We are a holding company. (Incorporated in the Cayman Islands)

From the prospectus: Investors are cautioned that you are buying shares of a Cayman Islands holding company with operations in Hong Kong by its operating subsidiary.

Note: We are a holding company incorporated in the Cayman Islands with operations conducted by our Hong Kong subsidiary, Primega Construction.

Primega Construction is a provider of transportation services that employs environmentally friendly practices with the aim of facilitating reuse of C&D (construction and demolition) materials and reduction of construction waste. Through Primega Construction, we operate in the Hong Kong construction industry, mainly handling transportation of materials excavated from construction sites. Primega Construction principally provides the following services in Hong Kong (i) soil and rock transportation services; (ii) diesel oil trading; and (iii) construction works, which mainly includes ELS works and bored piling. (Note: ELS stands for excavation and lateral support.)

We generally provide our services as a subcontractor to other construction contractors in Hong Kong.

In the prospectus, the company describes the source of its income: “We generate the majority of our income from soil and rock transportation services provided by Primega Construction, which contributed 73.82%, 88.47% and 66.48% of our total revenue during the years ended March 31, 2022, and March 31, 2023, and the six months ended Sept. 30, 2023, respectively. Primega Construction works with recyclers and other private contractors to repurpose and recycle excavated materials, reducing the volume of construction waste ending up in landfills, while lowering waste disposal fees incurred by its customers.

“We believe the following competitive strengths differentiate us from our competitors:

*”We have a fleet of 43 tipper trucks and machinery and a strong network of subcontractors;

*”Stable relationships with customers, 

*”Experienced and professional management team.”

Note: Net income and revenue are in U.S. dollars for the 12 months that ended Sept. 30, 2023.

(Note: Primega Group Holdings Limited priced its IPO of 1.5 million shares at $4.00 – the low end of the $4.00-to-$5.00 price range – to raise $6.0 million, the company Primega Group Holdings Limited changed the sole book-runner of its small-cap IPO to Bancroft Capital LLC, a veteran-owned firm – replacing the original sole book-runner, Eddid Securities USA – according to an F-1/A filing dated June 21, 2024. Please note: A selling shareholder also registered to sell 250,000 shares – and those shares – priced at $4.00 – added $1.0 million to Primega Group Holdings’ IPO proceeds, bringing the total to $7.0 million. The company did not receive any proceeds from the sale of the selling shareholder’s stock. Background: Primega Group Holdings Limited is offering 1.75 million shares – with 1.5 million shares offered by the company and 250,000 shares offered by Mr. Man Siu Ming, the selling shareholder – at a price range of $4.00 to $6.00 – to raise $8.75 million, according to the F-1/A filing dated June 21, 2024.)