Ming Shing Group Holdings Inks Stock Purchase Agreement With PMA Technology Legend Master Development, F.F.Formation To Acquire Entire Issued Shares Capital Of PMA Nano Carbon Tech For $110M

Ming Shing Group Holdings Limited (the "Company" or "Ming Shing") (NASDAQ:MSW), a Hong Kong-based company mainly engaged in wet trades works whose mission it is to become the leading wet trades works service provider in Hong Kong, announces a significant update in its business development.

Ming Shing is pleased to announce that it has entered into a stock purchase agreement (the "SPA") with PMA Technology Holdings Limited, Legend Master Development Limited and F.F.Formation Holding Co. Ltd (each, a "Seller", and collectively, the "Sellers") for the acquisition of the entire issued share capital of PMA Nano Carbon Tech Limited, an exempted limited company incorporated under the laws of the British Virgin Islands (the "Target Company"), for an aggregate consideration of US$110,000,000, which shall be settled by the Company through the issuance of unsecured convertible promissory notes to the Sellers in the same aggregate principal amount.