Masonglory: securities offering (amended)

Cover page 5 changes

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As filed with the Securities and Exchange Commission on December 13, 2024. January 3, 2025 .

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SUBJECT TO COMPLETION, DATED _________ , 2024 202 5

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The Underwriters expect to deliver the Ordinary Shares against payment as set forth under "Underwriting" on or about , 2024. 2025.

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The date of this prospectus is , 2024. 202 5 .

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Until and including , 2024 202 5 (25 days after the date of this prospectus), all dealers that buy, sell or trade the Shares, whether or not participating in this offering, may be required to deliver a prospectus. This delivery requirement is in addition to the obligation of dealers to deliver a prospectus when acting as Underwriters and with respect to their unsold allotments or subscriptions.

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MD&A 1 change

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Accounts receivables represented receivables from our customers arising from our contract work. We generally grant our customers a credit period of 30 days, depending on their reputation and transaction history. As of March 31, 2024, our accounts receivable increased by US$3,821,757 to US$5,388,661 from US$1,566,904 as of March 31, 2023, which is due primarily to the increase in the amount of works performed by us in our existing projects. This is in line with each of our ongoing project's scale, complexity, work schedules and timing of settlement. As of March 31, 2024, the number of accounts receivable represented our works performed near the respective year end date. All of our accounts receivable as of March 31, 2024 have been subsequently settled as of May 31, 2024. Our accounts receivable decreased by US$2,069,244 or approximately 38% from US$5,388,661 as of March 31, 2024 to US$3,319,417 as of September 30, 2024. The decrease in accounts receivable was due mainly to our clients' settlement of our invoices. As of November 30, 2024, approximately US$2,689,384 or 81% the date of this prospectus, all of our accounts receivable as of September 30, 2024 have been settled.

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Note D: Boral Capital LLC 4 changes

Until and including , 2024 202 5 (25 days after the date of this prospectus), all dealers that buy, sell, or trade the Shares, whether or not participating in this offering, may be required to deliver a prospectus. This delivery requirement is in addition to the obligation of dealers to deliver a prospectus when acting as Underwriters and with respect to their unsold allotments or subscriptions.

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SUBJECT TO COMPLETION, DATED [*], 2024 202 5

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No sales of the Ordinary Shares covered by this prospectus shall occur until after the closing of our initial public offering (the "IPO"). Any sales will occur from time to time at prevailing market prices or in privately negotiated prices. The distribution of securities offered hereby may be effected in one or more transactions that may take place in ordinary brokers' transactions, privately negotiated transactions or through sales to one or more dealers for resale of such securities as principals. Usual and customary or specifically negotiated brokerage fees or commissions may be paid by the Selling Shareholder. The date of effectiveness of the registration statement for our IPO is [*], 2024. 2025. The IPO price of the Ordinary Shares is $[*] per Ordinary Share. On [*], 2024, 2025, the last reported sale price of our Ordinary Shares on Nasdaq was [*] per share.

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The date of this prospectus is , 2024 202 5

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Exhibits 2 changes

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Pursuant to the requirements of the Securities Act, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form F -1 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Hong Kong, on December 13, 2024. January 3, 2025.

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Pursuant to the Securities Act, the undersigned, the duly authorized representative in the United States of Masonglory, has signed this registration statement or amendment thereto in New York, New York on December 13, 2024. January 3, 2025.

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