Yi Feng Holdings Ltd.

F-1/A amended

Price $2.00 · 1,000,000 shares · Gross proceeds $2,000,000

Yi Feng Holdings Ltd. filed an amended F-1/A registration statement, disclosing unaudited interim condensed consolidated financial statements as of December 31, 2025, and updated accounting policies. The filing highlights deferred IPO costs of $1.1 million as of December 2025, compared to $207,661 in the prior filing. It includes detailed disclosures on leasehold improvements, right-of-use assets, and new accounting standards like ASU 2024-03. The company emphasizes estimates in financial reporting and potential risks related to credit losses and contract performance.

F-1 filed

Range $4.00 to $6.00 · 3,750,000 shares

Yi Feng Holdings Ltd. filed an F-1 registration statement, detailing its reorganization as a common control transaction under ASC 805-50, with consolidated financial statements prepared on a historical cost basis. The company executed equity transactions, including acquiring and disposing of subsidiaries (Yi Cheng Engineering Limited and Hoi Shing Limited), recognizing a significant gain on disposal. The filing also outlines adoption of new accounting standards (ASU 2023-07, ASU 2023-09, ASU 2024-03) and disclosures related to foreign currency translation, lease obligations, and deferred IPO costs of $207,661. Revenue recognition follows ASC 606, with operations in civil engineering, steel cutting, and recyclable steel sales.

DRS/A amended

DRS/A amended

DRS/A amended

DRS filed

Yi Feng Holdings Ltd. reported significant increases in accounts receivable and contract assets, driven by expanded project work. The company faces credit risk concentrated among four major customers, with 100% of receivables tied to these clients. A substantial $1.9 million due to a related party (Zefeng Zeng) remains unpaid, categorized as non-trade, unsecured, and non-interest-bearing. Revenue recognition follows ASC 606, with civil engineering and steel cutting services accounting for primary income streams. Foreign currency risk is minimal due to HKD's peg to USD, while interest rate risk is managed without derivatives.