Ming Shing’s Lead Benefit purchases 333 bitcoin

Ming Shing’s (MSW) Lead Benefit purchased 333 Bitcoins at an average price of $81,555 per Bitcoin on February 28, 2025, with a total investment of approximately $27M. Lead Benefit was incorporated on December 23, 2024, with Lead Benefit International Limited, as its sole shareholder. Lead Benefit International Limited, a BVI business company, was incorporated on December 9, 2024, with Ming Shing as its sole shareholder. Ming Shing intends to use its idle funds to purchase Bitcoins as short-term investment to capture the potential appreciation of Bitcoin and increase its assets. The Company considers that Bitcoin market is highly liquid and the Bitcoins can be easily disposed to fund the Company’s wet trade works business, if required.