Core Viewpoint - Phoenix Asia Holdings Limited reported a significant decline in financial performance for the six months ended September 30, 2025, primarily due to project completions and increased costs associated with variation orders in ongoing projects [3][4][5][6]. Financial Results - Total revenue decreased by 7.3% from US$3,789,610 for the six months ended September 30, 2024, to US$3,511,591 for the same period in 2025 [3][8]. - Cost of revenue increased by 2.2% from US$2,709,378 for the six months ended September 30, 2024, to US$2,770,148 for the same period in 2025 [4][8]. - Gross profit decreased by 31.4% from US$1,080,232 for the six months ended September 30, 2024, to US$741,443 for the same period in 2025 [5][8]. - Net income and total comprehensive income decreased by 68.6% from US$631,441 for the six months ended September 30, 2024, to US$198,336 for the same period in 2025 [6][8]. Company Overview - Phoenix Asia Holdings Limited is engaged in substructure works, including site formation, ground investigation, and foundation works in Hong Kong, with a mission to become a premier substructure contractor [7]. - The company has a 35-year operating history and aims to leverage its expertise and established track record to capture growth in the substructure works market in Hong Kong [2].

Core Viewpoint - Phoenix Asia Holdings Limited has successfully closed its initial public offering, raising a total of $6.4 million by offering 1,600,000 ordinary shares at a price of $4.00 per share, with trading commencing on Nasdaq Capital Market under the ticker symbol "PHOE" [1] Group 1: Offering Details - The offering closed on April 28, 2025, and shares began trading on April 25, 2025 [1] - The underwriters have an option to purchase an additional 240,000 ordinary shares within 45 days from the closing date to cover over-allotments [2] - The offering was conducted on a firm commitment basis, with D. Boral Capital LLC serving as the sole book-running manager [3] Group 2: Use of Proceeds - The company plans to allocate 35% of the proceeds for hiring additional staff, 15% for acquiring innovative machinery, 10% for enhancing its brand "Winfield," and 40% for working capital and other general corporate purposes [4] Group 3: Company Background - Phoenix Asia Holdings Limited is a substructure contractor in Hong Kong, recognized for its craftsmanship and high standards in safety and customer satisfaction [7] - The company operates primarily through its wholly-owned subsidiary, Winfield Engineering (Hong Kong) Limited, which specializes in substructure works including site formation and foundation works [8]

(Exact Name of Registrant as Specified in its Charter) Not Applicable As filed with the U.S. Securities and Exchange Commission on April 8, 2025 Registration No. 333-284260 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No.1 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Phoenix Asia Holdings Limited (Translation of Registrant's Name into English) Cayman Islands 1700 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary ...