Phoenix Asia Holdings Ltd

Phoenix Asia Holdings Ltd operates as a holding company primarily engaged in substructure works in Hong Kong through its indirectly wholly-owned Operating Subsidiary, Winfield Engineering (Hong Kong) Limited. The company's main services include site formation, ground investigation, and foundation works. To a lesser extent, Phoenix Asia Holdings Ltd also provides other construction services, such as structural steelworks. The company primarily undertakes substructure works as a subcontractor. Additionally, it offers advisory and supervision services for its substructure projects, billed on a monthly basis. Winfield Engineering (Hong Kong) Limited was founded in 1990 and has over 30 years of operating history focused on substructure works. Substructure refers to the foundation support system built below ground level. In 2023, the company was awarded a public project for a major trunk road involving marine grouting works, with an expected completion in late-2025. The company mainly participates in public sector projects in Hong Kong, with a smaller involvement in private sector projects. As of the date of this annual report, Winfield Engineering (Hong Kong) Limited is a Registered Specialist Contractor under the sub-registers of foundation works, site formation works, and ground investigation field works categories maintained by the Buildings Department of Hong Kong. It is also a Registered Subcontractor under foundation and piling (sheet piles, bored piles, driven piles, diaphragm walls, micro piles, and hand-dug caisson) and general civil works (earthwork and ground investigation) of the Registered Specialist Trade Contractors Scheme of the Construction Industry Council of Hong Kong.