Masonglory (MSGY) Registration filing summary

Company overview and business model

• Hong Kong wet-trades subcontractor operating since 2018; services include plastering, tile laying, brick laying, floor screeding and marble works. Masontech has held Group 2 Registered Specialist Trade Contractor status since 2020.

• Customers are mainly construction-project main contractors; end owners include Hong Kong property developers and the government. Projects are predominantly private residential and commercial, with public infrastructure and facilities work also undertaken.

• Expansion plans include increasing the workforce, acquiring machinery, diversifying the project portfolio and strengthening marketing.

• August 2026 share swap added a 20% non-controlling interest in Beta Beteiligungs und Besitz GmbH, a Continental European construction-materials distributor operating under the BETA Wellness brand.

Financial performance and metrics

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

• No dividends were declared or paid in FY2024–FY2026, and no asset transfers occurred between the holding entity and subsidiaries during those years.

• Audited consolidated financial statements for FY2024–FY2026 are incorporated by reference and were prepared under U.S. GAAP.

Use of proceeds and capital allocation

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

• Available funds and future earnings are intended to be retained for operations and business expansion; no dividends are anticipated in the foreseeable future.