{"url_path":"/sec/ncew/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/A","doc_date":"2026-06-08","source_url":"https://www.sec.gov/Archives/edgar/data/1968043/0001493152-26-027632-index.html","accession_number":"0001493152-26-027632","cik":"0001968043","ticker":"NCEW","issuer_name":"New Century Logistics (BVI) Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/1968043/0001493152-26-027632-index.html","primary_entity_key":"0001968043","primary_entity_name":"New Century Logistics (BVI) Ltd"},"word_count":679,"has_tables":true,"body_markdown":"**ITEM\n7 MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS**\n\n \n\n**A.\nMajor Shareholders**\n\n \n\nSee\n“*Item 6. Directors, Senior Management and Employees-E. Share Ownership.*”\n\n \n\n**B.\nRelated Party Transactions**\n\n \n\nDuring\nthe last three years, we have engaged in the following transactions with our directors, executive officers, or holders of more than 5%\nof our outstanding share capital and their affiliates, which we refer to as our related parties:\n\n \n\n**Balance\nWith Related Parties**\n\n \n\nThe\nbalance with related parties consisted of the following at September 30, 2025 and 2024:\n\n \n\n \n \n\n**As of**\n\n**September**\n\n**30, 2025**\n\n \n \n\n**As of**\n\n**September**\n\n**30, 2024**\n\n \n\n \n \n**US$**\n \n \n**US$**\n \n\n**Loan payable - related party**\n \n \n \n \n \n \n \n \n\nAsia International Securities Exchange Co., Limited\n \n \n-\n \n \n \n2,430,691\n \n\n**Due from related parties**\n \n \n \n \n \n \n \n \n\nLam Shing Kwan Henry (director)\n \n \n             -\n \n \n \n                  440,164\n \n\nNgan Ching Shun (executive officer)\n \n \n-\n \n \n \n260,957\n \n\nNg Yi To Peter (director)\n \n \n-\n \n \n \n82,085\n \n\n \n \n \n-\n \n \n \n783,206\n \n\n \n\nAs of September 30, 2025, there is no balance with related parties. As\nof September 30, 2024, due to related parties are net balances which due from related parties were offset against dividend payable. The\nadvances are unsecured, non-interest bearing and due on demand. The Company has not recorded any imputed interest income or expenses for\nthe year ended September 30, 2024 and 2025. The amount due from related parties are fully repaid in December 2024.\n\n \n\nOn\nDecember 1, 2022, the Company entered into facility letter with Sin Yuk Hung, a shareholder, to offer facility of up to HK$2 million\n($256,410), which would be made available to the shareholder for overdraft process. Drawdowns can occur in different tranches, subject\nto approval by the Company, and can be repaid at any time with one month’s notice. This loan bears an annual interest rate of 2.8%\non the outstanding amount from drawdown tranche until repayment. The loan of US$217,949 was repaid on April 8, 2024.\n\n \n\n94\n\n  \n\n \n\n**Collateral\nand Guarantee**\n\n \n\nThe\ncollateral and guarantee made by related parties to the Company as of September 30, 2025, September 30, 2024 and September 30, 2023 consists\nof the following:\n\n \n\nThe\ncollateral and guarantee made by related parties to the Company as of September 30, 2025 consists of the following:\n\n \n\nRelated Parties \nInstitution Name \nTerm \nAggregated\nPrincipal  \nCarrying\nAmount as of\nSeptember 30,\n2025 \n\n  \n  \n  \nUS$  \nUS$ \n\nGuarantee by Lam Shing Kwan Henry, for revolving loans \nBank of Communications (Hong Kong) Limited \nOn demand \n 897,435  \n 897,435 \n\nGuarantee by Lam Shing Kwan Henry and all monies Second Legal Mortgage on a property owned by Lam Shing Kwan Henry for bank overdraft \nBank of Communications (Hong Kong) Limited \nOn demand \n 1,153,846  \n 717,306 \n\n  \n  \n  \n 2,051,281  \n 1,614,741 \n\n \n\nThe\nexpiration date of the facilities of HKD 7,000,000 is March 27, 2026.\n\n \n\nThe\ncollateral and guarantee made by related parties to the Company as of September 30, 2024 consists of the following:\n\n \n\nRelated Parties \nInstitution Name \nTerm \nAggregated\nPrincipal  \nCarrying\nAmount as of\nSeptember 30,\n2024 \n\n  \n  \n  \nUS$  \nUS$ \n\nGuarantee by Lam Shing Kwan Henry, for revolving loans \nBank of Communications (Hong Kong) Limited \nOn demand \n 897,435  \n 897,435 \n\nGuarantee by Lam Shing Kwan Henry and all monies Second Legal Mortgage on a property owned by Lam Shing Kwan Henry for bank overdraft \nBank of Communications (Hong Kong) Limited \nOn demand \n 1,153,846  \n 591,207 \n\n  \n  \n  \n 2,051,281  \n 1,488,642 \n\n \n\n95\n\n  \n\n \n\nThe\nexpiration date of the facilities of HKD 7,000,000 is March 27, 2026.\n\n \n\nThe\ncollateral and guarantee made by related parties to the Company as of September 30, 2023 consists of the following:\n\n \n\nRelated Parties \nInstitution Name \nTerm \nAggregated\nPrincipal  \nCarrying\nAmount as of\nSeptember 30,\n2024 \n\n  \n  \n  \nUS$  \nUS$ \n\nGuarantee by Lam Shing Kwan Henry for revolving loans  \nBank of Communications (Hong Kong) Limited \nOn demand \n 1,282,050  \n 1,282,050 \n\nGuarantee by Lam Shing Kwan Henry and all monies Second Legal Mortgage on a property owned by Lam Shing Kwan Henry for bank overdraft \nBank of Communications (Hong Kong) Limited \nOn demand \n 1,153,846  \n 934,918 \n\n  \n  \n  \n \n2,435,896\n  \n 2,216,968 \n\n \n\nThe\nexpiration date of the facilities of HKD 7,000,000 and HKD 3,000,000 are March 27, 2026 and April 28, 2027 respectively.\n\n \n\n**Employment\nAgreements**\n\n \n\nSee\n“Item 6. Directors, Senior Management and Employees-C. Board Practices-Agreements with Named Executive Officers.”\n\n \n\n**Share\nIncentive Plan**\n\n \n\nNot\napplicable.\n\n \n\n**C.\nInterests of Experts and Counsel**\n\n \n\nNot\napplicable."}