Ming Shing Group Holdings Limited Secures Promissory Note with Stock Pledge

On October 30, 2025, Mr. Chi Ming Lam, a non-independent director of Ming Shing Group Holdings Limited, executed a secured promissory note (the "Note") with Relaxandrinks Limited. The Note involves a principal sum of US$1.6 million, secured by a pledge of 5,400,000 ordinary shares of the company. The maturity date of the Note is the earlier of six months from the date of the Note or an accelerated maturity date triggered by specific events such as insolvency. Interest on the Note accrues at 12% per annum. Simultaneously, Mr. Lam executed a stock pledge agreement (the "Pledge Agreement") for the pledged shares. In the event of default, Relaxandrinks Limited may take possession of the pledged shares, potentially leading to a change of control of the company. The Note and Pledge Agreement are governed by New York law.