[SCHEDULE 13G] OFA Group SEC Filing
FNHK Inc. and Larry Wong together report beneficial ownership of 1,649,445 ordinary shares of OFA Group, equal to 11.85% of the outstanding ordinary shares as calculated from the issuer's Form 20-F. FNHK Inc., a California corporation, is the record holder of these ordinary shares (par value $0.001) and is reported to hold sole voting and sole dispositive power over the 1,649,445 shares.
Li Hsien "Larry" Wong, the issuer's Chief Executive Officer and a director, is President of FNHK Inc. and is reported to share voting and dispositive power with respect to those same shares. The filing states this disclosure should not be construed as an admission of beneficial ownership for Section 13(d) or 13(g) purposes.
- Material disclosure of 11.85% stake (1,649,445 shares) exceeding the 5% reporting threshold
- Clear allocation of voting and dispositive power showing FNHK Inc. as record holder with sole powers
- Identification of the reporting relationship (Larry Wong as President of FNHK Inc. and CEO/director of the issuer)
- Concentrated ownership — 11.85% held by a single reporting group may affect free float and voting dynamics
- Control routed through affiliated entity (FNHK Inc.), which can obscure direct individual ownership interests
Insights
TL;DR: Reporting persons disclose a material 11.85% stake; record ownership is held by an affiliated entity with voting/dispositive powers split as stated.
The Schedule 13G provides a clear, quantitative disclosure: 1,649,445 shares (11.85%) of OFA Group are held of record by FNHK Inc. and attributed in part to Larry Wong. For capital markets participants, the disclosure is material because it identifies a concentrated position above the 5% threshold and clarifies how voting and dispositive powers are allocated between the entity and the individual. The filing cites the issuer's Form 20-F as the basis for the percentage calculation, which supports verifiability of the ownership percentage.
TL;DR: Insider control is routed through a record holder entity, with the CEO identified as exercising shared authority—useful governance disclosure.
The filing documents that FNHK Inc. is the record holder with sole voting and dispositive power over the reported shares while Larry Wong is identified as exercising shared voting and dispositive power by virtue of his role with FNHK Inc. This delineation is important for assessing potential conflicts of interest and governance concentration because it shows how control is exercised through an affiliated corporate vehicle rather than direct individual ownership. The statement that it should not be construed as an admission of beneficial ownership is a standard legal qualifier included in the filing.