SCHEDULE: Ming Shing Director Sells 140,500 Shares

Ming Shing Group Holdings Ltd director Lam Chi Ming reduced his beneficial ownership by selling 140,500 ordinary shares on the open market between August 5 and September 30, 2025.

Summary

• Lam Chi Ming, a director of Ming Shing Group Holdings Ltd, reported a reduction in his beneficial ownership of the company's ordinary shares.
• Between August 5, 2025, and September 30, 2025, Mr. Lam sold an aggregate of 140,500 ordinary shares on the open market.
• Specific sales included 60,000 shares on August 5, 2025, 40,000 shares on August 14, 2025, 25,500 shares on September 29, 2025, and 15,000 shares on September 30, 2025.
• As of October 1, 2025, Mr. Lam beneficially owns 10,473,500 ordinary shares, representing 80.7% of the Issuer's 12,975,000 outstanding shares.
• These transactions occurred after the expiration of the lock-up period following the company's Initial Public Offering.

Sentiment

Score: 3

Explanation: The continued selling of shares by a director, even after the lock-up period, generally indicates a negative sentiment from an insider perspective. While the remaining stake is substantial, the consistent reduction in ownership is a bearish signal.

Negatives

• A director, Lam Chi Ming, sold a total of 140,500 ordinary shares on the open market between August 5, 2025, and September 30, 2025.
• This continued selling activity by a significant insider could be interpreted negatively by the market.
• The beneficial ownership of Mr. Lam has decreased from 11,250,000 shares on November 21, 2024, to 10,473,500 shares as of September 30, 2025.

Risks

• The continued selling of shares by a director, Lam Chi Ming, could signal a lack of confidence in the company's future prospects or valuation.
• A significant reduction in insider ownership, even if still substantial, might be perceived negatively by investors.
• There is an inconsistency in the filing regarding transactions within the last 60 days: Item 3 details sales on September 29 and 30, 2025, which fall within the 60-day period prior to the October 2, 2025 filing date, while Item 5(c) states no transactions occurred during this period. This discrepancy could raise questions about the accuracy or completeness of disclosures.

Future Outlook

The Reporting Person expects to evaluate the Issuer's financial condition and prospects and reserves the right to change his intentions, including increasing or decreasing his holdings in the Issuer at any time.

Management Comments

• The Reporting Person expects to evaluate the Issuer's financial condition and prospects and the Reporting Person's respective interests in, and intentions with respect to, the Issuer and the Reporting Person's respective investments in the securities of the Issuer, on an on-going basis.
• The Reporting Person reserves the right to change his intentions, as he deems appropriate. In particular, the Reporting Person may at any time and from time to time, in the open market, in privately negotiated transactions or otherwise, increase or decrease his holdings in the Issuer that the Reporting Person now owns or may hereafter acquire.

Industry Context

NA

Stakeholder Impact

• Shareholders: May interpret the director's selling as a negative signal, potentially leading to downward pressure on the stock price.
• Management: The director's actions could be seen as a lack of full alignment with other shareholders, though his remaining stake is still very high.

Next Steps

• Lam Chi Ming will continue to evaluate the Issuer's financial condition and prospects.
• Lam Chi Ming reserves the right to increase or decrease his holdings in the Issuer in the future.

Key Dates

Recommendation

The consistent selling of shares by a director, Lam Chi Ming, who still holds a substantial stake, suggests a lack of conviction in the company's near-term growth or valuation. While the director's remaining ownership is high, the pattern of divestment, particularly after the lock-up period, often signals that an insider believes the stock may be fully valued or that better opportunities exist elsewhere. This insider selling, coupled with the absence of any positive catalysts in the filing, warrants a cautious approach, leading to a 'sell' recommendation for investors to consider reducing exposure or avoiding the stock until more positive signals emerge.

Keywords

Ming Shing Group Holdings, Lam Chi Ming, Schedule 13D, Insider Selling, Beneficial Ownership, Ordinary Shares, SEC Filing, Director Sales, G61440106