Hao Feng Group Ltd.

F-1/A amended

Range $5.00 to $8.00 · 3,200,000 shares · Gross proceeds $22,006,000

F-1 filed

Range $5.00 to $8.00 · 3,200,000 shares · Gross proceeds $20,800,000

Hao Feng Group Ltd. filed an F-1 registration statement for its IPO, detailing financial education services including on-site and online courses. The company reported significant revenue growth, driven by expansion of on-site services and new advertising partnerships. Subscription-based digital content revenue also increased, though it remains a minor portion. The filing highlights operational challenges including rising labor costs, competition, and economic sensitivity. The company operates through a Hong Kong subsidiary with tax advantages in the Cayman Islands.

DRS/A amended

DRS/A amended

Hao Feng Group Ltd., incorporated in the Cayman Islands, operates in educational services with a focus on Hong Kong. The company's financials highlight accounts receivable from YouTube, bank borrowings under the SME scheme, and recent share capital adjustments. Key disclosures include accounting policies, segment reporting, and related party transactions. The company's structure involves a single operating segment and a Chief Operating Decision Maker (CODM) based in Hong Kong.

DRS filed

Hao Feng Group Ltd. filed a DRS on 2026-04-10, disclosing financial statements as of September 30, 2025. The company, incorporated in the Cayman Islands, operates as a single segment in Hong Kong, with revenue from educational services and digital content. Financial highlights include accounts receivable of $4.2M, prepayments of $173.4K, and bank borrowings of $371.2K under the SME Financing Guarantee Scheme. The company is an emerging growth company under the JOBS Act, delaying adoption of new accounting standards. Tax expenses in Hong Kong totaled $140.6K for 2025, with an effective tax rate of 14.32%.