SCHEDULE: Ming Shing Group Director Sells 666,500 Shares

Lam Chi Ming, a director of Ming Shing Group Holdings Ltd, reduced his beneficial ownership by selling 666,500 ordinary shares, decreasing his stake to 75.6%.

Summary

• Lam Chi Ming, a non-independent director of Ming Shing Group Holdings Ltd, sold a total of 666,500 Ordinary Shares.
• The sales occurred in a series of transactions between October 2, 2025, and October 15, 2025.
• This included 66,500 shares sold on the open market and 600,000 shares in a private offshore sale pursuant to Regulation S.
• The private sale of 600,000 shares generated US$1,128,000, equating to US$1.88 per share.
• Following these transactions, Mr. Lam's beneficial ownership decreased from 10,473,500 shares (as of October 2, 2025) to 9,807,000 shares.
• His current beneficial ownership represents 75.6% of the Issuer's 12,975,000 outstanding Ordinary Shares as of October 15, 2025.

Sentiment

Score: 4

Explanation: The filing reports a significant reduction in beneficial ownership by a director, which can be perceived as a cautious signal by the market, despite being post-lockup. However, the director still retains a very substantial majority stake (75.6%).

Positives

• The reporting person, a director, still retains a very substantial majority stake of 75.6% in the company, indicating significant alignment of interests with shareholders.

Negatives

• A significant reduction in beneficial ownership by a director, totaling 666,500 shares, can be perceived as a negative signal by the market, even if it occurred after a lock-up period.

Future Outlook

The reporting person expects to continuously evaluate the Issuer's financial condition, prospects, and his investment interests, reserving the right to adjust his holdings in the future through open market or privately negotiated transactions.

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.
• 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.

Industry Context

This filing is specific to an insider's ownership change and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The significant insider selling could lead to a reassessment of the company's value or prospects by the market, potentially influencing share price. However, the director's continued majority ownership (75.6%) may still provide a sense of stability and aligned interests.

Next Steps

• The reporting person reserves the right to increase or decrease his holdings in the Issuer at any time and from time to time.

Key Dates

Recommendation

A director's sale of a significant number of shares, even if post-lockup, can introduce market uncertainty. However, the director retains a substantial 75.6% ownership, indicating continued alignment with the company's long-term interests. Without additional information on the company's operational performance or specific reasons for the sale, a neutral 'hold' recommendation is appropriate, advising investors to monitor future developments and company fundamentals.

Keywords

Ming Shing Group Holdings, Lam Chi Ming, Schedule 13D/A, Insider Sale, Beneficial Ownership, Ordinary Shares, SEC Filing, Director Share Sale, Hong Kong, Cayman Islands