Primega Group Holdings Limited's Business Segments

The registrant is a holding company incorporated in the Cayman Islands, operating primarily through its wholly owned Hong Kong subsidiary, Primega Construction, established in 2018. Primega Construction is owned by Celestial Power, a British Virgin Islands holding company. The company provides soil and rock transportation services and construction works, including ELS works and bored piling, mainly as a subcontractor to other construction contractors in Hong Kong. It focuses on environmentally friendly practices to facilitate the reuse of construction and demolition materials and reduce construction waste. Primega Construction operates a fleet of 45 tipper trucks and machinery, supported by subcontractors and an in-house servicing team, enabling management of multiple projects simultaneously. The company has developed long-term customer relationships, notably leveraging the network of Chi Yip, a longstanding entity in the Hong Kong construction industry. Its management team has over 10 years of experience, with key personnel including Mr. Man Siu Ming and Mr. Kan Chi Wai, who provide expertise in project management, construction transportation, logistics, and quantity surveying. Prior to its initial public offering, the company completed a reorganization and share issuance, with the IPO underwritten by Bancroft Capital, LLC.

The Company determines reportable operating segments based on its management approach, considering the internal organization and reporting used by the chief operating decision maker, the president and CEO. Management reviews operating results by product revenue without allocating operating costs. Based on this assessment, the Company has identified a single operating segment in accordance with FASB ASC 280.