mF International (MFI) Registration Filing summary

Company overview and business model

• Operates as a holding company incorporated in the British Virgin Islands, with all business activities conducted through three Hong Kong subsidiaries focused on financial trading solutions and value-added services for brokers and institutional clients in Asia.

• Principal subsidiary, m-FINANCE, has nearly 20 years of experience providing real-time forex, bullion, and commodities trading platforms, handling over $100 billion in monthly transaction value.

• Revenue is generated primarily from SaaS-based trading platform solutions and related financial services, with a client base mainly comprising financial institutions in mainland China, Hong Kong, and Southeast Asia.

• Recent corporate developments include a change in controlling shareholder and an 8:1 share consolidation, significantly altering the voting structure.

Financial performance and metrics

• Total revenue for 2022, 2023, and 2024 was HK$34.9M, HK$32.0M, and HK$26.1M (US$3.36M), respectively, showing a declining trend.

• Gross profit for 2024 was HK$12.3M (US$1.58M), with a net loss of HK$20.2M (US$2.60M), compared to net income in prior years.

• The company’s public float is approximately $23.34 million, with 525,597 Class A shares outstanding held by non-affiliates.

Use of proceeds and capital allocation

• Net proceeds from securities offerings will be used to increase capitalization, enhance financial flexibility, and for general corporate purposes and other business opportunities.