Hong qi bang bang kai man science & technology development Co., Ltd Filed Primary

What the company does

Hong qi bang bang kai man science and technology development Co., Ltd. is a holding company incorporated in the Cayman Islands. The company is described as being in the SERVICES-MISCELLANEOUS BUSINESS SERVICES industry, which it states is evolving rapidly. The company has experienced rapid growth in recent years and focuses on expanding its sales and marketing, product development, and management information systems. The Ordinary Shares offered in this prospectus are shares of the Cayman Islands holding company, not of its operating subsidiaries (see "Corporate History and Structure").

Use of proceeds

The company intends to use the net proceeds from the offering for technical research and development investment, market promotion and brand building, business expansion and strategic layout, and team building and talent recruitment. Management will have broad discretion in the application of the net proceeds, including for working capital, possible acquisitions, and other general corporate purposes; as of the date of the prospectus, management has not determined the types of businesses that the Company will target or the terms of any potential acquisition.

Underwriters

The completed effective-prospectus read stated no underwriters.

Extracted from F-1 0002099824-26-000001, filed Feb 11, 2026 and verified against that filing text.

Key risk factors

• Management of rapid growth

  “We have grown rapidly in recent years and have limited experience operating at our current scale of operations. If we are unable to manage our growth effectively, our brand, company culture and financial results may suffer.”

• IPO price may not reflect market price

  “The initial public offering price of our Ordinary Shares may not be indicative of the market price of our Ordinary Shares after this offering.”

• No active liquid trading market

  “There may not be an active, liquid trading market for our Ordinary Shares.”

• No dividends expected

  “Because we do not expect to pay dividends in the foreseeable future after this offering, you must rely on a price appreciation of the Ordinary Shares for a return on your investment.”

• Substantial sales may depress share price

  “A sale or perceived sale of a substantial number of our Ordinary Shares may cause the price of our Ordinary Shares to decline.”

• Broad discretion in use of proceeds

  “Our management will have broad discretion in the application of such net proceeds, including working capital, possible acquisitions, and other general corporate purposes, and we may spend or invest these proceeds in a way with which our stockholders disagree.”

• Increased public company costs

  “We will incur additional costs as a result of becoming a public company, which could negatively impact our net income and liquidity.”

• International operations risks

  “Our international operations are subject to a variety of legal, regulatory, political and economic risks.”