[SCHEDULE 13G] OFA Group SEC Filing
Schedule 13G disclosure: CP Cowork Limited and Keith Chong report beneficial ownership of 1,649,444 ordinary shares of OFA Group as of June 30, 2025. Those shares represent 11.85% of the company's outstanding ordinary shares based on shares outstanding as of July 31, 2025, per the issuer's Annual Report on Form 20-F. CP Cowork Limited is the record holder and is reported to have sole voting and dispositive power over the shares; Keith Chong, the issuer's Chief Technology Officer and a director, is reported to have shared voting and dispositive power over the same block. A Joint Filing Agreement is included as an exhibit, and CP Cowork is organized in Hong Kong.
- Material ownership disclosed: Reporting Persons beneficially own 1,649,444 shares, representing 11.85% of OFA Group's ordinary shares.
- Clear record-holder structure: CP Cowork Limited is the record holder and is identified with a Hong Kong address, providing transparency on ownership chain.
- Insider identification: The filing explicitly names Keith Chong as the issuer's Chief Technology Officer and director, and discloses his relationship to CP Cowork.
- Exhibit included: A Joint Filing Agreement is attached as an exhibit to the filing.
- Concentrated stake: The 11.85% position represents a substantial block that could materially influence shareholder votes.
- Voting/dispositive concentration: The record-holder/affiliate structure results in consolidated control over the block, with a single insider reported to exercise shared authority.
- Related-party considerations: Shares held by an affiliated entity tied to a director/CTO may raise governance or conflict-of-interest questions for some investors.
Insights
TL;DR: Reporting persons hold a material 11.85% stake via an affiliated record holder; disclosure is material but routine.
The filing shows a sizeable, clearly quantified position: 1,649,444 shares (11.85%). The record holder is CP Cowork Limited with sole voting and dispositive power, while Keith Chong (CTO and director) is reported with shared voting and dispositive power. For investors this is a material ownership disclosure that could affect voting outcomes and perceived insider alignment, but the filing contains no transaction terms, intent, or change in control proposal.
TL;DR: Insider-linked ownership concentrated in an affiliated entity raises governance and voting-concentration considerations.
CP Cowork Limited, a Hong Kong entity, holds the shares of record and the filing indicates a Joint Filing Agreement. Keith Chong is identified as exercising voting and dispositive power over the securities reported by CP Cowork, while CP Cowork retains sole record-holder powers. This structure warrants investor attention to potential concentrated influence and related-party dynamics, though the filing itself is a standard beneficial-ownership disclosure without stated governance actions.