Organization and Business Overview |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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May 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Organization and Business Overview [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ORGANIZATION AND BUSINESS OVERVIEW |
Company Overview
Intelligent Group Limited (“IGL” or the “Company”) is a company with limited liability incorporated in the British Virgin Islands on July 5, 2018. The Company’s registered office is located at the office of Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands and its principal place of business is situated at Unit 1203C, Level 12, Admiralty Centre, Tower 1, 18 Harcourt Road, Admiralty, Hong Kong.
The Company through its subsidiaries (collectively referred to as the “Group”) principally engage in providing financial public relations (“Financial PR”) services in Hong Kong.
As of May 31, 2026, the Company had interests (direct and indirect) in the following subsidiaries:
Reclassification of Class A and Class B ordinary shares
On November 27, 2024, the shareholders of the Company passed a resolution to reclassify 1,500,000 ordinary shares held by Ms. Wai Lau into Class B ordinary shares, with remaining ordinary shares as Class A ordinary shares. All of the Class B shareholders were controlled by Ms. Wai Lau, the founder of the Company.
Each of the Class A ordinary shares and Class B ordinary shares has the right to an equal share in any dividend paid by the Company and the right to an equal share in the distribution of the surplus assets of the Company. However, each Class A ordinary share has the right to one vote on any resolution, and each Class B ordinary share has the right to fifty (50) votes on any resolutions. The reclassification of 1,500,000 Class A ordinary shares into 1,500,000 Class B ordinary shares was completed on April 8, 2025.
Class B ordinary shares
Subsequently, 1,500,000 ordinary shares held by Ms. Wai Lau were reclassified as Class B ordinary shares. In December 2025, these shares were transferred to VL Prime Capital Limited, an entity affiliated with Ms. Wai Lau. After the 1-for-20 reverse stock split effective February 17, 2026, this holding was adjusted to 75,000 Class B ordinary shares.
On closing of the private placement on April 29, 2026, the Company issued 600,000 Class B ordinary shares to New Bay Development (Intel) Holding Co., Limited. Such shares are directly held by New Bay Development (Intel) Holding Co., Limited, a wholly-owned subsidiary of New Bayarea Development Holding Co., Ltd, which is wholly-owned by XJ International Holdings Co., Ltd. Under Rule 13d-3 of the Securities Exchange Act of 1934, each of these three entities is deemed to beneficially hold sole voting and dispositive power over these 600,000 Class B ordinary shares. |
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