OFAL on Nasdaq

OFA Group

OFA Group is an engineering services company based in Rolling Hills, Cayman Islands.1 Its shares trade on Nasdaq under the symbol OFAL.1

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Last updated Oct 21, 2026.

Overview

$716.9KRevenue, fiscal 20262
-$8.0MNet income, fiscal 20262

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  • TickerOFAL on Nasdaq1
  • IndustryServices-Engineering Services1
  • HeadquartersRolling Hills, California1
  • Incorporated inCayman Islands3
  • Business address609 Deep Valley Drive,, Suite 200,, Rolling Hills, Ca 902743
  • Filer category, Emerging growth company3

Co-Development Agreement was further amended by an Assignment Agreement (as described below).5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

22.9%Gross margin2
-1118.5%Operating margin2
-1119.1%Net margin2
254.9%Revenue growth, 20262
-73.0%Return on equity2
0.04×Debt to equity2
-$4.8MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Design and Fit-out Services brought in 85% of the revenue OFA Group broke down this way in fiscal 2026.

  1. Design and Fit-out Services$609.5K285%up 525% from 2025
  2. Others$107.4K215%up 3% from 2025
Products and services by year
Products and services20252026
Design and Fit-out Services$97.4K$609.5K
Others$104.6K$107.4K

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue28¢$553.0K
  • Selling, general and admin72¢$1.4M
  • Income tax0¢$66

Out of $716.9K in revenue.2 The company lost money this year.

Financial statements

Revenue62$716.9K in 2026−35% since 2023
0$500.0K$1.0M$1.5M2023: $1.1M$1.1M20232024: $530.6K$530.6K2024−52%2025: $202.0K$202.0K2025−62%2026: $716.9K$716.9K2026+255%
Gross profit62$163.8K in 2026−53% since 2023
0$100.0K$200.0K$300.0K$400.0K2023: $348.5K$348.5K20232024: $174.9K$174.9K2024−50%2025: $88.6K$88.6K2025−49%2026: $163.8K$163.8K2026+85%
Operating income62-$8.0M in 2026
-$10.0M-$7.5M-$5.0M-$2.5M0$2.5M2023: $162.0K$162.0K20232024: -$87.3K-$87.3K20242025: -$687.2K-$687.2K2025+687%2026: -$8.0M-$8.0M2026+1067%
Net income62-$8.0M in 2026
-$10.0M-$7.5M-$5.0M-$2.5M0$2.5M2023: $174.3K$174.3K20232024: -$93.2K-$93.2K20242025: -$714.7K-$714.7K2025+667%2026: -$8.0M-$8.0M2026+1023%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2026-03-312025-03-31
Project income$716.9K$202.0K
Cost of revenue$553.0K$113.4K
Gross profit$163.8K$88.6K
Depreciation and amortization$1.6M
Selling, general and administrative$1.4M$370.0K
Professional services$2.7M$113.7K
Advertising and marketing$530.5K$20.6K
Salaries and wages$1.9M$271.6K
Total operating expenses$8.2M$775.8K
Loss from operations-$8.0M-$687.2K
Government subsidies$9.0K$20.0K
Interest expense-$13.7K-$48.5K
Interest income$464$968
Total other expense-$4.2K-$27.5K
Loss from operations before income taxes-$8.0M-$714.7K
Provision for income taxes-$66
Net Loss-$8.0M-$714.7K
Dividends and accretion to redeemable preferred equity-$714.4K
Net Loss attributable to common shareholders-$8.7M-$714.7K

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Corporate structure

OFA Group sits at the top of its group. 2 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of OFA Group

  • OFA Group Rolling Hills, California
    • Republic of Subsidiary · China

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What OFA Group reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$99.9K2 Mar 31, 2026
Property and equipment, net$897.0K2 Mar 31, 2026
Operating-lease assets (leased space)$635.6K2 Mar 31, 2026$38.0K2 Mar 31, 2025+1572.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.7M2 Mar 31, 2026$31.9K2 Mar 31, 2025+8392.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$16.1M2 Mar 31, 2026
Finite-lived intangibles, gross$17.6M2 Mar 31, 2026
Accumulated amortization-$1.5M2 Mar 31, 2026
Finite-lived intangibles, net$16.1M2 Mar 31, 2026

Properties, in its own words

Our principal executive offices and North American headquarters are located in Rolling Hills, California, while our primary administrative, technical, and architectural operations continue to be conducted from our offices in Hong Kong.

The following table sets forth certain information relating to the primary leased offices as of the date of this annual report.

The rest of Item 2

Lessor · Lessee · Location · Area (Square Meter) · Annual Rent · Term · Use

WellMake Investments Limited · Office for Fine Architecture Limited · Unit. B, 16th Floor Easy Tower No. 609 Tai Nan West Street, Cheung Sha Wan, Kowloon, Hong Kong · 81.3 square meters · $180,390 in HKD · 2 years (from August 16, 2025 to August 15, 2027) · Industrial / office (non-domestic use)

Regus Management Group, LLC · Office for Fine Architecture Limited · 609 Deep Valley Drive, Suite 200, Rolling Hills, California 90274 · 41.81 square meters · Rent negotiated monthly in the range of $1,923.70 to $3,318.40 · Month to month · Office

Strand Property Management, LLC · OFA Group · 3720 Skypark Drive, Torrance, California · 4,658 square meters · $117,381.60 · 5 years and 1 month from March 15, 2026 to April 14, 2031 · Office

Guangzhou Tiande Commercial Operations Management Co., Ltd. · Guangzhou Zhiyi Consulting Services Co., Ltd. · Room 2101, Sub-room No. 19, Linjiang Avenue No. 395, Guangzhou City, Guangdong Province, China · 10 seats · $26,090.74 · 1 year from December 26, 2025 to December 25, 2026. · Office

Item 2 of the 10-K filed Jul 14, 2026.5

Leadership

Who has led OFA Group, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (5)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Republic of China (“PRC”)4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Oct 9, 20268-K Shareholder vote12
  2. Oct 5, 20268-K Executive or director change13
  3. Aug 13, 20268-K Executive or director change14
  4. Jul 27, 20268-K Regulation FD disclosure15
  5. Jun 23, 20268-K Unregistered sale of shares16
  6. Jun 12, 20268-K Listing notice or transfer; Other events17
  7. Jun 8, 20268-K Unregistered sale of shares18
  8. May 26, 20268-K Executive or director change; Shareholder vote19
  9. May 14, 20268-K Entered a material agreement; Other events20
  10. Apr 22, 20268-K Entered a material agreement; Regulation FD disclosure21
  11. Apr 8, 20268-K Executive or director change22
  12. Apr 6, 20268-K Entered a material agreement; Regulation FD disclosure23
  13. Apr 1, 2026New chief executive Li Hsien Wong becomes CEO8

Filings

92 filings to the SEC since October 2021: 2 annual reports, 1 quarterly reports, 13 major events, 6 insider forms, 4 large holders, 66 other. The latest 20:

  1. Oct 9, 20263 EDGAR
  2. Oct 9, 20268-K EDGAR
  3. Oct 5, 20268-K EDGAR
  4. Sep 25, 2026DEF 14A EDGAR
  5. Sep 15, 2026PRE 14A EDGAR
  6. Aug 14, 202610-Q EDGAR
  7. Aug 13, 20268-K EDGAR
  8. Jul 27, 20268-K EDGAR
  9. Jul 14, 202610-K EDGAR
  10. Jun 30, 2026NT 10-K EDGAR
  11. Jun 24, 2026EFFECT EDGAR
  12. Jun 23, 20268-K EDGAR
  13. Jun 22, 2026CORRESP EDGAR
  14. Jun 22, 2026UPLOAD EDGAR
  15. Jun 12, 20268-K EDGAR
  16. Jun 10, 2026S-1 EDGAR
  17. Jun 8, 20268-K EDGAR
  18. May 27, 2026144 EDGAR
  19. May 26, 20268-K EDGAR
  20. May 15, 2026144 EDGAR

The 92 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2026Larry Wong(Chief Executive OfficerDirector)$240.0K$724.0K28
2026Keith Chong(Chief Technology OfficerDirector)$91.9K$182.0K28
2026Thomas Gaffney (Chief Operating Officer)$180.0K28
2026Ernest Yeung (Chief Financial Officer)$80.0K28
2025Thomas Gaffney (Chief Operating Officer)$87.2K28
2025Ernest Yeung (Chief Financial Officer)$40.2K28
2025Keith Chong(Chief Technology OfficerDirector)$36.8K28
2025Larry Wong(Chief Executive OfficerDirector)$36.8K28

SEC filer profile

How OFA Group is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAROFA Group1
  • CIK0002036307
  • Employer ID (EIN)00-00000005
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company5
  • Incorporated inCayman Islands5
  • Fiscal year endsMarch 311
  • Industry code (SIC)8711 Services-Engineering Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address609 Deep Valley Drive,, Suite 200,, Rolling Hills, CA 902741
  • Phone852213701221
  • Shares outstanding26,370,521 shares as of Jul 13, 20265
  • Public float$6.8M as of Sep 30, 20255
  • AuditorM&K CPAS, PLLC, The Woodlands, Texas PCAOB ID 2738; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceSep 27, 20241
  • Filings92 in all: CORRESP (15), 8-K (12), 6-K (10), UPLOAD (10), F-1/A (8), 3 (6), EFFECT (4), SCHEDULE 13G (4)1
    All 24 form types

    F-1 (3), 144 (2), DEF 14A (2), DRS/A (2), DRSLTR (2), PRE 14A (2), 10-K (1), 10-Q (1), 20-F (1), 424B4 (1), 8-A12B (1), 8-K/A (1), CERT (1), DRS (1), NT 10-K (1), S-1 (1)

  • Latest filingsAnnual report (10-K) Jul 14, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Sep 25, 2026
    Latest 8-K (8-K) Oct 9, 2026

Securities registered for trading

ClassSymbolExchange
Class A Ordinary Shares, $0.001 par value per shareOFALNasdaq

From the cover page of the 10-K filed Jul 14, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks OFA Group names in Item 1A of its 10-K filed Jul 14, 2026: 64 risks under these headings, as written.5

  • Risks Related to Our Business and Industry
  • Our industry is highly competitive, and we may be unable to compete effectively, which could result in reduced revenue, profitability and market share.
  • We may be adversely affected if we do not retain the continued services of our senior management and key technical personnel.
  • Demand for our services is impacted by economic downturns, reductions in government or private spending and times of political uncertainty.
  • Our operating history may not be indicative of our future growth or financial results, and we may not be able to sustain our historical growth rates.
  • Our utilization of artificial intelligence and machine learning technologies may expose us to operational, legal, and financial risks that could materially impact our business operations and financial results.
  • Risks Related to Our Co-Development Agreement for the OFA QikBIM System
  • Risks Related to the Valuation of Noncash Consideration Received in the Form of PPDF
  • We may encounter difficulties expanding into new businesses or industries, which may affect adversely our results of operations and financial condition.
  • We may be subject to legal or other proceedings in the ordinary course of our business. If the outcome of these proceedings are adverse to us, they could have a material adverse effect on our business, financial condition and results of operations. In addition, we are subject to government regulations. If we fail to comply with the relevant requirements and obligations, our ability to conduct our business and our brand which may adversely affect our business, financial condition and results of operations.
  • Continuing inflation, rising or continued high interest rates, and/or construction costs could reduce the demand for our services as well as decrease our profit on our existing contracts, in particular with respect to our fixed-price contracts.
  • Project sites are inherently dangerous workplaces. Failure to maintain safe work sites by us, the owner or others working at the project site can lead to our employees, contractors or others becoming injured, disabled or even losing their lives, and exposes us to significant financial losses and reputational harm, as well as civil and criminal liabilities.
The other 55 risks
  • The nature of our contracts, particularly any fixed-price contracts, subjects us to risks of cost overruns. We may experience reduced profits or losses if costs increase above budgets or estimates or the project experiences delays.
  • Our failure to meet performance requirements or contractual schedules could adversely affect our business, financial condition and results of operations.
  • The contracts in our backlog may be adjusted, canceled or suspended by our clients and, therefore, our backlog is not necessarily indicative of our future revenues or earnings.
  • Our business and operating results could be adversely affected by losses under fixed-price contracts.
  • Our services expose us to significant risks of liability and our insurance policies may not provide adequate coverage.
  • In conducting our business, we depend on other contractors and subcontractors. If these parties fail to satisfy their obligations to us or other parties, or if we are unable to maintain these relationships, our revenue, profitability and growth prospects could be adversely affected.
  • We depend on a few major customers with which we do not enter into long-term contracts, the loss of any of which could cause a significant decline in our revenues.
  • Systems and information technology interruption could adversely impact our operations and financial results.
  • Cybersecurity or privacy breaches, or systems and information technology interruption or failure could adversely impact our ability to operate or expose us to significant financial losses and reputational harm.
  • We may need additional capital but may not be able to obtain it on favorable terms or at all.
  • We have identified material weaknesses in our internal control over financial reporting. If we do not adequately remediate the material weaknesses, or if we experience additional material weakness in the future or otherwise fail to maintain effective internal controls, we may not be able to accurately or timely report our financial condition or results of operations, or comply with the accounting and reporting requirements applicable to public companies, which may adversely affect investor confidence in us and the market price of our Class A Ordinary Shares.
  • Risks Related to Doing Business in Hong Kong
  • A downturn in the Hong Kong or global economy, or a change in economic, social and/or political conditions in Hong Kong, could materially and adversely affect our Hong Kong operating subsidiary’s business and financial condition.
  • Our Hong Kong operating subsidiary may be subject to restrictions on paying dividends or making other payments to us, which may restrict its ability to satisfy liquidity requirements, conduct business and pay dividends to holders of our Class A Ordinary Shares.
  • We may be negatively affected by adverse political or geopolitical developments that affects the conducting of business in Hong Kong.
  • Changes in international trade policies, trade disputes, barriers to trade or the emergence of a trade war may dampen growth in markets where the majority of our customers reside.
  • Fluctuations in exchange rates could result in foreign currency exchange losses to us and could impact our gross profit and gross margin.
  • If the pegging system collapses and the value of the Hong Kong dollars against the US dollar is affected, our sales in the US or other US currency based regions may be affected.
  • The costs of doing business in Hong Kong is high as compared to its surrounding regions.
  • The PCAOB determinations provides that if the PCAOB board is unable to inspect or investigate completely registered public accounting firms headquartered in China or Hong Kong, a Special Administrative Region, because of a position taken by one or more authorities in China or Hong Kong it could result in the prohibition of trading in our securities by not being allowed to list on a U.S. exchange, and as a result an exchange may determine to delist our securities, which would materially affect the interest of our investors.
  • We may become subject to a variety of PRC laws and other regulations regarding data security or securities offerings that are conducted overseas and/or other foreign investment in China-based issuers, and any failure to comply with applicable laws and regulations could have a material and adverse effect on our business, financial condition and results of operations and may hinder our ability to offer or continue to offer Class A Ordinary Shares to investors and cause the value of our Class A Ordinary Shares to significantly decline or be worthless.
  • Our business concerning use of third party AI tools and our future plans concerning the development of proprietary AI tools may be materially and adversely affected by developments concerning AI regulations in Hong Kong.
  • Failure to comply with Hong Kong Competition Law may result in material and adverse effect on our business, financial condition and results of operations.
  • Failure to comply with PDPO may result in material and adverse effect on our business, financial condition and results of operations.
  • Risks Related the Ownership of Class A Ordinary Shares
  • Investors who buy Class A Ordinary Shares from our securityholders at different times will likely pay different prices.
  • Sales of a substantial number of our Class A Ordinary Shares in the public market by our existing securityholders could cause the price of our ordinary share to fall.
  • The trading market for our Class A Ordinary Shares is very new, and consistently robust and liquid trading market may not develop or be sustained over the long term.
  • Nasdaq may apply additional and more stringent criteria for our continued listing because we plan to have a small public offering and insiders will hold a large portion of our listed securities.
  • Our three main shareholders, including our Chief Executive Officer and our Chief Technology Officer, beneficially own an aggregate of 16,982,076 Class A Ordinary Shares and 20,000,000 Class B Ordinary Shares as of the date of this report, representing approximately 98.22% of the voting power of our outstanding share capital, and will have significant influence over all corporate matters for which shareholder approval is required.
  • The conversion of our Preferred Shares may result in substantial dilution to existing shareholders, and the number of Class A Ordinary Shares issuable upon conversion may increase if the market price of our Class A Ordinary Shares declines.
  • The trading price of our Class A Ordinary Shares may be volatile, which could result in substantial losses to investors.
  • Certain recent initial public offerings of companies with public floats comparable to our anticipated public float have experienced extreme volatility that was seemingly unrelated to the underlying performance of the respective company. We may experience similar volatility, which may make it difficult for prospective investors to assess the value of our Class A Ordinary Shares.
  • The future sales of Class A Ordinary Shares by existing shareholders may adversely affect the market price of our ordinary share.
  • If securities or industry analysts do not publish research or reports about our business, or if they adversely change their recommendations regarding our Class A Ordinary Shares, the market price for our Class A Ordinary Shares and trading volume could decline.
  • The sale or availability for sale of substantial amounts of our Class A Ordinary Shares could adversely affect their market price.
  • Because we do not expect to pay dividends in the foreseeable future, you must rely on price appreciation of our Class A Ordinary Shares for return on your investment.
  • You must rely on the judgment of our management as to the use of the net proceeds from future financings, and such use may not produce income or increase our share price.
  • If we are classified as a passive foreign investment company, United States taxpayers who own our Class A Ordinary Shares may have adverse United States federal income tax consequences.
  • We may issue additional Ordinary Shares or preference shares in the future. Any such issuances would dilute the interest of our shareholders and likely present other risks.
  • The Second M&A that we adopted contain anti-takeover provisions and the Class B Ordinary Shares we issued have anti-takeover effects that could have a material adverse effect on the rights of holders of our Class A Ordinary Shares.
  • We are a “controlled company” within the meaning of the Nasdaq Stock Market Rules and, as a result, may rely on exemptions from certain corporate governance requirements that provide protection to shareholders of other companies.
  • You may face difficulties in protecting your interests, and your ability to protect your rights through U.S. courts may be limited, because we are incorporated under Cayman Islands law.
  • You may be unable to present proposals before annual general meetings or extraordinary general meetings not called by shareholders.
  • Certain judgments obtained against us by our shareholders may not be enforceable.
  • We are an emerging growth company within the meaning of the Securities Act and may take advantage of certain reduced reporting requirements.
  • We incur significantly increased costs and devote substantial management time as a result of the listing of our Class A Ordinary Shares.
  • Nasdaq may delist our securities from trading on its exchange, which could limit investors’ ability to make transactions in our securities and subject us to additional trading restrictions.
  • Risks Related to Our Cryptocurrency Treasure Strategy
  • We may use the net proceeds from any future offering to purchase cryptocurrency, the price of which has been, and will likely continue to be, highly volatile.
  • Regulatory change reclassifying bitcoin as a security could lead to our classification as an “investment company” under the Investment Company Act of 1940, as amended, or the 1940 Act, and could adversely affect the market price of bitcoin and the market price of our Class A Ordinary Shares.
  • We may be subject to regulatory developments related to crypto assets and crypto asset markets, which could adversely affect our business, financial condition, and results of operations.
  • Our ability to execute our business plan depends on the successful development, deployment, and commercialization of blockchain-based infrastructure that supports the tokenization of real-world assets, on-chain trading systems, and treasury management, which may not materialize as expected.
  • Changes in laws and regulations, including increased regulation of blockchain technologies and digital assets, may adversely affect our business, product development, and compliance obligations.
  • Our ability to build and scale a community of clients and investor end-users for blockchain-enabled financial services and products is uncertain and depends on successful market adoption, product development, and execution of our business strategy.
  • There are risks associated with the Solana network, SOL token and the blockchain sector.
  • Our Solana digital asset staking strategy is subject to unique and substantial risks related to the Solana network’s technology, governance, and ecosystem, which could result in a complete or partial loss of our investment.
  • A cyberattack or other malicious attack on the Solana blockchain could have a material impact on the value of SOL held by the Company.
  • Covered Call Option Writing Risk

Legal proceedings

The Company is aware of a lawsuit filed in New York State Court asserting that approximately 70 different IPO issuers and underwriters violated Sections 11, 12 and 15 of the federal securities laws. The Company has not yet been served with the lawsuit, and although it appears to have been named as a defendant, there are no allegations specific to the company in the complaint. The Company denies any allegations of wrongdoing of the type alleged vaguely in the complaint. Because the allegations are vague and general, out of an abundance of caution the Company believes it is premature for to determine whether the lawsuit is material.

We are not currently a party to any material litigation or governmental or other proceeding. However, from time to time, we have been, are and will likely continue to be involved in legal proceedings, administrative proceedings and claims that arise in the ordinary course of business with customers, subcontractors, suppliers, regulatory bodies or others. In general, litigation claims or regulatory proceedings can be expensive and time consuming to bring or defend against, which may result in the diversion of management’s attention and resources from our business and business goals and could result in settlement or damages that could significantly affect financial results and the conduct of our business.

The opening of Item 3, Legal Proceedings.5