATIONS F-5 CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY F-6 CONSOLIDATED STATEMENTS OF CASH FLOWS F-7

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS F-8 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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View this 20-F filing on SEC EDGAR