Millennium Group International Holdings Ltd. (MGIH) reported revenue of $20.3 million for the year ended June 30, 2026, down from $25.3 million a year earlier. Gross profit was $1.6 million, compared with $4.7 million, while net loss widened to $7.1 million from $6.3 million and operating loss widened to $7.4 million from $6.0 million.
Net cash used in operating activities was $4.5 million, versus $1.7 million in FY2025. Cash and cash equivalents were $5.6 million as of June 30, 2026, compared with $10.7 million at June 30, 2025. One significant customer generated 18.6% of FY2026 revenue; the company says customer supply is based on purchase orders rather than long-term agreements.
On August 27, 2026, Millennium Strategic sold all its issued shares of Millennium Printing International to Yee Cheong. MGIH also said it had not adequately paid employee social-insurance and housing provident-fund contributions, while stating that it made no provision for a contribution shortfall for FY2026 and had received no relevant government notice or order as of the report date.
Millennium Group International Holdings Ltd (MGIH) disclosed that its indirect Hong Kong subsidiary, Millennium Strategic International Limited, agreed on August 27, 2026 to sell all shares of Millennium Printing International Limited, a paper-based packaging trading business, to Yee Cheong (1926) Enterprise Company Limited for HKD 14,800,000 in cash. At completion, Millennium Strategic will release Millennium Printing from HKD 35,429,804 of intercompany liabilities, with Yee Cheong agreeing to pay the same amount, partly via set-off of shareholder loans to Millennium Holdings and partly in deferred cash installments. Yee Cheong is a related party whose ultimate beneficial shareholders also control YC 1926 (BVI) Limited, which holds 10,000,000 ordinary shares, or about 88.89% of MGIH’s outstanding ordinary shares. The audit committee of independent directors reviewed the transaction and it was approved by disinterested directors. Completion remains subject to customary corporate and regulatory approvals.
Millennium Group International Holdings reported unaudited fiscal 2025 first-half results showing weaker activity. Revenue fell to $10.9 million from $14.1 million, as sales volume dropped from 6,701 to 4,548 tons despite a higher average selling price of $2,387 per ton.
Gross profit declined to $1.2 million, and gross margin narrowed to 10.7% from 20.2%, reflecting lower volumes and margin pressure in packaging and corrugated products. Net loss widened to $3.3 million, or $0.30 per share, compared with a $3.1 million loss, or $0.27 per share, a year earlier.
Cash and cash equivalents decreased to $6.9 million as of December 31, 2025 from $10.8 million at June 30, 2025, mainly due to operating cash outflows and capital expenditures. The company still reported positive working capital of $6.4 million and a current ratio of 1.6, while continuing to invest in its Vietnam expansion and overseas sales capabilities.
Millennium Group International Holdings Limited reported that its Hong Kong subsidiary, Millennium Holdings International Limited, entered into a related party Loan Agreement with Yee Cheong (1926) Enterprise Company Limited. Yee Cheong agreed to lend HKD 11,700,000 (approximately USD 1,493,300) to the subsidiary.
The loan runs for eight years from April 9, 2026 to April 8, 2034 and carries a fixed annual interest rate of 2.83%, payable monthly in arrears. Yee Cheong’s ultimate beneficial shareholders are the same six shareholders who own YC 1926 (BVI) Limited, which holds 10,000,000 ordinary shares of Millennium Group, representing about 88.89% of the company’s outstanding shares, highlighting that this is a financing arrangement with the controlling shareholder group.
Millennium Group International Holdings Ltd director and chairman Lai Ming Hung Matthew filed an initial ownership report showing indirect beneficial ownership of 10,000,000 Ordinary Shares. These shares are held through YC 1926 (BVI) Limited, whose six shareholders have agreed to vote in concert with Lai serving as chairman and proxy in tie-break situations.
Millennium Group International Holdings Ltd director KU HON WAI has filed a Form 3 as a reporting person for the company’s ordinary shares. The filing lists this individual as a director and shows no reported buy, sell, or other share transactions in this submission.
Millennium Group International Holdings Ltd director Tsang Hung Leung Alan has filed a Form 3, which is an initial insider ownership report. This filing does not report any stock purchase, sale, or other insider transaction.
Millennium Group International Holdings Ltd executive Au Wing Wai, the Chief Financial Officer of the company, filed an initial insider ownership report on Form 3. This filing lists him as an officer but does not report any share purchases, sales, or other equity transactions at this time.
Millennium Group International Holdings Ltd director and Chief Executive Officer Lai Ming Yan filed an initial insider ownership report on Form 3 for MGIH. This filing establishes Lai’s status as a reporting insider but does not list any buy, sell, or other share transactions.
Millennium Group International Holdings Limited reported a change in its independent auditor. Effective February 13, 2026, the company dismissed Wei, Wei & Co., LLP as its independent registered public accounting firm, following approval by its Board of Directors and Audit Committee.
The audit reports from Wei, Wei & Co. on the company’s consolidated financial statements for the fiscal years ended June 30, 2025 and June 30, 2024 did not contain adverse opinions, disclaimers, or qualifications. On the same date, the Audit Committee and Board approved the engagement of Edward Associate CPA PLLC as the new independent auditor.
The company provided Wei, Wei & Co. with a copy of this report and requested a response letter to the SEC regarding these disclosures, which is attached as Exhibit 16.1.