Masonglory (FFTT) Registration filing summary

Company overview and business model

• Hong Kong wet-trades subcontractor since 2018, delivering plastering, tile laying, bricklaying, floor screeding and marble works; registered as a Group 2 specialist trade contractor since 2020.

• Customers are mainly main contractors; projects are primarily private residential and commercial developments, with public infrastructure and facilities work also undertaken.

• Stated strengths include an established track record, stable customer relationships, a pre-approved supplier network, quality assurance and an experienced management team; plans include expanding the workforce, acquiring machinery, diversifying projects and increasing marketing.

• An August 2026 share swap added a 20% equity-method interest in Austrian construction-materials distributor Beta Beteiligungs und Besitz GmbH, operating as BETA Wellness, extending the product and geographic footprint into Continental Europe.

Financial performance and metrics

• Five largest customers represented 99.3% of revenue in FY2026 versus 100% in FY2025; three customers exceeded 10% of FY2026 revenue versus four in FY2025.

• No dividends were declared or paid, and no assets were transferred among the holding structure’s entities, in FY2024, FY2025 or FY2026.

• October 2025 private placement issued 667,000 Class A shares at $1.50 each for $1,000,500 gross proceeds, with Series A and B warrants for up to 667,000 shares each at $1.30 and $1.10 exercise prices, respectively.

Use of proceeds and capital allocation

• Net proceeds from future shelf sales are to be used as specified in the applicable prospectus supplement, incorporated filing or free-writing prospectus.

• Current dividend policy is to retain available funds and future earnings for operations and expansion; no dividends are anticipated in the foreseeable future.

• Cash needs at the operating subsidiary are monitored regularly through monthly budgets; potential liquidity issues are reported to the CFO and require board approval.