Ocean One Holding Ltd. (formerly stock code on GEM: 8476) has received approval-in-principle to transfer its listing from GEM to the Main Board of The Stock Exchange of Hong Kong, with dealings expected to commence on 3 November 2025. The company’s last day of trading on GEM is scheduled for 31 October 2025. According to the announcement, the group’s volume weighted average market capitalization reached approximately HK$776.9 million, exceeding relevant Main Board requirements.

Ocean One Holding Ltd. is an established frozen seafood importer and wholesaler in Hong Kong with over 22 years of experience. The main products include prawns, scallops, oysters, fishes, crabs, octopuses, and related processed items, primarily serving customers in Hong Kong, Macau, and Chinese Mainland. During the financial years ended 31 March 2023, 2024, and 2025, its revenues were HK$467.3 million, HK$458.7 million, and HK$395.9 million respectively. Profit for the year ended 31 March 2025 reached HK$41.7 million after a marginal decline in revenues was offset by a higher gross profit margin and increased interest income.

Japan remained the largest source of the company’s imports over the track record period, contributing more than a third of overall purchases. The directors cite enhanced corporate visibility and access to broader business opportunities as key reasons for the move to the Main Board. The company affirms that it has maintained the listing rules’ public float criteria, with at least 25% of its issued shares held by public shareholders. Ocean One Holding Ltd. notes that all existing share certificates remain valid and no exchange is required. Shareholders and investors are advised to exercise caution when dealing in the shares and to refer to the company’s published financial statements for further details.