Company Description

We are an exempted company with limited liability incorporate under the laws of the Cayman Islands on November 12, 2024, as a holding company. We operate our business primarily through our indirectly wholly-owned Operating Subsidiary, KWF HK. We operate in a single segment that represent the Company’s core business as a civil engineering subcontractor in Hong Kong. Our construction activities mainly include civil engineering works in Hong Kong. We mostly undertake civil engineering works in the role of subcontractor. KWF HK was founded in 2014. We are experienced in providing civil engineering services in the role of subcontractor. In 2023, we were awarded with a public project with an initial contract sum of over HK$35 million (US$4.4 million). In 2024, we were awarded with a public project with an initial contract sum of over HK$59 million (US$7.5 million). We, through our Operating Subsidiary, are mainly engaged in public sector projects in Hong Kong. To a much lesser extent, we also participate in private sector projects. Our public sector projects mainly include infrastructure developments. KWF HK is a Registered Subcontractor in earthwork, road drainage and sewer and others (waterworks) under general civil works and a Registered Specialist Trade Contractor under structural steelworks of the Registered Specialist Trade Contractors Scheme of the Construction Industry Council of Hong Kong. We, through our Operating Subsidiary, have achieved tremendous growth in our business. For each of the fiscal year ended February 28, 2025 and February 29, 2024, our total revenue derived from civil engineering services was approximately US$12.5 million and US$3.1 million, respectively. The number of customers with revenue contribution to us increased from 3 for the fiscal year ended February 29, 2024 to 5 for the fiscal year ended February 28, 2025. According to GIH, as per the Census and Statistics Department of Hong Kong, the gross value of civil engineering works performed by main contractors in Hong Kong recorded an overall increase from approximately HK$42,023 million in 2019 to HK$62,698 million in 2024, representing a CAGR of approximately 8.3%. The rollout and commencement of projects such as Kwun Tung North and Fanling North of New Development Area, Kau Yi Chau Artificial Island under the Lantau Tomorrow Vision, Tung Chung New Town Extension in the coming years, shall sustain demand for civil engineering works. Driven by (i) the Hong Kong government’s commitment to infrastructure investment; (ii) the implementation of the Labor Importation Scheme for Construction Sector since 2023 by the Hong Kong government to fill in the temporary manpower gap, it is expected that the Hong Kong civil engineering industry will continue to sustain growth. --- Our principal office is located at Office D, 22/F, Tower A, Capital Tower, No. 38 Wai Yip Street, Kowloon, Hong Kong, and our telephone number is +852-2332-6168. Our registered office in the Cayman Islands is located at Osiris International Cayman Limited, Suite #4-210, Governors Square, 23 Lime Tree Bay Avenue, PO Box 32311, Grand Cayman KY1-1209, Cayman Islands. Our agent for service of process in the United States is Cogency Global Inc., located at 122 East 42nd Street, 18th Floor New York, NY 10168.