Ming Shing Group Holdings Limited Acquires PMA Nano Carbon Tech Limited

Ming Shing Group Holdings Limited entered into a stock purchase agreement to acquire 100% of the issued share capital of PMA Nano Carbon Tech Limited for US$110,000,000. The consideration will be settled through the issuance of unsecured convertible promissory notes. PMA Nano Carbon Tech Limited holds the entire issued share capital of PMA Nano Carbon Technology Pte. Ltd., which focuses on graphene-based thermal management technologies for various applications. The acquisition is subject to conditions, including Nasdaq approval, with an expected closing within a month. The company also announced this transaction via a press release on May 26, 2026. Forward-looking statements included in the report are subject to risks and uncertainties.