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Charming Medical Ltd (MCTA)


Company Overview

Proposed Symbol MCTA
Company Name Charming Medical Ltd
Exchange
Share Price $
Employees 49 (as of 05/27/2025)
Status
Shares Offered
Offer amount $11,040,000
Shares Over Alloted
Company Address UNITS 1803-1U806, 18/F, HANG LUNG CENTRE 2-20 PATERSON STREET, CAUSEWAY BAY HONG KONG 00000
Company Phone 852 2116 1492
Company Website www.charmingmed.com
CEO Kit Wong
State of Inc
Fiscal Year End 12-31
Total Offering Expense $782,831.00
Shareholder Shares Offered
Shares Outstanding 14,938,000
Lockup Period (days) 180
Lockup Expiration
Quiet Period Expiration
CIK 0002035992
DealId 1335244-113974

Company Description

We are a Hong Kong-based provider of Traditional Chinese Medicine (TCM)-inspired therapies and products. We offer a wide range of beauty, wellness, and postpartum services and products rooted and influenced by the principles and practices of TCM, such as the use of herbal ingredients, acupuncture techniques, Tuina massage, and dietary guidance. Operating under the Beauty Lab Group (“Beauty Lab”) brand, our Operating Subsidiaries in Hong Kong offer a wide range of TCM-inspired beauty, wellness, and postpartum therapies and products through our four wellness centers in Hong Kong. Our services are designed to meet diverse health improvement needs, including alleviating premenstrual syndrome, menstrual irregularities, dysmenorrhea, leukorrhea, pelvic inflammatory disease, menopausal care, breast health, and other common women’s health conditions. We believe that our TCM-inspired herbal therapies can help balance the female endocrine system and improve women’s constitution and overall health. Additionally, the Operating Subsidiaries offer TCM-inspired therapies tailored to men. We offer a wide range of beauty, wellness, and postpartum services for women with a focus on utilizing TCM approaches in addressing women’s health issues. Our beauty, wellness, and postpartum services include but are not limited to womb-warming therapy, BTS (Beauty, Tailor-made, Slim) pelvic detox therapy, agarwood moxibustion therapy, TCM-inspired prenatal massage, and Indonesian traditional abdominal binding. In addition, under the “Beauty Lab” brand, we also offer supplements products, including (i) TCM-inspired supplements products, such as Beauty Lab home herbal uterine care patch, probiotic intimate wash, and Yin nourishing pill sets, designed to support uterine health, improve physical weakness, and balance endocrine functions for female customers; and (ii) beauty products, including ginseng soothing anti-allergy moisturizing wash, which provide comprehensive care for skin issues, and scalp health. Moreover, we also offer consultancy services to provide TCM-inspired therapy technical training and dietary therapy training to other well-established and reputable beauty salons, massage centers, and similar institutions. We generated revenue of $6,015,375 and $3,530,822, respectively, and achieved a net profit of $821,743 and incurred a net loss of $335,605, respectively, for the years ended March 31, 2024 and 2023. Our revenue primarily includes the following: (i) beauty, wellness, and postpartum services; (ii) sales of products; and (iii) consultancy services. For the fiscal years ended March 31, 2024, and 2023, the revenue from beauty, wellness, and postpartum services amounted to $5,813,814 and $3,451,955, representing 96.6% and 97.8% of total revenue, respectively. The revenue from sales of products was $88,992 and $78,867 for the fiscal years ended March 31, 2024, and 2023, representing 1.5% and 2.2% of total revenue, respectively. The revenue from consultancy services was $112,569 and nil for the fiscal years ended March 31, 2024, and 2023, representing 1.9% and 0% of total revenue, respectively. We generated revenue of $2,958,508 and $2,641,503, respectively, and achieved a net profit of $468,817 and $377,651, respectively, for the six months ended September 30, 2024 and 2023. Our revenue primarily includes the following: (i) beauty, wellness, and postpartum services; and (ii) sales of products. For the six months ended September 30, 2024 and 2023, the revenue from beauty, wellness, and postpartum services amounted to $2,905,920 and $2,597,782, representing 98.2% and 98.3% of total revenue, respectively. The revenue from sales of products was $52,588 and $43,721 for the six months ended September 30, 2024 and 2023, representing 1.8% and 1.7% of total revenue, respectively. --- Our principal executive office is located at Units 1803-1806, 18/F, Hang Lung Centre, 2-20 Paterson Street, Causeway Bay, Hong Kong. The telephone number of our principal executive office is +(852) 2116 1492. Our registered agent in the BVI is Overseas Company Services Limited. Our registered office and our registered agent’s office in the BVI are located at Unit 8, 3/F., Qwomar Trading Complex, Blackburne Road, Port Purcell, Road Town, Tortola, BVI, VG1110. Our agent for service of process in the United States is Cogency Global Inc., located at 122 E 42nd Street, 18th Floor, New York, NY 10168. We maintain a website at https://www.charmingmed.com/.