Hao Feng Group Ltd. Filed Primary

What the company does

Hao Feng Group Ltd. is an exempted company with limited liability incorporated under the laws of the Cayman Islands. We are a holding company with no material operations of our own, and we conduct our operations primarily in Hong Kong through our Operating Subsidiary, Hao Feng International Limited. We do not have any operations in mainland China.

Use of proceeds

We plan to use the net proceeds of this offering to explore opportunities for global expansion and enhance our international presence, upgrade our IT infrastructure by implementing customer relationship management modules to allow for broader reach and increase cost efficiency, expand our course variety to capture broader market share, continue to optimize our reputation as licensed asset management professionals, enhance our tuition and management capabilities by implementing self-developed algorithms and financial models and, fund our working capital and for other general corporate purposes.

Underwriters

The completed effective-prospectus read stated no underwriters.

Extracted from F-1 0001185185-26-003939, filed Sep 11, 2026 and verified against that filing text.

Key risk factors

• Controlled company / controlling shareholder concentration

  “Upon the completion of this offering, Mr. Chu Chun Man (the “Controlling Shareholder”), will beneficially own approximately 80.4% of our then-issued and outstanding shares, including 18,664,000 Ordinary Shares each with 1 vote, and will be able to exercise approximately 80.4% of the total voting power of our issued and outstanding Shares immediately after the consummation of this offering, assuming the underwriters do not exercise their over-allotment option to purchase additional Shares.”

• PRC government oversight and intervention risk

  “Our key operations are in Hong Kong, a Special Administrative Region of the PRC. According to the long-arm provisions under the current PRC laws and regulations, the PRC government may exercise significant oversight and discretion over the conduct of our business and may intervene or impose restrictions on our ability to move money out of Hong Kong to distribute earnings and pay dividends or to reinvest in our business outside of Hong Kong.”

• Holding company structure / reliance on Operating Subsidiary dividends

  “We rely on dividends and other distributions on equity paid by the Operating Subsidiary to fund our cash and financing requirements, and any limitation on the ability of our subsidiaries to make payments to us could have a material adverse effect on our ability to conduct our business.”

• HFCAA / PCAOB inspection and potential delisting risk

  “Although the audit report included in this prospectus is prepared by U.S. auditors who are currently inspectable by the PCAOB, there is no guarantee that future audit reports will be prepared by auditors inspectable by the PCAOB and, as such, in the future investors may be deprived of the benefits of the PCAOB inspection program.”

• Investors are buying shares of a Cayman Islands holding company

  “Investors are cautioned that you are buying shares of a Cayman Islands holding company with operations in Hong Kong by its operating subsidiary, Hao Feng International Limited (the “Operating Subsidiary”). We are not the Hong Kong Operating Subsidiary, but an offshore holding company incorporated in the Cayman Islands.”

• New and uncertain PRC laws and regulations

  “PRC laws and regulations governing our current business operations are sometimes vague and uncertain.”

• Speculative investment / high degree of risk

  “Investing in the Shares is highly speculative and involves a high degree of risk.”