{"url_path":"/sec/hiho/10-k/2026/item-7","section_key":"item-7","section_title":"Item 7 Major Shareholders and Related Party Transactions**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-07-14","source_url":"https://www.sec.gov/Archives/edgar/data/1026785/0001213900-26-077959-index.html","accession_number":"0001213900-26-077959","cik":"0001026785","ticker":"HIHO","issuer_name":"HIGHWAY HOLDINGS LTD","edgar_url":"https://www.sec.gov/Archives/edgar/data/1026785/0001213900-26-077959-index.html","primary_entity_key":"0001026785","primary_entity_name":"HIGHWAY HOLDINGS LTD"},"word_count":793,"has_tables":true,"body_markdown":"** **\n\n**Item 7. Major Shareholders and Related Party Transactions**\n\n \n\nMajor Shareholders. The Company is not directly\nor indirectly owned or controlled by any other corporation or any foreign government. The following table sets forth, as of June 30, 2026,\ncertain information with respect to the beneficial ownership of the Company’s Common Shares by each person (i) who is an executive\nofficer or director of the Company, (ii) known by the Company to own beneficially more than 5% of the outstanding Common Shares outstanding\nas of such date, and (iii) the officers and directors of the Company as a group.\n\n \n\nName of Beneficial Owner or Identity of Group(1) \nNumber of\nCommon\nShares\nBeneficially\nOwned  \nPercent\nBeneficial\nOwned(**) \n\nRoland W. Kohl \n 984,067  \n 21.3%\n\nDoron Aharonov \n 0  \n * \n\nHeiko Sonnekalb \n 50,000  \n 1.1%\n\nIrene Wong Ping Yim \n 23,000  \n * \n\nAnnie Leung Hoi Ling \n 2,500  \n * \n\nBrian Chu Chong Tat \n 2,500  \n * \n\nAlan Chan \n 20,000  \n * \n\nRingo Tsang \n 70,000  \n 1.5%\n\nAll Directors and Officers as a Group (8 Persons) \n 1,152,067  \n 24.9%\n\n  \n    \n   \n\nGreater than 5% shareholders \n    \n   \n\nTiko Aharonov \n 235,000  \n 5.1%\n\n \n\n*\nLess than 1%.\n\n**\nUnder the rules of the Securities and Exchange Commission, shares of Common Shares that an individual or group has a right to acquire within 60 days pursuant to the exercise of options or warrants are deemed to be outstanding for the purpose of computing the percentage ownership of such individual or group, but are not deemed to be outstanding for the purpose of computing the percentage ownership of any other person shown in the table.\n\n*** (1)\nThe address of each of the named holders is c/o Highway Holdings Limited, Suite 1801, Level 18, Landmark North, 39 Lung Sum Avenue, Sheung Shui, New Territories, Hong Kong.\n\n \n\n49\n\n \n\n \n\nTo the Company’s knowledge, none of the Company’s\nshareholders resides in the British Virgin Islands. As of June 30, 2026, the Company had 56 record holders, of whom 23 were residents\nof the United States. To the Company’s knowledge, foreign record holders own 651,295 Common Shares, although a number of the Company’s\nofficers, directors and other foreign shareholders also own shares in street name. To the Company’s knowledge 1,387,067 of its Common\nShares are owned by non-U.S. persons. Based on the Company’s records of shares owned by its officers, by its record holders, and\nby other foreign holders who hold their shares in street name, the Company estimates that at least 29.98% of the Company’s outstanding\nshares are owned by non-U.S. shareholders. Roland Kohl was granted 300,000 shares of restricted stock on May 13, 2023, which increased\nthe number of shares he beneficially owns from 674,067 shares to 974,067 shares. Each of Roland Kohl, former director Tiko Aharonov, Irene\nWong Ping Yim, Heiko Sonnekalb, Alan Chan, and Ringo Tsang were also granted 20,000 shares of restricted stock on May 1, 2025, and each\nof former director Patrick Michaels, former director Marcus Bagnall, Annie Leung Hoi Ling, Brian Chu Chong Tat were also granted 2,500\nshares of restricted stock on May 1, 2025. On March 1, 2026, the Company issued 64,851 Common Shares to LeMALe Beteiligungs-GmbH as partial\nconsideration for the Company’s acquisition of 51% of the outstanding shares of Regent-Feinbau. Other than those increases\nin holdings, to the Company’s knowledge there have been no significant changes in the percentage ownership held by any major shareholders\nduring the past three years, and there are no arrangements known to the Company, the operation of which may at a subsequent date result\nin a change in control of the Company. All holders of the Common Shares have the same voting rights.\n\n \n\nRelated Party Transactions.\n\n \n\nThe Company did not engage in any related party\ntransactions during the fiscal year ended March 31, 2026. However, as described elsewhere in this annual report, on March 29, 2019 Kayser\nMyanmar, the Company’s 84% owned Myanmar subsidiary, entered into a 50-year lease with Konig Company Limited (“Konig Company”),\na Myanmar company. Neither the Company nor any of its subsidiaries owns an equity interest in Konig Company, and Konig Company owns no\nshares of the Company. Furthermore, none of Konig Company’s principals is an officer or director of the Company, nor are any of\nthe Company’s officers or directors affiliated with Konig Company. Accordingly, the Company does not believe that Konig Company\nis a related party. However, Konig Company is owned by two Myanmar citizens, one of whom is currently a manager and a shareholder of Kayser\nMyanmar (he owns a 16% interest in Kayser Myanmar). These two principals of Konig Company also collectively own 15,000 shares of the Company’s\nrestricted stock. All discussions regarding the lease and the other arrangements between the Company and Kayser Myanmar were conducted\non behalf of the Company and Kayser Myanmar by officers of the Company, and the two principals of Konig Company represented Konig Company\nin those interactions."}