Chi Ming Lam’s activist holding in Ming Shing Group Holdings Ltd fell to 7,824,865 Ordinary Shares, or 4.8%, after open-market sales totaling 270,000 Class A Ordinary Shares. The ownership change matters because Lam ceased to exceed the five-percent threshold and identified the amendment as his final one unless ownership rises above that level again.

Key Highlights

  • Chi Ming Lam sold 150,000 Class A Ordinary Shares on September 9, 2026, and 120,000 on September 11, 2026.
  • As of September 11, 2026, Lam beneficially owned 7,824,865 Ordinary Shares, representing 4.8% of the issuer’s issued and outstanding shares.
  • Amendment No. 12 is the final amendment unless Lam’s beneficial ownership again exceeds five percent.

PMA Graphene Technology Group Inc (NASDAQ: PMA).’s reporting person Chi Ming Lam now beneficially owns 7,824,865 Ordinary Shares, equal to 4.8% of the issuer’s issued and outstanding shares. Lam remains a director of PMA Graphene Technology Group Inc. and retains voting and Dividend rights over pledged shares, subject to the stated enforcement conditions.

Lam’s 4.8% Position

Of the Class B position, 5,400,000 shares have been pledged, while 600,000 Class B Ordinary Shares remain subject to his sole voting and sole dispositive power. The 4.8% ownership figure uses 162,975,000 Ordinary Shares outstanding on a single-class basis.

Lam sold 150,000 Class A Ordinary Shares on September 9, 2026, followed by a sale of 120,000 Class A Ordinary Shares on September 11, 2026. The transactions reduced his holdings by an aggregate 270,000 Class A Ordinary Shares. The sales left Lam with 7,824,865 Ordinary Shares as of September 11, 2026. Lam’s shares were redesignated during the issuer’s June 2026 reclassification.

Final Amendment Unless Stake Rises

The filing states that the amendment is final unless beneficial ownership again exceeds five percent. The filing states that Lam expects to review the issuer’s financial condition, prospects and his interests on an ongoing basis. He also reserved the right to increase or decrease his holdings through open-market transactions, privately negotiated deals or other means. The stated purpose was to report changes in Lam’s beneficial ownership of Class A Ordinary Shares.