Ming Shing Group Holdings Limited Announces Board Leadership Changes and Appointment of Mr. Zhijun Pan as Chairman of the Board
Rhea-AI Summary
Ming Shing Group (NASDAQ: MSW) announced major board and management changes effective May 27, 2026. Weijin Li resigned as Chairman, CEO and Director for personal reasons. Han Yan was re-designated as CEO.
Zhijun Pan, a veteran manager linked to the proposed PMA Nano Carbon Tech acquisition, was appointed Chairman and Director, expected to support strategic development and long-term growth objectives.
AI-generated analysis. Not financial advice.
Positive
- Orderly leadership transition with CEO role re-designated to Han Yan effective May 27, 2026
- Appointment of Zhijun Pan as Chairman brings over 17 years of business management experience
- Chairman’s directorship in PMA Nano Carbon Technology Pte. Ltd. aligns with proposed acquisition strategy
Negative
- Resignation of Chairman, CEO and Director Weijin Li on May 27, 2026
- Proposed acquisition of PMA Nano Carbon Tech Limited remains subject to conditions and may not close on schedule
- Uncertainty around completion of acquisition introduces execution risk to strategic plans
News Market Reaction – MSW
On the day this news was published, MSW gained 10.85%, reflecting a significant positive market reaction. Argus tracked a trough of -21.9% from its starting point during tracking. Our momentum scanner triggered 22 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $2M to the company's valuation, bringing the market cap to $22.06M at that time.
Data tracked by StockTitan Argus on the day of publication.
Hong Kong, May 27, 2026 (GLOBE NEWSWIRE) -- Ming Shing Group Holdings Limited (the “Company” or “Ming Shing”) (NASDAQ: MSW), a Hong Kong-based company mainly engaged in wet trades works, today announced certain changes to its board of directors and senior management.
The Company announced that Mr. Weijin Li has resigned from his positions as Chairman of the Board, Chief Executive Officer and Director of the Company, effective May 27, 2026. Mr. Li indicated that his resignation was for personal reasons and was not due to any disagreement with the Company. The Board expresses its sincere appreciation to Mr. Li for his leadership, service and contribution to the Company during his tenure.
Following Mr. Li’s resignation, the Board has approved the re-designation of Mr. Han Yan as Chief Executive Officer of the Company, effective May 27, 2026.
The Board has also approved the appointment of Mr. Zhijun Pan as Chairman of the Board and Director of the Company, effective May 27, 2026. Mr. Pan has over 17 years of experience in business management. Since 2008, Mr. Pan has served as the chairman and president of Anhui Yuhang Paimeng Health Technology Co., Ltd. Since May 2026, Mr. Pan has also served as a director of PMA Nano Carbon Technology Pte. Ltd., a company within the PMA group referred to in the Company’s recently announced proposed acquisition transaction. Mr. Pan obtained an executive master of business administration from Nanjing University and an executive master of business administration from Cheung Kong Graduate School of Business.
As previously announced, Ming Shing has entered into a stock purchase agreement for the proposed acquisition of the entire issued share capital of PMA Nano Carbon Tech Limited, an exempted limited company incorporated under the laws of the British Virgin Islands. PMA Nano Carbon Tech Limited holds the entire issued share capital of PMA Nano Carbon Technology Pte. Ltd., a private company limited by shares incorporated under the laws of Singapore. The proposed acquisition remains subject to certain conditions, and there can be no assurance that the transaction will be completed or completed within the expected timeframe.
The Company believes that Mr. Pan’s business management experience and familiarity with PMA Nano Carbon Technology Pte. Ltd. will support the Company’s strategic development following the proposed acquisition. The Company expects that Mr. Pan, as Chairman of the Board, will provide leadership and strategic guidance as the Company continues to pursue its business development initiatives and long-term growth objectives.
About Ming Shing Group Holdings Limited
Ming Shing Group Holdings Limited is a Hong Kong-based company mainly engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. With a mission to become the leading wet trades works services provider in Hong Kong, the Company strives to provide quality services that comply with its customers’ quality standards, requirements and specifications. The Company conducts its business through its two wholly-owned Hong Kong operating subsidiaries, MS (HK) Engineering Limited and MS Engineering Co., Limited. For more information, please visit the Company’s website: https://ir.ms100.com.hk.
Forward-Looking Statements
Certain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify many, but not all, of these statements by the use of words such as “believe,” “expect,” “intend,” “plan,” “may,” “will,” “would,” “should,” “potential,” “continue,” “seek,” “anticipate,” “estimate” or similar expressions.
Forward-looking statements in this press release include, without limitation, statements regarding the proposed acquisition of PMA Nano Carbon Tech Limited, the expected benefits of the appointment of Mr. Pan as Chairman of the Board and Director, the Company’s strategic development, and the Company’s long-term growth objectives. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure investors that such expectations will prove to be correct. Actual results may differ materially from those anticipated in such forward-looking statements as a result of various factors, including those described in the Company’s registration statements, annual reports and other filings with the U.S. Securities and Exchange Commission.
For more information, please contact:
Ming Shing Group Holdings Limited
Investor Relations Department
Email: ir@ms100.com.hk
