Lam Chi Ming details 8.4M MSW shares and major pledge in Form 3

Rhea-AI Filing Summary

Ming Shing Group Holdings Ltd director Lam Chi Ming has filed an initial ownership report on Form 3. The filing shows he directly holds 8,414,865 Ordinary Shares. A footnote explains that 5,400,000 of these shares are pledged as collateral for a $1.6 million loan under a Secured Promissory Note and Stock Pledge Agreement dated October 30, 2025. The pledge could lead to a change of control if the lender enforces rights over the pledged shares following a default. Lam Chi Ming retains voting and dividend rights on the pledged shares as long as no enforcement event occurs and his actions do not reduce the collateral’s value.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lam Chi Ming

Role Director

Type	Security	Shares	Price	Value
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Ordinary Shares — 8,414,865 shares (Direct)

Footnotes (1)

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Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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1. Name and Address of Reporting Person^*

Lam Chi Ming

(Last) (First) (Middle)

OFFICE UNIT B8, 27/F NCB INNOVATION

CENTRE NO. 888 LAI CHI KOK ROAD

(Street)

KOWLOON 00000

(City) (State) (Zip)

HONG KONG

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Ming Shing Group Holdings Ltd [ MSW ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares	8,414,865(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Reporting Person pledged a total of 5,400,000 Ordinary Shares as collateral for a US$1.6 million loan pursuant to a Secured Promissory Note and Stock Pledge Agreement executed on October 30, 2025, which matures on the earlier of six months from the note date or upon specified acceleration events, and may result in a change of control of the Issuer if the noteholder exercises enforcement rights over the pledged shares upon default or through special enforcement rights. The Reporting Person retains voting and dividend rights in respect of the pledged shares provided no event of enforcement has occurred and such actions do not diminish the collaterals value.

	Lam Chi Ming	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Lam Chi Ming’s Form 3 filing show for Ming Shing Group (MSW)?

The Form 3 filing shows director Lam Chi Ming directly holds 8,414,865 Ordinary Shares of Ming Shing Group Holdings Ltd. This is an initial statement of beneficial ownership and does not report a new purchase or sale transaction in the company’s stock.

How many Ming Shing Group (MSW) shares has Lam Chi Ming pledged as collateral?

Lam Chi Ming has pledged 5,400,000 Ordinary Shares as collateral for a loan. These pledged shares secure a $1.6 million Secured Promissory Note and Stock Pledge Agreement, creating potential consequences if the loan goes into default and the lender enforces its rights.

What are the key terms of the loan tied to Ming Shing Group (MSW) pledged shares?

The pledged 5,400,000 Ordinary Shares back a $1.6 million Secured Promissory Note executed on October 30, 2025. The note matures on the earlier of six months from that date or specified acceleration events, after which enforcement rights over the pledged shares may be exercised.

Could the pledged Ming Shing Group (MSW) shares affect control of the company?

The filing states the loan arrangement may result in a change of control if the noteholder exercises enforcement rights over the 5,400,000 pledged shares after a default. Any such enforcement could shift voting power depending on how the pledged shares are ultimately disposed of.

Does Lam Chi Ming keep voting and dividend rights on pledged Ming Shing Group (MSW) shares?

Yes. The filing notes Lam Chi Ming retains voting and dividend rights on the 5,400,000 pledged shares, provided no enforcement event has occurred and his actions do not diminish the collateral’s value. These rights could change if the lender enforces its security interest.