Ming Shing Group Holdings Limited Announces Entering into Strategic Cooperation Framework Agreement with Meal Though Seasons HK Limited

Rhea-AI Summary

Ming Shing Group Holdings (NASDAQ: PMA) announced that its subsidiary PMA Nano Carbon Technology Pte. Ltd has entered into a non-binding strategic cooperation framework agreement (MOU) with Meal Though Seasons HK Limited, a Hong Kong company focused on organic agricultural product supply chains and related logistics.

The Parties plan to explore applying PMA’s graphene thermal management technology across agricultural scenarios, including facility agriculture temperature control, anti-freezing/insulation, low-temperature drying and deep processing, and cold-chain preservation. PMA will provide technology products, solutions and design guidance, while Meal Though will contribute agricultural bases, greenhouses, processing centers and logistics environments for pilot projects and joint product development. The MOU creates no binding revenue obligations and any specific commercial terms would require future definitive agreements.

News Explained

The MOU also permits the parties to explore equity investment, joint ventures, and mergers or acquisitions, but these are uncommitted possibilities: the non-binding agreement creates no financial obligations without separately executed definitive agreements.

Market Context

Low short positioning adds limited short-squeeze exposure to the assessment of PMA's strategic coope...

Analysis

Low short positioning adds limited short-squeeze exposure to the assessment of PMA's strategic cooperation MOU. The agreement supplied no binding revenue commitments; definitive agreements, commercial obligations, and execution outcomes remained the principal items to watch.

Key Figures

Announcement Date: July 30, 2026 Operating Subsidiaries: 2 subsidiaries

2 metrics

Announcement Date July 30, 2026 MOU announcement

Operating Subsidiaries 2 subsidiaries wholly-owned Hong Kong operating subsidiaries

Key Terms

mou, graphene thermal management technology, cold chain logistics

3 terms

mou regulatory

"strategic cooperation framework agreement (the “MOU”)"

A memorandum of understanding (MOU) is a written agreement that outlines the basic terms and shared intentions between parties before a formal contract is drawn up. Think of it as a detailed handshake that signals commitment to work together; for investors it matters because an MOU can indicate a likely future deal, partnership or transaction that could affect a company’s strategy, revenues or risks, even though it often lacks full legal force.

graphene thermal management technology technical

"PMA’s graphene thermal management technology can be applied"

Graphene thermal management technology uses graphene — a one-atom-thick layer of carbon — or graphene-based materials to move heat away from electronic components, batteries, or other heat-generating parts more quickly and efficiently than conventional materials. For investors, it matters because better heat control can improve device performance, extend lifespan, shrink cooling needs, and enable new designs, which can affect manufacturing costs, product competitiveness, and market adoption.

cold chain logistics technical

"agricultural product sorting and processing, cold chain logistics"

Cold chain logistics is the system of transporting, storing and handling temperature-sensitive goods—like vaccines, biologics, perishable foods—while keeping them within tightly controlled cold temperatures from origin to destination. Investors care because failures can ruin product value, trigger recalls or regulatory action, and create recurring revenue opportunities for providers of specialized storage, transport equipment and monitoring services; think of it as a refrigerated pipeline that protects product quality and revenue.

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Hong Kong, July 30, 2026 (GLOBE NEWSWIRE) -- Ming Shing Group Holdings Limited (the “Company” or “Ming Shing”) (NASDAQ: PMA), a Hong Kong-based company mainly engaged in wet trades works whose mission it is to become the leading wet trades works service provider in Hong Kong, announces a significant update in its business development.

Ming Shing is pleased to announce that it has entered into a strategic cooperation framework agreement (the “MOU”) through PMA Nano Carbon Technology Pte. Ltd (“PMA”), a subsidiary of the Company, with Meal Though Seasons HK Limited (“Meal Though”, together with PMA, the “Parties”), a company incorporated in Hong Kong. Meal Though is mainly engaged in organic agricultural product supply chains, agricultural base operations, agricultural product sorting and processing, cold chain logistics, channel sales, and related businesses.

The Parties believe that PMA’s graphene thermal management technology can be applied to Meal Though’s business and Meal Though’s capabilities can provide an application foundation for testing, verification, product development, and commercial promotion of the relevant technologies. The Parties intend to establish a strategic cooperative relation. The Parties may opt to further explore cooperation plans including equity investment, joint ventures and mergers and acquisitions.

According to the MOU, the main areas of cooperation include facility agriculture temperature control and anti-freezing or thermal insulation, low-temperature drying and deep processing of agricultural products, cold-chain anti-freezing constant temperature and preservation auxiliary applications, joint product research and development and other market and channel cooperation.

According to the MOU, PMA shall be responsible for, among others, providing grapheme thermal management technology products and technical solutions, conduct product design and provide necessary guidance, while Meal Though shall be responsible for, among others, providing agricultural bases, greenhouses, process centers, logistics or supply chain scenarios suitable for pilot projects, providing necessary technology and coordinating resources.

The MOU is non-binding and sets forth only the general framework of preliminary intent and strategic cooperation between the Parties. The MOU does not constitute a revenue-generating contract, creates no binding revenue commitments or financial obligations, and does not guarantee or assure any future commercial results, operational outcomes, or financial performance. Specific arrangements, commercial obligations, and definitive rights shall be governed solely by legally binding definitive agreements to be separately negotiated and executed by the Parties, if at all.

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. MS (HK) Engineering Limited is a registered subcontractor and a registered specialist trade contractor under the Registered Specialist Trade Contractors Scheme of the Construction Industry Council and undertakes both private and public sector projects, while MS Engineering Co., Limited mainly focuses on private sector projects. For more information, please visit the Company’s website: https://ir.ms100.com.hk.

Forward-Looking Statements

Certain statements in this announcement 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 find many (but not all) of these statements by the use of words such as “aim”, “anticipate”, “believe”, “estimate”, “expect”, “going forward”, “intend”, “may”, “plan”, “potential”, “predict”, “propose”, “seek”, “should”, “will”, “would” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring 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 you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

For more information, please contact:

Ming Shing Group Holdings Limited

Investor Relations Department

Email: ir@ms100.com.hk

FAQ

What did Ming Shing Group Holdings (NASDAQ: PMA) announce on July 30, 2026 about Meal Though Seasons HK Limited?

Ming Shing announced a non-binding strategic cooperation framework agreement with Meal Though Seasons HK Limited. According to Ming Shing, the parties plan to explore applying PMA’s graphene thermal management technology in agricultural supply chains, subject to future definitive agreements for any specific commercial terms or obligations.

Is the Ming Shing (PMA) and Meal Though Seasons HK Limited MOU legally binding or revenue generating?

The MOU between Ming Shing’s subsidiary PMA and Meal Though is non-binding and not revenue generating. According to Ming Shing, it creates no binding revenue commitments or financial obligations and does not guarantee future commercial, operational, or financial outcomes without separately negotiated definitive agreements.

What are the main cooperation areas in Ming Shing (PMA) strategic framework with Meal Though Seasons HK Limited?

The cooperation focuses on graphene-based thermal applications in agriculture and cold-chain logistics. According to Ming Shing, areas include facility agriculture temperature control, anti-freezing or insulation, low-temperature drying, deep processing of agricultural products, cold-chain preservation, joint product R&D, and related market and channel cooperation.

What role will PMA Nano Carbon Technology play in Ming Shing (PMA) collaboration with Meal Though?

PMA will provide graphene thermal management technology products and technical solutions. According to Ming Shing, PMA is responsible for product design, technical guidance, and supplying relevant thermal management technologies that may be tested and verified within Meal Though’s agricultural, processing, and logistics environments under the strategic framework.

What will Meal Though Seasons HK Limited contribute in its cooperation with Ming Shing (PMA)?

Meal Though will provide application scenarios and operational platforms for pilot projects. According to Ming Shing, Meal Though will offer agricultural bases, greenhouses, processing centers, and logistics or supply chain settings, as well as necessary technology and coordination of resources for testing and potential product development.

Could the Ming Shing (NASDAQ: PMA) MOU with Meal Though lead to equity investment or M&A?

The parties may explore equity investment, joint ventures, or mergers and acquisitions in the future. According to Ming Shing, these possibilities are only preliminary intentions within the MOU and would require separately negotiated, legally binding definitive agreements before any such transactions occur.